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   "value": "1 <div class=\"t s4_170\" id=\"t4_170\" style=\"left:56px;bottom:921px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Basis of preparation </div>\n<div class=\"t s5_170\" id=\"t5_170\" style=\"left:43px;bottom:904px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Smith &amp; Nephew plc (the \u201cCompany\u201d) is a public limited company incorporated in England and Wales. In these accounts, the \u2018Group\u2019 </div>\n<div class=\"t s5_170\" id=\"t6_170\" style=\"left:43px;bottom:889px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">means the Company and all its subsidiaries. The principal activities of the Group are to develop, manufacture, market and sell medical </div>\n<div class=\"t s5_170\" id=\"t7_170\" style=\"left:43px;bottom:874px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">devices and services. </div>\n<div class=\"t s5_170\" id=\"t8_170\" style=\"left:43px;bottom:850px;letter-spacing:0.06px;word-spacing:-0.09px;display:inline;\">The Group has prepared its accounts in accordance with UK-adopted International Accounting Standards. The Group has also prepared </div>\n<div class=\"t s5_170\" id=\"t9_170\" style=\"left:43px;bottom:835px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">its accounts in accordance with IFRS as issued by the International Accounting Standards Board (IASB) e\ufb00ective as at 31 December 2022. </div>\n<div class=\"t s5_170\" id=\"ta_170\" style=\"left:43px;bottom:819px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">IFRS as adopted in the UK di\ufb00ers in certain respects from IFRS as issued by the IASB. However, the di\ufb00erences have no impact for the </div>\n<div class=\"t s5_170\" id=\"tb_170\" style=\"left:43px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">periods presented. </div>\n<div class=\"t s5_170\" id=\"tc_170\" style=\"left:43px;bottom:780px;word-spacing:-0.11px;display:inline;\">The preparation of accounts in conformity with IFRS requires management to use estimates and assumptions that a\ufb00ect the reported </div>\n<div class=\"t s5_170\" id=\"td_170\" style=\"left:43px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the accounts and the reported </div>\n<div class=\"t s5_170\" id=\"te_170\" style=\"left:43px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">amounts of revenues and expenses during the year. The accounting policies requiring management to use signi\ufb01cant estimates and </div>\n<div class=\"t s5_170\" id=\"tf_170\" style=\"left:43px;bottom:734px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">assumptions are: inventories, liability provisions and impairment. These are discussed in Note 1.2 below. Although these estimates </div>\n<div class=\"t s5_170\" id=\"tg_170\" style=\"left:43px;bottom:719px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">are based on management\u2019s best knowledge of current events and actions, actual results ultimately may di\ufb00er from those estimates. </div>\n<div class=\"t s5_170\" id=\"th_170\" style=\"left:43px;bottom:704px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Estimates and\u00a0underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. </div>\n<div class=\"t s5_170\" id=\"ti_170\" style=\"left:43px;bottom:680px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The uncertainties as to the future impact on the \ufb01nancial performance and cash \ufb02ows of the Group as a result of the current challenging </div>\n<div class=\"t s5_170\" id=\"tj_170\" style=\"left:43px;bottom:665px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic environment have been considered as part of the Group\u2019s adoption of the going concern basis in these \ufb01nancial statements, </div>\n<div class=\"t s5_170\" id=\"tk_170\" style=\"left:43px;bottom:649px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0which context the Directors reviewed cash \ufb02ow forecasts prepared for a period of at least 12 months from the date of approval </div>\n<div class=\"t s5_170\" id=\"tl_170\" style=\"left:43px;bottom:634px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0these \ufb01nancial statements. Having carefully reviewed those forecasts, the Directors concluded that it was appropriate to\u00a0adopt </div>\n<div class=\"t s5_170\" id=\"tm_170\" style=\"left:43px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">the\u00a0going concern basis of accounting in preparing these \ufb01nancial statements for the reasons set out below. </div>\n<div class=\"t s5_170\" id=\"tn_170\" style=\"left:43px;bottom:595px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group had access to $344m of cash and cash equivalents at 31 December 2022. The Group\u2019s net debt, excluding lease liabilities, </div>\n<div class=\"t s5_170\" id=\"to_170\" style=\"left:43px;bottom:579px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">at 31 December 2022 was $2,339m with access to committed facilities of $3.7bn with an average maturity of 5.1 years. At the date </div>\n<div class=\"t s5_170\" id=\"tp_170\" style=\"left:43px;bottom:564px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">of\u00a0approving these \ufb01nancial statements the funding position of the Group has remained unchanged and the cash position is\u00a0not </div>\n<div class=\"t s5_170\" id=\"tq_170\" style=\"left:43px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">materially di\ufb00erent. </div>\n<div class=\"t s5_170\" id=\"tr_170\" style=\"left:43px;bottom:525px;word-spacing:-0.03px;display:inline;\">The Group has $105m of private placement debt due for repayment in 2023. $1,160m of private placement debt is subject to \ufb01nancial </div>\n<div class=\"t s5_170\" id=\"ts_170\" style=\"left:43px;bottom:510px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">covenants. The principal covenant on the private placement debt is a leverage ratio of &lt;3.5 which is measured on a rolling 12-month </div>\n<div class=\"t s5_170\" id=\"tt_170\" style=\"left:43px;bottom:494px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">basis at half year and year end. There are no \ufb01nancial covenants in any of the Group\u2019s other facilities. </div>\n<div class=\"t s5_170\" id=\"tu_170\" style=\"left:43px;bottom:470px;word-spacing:-0.1px;display:inline;\">The Directors have considered various scenarios in assessing the impact of the economic environment on future \ufb01nancial performance </div>\n<div class=\"t s5_170\" id=\"tv_170\" style=\"left:43px;bottom:455px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0cash \ufb02ows, with the key judgement applied being the speed and sustainability of the return to a normal volume of elective </div>\n<div class=\"t s5_170\" id=\"tw_170\" style=\"left:43px;bottom:440px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">procedures in key markets, including the impact of a signi\ufb01cant global economic recession, leading to lower healthcare spending </div>\n<div class=\"t s5_170\" id=\"tx_170\" style=\"left:43px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">across\u00a0both public and private systems. Throughout these scenarios, which include a severe but plausible outcome, the Group </div>\n<div class=\"t s5_170\" id=\"ty_170\" style=\"left:43px;bottom:409px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">continues\u00a0to have headroom on its borrowing facilities and \ufb01nancial covenants. </div>\n<div class=\"t s5_170\" id=\"tz_170\" style=\"left:43px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Directors have a reasonable expectation that the Company and the Group are well placed to manage their business risks, </div>\n<div class=\"t s5_170\" id=\"t10_170\" style=\"left:43px;bottom:370px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">have\u00a0su\ufb03cient funds to continue to meet their liabilities as they fall due and to continue in operational existence for a period of at </div>\n<div class=\"t s5_170\" id=\"t11_170\" style=\"left:43px;bottom:355px;letter-spacing:0.06px;word-spacing:-0.09px;display:inline;\">least\u00a012 months from the date of the approval of these \ufb01nancial statements. The \ufb01nancial statements have therefore been prepared </div>\n<div class=\"t s5_170\" id=\"t12_170\" style=\"left:43px;bottom:340px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">on\u00a0a\u00a0going\u00a0concern basis. </div>\n<div class=\"t s5_170\" id=\"t13_170\" style=\"left:43px;bottom:316px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Accordingly, the Directors continue to adopt the going concern basis (in accordance with the guidance \u2018Guidance on Risk Management, </div>\n<div class=\"t s5_170\" id=\"t14_170\" style=\"left:43px;bottom:300px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Internal Control and Related Financial and Business Reporting\u2019 issued by the FRC) in preparing these \ufb01nancial statements. </div>\n<div class=\"t s6_170\" id=\"t15_170\" style=\"left:43px;bottom:276px;letter-spacing:-0.22px;word-spacing:-0.04px;display:inline;\">New accounting standards e\ufb00ective 2022 </div>\n<div class=\"t s5_170\" id=\"t16_170\" style=\"left:43px;bottom:258px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">A number of new amendments to standards are e\ufb00ective from 1 January 2022 but they do not have a material e\ufb00ect on the Group\u2019s </div>\n<div class=\"t s5_170\" id=\"t17_170\" style=\"left:43px;bottom:243px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">\ufb01nancial statements. </div>\n<div class=\"t s6_170\" id=\"t18_170\" style=\"left:43px;bottom:218px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Accounting standards issued but not yet e\ufb00ective </div>\n<div class=\"t s5_170\" id=\"t19_170\" style=\"left:43px;bottom:201px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">A number of new standards and amendments to standards are e\ufb00ective for annual periods beginning a\ufb05er 1 January 2022 and earlier </div>\n<div class=\"t s5_170\" id=\"t1a_170\" style=\"left:43px;bottom:186px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">application is permitted; however, the Group has not early adopted them in preparing these \ufb01nancial statements. </div>\n<div class=\"t s7_170\" id=\"t1b_170\" style=\"left:42px;bottom:950px;letter-spacing:-0.1px;word-spacing:0.07px;display:inline;\">Notes to the Group accounts </div>\n<div class=\"t s8_170\" id=\"t1c_170\" style=\"left:43px;bottom:11px;letter-spacing:-0.9px;display:inline;\">168 </div><div class=\"t s9_170\" id=\"t1d_170\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_170\" id=\"t1e_170\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_171\" id=\"t1_171\" style=\"left:65px;bottom:958px;letter-spacing:-0.28px;display:inline;\">1.1 </div><div class=\"t s2_171\" id=\"t2_171\" style=\"left:88px;bottom:958px;letter-spacing:-0.15px;display:inline;\">Consolidation </div>\n<div class=\"t s3_171\" id=\"t3_171\" style=\"left:65px;bottom:941px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group accounts include the accounts of Smith &amp; Nephew plc and its subsidiaries for the periods during which they were members </div>\n<div class=\"t s3_171\" id=\"t4_171\" style=\"left:65px;bottom:926px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">of\u00a0the Group. </div>\n<div class=\"t s3_171\" id=\"t5_171\" style=\"left:65px;bottom:902px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns </div>\n<div class=\"t s3_171\" id=\"t6_171\" style=\"left:65px;bottom:886px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">from\u00a0its involvement with the entity and has the ability to a\ufb00ect those returns through its power over the entity. Subsidiaries are </div>\n<div class=\"t s3_171\" id=\"t7_171\" style=\"left:65px;bottom:871px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">consolidated in the Group accounts from the date that the Group obtains control and continue to be consolidated until the date </div>\n<div class=\"t s3_171\" id=\"t8_171\" style=\"left:65px;bottom:856px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">that such control ceases. Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group </div>\n<div class=\"t s3_171\" id=\"t9_171\" style=\"left:65px;bottom:841px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">transactions, are eliminated on consolidation. All\u00a0subsidiaries have year ends which are coterminous with the Group\u2019s, with the </div>\n<div class=\"t s3_171\" id=\"ta_171\" style=\"left:65px;bottom:825px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">exception\u00a0of jurisdictions whereby a di\ufb00erent year end is required by local legislation. </div>\n<div class=\"t s3_171\" id=\"tb_171\" style=\"left:65px;bottom:801px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary and any related components </div>\n<div class=\"t s3_171\" id=\"tc_171\" style=\"left:65px;bottom:786px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of\u00a0equity. Any resulting gain or loss is recognised in pro\ufb01t or loss. Any retained interest in the former subsidiary is measured at fair value. </div>\n<div class=\"t s1_171\" id=\"td_171\" style=\"left:65px;bottom:761px;letter-spacing:-0.12px;display:inline;\">1.2 </div><div class=\"t s2_171\" id=\"te_171\" style=\"left:88px;bottom:761px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Critical judgements and estimates </div>\n<div class=\"t s3_171\" id=\"tf_171\" style=\"left:65px;bottom:744px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group prepares its consolidated \ufb01nancial statements in accordance with IFRS as issued by the IASB and IFRS adopted in the </div>\n<div class=\"t s3_171\" id=\"tg_171\" style=\"left:65px;bottom:729px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">UK, the application of which o\ufb05en requires judgements and estimates to\u00a0be made by management when formulating the Group\u2019s </div>\n<div class=\"t s3_171\" id=\"th_171\" style=\"left:65px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">\ufb01nancial position and results. Under IFRS, the Directors are required to adopt those accounting policies most appropriate to the </div>\n<div class=\"t s3_171\" id=\"ti_171\" style=\"left:65px;bottom:698px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u2019s\u00a0circumstances for the purpose of presenting fairly the Group\u2019s \ufb01nancial position, \ufb01nancial performance and cash \ufb02ows. </div>\n<div class=\"t s3_171\" id=\"tj_171\" style=\"left:65px;bottom:674px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group\u2019s accounting policies do not include any critical judgements. The Group\u2019s accounting policies are set out in Notes 1\u201323 </div>\n<div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:659px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">of\u00a0the\u00a0Notes to the Group accounts. Of those, the policies which require the most use of management\u2019s estimation are outlined below. </div>\n<div class=\"t s3_171\" id=\"tl_171\" style=\"left:65px;bottom:644px;letter-spacing:0.05px;word-spacing:-0.08px;display:inline;\">The critical estimates are consistent with 31 December 2021. Management have considered the impact of the uncertainties around </div>\n<div class=\"t s3_171\" id=\"tm_171\" style=\"left:65px;bottom:629px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">the\u00a0current challenging economic environment below. </div>\n<div class=\"t s2_171\" id=\"tn_171\" style=\"left:65px;bottom:604px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Valuation of inventories </div>\n<div class=\"t s3_171\" id=\"to_171\" style=\"left:65px;bottom:587px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">A feature of the Orthopaedics franchise (which accounts for approximately 60% of the Group\u2019s total inventory and approximately </div>\n<div class=\"t s3_171\" id=\"tp_171\" style=\"left:65px;bottom:571px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">80% of the total provision for excess and obsolete inventory) is the high level of\u00a0product inventory required, some of which is located </div>\n<div class=\"t s3_171\" id=\"tq_171\" style=\"left:65px;bottom:556px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">at customer premises and is available for customers\u2019 immediate use. Complete sets of products, including large and small sizes, have </div>\n<div class=\"t s3_171\" id=\"tr_171\" style=\"left:65px;bottom:541px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">to be made available in this way. These sizes are used less frequently than standard sizes and towards the end of the product life cycle </div>\n<div class=\"t s3_171\" id=\"ts_171\" style=\"left:65px;bottom:525px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be made to orthopaedic inventory to </div>\n<div class=\"t s3_171\" id=\"tt_171\" style=\"left:65px;bottom:510px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">anticipate this situation. These adjustments are calculated in accordance with a formula based on levels of inventory compared with </div>\n<div class=\"t s3_171\" id=\"tu_171\" style=\"left:65px;bottom:495px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">historical usage. This formula is applied on an individual product line basis and typically is \ufb01rst applied when a product group has been </div>\n<div class=\"t s3_171\" id=\"tv_171\" style=\"left:65px;bottom:480px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">on the market for two years. This method of calculation is considered appropriate based on experience, but it does require management </div>\n<div class=\"t s3_171\" id=\"tw_171\" style=\"left:65px;bottom:464px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">estimate in respect of customer demand, e\ufb00ectiveness of inventory deployment, length of product lives and phase-out of old products. </div>\n<div class=\"t s3_171\" id=\"tx_171\" style=\"left:65px;bottom:449px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">See Note 12 for further details. </div>\n<div class=\"t s3_171\" id=\"ty_171\" style=\"left:65px;bottom:425px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Current economic environment impact assessment: In assessing the increase in provision for excess and obsolete inventory, </div>\n<div class=\"t s3_171\" id=\"tz_171\" style=\"left:65px;bottom:410px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">management have considered the impact of higher input cost in\ufb02ation on increased inventory levels. Management have not changed </div>\n<div class=\"t s3_171\" id=\"t10_171\" style=\"left:65px;bottom:395px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">their\u00a0accounting policy since 31 December 2021, nor is a change in the key assumptions underlying the methodology expected in </div>\n<div class=\"t s3_171\" id=\"t11_171\" style=\"left:65px;bottom:379px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">the next 12 months. Primarily due to inventory growth, the provision has increased from $430m at 31 December 2021 to $504m </div>\n<div class=\"t s3_171\" id=\"t12_171\" style=\"left:65px;bottom:364px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">at 31 December 2022. The provision for excess and obsolete inventory is not considered to have a range of potential outcomes that </div>\n<div class=\"t s3_171\" id=\"t13_171\" style=\"left:65px;bottom:349px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">is signi\ufb01cantly di\ufb00erent to the $504m at 31 December 2022 in the next 12 months. The provision has a high degree of estimation </div>\n<div class=\"t s3_171\" id=\"t14_171\" style=\"left:65px;bottom:333px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">uncertainty given the range of products and sizes, with a potential range of reasonable outcomes that could be material over the </div>\n<div class=\"t s3_171\" id=\"t15_171\" style=\"left:65px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">longer term. </div>\n<div class=\"t s4_171\" id=\"t16_171\" style=\"left:830px;bottom:11px;letter-spacing:-1.24px;display:inline;\">169 </div><div class=\"t s5_171\" id=\"t17_171\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s6_171\" id=\"t18_171\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s7_171\" id=\"t19_171\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s7_171\" id=\"t1a_171\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s8_171\" id=\"t1b_171\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s7_171\" id=\"t1c_171\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_172\" id=\"t1_172\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_172\" id=\"t2_172\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_172\" id=\"t3_172\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_172\" id=\"t4_172\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_172\" id=\"t5_172\" style=\"left:43px;bottom:956px;display:inline;\">1 </div><div class=\"t s6_172\" id=\"t6_172\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">Basis of preparation </div><div class=\"t s7_172\" id=\"t7_172\" style=\"left:196px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_172\" id=\"t8_172\" style=\"left:43px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liability provisioning </div>\n<div class=\"t s9_172\" id=\"t9_172\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The recognition of provisions for legal disputes related to metal-on-metal cases is subject to a signi\ufb01cant degree of estimation. </div>\n<div class=\"t s9_172\" id=\"ta_172\" style=\"left:43px;bottom:906px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Provision is made for loss contingencies when it is considered probable that an adverse outcome will occur and the amount of </div>\n<div class=\"t s9_172\" id=\"tb_172\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0loss\u00a0can be reasonably estimated. In making its estimates, management takes into account the advice of internal and external </div>\n<div class=\"t s9_172\" id=\"tc_172\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">legal\u00a0counsel. Provisions are reviewed regularly and amounts updated where necessary to re\ufb02ect developments in the disputes. </div>\n<div class=\"t s9_172\" id=\"td_172\" style=\"left:43px;bottom:860px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The value of provisions may require future adjustment if experience such as number, nature or value of claims or settlements changes. </div>\n<div class=\"t s9_172\" id=\"te_172\" style=\"left:43px;bottom:845px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Such a change may be material in 2023 or therea\ufb05er. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s9_172\" id=\"tf_172\" style=\"left:43px;bottom:829px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings and settlement negotiations or if investigations bring to light new facts. See Note 17 for further details. </div>\n<div class=\"t s9_172\" id=\"tg_172\" style=\"left:43px;bottom:805px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management considered whether there had been any changes to the number </div>\n<div class=\"t s9_172\" id=\"th_172\" style=\"left:43px;bottom:790px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">and\u00a0value of claims due\u00a0to current challenging economic environment and to date have not identi\ufb01ed any signi\ufb01cant changes in trends. </div>\n<div class=\"t s9_172\" id=\"ti_172\" style=\"left:43px;bottom:775px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the experience changes in the future, the value of provisions may\u00a0require adjustment. </div>\n<div class=\"t s8_172\" id=\"tj_172\" style=\"left:43px;bottom:750px;letter-spacing:-0.14px;display:inline;\">Impairment </div>\n<div class=\"t s9_172\" id=\"tk_172\" style=\"left:43px;bottom:733px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets and goodwill, a number of signi\ufb01cant assumptions have to be made when </div>\n<div class=\"t s9_172\" id=\"tl_172\" style=\"left:43px;bottom:718px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">preparing cash \ufb02ow projections. These include the future rate of market growth, discount rates, the market demand for the products </div>\n<div class=\"t s9_172\" id=\"tm_172\" style=\"left:43px;bottom:702px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">acquired, the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory </div>\n<div class=\"t s9_172\" id=\"tn_172\" style=\"left:43px;bottom:687px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">approvals. If actual results should di\ufb00er or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s9_172\" id=\"to_172\" style=\"left:43px;bottom:672px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">impact operating results. There has been a decrease in the level of headroom in relation to goodwill impairment testing for the </div>\n<div class=\"t s9_172\" id=\"tp_172\" style=\"left:43px;bottom:656px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Orthopaedics CGU which is sensitive to a reasonably possible change in assumptions. For other intangible assets and goodwill CGUs, this </div>\n<div class=\"t s9_172\" id=\"tq_172\" style=\"left:43px;bottom:641px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">critical estimate is not considered to have a signi\ufb01cant risk of material adjustment in 2023 or therea\ufb05er based on sensitivity analyses </div>\n<div class=\"t s9_172\" id=\"tr_172\" style=\"left:43px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">undertaken (as outlined below). See Notes 8 and 9 for further details on impairment reviews. </div>\n<div class=\"t s9_172\" id=\"ts_172\" style=\"left:43px;bottom:602px;letter-spacing:0.01px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management have assessed the non-current assets held by the Group at 31 December </div>\n<div class=\"t s9_172\" id=\"tt_172\" style=\"left:43px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">2022 to identify any indicators of impairment as a result of current economic environment. Where an impairment indicator has arisen, </div>\n<div class=\"t s9_172\" id=\"tu_172\" style=\"left:43px;bottom:571px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">impairment reviews have been undertaken by comparing the expected recoverable value of the asset to the carrying value of the asset. </div>\n<div class=\"t s9_172\" id=\"tv_172\" style=\"left:43px;bottom:556px;word-spacing:-0.11px;display:inline;\">The recoverable amounts are based on cash \ufb02ow projections using the Group\u2019s base case scenario in its going concern models, which was </div>\n<div class=\"t s9_172\" id=\"tw_172\" style=\"left:43px;bottom:541px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">reviewed and approved by the Board. Impairments of $39m, related to immaterial product intangible assets, were identi\ufb01ed as a result </div>\n<div class=\"t s9_172\" id=\"tx_172\" style=\"left:43px;bottom:526px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">of\u00a0the impairment reviews undertaken. </div>\n<div class=\"t sa_172\" id=\"ty_172\" style=\"left:43px;bottom:501px;letter-spacing:-0.05px;display:inline;\">1.3 </div><div class=\"t s8_172\" id=\"tz_172\" style=\"left:67px;bottom:501px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">Climate change considerations </div>\n<div class=\"t s9_172\" id=\"t10_172\" style=\"left:43px;bottom:484px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The impact of climate change has been considered as part of the assessment of estimates and judgements in preparing the </div>\n<div class=\"t s9_172\" id=\"t11_172\" style=\"left:43px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0accounts. The climate change scenario analyses undertaken this year in line with TCFD recommendations did not identify </div>\n<div class=\"t s9_172\" id=\"t12_172\" style=\"left:43px;bottom:453px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">any\u00a0material \ufb01nancial impact. The following considerations were made in respect of the \ufb01nancial statements: </div>\n<div class=\"t s9_172\" id=\"t13_172\" style=\"left:43px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t14_172\" style=\"left:56px;bottom:436px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The impact of climate change on the going concern assessment and the viability of the Group over the next three years. </div>\n<div class=\"t s9_172\" id=\"t15_172\" style=\"left:43px;bottom:418px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t16_172\" style=\"left:56px;bottom:418px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">The impact of climate change on the cash \ufb02ow forecasts used in the impairment assessments of non-current assets including goodwill. </div>\n<div class=\"t s9_172\" id=\"t17_172\" style=\"left:43px;bottom:401px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t18_172\" style=\"left:56px;bottom:401px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The impact of climate change on the carrying value and useful economic lives of property, plant and equipment. </div>\n<div class=\"t sa_172\" id=\"t19_172\" style=\"left:43px;bottom:376px;letter-spacing:-0.19px;display:inline;\">1.4 </div><div class=\"t s8_172\" id=\"t1a_172\" style=\"left:66px;bottom:376px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Foreign currencies </div>\n<div class=\"t sb_172\" id=\"t1b_172\" style=\"left:43px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Functional and presentation currency </div>\n<div class=\"t s9_172\" id=\"t1c_172\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group accounts are presented in US Dollars. The Company\u2019s functional currency is US Dollars. </div>\n<div class=\"t sb_172\" id=\"t1d_172\" style=\"left:43px;bottom:316px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign currency transactions </div>\n<div class=\"t s9_172\" id=\"t1e_172\" style=\"left:43px;bottom:299px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Transactions in foreign currencies are translated to the respective functional currencies of Group companies at exchange rates at the </div>\n<div class=\"t s9_172\" id=\"t1f_172\" style=\"left:43px;bottom:283px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency </div>\n<div class=\"t s9_172\" id=\"t1g_172\" style=\"left:43px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">at\u00a0the exchange rate as at\u00a0the reporting date. Non-monetary items are not retranslated. </div>\n<div class=\"t sb_172\" id=\"t1h_172\" style=\"left:43px;bottom:244px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign operations </div>\n<div class=\"t s9_172\" id=\"t1i_172\" style=\"left:43px;bottom:226px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Balance sheet items of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into US </div>\n<div class=\"t s9_172\" id=\"t1j_172\" style=\"left:43px;bottom:211px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Dollars on consolidation at the exchange rates at the reporting date. Income statement items and the cash \ufb02ows of foreign operations </div>\n<div class=\"t s9_172\" id=\"t1k_172\" style=\"left:43px;bottom:196px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are translated at\u00a0average\u00a0rates as an approximation to actual transaction rates, with actual transaction rates used for large </div>\n<div class=\"t s9_172\" id=\"t1l_172\" style=\"left:43px;bottom:180px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">one-o\ufb00 transactions. </div>\n<div class=\"t s9_172\" id=\"t1m_172\" style=\"left:43px;bottom:156px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency di\ufb00erences are recognised in \u2018Other comprehensive income\u2019 and accumulated in \u2018Other reserves\u2019 within equity. </div>\n<div class=\"t s9_172\" id=\"t1n_172\" style=\"left:43px;bottom:141px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">These include: exchange di\ufb00erences on the translation at closing rates of exchange of non-US Dollar opening net assets; the di\ufb00erences </div>\n<div class=\"t s9_172\" id=\"t1o_172\" style=\"left:43px;bottom:126px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">arising between the translation of pro\ufb01ts into US Dollars at actual (or\u00a0average, as an approximation) and closing exchange rates; to the </div>\n<div class=\"t s9_172\" id=\"t1p_172\" style=\"left:43px;bottom:111px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">extent that the hedging relationship is e\ufb00ective, the di\ufb00erence on translation of foreign currency borrowings or swaps that are used </div>\n<div class=\"t s9_172\" id=\"t1q_172\" style=\"left:43px;bottom:95px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">to\u00a0\ufb01nance or hedge the Group\u2019s net investments in foreign operations; and the movement in the fair value of forward foreign exchange </div>\n<div class=\"t s9_172\" id=\"t1r_172\" style=\"left:43px;bottom:80px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">contracts used to hedge forecast foreign exchange cash \ufb02ows. </div>\n<div class=\"t sc_172\" id=\"t1s_172\" style=\"left:43px;bottom:11px;letter-spacing:-1.66px;display:inline;\">170 </div><div class=\"t sd_172\" id=\"t1t_172\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_172\" id=\"t1u_172\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_173\" id=\"t1_173\" style=\"left:65px;bottom:958px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">The exchange rates used for the translation of currencies into US Dollars that have the most signi\ufb01cant impact on the Group results were: </div>\n<div class=\"t s2_173\" id=\"t2_173\" style=\"left:606px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t3_173\" style=\"left:609px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t4_173\" style=\"left:611px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t5_173\" style=\"left:613px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:662px;bottom:936px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:695px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t8_173\" style=\"left:698px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t9_173\" style=\"left:700px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"ta_173\" style=\"left:748px;bottom:936px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s2_173\" id=\"tb_173\" style=\"left:782px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"tc_173\" style=\"left:784px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"td_173\" style=\"left:787px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"te_173\" style=\"left:835px;bottom:936px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_173\" id=\"tf_173\" style=\"left:69px;bottom:916px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">Average rates </div><div class=\"t s4_173\" id=\"tg_173\" style=\"left:677px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s4_173\" id=\"th_173\" style=\"left:680px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:763px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:766px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:850px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:853px;bottom:916px;display:inline;\">\u00a0</div>\n<div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:898px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"tn_173\" style=\"left:660px;bottom:898px;letter-spacing:0.05px;display:inline;\">1.23 </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:748px;bottom:898px;letter-spacing:0.07px;display:inline;\">1.38 </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:836px;bottom:898px;letter-spacing:-0.14px;display:inline;\">1.28 </div>\n<div class=\"t s1_173\" id=\"tq_173\" style=\"left:65px;bottom:879px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"tr_173\" style=\"left:660px;bottom:879px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:749px;bottom:879px;letter-spacing:-0.28px;display:inline;\">1.18 </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:836px;bottom:879px;letter-spacing:-0.39px;display:inline;\">1.14 </div>\n<div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:861px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"tv_173\" style=\"left:660px;bottom:861px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:749px;bottom:861px;letter-spacing:-0.03px;display:inline;\">1.09 </div><div class=\"t s1_173\" id=\"tx_173\" style=\"left:836px;bottom:861px;letter-spacing:-0.23px;display:inline;\">1.07 </div>\n<div class=\"t s3_173\" id=\"ty_173\" style=\"left:69px;bottom:842px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">Year end rates </div>\n<div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:824px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"t10_173\" style=\"left:660px;bottom:824px;letter-spacing:-0.08px;display:inline;\">1.21 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:749px;bottom:824px;letter-spacing:-0.01px;display:inline;\">1.35 </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:835px;bottom:824px;letter-spacing:-0.1px;display:inline;\">1.37 </div>\n<div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:805px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"t14_173\" style=\"left:660px;bottom:805px;letter-spacing:-0.04px;display:inline;\">1.07 </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:749px;bottom:805px;letter-spacing:-0.21px;display:inline;\">1.13 </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:835px;bottom:805px;letter-spacing:-0.07px;display:inline;\">1.23 </div>\n<div class=\"t s1_173\" id=\"t17_173\" style=\"left:65px;bottom:787px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"t18_173\" style=\"left:659px;bottom:787px;letter-spacing:0.09px;display:inline;\">1.08 </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:750px;bottom:787px;letter-spacing:-0.35px;display:inline;\">1.10 </div><div class=\"t s1_173\" id=\"t1a_173\" style=\"left:836px;bottom:787px;letter-spacing:-0.39px;display:inline;\">1.14 </div>\n<div class=\"t s5_173\" id=\"t1b_173\" style=\"left:65px;bottom:755px;display:inline;\">2 </div><div class=\"t s6_173\" id=\"t1c_173\" style=\"left:78px;bottom:755px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">Business segment information </div>\n<div class=\"t s1_173\" id=\"t1d_173\" style=\"left:65px;bottom:739px;word-spacing:-0.11px;display:inline;\">The Group\u2019s operating structure is organised around three global franchises and the chief operating decision maker monitors performance, </div>\n<div class=\"t s1_173\" id=\"t1e_173\" style=\"left:65px;bottom:723px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">makes operating decisions and allocates resources on a global franchise basis. Accordingly, the Group has concluded that there are </div>\n<div class=\"t s1_173\" id=\"t1f_173\" style=\"left:65px;bottom:708px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">three\u00a0reportable segments. </div>\n<div class=\"t s1_173\" id=\"t1g_173\" style=\"left:65px;bottom:684px;word-spacing:-0.11px;display:inline;\">Franchise presidents have responsibility for upstream marketing, driving product portfolio and technology acquisition decisions, and full </div>\n<div class=\"t s1_173\" id=\"t1h_173\" style=\"left:65px;bottom:669px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">commercial responsibility for their franchises in the US. Regional presidents in EMEA and APAC are responsible for the implementation </div>\n<div class=\"t s1_173\" id=\"t1i_173\" style=\"left:65px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">of\u00a0the global franchise strategy in their respective regions. </div>\n<div class=\"t s1_173\" id=\"t1j_173\" style=\"left:65px;bottom:630px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Executive Committee (\u2018ExCo\u2019) comprises the Chief Financial O\ufb03cer (\u2018CFO\u2019), the franchise presidents, the regional presidents </div>\n<div class=\"t s1_173\" id=\"t1k_173\" style=\"left:65px;bottom:614px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and certain heads of function, and is chaired by the Chief Executive O\ufb03cer (\u2018CEO\u2019). ExCo is the body through which the CEO uses the </div>\n<div class=\"t s1_173\" id=\"t1l_173\" style=\"left:65px;bottom:599px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">authority delegated to him by the Board of Directors to manage the operations and performance of the Group. All signi\ufb01cant operating </div>\n<div class=\"t s1_173\" id=\"t1m_173\" style=\"left:65px;bottom:584px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">decisions regarding the allocation and prioritisation of the Group\u2019s resources and assessment of the Group\u2019s performance are made </div>\n<div class=\"t s1_173\" id=\"t1n_173\" style=\"left:65px;bottom:568px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by\u00a0ExCo, and while the members have individual responsibility for the implementation of decisions within their respective areas, </div>\n<div class=\"t s1_173\" id=\"t1o_173\" style=\"left:65px;bottom:553px;letter-spacing:0.02px;word-spacing:-0.06px;display:inline;\">it\u00a0is\u00a0at\u00a0the ExCo level that these decisions are made. Accordingly, ExCo is considered to be the Group\u2019s chief operating decision maker </div>\n<div class=\"t s1_173\" id=\"t1p_173\" style=\"left:65px;bottom:538px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as\u00a0de\ufb01ned by\u00a0IFRS 8 </div><div class=\"t s7_173\" id=\"t1q_173\" style=\"left:185px;bottom:538px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Operating Segments</div><div class=\"t s1_173\" id=\"t1r_173\" style=\"left:301px;bottom:538px;display:inline;\">. </div>\n<div class=\"t s1_173\" id=\"t1s_173\" style=\"left:65px;bottom:514px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">In making decisions about the prioritisation and allocation of the Group\u2019s resources, ExCo reviews \ufb01nancial information for the three </div>\n<div class=\"t s1_173\" id=\"t1t_173\" style=\"left:65px;bottom:499px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">franchises (Orthopaedics, Sports Medicine &amp; ENT and Advanced Wound Management) and determines the best allocation of resources </div>\n<div class=\"t s1_173\" id=\"t1u_173\" style=\"left:65px;bottom:483px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to the franchises. This information is prepared substantially on the same basis as the Group\u2019s IFRS \ufb01nancial statements aside from </div>\n<div class=\"t s1_173\" id=\"t1v_173\" style=\"left:65px;bottom:468px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the adjustments described in Note 2.2. Financial information for corporate costs is presented on a Group-wide basis. The ExCo </div>\n<div class=\"t s1_173\" id=\"t1w_173\" style=\"left:65px;bottom:453px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">is\u00a0not\u00a0provided with total assets and liabilities by segment, and therefore these measures are not included in the disclosures below. </div>\n<div class=\"t s1_173\" id=\"t1x_173\" style=\"left:65px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The results of\u00a0the segments are shown below. </div>\n<div class=\"t s8_173\" id=\"t1y_173\" style=\"left:831px;bottom:11px;letter-spacing:-1.66px;display:inline;\">171 </div><div class=\"t s9_173\" id=\"t1z_173\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_173\" id=\"t20_173\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_173\" id=\"t21_173\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_173\" id=\"t22_173\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_173\" id=\"t23_173\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_173\" id=\"t24_173\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_174\" id=\"t1_174\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_174\" id=\"t2_174\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_174\" id=\"t3_174\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_174\" id=\"t4_174\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_174\" id=\"t5_174\" style=\"left:43px;bottom:956px;display:inline;\">2 </div><div class=\"t s6_174\" id=\"t6_174\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Business segment information </div><div class=\"t s7_174\" id=\"t7_174\" style=\"left:266px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_174\" id=\"t8_174\" style=\"left:43px;bottom:938px;letter-spacing:-0.31px;display:inline;\">2.1 </div><div class=\"t s9_174\" id=\"t9_174\" style=\"left:66px;bottom:938px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Revenue by business segment and geography </div>\n<div class=\"t sa_174\" id=\"ta_174\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sb_174\" id=\"tb_174\" style=\"left:53px;bottom:893px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Revenue is recognised as the performance obligations to deliver products or services are satis\ufb01ed and is recorded based on the </div>\n<div class=\"t sb_174\" id=\"tc_174\" style=\"left:53px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount of consideration expected to be received in exchange for satisfying the performance obligations. Revenue is recognised </div>\n<div class=\"t sb_174\" id=\"td_174\" style=\"left:53px;bottom:863px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">primarily when control is transferred to the customer, which is generally when the goods are shipped or delivered in accordance </div>\n<div class=\"t sb_174\" id=\"te_174\" style=\"left:53px;bottom:848px;letter-spacing:0.07px;word-spacing:-0.12px;display:inline;\">with\u00a0the contract terms, with some transfer of services taking place over time. Substantially all performance obligations are ful\ufb01lled </div>\n<div class=\"t sb_174\" id=\"tf_174\" style=\"left:53px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">within one year. There is no signi\ufb01cant revenue associated with the provision of services. Payment terms to our customers are based </div>\n<div class=\"t sb_174\" id=\"tg_174\" style=\"left:53px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">on commercially reasonable terms for the respective markets while also considering a customer\u2019s credit rating. Appropriate provisions </div>\n<div class=\"t sb_174\" id=\"th_174\" style=\"left:53px;bottom:802px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">for returns, trade discounts and rebates are deducted from revenue. Rebates primarily comprise chargebacks and other discounts </div>\n<div class=\"t sb_174\" id=\"ti_174\" style=\"left:53px;bottom:786px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">granted to certain customers. Chargebacks are discounts that occur when a third-party purchases product from a wholesaler at </div>\n<div class=\"t sb_174\" id=\"tj_174\" style=\"left:53px;bottom:771px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">its agreed price plus a mark-up. The wholesaler in turn charges the Group for the di\ufb00erence between the price initially paid by the </div>\n<div class=\"t sb_174\" id=\"tk_174\" style=\"left:53px;bottom:756px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">wholesaler and the agreed price. The provision for chargebacks is based on expected sell-through levels by the Group\u2019s wholesalers </div>\n<div class=\"t sb_174\" id=\"tl_174\" style=\"left:53px;bottom:741px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">to\u00a0such customers, as well as estimated wholesaler inventory levels. </div>\n<div class=\"t sc_174\" id=\"tm_174\" style=\"left:53px;bottom:716px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT (Ear, Nose &amp; Throat) </div>\n<div class=\"t sb_174\" id=\"tn_174\" style=\"left:53px;bottom:699px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT consists of the following businesses: Knee Implants, Hip Implants, Other Reconstruction, </div>\n<div class=\"t sb_174\" id=\"to_174\" style=\"left:53px;bottom:683px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies and ENT. Sales of inventory located </div>\n<div class=\"t sb_174\" id=\"tp_174\" style=\"left:53px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">at\u00a0customer premises and available for customers\u2019 immediate use are recognised when noti\ufb01cation is received that the product </div>\n<div class=\"t sb_174\" id=\"tq_174\" style=\"left:53px;bottom:653px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">has been implanted or used. Substantially all other revenue is recognised when control is transferred to the customer, which is </div>\n<div class=\"t sb_174\" id=\"tr_174\" style=\"left:53px;bottom:637px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">generally when the goods are\u00a0shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount </div>\n<div class=\"t sb_174\" id=\"ts_174\" style=\"left:53px;bottom:622px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0consideration expected to\u00a0be received in\u00a0exchange for\u00a0transferring the products or services. </div>\n<div class=\"t sb_174\" id=\"tt_174\" style=\"left:53px;bottom:598px;word-spacing:-0.11px;display:inline;\">In general our business in Established Markets is direct to hospitals and ambulatory surgery centers whereas in the Emerging Markets </div>\n<div class=\"t sb_174\" id=\"tu_174\" style=\"left:53px;bottom:583px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">we\u00a0generally sell through distributors. </div>\n<div class=\"t sc_174\" id=\"tv_174\" style=\"left:53px;bottom:558px;letter-spacing:0.12px;word-spacing:-0.05px;display:inline;\">Advanced Wound Management </div>\n<div class=\"t sb_174\" id=\"tw_174\" style=\"left:53px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Advanced Wound Management consists of the following businesses: Advanced Wound Care, Advanced Wound Bioactives and </div>\n<div class=\"t sb_174\" id=\"tx_174\" style=\"left:53px;bottom:526px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Advanced Wound Devices. Substantially all revenue is recognised when control is transferred to the customer, which is generally </div>\n<div class=\"t sb_174\" id=\"ty_174\" style=\"left:53px;bottom:510px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">when the goods are shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount of </div>\n<div class=\"t sb_174\" id=\"tz_174\" style=\"left:53px;bottom:495px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration expected to be received in exchange for transferring the products or services. Appropriate provisions for returns, </div>\n<div class=\"t sb_174\" id=\"t10_174\" style=\"left:53px;bottom:480px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">trade\u00a0discounts and rebates are deducted from revenue, as explained above. </div>\n<div class=\"t sb_174\" id=\"t11_174\" style=\"left:53px;bottom:456px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">The majority of our Advanced Wound Management business, and in particular products used in community and homecare facilities, </div>\n<div class=\"t sb_174\" id=\"t12_174\" style=\"left:53px;bottom:441px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">is\u00a0through wholesalers and distributors. When control is transferred to a wholesaler or distributor, revenue is recognised accordingly. </div>\n<div class=\"t sb_174\" id=\"t13_174\" style=\"left:53px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The proportion of sales direct to hospitals is higher in our Advanced Wound Devices business in Established Markets. </div> \n<div class=\"t sd_174\" id=\"t14_174\" style=\"left:43px;bottom:388px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Segment revenue reconciles to statutory revenues from continuing operations as follows: </div>\n<div class=\"t se_174\" id=\"t15_174\" style=\"left:640px;bottom:366px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t se_174\" id=\"t16_174\" style=\"left:727px;bottom:366px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t se_174\" id=\"t17_174\" style=\"left:813px;bottom:366px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t se_174\" id=\"t18_174\" style=\"left:585px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t19_174\" style=\"left:587px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1a_174\" style=\"left:589px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1b_174\" style=\"left:592px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1c_174\" style=\"left:625px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1d_174\" style=\"left:671px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1e_174\" style=\"left:674px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1f_174\" style=\"left:676px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1g_174\" style=\"left:678px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1h_174\" style=\"left:711px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1i_174\" style=\"left:758px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1j_174\" style=\"left:760px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1k_174\" style=\"left:763px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1l_174\" style=\"left:765px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1m_174\" style=\"left:798px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sf_174\" id=\"t1n_174\" style=\"left:48px;bottom:334px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Reportable segment revenue </div><div class=\"t sg_174\" id=\"t1o_174\" style=\"left:655px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sg_174\" id=\"t1p_174\" style=\"left:658px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1q_174\" style=\"left:742px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1r_174\" style=\"left:745px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1s_174\" style=\"left:828px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1t_174\" style=\"left:831px;bottom:334px;display:inline;\">\u00a0</div>\n<div class=\"t sd_174\" id=\"t1u_174\" style=\"left:43px;bottom:315px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t sg_174\" id=\"t1v_174\" style=\"left:630px;bottom:315px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t sd_174\" id=\"t1w_174\" style=\"left:720px;bottom:315px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t sd_174\" id=\"t1x_174\" style=\"left:808px;bottom:315px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t sd_174\" id=\"t1y_174\" style=\"left:43px;bottom:297px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t sg_174\" id=\"t1z_174\" style=\"left:629px;bottom:297px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t sd_174\" id=\"t20_174\" style=\"left:719px;bottom:297px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t sd_174\" id=\"t21_174\" style=\"left:806px;bottom:297px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t sd_174\" id=\"t22_174\" style=\"left:43px;bottom:279px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t sg_174\" id=\"t23_174\" style=\"left:630px;bottom:279px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t sd_174\" id=\"t24_174\" style=\"left:720px;bottom:279px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t sd_174\" id=\"t25_174\" style=\"left:807px;bottom:279px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t sd_174\" id=\"t26_174\" style=\"left:43px;bottom:260px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Revenue from external customers </div><div class=\"t sg_174\" id=\"t27_174\" style=\"left:630px;bottom:260px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t sd_174\" id=\"t28_174\" style=\"left:720px;bottom:260px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t sd_174\" id=\"t29_174\" style=\"left:806px;bottom:260px;display:inline;\">4,560 </div>\n<div class=\"t sh_174\" id=\"t2a_174\" style=\"left:43px;bottom:11px;letter-spacing:-1.4px;display:inline;\">172 </div><div class=\"t si_174\" id=\"t2b_174\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_174\" id=\"t2c_174\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_175\" id=\"t1_175\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Disaggregation of revenue: </div>\n<div class=\"t s2_175\" id=\"t2_175\" style=\"left:65px;bottom:941px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by product franchise: </div>\n<div class=\"t s3_175\" id=\"t3_175\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t4_175\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t5_175\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t6_175\" style=\"left:606px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t7_175\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t8_175\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t9_175\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ta_175\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tb_175\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tc_175\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"td_175\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"te_175\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tf_175\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tg_175\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"th_175\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ti_175\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tj_175\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tk_175\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tl_175\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s4_175\" id=\"tm_175\" style=\"left:69px;bottom:886px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Revenue by product from continuing operations </div><div class=\"t s5_175\" id=\"tn_175\" style=\"left:677px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_175\" id=\"to_175\" style=\"left:680px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tp_175\" style=\"left:763px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tq_175\" style=\"left:766px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tr_175\" style=\"left:850px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"ts_175\" style=\"left:853px;bottom:886px;display:inline;\">\u00a0</div>\n<div class=\"t s2_175\" id=\"tt_175\" style=\"left:65px;bottom:868px;letter-spacing:0.21px;word-spacing:-0.16px;display:inline;\">Knee Implants </div><div class=\"t s5_175\" id=\"tu_175\" style=\"left:663px;bottom:868px;letter-spacing:-0.15px;display:inline;\">899 </div><div class=\"t s2_175\" id=\"tv_175\" style=\"left:752px;bottom:868px;letter-spacing:-0.56px;display:inline;\">876 </div><div class=\"t s2_175\" id=\"tw_175\" style=\"left:839px;bottom:868px;letter-spacing:-0.42px;display:inline;\">822 </div>\n<div class=\"t s2_175\" id=\"tx_175\" style=\"left:65px;bottom:850px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Hip Implants </div><div class=\"t s5_175\" id=\"ty_175\" style=\"left:663px;bottom:850px;letter-spacing:-0.06px;display:inline;\">584 </div><div class=\"t s2_175\" id=\"tz_175\" style=\"left:752px;bottom:850px;letter-spacing:-0.53px;display:inline;\">612 </div><div class=\"t s2_175\" id=\"t10_175\" style=\"left:838px;bottom:850px;letter-spacing:-0.28px;display:inline;\">567 </div>\n<div class=\"t s2_175\" id=\"t11_175\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Other Reconstruction </div><div class=\"t s5_175\" id=\"t12_175\" style=\"left:672px;bottom:831px;letter-spacing:-0.35px;display:inline;\">87 </div><div class=\"t s2_175\" id=\"t13_175\" style=\"left:760px;bottom:831px;letter-spacing:-0.64px;display:inline;\">92 </div><div class=\"t s2_175\" id=\"t14_175\" style=\"left:846px;bottom:831px;letter-spacing:0.03px;display:inline;\">68 </div>\n<div class=\"t s2_175\" id=\"t15_175\" style=\"left:65px;bottom:813px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities </div><div class=\"t s5_175\" id=\"t16_175\" style=\"left:663px;bottom:813px;letter-spacing:-0.12px;display:inline;\">543 </div><div class=\"t s2_175\" id=\"t17_175\" style=\"left:752px;bottom:813px;letter-spacing:-0.59px;display:inline;\">576 </div><div class=\"t s2_175\" id=\"t18_175\" style=\"left:838px;bottom:813px;letter-spacing:0.03px;display:inline;\">460 </div>\n<div class=\"t s2_175\" id=\"t19_175\" style=\"left:65px;bottom:794px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t s5_175\" id=\"t1a_175\" style=\"left:652px;bottom:794px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t s2_175\" id=\"t1b_175\" style=\"left:742px;bottom:794px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t s2_175\" id=\"t1c_175\" style=\"left:829px;bottom:794px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t s2_175\" id=\"t1d_175\" style=\"left:65px;bottom:776px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine Joint Repair </div><div class=\"t s5_175\" id=\"t1e_175\" style=\"left:664px;bottom:776px;letter-spacing:-0.36px;display:inline;\">870 </div><div class=\"t s2_175\" id=\"t1f_175\" style=\"left:752px;bottom:776px;letter-spacing:-0.18px;display:inline;\">839 </div><div class=\"t s2_175\" id=\"t1g_175\" style=\"left:839px;bottom:776px;letter-spacing:-0.56px;display:inline;\">710 </div>\n<div class=\"t s2_175\" id=\"t1h_175\" style=\"left:65px;bottom:757px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Arthroscopic Enabling Technologies </div><div class=\"t s5_175\" id=\"t1i_175\" style=\"left:664px;bottom:757px;letter-spacing:-0.34px;display:inline;\">567 </div><div class=\"t s2_175\" id=\"t1j_175\" style=\"left:752px;bottom:757px;letter-spacing:-0.23px;display:inline;\">590 </div><div class=\"t s2_175\" id=\"t1k_175\" style=\"left:840px;bottom:757px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s2_175\" id=\"t1l_175\" style=\"left:65px;bottom:739px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">ENT (Ear, Nose and Throat) </div><div class=\"t s5_175\" id=\"t1m_175\" style=\"left:663px;bottom:739px;letter-spacing:-0.31px;display:inline;\">153 </div><div class=\"t s2_175\" id=\"t1n_175\" style=\"left:752px;bottom:739px;letter-spacing:-0.39px;display:inline;\">131 </div><div class=\"t s2_175\" id=\"t1o_175\" style=\"left:838px;bottom:739px;letter-spacing:-0.28px;display:inline;\">106 </div>\n<div class=\"t s2_175\" id=\"t1p_175\" style=\"left:65px;bottom:721px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t1q_175\" style=\"left:651px;bottom:721px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t s2_175\" id=\"t1r_175\" style=\"left:741px;bottom:721px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t s2_175\" id=\"t1s_175\" style=\"left:828px;bottom:721px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t s2_175\" id=\"t1t_175\" style=\"left:65px;bottom:702px;letter-spacing:0.14px;word-spacing:-0.08px;display:inline;\">Advanced Wound Care </div><div class=\"t s5_175\" id=\"t1u_175\" style=\"left:664px;bottom:702px;letter-spacing:-0.4px;display:inline;\">712 </div><div class=\"t s2_175\" id=\"t1v_175\" style=\"left:752px;bottom:702px;letter-spacing:-0.42px;display:inline;\">731 </div><div class=\"t s2_175\" id=\"t1w_175\" style=\"left:838px;bottom:702px;letter-spacing:-0.27px;display:inline;\">647 </div>\n<div class=\"t s2_175\" id=\"t1x_175\" style=\"left:65px;bottom:684px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Advanced Wound Bioactives </div><div class=\"t s5_175\" id=\"t1y_175\" style=\"left:664px;bottom:684px;letter-spacing:-0.39px;display:inline;\">520 </div><div class=\"t s2_175\" id=\"t1z_175\" style=\"left:752px;bottom:684px;letter-spacing:-0.17px;display:inline;\">496 </div><div class=\"t s2_175\" id=\"t20_175\" style=\"left:839px;bottom:684px;letter-spacing:-0.45px;display:inline;\">431 </div>\n<div class=\"t s2_175\" id=\"t21_175\" style=\"left:65px;bottom:665px;letter-spacing:0.15px;word-spacing:-0.09px;display:inline;\">Advanced Wound Devices </div><div class=\"t s5_175\" id=\"t22_175\" style=\"left:663px;bottom:665px;letter-spacing:-0.11px;display:inline;\">280 </div><div class=\"t s2_175\" id=\"t23_175\" style=\"left:752px;bottom:665px;letter-spacing:-0.41px;display:inline;\">269 </div><div class=\"t s2_175\" id=\"t24_175\" style=\"left:839px;bottom:665px;letter-spacing:-0.37px;display:inline;\">232 </div>\n<div class=\"t s2_175\" id=\"t25_175\" style=\"left:65px;bottom:647px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t26_175\" style=\"left:652px;bottom:647px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t27_175\" style=\"left:741px;bottom:647px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t28_175\" style=\"left:828px;bottom:647px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t29_175\" style=\"left:65px;bottom:628px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Consolidated revenue from continuing operations </div><div class=\"t s5_175\" id=\"t2a_175\" style=\"left:652px;bottom:628px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t2b_175\" style=\"left:742px;bottom:628px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t2c_175\" style=\"left:827px;bottom:628px;display:inline;\">4,560 </div>\n<div class=\"t s2_175\" id=\"t2d_175\" style=\"left:65px;bottom:600px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by geographic market and product category. The disaggregation of </div>\n<div class=\"t s2_175\" id=\"t2e_175\" style=\"left:65px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">revenue into the two product categories below re\ufb02ects that in general the products in the Advanced Wound Management franchises </div>\n<div class=\"t s2_175\" id=\"t2f_175\" style=\"left:65px;bottom:569px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are sold to wholesalers and intermediaries, while products in the other franchises are sold directly to hospitals, ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2g_175\" style=\"left:65px;bottom:554px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">centers and distributors. The further disaggregation of revenue by Established Markets and Emerging Markets re\ufb02ects that in general our </div>\n<div class=\"t s2_175\" id=\"t2h_175\" style=\"left:65px;bottom:538px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">products are sold through distributors and intermediaries in the Emerging Markets while in the Established Markets, with the exception </div>\n<div class=\"t s2_175\" id=\"t2i_175\" style=\"left:65px;bottom:523px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">of the Advanced Wound Care and Bioactives product franchises, products are in general sold direct to hospitals and ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2j_175\" style=\"left:65px;bottom:508px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">centers. The disaggregation by Established Markets and Emerging Markets also re\ufb02ects their di\ufb00ering economic factors including </div>\n<div class=\"t s2_175\" id=\"t2k_175\" style=\"left:65px;bottom:493px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">volatility in growth and outlook. </div>\n<div class=\"t s3_175\" id=\"t2l_175\" style=\"left:449px;bottom:470px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t2m_175\" style=\"left:640px;bottom:470px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t2n_175\" style=\"left:835px;bottom:470px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t2o_175\" style=\"left:302px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2p_175\" style=\"left:319px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2q_175\" style=\"left:360px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2r_175\" style=\"left:373px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2s_175\" style=\"left:379px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2t_175\" style=\"left:451px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t2u_175\" style=\"left:492px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2v_175\" style=\"left:510px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2w_175\" style=\"left:550px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2x_175\" style=\"left:564px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2y_175\" style=\"left:570px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2z_175\" style=\"left:641px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t30_175\" style=\"left:683px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t31_175\" style=\"left:700px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t32_175\" style=\"left:741px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t33_175\" style=\"left:754px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t34_175\" style=\"left:760px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t35_175\" style=\"left:836px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t36_175\" style=\"left:290px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t37_175\" style=\"left:292px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t38_175\" style=\"left:295px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t39_175\" style=\"left:297px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3a_175\" style=\"left:317px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3b_175\" style=\"left:364px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3c_175\" style=\"left:366px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3d_175\" style=\"left:368px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3e_175\" style=\"left:371px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3f_175\" style=\"left:427px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3g_175\" style=\"left:429px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3h_175\" style=\"left:431px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3i_175\" style=\"left:481px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3j_175\" style=\"left:483px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3k_175\" style=\"left:485px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3l_175\" style=\"left:488px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3m_175\" style=\"left:508px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3n_175\" style=\"left:554px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3o_175\" style=\"left:557px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3p_175\" style=\"left:559px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3q_175\" style=\"left:561px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3r_175\" style=\"left:617px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3s_175\" style=\"left:620px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3t_175\" style=\"left:622px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3u_175\" style=\"left:671px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3v_175\" style=\"left:674px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3w_175\" style=\"left:676px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3x_175\" style=\"left:678px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3y_175\" style=\"left:698px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3z_175\" style=\"left:745px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t40_175\" style=\"left:747px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t41_175\" style=\"left:750px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t42_175\" style=\"left:752px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t43_175\" style=\"left:808px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t44_175\" style=\"left:810px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t45_175\" style=\"left:813px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million </div>\n<div class=\"t s2_175\" id=\"t46_175\" style=\"left:65px;bottom:410px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Orthopaedics, Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t47_175\" style=\"left:322px;bottom:410px;letter-spacing:-0.01px;display:inline;\">2,949 </div><div class=\"t s5_175\" id=\"t48_175\" style=\"left:395px;bottom:410px;letter-spacing:-0.25px;display:inline;\">754 </div><div class=\"t s5_175\" id=\"t49_175\" style=\"left:440px;bottom:410px;letter-spacing:-0.25px;display:inline;\">3,703 </div><div class=\"t s2_175\" id=\"t4a_175\" style=\"left:516px;bottom:410px;letter-spacing:-0.24px;display:inline;\">2,969 </div><div class=\"t s2_175\" id=\"t4b_175\" style=\"left:589px;bottom:410px;letter-spacing:-0.96px;display:inline;\">747 </div><div class=\"t s2_175\" id=\"t4c_175\" style=\"left:634px;bottom:410px;letter-spacing:-0.41px;display:inline;\">3,716 </div><div class=\"t s2_175\" id=\"t4d_175\" style=\"left:708px;bottom:410px;letter-spacing:-0.39px;display:inline;\">2,619 </div><div class=\"t s2_175\" id=\"t4e_175\" style=\"left:778px;bottom:410px;letter-spacing:-0.41px;display:inline;\">631 </div><div class=\"t s2_175\" id=\"t4f_175\" style=\"left:828px;bottom:410px;letter-spacing:-0.06px;display:inline;\">3,250 </div>\n<div class=\"t s2_175\" id=\"t4g_175\" style=\"left:65px;bottom:391px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t4h_175\" style=\"left:323px;bottom:391px;letter-spacing:-0.15px;display:inline;\">1,319 </div><div class=\"t s5_175\" id=\"t4i_175\" style=\"left:395px;bottom:391px;letter-spacing:-0.43px;display:inline;\">193 </div><div class=\"t s5_175\" id=\"t4j_175\" style=\"left:440px;bottom:391px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t4k_175\" style=\"left:516px;bottom:391px;letter-spacing:-0.23px;display:inline;\">1,327 </div><div class=\"t s2_175\" id=\"t4l_175\" style=\"left:588px;bottom:391px;letter-spacing:-0.52px;display:inline;\">169 </div><div class=\"t s2_175\" id=\"t4m_175\" style=\"left:633px;bottom:391px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t4n_175\" style=\"left:708px;bottom:391px;letter-spacing:-0.51px;display:inline;\">1,170 </div><div class=\"t s2_175\" id=\"t4o_175\" style=\"left:778px;bottom:391px;letter-spacing:-0.3px;display:inline;\">140 </div><div class=\"t s2_175\" id=\"t4p_175\" style=\"left:828px;bottom:391px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t4q_175\" style=\"left:65px;bottom:373px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t s5_175\" id=\"t4r_175\" style=\"left:322px;bottom:373px;letter-spacing:-0.03px;display:inline;\">4,268 </div><div class=\"t s5_175\" id=\"t4s_175\" style=\"left:395px;bottom:373px;letter-spacing:-0.35px;display:inline;\">947 </div><div class=\"t s5_175\" id=\"t4t_175\" style=\"left:440px;bottom:373px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t4u_175\" style=\"left:516px;bottom:373px;letter-spacing:-0.05px;display:inline;\">4,296 </div><div class=\"t s2_175\" id=\"t4v_175\" style=\"left:588px;bottom:373px;letter-spacing:-0.67px;display:inline;\">916 </div><div class=\"t s2_175\" id=\"t4w_175\" style=\"left:633px;bottom:373px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t4x_175\" style=\"left:707px;bottom:373px;letter-spacing:-0.26px;display:inline;\">3,789 </div><div class=\"t s2_175\" id=\"t4y_175\" style=\"left:778px;bottom:373px;letter-spacing:-0.3px;display:inline;\">771 </div><div class=\"t s2_175\" id=\"t4z_175\" style=\"left:827px;bottom:373px;display:inline;\">4,560 </div>\n<div class=\"t s7_175\" id=\"t50_175\" style=\"left:65px;bottom:349px;display:inline;\">1 </div><div class=\"t s7_175\" id=\"t51_175\" style=\"left:78px;bottom:349px;letter-spacing:0.16px;word-spacing:-0.17px;display:inline;\">Established Markets comprises the US, Australia, Canada, Europe, Japan and New Zealand. </div>\n<div class=\"t s2_175\" id=\"t52_175\" style=\"left:65px;bottom:323px;letter-spacing:-0.24px;word-spacing:0.14px;display:inline;\">US revenue for 2022 was $2,764m (2021: $2,658m, 2020: $2,339m), China revenue for 2022 was $319m (2021: $352m, 2020: $318m) </div>\n<div class=\"t s2_175\" id=\"t53_175\" style=\"left:65px;bottom:308px;letter-spacing:-0.09px;word-spacing:0.14px;display:inline;\">and\u00a0UK revenue for 2022 was $186m (2021: $189m, 2020: $166m). </div>\n<div class=\"t s8_175\" id=\"t54_175\" style=\"left:831px;bottom:11px;letter-spacing:-1.44px;display:inline;\">173 </div><div class=\"t s9_175\" id=\"t55_175\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_175\" id=\"t56_175\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_175\" id=\"t57_175\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_175\" id=\"t58_175\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_175\" id=\"t59_175\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_175\" id=\"t5a_175\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_176\" id=\"t1_176\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_176\" id=\"t2_176\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_176\" id=\"t3_176\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_176\" id=\"t4_176\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_176\" id=\"t5_176\" style=\"left:43px;bottom:956px;display:inline;\">2 </div><div class=\"t s6_176\" id=\"t6_176\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Business segment information </div><div class=\"t s7_176\" id=\"t7_176\" style=\"left:266px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_176\" id=\"t8_176\" style=\"left:43px;bottom:938px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Contract assets and liabilities </div>\n<div class=\"t s9_176\" id=\"t9_176\" style=\"left:43px;bottom:921px;word-spacing:-0.11px;display:inline;\">The nature of our products and services do not generally give rise to contract assets as we do not typically incur costs to ful\ufb01l a contract </div>\n<div class=\"t s9_176\" id=\"ta_176\" style=\"left:43px;bottom:906px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">before a product or service is provided to the customer. The Group generally satis\ufb01es performance obligations within one year from </div>\n<div class=\"t s9_176\" id=\"tb_176\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the contract inception date. There was no material revenue recognised in the current reporting period that related to carried-forward </div>\n<div class=\"t s9_176\" id=\"tc_176\" style=\"left:43px;bottom:875px;letter-spacing:-0.04px;word-spacing:-0.08px;display:inline;\">contract liabilities (deferred income) or performance obligations satis\ufb01ed in the previous year. There is no material revenue that is likely to </div>\n<div class=\"t s9_176\" id=\"td_176\" style=\"left:43px;bottom:860px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">arise in future periods from unsatis\ufb01ed performance obligations at the balance sheet date. Therefore, there are no associated signi\ufb01cant </div>\n<div class=\"t s9_176\" id=\"te_176\" style=\"left:43px;bottom:845px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">accrued income and deferred income balances at 31 December 2022. As of 31 December 2022, contract assets principally comprise </div>\n<div class=\"t s9_176\" id=\"tf_176\" style=\"left:43px;bottom:829px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">trade receivables and contract liabilities principally comprise rebates (as described in the accounting policy above). The accrual for </div>\n<div class=\"t s9_176\" id=\"tg_176\" style=\"left:43px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">rebates at 31 December 2022 was $103m (2021: $97m) with $369m being recognised in revenue in 2022. </div>\n<div class=\"t s8_176\" id=\"th_176\" style=\"left:43px;bottom:790px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Major customers </div>\n<div class=\"t s9_176\" id=\"ti_176\" style=\"left:43px;bottom:772px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">No single customer generates revenue greater than 10% of the consolidated revenue. </div>\n<div class=\"t sa_176\" id=\"tj_176\" style=\"left:43px;bottom:747px;letter-spacing:-0.15px;display:inline;\">2.2 </div><div class=\"t sb_176\" id=\"tk_176\" style=\"left:66px;bottom:747px;letter-spacing:-0.2px;word-spacing:-0.06px;display:inline;\">Trading and operating pro\ufb01t by business segment </div>\n<div class=\"t s9_176\" id=\"tl_176\" style=\"left:43px;bottom:730px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Trading pro\ufb01t is a trend measure which presents the pro\ufb01tability of the Group excluding the impact of speci\ufb01c transactions that </div>\n<div class=\"t s9_176\" id=\"tm_176\" style=\"left:43px;bottom:715px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">management considers a\ufb00ect the Group\u2019s short-term pro\ufb01tability and the comparability of results. The Group presents this measure </div>\n<div class=\"t s9_176\" id=\"tn_176\" style=\"left:43px;bottom:700px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">to\u00a0assist investors in their understanding of trends. The Group has identi\ufb01ed the following items, where material, as those to be excluded </div>\n<div class=\"t s9_176\" id=\"to_176\" style=\"left:43px;bottom:684px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">from operating pro\ufb01t when arriving at trading pro\ufb01t: acquisition and disposal-related items; signi\ufb01cant restructuring programmes; </div>\n<div class=\"t s9_176\" id=\"tp_176\" style=\"left:43px;bottom:669px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">amortisation and impairment of acquisition intangibles; gains and losses arising from legal disputes; and other signi\ufb01cant items. </div>\n<div class=\"t s9_176\" id=\"tq_176\" style=\"left:43px;bottom:654px;letter-spacing:0.07px;word-spacing:-0.06px;display:inline;\">Further detail is\u00a0provided in Notes 2.3, 2.4, 2.5 and 2.6. </div>\n<div class=\"t s9_176\" id=\"tr_176\" style=\"left:43px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Segment trading pro\ufb01t is reconciled to the statutory measure below: </div>\n<div class=\"t sc_176\" id=\"ts_176\" style=\"left:640px;bottom:608px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sc_176\" id=\"tt_176\" style=\"left:727px;bottom:608px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sc_176\" id=\"tu_176\" style=\"left:813px;bottom:608px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t sc_176\" id=\"tv_176\" style=\"left:585px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tw_176\" style=\"left:587px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tx_176\" style=\"left:589px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"ty_176\" style=\"left:592px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tz_176\" style=\"left:625px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_176\" id=\"t10_176\" style=\"left:671px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t11_176\" style=\"left:674px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t12_176\" style=\"left:676px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t13_176\" style=\"left:678px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t14_176\" style=\"left:711px;bottom:595px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$ million\u00a0</div><div class=\"t sc_176\" id=\"t15_176\" style=\"left:760px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t16_176\" style=\"left:763px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t17_176\" style=\"left:765px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t18_176\" style=\"left:798px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sd_176\" id=\"t19_176\" style=\"left:48px;bottom:576px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Segment pro\ufb01t </div>\n<div class=\"t s9_176\" id=\"t1a_176\" style=\"left:43px;bottom:557px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t se_176\" id=\"t1b_176\" style=\"left:641px;bottom:557px;letter-spacing:-0.12px;display:inline;\">383 </div><div class=\"t s9_176\" id=\"t1c_176\" style=\"left:730px;bottom:557px;letter-spacing:-0.22px;display:inline;\">367 </div><div class=\"t s9_176\" id=\"t1d_176\" style=\"left:816px;bottom:557px;letter-spacing:-0.08px;display:inline;\">389 </div>\n<div class=\"t s9_176\" id=\"t1e_176\" style=\"left:43px;bottom:539px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t se_176\" id=\"t1f_176\" style=\"left:642px;bottom:539px;letter-spacing:-0.44px;display:inline;\">472 </div><div class=\"t s9_176\" id=\"t1g_176\" style=\"left:730px;bottom:539px;letter-spacing:-0.4px;display:inline;\">459 </div><div class=\"t s9_176\" id=\"t1h_176\" style=\"left:816px;bottom:539px;letter-spacing:0.04px;display:inline;\">306 </div>\n<div class=\"t s9_176\" id=\"t1i_176\" style=\"left:43px;bottom:520px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t se_176\" id=\"t1j_176\" style=\"left:641px;bottom:520px;letter-spacing:-0.16px;display:inline;\">436 </div><div class=\"t s9_176\" id=\"t1k_176\" style=\"left:732px;bottom:520px;letter-spacing:-0.96px;display:inline;\">474 </div><div class=\"t s9_176\" id=\"t1l_176\" style=\"left:818px;bottom:520px;letter-spacing:-0.64px;display:inline;\">316 </div>\n<div class=\"t s9_176\" id=\"t1m_176\" style=\"left:43px;bottom:502px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Segment trading pro\ufb01t </div><div class=\"t se_176\" id=\"t1n_176\" style=\"left:630px;bottom:502px;letter-spacing:-0.12px;display:inline;\">1,291 </div><div class=\"t s9_176\" id=\"t1o_176\" style=\"left:719px;bottom:502px;letter-spacing:0.09px;display:inline;\">1,300 </div><div class=\"t s9_176\" id=\"t1p_176\" style=\"left:807px;bottom:502px;letter-spacing:-0.33px;display:inline;\">1,011 </div>\n<div class=\"t s9_176\" id=\"t1q_176\" style=\"left:43px;bottom:484px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Corporate costs </div><div class=\"t se_176\" id=\"t1r_176\" style=\"left:636px;bottom:484px;letter-spacing:-0.09px;display:inline;\">(390) </div><div class=\"t s9_176\" id=\"t1s_176\" style=\"left:726px;bottom:484px;display:inline;\">(364) </div><div class=\"t s9_176\" id=\"t1t_176\" style=\"left:813px;bottom:484px;letter-spacing:-0.24px;display:inline;\">(328) </div>\n<div class=\"t s9_176\" id=\"t1u_176\" style=\"left:43px;bottom:465px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group trading pro\ufb01t </div><div class=\"t se_176\" id=\"t1v_176\" style=\"left:642px;bottom:465px;letter-spacing:-0.18px;display:inline;\">901 </div><div class=\"t s9_176\" id=\"t1w_176\" style=\"left:730px;bottom:465px;letter-spacing:-0.31px;display:inline;\">936 </div><div class=\"t s9_176\" id=\"t1x_176\" style=\"left:816px;bottom:465px;letter-spacing:-0.06px;display:inline;\">683 </div>\n<div class=\"t s9_176\" id=\"t1y_176\" style=\"left:43px;bottom:447px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div><div class=\"t se_176\" id=\"t1z_176\" style=\"left:654px;bottom:447px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t s9_176\" id=\"t20_176\" style=\"left:741px;bottom:447px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s9_176\" id=\"t21_176\" style=\"left:829px;bottom:447px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s9_176\" id=\"t22_176\" style=\"left:43px;bottom:428px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Restructuring and rationalisation expenses </div><div class=\"t se_176\" id=\"t23_176\" style=\"left:637px;bottom:428px;letter-spacing:-0.27px;display:inline;\">(167) </div><div class=\"t s9_176\" id=\"t24_176\" style=\"left:727px;bottom:428px;letter-spacing:-0.28px;display:inline;\">(113) </div><div class=\"t s9_176\" id=\"t25_176\" style=\"left:814px;bottom:428px;letter-spacing:-0.35px;display:inline;\">(124) </div>\n<div class=\"t s9_176\" id=\"t26_176\" style=\"left:43px;bottom:410px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Amortisation and impairment of acquisition intangibles </div><div class=\"t se_176\" id=\"t27_176\" style=\"left:636px;bottom:410px;letter-spacing:-0.13px;display:inline;\">(205) </div><div class=\"t s9_176\" id=\"t28_176\" style=\"left:727px;bottom:410px;letter-spacing:-0.42px;display:inline;\">(172) </div><div class=\"t s9_176\" id=\"t29_176\" style=\"left:815px;bottom:410px;letter-spacing:-0.58px;display:inline;\">(171) </div>\n<div class=\"t s9_176\" id=\"t2a_176\" style=\"left:43px;bottom:391px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Legal and other </div><div class=\"t se_176\" id=\"t2b_176\" style=\"left:645px;bottom:391px;letter-spacing:-0.19px;display:inline;\">(75) </div><div class=\"t s9_176\" id=\"t2c_176\" style=\"left:735px;bottom:391px;letter-spacing:-0.4px;display:inline;\">(51) </div><div class=\"t s9_176\" id=\"t2d_176\" style=\"left:821px;bottom:391px;letter-spacing:-0.18px;display:inline;\">(89) </div>\n<div class=\"t sd_176\" id=\"t2e_176\" style=\"left:43px;bottom:373px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Group operating pro\ufb01t </div><div class=\"t se_176\" id=\"t2f_176\" style=\"left:642px;bottom:373px;letter-spacing:-0.19px;display:inline;\">450 </div><div class=\"t s9_176\" id=\"t2g_176\" style=\"left:731px;bottom:373px;letter-spacing:-0.53px;display:inline;\">593 </div><div class=\"t s9_176\" id=\"t2h_176\" style=\"left:817px;bottom:373px;letter-spacing:-0.22px;display:inline;\">295 </div>\n<div class=\"t sa_176\" id=\"t2i_176\" style=\"left:43px;bottom:343px;letter-spacing:-0.07px;display:inline;\">2.3 </div><div class=\"t sb_176\" id=\"t2j_176\" style=\"left:67px;bottom:343px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div>\n<div class=\"t s9_176\" id=\"t2k_176\" style=\"left:43px;bottom:326px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year to 31 December 2022, costs primarily relate to the acquisition of Engage and prior year acquisitions, partially o\ufb00set </div>\n<div class=\"t s9_176\" id=\"t2l_176\" style=\"left:43px;bottom:311px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by\u00a0credits relating to remeasurement of deferred and contingent consideration for prior year acquisitions. </div>\n<div class=\"t s9_176\" id=\"t2m_176\" style=\"left:43px;bottom:287px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">For the year to 31 December 2021, costs primarily relate to the acquisition of Extremity Orthopaedics and prior year acquisitions, </div>\n<div class=\"t s9_176\" id=\"t2n_176\" style=\"left:43px;bottom:272px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">partially o\ufb00set by credits\u00a0relating to remeasurement of contingent consideration for prior year acquisitions. </div>\n<div class=\"t s9_176\" id=\"t2o_176\" style=\"left:43px;bottom:248px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">For the year to 31 December 2020, costs primarily relate to the acquisitions of Tusker and prior year acquisitions, partially o\ufb00set </div>\n<div class=\"t s9_176\" id=\"t2p_176\" style=\"left:43px;bottom:232px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by\u00a0credits relating to remeasurement of contingent consideration from prior year acquisitions. </div>\n<div class=\"t sa_176\" id=\"t2q_176\" style=\"left:43px;bottom:208px;letter-spacing:-0.22px;display:inline;\">2.4 </div><div class=\"t sb_176\" id=\"t2r_176\" style=\"left:66px;bottom:208px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Restructuring and rationalisation costs </div>\n<div class=\"t s9_176\" id=\"t2s_176\" style=\"left:43px;bottom:190px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, these costs include e\ufb03ciency and productivity elements of the 12-point plan. </div>\n<div class=\"t s9_176\" id=\"t2t_176\" style=\"left:43px;bottom:166px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">For the years ended 31 December 2022, 2021 and 2020, these costs also relate to the Operations and Commercial </div>\n<div class=\"t s9_176\" id=\"t2u_176\" style=\"left:43px;bottom:151px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Excellence programme. </div>\n<div class=\"t s9_176\" id=\"t2v_176\" style=\"left:43px;bottom:127px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">For the years ended 31 December 2021 and 2020, the costs also include the implementation of the Accelerating Performance </div>\n<div class=\"t s9_176\" id=\"t2w_176\" style=\"left:43px;bottom:112px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">and\u00a0Execution (APEX) programme that was announced in February 2018. </div>\n<div class=\"t sf_176\" id=\"t2x_176\" style=\"left:43px;bottom:11px;letter-spacing:-2.38px;display:inline;\">174 </div><div class=\"t sg_176\" id=\"t2y_176\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_176\" id=\"t2z_176\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_177\" id=\"t1_177\" style=\"left:65px;bottom:957px;letter-spacing:-0.12px;display:inline;\">2.5 </div><div class=\"t s2_177\" id=\"t2_177\" style=\"left:88px;bottom:957px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Amortisation and impairment of acquisition intangibles </div>\n<div class=\"t s3_177\" id=\"t3_177\" style=\"left:65px;bottom:940px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">For the years ended 31 December 2022, 2021 and 2020, these costs relate to the amortisation and impairment of intangible assets </div>\n<div class=\"t s3_177\" id=\"t4_177\" style=\"left:65px;bottom:925px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">acquired in material business combinations. </div>\n<div class=\"t s1_177\" id=\"t5_177\" style=\"left:65px;bottom:900px;letter-spacing:-0.29px;display:inline;\">2.6 </div><div class=\"t s2_177\" id=\"t6_177\" style=\"left:88px;bottom:900px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Legal and other </div>\n<div class=\"t s3_177\" id=\"t7_177\" style=\"left:65px;bottom:883px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims and an increase </div>\n<div class=\"t s3_177\" id=\"t8_177\" style=\"left:65px;bottom:868px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">of $19m in the provision that re\ufb02ects the present value of the estimated costs to resolve all other known and anticipated metal-on-metal </div>\n<div class=\"t s3_177\" id=\"t9_177\" style=\"left:65px;bottom:852px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">hip claims. These charges in the year to 31 December 2022 were partially o\ufb00set by a credit of $7m relating to insurance recoveries for </div>\n<div class=\"t s3_177\" id=\"ta_177\" style=\"left:65px;bottom:837px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">ongoing metal-on-metal hip claims. </div>\n<div class=\"t s3_177\" id=\"tb_177\" style=\"left:65px;bottom:813px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2021, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims. These charges </div>\n<div class=\"t s3_177\" id=\"tc_177\" style=\"left:65px;bottom:798px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">in the year to 31 December 2021 were partially o\ufb00set by a credit of $35m relating to insurance recoveries for ongoing metal-on-metal </div>\n<div class=\"t s3_177\" id=\"td_177\" style=\"left:65px;bottom:783px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">hip claims. </div>\n<div class=\"t s3_177\" id=\"te_177\" style=\"left:65px;bottom:759px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2020, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims and an increase </div>\n<div class=\"t s3_177\" id=\"tf_177\" style=\"left:65px;bottom:743px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">of $17m in the provision that re\ufb02ects the present value of the estimated costs to resolve all other known and anticipated metal-on-metal </div>\n<div class=\"t s3_177\" id=\"tg_177\" style=\"left:65px;bottom:728px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">hip claims. </div>\n<div class=\"t s3_177\" id=\"th_177\" style=\"left:65px;bottom:704px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The years ended 31 December 2022, 2021 and 2020 also include costs for implementing the requirements of the EU Medical Device </div>\n<div class=\"t s3_177\" id=\"ti_177\" style=\"left:65px;bottom:689px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">Regulation which came into e\ufb00ect in May 2021 with a transition period to May 2024. </div>\n<div class=\"t s1_177\" id=\"tj_177\" style=\"left:65px;bottom:664px;letter-spacing:-0.45px;display:inline;\">2.7 </div><div class=\"t s2_177\" id=\"tk_177\" style=\"left:87px;bottom:664px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Non-current assets by geography </div>\n<div class=\"t s3_177\" id=\"tl_177\" style=\"left:65px;bottom:647px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The following table presents the non-current assets of the Group based on their location: </div>\n<div class=\"t s4_177\" id=\"tm_177\" style=\"left:662px;bottom:625px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_177\" id=\"tn_177\" style=\"left:748px;bottom:625px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_177\" id=\"to_177\" style=\"left:835px;bottom:625px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_177\" id=\"tp_177\" style=\"left:606px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tq_177\" style=\"left:609px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tr_177\" style=\"left:611px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"ts_177\" style=\"left:613px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tt_177\" style=\"left:646px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"tu_177\" style=\"left:693px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tv_177\" style=\"left:695px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tw_177\" style=\"left:698px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tx_177\" style=\"left:700px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"ty_177\" style=\"left:733px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"tz_177\" style=\"left:780px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t10_177\" style=\"left:782px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t11_177\" style=\"left:784px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t12_177\" style=\"left:787px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t13_177\" style=\"left:820px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"t14_177\" style=\"left:866px;bottom:612px;display:inline;\">\u00a0</div>\n<div class=\"t s3_177\" id=\"t15_177\" style=\"left:65px;bottom:593px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">United Kingdom </div><div class=\"t s5_177\" id=\"t16_177\" style=\"left:663px;bottom:593px;letter-spacing:-0.16px;display:inline;\">487 </div><div class=\"t s3_177\" id=\"t17_177\" style=\"left:752px;bottom:593px;letter-spacing:-0.45px;display:inline;\">541 </div><div class=\"t s3_177\" id=\"t18_177\" style=\"left:838px;bottom:593px;letter-spacing:-0.13px;display:inline;\">403 </div>\n<div class=\"t s3_177\" id=\"t19_177\" style=\"left:65px;bottom:574px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">United States of America </div><div class=\"t s5_177\" id=\"t1a_177\" style=\"left:652px;bottom:574px;letter-spacing:-0.21px;display:inline;\">3,918 </div><div class=\"t s3_177\" id=\"t1b_177\" style=\"left:742px;bottom:574px;letter-spacing:-0.25px;display:inline;\">4,125 </div><div class=\"t s3_177\" id=\"t1c_177\" style=\"left:828px;bottom:574px;letter-spacing:-0.14px;display:inline;\">4,093 </div>\n<div class=\"t s3_177\" id=\"t1d_177\" style=\"left:65px;bottom:556px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_177\" id=\"t1e_177\" style=\"left:651px;bottom:556px;letter-spacing:0.02px;display:inline;\">1,387 </div><div class=\"t s3_177\" id=\"t1f_177\" style=\"left:741px;bottom:556px;letter-spacing:-0.16px;display:inline;\">1,447 </div><div class=\"t s3_177\" id=\"t1g_177\" style=\"left:829px;bottom:556px;letter-spacing:-0.44px;display:inline;\">1,517 </div>\n<div class=\"t s6_177\" id=\"t1h_177\" style=\"left:65px;bottom:538px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Total non-current assets of the consolidated Group </div>\n<div class=\"t s7_177\" id=\"t1i_177\" style=\"left:375px;bottom:545px;display:inline;\">1 </div>\n<div class=\"t s5_177\" id=\"t1j_177\" style=\"left:653px;bottom:538px;letter-spacing:-0.32px;display:inline;\">5,792 </div><div class=\"t s3_177\" id=\"t1k_177\" style=\"left:742px;bottom:538px;letter-spacing:-0.26px;display:inline;\">6,113 </div><div class=\"t s3_177\" id=\"t1l_177\" style=\"left:828px;bottom:538px;letter-spacing:-0.2px;display:inline;\">6,013 </div>\n<div class=\"t s8_177\" id=\"t1m_177\" style=\"left:65px;bottom:514px;display:inline;\">1 </div><div class=\"t s8_177\" id=\"t1n_177\" style=\"left:78px;bottom:514px;letter-spacing:0.17px;word-spacing:-0.18px;display:inline;\">Non-current assets exclude retirement bene\ufb01t assets and deferred tax assets. </div>\n<div class=\"t s9_177\" id=\"t1o_177\" style=\"left:65px;bottom:485px;display:inline;\">3 </div><div class=\"t sa_177\" id=\"t1p_177\" style=\"left:78px;bottom:485px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">Operating pro\ufb01t </div>\n<div class=\"t sb_177\" id=\"t1q_177\" style=\"left:74px;bottom:458px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_177\" id=\"t1r_177\" style=\"left:74px;bottom:440px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Research and development </div>\n<div class=\"t sd_177\" id=\"t1s_177\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Research expenditure is expensed as incurred. Internal development expenditure is only capitalised if the recognition criteria in </div>\n<div class=\"t sd_177\" id=\"t1t_177\" style=\"left:74px;bottom:407px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">IAS\u00a038 </div><div class=\"t se_177\" id=\"t1u_177\" style=\"left:116px;bottom:407px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible Assets </div><div class=\"t sd_177\" id=\"t1v_177\" style=\"left:215px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">have been satis\ufb01ed. The Group considers that the regulatory, technical and market uncertainties inherent </div>\n<div class=\"t sd_177\" id=\"t1w_177\" style=\"left:74px;bottom:392px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in\u00a0the development of new products mean that in most cases development costs should not be capitalised as intangible assets </div>\n<div class=\"t sd_177\" id=\"t1x_177\" style=\"left:74px;bottom:377px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">until\u00a0products receive approval from the appropriate regulatory body. </div>\n<div class=\"t sd_177\" id=\"t1y_177\" style=\"left:74px;bottom:353px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Payments to third parties for research and development projects are accounted for based on the substance of the arrangement. </div>\n<div class=\"t sd_177\" id=\"t1z_177\" style=\"left:74px;bottom:337px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">If the\u00a0arrangement represents outsourced research and development activities the payments are generally expensed except </div>\n<div class=\"t sd_177\" id=\"t20_177\" style=\"left:74px;bottom:322px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in limited circumstances where the respective development expenditure would be capitalised under the principles established </div>\n<div class=\"t sd_177\" id=\"t21_177\" style=\"left:74px;bottom:307px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0IAS\u00a038.\u00a0By contrast, the payments are capitalised if\u00a0the\u00a0arrangement represents consideration for the acquisition of intellectual </div>\n<div class=\"t sd_177\" id=\"t22_177\" style=\"left:74px;bottom:292px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">property developed at the risk of the third party. </div>\n<div class=\"t sd_177\" id=\"t23_177\" style=\"left:74px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Capitalised development expenditures are amortised on a straight-line basis over their useful economic lives from product launch. </div>\n<div class=\"t sc_177\" id=\"t24_177\" style=\"left:74px;bottom:243px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Advertising costs </div>\n<div class=\"t sd_177\" id=\"t25_177\" style=\"left:74px;bottom:226px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Advertising costs are expensed as incurred. </div>\n<div class=\"t sf_177\" id=\"t26_177\" style=\"left:831px;bottom:11px;letter-spacing:-1.54px;display:inline;\">175 </div><div class=\"t sg_177\" id=\"t27_177\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_177\" id=\"t28_177\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t si_177\" id=\"t29_177\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t si_177\" id=\"t2a_177\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sj_177\" id=\"t2b_177\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t si_177\" id=\"t2c_177\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_178\" id=\"t1_178\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_178\" id=\"t2_178\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_178\" id=\"t3_178\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_178\" id=\"t4_178\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_178\" id=\"t5_178\" style=\"left:43px;bottom:956px;display:inline;\">3 </div><div class=\"t s6_178\" id=\"t6_178\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Operating pro\ufb01t </div><div class=\"t s7_178\" id=\"t7_178\" style=\"left:170px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_178\" id=\"t8_178\" style=\"left:640px;bottom:941px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_178\" id=\"t9_178\" style=\"left:727px;bottom:941px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s8_178\" id=\"ta_178\" style=\"left:813px;bottom:941px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s8_178\" id=\"tb_178\" style=\"left:585px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tc_178\" style=\"left:587px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"td_178\" style=\"left:589px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"te_178\" style=\"left:592px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tf_178\" style=\"left:625px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tg_178\" style=\"left:671px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"th_178\" style=\"left:674px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"ti_178\" style=\"left:676px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tj_178\" style=\"left:678px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tk_178\" style=\"left:711px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tl_178\" style=\"left:758px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tm_178\" style=\"left:760px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tn_178\" style=\"left:763px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"to_178\" style=\"left:765px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tp_178\" style=\"left:798px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tq_178\" style=\"left:844px;bottom:929px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"tr_178\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;display:inline;\">Revenue </div><div class=\"t sa_178\" id=\"ts_178\" style=\"left:630px;bottom:909px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s9_178\" id=\"tt_178\" style=\"left:720px;bottom:909px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s9_178\" id=\"tu_178\" style=\"left:806px;bottom:909px;display:inline;\">4,560 </div>\n<div class=\"t s9_178\" id=\"tv_178\" style=\"left:43px;bottom:891px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Cost of goods sold </div>\n<div class=\"t sb_178\" id=\"tw_178\" style=\"left:150px;bottom:898px;display:inline;\">1 </div>\n<div class=\"t sa_178\" id=\"tx_178\" style=\"left:624px;bottom:891px;letter-spacing:0.01px;display:inline;\">(1,540) </div><div class=\"t s9_178\" id=\"ty_178\" style=\"left:716px;bottom:891px;letter-spacing:-0.12px;display:inline;\">(1,543) </div><div class=\"t s9_178\" id=\"tz_178\" style=\"left:802px;bottom:891px;letter-spacing:-0.03px;display:inline;\">(1,396) </div>\n<div class=\"t s9_178\" id=\"t10_178\" style=\"left:43px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Gross pro\ufb01t </div><div class=\"t sa_178\" id=\"t11_178\" style=\"left:631px;bottom:872px;letter-spacing:-0.24px;display:inline;\">3,675 </div><div class=\"t s9_178\" id=\"t12_178\" style=\"left:720px;bottom:872px;letter-spacing:-0.13px;display:inline;\">3,669 </div><div class=\"t s9_178\" id=\"t13_178\" style=\"left:807px;bottom:872px;letter-spacing:-0.24px;display:inline;\">3,164 </div>\n<div class=\"t s9_178\" id=\"t14_178\" style=\"left:43px;bottom:854px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Research and development expenses </div>\n<div class=\"t sb_178\" id=\"t15_178\" style=\"left:262px;bottom:861px;display:inline;\">2 </div>\n<div class=\"t sa_178\" id=\"t16_178\" style=\"left:637px;bottom:854px;letter-spacing:-0.15px;display:inline;\">(345) </div><div class=\"t s9_178\" id=\"t17_178\" style=\"left:726px;bottom:854px;letter-spacing:-0.04px;display:inline;\">(356) </div><div class=\"t s9_178\" id=\"t18_178\" style=\"left:812px;bottom:854px;letter-spacing:-0.01px;display:inline;\">(307) </div>\n<div class=\"t s9_178\" id=\"t19_178\" style=\"left:43px;bottom:835px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Selling, general and administrative expenses: </div><div class=\"t sa_178\" id=\"t1a_178\" style=\"left:655px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t sa_178\" id=\"t1b_178\" style=\"left:658px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1c_178\" style=\"left:742px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1d_178\" style=\"left:745px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1e_178\" style=\"left:828px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1f_178\" style=\"left:831px;bottom:835px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"t1g_178\" style=\"left:56px;bottom:817px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Marketing, selling and distribution expenses </div><div class=\"t sa_178\" id=\"t1h_178\" style=\"left:624px;bottom:817px;display:inline;\">(2,066) </div><div class=\"t s9_178\" id=\"t1i_178\" style=\"left:716px;bottom:817px;letter-spacing:-0.19px;display:inline;\">(2,013) </div><div class=\"t s9_178\" id=\"t1j_178\" style=\"left:803px;bottom:817px;letter-spacing:-0.23px;display:inline;\">(1,773) </div>\n<div class=\"t s9_178\" id=\"t1k_178\" style=\"left:56px;bottom:798px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Administrative expenses </div>\n<div class=\"t sb_178\" id=\"t1l_178\" style=\"left:201px;bottom:805px;letter-spacing:-0.08px;display:inline;\">3,4,5,6 </div>\n<div class=\"t sa_178\" id=\"t1m_178\" style=\"left:637px;bottom:798px;letter-spacing:-0.31px;display:inline;\">(814) </div><div class=\"t s9_178\" id=\"t1n_178\" style=\"left:726px;bottom:798px;letter-spacing:-0.05px;display:inline;\">(707) </div><div class=\"t s9_178\" id=\"t1o_178\" style=\"left:813px;bottom:798px;letter-spacing:-0.1px;display:inline;\">(789) </div>\n<div class=\"t sa_178\" id=\"t1p_178\" style=\"left:624px;bottom:780px;letter-spacing:0.05px;display:inline;\">(2,880) </div><div class=\"t s9_178\" id=\"t1q_178\" style=\"left:716px;bottom:780px;letter-spacing:-0.21px;display:inline;\">(2,720) </div><div class=\"t s9_178\" id=\"t1r_178\" style=\"left:803px;bottom:780px;letter-spacing:-0.14px;display:inline;\">(2,562) </div>\n<div class=\"t sc_178\" id=\"t1s_178\" style=\"left:43px;bottom:762px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Operating pro\ufb01t </div><div class=\"t sa_178\" id=\"t1t_178\" style=\"left:642px;bottom:762px;letter-spacing:-0.19px;display:inline;\">450 </div><div class=\"t s9_178\" id=\"t1u_178\" style=\"left:731px;bottom:762px;letter-spacing:-0.53px;display:inline;\">593 </div><div class=\"t s9_178\" id=\"t1v_178\" style=\"left:817px;bottom:762px;letter-spacing:-0.22px;display:inline;\">295 </div>\n<div class=\"t sd_178\" id=\"t1w_178\" style=\"left:43px;bottom:738px;display:inline;\">1 </div><div class=\"t sd_178\" id=\"t1x_178\" style=\"left:56px;bottom:738px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">2022 includes $4m charge relating to legal and other items, $20m charge relating to restructuring and rationalisation expenses and $5m charges relating to acquisition and disposal-related </div>\n<div class=\"t sd_178\" id=\"t1y_178\" style=\"left:56px;bottom:725px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">items (2021: $7m charge relating to legal and other items and $29m charge relating to restructuring and rationalisation expenses, 2020: $6m charge relating to legal and other items and </div>\n<div class=\"t sd_178\" id=\"t1z_178\" style=\"left:56px;bottom:713px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">$15m\u00a0charge relating to restructuring and rationalisation expenses). </div>\n<div class=\"t sd_178\" id=\"t20_178\" style=\"left:43px;bottom:701px;display:inline;\">2 </div><div class=\"t sd_178\" id=\"t21_178\" style=\"left:56px;bottom:701px;letter-spacing:0.07px;word-spacing:-0.08px;display:inline;\">2022 includes $35m charge relating to legal and other items (2021: $39m, 2020: $28m), $5m charge relating to acquisition and disposal-related items (2021: $7m, 2020: $nil) and $5m charge </div>\n<div class=\"t sd_178\" id=\"t22_178\" style=\"left:56px;bottom:689px;letter-spacing:0.1px;word-spacing:-0.13px;display:inline;\">relating to restructuring and rationalisation expenses (2021: $nil, 2020: $nil). </div>\n<div class=\"t sd_178\" id=\"t23_178\" style=\"left:43px;bottom:677px;display:inline;\">3 </div><div class=\"t sd_178\" id=\"t24_178\" style=\"left:56px;bottom:677px;letter-spacing:0.09px;word-spacing:-0.1px;display:inline;\">2022 includes $56m of amortisation of so\ufb05ware and other intangible assets (2021: $65m, 2020: $63m). </div>\n<div class=\"t sd_178\" id=\"t25_178\" style=\"left:43px;bottom:664px;display:inline;\">4 </div><div class=\"t sd_178\" id=\"t26_178\" style=\"left:56px;bottom:664px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">2022 includes $205m of amortisation and impairment of acquisition intangibles and $142m of restructuring and rationalisation expenses (2021: $172m of amortisation and impairment </div>\n<div class=\"t sd_178\" id=\"t27_178\" style=\"left:56px;bottom:652px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">of acquisition intangibles and $84m of restructuring and\u00a0rationalisation expenses, 2020: $171m of amortisation and impairment of\u00a0acquisition intangibles and $109m of restructuring </div>\n<div class=\"t sd_178\" id=\"t28_178\" style=\"left:56px;bottom:640px;letter-spacing:0.15px;word-spacing:-0.16px;display:inline;\">and\u00a0rationalisation expenses). </div>\n<div class=\"t sd_178\" id=\"t29_178\" style=\"left:43px;bottom:628px;display:inline;\">5 </div><div class=\"t sd_178\" id=\"t2a_178\" style=\"left:56px;bottom:628px;letter-spacing:0.06px;word-spacing:-0.08px;display:inline;\">2022 includes $36m charge relating to legal and other items (2021: $5m charge, 2020: $55m charge). </div>\n<div class=\"t sd_178\" id=\"t2b_178\" style=\"left:43px;bottom:615px;display:inline;\">6 </div><div class=\"t sd_178\" id=\"t2c_178\" style=\"left:56px;bottom:615px;letter-spacing:0.08px;word-spacing:-0.1px;display:inline;\">2022 includes $6m credit relating to acquisition and disposal-related items (2021: $nil, 2020: $4m charge). </div>\n<div class=\"t sd_178\" id=\"t2d_178\" style=\"left:43px;bottom:595px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">Note that items detailed in 1, 2, 4, 5 and 6 are excluded from the calculation of trading pro\ufb01t, the segments\u2019 pro\ufb01t measure. </div>\n<div class=\"t s9_178\" id=\"t2e_178\" style=\"left:43px;bottom:569px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Operating pro\ufb01t is stated a\ufb05er charging/(crediting) the following items: </div>\n<div class=\"t s8_178\" id=\"t2f_178\" style=\"left:640px;bottom:546px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_178\" id=\"t2g_178\" style=\"left:727px;bottom:546px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s8_178\" id=\"t2h_178\" style=\"left:813px;bottom:546px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s8_178\" id=\"t2i_178\" style=\"left:585px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2j_178\" style=\"left:587px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2k_178\" style=\"left:589px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2l_178\" style=\"left:592px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2m_178\" style=\"left:625px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2n_178\" style=\"left:671px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2o_178\" style=\"left:674px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2p_178\" style=\"left:676px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2q_178\" style=\"left:678px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2r_178\" style=\"left:711px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2s_178\" style=\"left:758px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2t_178\" style=\"left:760px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2u_178\" style=\"left:763px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2v_178\" style=\"left:765px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2w_178\" style=\"left:798px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2x_178\" style=\"left:844px;bottom:534px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"t2y_178\" style=\"left:43px;bottom:515px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Other operating income </div><div class=\"t sa_178\" id=\"t2z_178\" style=\"left:653px;bottom:515px;letter-spacing:0.1px;display:inline;\">(7) </div><div class=\"t s9_178\" id=\"t30_178\" style=\"left:734px;bottom:515px;letter-spacing:-0.04px;display:inline;\">(35) </div><div class=\"t s9_178\" id=\"t31_178\" style=\"left:832px;bottom:515px;display:inline;\">\u2013 </div>\n<div class=\"t s9_178\" id=\"t32_178\" style=\"left:43px;bottom:496px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Amortisation of intangible assets </div><div class=\"t sa_178\" id=\"t33_178\" style=\"left:642px;bottom:496px;letter-spacing:-0.39px;display:inline;\">229 </div><div class=\"t s9_178\" id=\"t34_178\" style=\"left:730px;bottom:496px;letter-spacing:-0.37px;display:inline;\">237 </div><div class=\"t s9_178\" id=\"t35_178\" style=\"left:817px;bottom:496px;letter-spacing:-0.13px;display:inline;\">234 </div>\n<div class=\"t s9_178\" id=\"t36_178\" style=\"left:43px;bottom:478px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Impairment of intangible assets </div><div class=\"t sa_178\" id=\"t37_178\" style=\"left:650px;bottom:478px;letter-spacing:-0.28px;display:inline;\">39 </div><div class=\"t s9_178\" id=\"t38_178\" style=\"left:745px;bottom:478px;display:inline;\">2 </div><div class=\"t s9_178\" id=\"t39_178\" style=\"left:825px;bottom:478px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t s9_178\" id=\"t3a_178\" style=\"left:43px;bottom:459px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Impairment of property, plant and equipment </div><div class=\"t sa_178\" id=\"t3b_178\" style=\"left:650px;bottom:459px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s9_178\" id=\"t3c_178\" style=\"left:745px;bottom:459px;display:inline;\">1 </div><div class=\"t s9_178\" id=\"t3d_178\" style=\"left:832px;bottom:459px;display:inline;\">5 </div>\n<div class=\"t s9_178\" id=\"t3e_178\" style=\"left:43px;bottom:441px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Fair value remeasurement of trade investments </div><div class=\"t sa_178\" id=\"t3f_178\" style=\"left:659px;bottom:441px;display:inline;\">\u2013 </div><div class=\"t s9_178\" id=\"t3g_178\" style=\"left:745px;bottom:441px;display:inline;\">1 </div><div class=\"t s9_178\" id=\"t3h_178\" style=\"left:832px;bottom:441px;display:inline;\">\u2013 </div>\n<div class=\"t s9_178\" id=\"t3i_178\" style=\"left:43px;bottom:422px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Depreciation of property, plant and equipment </div>\n<div class=\"t sb_178\" id=\"t3j_178\" style=\"left:316px;bottom:429px;display:inline;\">1 </div>\n<div class=\"t sa_178\" id=\"t3k_178\" style=\"left:642px;bottom:422px;letter-spacing:-0.55px;display:inline;\">319 </div><div class=\"t s9_178\" id=\"t3l_178\" style=\"left:731px;bottom:422px;letter-spacing:-0.49px;display:inline;\">326 </div><div class=\"t s9_178\" id=\"t3m_178\" style=\"left:817px;bottom:422px;letter-spacing:-0.57px;display:inline;\">311 </div>\n<div class=\"t s9_178\" id=\"t3n_178\" style=\"left:43px;bottom:404px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Loss on disposal of property, plant and equipment and intangible assets </div><div class=\"t sa_178\" id=\"t3o_178\" style=\"left:650px;bottom:404px;letter-spacing:-0.68px;display:inline;\">11 </div><div class=\"t s9_178\" id=\"t3p_178\" style=\"left:738px;bottom:404px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t s9_178\" id=\"t3q_178\" style=\"left:824px;bottom:404px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s9_178\" id=\"t3r_178\" style=\"left:43px;bottom:386px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Advertising costs </div><div class=\"t sa_178\" id=\"t3s_178\" style=\"left:650px;bottom:386px;letter-spacing:-0.5px;display:inline;\">92 </div><div class=\"t s9_178\" id=\"t3t_178\" style=\"left:738px;bottom:386px;letter-spacing:-0.54px;display:inline;\">81 </div><div class=\"t s9_178\" id=\"t3u_178\" style=\"left:824px;bottom:386px;letter-spacing:-0.09px;display:inline;\">66 </div>\n<div class=\"t sd_178\" id=\"t3v_178\" style=\"left:43px;bottom:362px;display:inline;\">1 </div><div class=\"t sd_178\" id=\"t3w_178\" style=\"left:56px;bottom:362px;letter-spacing:0.06px;word-spacing:-0.08px;display:inline;\">The 2022 depreciation charge includes $56m (2021: $56m, 2020: $51m, ) related to right-of-use assets. </div>\n<div class=\"t s9_178\" id=\"t3x_178\" style=\"left:43px;bottom:336px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">In 2022, other operating income comprises insurance recoveries for ongoing metal-on-metal hip claims of $7m (2021: $35m, 2020: $nil). </div>\n<div class=\"t s9_178\" id=\"t3y_178\" style=\"left:43px;bottom:321px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">In 2022, $7m (2021: $35m, 2020: $nil) of other operating income was included with\u00a0legal and other items, as explained in Note 2.6, </div>\n<div class=\"t s9_178\" id=\"t3z_178\" style=\"left:43px;bottom:305px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0does not form part of trading pro\ufb01t, the segments\u2019 pro\ufb01t measure. </div>\n<div class=\"t se_178\" id=\"t40_178\" style=\"left:43px;bottom:11px;letter-spacing:-1.82px;display:inline;\">176 </div><div class=\"t sf_178\" id=\"t41_178\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_178\" id=\"t42_178\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_179\" id=\"t1_179\" style=\"left:65px;bottom:957px;letter-spacing:-0.34px;display:inline;\">3.1 </div><div class=\"t s2_179\" id=\"t2_179\" style=\"left:88px;bottom:957px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs and employee numbers </div>\n<div class=\"t s3_179\" id=\"t3_179\" style=\"left:65px;bottom:940px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs during the year amounted to: </div>\n<div class=\"t s4_179\" id=\"t4_179\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t5_179\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t6_179\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t7_179\" style=\"left:520px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t8_179\" style=\"left:522px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t9_179\" style=\"left:524px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ta_179\" style=\"left:527px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tb_179\" style=\"left:572px;bottom:906px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s4_179\" id=\"tc_179\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"td_179\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"te_179\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tf_179\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tg_179\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"th_179\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ti_179\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tj_179\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tk_179\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tl_179\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tm_179\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tn_179\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"to_179\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tp_179\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tq_179\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"tr_179\" style=\"left:65px;bottom:886px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Wages and salaries </div><div class=\"t s3_179\" id=\"ts_179\" style=\"left:590px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tt_179\" style=\"left:593px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"tu_179\" style=\"left:651px;bottom:886px;letter-spacing:-0.01px;display:inline;\">1,565 </div><div class=\"t s3_179\" id=\"tv_179\" style=\"left:741px;bottom:886px;letter-spacing:-0.16px;display:inline;\">1,562 </div><div class=\"t s3_179\" id=\"tw_179\" style=\"left:828px;bottom:886px;letter-spacing:-0.18px;display:inline;\">1,392 </div>\n<div class=\"t s3_179\" id=\"tx_179\" style=\"left:65px;bottom:868px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">Social security costs </div><div class=\"t s3_179\" id=\"ty_179\" style=\"left:590px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tz_179\" style=\"left:593px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t10_179\" style=\"left:664px;bottom:868px;letter-spacing:-0.47px;display:inline;\">215 </div><div class=\"t s3_179\" id=\"t11_179\" style=\"left:752px;bottom:868px;letter-spacing:-0.31px;display:inline;\">223 </div><div class=\"t s3_179\" id=\"t12_179\" style=\"left:838px;bottom:868px;letter-spacing:-0.17px;display:inline;\">190 </div>\n<div class=\"t s3_179\" id=\"t13_179\" style=\"left:65px;bottom:849px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Pension costs (including retirement healthcare) </div><div class=\"t s3_179\" id=\"t14_179\" style=\"left:586px;bottom:849px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s5_179\" id=\"t15_179\" style=\"left:671px;bottom:849px;display:inline;\">88 </div><div class=\"t s3_179\" id=\"t16_179\" style=\"left:760px;bottom:849px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s3_179\" id=\"t17_179\" style=\"left:846px;bottom:849px;letter-spacing:-0.43px;display:inline;\">78 </div>\n<div class=\"t s3_179\" id=\"t18_179\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.13px;display:inline;\">Share-based payments </div><div class=\"t s3_179\" id=\"t19_179\" style=\"left:586px;bottom:831px;letter-spacing:-0.4px;display:inline;\">22 </div><div class=\"t s5_179\" id=\"t1a_179\" style=\"left:671px;bottom:831px;letter-spacing:0.04px;display:inline;\">40 </div><div class=\"t s3_179\" id=\"t1b_179\" style=\"left:760px;bottom:831px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s3_179\" id=\"t1c_179\" style=\"left:846px;bottom:831px;letter-spacing:-0.47px;display:inline;\">26 </div>\n<div class=\"t s3_179\" id=\"t1d_179\" style=\"left:590px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t1e_179\" style=\"left:593px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:651px;bottom:812px;letter-spacing:0.1px;display:inline;\">1,908 </div><div class=\"t s3_179\" id=\"t1g_179\" style=\"left:742px;bottom:812px;letter-spacing:-0.38px;display:inline;\">1,919 </div><div class=\"t s3_179\" id=\"t1h_179\" style=\"left:828px;bottom:812px;letter-spacing:-0.07px;display:inline;\">1,686 </div>\n<div class=\"t s3_179\" id=\"t1i_179\" style=\"left:65px;bottom:784px;word-spacing:0.04px;display:inline;\">During the year ended 31 December 2022, the average number of employees was 19,094 (2021: 18,976, 2020: 18,581). </div>\n<div class=\"t s1_179\" id=\"t1j_179\" style=\"left:65px;bottom:759px;letter-spacing:-0.18px;display:inline;\">3.2 </div><div class=\"t s2_179\" id=\"t1k_179\" style=\"left:88px;bottom:759px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Audit Fees \u2013 information about the nature and cost of services provided by the auditor </div>\n<div class=\"t s4_179\" id=\"t1l_179\" style=\"left:662px;bottom:732px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t1m_179\" style=\"left:748px;bottom:732px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t1n_179\" style=\"left:835px;bottom:732px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t1o_179\" style=\"left:606px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:609px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1q_179\" style=\"left:611px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1r_179\" style=\"left:613px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1s_179\" style=\"left:646px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1t_179\" style=\"left:693px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1u_179\" style=\"left:695px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1v_179\" style=\"left:698px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1w_179\" style=\"left:700px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1x_179\" style=\"left:733px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1y_179\" style=\"left:780px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1z_179\" style=\"left:782px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t20_179\" style=\"left:784px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t21_179\" style=\"left:787px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t22_179\" style=\"left:820px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t23_179\" style=\"left:866px;bottom:720px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t24_179\" style=\"left:65px;bottom:701px;letter-spacing:0.15px;word-spacing:-0.14px;display:inline;\">Audit services: </div><div class=\"t s5_179\" id=\"t25_179\" style=\"left:677px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t26_179\" style=\"left:680px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t27_179\" style=\"left:763px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t28_179\" style=\"left:766px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t29_179\" style=\"left:850px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2a_179\" style=\"left:853px;bottom:701px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2b_179\" style=\"left:78px;bottom:682px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Group accounts </div><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:669px;bottom:682px;letter-spacing:-0.54px;display:inline;\">7.2 </div><div class=\"t s3_179\" id=\"t2d_179\" style=\"left:756px;bottom:682px;letter-spacing:0.05px;display:inline;\">5.5 </div><div class=\"t s3_179\" id=\"t2e_179\" style=\"left:843px;bottom:682px;letter-spacing:-0.08px;display:inline;\">5.0 </div>\n<div class=\"t s3_179\" id=\"t2f_179\" style=\"left:78px;bottom:664px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Local statutory audit pursuant to legislation </div><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:668px;bottom:664px;letter-spacing:0.18px;display:inline;\">2.2 </div><div class=\"t s3_179\" id=\"t2h_179\" style=\"left:757px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div><div class=\"t s3_179\" id=\"t2i_179\" style=\"left:843px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div>\n<div class=\"t s3_179\" id=\"t2j_179\" style=\"left:65px;bottom:645px;letter-spacing:0.19px;word-spacing:-0.17px;display:inline;\">Other services: </div>\n<div class=\"t s3_179\" id=\"t2k_179\" style=\"left:78px;bottom:627px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Audit-related services </div><div class=\"t s5_179\" id=\"t2l_179\" style=\"left:668px;bottom:627px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t s3_179\" id=\"t2m_179\" style=\"left:757px;bottom:627px;letter-spacing:-0.27px;display:inline;\">0.1 </div><div class=\"t s3_179\" id=\"t2n_179\" style=\"left:843px;bottom:627px;letter-spacing:-0.13px;display:inline;\">0.4 </div>\n<div class=\"t s6_179\" id=\"t2o_179\" style=\"left:65px;bottom:608px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Total auditor\u2019s remuneration </div><div class=\"t s5_179\" id=\"t2p_179\" style=\"left:668px;bottom:608px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t2q_179\" style=\"left:758px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.6 </div><div class=\"t s3_179\" id=\"t2r_179\" style=\"left:845px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.4 </div>\n<div class=\"t s3_179\" id=\"t2s_179\" style=\"left:65px;bottom:590px;letter-spacing:0.08px;display:inline;\">Arising: </div><div class=\"t s5_179\" id=\"t2t_179\" style=\"left:677px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t2u_179\" style=\"left:680px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2v_179\" style=\"left:763px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2w_179\" style=\"left:766px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2x_179\" style=\"left:850px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2y_179\" style=\"left:853px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2z_179\" style=\"left:78px;bottom:572px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">In the UK </div><div class=\"t s5_179\" id=\"t30_179\" style=\"left:668px;bottom:572px;letter-spacing:0.11px;display:inline;\">5.3 </div><div class=\"t s3_179\" id=\"t31_179\" style=\"left:756px;bottom:572px;letter-spacing:0.09px;display:inline;\">3.5 </div><div class=\"t s3_179\" id=\"t32_179\" style=\"left:843px;bottom:572px;letter-spacing:-0.05px;display:inline;\">3.6 </div>\n<div class=\"t s3_179\" id=\"t33_179\" style=\"left:78px;bottom:553px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Outside the UK </div><div class=\"t s5_179\" id=\"t34_179\" style=\"left:668px;bottom:553px;letter-spacing:0.16px;display:inline;\">4.5 </div><div class=\"t s3_179\" id=\"t35_179\" style=\"left:757px;bottom:553px;letter-spacing:-0.21px;display:inline;\">4.1 </div><div class=\"t s3_179\" id=\"t36_179\" style=\"left:843px;bottom:553px;letter-spacing:0.09px;display:inline;\">3.8 </div>\n<div class=\"t s5_179\" id=\"t37_179\" style=\"left:668px;bottom:535px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t38_179\" style=\"left:758px;bottom:535px;letter-spacing:-0.78px;display:inline;\">7.6 </div><div class=\"t s3_179\" id=\"t39_179\" style=\"left:845px;bottom:535px;letter-spacing:-0.78px;display:inline;\">7.4 </div>\n<div class=\"t s7_179\" id=\"t3a_179\" style=\"left:65px;bottom:503px;display:inline;\">4 </div><div class=\"t s8_179\" id=\"t3b_179\" style=\"left:78px;bottom:503px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Interest and other \ufb01nance costs </div>\n<div class=\"t s1_179\" id=\"t3c_179\" style=\"left:65px;bottom:486px;letter-spacing:-0.34px;display:inline;\">4.1 </div><div class=\"t s2_179\" id=\"t3d_179\" style=\"left:88px;bottom:486px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">Interest income/(expense) </div>\n<div class=\"t s4_179\" id=\"t3e_179\" style=\"left:662px;bottom:463px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t3f_179\" style=\"left:748px;bottom:463px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t3g_179\" style=\"left:835px;bottom:463px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t3h_179\" style=\"left:606px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3i_179\" style=\"left:609px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3j_179\" style=\"left:611px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3k_179\" style=\"left:613px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3l_179\" style=\"left:646px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3m_179\" style=\"left:693px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3n_179\" style=\"left:695px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3o_179\" style=\"left:698px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3p_179\" style=\"left:700px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:733px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3r_179\" style=\"left:780px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3s_179\" style=\"left:782px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3t_179\" style=\"left:784px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:787px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:820px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:866px;bottom:451px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t3x_179\" style=\"left:65px;bottom:432px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Interest income </div><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:672px;bottom:432px;letter-spacing:-0.34px;display:inline;\">14 </div><div class=\"t s3_179\" id=\"t3z_179\" style=\"left:767px;bottom:432px;display:inline;\">6 </div><div class=\"t s3_179\" id=\"t40_179\" style=\"left:854px;bottom:432px;display:inline;\">6 </div>\n<div class=\"t s3_179\" id=\"t41_179\" style=\"left:65px;bottom:413px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest expense: </div><div class=\"t s3_179\" id=\"t42_179\" style=\"left:850px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t43_179\" style=\"left:853px;bottom:413px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t44_179\" style=\"left:78px;bottom:395px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Bank borrowings </div><div class=\"t s5_179\" id=\"t45_179\" style=\"left:675px;bottom:395px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t46_179\" style=\"left:763px;bottom:395px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t47_179\" style=\"left:850px;bottom:395px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s3_179\" id=\"t48_179\" style=\"left:78px;bottom:376px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s5_179\" id=\"t49_179\" style=\"left:667px;bottom:376px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t s3_179\" id=\"t4a_179\" style=\"left:756px;bottom:376px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s3_179\" id=\"t4b_179\" style=\"left:843px;bottom:376px;letter-spacing:-0.52px;display:inline;\">(42) </div>\n<div class=\"t s3_179\" id=\"t4c_179\" style=\"left:78px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:675px;bottom:358px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s3_179\" id=\"t4e_179\" style=\"left:762px;bottom:358px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s3_179\" id=\"t4f_179\" style=\"left:850px;bottom:358px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s3_179\" id=\"t4g_179\" style=\"left:78px;bottom:339px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s5_179\" id=\"t4h_179\" style=\"left:666px;bottom:339px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s3_179\" id=\"t4i_179\" style=\"left:756px;bottom:339px;letter-spacing:-0.34px;display:inline;\">(21) </div><div class=\"t s3_179\" id=\"t4j_179\" style=\"left:850px;bottom:339px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s3_179\" id=\"t4k_179\" style=\"left:78px;bottom:321px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:675px;bottom:321px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_179\" id=\"t4m_179\" style=\"left:763px;bottom:321px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t4n_179\" style=\"left:850px;bottom:321px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s5_179\" id=\"t4o_179\" style=\"left:666px;bottom:303px;letter-spacing:-0.09px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4p_179\" style=\"left:755px;bottom:303px;letter-spacing:-0.07px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4q_179\" style=\"left:843px;bottom:303px;letter-spacing:-0.33px;display:inline;\">(62) </div>\n<div class=\"t s6_179\" id=\"t4r_179\" style=\"left:65px;bottom:284px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Net interest expense </div><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:667px;bottom:284px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t s3_179\" id=\"t4t_179\" style=\"left:756px;bottom:284px;letter-spacing:-0.34px;display:inline;\">(74) </div><div class=\"t s3_179\" id=\"t4u_179\" style=\"left:842px;bottom:284px;letter-spacing:0.04px;display:inline;\">(56) </div>\n<div class=\"t s1_179\" id=\"t4v_179\" style=\"left:65px;bottom:255px;letter-spacing:-0.18px;display:inline;\">4.2 </div><div class=\"t s2_179\" id=\"t4w_179\" style=\"left:88px;bottom:255px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">Other \ufb01nance costs </div>\n<div class=\"t s4_179\" id=\"t4x_179\" style=\"left:662px;bottom:232px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t4y_179\" style=\"left:748px;bottom:232px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t4z_179\" style=\"left:835px;bottom:232px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t50_179\" style=\"left:520px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t51_179\" style=\"left:522px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t52_179\" style=\"left:524px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t53_179\" style=\"left:527px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t54_179\" style=\"left:572px;bottom:220px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s4_179\" id=\"t55_179\" style=\"left:609px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t56_179\" style=\"left:611px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t57_179\" style=\"left:613px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t58_179\" style=\"left:646px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t59_179\" style=\"left:693px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5a_179\" style=\"left:695px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5b_179\" style=\"left:698px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5c_179\" style=\"left:700px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5d_179\" style=\"left:733px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t5e_179\" style=\"left:780px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5f_179\" style=\"left:782px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5g_179\" style=\"left:784px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5h_179\" style=\"left:787px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5i_179\" style=\"left:820px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t5j_179\" style=\"left:866px;bottom:220px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t5k_179\" style=\"left:65px;bottom:201px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Retirement bene\ufb01t net interest expense </div><div class=\"t s3_179\" id=\"t5l_179\" style=\"left:586px;bottom:201px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s5_179\" id=\"t5m_179\" style=\"left:675px;bottom:201px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s3_179\" id=\"t5n_179\" style=\"left:763px;bottom:201px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t5o_179\" style=\"left:850px;bottom:201px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s3_179\" id=\"t5p_179\" style=\"left:65px;bottom:182px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t s3_179\" id=\"t5q_179\" style=\"left:590px;bottom:182px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t5r_179\" style=\"left:593px;bottom:182px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t5s_179\" style=\"left:675px;bottom:182px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s3_179\" id=\"t5t_179\" style=\"left:756px;bottom:182px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s3_179\" id=\"t5u_179\" style=\"left:843px;bottom:182px;letter-spacing:-0.45px;display:inline;\">(11) </div>\n<div class=\"t s3_179\" id=\"t5v_179\" style=\"left:65px;bottom:164px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s3_179\" id=\"t5w_179\" style=\"left:590px;bottom:164px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t5x_179\" style=\"left:593px;bottom:164px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t5y_179\" style=\"left:680px;bottom:164px;display:inline;\">3 </div><div class=\"t s3_179\" id=\"t5z_179\" style=\"left:764px;bottom:164px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s3_179\" id=\"t60_179\" style=\"left:854px;bottom:164px;display:inline;\">6 </div>\n<div class=\"t s6_179\" id=\"t61_179\" style=\"left:65px;bottom:145px;letter-spacing:0.19px;word-spacing:-0.14px;display:inline;\">Other \ufb01nance costs </div><div class=\"t s3_179\" id=\"t62_179\" style=\"left:590px;bottom:145px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t63_179\" style=\"left:593px;bottom:145px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t64_179\" style=\"left:675px;bottom:145px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t s3_179\" id=\"t65_179\" style=\"left:756px;bottom:145px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s3_179\" id=\"t66_179\" style=\"left:849px;bottom:145px;letter-spacing:0.39px;display:inline;\">(7) </div>\n<div class=\"t s9_179\" id=\"t67_179\" style=\"left:830px;bottom:11px;letter-spacing:-1.33px;display:inline;\">177 </div><div class=\"t sa_179\" id=\"t68_179\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_179\" id=\"t69_179\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_179\" id=\"t6a_179\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_179\" id=\"t6b_179\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_179\" id=\"t6c_179\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_179\" id=\"t6d_179\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_180\" id=\"t1_180\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_180\" id=\"t2_180\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_180\" id=\"t3_180\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_180\" id=\"t4_180\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_180\" id=\"t5_180\" style=\"left:43px;bottom:956px;display:inline;\">5 </div><div class=\"t s6_180\" id=\"t6_180\" style=\"left:56px;bottom:956px;letter-spacing:-0.2px;display:inline;\">Taxation </div>\n<div class=\"t s7_180\" id=\"t7_180\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_180\" id=\"t8_180\" style=\"left:53px;bottom:911px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The charge for current taxation is based on the results for the year as adjusted for items which are non-assessable or non-deductible. </div>\n<div class=\"t s8_180\" id=\"t9_180\" style=\"left:53px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">It is calculated using tax rates that have been enacted or substantively enacted as at the balance sheet date. </div>\n<div class=\"t s8_180\" id=\"ta_180\" style=\"left:53px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world. At any given time, the Group typically is involved in tax audits </div>\n<div class=\"t s8_180\" id=\"tb_180\" style=\"left:53px;bottom:857px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and other disputes and will have other tax returns potentially subject to audit. Signi\ufb01cant issues may take several years to resolve. </div>\n<div class=\"t s8_180\" id=\"tc_180\" style=\"left:53px;bottom:842px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In estimating the probability and amount of any tax charge, management takes into account the views of internal and external </div>\n<div class=\"t s8_180\" id=\"td_180\" style=\"left:53px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">advisers and updates the amount of tax provision where considered appropriate. The ultimate tax liability may di\ufb00er from the </div>\n<div class=\"t s8_180\" id=\"te_180\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount\u00a0provided depending on factors including interpretations of\u00a0tax law and settlement negotiations. </div>\n<div class=\"t s8_180\" id=\"tf_180\" style=\"left:53px;bottom:787px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred tax is recognised in respect of temporary di\ufb00erences between the carrying amounts of assets and liabilities for \ufb01nancial </div>\n<div class=\"t s8_180\" id=\"tg_180\" style=\"left:53px;bottom:772px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">reporting purposes and the amounts used for taxation purposes. </div>\n<div class=\"t s8_180\" id=\"th_180\" style=\"left:53px;bottom:748px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Deferred tax is not recognised: for temporary di\ufb00erences related to investments in subsidiaries and associates where the Group is </div>\n<div class=\"t s8_180\" id=\"ti_180\" style=\"left:53px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">able to control the timing of the reversal of the temporary di\ufb00erence and it is probable that this will not reverse in the foreseeable </div>\n<div class=\"t s8_180\" id=\"tj_180\" style=\"left:53px;bottom:717px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">future; on the initial recognition of non-deductible goodwill; and on the initial recognition of an asset or liability in a transaction that </div>\n<div class=\"t s8_180\" id=\"tk_180\" style=\"left:53px;bottom:702px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">is\u00a0not a business combination and that, at the time of the transaction, does not a\ufb00ect the accounting or taxable pro\ufb01t. </div>\n<div class=\"t s8_180\" id=\"tl_180\" style=\"left:53px;bottom:678px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets are recognised to the extent that it is probable that future taxable pro\ufb01ts will be available against which they </div>\n<div class=\"t s8_180\" id=\"tm_180\" style=\"left:53px;bottom:663px;word-spacing:-0.11px;display:inline;\">can\u00a0be used. Deferred tax assets are reviewed at each reporting date taking into account the recoverability of the deferred tax assets, </div>\n<div class=\"t s8_180\" id=\"tn_180\" style=\"left:53px;bottom:648px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability and any restrictions on use. The Group considers available evidence to assess future pro\ufb01tability over a reasonably </div>\n<div class=\"t s8_180\" id=\"to_180\" style=\"left:53px;bottom:632px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">foreseeable time period, depending on the circumstances and typically a minimum of \ufb01ve years. Any material unrecognised deferred </div>\n<div class=\"t s8_180\" id=\"tp_180\" style=\"left:53px;bottom:617px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">tax assets are disclosed in Note 5.2. </div>\n<div class=\"t s8_180\" id=\"tq_180\" style=\"left:53px;bottom:593px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Deferred tax is measured on an undiscounted basis, and at the tax rates that have been enacted or substantively enacted as at the </div>\n<div class=\"t s8_180\" id=\"tr_180\" style=\"left:53px;bottom:578px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">balance sheet date that are expected to apply in the periods in which the asset or liability is settled. It is recognised in the income </div>\n<div class=\"t s8_180\" id=\"ts_180\" style=\"left:53px;bottom:563px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">statement except when it relates to items credited or charged directly to other comprehensive income or equity, in which case </div>\n<div class=\"t s8_180\" id=\"tt_180\" style=\"left:53px;bottom:547px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0deferred tax is also recognised within other comprehensive income or equity respectively. </div>\n<div class=\"t s8_180\" id=\"tu_180\" style=\"left:53px;bottom:523px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets and liabilities are o\ufb00set when they relate to income taxes levied by the same taxation authority, the Group </div>\n<div class=\"t s8_180\" id=\"tv_180\" style=\"left:53px;bottom:508px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">intends to settle its current tax assets and liabilities on a net basis, o\ufb00set is permissible according to the relevant jurisdiction\u2019s </div>\n<div class=\"t s8_180\" id=\"tw_180\" style=\"left:53px;bottom:493px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">tax\u00a0laws and that authority permits the Group to make a single net payment. </div>\n<div class=\"t s9_180\" id=\"tx_180\" style=\"left:43px;bottom:455px;letter-spacing:-0.36px;display:inline;\">5.1 </div><div class=\"t sa_180\" id=\"ty_180\" style=\"left:66px;bottom:455px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Taxation charge attributable to the Group </div>\n<div class=\"t sb_180\" id=\"tz_180\" style=\"left:640px;bottom:432px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_180\" id=\"t10_180\" style=\"left:727px;bottom:432px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sb_180\" id=\"t11_180\" style=\"left:813px;bottom:432px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t sb_180\" id=\"t12_180\" style=\"left:585px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t13_180\" style=\"left:587px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t14_180\" style=\"left:589px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t15_180\" style=\"left:592px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t16_180\" style=\"left:625px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t17_180\" style=\"left:671px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t18_180\" style=\"left:674px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t19_180\" style=\"left:676px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1a_180\" style=\"left:678px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1b_180\" style=\"left:711px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t1c_180\" style=\"left:758px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1d_180\" style=\"left:760px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1e_180\" style=\"left:763px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1f_180\" style=\"left:765px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1g_180\" style=\"left:798px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t1h_180\" style=\"left:844px;bottom:420px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t1i_180\" style=\"left:43px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Current taxation:\u00a0</div><div class=\"t sc_180\" id=\"t1j_180\" style=\"left:147px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t1k_180\" style=\"left:655px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t1l_180\" style=\"left:658px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1m_180\" style=\"left:742px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1n_180\" style=\"left:745px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1o_180\" style=\"left:828px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1p_180\" style=\"left:831px;bottom:401px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t1q_180\" style=\"left:56px;bottom:382px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">UK corporation tax </div><div class=\"t sd_180\" id=\"t1r_180\" style=\"left:651px;bottom:382px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sc_180\" id=\"t1s_180\" style=\"left:738px;bottom:382px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t sc_180\" id=\"t1t_180\" style=\"left:825px;bottom:382px;letter-spacing:-0.7px;display:inline;\">16 </div>\n<div class=\"t sc_180\" id=\"t1u_180\" style=\"left:56px;bottom:364px;letter-spacing:0.24px;word-spacing:-0.2px;display:inline;\">Overseas tax </div><div class=\"t sd_180\" id=\"t1v_180\" style=\"left:641px;bottom:364px;letter-spacing:-0.17px;display:inline;\">104 </div><div class=\"t sc_180\" id=\"t1w_180\" style=\"left:730px;bottom:364px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t sc_180\" id=\"t1x_180\" style=\"left:824px;bottom:364px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t sc_180\" id=\"t1y_180\" style=\"left:43px;bottom:345px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Current income tax charge </div><div class=\"t sd_180\" id=\"t1z_180\" style=\"left:642px;bottom:345px;letter-spacing:-0.54px;display:inline;\">121 </div><div class=\"t sc_180\" id=\"t20_180\" style=\"left:730px;bottom:345px;letter-spacing:-0.3px;display:inline;\">140 </div><div class=\"t sc_180\" id=\"t21_180\" style=\"left:824px;bottom:345px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t sc_180\" id=\"t22_180\" style=\"left:43px;bottom:327px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Adjustments in respect of prior periods </div><div class=\"t sd_180\" id=\"t23_180\" style=\"left:645px;bottom:327px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t sc_180\" id=\"t24_180\" style=\"left:734px;bottom:327px;letter-spacing:-0.11px;display:inline;\">(33) </div><div class=\"t sc_180\" id=\"t25_180\" style=\"left:814px;bottom:327px;letter-spacing:-0.47px;display:inline;\">(191) </div>\n<div class=\"t se_180\" id=\"t26_180\" style=\"left:43px;bottom:308px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total current taxation </div><div class=\"t sd_180\" id=\"t27_180\" style=\"left:642px;bottom:308px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t sc_180\" id=\"t28_180\" style=\"left:731px;bottom:308px;letter-spacing:-0.59px;display:inline;\">107 </div><div class=\"t sc_180\" id=\"t29_180\" style=\"left:813px;bottom:308px;letter-spacing:-0.15px;display:inline;\">(135) </div>\n<div class=\"t sc_180\" id=\"t2a_180\" style=\"left:43px;bottom:290px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred taxation: </div><div class=\"t sd_180\" id=\"t2b_180\" style=\"left:655px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t2c_180\" style=\"left:658px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2d_180\" style=\"left:742px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2e_180\" style=\"left:745px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2f_180\" style=\"left:828px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2g_180\" style=\"left:831px;bottom:290px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t2h_180\" style=\"left:56px;bottom:272px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Origination and reversal of temporary di\ufb00erences </div><div class=\"t sd_180\" id=\"t2i_180\" style=\"left:644px;bottom:272px;display:inline;\">(77) </div><div class=\"t sc_180\" id=\"t2j_180\" style=\"left:734px;bottom:272px;letter-spacing:-0.04px;display:inline;\">(35) </div><div class=\"t sc_180\" id=\"t2k_180\" style=\"left:821px;bottom:272px;letter-spacing:-0.4px;display:inline;\">(49) </div>\n<div class=\"t sc_180\" id=\"t2l_180\" style=\"left:56px;bottom:253px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Changes in tax rates </div><div class=\"t sd_180\" id=\"t2m_180\" style=\"left:653px;bottom:253px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sc_180\" id=\"t2n_180\" style=\"left:735px;bottom:253px;letter-spacing:-0.35px;display:inline;\">(14) </div><div class=\"t sc_180\" id=\"t2o_180\" style=\"left:821px;bottom:253px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t sc_180\" id=\"t2p_180\" style=\"left:56px;bottom:235px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Adjustments to estimated amounts arising in prior periods </div><div class=\"t sd_180\" id=\"t2q_180\" style=\"left:646px;bottom:235px;letter-spacing:-0.4px;display:inline;\">(17) </div><div class=\"t sc_180\" id=\"t2r_180\" style=\"left:745px;bottom:235px;display:inline;\">4 </div><div class=\"t sc_180\" id=\"t2s_180\" style=\"left:828px;bottom:235px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t se_180\" id=\"t2t_180\" style=\"left:43px;bottom:216px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Total deferred taxation </div><div class=\"t sd_180\" id=\"t2u_180\" style=\"left:645px;bottom:216px;letter-spacing:-0.21px;display:inline;\">(99) </div><div class=\"t sc_180\" id=\"t2v_180\" style=\"left:734px;bottom:216px;letter-spacing:-0.3px;display:inline;\">(45) </div><div class=\"t sc_180\" id=\"t2w_180\" style=\"left:820px;bottom:216px;letter-spacing:-0.07px;display:inline;\">(67) </div>\n<div class=\"t sc_180\" id=\"t2x_180\" style=\"left:43px;bottom:198px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Total taxation as per the income statement </div><div class=\"t sd_180\" id=\"t2y_180\" style=\"left:650px;bottom:198px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sc_180\" id=\"t2z_180\" style=\"left:738px;bottom:198px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t sc_180\" id=\"t30_180\" style=\"left:813px;bottom:198px;letter-spacing:-0.24px;display:inline;\">(202) </div>\n<div class=\"t sc_180\" id=\"t31_180\" style=\"left:43px;bottom:179px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Taxation in other comprehensive income </div><div class=\"t sd_180\" id=\"t32_180\" style=\"left:658px;bottom:179px;display:inline;\">5 </div><div class=\"t sc_180\" id=\"t33_180\" style=\"left:738px;bottom:179px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t sc_180\" id=\"t34_180\" style=\"left:832px;bottom:179px;display:inline;\">\u2013 </div>\n<div class=\"t sc_180\" id=\"t35_180\" style=\"left:43px;bottom:161px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Taxation in equity </div><div class=\"t sd_180\" id=\"t36_180\" style=\"left:658px;bottom:161px;display:inline;\">3 </div><div class=\"t sc_180\" id=\"t37_180\" style=\"left:745px;bottom:161px;display:inline;\">1 </div><div class=\"t sc_180\" id=\"t38_180\" style=\"left:832px;bottom:161px;display:inline;\">4 </div>\n<div class=\"t se_180\" id=\"t39_180\" style=\"left:43px;bottom:143px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">Taxation charge/(credit) attributable to the Group </div><div class=\"t sd_180\" id=\"t3a_180\" style=\"left:650px;bottom:143px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t sc_180\" id=\"t3b_180\" style=\"left:737px;bottom:143px;letter-spacing:0.07px;display:inline;\">90 </div><div class=\"t sc_180\" id=\"t3c_180\" style=\"left:813px;bottom:143px;letter-spacing:-0.21px;display:inline;\">(198) </div>\n<div class=\"t sf_180\" id=\"t3d_180\" style=\"left:43px;bottom:11px;letter-spacing:-1.59px;display:inline;\">178 </div><div class=\"t sg_180\" id=\"t3e_180\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_180\" id=\"t3f_180\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_181\" id=\"t1_181\" style=\"left:65px;bottom:958px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">The 2022 and 2021 net prior period adjustments of $27m and $29m respectively relate principally to provision releases following the </div>\n<div class=\"t s1_181\" id=\"t2_181\" style=\"left:65px;bottom:943px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">resolution of tax audits and other uncertain tax matters, and other one-o\ufb00 items. The 2020 net prior period adjustment of $197m </div>\n<div class=\"t s1_181\" id=\"t3_181\" style=\"left:65px;bottom:927px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">is\u00a0explained predominantly by a $100m prior year current tax credit due to the successful outcome of UK tax litigation, releases </div>\n<div class=\"t s1_181\" id=\"t4_181\" style=\"left:65px;bottom:912px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0provisions following the conclusion of tax audits, and loss carry-backs to prior periods. </div>\n<div class=\"t s1_181\" id=\"t5_181\" style=\"left:65px;bottom:888px;letter-spacing:0.02px;word-spacing:0.02px;display:inline;\">The total taxation charge of $12m as per the income statement includes a $127m net credit (2021: $85m net credit, 2020: $274m net </div>\n<div class=\"t s1_181\" id=\"t6_181\" style=\"left:65px;bottom:873px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">credit) as a consequence of restructuring and rationalisation-related costs, acquisition and disposal-related items, amortisation and </div>\n<div class=\"t s1_181\" id=\"t7_181\" style=\"left:65px;bottom:858px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">impairment of acquisition intangibles, legal and other items. The 2020 net credit was signi\ufb01cantly higher predominantly as a result of </div>\n<div class=\"t s1_181\" id=\"t8_181\" style=\"left:65px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">refunds and future recoverable amounts recognised following the successful outcome of the UK tax litigation disclosed in the 2020 </div>\n<div class=\"t s1_181\" id=\"t9_181\" style=\"left:65px;bottom:827px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Annual Report ($142m), and also a one-o\ufb00 carry-back of losses attributable to non-trading costs to prior periods taxable at a higher rate. </div>\n<div class=\"t s2_181\" id=\"ta_181\" style=\"left:65px;bottom:803px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Factors a\ufb00ecting future tax charges </div>\n<div class=\"t s1_181\" id=\"tb_181\" style=\"left:65px;bottom:785px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world and is subject to factors that may a\ufb00ect future tax charges including </div>\n<div class=\"t s1_181\" id=\"tc_181\" style=\"left:65px;bottom:770px;letter-spacing:0.14px;word-spacing:-0.13px;display:inline;\">transfer pricing, tax rate changes, tax legislation changes, tax authority interpretation, expiry of statute of limitations, tax litigation, </div>\n<div class=\"t s1_181\" id=\"td_181\" style=\"left:65px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0resolution of tax audits and disputes. </div>\n<div class=\"t s1_181\" id=\"te_181\" style=\"left:65px;bottom:731px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">At any given time, the Group has unagreed years outstanding in various countries and is involved in tax audits and disputes, some of </div>\n<div class=\"t s1_181\" id=\"tf_181\" style=\"left:65px;bottom:715px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">which may take several years to resolve. Provisions are based on best estimates and management\u2019s judgements concerning the likely </div>\n<div class=\"t s1_181\" id=\"tg_181\" style=\"left:65px;bottom:700px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">ultimate outcome of any audit or dispute. Management considers the speci\ufb01c circumstances of each tax position and takes external </div>\n<div class=\"t s1_181\" id=\"th_181\" style=\"left:65px;bottom:685px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">advice, where appropriate, to assess the range of potential outcomes and estimate additional tax that may be due. Total tax liabilities </div>\n<div class=\"t s1_181\" id=\"ti_181\" style=\"left:65px;bottom:669px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">include $150m (2021: $152m) in relation to uncertain tax positions which relate to multiple issues across the jurisdictions in which </div>\n<div class=\"t s1_181\" id=\"tj_181\" style=\"left:65px;bottom:654px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">the Group operates. Other payables include $10m (2021: $14m) of interest on these provisions. There are $37m (2021: $106m) of tax </div>\n<div class=\"t s1_181\" id=\"tk_181\" style=\"left:65px;bottom:639px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">receivables relating to payments on account and repayments due in a number of jurisdictions, principally relating to the US. </div>\n<div class=\"t s1_181\" id=\"tl_181\" style=\"left:65px;bottom:615px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group believes that it has made adequate provision in respect of additional tax liabilities that may arise from unagreed years, tax </div>\n<div class=\"t s1_181\" id=\"tm_181\" style=\"left:65px;bottom:600px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">audits and disputes, the majority of which relate to transfer pricing matters, as would be expected for a Group operating internationally. </div>\n<div class=\"t s1_181\" id=\"tn_181\" style=\"left:65px;bottom:584px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">However, the actual liability for any particular issue may be higher or lower than the amount provided, resulting in a negative or positive </div>\n<div class=\"t s1_181\" id=\"to_181\" style=\"left:65px;bottom:569px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">e\ufb00ect on the tax charge in any given year. A reduction in the tax charge may also arise for other reasons such as an expiry of the relevant </div>\n<div class=\"t s1_181\" id=\"tp_181\" style=\"left:65px;bottom:554px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">statute of limitations. Depending on the \ufb01nal outcome of tax audits which are currently in progress, statute of limitations expiry, and </div>\n<div class=\"t s1_181\" id=\"tq_181\" style=\"left:65px;bottom:539px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">other factors, an impact on the tax charge could arise. Whilst such an impact can vary from year to year, these releases depend on </div>\n<div class=\"t s1_181\" id=\"tr_181\" style=\"left:65px;bottom:523px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">factors which are uncertain, both as to outcome and timing. However, at the current time, we believe the possibility of a material impact </div>\n<div class=\"t s1_181\" id=\"ts_181\" style=\"left:65px;bottom:508px;letter-spacing:0.04px;word-spacing:-0.02px;display:inline;\">on\u00a0the tax charge for 2023 is unlikely. </div>\n<div class=\"t s2_181\" id=\"tt_181\" style=\"left:65px;bottom:483px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">OECD BEPS 2.0 \u2013 Pillar Two </div>\n<div class=\"t s1_181\" id=\"tu_181\" style=\"left:65px;bottom:466px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The OECD Pillar Two Globe Rules introduce a global minimum corporate tax rate of 15% applicable to multinational enterprise (MNE) </div>\n<div class=\"t s1_181\" id=\"tv_181\" style=\"left:65px;bottom:451px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">groups with global revenue over \u20ac750m. All participating OECD members are required to incorporate these rules into national legislation. </div>\n<div class=\"t s1_181\" id=\"tw_181\" style=\"left:65px;bottom:435px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On 2 February 2023, the OECD published its Agreed Administrative Guidance for the Pillar Two Globe Rules providing greater detail on </div>\n<div class=\"t s1_181\" id=\"tx_181\" style=\"left:65px;bottom:420px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">the application of the rules. The Group will be subject to the Pillar Two Model Rules which is likely to result in an increase in our\u00a0Group tax </div>\n<div class=\"t s1_181\" id=\"ty_181\" style=\"left:65px;bottom:405px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">rate from 2024 onwards. The Group does not meet the threshold for application of the Pillar One transfer pricing rules. </div>\n<div class=\"t s3_181\" id=\"tz_181\" style=\"left:831px;bottom:11px;letter-spacing:-1.49px;display:inline;\">179 </div><div class=\"t s4_181\" id=\"t10_181\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s5_181\" id=\"t11_181\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s6_181\" id=\"t12_181\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s6_181\" id=\"t13_181\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s7_181\" id=\"t14_181\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s6_181\" id=\"t15_181\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_182\" id=\"t1_182\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_182\" id=\"t2_182\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_182\" id=\"t3_182\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_182\" id=\"t4_182\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_182\" id=\"t5_182\" style=\"left:43px;bottom:956px;display:inline;\">5 </div><div class=\"t s6_182\" id=\"t6_182\" style=\"left:56px;bottom:956px;letter-spacing:-0.22px;display:inline;\">Taxation </div><div class=\"t s7_182\" id=\"t7_182\" style=\"left:119px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_182\" id=\"t8_182\" style=\"left:43px;bottom:939px;letter-spacing:-0.24px;word-spacing:-0.01px;display:inline;\">The UK standard rate of corporation tax for 2022 is 19.0% (2021: 19.0%, 2020: 19.0%). Overseas taxation is calculated at the rates prevailing </div>\n<div class=\"t s8_182\" id=\"t9_182\" style=\"left:43px;bottom:924px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0the respective jurisdictions. The table below reconciles the expected tax charge at the UK statutory rate with the actual tax charge. </div>\n<div class=\"t s8_182\" id=\"ta_182\" style=\"left:43px;bottom:900px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">The UK Government announced on 14 October 2022 that the UK corporation tax rate will increase to 25% from 1 April 2023 as already </div>\n<div class=\"t s8_182\" id=\"tb_182\" style=\"left:43px;bottom:885px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">enacted in the UK Finance Act 2021. The impact of this rate change is re\ufb02ected in the calculation of the taxation charge, and in the tax </div>\n<div class=\"t s8_182\" id=\"tc_182\" style=\"left:43px;bottom:869px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">reconciliation below. </div>\n<div class=\"t s9_182\" id=\"td_182\" style=\"left:640px;bottom:856px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_182\" id=\"te_182\" style=\"left:727px;bottom:856px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_182\" id=\"tf_182\" style=\"left:813px;bottom:856px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_182\" id=\"tg_182\" style=\"left:585px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"th_182\" style=\"left:587px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"ti_182\" style=\"left:589px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tj_182\" style=\"left:592px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tk_182\" style=\"left:625px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tl_182\" style=\"left:671px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tm_182\" style=\"left:674px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tn_182\" style=\"left:676px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"to_182\" style=\"left:678px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tp_182\" style=\"left:711px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tq_182\" style=\"left:758px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tr_182\" style=\"left:760px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"ts_182\" style=\"left:763px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tt_182\" style=\"left:765px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tu_182\" style=\"left:798px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tv_182\" style=\"left:844px;bottom:844px;display:inline;\">\u00a0</div>\n<div class=\"t sa_182\" id=\"tw_182\" style=\"left:43px;bottom:824px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Pro\ufb01t before taxation </div><div class=\"t sb_182\" id=\"tx_182\" style=\"left:642px;bottom:824px;letter-spacing:-0.25px;display:inline;\">235 </div><div class=\"t s8_182\" id=\"ty_182\" style=\"left:730px;bottom:824px;letter-spacing:-0.07px;display:inline;\">586 </div><div class=\"t s8_182\" id=\"tz_182\" style=\"left:817px;bottom:824px;letter-spacing:-0.37px;display:inline;\">246 </div>\n<div class=\"t s8_182\" id=\"t10_182\" style=\"left:43px;bottom:805px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">Expected taxation at UK statutory rate of 19.0% (2021: 19.0%, 2020: 19%) </div><div class=\"t sb_182\" id=\"t11_182\" style=\"left:650px;bottom:805px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t s8_182\" id=\"t12_182\" style=\"left:731px;bottom:805px;letter-spacing:-0.53px;display:inline;\">111 </div><div class=\"t s8_182\" id=\"t13_182\" style=\"left:825px;bottom:805px;letter-spacing:-0.59px;display:inline;\">47 </div>\n<div class=\"t s8_182\" id=\"t14_182\" style=\"left:43px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Di\ufb00erences in overseas taxation rates </div><div class=\"t sb_182\" id=\"t15_182\" style=\"left:645px;bottom:787px;letter-spacing:-0.35px;display:inline;\">(19) </div><div class=\"t s8_182\" id=\"t16_182\" style=\"left:734px;bottom:787px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_182\" id=\"t17_182\" style=\"left:820px;bottom:787px;letter-spacing:-0.01px;display:inline;\">(37) </div>\n<div class=\"t s8_182\" id=\"t18_182\" style=\"left:43px;bottom:769px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Innovation reliefs </div><div class=\"t sb_182\" id=\"t19_182\" style=\"left:645px;bottom:769px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t1a_182\" style=\"left:734px;bottom:769px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t s8_182\" id=\"t1b_182\" style=\"left:828px;bottom:769px;letter-spacing:-0.16px;display:inline;\">(9) </div>\n<div class=\"t s8_182\" id=\"t1c_182\" style=\"left:43px;bottom:750px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Tax losses and other deferred tax assets not recognised </div><div class=\"t sb_182\" id=\"t1d_182\" style=\"left:659px;bottom:750px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t1e_182\" style=\"left:745px;bottom:750px;display:inline;\">7 </div><div class=\"t s8_182\" id=\"t1f_182\" style=\"left:824px;bottom:750px;letter-spacing:-0.24px;display:inline;\">15 </div>\n<div class=\"t s8_182\" id=\"t1g_182\" style=\"left:43px;bottom:732px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Recognition of previously unrecognised tax losses </div><div class=\"t sb_182\" id=\"t1h_182\" style=\"left:654px;bottom:732px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t s8_182\" id=\"t1i_182\" style=\"left:742px;bottom:732px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t1j_182\" style=\"left:821px;bottom:732px;letter-spacing:-0.3px;display:inline;\">(45) </div>\n<div class=\"t s8_182\" id=\"t1k_182\" style=\"left:43px;bottom:713px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Expenses not deductible for tax purposes </div>\n<div class=\"t sc_182\" id=\"t1l_182\" style=\"left:286px;bottom:720px;display:inline;\">1 </div>\n<div class=\"t sb_182\" id=\"t1m_182\" style=\"left:650px;bottom:713px;letter-spacing:-0.61px;display:inline;\">31 </div><div class=\"t s8_182\" id=\"t1n_182\" style=\"left:738px;bottom:713px;letter-spacing:-0.4px;display:inline;\">22 </div><div class=\"t s8_182\" id=\"t1o_182\" style=\"left:824px;bottom:713px;letter-spacing:-0.26px;display:inline;\">29 </div>\n<div class=\"t s8_182\" id=\"t1p_182\" style=\"left:43px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Change in tax rates </div>\n<div class=\"t sc_182\" id=\"t1q_182\" style=\"left:157px;bottom:702px;display:inline;\">2 </div>\n<div class=\"t sb_182\" id=\"t1r_182\" style=\"left:653px;bottom:695px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s8_182\" id=\"t1s_182\" style=\"left:735px;bottom:695px;letter-spacing:-0.35px;display:inline;\">(14) </div><div class=\"t s8_182\" id=\"t1t_182\" style=\"left:821px;bottom:695px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s8_182\" id=\"t1u_182\" style=\"left:43px;bottom:676px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Withholding tax on unremitted earnings </div><div class=\"t sb_182\" id=\"t1v_182\" style=\"left:658px;bottom:676px;display:inline;\">1 </div><div class=\"t s8_182\" id=\"t1w_182\" style=\"left:742px;bottom:676px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s8_182\" id=\"t1x_182\" style=\"left:832px;bottom:676px;display:inline;\">7 </div>\n<div class=\"t s8_182\" id=\"t1y_182\" style=\"left:43px;bottom:658px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjustments in respect of prior\u00a0years\u00b3 </div><div class=\"t sb_182\" id=\"t1z_182\" style=\"left:645px;bottom:658px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s8_182\" id=\"t20_182\" style=\"left:734px;bottom:658px;letter-spacing:-0.12px;display:inline;\">(29) </div><div class=\"t s8_182\" id=\"t21_182\" style=\"left:813px;bottom:658px;letter-spacing:-0.23px;display:inline;\">(197) </div>\n<div class=\"t sa_182\" id=\"t22_182\" style=\"left:43px;bottom:640px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total taxation charge/(credit) as per the income statement </div><div class=\"t sb_182\" id=\"t23_182\" style=\"left:650px;bottom:640px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s8_182\" id=\"t24_182\" style=\"left:738px;bottom:640px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t s8_182\" id=\"t25_182\" style=\"left:813px;bottom:640px;letter-spacing:-0.24px;display:inline;\">(202) </div>\n<div class=\"t sd_182\" id=\"t26_182\" style=\"left:43px;bottom:616px;display:inline;\">1 </div><div class=\"t sd_182\" id=\"t27_182\" style=\"left:56px;bottom:616px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">In 2022, this includes a $7m impact of non-tax deductible impairment on UK owned investments (2021: $17m impact of non-taxable accounting gains recognised on UK-owned investments). </div>\n<div class=\"t sd_182\" id=\"t28_182\" style=\"left:43px;bottom:603px;display:inline;\">2 </div><div class=\"t sd_182\" id=\"t29_182\" style=\"left:56px;bottom:603px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">In 2022, the tax rate changes primarily relate to an increase in deferred tax resulting from the increase in the UK corporation tax rate due to come into e\ufb00ect on 1 April 2023. In 2021, the net </div>\n<div class=\"t sd_182\" id=\"t2a_182\" style=\"left:56px;bottom:591px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">impact to deferred tax assets and liabilities was $6m which comprised $14m in the income statement and $8m in other comprehensive income as shown in the table below. </div>\n<div class=\"t sd_182\" id=\"t2b_182\" style=\"left:43px;bottom:579px;display:inline;\">3 </div><div class=\"t sd_182\" id=\"t2c_182\" style=\"left:56px;bottom:579px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">The adjustments in respect of prior years are explained on page 179. </div>\n<div class=\"t se_182\" id=\"t2d_182\" style=\"left:43px;bottom:552px;letter-spacing:-0.2px;display:inline;\">5.2 </div><div class=\"t sf_182\" id=\"t2e_182\" style=\"left:66px;bottom:552px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Deferred taxation </div>\n<div class=\"t s8_182\" id=\"t2f_182\" style=\"left:43px;bottom:535px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Movements in the main components of deferred tax assets and liabilities were as follows: </div>\n<div class=\"t s9_182\" id=\"t2g_182\" style=\"left:730px;bottom:522px;letter-spacing:-0.13px;display:inline;\">Inventory, </div>\n<div class=\"t s9_182\" id=\"t2h_182\" style=\"left:382px;bottom:509px;letter-spacing:-0.12px;display:inline;\">Accelerated </div><div class=\"t s9_182\" id=\"t2i_182\" style=\"left:546px;bottom:509px;letter-spacing:-0.1px;display:inline;\">Retirement </div><div class=\"t s9_182\" id=\"t2j_182\" style=\"left:660px;bottom:509px;letter-spacing:-0.13px;display:inline;\">Losses </div><div class=\"t s9_182\" id=\"t2k_182\" style=\"left:730px;bottom:509px;letter-spacing:-0.08px;display:inline;\">provisions </div>\n<div class=\"t s9_182\" id=\"t2l_182\" style=\"left:425px;bottom:497px;letter-spacing:0.02px;display:inline;\">tax </div><div class=\"t s9_182\" id=\"t2m_182\" style=\"left:566px;bottom:497px;letter-spacing:-0.06px;display:inline;\">bene\ufb01t </div><div class=\"t s9_182\" id=\"t2n_182\" style=\"left:646px;bottom:497px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">and other </div><div class=\"t s9_182\" id=\"t2o_182\" style=\"left:732px;bottom:497px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">and\u00a0other </div>\n<div class=\"t s9_182\" id=\"t2p_182\" style=\"left:380px;bottom:485px;letter-spacing:-0.09px;display:inline;\">depreciation </div><div class=\"t s9_182\" id=\"t2q_182\" style=\"left:465px;bottom:485px;letter-spacing:-0.08px;display:inline;\">Intangibles </div><div class=\"t s9_182\" id=\"t2r_182\" style=\"left:547px;bottom:485px;letter-spacing:-0.08px;display:inline;\">obligations </div><div class=\"t s9_182\" id=\"t2s_182\" style=\"left:624px;bottom:485px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">tax attributes </div><div class=\"t s9_182\" id=\"t2t_182\" style=\"left:724px;bottom:485px;letter-spacing:-0.08px;display:inline;\">di\ufb00erences </div><div class=\"t s9_182\" id=\"t2u_182\" style=\"left:815px;bottom:485px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_182\" id=\"t2v_182\" style=\"left:368px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2w_182\" style=\"left:370px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2x_182\" style=\"left:373px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2y_182\" style=\"left:375px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2z_182\" style=\"left:400px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t30_182\" style=\"left:446px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t31_182\" style=\"left:448px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t32_182\" style=\"left:451px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t33_182\" style=\"left:453px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t34_182\" style=\"left:478px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t35_182\" style=\"left:524px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t36_182\" style=\"left:526px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t37_182\" style=\"left:529px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t38_182\" style=\"left:531px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t39_182\" style=\"left:560px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3a_182\" style=\"left:606px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3b_182\" style=\"left:609px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3c_182\" style=\"left:611px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3d_182\" style=\"left:613px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3e_182\" style=\"left:651px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3f_182\" style=\"left:697px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3g_182\" style=\"left:700px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3h_182\" style=\"left:702px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3i_182\" style=\"left:704px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3j_182\" style=\"left:737px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3k_182\" style=\"left:784px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3l_182\" style=\"left:786px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3m_182\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3n_182\" style=\"left:791px;bottom:473px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div>\n<div class=\"t s8_182\" id=\"t3o_182\" style=\"left:43px;bottom:453px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s8_182\" id=\"t3p_182\" style=\"left:423px;bottom:453px;letter-spacing:-0.53px;display:inline;\">(61) </div><div class=\"t s8_182\" id=\"t3q_182\" style=\"left:492px;bottom:453px;letter-spacing:-0.1px;display:inline;\">(209) </div><div class=\"t s8_182\" id=\"t3r_182\" style=\"left:594px;bottom:453px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t3s_182\" style=\"left:670px;bottom:453px;letter-spacing:-0.29px;display:inline;\">123 </div><div class=\"t s8_182\" id=\"t3t_182\" style=\"left:756px;bottom:453px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s8_182\" id=\"t3u_182\" style=\"left:825px;bottom:453px;letter-spacing:-0.74px;display:inline;\">61 </div>\n<div class=\"t s8_182\" id=\"t3v_182\" style=\"left:43px;bottom:435px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s8_182\" id=\"t3w_182\" style=\"left:433px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3x_182\" style=\"left:511px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3y_182\" style=\"left:591px;bottom:435px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t3z_182\" style=\"left:684px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t40_182\" style=\"left:767px;bottom:435px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_182\" id=\"t41_182\" style=\"left:828px;bottom:435px;letter-spacing:-0.15px;display:inline;\">(8) </div>\n<div class=\"t s8_182\" id=\"t42_182\" style=\"left:43px;bottom:416px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t s8_182\" id=\"t43_182\" style=\"left:426px;bottom:416px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t s8_182\" id=\"t44_182\" style=\"left:504px;bottom:416px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t s8_182\" id=\"t45_182\" style=\"left:594px;bottom:416px;display:inline;\">1 </div><div class=\"t s8_182\" id=\"t46_182\" style=\"left:685px;bottom:416px;display:inline;\">4 </div><div class=\"t s8_182\" id=\"t47_182\" style=\"left:761px;bottom:416px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t48_182\" style=\"left:824px;bottom:416px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t s8_182\" id=\"t49_182\" style=\"left:43px;bottom:398px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t s8_182\" id=\"t4a_182\" style=\"left:430px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4b_182\" style=\"left:504px;bottom:398px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4c_182\" style=\"left:593px;bottom:398px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4d_182\" style=\"left:674px;bottom:398px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t4e_182\" style=\"left:768px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4f_182\" style=\"left:829px;bottom:398px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s8_182\" id=\"t4g_182\" style=\"left:43px;bottom:380px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t s8_182\" id=\"t4h_182\" style=\"left:433px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4i_182\" style=\"left:511px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4j_182\" style=\"left:582px;bottom:380px;letter-spacing:-0.16px;display:inline;\">(15) </div><div class=\"t s8_182\" id=\"t4k_182\" style=\"left:684px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4l_182\" style=\"left:767px;bottom:380px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_182\" id=\"t4m_182\" style=\"left:820px;bottom:380px;letter-spacing:-0.11px;display:inline;\">(20) </div>\n<div class=\"t s8_182\" id=\"t4n_182\" style=\"left:43px;bottom:361px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t s8_182\" id=\"t4o_182\" style=\"left:433px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4p_182\" style=\"left:511px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4q_182\" style=\"left:593px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4r_182\" style=\"left:684px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4s_182\" style=\"left:768px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t4t_182\" style=\"left:829px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s8_182\" id=\"t4u_182\" style=\"left:43px;bottom:343px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t s8_182\" id=\"t4v_182\" style=\"left:433px;bottom:343px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4w_182\" style=\"left:508px;bottom:343px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4x_182\" style=\"left:590px;bottom:343px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t s8_182\" id=\"t4y_182\" style=\"left:677px;bottom:343px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4z_182\" style=\"left:771px;bottom:343px;display:inline;\">6 </div><div class=\"t s8_182\" id=\"t50_182\" style=\"left:832px;bottom:343px;display:inline;\">6 </div>\n<div class=\"t s8_182\" id=\"t51_182\" style=\"left:43px;bottom:324px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t s8_182\" id=\"t52_182\" style=\"left:434px;bottom:324px;display:inline;\">2 </div><div class=\"t s8_182\" id=\"t53_182\" style=\"left:500px;bottom:324px;letter-spacing:-0.17px;display:inline;\">(22) </div><div class=\"t s8_182\" id=\"t54_182\" style=\"left:593px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t55_182\" style=\"left:685px;bottom:324px;display:inline;\">3 </div><div class=\"t s8_182\" id=\"t56_182\" style=\"left:771px;bottom:324px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t57_182\" style=\"left:821px;bottom:324px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s8_182\" id=\"t58_182\" style=\"left:43px;bottom:306px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s8_182\" id=\"t59_182\" style=\"left:423px;bottom:306px;letter-spacing:-0.3px;display:inline;\">(45) </div><div class=\"t s8_182\" id=\"t5a_182\" style=\"left:493px;bottom:306px;letter-spacing:-0.24px;display:inline;\">(199) </div><div class=\"t s8_182\" id=\"t5b_182\" style=\"left:583px;bottom:306px;letter-spacing:-0.26px;display:inline;\">(18) </div><div class=\"t s8_182\" id=\"t5c_182\" style=\"left:669px;bottom:306px;letter-spacing:-0.08px;display:inline;\">130 </div><div class=\"t s8_182\" id=\"t5d_182\" style=\"left:756px;bottom:306px;letter-spacing:-0.28px;display:inline;\">189 </div><div class=\"t s8_182\" id=\"t5e_182\" style=\"left:825px;bottom:306px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s8_182\" id=\"t5f_182\" style=\"left:43px;bottom:287px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_182\" id=\"t5g_182\" style=\"left:434px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5h_182\" style=\"left:511px;bottom:287px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5i_182\" style=\"left:593px;bottom:287px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t5j_182\" style=\"left:685px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5k_182\" style=\"left:758px;bottom:287px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t sb_182\" id=\"t5l_182\" style=\"left:826px;bottom:287px;letter-spacing:0.1px;display:inline;\">(7) </div>\n<div class=\"t s8_182\" id=\"t5m_182\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t sb_182\" id=\"t5n_182\" style=\"left:420px;bottom:269px;letter-spacing:-0.18px;display:inline;\">(28) </div><div class=\"t sb_182\" id=\"t5o_182\" style=\"left:503px;bottom:269px;letter-spacing:-0.31px;display:inline;\">15 </div><div class=\"t sb_182\" id=\"t5p_182\" style=\"left:593px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5q_182\" style=\"left:684px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5r_182\" style=\"left:762px;bottom:269px;display:inline;\">88 </div><div class=\"t sb_182\" id=\"t5s_182\" style=\"left:823px;bottom:269px;letter-spacing:-0.23px;display:inline;\">77 </div>\n<div class=\"t s8_182\" id=\"t5t_182\" style=\"left:43px;bottom:251px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t sb_182\" id=\"t5u_182\" style=\"left:434px;bottom:251px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5v_182\" style=\"left:511px;bottom:251px;display:inline;\">4 </div><div class=\"t sb_182\" id=\"t5w_182\" style=\"left:593px;bottom:251px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5x_182\" style=\"left:684px;bottom:251px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t5y_182\" style=\"left:771px;bottom:251px;display:inline;\">3 </div><div class=\"t sb_182\" id=\"t5z_182\" style=\"left:824px;bottom:251px;letter-spacing:-1.09px;display:inline;\">17 </div>\n<div class=\"t s8_182\" id=\"t60_182\" style=\"left:43px;bottom:232px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t sb_182\" id=\"t61_182\" style=\"left:434px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t62_182\" style=\"left:512px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t63_182\" style=\"left:588px;bottom:232px;letter-spacing:0.1px;display:inline;\">(7) </div><div class=\"t sb_182\" id=\"t64_182\" style=\"left:685px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t65_182\" style=\"left:771px;bottom:232px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t66_182\" style=\"left:826px;bottom:232px;letter-spacing:-0.2px;display:inline;\">(5) </div>\n<div class=\"t s8_182\" id=\"t67_182\" style=\"left:43px;bottom:214px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t sb_182\" id=\"t68_182\" style=\"left:434px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t69_182\" style=\"left:512px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6a_182\" style=\"left:594px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6b_182\" style=\"left:685px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6c_182\" style=\"left:766px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_182\" id=\"t6d_182\" style=\"left:826px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div>\n<div class=\"t s8_182\" id=\"t6e_182\" style=\"left:43px;bottom:195px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t sb_182\" id=\"t6f_182\" style=\"left:428px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6g_182\" style=\"left:506px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6h_182\" style=\"left:594px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6i_182\" style=\"left:685px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6j_182\" style=\"left:771px;bottom:195px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t6k_182\" style=\"left:831px;bottom:195px;display:inline;\">5 </div>\n<div class=\"t sa_182\" id=\"t6l_182\" style=\"left:43px;bottom:177px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_182\" id=\"t6m_182\" style=\"left:420px;bottom:177px;letter-spacing:-0.19px;display:inline;\">(75) </div><div class=\"t sb_182\" id=\"t6n_182\" style=\"left:490px;bottom:177px;letter-spacing:-0.42px;display:inline;\">(181) </div><div class=\"t sb_182\" id=\"t6o_182\" style=\"left:581px;bottom:177px;letter-spacing:-0.45px;display:inline;\">(21) </div><div class=\"t sb_182\" id=\"t6p_182\" style=\"left:667px;bottom:177px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_182\" id=\"t6q_182\" style=\"left:754px;bottom:177px;letter-spacing:-0.43px;display:inline;\">278 </div><div class=\"t sb_182\" id=\"t6r_182\" style=\"left:815px;bottom:177px;letter-spacing:-0.44px;display:inline;\">141 </div>\n<div class=\"t s8_182\" id=\"t6s_182\" style=\"left:43px;bottom:148px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Represented by: </div>\n<div class=\"t s9_182\" id=\"t6t_182\" style=\"left:727px;bottom:134px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_182\" id=\"t6u_182\" style=\"left:813px;bottom:134px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_182\" id=\"t6v_182\" style=\"left:671px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6w_182\" style=\"left:674px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6x_182\" style=\"left:676px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6y_182\" style=\"left:678px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6z_182\" style=\"left:711px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t70_182\" style=\"left:758px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t71_182\" style=\"left:760px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t72_182\" style=\"left:763px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t73_182\" style=\"left:765px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t74_182\" style=\"left:798px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s9_182\" id=\"t75_182\" style=\"left:844px;bottom:118px;display:inline;\">\u00a0</div>\n<div class=\"t s8_182\" id=\"t76_182\" style=\"left:43px;bottom:103px;letter-spacing:0.19px;word-spacing:-0.16px;display:inline;\">Deferred tax assets </div><div class=\"t sb_182\" id=\"t77_182\" style=\"left:729px;bottom:103px;letter-spacing:-0.64px;display:inline;\">177 </div><div class=\"t s8_182\" id=\"t78_182\" style=\"left:817px;bottom:103px;letter-spacing:-0.46px;display:inline;\">201 </div>\n<div class=\"t s8_182\" id=\"t79_182\" style=\"left:43px;bottom:84px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div><div class=\"t sb_182\" id=\"t7a_182\" style=\"left:731px;bottom:84px;letter-spacing:-0.12px;display:inline;\">(36) </div><div class=\"t s8_182\" id=\"t7b_182\" style=\"left:813px;bottom:84px;letter-spacing:-0.21px;display:inline;\">(144) </div>\n<div class=\"t sa_182\" id=\"t7c_182\" style=\"left:43px;bottom:66px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Net position at 31 December </div><div class=\"t sb_182\" id=\"t7d_182\" style=\"left:729px;bottom:66px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t s8_182\" id=\"t7e_182\" style=\"left:825px;bottom:66px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t sg_182\" id=\"t7f_182\" style=\"left:43px;bottom:11px;letter-spacing:-0.65px;display:inline;\">180 </div><div class=\"t sh_182\" id=\"t7g_182\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t si_182\" id=\"t7h_182\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_183\" id=\"t1_183\" style=\"left:65px;bottom:958px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">The deferred tax asset of $278m (2021: $189m) relating to inventory, provisions and other di\ufb00erences comprises deferred tax relating </div>\n<div class=\"t s1_183\" id=\"t2_183\" style=\"left:65px;bottom:943px;letter-spacing:-0.01px;word-spacing:0.04px;display:inline;\">to inventory of $117m (2021: $116m), provisions and other short-term temporary di\ufb00erences of $153m (2021: $65m) and bad debt </div>\n<div class=\"t s1_183\" id=\"t3_183\" style=\"left:65px;bottom:927px;letter-spacing:-0.03px;word-spacing:0.06px;display:inline;\">provisions of $8m (2021: $8m). </div>\n<div class=\"t s1_183\" id=\"t4_183\" style=\"left:65px;bottom:903px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The Group has gross unused trading and non-trading tax losses of $839m (2021: $841m), gross unused research and development </div>\n<div class=\"t s1_183\" id=\"t5_183\" style=\"left:65px;bottom:888px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">tax credits of $24m (2021: $21m) and gross unused capital losses of $97m (2021: $108m), available for o\ufb00set against future pro\ufb01ts. </div>\n<div class=\"t s1_183\" id=\"t6_183\" style=\"left:65px;bottom:873px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">None of\u00a0these amounts are due to expire within \ufb01ve years from the balance sheet date if not utilised. </div>\n<div class=\"t s1_183\" id=\"t7_183\" style=\"left:65px;bottom:849px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">A deferred tax asset of $140m (2021: $130m) has been recognised in respect of $541m (2021: $508m) of the trading and non-trading </div>\n<div class=\"t s1_183\" id=\"t8_183\" style=\"left:65px;bottom:834px;letter-spacing:0.02px;word-spacing:-0.05px;display:inline;\">tax\u00a0losses and $12m (2021: $21m) of research and development tax credits. No deferred tax asset has been recognised on the remaining </div>\n<div class=\"t s1_183\" id=\"t9_183\" style=\"left:65px;bottom:818px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">unused tax losses as it is not probable that future taxable pro\ufb01ts will be available against which they can be utilised. </div>\n<div class=\"t s1_183\" id=\"ta_183\" style=\"left:65px;bottom:794px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Management will reassess the recoverability of deferred tax assets at each balance sheet date by taking into account all relevant and </div>\n<div class=\"t s1_183\" id=\"tb_183\" style=\"left:65px;bottom:779px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">available information. The Group assesses the likelihood of these being recovered within a reasonably foreseeable timeframe, being </div>\n<div class=\"t s1_183\" id=\"tc_183\" style=\"left:65px;bottom:764px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">typically a minimum of \ufb01ve years, taking into account the future expected pro\ufb01t pro\ufb01le and business model of each relevant company </div>\n<div class=\"t s1_183\" id=\"td_183\" style=\"left:65px;bottom:749px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">or country, and any potential legislative restrictions on use. Short-term timing di\ufb00erences are generally recognised ahead of losses </div>\n<div class=\"t s1_183\" id=\"te_183\" style=\"left:65px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and\u00a0other tax attributes as being likely to reverse more quickly. </div>\n<div class=\"t s2_183\" id=\"tf_183\" style=\"left:65px;bottom:706px;display:inline;\">6 </div><div class=\"t s3_183\" id=\"tg_183\" style=\"left:78px;bottom:706px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Earnings per ordinary share </div>\n<div class=\"t s4_183\" id=\"th_183\" style=\"left:74px;bottom:680px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s5_183\" id=\"ti_183\" style=\"left:74px;bottom:662px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Earnings per share </div>\n<div class=\"t s6_183\" id=\"tj_183\" style=\"left:74px;bottom:644px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Basic earnings per share is calculated by dividing the pro\ufb01t attributable to equity holders by the weighted average number of </div>\n<div class=\"t s6_183\" id=\"tk_183\" style=\"left:74px;bottom:629px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">ordinary\u00a0shares in\u00a0issue during the year, excluding shares held by the Company in the Employees\u2019 Share Trust or as treasury shares. </div>\n<div class=\"t s5_183\" id=\"tl_183\" style=\"left:74px;bottom:604px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Diluted earnings per share </div>\n<div class=\"t s6_183\" id=\"tm_183\" style=\"left:74px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Diluted earnings per share is calculated by adjusting the basic earnings per share for the e\ufb00ect of conversion to ordinary shares </div>\n<div class=\"t s6_183\" id=\"tn_183\" style=\"left:74px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">associated with\u00a0dilutive potential ordinary shares, which comprise share options and awards granted to employees. </div>\n<div class=\"t s5_183\" id=\"to_183\" style=\"left:74px;bottom:547px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Adjusted earnings per share </div>\n<div class=\"t s6_183\" id=\"tp_183\" style=\"left:74px;bottom:530px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted earnings per share (or adjusted basic earnings per share) is a trend measure which presents the long-term pro\ufb01tability </div>\n<div class=\"t s6_183\" id=\"tq_183\" style=\"left:74px;bottom:514px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0the Group excluding the impact of speci\ufb01c transactions that management considers a\ufb00ects the Group\u2019s short-term pro\ufb01tability. </div>\n<div class=\"t s6_183\" id=\"tr_183\" style=\"left:74px;bottom:499px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group presents this measure to assist investors in their understanding of trends. Adjusted attributable pro\ufb01t is the numerator </div>\n<div class=\"t s6_183\" id=\"ts_183\" style=\"left:74px;bottom:484px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">used for this measure. The Group has identi\ufb01ed the following items as those to be excluded when arriving at adjusted attributable </div>\n<div class=\"t s6_183\" id=\"tt_183\" style=\"left:74px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">pro\ufb01t: acquisition and disposal-related items including amortisation and impairment of acquisition intangible assets; signi\ufb01cant </div>\n<div class=\"t s6_183\" id=\"tu_183\" style=\"left:74px;bottom:453px;letter-spacing:-0.07px;word-spacing:-0.11px;display:inline;\">restructuring programmes; signi\ufb01cant gains and losses arising from legal disputes and other signi\ufb01cant items (including UK tax litigation) </div>\n<div class=\"t s6_183\" id=\"tv_183\" style=\"left:74px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and taxation thereon. Adjusted diluted earnings per share is calculated by adjusting the adjusted basic earnings per share for the </div>\n<div class=\"t s6_183\" id=\"tw_183\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">e\ufb00ect of conversion to ordinary shares associated with dilutive potential ordinary shares, which comprise share options and awards </div>\n<div class=\"t s6_183\" id=\"tx_183\" style=\"left:74px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">granted to employees. </div>\n<div class=\"t s7_183\" id=\"ty_183\" style=\"left:830px;bottom:11px;letter-spacing:-1.14px;display:inline;\">181 </div><div class=\"t s8_183\" id=\"tz_183\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s9_183\" id=\"t10_183\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sa_183\" id=\"t11_183\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sa_183\" id=\"t12_183\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sb_183\" id=\"t13_183\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sa_183\" id=\"t14_183\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_184\" id=\"t1_184\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_184\" id=\"t2_184\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_184\" id=\"t3_184\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_184\" id=\"t4_184\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_184\" id=\"t5_184\" style=\"left:43px;bottom:956px;display:inline;\">6 </div><div class=\"t s6_184\" id=\"t6_184\" style=\"left:56px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Earnings per ordinary share </div><div class=\"t s7_184\" id=\"t7_184\" style=\"left:246px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_184\" id=\"t8_184\" style=\"left:43px;bottom:939px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculations of the basic, diluted and adjusted earnings per ordinary share are based on the following attributable pro\ufb01t and numbers </div>\n<div class=\"t s8_184\" id=\"t9_184\" style=\"left:43px;bottom:924px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">of shares: </div>\n<div class=\"t s9_184\" id=\"ta_184\" style=\"left:640px;bottom:902px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_184\" id=\"tb_184\" style=\"left:727px;bottom:902px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_184\" id=\"tc_184\" style=\"left:813px;bottom:902px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_184\" id=\"td_184\" style=\"left:585px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"te_184\" style=\"left:587px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tf_184\" style=\"left:589px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tg_184\" style=\"left:592px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"th_184\" style=\"left:625px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"ti_184\" style=\"left:671px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tj_184\" style=\"left:674px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tk_184\" style=\"left:676px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tl_184\" style=\"left:678px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tm_184\" style=\"left:711px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"tn_184\" style=\"left:758px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"to_184\" style=\"left:760px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tp_184\" style=\"left:763px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tq_184\" style=\"left:765px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tr_184\" style=\"left:798px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"ts_184\" style=\"left:844px;bottom:889px;display:inline;\">\u00a0</div>\n<div class=\"t sa_184\" id=\"tt_184\" style=\"left:48px;bottom:870px;letter-spacing:0.18px;display:inline;\">Earnings </div>\n<div class=\"t s8_184\" id=\"tu_184\" style=\"left:43px;bottom:851px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t for the\u00a0year </div><div class=\"t sb_184\" id=\"tv_184\" style=\"left:642px;bottom:851px;letter-spacing:-0.35px;display:inline;\">223 </div><div class=\"t s8_184\" id=\"tw_184\" style=\"left:731px;bottom:851px;letter-spacing:-0.68px;display:inline;\">524 </div><div class=\"t s8_184\" id=\"tx_184\" style=\"left:816px;bottom:851px;letter-spacing:0.17px;display:inline;\">448 </div>\n<div class=\"t s8_184\" id=\"ty_184\" style=\"left:43px;bottom:833px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted attributable pro\ufb01t (see below) </div><div class=\"t sb_184\" id=\"tz_184\" style=\"left:642px;bottom:833px;letter-spacing:-0.28px;display:inline;\">713 </div><div class=\"t s8_184\" id=\"t10_184\" style=\"left:731px;bottom:833px;letter-spacing:-0.56px;display:inline;\">710 </div><div class=\"t s8_184\" id=\"t11_184\" style=\"left:816px;bottom:833px;letter-spacing:-0.08px;display:inline;\">564 </div>\n<div class=\"t s8_184\" id=\"t12_184\" style=\"left:43px;bottom:804px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t is reconciled to adjusted attributable pro\ufb01t as follows: </div>\n<div class=\"t s9_184\" id=\"t13_184\" style=\"left:640px;bottom:782px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_184\" id=\"t14_184\" style=\"left:727px;bottom:782px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_184\" id=\"t15_184\" style=\"left:813px;bottom:782px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_184\" id=\"t16_184\" style=\"left:498px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t17_184\" style=\"left:500px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t18_184\" style=\"left:503px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t19_184\" style=\"left:505px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1a_184\" style=\"left:551px;bottom:770px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s9_184\" id=\"t1b_184\" style=\"left:587px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1c_184\" style=\"left:589px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1d_184\" style=\"left:592px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1e_184\" style=\"left:625px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1f_184\" style=\"left:671px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1g_184\" style=\"left:674px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1h_184\" style=\"left:676px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1i_184\" style=\"left:678px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1j_184\" style=\"left:711px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1k_184\" style=\"left:758px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1l_184\" style=\"left:760px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1m_184\" style=\"left:763px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1n_184\" style=\"left:765px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1o_184\" style=\"left:798px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1p_184\" style=\"left:844px;bottom:770px;display:inline;\">\u00a0</div>\n<div class=\"t s8_184\" id=\"t1q_184\" style=\"left:43px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t for the\u00a0year </div><div class=\"t sb_184\" id=\"t1r_184\" style=\"left:642px;bottom:750px;letter-spacing:-0.35px;display:inline;\">223 </div><div class=\"t s8_184\" id=\"t1s_184\" style=\"left:731px;bottom:750px;letter-spacing:-0.68px;display:inline;\">524 </div><div class=\"t s8_184\" id=\"t1t_184\" style=\"left:816px;bottom:750px;letter-spacing:0.17px;display:inline;\">448 </div>\n<div class=\"t s8_184\" id=\"t1u_184\" style=\"left:43px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div>\n<div class=\"t sc_184\" id=\"t1v_184\" style=\"left:267px;bottom:739px;display:inline;\">1 </div>\n<div class=\"t sb_184\" id=\"t1w_184\" style=\"left:642px;bottom:732px;letter-spacing:-0.51px;display:inline;\">162 </div><div class=\"t s8_184\" id=\"t1x_184\" style=\"left:734px;bottom:732px;display:inline;\">(73) </div><div class=\"t s8_184\" id=\"t1y_184\" style=\"left:832px;bottom:732px;display:inline;\">4 </div>\n<div class=\"t s8_184\" id=\"t1z_184\" style=\"left:43px;bottom:713px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Restructuring and rationalisation costs </div>\n<div class=\"t sc_184\" id=\"t20_184\" style=\"left:270px;bottom:720px;display:inline;\">2 </div>\n<div class=\"t s8_184\" id=\"t21_184\" style=\"left:572px;bottom:713px;display:inline;\">3 </div><div class=\"t sb_184\" id=\"t22_184\" style=\"left:642px;bottom:713px;letter-spacing:-0.31px;display:inline;\">168 </div><div class=\"t s8_184\" id=\"t23_184\" style=\"left:730px;bottom:713px;letter-spacing:-0.35px;display:inline;\">113 </div><div class=\"t s8_184\" id=\"t24_184\" style=\"left:817px;bottom:713px;letter-spacing:-0.56px;display:inline;\">124 </div>\n<div class=\"t s8_184\" id=\"t25_184\" style=\"left:43px;bottom:695px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Amortisation and impairment of acquisition intangibles </div>\n<div class=\"t sc_184\" id=\"t26_184\" style=\"left:365px;bottom:702px;display:inline;\">3 </div>\n<div class=\"t s8_184\" id=\"t27_184\" style=\"left:572px;bottom:695px;display:inline;\">9 </div><div class=\"t sb_184\" id=\"t28_184\" style=\"left:641px;bottom:695px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t s8_184\" id=\"t29_184\" style=\"left:731px;bottom:695px;letter-spacing:-0.62px;display:inline;\">172 </div><div class=\"t s8_184\" id=\"t2a_184\" style=\"left:818px;bottom:695px;letter-spacing:-0.77px;display:inline;\">171 </div>\n<div class=\"t s8_184\" id=\"t2b_184\" style=\"left:43px;bottom:676px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Legal and other </div>\n<div class=\"t sc_184\" id=\"t2c_184\" style=\"left:134px;bottom:683px;display:inline;\">4 </div>\n<div class=\"t sb_184\" id=\"t2d_184\" style=\"left:650px;bottom:676px;letter-spacing:-0.39px;display:inline;\">82 </div><div class=\"t s8_184\" id=\"t2e_184\" style=\"left:738px;bottom:676px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t s8_184\" id=\"t2f_184\" style=\"left:825px;bottom:676px;letter-spacing:-0.67px;display:inline;\">91 </div>\n<div class=\"t s8_184\" id=\"t2g_184\" style=\"left:43px;bottom:658px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">UK tax litigation </div><div class=\"t s8_184\" id=\"t2h_184\" style=\"left:572px;bottom:658px;display:inline;\">5 </div><div class=\"t sb_184\" id=\"t2i_184\" style=\"left:659px;bottom:658px;display:inline;\">\u2013 </div><div class=\"t s8_184\" id=\"t2j_184\" style=\"left:745px;bottom:658px;display:inline;\">\u2013 </div><div class=\"t s8_184\" id=\"t2k_184\" style=\"left:814px;bottom:658px;letter-spacing:-0.46px;display:inline;\">(142) </div>\n<div class=\"t s8_184\" id=\"t2l_184\" style=\"left:43px;bottom:639px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">Taxation on excluded items </div><div class=\"t s8_184\" id=\"t2m_184\" style=\"left:572px;bottom:639px;display:inline;\">5 </div><div class=\"t sb_184\" id=\"t2n_184\" style=\"left:637px;bottom:639px;letter-spacing:-0.25px;display:inline;\">(127) </div><div class=\"t s8_184\" id=\"t2o_184\" style=\"left:734px;bottom:639px;letter-spacing:-0.1px;display:inline;\">(85) </div><div class=\"t s8_184\" id=\"t2p_184\" style=\"left:813px;bottom:639px;letter-spacing:-0.29px;display:inline;\">(132) </div>\n<div class=\"t sa_184\" id=\"t2q_184\" style=\"left:43px;bottom:621px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Adjusted attributable pro\ufb01t </div><div class=\"t sb_184\" id=\"t2r_184\" style=\"left:642px;bottom:621px;letter-spacing:-0.28px;display:inline;\">713 </div><div class=\"t s8_184\" id=\"t2s_184\" style=\"left:731px;bottom:621px;letter-spacing:-0.56px;display:inline;\">710 </div><div class=\"t s8_184\" id=\"t2t_184\" style=\"left:816px;bottom:621px;letter-spacing:-0.08px;display:inline;\">564 </div>\n<div class=\"t sd_184\" id=\"t2u_184\" style=\"left:43px;bottom:597px;display:inline;\">1 </div><div class=\"t sd_184\" id=\"t2v_184\" style=\"left:56px;bottom:597px;letter-spacing:0.1px;word-spacing:-0.12px;display:inline;\">Acquisition and disposal-related items includes a $4m charge within operating pro\ufb01t (2021: $7m charge, 2020: $4m charge) and a $158m charge within share of result of associates </div>\n<div class=\"t sd_184\" id=\"t2w_184\" style=\"left:56px;bottom:585px;letter-spacing:0.07px;word-spacing:-0.09px;display:inline;\">(2021: $5m credit, 2020: $nil) and a $nil gain on disposal of interest in associate (2021: $75m gain, 2020: $nil). See details in Note 11. </div>\n<div class=\"t sd_184\" id=\"t2x_184\" style=\"left:43px;bottom:573px;display:inline;\">2 </div><div class=\"t sd_184\" id=\"t2y_184\" style=\"left:56px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">Restructuring and rationalisation costs include a $167m charge within operating pro\ufb01t (2021: $113m, 2020: $124m) and a $1m charge within share of result of associates (2021: $nil, 2020: $nil). </div>\n<div class=\"t sd_184\" id=\"t2z_184\" style=\"left:43px;bottom:560px;display:inline;\">3 </div><div class=\"t sd_184\" id=\"t30_184\" style=\"left:56px;bottom:560px;letter-spacing:0.09px;word-spacing:-0.11px;display:inline;\">In 2022, amortisation and impairment of acquisition intangibles includes a $205m charge within operating pro\ufb01t (2021: $172m charge with operating pro\ufb01t, 2020: $171m charge within </div>\n<div class=\"t sd_184\" id=\"t31_184\" style=\"left:56px;bottom:548px;letter-spacing:0.14px;word-spacing:-0.16px;display:inline;\">operating pro\ufb01t). </div>\n<div class=\"t sd_184\" id=\"t32_184\" style=\"left:43px;bottom:536px;display:inline;\">4 </div><div class=\"t sd_184\" id=\"t33_184\" style=\"left:56px;bottom:536px;letter-spacing:0.06px;word-spacing:-0.07px;display:inline;\">Legal and other charge in 2022 includes $75m (2021: $51m charge, 2020: $89m charge) within operating pro\ufb01t (refer to Note 2.6) and a $7m charge (2021: $8m charge, 2020: $8m charge) </div>\n<div class=\"t sd_184\" id=\"t34_184\" style=\"left:56px;bottom:524px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">within other \ufb01nance costs for unwinding of the discount on the provision for known, anticipated and settled metal-on-metal hip claims globally. In 2020, other \ufb01nance costs includes a credit </div>\n<div class=\"t sd_184\" id=\"t35_184\" style=\"left:56px;bottom:512px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">of\u00a0$6m for interest on a tax refund relating to the UK tax litigation case (see Note 5). </div>\n<div class=\"t s8_184\" id=\"t36_184\" style=\"left:43px;bottom:486px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The numerators used for basic and diluted earnings per ordinary share are the same. The denominators used for all categories of earnings </div>\n<div class=\"t s8_184\" id=\"t37_184\" style=\"left:43px;bottom:470px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">per ordinary share are as follows: </div>\n<div class=\"t s9_184\" id=\"t38_184\" style=\"left:585px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t39_184\" style=\"left:587px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3a_184\" style=\"left:589px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3b_184\" style=\"left:592px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3c_184\" style=\"left:640px;bottom:448px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_184\" id=\"t3d_184\" style=\"left:674px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3e_184\" style=\"left:676px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3f_184\" style=\"left:678px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3g_184\" style=\"left:727px;bottom:448px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s9_184\" id=\"t3h_184\" style=\"left:760px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3i_184\" style=\"left:763px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3j_184\" style=\"left:765px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3k_184\" style=\"left:813px;bottom:448px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t sa_184\" id=\"t3l_184\" style=\"left:48px;bottom:428px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Number\u00a0of\u00a0shares\u00a0(millions) </div>\n<div class=\"t s8_184\" id=\"t3m_184\" style=\"left:43px;bottom:410px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Basic weighted number of shares </div><div class=\"t sb_184\" id=\"t3n_184\" style=\"left:642px;bottom:410px;letter-spacing:-0.28px;display:inline;\">872 </div><div class=\"t s8_184\" id=\"t3o_184\" style=\"left:730px;bottom:410px;letter-spacing:-0.27px;display:inline;\">877 </div><div class=\"t s8_184\" id=\"t3p_184\" style=\"left:817px;bottom:410px;letter-spacing:-0.39px;display:inline;\">875 </div>\n<div class=\"t s8_184\" id=\"t3q_184\" style=\"left:43px;bottom:392px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Dilutive impact of share incentive schemes outstanding </div><div class=\"t sb_184\" id=\"t3r_184\" style=\"left:658px;bottom:392px;display:inline;\">1 </div><div class=\"t s8_184\" id=\"t3s_184\" style=\"left:745px;bottom:392px;display:inline;\">1 </div><div class=\"t s8_184\" id=\"t3t_184\" style=\"left:832px;bottom:392px;display:inline;\">2 </div>\n<div class=\"t s8_184\" id=\"t3u_184\" style=\"left:43px;bottom:373px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Diluted weighted average number of shares </div><div class=\"t sb_184\" id=\"t3v_184\" style=\"left:642px;bottom:373px;letter-spacing:-0.29px;display:inline;\">873 </div><div class=\"t s8_184\" id=\"t3w_184\" style=\"left:730px;bottom:373px;letter-spacing:-0.42px;display:inline;\">878 </div><div class=\"t s8_184\" id=\"t3x_184\" style=\"left:817px;bottom:373px;letter-spacing:-0.27px;display:inline;\">877 </div>\n<div class=\"t sa_184\" id=\"t3y_184\" style=\"left:48px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Earnings per ordinary share </div>\n<div class=\"t s8_184\" id=\"t3z_184\" style=\"left:43px;bottom:318px;letter-spacing:0.21px;display:inline;\">Basic </div><div class=\"t sb_184\" id=\"t40_184\" style=\"left:630px;bottom:318px;letter-spacing:-0.15px;display:inline;\">25.5\u00a2 </div><div class=\"t s8_184\" id=\"t41_184\" style=\"left:720px;bottom:318px;letter-spacing:-0.18px;display:inline;\">59.8\u00a2 </div><div class=\"t s8_184\" id=\"t42_184\" style=\"left:806px;bottom:318px;letter-spacing:-0.18px;display:inline;\">51.3\u00a2 </div>\n<div class=\"t s8_184\" id=\"t43_184\" style=\"left:43px;bottom:299px;letter-spacing:0.15px;display:inline;\">Diluted </div><div class=\"t sb_184\" id=\"t44_184\" style=\"left:630px;bottom:299px;letter-spacing:-0.15px;display:inline;\">25.5\u00a2 </div><div class=\"t s8_184\" id=\"t45_184\" style=\"left:721px;bottom:299px;letter-spacing:-0.62px;display:inline;\">59.7\u00a2 </div><div class=\"t s8_184\" id=\"t46_184\" style=\"left:807px;bottom:299px;letter-spacing:-0.36px;display:inline;\">51.2\u00a2 </div>\n<div class=\"t s8_184\" id=\"t47_184\" style=\"left:43px;bottom:281px;letter-spacing:0.12px;display:inline;\">Adjusted: </div>\n<div class=\"t s8_184\" id=\"t48_184\" style=\"left:56px;bottom:263px;letter-spacing:0.21px;display:inline;\">Basic </div><div class=\"t sb_184\" id=\"t49_184\" style=\"left:630px;bottom:263px;letter-spacing:-0.1px;display:inline;\">81.8\u00a2 </div><div class=\"t s8_184\" id=\"t4a_184\" style=\"left:720px;bottom:263px;letter-spacing:-0.13px;display:inline;\">80.9\u00a2 </div><div class=\"t s8_184\" id=\"t4b_184\" style=\"left:806px;bottom:263px;letter-spacing:-0.04px;display:inline;\">64.6\u00a2 </div>\n<div class=\"t s8_184\" id=\"t4c_184\" style=\"left:56px;bottom:244px;letter-spacing:0.15px;display:inline;\">Diluted </div><div class=\"t sb_184\" id=\"t4d_184\" style=\"left:630px;bottom:244px;letter-spacing:-0.19px;display:inline;\">81.6\u00a2 </div><div class=\"t s8_184\" id=\"t4e_184\" style=\"left:719px;bottom:244px;display:inline;\">80.8\u00a2 </div><div class=\"t s8_184\" id=\"t4f_184\" style=\"left:806px;bottom:244px;letter-spacing:-0.01px;display:inline;\">64.4\u00a2 </div>\n<div class=\"t se_184\" id=\"t4g_184\" style=\"left:43px;bottom:11px;letter-spacing:-1.07px;display:inline;\">182 </div><div class=\"t sf_184\" id=\"t4h_184\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_184\" id=\"t4i_184\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_185\" id=\"t1_185\" style=\"left:65px;bottom:956px;display:inline;\">7 </div><div class=\"t s2_185\" id=\"t2_185\" style=\"left:78px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s3_185\" id=\"t3_185\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_185\" id=\"t4_185\" style=\"left:74px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s4_185\" id=\"t5_185\" style=\"left:74px;bottom:893px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Owned assets </div>\n<div class=\"t s5_185\" id=\"t6_185\" style=\"left:74px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Items of property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. </div>\n<div class=\"t s5_185\" id=\"t7_185\" style=\"left:74px;bottom:851px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Depreciation is calculated to write o\ufb00 the cost of items of property, plant and equipment less their estimated residual values using </div>\n<div class=\"t s5_185\" id=\"t8_185\" style=\"left:74px;bottom:836px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0straight-line method over their estimated useful lives, and is ultimately recognised in pro\ufb01t or loss. Leased assets are depreciated </div>\n<div class=\"t s5_185\" id=\"t9_185\" style=\"left:74px;bottom:821px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end </div>\n<div class=\"t s5_185\" id=\"ta_185\" style=\"left:74px;bottom:806px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of the lease term. Freehold land is not depreciated. The estimated useful lives of items of property, plant and equipment is 3\u201320 years </div>\n<div class=\"t s5_185\" id=\"tb_185\" style=\"left:74px;bottom:790px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">and for buildings is 20\u201350 years. </div>\n<div class=\"t s5_185\" id=\"tc_185\" style=\"left:74px;bottom:766px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Assets in course of construction are not depreciated until they are available for use. </div>\n<div class=\"t s5_185\" id=\"td_185\" style=\"left:74px;bottom:742px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. </div>\n<div class=\"t s5_185\" id=\"te_185\" style=\"left:74px;bottom:718px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Finance costs relating to the purchase or construction of property, plant and equipment and intangible assets that take longer than </div>\n<div class=\"t s5_185\" id=\"tf_185\" style=\"left:74px;bottom:703px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">one year to complete are capitalised based on the Group weighted average borrowing costs. All other \ufb01nance costs are expensed </div>\n<div class=\"t s5_185\" id=\"tg_185\" style=\"left:74px;bottom:688px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">as incurred. </div>\n<div class=\"t s4_185\" id=\"th_185\" style=\"left:74px;bottom:663px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Leased assets </div>\n<div class=\"t s5_185\" id=\"ti_185\" style=\"left:74px;bottom:646px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The assessment of whether a contract is or contains a lease takes place at the inception of the contract. The assessment involves </div>\n<div class=\"t s5_185\" id=\"tj_185\" style=\"left:74px;bottom:631px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">whether the Group obtains substantially all the economic bene\ufb01ts from the use of that asset and whether the Group has the right </div>\n<div class=\"t s5_185\" id=\"tk_185\" style=\"left:74px;bottom:615px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to direct the use of the asset. The Group allocates the consideration in the contract to each lease and non-lease component. </div>\n<div class=\"t s5_185\" id=\"tl_185\" style=\"left:74px;bottom:600px;letter-spacing:0.15px;display:inline;\">The </div><div class=\"t s5_185\" id=\"tm_185\" style=\"left:99px;bottom:600px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">\u00a0non-lease component, where it is separately identi\ufb01able, is not included in the right-of-use asset. </div>\n<div class=\"t s5_185\" id=\"tn_185\" style=\"left:74px;bottom:576px;word-spacing:-0.1px;display:inline;\">The Group leases many assets including properties, motor vehicles and o\ufb03ce equipment. The Group availed itself of the exemptions </div>\n<div class=\"t s5_185\" id=\"to_185\" style=\"left:74px;bottom:561px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">for short-term leases and leases of low-value items for leases other than those for properties and motor vehicles. The use of these </div>\n<div class=\"t s5_185\" id=\"tp_185\" style=\"left:74px;bottom:546px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">exemptions does not have a material impact. The Group recognises a right-of-use asset and a lease liability at the commencement </div>\n<div class=\"t s5_185\" id=\"tq_185\" style=\"left:74px;bottom:530px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of the lease. The right-of-use asset is initially measured based on the present value of lease payments that are not paid at the </div>\n<div class=\"t s5_185\" id=\"tr_185\" style=\"left:74px;bottom:515px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">commencement date plus initial direct costs less any incentives received. The lease payments are discounted using an incremental </div>\n<div class=\"t s5_185\" id=\"ts_185\" style=\"left:74px;bottom:500px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">borrowing rate which is country-speci\ufb01c and re\ufb02ective of the lease term. The right-of-use asset is depreciated over the shorter </div>\n<div class=\"t s5_185\" id=\"tt_185\" style=\"left:74px;bottom:484px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0the\u00a0lease term or the useful life of the underlying asset. </div>\n<div class=\"t s5_185\" id=\"tu_185\" style=\"left:74px;bottom:460px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ows arising on lease interest payments are included in operating cash \ufb02ows whereas cash \ufb02ows arising on the capital </div>\n<div class=\"t s5_185\" id=\"tv_185\" style=\"left:74px;bottom:445px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">repayments of the lease liability are included in \ufb01nancing cash \ufb02ows. </div>\n<div class=\"t s4_185\" id=\"tw_185\" style=\"left:74px;bottom:421px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of assets </div>\n<div class=\"t s5_185\" id=\"tx_185\" style=\"left:74px;bottom:403px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances </div>\n<div class=\"t s5_185\" id=\"ty_185\" style=\"left:74px;bottom:388px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">indicate the carrying value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order </div>\n<div class=\"t s5_185\" id=\"tz_185\" style=\"left:74px;bottom:373px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to determine the extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, </div>\n<div class=\"t s5_185\" id=\"t10_185\" style=\"left:74px;bottom:357px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0Group estimates the recoverable amount of the cash-generating unit to which it belongs. </div>\n<div class=\"t s5_185\" id=\"t11_185\" style=\"left:74px;bottom:333px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">An asset\u2019s recoverable amount is the higher of an asset\u2019s or cash-generating unit\u2019s fair value less costs to sell and its value-in-use. </div>\n<div class=\"t s5_185\" id=\"t12_185\" style=\"left:74px;bottom:318px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using a pre-tax discount rate that re\ufb02ects </div>\n<div class=\"t s5_185\" id=\"t13_185\" style=\"left:74px;bottom:303px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0current market assessment of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s6_185\" id=\"t14_185\" style=\"left:829px;bottom:11px;letter-spacing:-0.83px;display:inline;\">183 </div><div class=\"t s7_185\" id=\"t15_185\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_185\" id=\"t16_185\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_185\" id=\"t17_185\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_185\" id=\"t18_185\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_185\" id=\"t19_185\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_185\" id=\"t1a_185\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_186\" id=\"t1_186\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_186\" id=\"t2_186\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_186\" id=\"t3_186\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_186\" id=\"t4_186\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_186\" id=\"t5_186\" style=\"left:43px;bottom:956px;display:inline;\">7 </div><div class=\"t s6_186\" id=\"t6_186\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div><div class=\"t s7_186\" id=\"t7_186\" style=\"left:268px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_186\" id=\"t8_186\" style=\"left:586px;bottom:934px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Plant and equipment </div>\n<div class=\"t s8_186\" id=\"t9_186\" style=\"left:722px;bottom:930px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">Assets in </div>\n<div class=\"t s8_186\" id=\"ta_186\" style=\"left:488px;bottom:918px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Land and </div><div class=\"t s8_186\" id=\"tb_186\" style=\"left:721px;bottom:918px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">course of </div>\n<div class=\"t s8_186\" id=\"tc_186\" style=\"left:488px;bottom:906px;letter-spacing:-0.07px;display:inline;\">buildings </div><div class=\"t s8_186\" id=\"td_186\" style=\"left:550px;bottom:906px;letter-spacing:-0.07px;display:inline;\">Instruments </div><div class=\"t s8_186\" id=\"te_186\" style=\"left:660px;bottom:906px;letter-spacing:-0.05px;display:inline;\">Other </div><div class=\"t s8_186\" id=\"tf_186\" style=\"left:703px;bottom:906px;letter-spacing:-0.06px;display:inline;\">construction </div><div class=\"t s8_186\" id=\"tg_186\" style=\"left:815px;bottom:906px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s8_186\" id=\"th_186\" style=\"left:420px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ti_186\" style=\"left:422px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tj_186\" style=\"left:425px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tk_186\" style=\"left:427px;bottom:893px;letter-spacing:-0.1px;word-spacing:-0.17px;display:inline;\">\u00a0Notes </div><div class=\"t s8_186\" id=\"tl_186\" style=\"left:463px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tm_186\" style=\"left:466px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tn_186\" style=\"left:468px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"to_186\" style=\"left:470px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tp_186\" style=\"left:491px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"tq_186\" style=\"left:537px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tr_186\" style=\"left:539px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ts_186\" style=\"left:542px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tt_186\" style=\"left:544px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tu_186\" style=\"left:568px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"tv_186\" style=\"left:615px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tw_186\" style=\"left:617px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tx_186\" style=\"left:620px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ty_186\" style=\"left:622px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tz_186\" style=\"left:646px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t10_186\" style=\"left:693px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t11_186\" style=\"left:695px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t12_186\" style=\"left:698px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t13_186\" style=\"left:700px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t14_186\" style=\"left:724px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t15_186\" style=\"left:771px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t16_186\" style=\"left:773px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t17_186\" style=\"left:776px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t18_186\" style=\"left:778px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t19_186\" style=\"left:798px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t1a_186\" style=\"left:844px;bottom:893px;display:inline;\">\u00a0</div>\n<div class=\"t s9_186\" id=\"t1b_186\" style=\"left:48px;bottom:874px;letter-spacing:0.21px;display:inline;\">Cost </div>\n<div class=\"t sa_186\" id=\"t1c_186\" style=\"left:43px;bottom:855px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_186\" id=\"t1d_186\" style=\"left:447px;bottom:855px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1e_186\" style=\"left:450px;bottom:855px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1f_186\" style=\"left:510px;bottom:855px;letter-spacing:-0.71px;display:inline;\">616 </div><div class=\"t sa_186\" id=\"t1g_186\" style=\"left:577px;bottom:855px;letter-spacing:-0.33px;display:inline;\">1,676 </div><div class=\"t sa_186\" id=\"t1h_186\" style=\"left:655px;bottom:855px;letter-spacing:-0.16px;display:inline;\">1,244 </div><div class=\"t sa_186\" id=\"t1i_186\" style=\"left:744px;bottom:855px;letter-spacing:-0.63px;display:inline;\">216 </div><div class=\"t sa_186\" id=\"t1j_186\" style=\"left:807px;bottom:855px;letter-spacing:-0.35px;display:inline;\">3,752 </div>\n<div class=\"t sa_186\" id=\"t1k_186\" style=\"left:43px;bottom:837px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t1l_186\" style=\"left:447px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1m_186\" style=\"left:450px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1n_186\" style=\"left:521px;bottom:837px;letter-spacing:-0.16px;display:inline;\">(9) </div><div class=\"t sa_186\" id=\"t1o_186\" style=\"left:591px;bottom:837px;letter-spacing:-0.1px;display:inline;\">(53) </div><div class=\"t sa_186\" id=\"t1p_186\" style=\"left:669px;bottom:837px;letter-spacing:-0.26px;display:inline;\">(16) </div><div class=\"t sa_186\" id=\"t1q_186\" style=\"left:755px;bottom:837px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t1r_186\" style=\"left:820px;bottom:837px;letter-spacing:-0.05px;display:inline;\">(79) </div>\n<div class=\"t sa_186\" id=\"t1s_186\" style=\"left:43px;bottom:819px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_186\" id=\"t1t_186\" style=\"left:444px;bottom:819px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t sa_186\" id=\"t1u_186\" style=\"left:525px;bottom:819px;display:inline;\">9 </div><div class=\"t sa_186\" id=\"t1v_186\" style=\"left:603px;bottom:819px;display:inline;\">9 </div><div class=\"t sa_186\" id=\"t1w_186\" style=\"left:680px;bottom:819px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t1x_186\" style=\"left:758px;bottom:819px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t1y_186\" style=\"left:825px;bottom:819px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t sa_186\" id=\"t1z_186\" style=\"left:43px;bottom:800px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t20_186\" style=\"left:447px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t21_186\" style=\"left:450px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t22_186\" style=\"left:517px;bottom:800px;letter-spacing:-0.31px;display:inline;\">53 </div><div class=\"t sa_186\" id=\"t23_186\" style=\"left:588px;bottom:800px;letter-spacing:-0.51px;display:inline;\">151 </div><div class=\"t sa_186\" id=\"t24_186\" style=\"left:672px;bottom:800px;letter-spacing:0.11px;display:inline;\">40 </div><div class=\"t sa_186\" id=\"t25_186\" style=\"left:744px;bottom:800px;letter-spacing:-0.71px;display:inline;\">161 </div><div class=\"t sa_186\" id=\"t26_186\" style=\"left:816px;bottom:800px;letter-spacing:0.02px;display:inline;\">405 </div>\n<div class=\"t sa_186\" id=\"t27_186\" style=\"left:43px;bottom:782px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_186\" id=\"t28_186\" style=\"left:514px;bottom:782px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t sa_186\" id=\"t29_186\" style=\"left:591px;bottom:782px;letter-spacing:-0.07px;display:inline;\">(88) </div><div class=\"t sa_186\" id=\"t2a_186\" style=\"left:669px;bottom:782px;letter-spacing:-0.15px;display:inline;\">(28) </div><div class=\"t sa_186\" id=\"t2b_186\" style=\"left:758px;bottom:782px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t2c_186\" style=\"left:814px;bottom:782px;letter-spacing:-0.35px;display:inline;\">(124) </div>\n<div class=\"t sa_186\" id=\"t2d_186\" style=\"left:43px;bottom:763px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t2e_186\" style=\"left:524px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2f_186\" style=\"left:602px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2g_186\" style=\"left:677px;bottom:763px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t sa_186\" id=\"t2h_186\" style=\"left:758px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2i_186\" style=\"left:828px;bottom:763px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t sa_186\" id=\"t2j_186\" style=\"left:43px;bottom:745px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t2k_186\" style=\"left:447px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2l_186\" style=\"left:450px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2m_186\" style=\"left:517px;bottom:745px;letter-spacing:-0.26px;display:inline;\">29 </div><div class=\"t sa_186\" id=\"t2n_186\" style=\"left:599px;bottom:745px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t2o_186\" style=\"left:673px;bottom:745px;letter-spacing:0.03px;display:inline;\">46 </div><div class=\"t sa_186\" id=\"t2p_186\" style=\"left:746px;bottom:745px;letter-spacing:0.23px;display:inline;\">(77) </div><div class=\"t sa_186\" id=\"t2q_186\" style=\"left:828px;bottom:745px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s9_186\" id=\"t2r_186\" style=\"left:43px;bottom:726px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t2s_186\" style=\"left:447px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2t_186\" style=\"left:450px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2u_186\" style=\"left:509px;bottom:726px;letter-spacing:0.04px;display:inline;\">688 </div><div class=\"t sa_186\" id=\"t2v_186\" style=\"left:577px;bottom:726px;letter-spacing:-0.19px;display:inline;\">1,694 </div><div class=\"t sa_186\" id=\"t2w_186\" style=\"left:655px;bottom:726px;letter-spacing:-0.24px;display:inline;\">1,282 </div><div class=\"t sa_186\" id=\"t2x_186\" style=\"left:743px;bottom:726px;letter-spacing:-0.19px;display:inline;\">303 </div><div class=\"t sa_186\" id=\"t2y_186\" style=\"left:806px;bottom:726px;letter-spacing:-0.16px;display:inline;\">3,967 </div>\n<div class=\"t sa_186\" id=\"t2z_186\" style=\"left:43px;bottom:708px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t30_186\" style=\"left:447px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t31_186\" style=\"left:450px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t32_186\" style=\"left:511px;bottom:708px;letter-spacing:-0.26px;display:inline;\">(18) </div><div class=\"t sb_186\" id=\"t33_186\" style=\"left:589px;bottom:708px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t sb_186\" id=\"t34_186\" style=\"left:667px;bottom:708px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t sb_186\" id=\"t35_186\" style=\"left:753px;bottom:708px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sb_186\" id=\"t36_186\" style=\"left:810px;bottom:708px;letter-spacing:-0.31px;display:inline;\">(129) </div>\n<div class=\"t sa_186\" id=\"t37_186\" style=\"left:43px;bottom:690px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_186\" id=\"t38_186\" style=\"left:444px;bottom:690px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t sb_186\" id=\"t39_186\" style=\"left:525px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3a_186\" style=\"left:602px;bottom:690px;display:inline;\">2 </div><div class=\"t sb_186\" id=\"t3b_186\" style=\"left:681px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3c_186\" style=\"left:758px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3d_186\" style=\"left:831px;bottom:690px;display:inline;\">2 </div>\n<div class=\"t sa_186\" id=\"t3e_186\" style=\"left:43px;bottom:671px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t3f_186\" style=\"left:447px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t3g_186\" style=\"left:450px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t3h_186\" style=\"left:516px;bottom:671px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sb_186\" id=\"t3i_186\" style=\"left:586px;bottom:671px;letter-spacing:-0.38px;display:inline;\">129 </div><div class=\"t sb_186\" id=\"t3j_186\" style=\"left:672px;bottom:671px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sb_186\" id=\"t3k_186\" style=\"left:741px;bottom:671px;letter-spacing:-0.2px;display:inline;\">136 </div><div class=\"t sb_186\" id=\"t3l_186\" style=\"left:814px;bottom:671px;letter-spacing:-0.01px;display:inline;\">340 </div>\n<div class=\"t sa_186\" id=\"t3m_186\" style=\"left:43px;bottom:653px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_186\" id=\"t3n_186\" style=\"left:511px;bottom:653px;letter-spacing:-0.34px;display:inline;\">(45) </div><div class=\"t sb_186\" id=\"t3o_186\" style=\"left:589px;bottom:653px;letter-spacing:-0.17px;display:inline;\">(58) </div><div class=\"t sb_186\" id=\"t3p_186\" style=\"left:667px;bottom:653px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_186\" id=\"t3q_186\" style=\"left:753px;bottom:653px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_186\" id=\"t3r_186\" style=\"left:810px;bottom:653px;letter-spacing:-0.28px;display:inline;\">(153) </div>\n<div class=\"t sa_186\" id=\"t3s_186\" style=\"left:43px;bottom:634px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_186\" id=\"t3t_186\" style=\"left:525px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3u_186\" style=\"left:603px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3v_186\" style=\"left:681px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3w_186\" style=\"left:753px;bottom:634px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_186\" id=\"t3x_186\" style=\"left:826px;bottom:634px;letter-spacing:-0.21px;display:inline;\">(3) </div>\n<div class=\"t sa_186\" id=\"t3y_186\" style=\"left:43px;bottom:616px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t3z_186\" style=\"left:447px;bottom:616px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t40_186\" style=\"left:450px;bottom:616px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t41_186\" style=\"left:516px;bottom:616px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sb_186\" id=\"t42_186\" style=\"left:602px;bottom:616px;display:inline;\">9 </div><div class=\"t sb_186\" id=\"t43_186\" style=\"left:664px;bottom:616px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sb_186\" id=\"t44_186\" style=\"left:737px;bottom:616px;letter-spacing:-0.46px;display:inline;\">(173) </div><div class=\"t sb_186\" id=\"t45_186\" style=\"left:832px;bottom:616px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t46_186\" style=\"left:43px;bottom:597px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_186\" id=\"t47_186\" style=\"left:447px;bottom:597px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t48_186\" style=\"left:450px;bottom:597px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t49_186\" style=\"left:507px;bottom:597px;letter-spacing:-0.28px;display:inline;\">726 </div><div class=\"t sb_186\" id=\"t4a_186\" style=\"left:574px;bottom:597px;letter-spacing:-0.25px;display:inline;\">1,710 </div><div class=\"t sb_186\" id=\"t4b_186\" style=\"left:651px;bottom:597px;letter-spacing:-0.07px;display:inline;\">1,332 </div><div class=\"t sb_186\" id=\"t4c_186\" style=\"left:741px;bottom:597px;letter-spacing:-0.28px;display:inline;\">256 </div><div class=\"t sb_186\" id=\"t4d_186\" style=\"left:803px;bottom:597px;letter-spacing:-0.16px;display:inline;\">4,024 </div>\n<div class=\"t s9_186\" id=\"t4e_186\" style=\"left:48px;bottom:579px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Depreciation and impairment </div><div class=\"t sa_186\" id=\"t4f_186\" style=\"left:447px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4g_186\" style=\"left:450px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4h_186\" style=\"left:521px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4i_186\" style=\"left:524px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4j_186\" style=\"left:599px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4k_186\" style=\"left:602px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4l_186\" style=\"left:677px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4m_186\" style=\"left:680px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4n_186\" style=\"left:755px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4o_186\" style=\"left:758px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4p_186\" style=\"left:828px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4q_186\" style=\"left:831px;bottom:579px;display:inline;\">\u00a0</div>\n<div class=\"t sa_186\" id=\"t4r_186\" style=\"left:43px;bottom:560px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_186\" id=\"t4s_186\" style=\"left:447px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4t_186\" style=\"left:450px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4u_186\" style=\"left:509px;bottom:560px;letter-spacing:-0.25px;display:inline;\">199 </div><div class=\"t sa_186\" id=\"t4v_186\" style=\"left:577px;bottom:560px;letter-spacing:-0.13px;display:inline;\">1,233 </div><div class=\"t sa_186\" id=\"t4w_186\" style=\"left:665px;bottom:560px;letter-spacing:-0.47px;display:inline;\">871 </div><div class=\"t sa_186\" id=\"t4x_186\" style=\"left:758px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t4y_186\" style=\"left:806px;bottom:560px;letter-spacing:-0.09px;display:inline;\">2,303 </div>\n<div class=\"t sa_186\" id=\"t4z_186\" style=\"left:43px;bottom:542px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t50_186\" style=\"left:447px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t51_186\" style=\"left:450px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t52_186\" style=\"left:521px;bottom:542px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_186\" id=\"t53_186\" style=\"left:592px;bottom:542px;letter-spacing:-0.37px;display:inline;\">(43) </div><div class=\"t sa_186\" id=\"t54_186\" style=\"left:669px;bottom:542px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t sa_186\" id=\"t55_186\" style=\"left:758px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t56_186\" style=\"left:820px;bottom:542px;letter-spacing:-0.13px;display:inline;\">(60) </div>\n<div class=\"t sa_186\" id=\"t57_186\" style=\"left:43px;bottom:524px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the\u00a0year </div><div class=\"t sa_186\" id=\"t58_186\" style=\"left:447px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t59_186\" style=\"left:450px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5a_186\" style=\"left:517px;bottom:524px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t sa_186\" id=\"t5b_186\" style=\"left:588px;bottom:524px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t sa_186\" id=\"t5c_186\" style=\"left:673px;bottom:524px;letter-spacing:-0.07px;display:inline;\">86 </div><div class=\"t sa_186\" id=\"t5d_186\" style=\"left:758px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5e_186\" style=\"left:817px;bottom:524px;letter-spacing:-0.49px;display:inline;\">326 </div>\n<div class=\"t sa_186\" id=\"t5f_186\" style=\"left:43px;bottom:505px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t5g_186\" style=\"left:447px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5h_186\" style=\"left:450px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5i_186\" style=\"left:524px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5j_186\" style=\"left:602px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5k_186\" style=\"left:676px;bottom:505px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t sa_186\" id=\"t5l_186\" style=\"left:758px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5m_186\" style=\"left:828px;bottom:505px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t sa_186\" id=\"t5n_186\" style=\"left:43px;bottom:487px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_186\" id=\"t5o_186\" style=\"left:447px;bottom:487px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5p_186\" style=\"left:450px;bottom:487px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5q_186\" style=\"left:514px;bottom:487px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t sa_186\" id=\"t5r_186\" style=\"left:590px;bottom:487px;letter-spacing:0.02px;display:inline;\">(75) </div><div class=\"t sa_186\" id=\"t5s_186\" style=\"left:669px;bottom:487px;letter-spacing:-0.05px;display:inline;\">(25) </div><div class=\"t sa_186\" id=\"t5t_186\" style=\"left:758px;bottom:487px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5u_186\" style=\"left:814px;bottom:487px;letter-spacing:-0.38px;display:inline;\">(110) </div>\n<div class=\"t sa_186\" id=\"t5v_186\" style=\"left:43px;bottom:468px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t5w_186\" style=\"left:447px;bottom:468px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5x_186\" style=\"left:450px;bottom:468px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5y_186\" style=\"left:524px;bottom:468px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t5z_186\" style=\"left:599px;bottom:468px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t60_186\" style=\"left:677px;bottom:468px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t61_186\" style=\"left:758px;bottom:468px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t62_186\" style=\"left:832px;bottom:468px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t63_186\" style=\"left:43px;bottom:450px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t64_186\" style=\"left:447px;bottom:450px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t65_186\" style=\"left:450px;bottom:450px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t66_186\" style=\"left:510px;bottom:450px;letter-spacing:-0.53px;display:inline;\">249 </div><div class=\"t sa_186\" id=\"t67_186\" style=\"left:577px;bottom:450px;letter-spacing:-0.23px;display:inline;\">1,292 </div><div class=\"t sa_186\" id=\"t68_186\" style=\"left:665px;bottom:450px;letter-spacing:-0.42px;display:inline;\">913 </div><div class=\"t sa_186\" id=\"t69_186\" style=\"left:758px;bottom:450px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t6a_186\" style=\"left:806px;bottom:450px;letter-spacing:-0.18px;display:inline;\">2,454 </div>\n<div class=\"t sa_186\" id=\"t6b_186\" style=\"left:43px;bottom:431px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t6c_186\" style=\"left:447px;bottom:431px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6d_186\" style=\"left:450px;bottom:431px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6e_186\" style=\"left:519px;bottom:431px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t sb_186\" id=\"t6f_186\" style=\"left:589px;bottom:431px;letter-spacing:-0.36px;display:inline;\">(52) </div><div class=\"t sb_186\" id=\"t6g_186\" style=\"left:667px;bottom:431px;letter-spacing:-0.21px;display:inline;\">(29) </div><div class=\"t sb_186\" id=\"t6h_186\" style=\"left:758px;bottom:431px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6i_186\" style=\"left:818px;bottom:431px;letter-spacing:-0.21px;display:inline;\">(89) </div>\n<div class=\"t sa_186\" id=\"t6j_186\" style=\"left:43px;bottom:413px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the\u00a0year </div><div class=\"t sa_186\" id=\"t6k_186\" style=\"left:447px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6l_186\" style=\"left:450px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6m_186\" style=\"left:516px;bottom:413px;letter-spacing:-0.49px;display:inline;\">62 </div><div class=\"t sb_186\" id=\"t6n_186\" style=\"left:586px;bottom:413px;letter-spacing:-0.65px;display:inline;\">172 </div><div class=\"t sb_186\" id=\"t6o_186\" style=\"left:671px;bottom:413px;letter-spacing:-0.16px;display:inline;\">85 </div><div class=\"t sb_186\" id=\"t6p_186\" style=\"left:758px;bottom:413px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6q_186\" style=\"left:815px;bottom:413px;letter-spacing:-0.55px;display:inline;\">319 </div>\n<div class=\"t sa_186\" id=\"t6r_186\" style=\"left:43px;bottom:395px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t6s_186\" style=\"left:447px;bottom:395px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6t_186\" style=\"left:450px;bottom:395px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6u_186\" style=\"left:516px;bottom:395px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t sb_186\" id=\"t6v_186\" style=\"left:602px;bottom:395px;display:inline;\">8 </div><div class=\"t sb_186\" id=\"t6w_186\" style=\"left:680px;bottom:395px;display:inline;\">1 </div><div class=\"t sb_186\" id=\"t6x_186\" style=\"left:758px;bottom:395px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6y_186\" style=\"left:823px;bottom:395px;letter-spacing:-0.51px;display:inline;\">27 </div>\n<div class=\"t sa_186\" id=\"t6z_186\" style=\"left:43px;bottom:376px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_186\" id=\"t70_186\" style=\"left:510px;bottom:376px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t sb_186\" id=\"t71_186\" style=\"left:588px;bottom:376px;letter-spacing:-0.17px;display:inline;\">(58) </div><div class=\"t sb_186\" id=\"t72_186\" style=\"left:667px;bottom:376px;letter-spacing:-0.36px;display:inline;\">(47) </div><div class=\"t sb_186\" id=\"t73_186\" style=\"left:758px;bottom:376px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t74_186\" style=\"left:810px;bottom:376px;letter-spacing:-0.35px;display:inline;\">(142) </div>\n<div class=\"t sa_186\" id=\"t75_186\" style=\"left:43px;bottom:358px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t76_186\" style=\"left:447px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t77_186\" style=\"left:450px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t78_186\" style=\"left:524px;bottom:358px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t79_186\" style=\"left:602px;bottom:358px;display:inline;\">4 </div><div class=\"t sb_186\" id=\"t7a_186\" style=\"left:675px;bottom:358px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sb_186\" id=\"t7b_186\" style=\"left:758px;bottom:358px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t7c_186\" style=\"left:832px;bottom:358px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t7d_186\" style=\"left:43px;bottom:339px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_186\" id=\"t7e_186\" style=\"left:447px;bottom:339px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7f_186\" style=\"left:450px;bottom:339px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t7g_186\" style=\"left:507px;bottom:339px;letter-spacing:-0.11px;display:inline;\">284 </div><div class=\"t sb_186\" id=\"t7h_186\" style=\"left:573px;bottom:339px;letter-spacing:0.05px;display:inline;\">1,366 </div><div class=\"t sb_186\" id=\"t7i_186\" style=\"left:664px;bottom:339px;letter-spacing:-0.54px;display:inline;\">919 </div><div class=\"t sb_186\" id=\"t7j_186\" style=\"left:758px;bottom:339px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t7k_186\" style=\"left:803px;bottom:339px;letter-spacing:-0.02px;display:inline;\">2,569 </div>\n<div class=\"t s9_186\" id=\"t7l_186\" style=\"left:47px;bottom:321px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Net book amounts </div><div class=\"t sa_186\" id=\"t7m_186\" style=\"left:447px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7n_186\" style=\"left:450px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7o_186\" style=\"left:521px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7p_186\" style=\"left:524px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7q_186\" style=\"left:599px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7r_186\" style=\"left:602px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7s_186\" style=\"left:676px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7t_186\" style=\"left:679px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7u_186\" style=\"left:754px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7v_186\" style=\"left:757px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7w_186\" style=\"left:828px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7x_186\" style=\"left:831px;bottom:321px;display:inline;\">\u00a0</div>\n<div class=\"t s9_186\" id=\"t7y_186\" style=\"left:43px;bottom:302px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_186\" id=\"t7z_186\" style=\"left:507px;bottom:302px;letter-spacing:-0.19px;display:inline;\">442 </div><div class=\"t sb_186\" id=\"t80_186\" style=\"left:585px;bottom:302px;letter-spacing:0.01px;display:inline;\">344 </div><div class=\"t sb_186\" id=\"t81_186\" style=\"left:663px;bottom:302px;letter-spacing:-0.39px;display:inline;\">413 </div><div class=\"t sb_186\" id=\"t82_186\" style=\"left:741px;bottom:302px;letter-spacing:-0.28px;display:inline;\">256 </div><div class=\"t sb_186\" id=\"t83_186\" style=\"left:803px;bottom:302px;letter-spacing:-0.07px;display:inline;\">1,455 </div>\n<div class=\"t sa_186\" id=\"t84_186\" style=\"left:43px;bottom:284px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t85_186\" style=\"left:447px;bottom:284px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t86_186\" style=\"left:450px;bottom:284px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t87_186\" style=\"left:509px;bottom:284px;letter-spacing:-0.25px;display:inline;\">439 </div><div class=\"t sa_186\" id=\"t88_186\" style=\"left:587px;bottom:284px;letter-spacing:-0.21px;display:inline;\">402 </div><div class=\"t sa_186\" id=\"t89_186\" style=\"left:665px;bottom:284px;letter-spacing:-0.23px;display:inline;\">369 </div><div class=\"t sa_186\" id=\"t8a_186\" style=\"left:743px;bottom:284px;letter-spacing:-0.19px;display:inline;\">303 </div><div class=\"t sa_186\" id=\"t8b_186\" style=\"left:806px;bottom:284px;letter-spacing:-0.23px;display:inline;\">1,513 </div>\n<div class=\"t sa_186\" id=\"t8c_186\" style=\"left:43px;bottom:255px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">Land and buildings includes land with a cost of $22m (2021: $23m) that is not subject to depreciation. Transfers from assets in course of </div>\n<div class=\"t sa_186\" id=\"t8d_186\" style=\"left:43px;bottom:240px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">construction includes $nil (2021: $3m) of so\ufb05ware. Assets under construction in 2022 re\ufb02ect that the Group is undergoing investment in </div>\n<div class=\"t sa_186\" id=\"t8e_186\" style=\"left:43px;bottom:225px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">its manufacturing facilities including expanding facilities in Malaysia and Costa Rica, and the development of new manufacturing facility </div>\n<div class=\"t sa_186\" id=\"t8f_186\" style=\"left:43px;bottom:209px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">in Hull, UK. Group capital expenditure relating to property, plant and equipment contracted but not provided for amounted to $20m </div>\n<div class=\"t sa_186\" id=\"t8g_186\" style=\"left:43px;bottom:194px;letter-spacing:0.03px;display:inline;\">(2021: $52m). The amount of\u00a0borrowing costs capitalised in 2022 and 2021 was minimal. </div>\n<div class=\"t sa_186\" id=\"t8h_186\" style=\"left:43px;bottom:170px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Information about the Group\u2019s right-of-use assets is outlined below: </div>\n<div class=\"t s8_186\" id=\"t8i_186\" style=\"left:709px;bottom:156px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Land and </div>\n<div class=\"t s8_186\" id=\"t8j_186\" style=\"left:709px;bottom:144px;letter-spacing:-0.07px;display:inline;\">buildings </div>\n<div class=\"t s8_186\" id=\"t8k_186\" style=\"left:793px;bottom:156px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">Plant and </div>\n<div class=\"t s8_186\" id=\"t8l_186\" style=\"left:787px;bottom:144px;letter-spacing:-0.08px;display:inline;\">equipment </div>\n<div class=\"t sc_186\" id=\"t8m_186\" style=\"left:43px;bottom:132px;letter-spacing:-0.54px;display:inline;\">2022 </div><div class=\"t s8_186\" id=\"t8n_186\" style=\"left:671px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8o_186\" style=\"left:674px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8p_186\" style=\"left:676px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8q_186\" style=\"left:678px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8r_186\" style=\"left:711px;bottom:132px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_186\" id=\"t8s_186\" style=\"left:758px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8t_186\" style=\"left:760px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8u_186\" style=\"left:763px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8v_186\" style=\"left:765px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8w_186\" style=\"left:798px;bottom:132px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_186\" id=\"t8x_186\" style=\"left:43px;bottom:112px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t8y_186\" style=\"left:738px;bottom:112px;letter-spacing:-0.3px;display:inline;\">49 </div><div class=\"t sa_186\" id=\"t8z_186\" style=\"left:825px;bottom:112px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t sa_186\" id=\"t90_186\" style=\"left:43px;bottom:94px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Depreciation charge in the year </div><div class=\"t sa_186\" id=\"t91_186\" style=\"left:737px;bottom:94px;letter-spacing:0.16px;display:inline;\">44 </div><div class=\"t sa_186\" id=\"t92_186\" style=\"left:825px;bottom:94px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t sa_186\" id=\"t93_186\" style=\"left:43px;bottom:76px;letter-spacing:0.12px;word-spacing:-0.07px;display:inline;\">Net book value at 31 December </div><div class=\"t sa_186\" id=\"t94_186\" style=\"left:730px;bottom:76px;letter-spacing:-0.34px;display:inline;\">160 </div><div class=\"t sa_186\" id=\"t95_186\" style=\"left:825px;bottom:76px;letter-spacing:-0.57px;display:inline;\">27 </div>\n<div class=\"t sd_186\" id=\"t96_186\" style=\"left:43px;bottom:11px;letter-spacing:-0.66px;display:inline;\">184 </div><div class=\"t se_186\" id=\"t97_186\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_186\" id=\"t98_186\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_187\" id=\"t1_187\" style=\"left:65px;bottom:956px;display:inline;\">8 </div><div class=\"t s2_187\" id=\"t2_187\" style=\"left:78px;bottom:956px;letter-spacing:0.02px;display:inline;\">Goodwill </div>\n<div class=\"t s3_187\" id=\"t3_187\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_187\" id=\"t4_187\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Goodwill is not amortised but is reviewed for impairment annually. Goodwill is allocated to the cash-generating unit (CGU) that is </div>\n<div class=\"t s4_187\" id=\"t5_187\" style=\"left:74px;bottom:896px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">expected to bene\ufb01t from the acquisition. The goodwill is tested annually for impairment by comparing the recoverable amount to </div>\n<div class=\"t s4_187\" id=\"t6_187\" style=\"left:74px;bottom:881px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">the\u00a0carrying value of the CGUs. The CGUs identi\ufb01ed by management are at the aggregated product franchise levels of Orthopaedics, </div>\n<div class=\"t s4_187\" id=\"t7_187\" style=\"left:74px;bottom:866px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Sports Medicine &amp; ENT and Advanced Wound Management, in the way the core assets are used to generate cash \ufb02ows. </div>\n<div class=\"t s4_187\" id=\"t8_187\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the recoverable amount of the CGU is less than its carrying amount then an impairment loss is determined to have occurred. </div>\n<div class=\"t s4_187\" id=\"t9_187\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Any impairment losses that arise are recognised immediately in the income statement and are allocated \ufb01rst to reduce the </div>\n<div class=\"t s4_187\" id=\"ta_187\" style=\"left:74px;bottom:811px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">carrying\u00a0amount of goodwill and then to the carrying amounts of the other assets of the CGU. </div>\n<div class=\"t s4_187\" id=\"tb_187\" style=\"left:74px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of goodwill, a number of signi\ufb01cant assumptions have to be made when preparing cash \ufb02ow </div>\n<div class=\"t s4_187\" id=\"tc_187\" style=\"left:74px;bottom:772px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, the </div>\n<div class=\"t s4_187\" id=\"td_187\" style=\"left:74px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s4_187\" id=\"te_187\" style=\"left:74px;bottom:741px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s4_187\" id=\"tf_187\" style=\"left:74px;bottom:726px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact\u00a0operating results. </div>\n<div class=\"t s5_187\" id=\"tg_187\" style=\"left:748px;bottom:690px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s5_187\" id=\"th_187\" style=\"left:835px;bottom:690px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s5_187\" id=\"ti_187\" style=\"left:606px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tj_187\" style=\"left:609px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tk_187\" style=\"left:611px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tl_187\" style=\"left:613px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tm_187\" style=\"left:659px;bottom:678px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s5_187\" id=\"tn_187\" style=\"left:695px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"to_187\" style=\"left:698px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tp_187\" style=\"left:700px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tq_187\" style=\"left:733px;bottom:678px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"tr_187\" style=\"left:780px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"ts_187\" style=\"left:782px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tt_187\" style=\"left:784px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tu_187\" style=\"left:787px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tv_187\" style=\"left:820px;bottom:678px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"tw_187\" style=\"left:866px;bottom:678px;display:inline;\">\u00a0</div>\n<div class=\"t s6_187\" id=\"tx_187\" style=\"left:69px;bottom:658px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Cost and net book value </div><div class=\"t s7_187\" id=\"ty_187\" style=\"left:763px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"tz_187\" style=\"left:766px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"t10_187\" style=\"left:850px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"t11_187\" style=\"left:853px;bottom:658px;display:inline;\">\u00a0</div>\n<div class=\"t s7_187\" id=\"t12_187\" style=\"left:65px;bottom:640px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s8_187\" id=\"t13_187\" style=\"left:738px;bottom:640px;letter-spacing:0.01px;display:inline;\">2,989 </div><div class=\"t s7_187\" id=\"t14_187\" style=\"left:829px;bottom:640px;letter-spacing:-0.4px;display:inline;\">2,928 </div>\n<div class=\"t s7_187\" id=\"t15_187\" style=\"left:65px;bottom:622px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s8_187\" id=\"t16_187\" style=\"left:754px;bottom:622px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s7_187\" id=\"t17_187\" style=\"left:842px;bottom:622px;letter-spacing:-0.04px;display:inline;\">(35) </div>\n<div class=\"t s7_187\" id=\"t18_187\" style=\"left:65px;bottom:603px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t s7_187\" id=\"t19_187\" style=\"left:673px;bottom:603px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t s8_187\" id=\"t1a_187\" style=\"left:758px;bottom:603px;letter-spacing:0.04px;display:inline;\">84 </div><div class=\"t s7_187\" id=\"t1b_187\" style=\"left:846px;bottom:603px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t s7_187\" id=\"t1c_187\" style=\"left:65px;bottom:585px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s8_187\" id=\"t1d_187\" style=\"left:739px;bottom:585px;letter-spacing:-0.21px;display:inline;\">3,031 </div><div class=\"t s7_187\" id=\"t1e_187\" style=\"left:828px;bottom:585px;letter-spacing:-0.18px;display:inline;\">2,989 </div>\n<div class=\"t s7_187\" id=\"t1f_187\" style=\"left:65px;bottom:556px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Management has identi\ufb01ed four CGUs in applying the provisions of IAS 36 </div><div class=\"t s9_187\" id=\"t1g_187\" style=\"left:498px;bottom:556px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of Assets</div><div class=\"t s7_187\" id=\"t1h_187\" style=\"left:618px;bottom:556px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">: Orthopaedics, Sports Medicine &amp; ENT, </div>\n<div class=\"t s7_187\" id=\"t1i_187\" style=\"left:65px;bottom:541px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Advanced Wound Care &amp; Devices and Bioactives. </div>\n<div class=\"t s7_187\" id=\"t1j_187\" style=\"left:65px;bottom:517px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">For the purpose of goodwill impairment testing, the Advanced Wound Care &amp; Devices and Bioactives CGUs have been aggregated </div>\n<div class=\"t s7_187\" id=\"t1k_187\" style=\"left:65px;bottom:501px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">(Advanced Wound Management), as this is the level at which goodwill is monitored and level at which the economic bene\ufb01ts relating </div>\n<div class=\"t s7_187\" id=\"t1l_187\" style=\"left:65px;bottom:486px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to\u00a0the goodwill within these CGUs is realised. </div>\n<div class=\"t s7_187\" id=\"t1m_187\" style=\"left:65px;bottom:462px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Goodwill is allocated to the Group\u2019s CGUs as follows: </div>\n<div class=\"t s5_187\" id=\"t1n_187\" style=\"left:748px;bottom:440px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s5_187\" id=\"t1o_187\" style=\"left:835px;bottom:440px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s5_187\" id=\"t1p_187\" style=\"left:693px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1q_187\" style=\"left:695px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1r_187\" style=\"left:698px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1s_187\" style=\"left:700px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1t_187\" style=\"left:733px;bottom:428px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"t1u_187\" style=\"left:780px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1v_187\" style=\"left:782px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1w_187\" style=\"left:784px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1x_187\" style=\"left:787px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1y_187\" style=\"left:820px;bottom:428px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"t1z_187\" style=\"left:866px;bottom:428px;display:inline;\">\u00a0</div>\n<div class=\"t s7_187\" id=\"t20_187\" style=\"left:65px;bottom:408px;letter-spacing:0.23px;display:inline;\">Orthopaedics\u00a0</div><div class=\"t s7_187\" id=\"t21_187\" style=\"left:148px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t s8_187\" id=\"t22_187\" style=\"left:750px;bottom:408px;letter-spacing:-0.25px;display:inline;\">953 </div><div class=\"t s7_187\" id=\"t23_187\" style=\"left:839px;bottom:408px;letter-spacing:-0.4px;display:inline;\">897 </div>\n<div class=\"t s7_187\" id=\"t24_187\" style=\"left:65px;bottom:390px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t s8_187\" id=\"t25_187\" style=\"left:738px;bottom:390px;letter-spacing:-0.07px;display:inline;\">1,455 </div><div class=\"t s7_187\" id=\"t26_187\" style=\"left:828px;bottom:390px;letter-spacing:-0.25px;display:inline;\">1,457 </div>\n<div class=\"t s7_187\" id=\"t27_187\" style=\"left:65px;bottom:371px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s8_187\" id=\"t28_187\" style=\"left:750px;bottom:371px;letter-spacing:-0.35px;display:inline;\">623 </div><div class=\"t s7_187\" id=\"t29_187\" style=\"left:838px;bottom:371px;letter-spacing:-0.21px;display:inline;\">635 </div>\n<div class=\"t s8_187\" id=\"t2a_187\" style=\"left:739px;bottom:353px;letter-spacing:-0.21px;display:inline;\">3,031 </div><div class=\"t s7_187\" id=\"t2b_187\" style=\"left:828px;bottom:353px;letter-spacing:-0.18px;display:inline;\">2,989 </div>\n<div class=\"t s7_187\" id=\"t2c_187\" style=\"left:65px;bottom:324px;letter-spacing:0.03px;word-spacing:-0.06px;display:inline;\">Impairment reviews were performed as of September 2022 and September 2021 by comparing the recoverable amount of each CGU </div>\n<div class=\"t s7_187\" id=\"t2d_187\" style=\"left:65px;bottom:309px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with\u00a0its carrying amount, including goodwill. These were updated during December, taking into account any signi\ufb01cant events that </div>\n<div class=\"t s7_187\" id=\"t2e_187\" style=\"left:65px;bottom:293px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">occurred between September and December. </div>\n<div class=\"t s7_187\" id=\"t2f_187\" style=\"left:65px;bottom:269px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The current challenging economic environment, including in\ufb02ation, was considered in the goodwill impairment reviews and recoverable </div>\n<div class=\"t s7_187\" id=\"t2g_187\" style=\"left:65px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amounts were based on cash \ufb02ow projections using the Group\u2019s base case scenario in its going concern models. Additionally, severe </div>\n<div class=\"t s7_187\" id=\"t2h_187\" style=\"left:65px;bottom:239px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">downside sensitivity analyses have been undertaken on the base case scenario. Although the headroom for the Orthopaedics CGU has </div>\n<div class=\"t s7_187\" id=\"t2i_187\" style=\"left:65px;bottom:224px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">decreased and is sensitive to a reasonably possible change in assumptions, no impairment was identi\ufb01ed as a result of the impairment </div>\n<div class=\"t s7_187\" id=\"t2j_187\" style=\"left:65px;bottom:208px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">reviews and\u00a0sensitivity analyses undertaken. </div>\n<div class=\"t sa_187\" id=\"t2k_187\" style=\"left:830px;bottom:11px;letter-spacing:-0.86px;display:inline;\">185 </div><div class=\"t sb_187\" id=\"t2l_187\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_187\" id=\"t2m_187\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sd_187\" id=\"t2n_187\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sd_187\" id=\"t2o_187\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t se_187\" id=\"t2p_187\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sd_187\" id=\"t2q_187\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_188\" id=\"t1_188\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_188\" id=\"t2_188\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_188\" id=\"t3_188\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_188\" id=\"t4_188\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_188\" id=\"t5_188\" style=\"left:43px;bottom:956px;display:inline;\">8 </div><div class=\"t s6_188\" id=\"t6_188\" style=\"left:56px;bottom:956px;display:inline;\">Goodwill </div><div class=\"t s7_188\" id=\"t7_188\" style=\"left:120px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_188\" id=\"t8_188\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">For each CGU, the recoverable amounts are based on value-in-use which is calculated from pre-tax cash \ufb02ow projections for </div>\n<div class=\"t s8_188\" id=\"t9_188\" style=\"left:43px;bottom:924px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">three\u00a0years\u00a0using data from the Group\u2019s budget and strategic planning process, the results of which are reviewed and approved by </div>\n<div class=\"t s8_188\" id=\"ta_188\" style=\"left:43px;bottom:909px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the Board. These projections were extrapolated for a further two years to re\ufb02ect expected growth in the CGUs above the terminal </div>\n<div class=\"t s8_188\" id=\"tb_188\" style=\"left:43px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">growth rate which is based on long term GDP growth. The initial three-year period is in line with the Group\u2019s strategic planning </div>\n<div class=\"t s8_188\" id=\"tc_188\" style=\"left:43px;bottom:878px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">process. In determining the growth rates used in the calculations of the value-in-use, management considered annual revenue growth. </div>\n<div class=\"t s8_188\" id=\"td_188\" style=\"left:43px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Projections are based on anticipated volume and value growth in the markets served by the Group and assumptions as to market </div>\n<div class=\"t s8_188\" id=\"te_188\" style=\"left:43px;bottom:847px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">share movements. Each year the projections for the previous year are compared to actual results and variances are factored into </div>\n<div class=\"t s8_188\" id=\"tf_188\" style=\"left:43px;bottom:832px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">the\u00a0assumptions used in the current year. </div>\n<div class=\"t s8_188\" id=\"tg_188\" style=\"left:43px;bottom:808px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The discount rates used in the value-in-use calculations re\ufb02ect management\u2019s assessment of risks speci\ufb01c to the assets of each CGU. </div>\n<div class=\"t s8_188\" id=\"th_188\" style=\"left:43px;bottom:793px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The discount rates are calculated using the weighted average cost of capital which includes a risk-free rate, based on government </div>\n<div class=\"t s8_188\" id=\"ti_188\" style=\"left:43px;bottom:778px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">bond\u00a0yields, and an equity risk premium speci\ufb01cally adjusted to the medical technology industry. </div>\n<div class=\"t s9_188\" id=\"tj_188\" style=\"left:43px;bottom:753px;letter-spacing:-0.28px;display:inline;\">8.1 </div><div class=\"t sa_188\" id=\"tk_188\" style=\"left:66px;bottom:753px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">Orthopaedics CGU </div>\n<div class=\"t s8_188\" id=\"tl_188\" style=\"left:43px;bottom:736px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The cash \ufb02ows used in the value-in-use calculation for the Orthopaedics CGU, which includes the Reconstruction and Trauma </div>\n<div class=\"t s8_188\" id=\"tm_188\" style=\"left:43px;bottom:720px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">businesses, re\ufb02ects management\u2019s distinctive orthopaedic reconstruction strategy, which combines cutting-edge innovation, </div>\n<div class=\"t s8_188\" id=\"tn_188\" style=\"left:43px;bottom:705px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">disruptive\u00a0business models and a strong Emerging Markets platform to drive our performance. </div>\n<div class=\"t s8_188\" id=\"to_188\" style=\"left:43px;bottom:681px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The headroom for the Orthopaedics CGU has decreased from $1.1bn in the prior year to $0.6bn in the current year, primarily due to </div>\n<div class=\"t s8_188\" id=\"tp_188\" style=\"left:43px;bottom:666px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">higher input in\ufb02ation and supply chain challenges. Revenue is expected to grow above market growth rates due to new product launches </div>\n<div class=\"t s8_188\" id=\"tq_188\" style=\"left:43px;bottom:651px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">and improved commercial execution. The trading pro\ufb01t margin is expected to grow over the \ufb01ve-year period as a result of revenue </div>\n<div class=\"t s8_188\" id=\"tr_188\" style=\"left:43px;bottom:635px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">growth as well as productivity and e\ufb03ciency improvements related to the 12-point plan. The average growth rate used to extrapolate </div>\n<div class=\"t s8_188\" id=\"ts_188\" style=\"left:43px;bottom:620px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in calculating the terminal value is 2.0% (2021: 2.0%). The pre-tax </div>\n<div class=\"t s8_188\" id=\"tt_188\" style=\"left:43px;bottom:605px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">discount rate used in the Orthopaedics CGU value-in-use calculation re\ufb02ects the geographical mix and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"tu_188\" style=\"left:43px;bottom:580px;letter-spacing:-0.12px;display:inline;\">8.2 </div><div class=\"t sa_188\" id=\"tv_188\" style=\"left:66px;bottom:580px;letter-spacing:-0.16px;word-spacing:-0.11px;display:inline;\">Sports Medicine &amp; ENT CGU </div>\n<div class=\"t s8_188\" id=\"tw_188\" style=\"left:43px;bottom:563px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The value-in-use calculation for the Sports Medicine &amp; ENT CGU re\ufb02ects growth rates and cash \ufb02ows consistent with management\u2019s </div>\n<div class=\"t s8_188\" id=\"tx_188\" style=\"left:43px;bottom:548px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">strategy to rebalance Smith+Nephew towards higher growth areas such as Sports Medicine. </div>\n<div class=\"t s8_188\" id=\"ty_188\" style=\"left:43px;bottom:524px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The weighted average growth rate used to extrapolate the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in </div>\n<div class=\"t s8_188\" id=\"tz_188\" style=\"left:43px;bottom:508px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">calculating the terminal value is 2.0% (2021: 2.0%). The pre-tax discount rate used in the Sports Medicine &amp; ENT CGU value-in-use </div>\n<div class=\"t s8_188\" id=\"t10_188\" style=\"left:43px;bottom:493px;letter-spacing:0.02px;display:inline;\">calculation re\ufb02ects the geographical mix of the revenues and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"t11_188\" style=\"left:43px;bottom:468px;letter-spacing:-0.05px;display:inline;\">8.3 </div><div class=\"t sa_188\" id=\"t12_188\" style=\"left:67px;bottom:468px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">Advanced Wound Management CGU </div>\n<div class=\"t s8_188\" id=\"t13_188\" style=\"left:43px;bottom:451px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">The aggregated Advanced Wound Management CGU comprises the Advanced Wound Care &amp; Devices and Bioactives CGUs. </div>\n<div class=\"t s8_188\" id=\"t14_188\" style=\"left:43px;bottom:427px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">In performing the value-in-use calculation for this combined CGU, management considered the Group\u2019s focus across the wound product </div>\n<div class=\"t s8_188\" id=\"t15_188\" style=\"left:43px;bottom:412px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">franchises, focusing on widening access to the customer, the higher added value sectors of healing chronic wounds and tissue repair </div>\n<div class=\"t s8_188\" id=\"t16_188\" style=\"left:43px;bottom:397px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">using bioactives, and by continuing to improve e\ufb03ciency. </div>\n<div class=\"t s8_188\" id=\"t17_188\" style=\"left:43px;bottom:373px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The weighted average growth rate used to extrapolate the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in </div>\n<div class=\"t s8_188\" id=\"t18_188\" style=\"left:43px;bottom:357px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">calculating the terminal value is 2.0.% (2021: 2.0%). The pre tax discount rate used in the Advanced Wound Management CGU </div>\n<div class=\"t s8_188\" id=\"t19_188\" style=\"left:43px;bottom:342px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">value-in-use calculation re\ufb02ects the geographical mix and industry sector and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"t1a_188\" style=\"left:43px;bottom:317px;letter-spacing:-0.19px;display:inline;\">8.4 </div><div class=\"t sa_188\" id=\"t1b_188\" style=\"left:66px;bottom:317px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Sensitivity to changes in assumptions used in value-in-use calculations </div>\n<div class=\"t s8_188\" id=\"t1c_188\" style=\"left:43px;bottom:300px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Management have performed a sensitivity analysis of the value-in-use calculations for the identi\ufb01ed CGUs and there was no impact </div>\n<div class=\"t s8_188\" id=\"t1d_188\" style=\"left:43px;bottom:285px;letter-spacing:0.07px;word-spacing:-0.1px;display:inline;\">on\u00a0the reported amounts of goodwill as a result of this review for the Sports Medicine &amp; ENT and Advanced Wound Management CGUs. </div>\n<div class=\"t s8_188\" id=\"t1e_188\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The calculation of value-in-use for the Orthopaedics CGU is sensitive to reasonably possible changes in assumptions. Management\u2019s </div>\n<div class=\"t s8_188\" id=\"t1f_188\" style=\"left:43px;bottom:254px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration of these sensitivities is set out below: </div>\n<div class=\"t sb_188\" id=\"t1g_188\" style=\"left:43px;bottom:230px;letter-spacing:0.12px;word-spacing:-0.06px;display:inline;\">Revenue and </div><div class=\"t sb_188\" id=\"t1h_188\" style=\"left:123px;bottom:230px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">trading pro\ufb01t margin </div><div class=\"t s8_188\" id=\"t1i_188\" style=\"left:249px;bottom:230px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">\u2013 management has considered the impact of a decrease in the trading pro\ufb01t margin. This sensitivity </div>\n<div class=\"t s8_188\" id=\"t1j_188\" style=\"left:43px;bottom:215px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">analysis shows\u00a0that for the recoverable amount of the Orthopaedics CGU to be less than its carrying value, the trading pro\ufb01t margin </div>\n<div class=\"t s8_188\" id=\"t1k_188\" style=\"left:43px;bottom:200px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">would have\u00a0to decrease by more than 330 basis points. </div>\n<div class=\"t sc_188\" id=\"t1l_188\" style=\"left:43px;bottom:11px;letter-spacing:-0.75px;display:inline;\">186 </div><div class=\"t sd_188\" id=\"t1m_188\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_188\" id=\"t1n_188\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_189\" id=\"t1_189\" style=\"left:65px;bottom:956px;display:inline;\">9 </div><div class=\"t s2_189\" id=\"t2_189\" style=\"left:78px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Intangible assets </div>\n<div class=\"t s3_189\" id=\"t3_189\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_189\" id=\"t4_189\" style=\"left:74px;bottom:911px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible assets </div>\n<div class=\"t s5_189\" id=\"t5_189\" style=\"left:74px;bottom:893px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Intangible assets acquired separately from a business combination (including purchased patents, know-how, trademarks, licences </div>\n<div class=\"t s5_189\" id=\"t6_189\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0distribution rights) are initially measured at cost. The cost of intangible assets acquired in a material business combination </div>\n<div class=\"t s5_189\" id=\"t7_189\" style=\"left:74px;bottom:863px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">(referred to as acquisition intangibles) is the fair value as at the date of acquisition. Following initial recognition, intangible assets are </div>\n<div class=\"t s5_189\" id=\"t8_189\" style=\"left:74px;bottom:848px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">carried at cost less any\u00a0accumulated amortisation and any accumulated impairment losses. All intangible assets are amortised on a </div>\n<div class=\"t s5_189\" id=\"t9_189\" style=\"left:74px;bottom:832px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">straight-line basis over their estimated useful economic lives. The estimated useful economic life of so\ufb05ware ranges between three </div>\n<div class=\"t s5_189\" id=\"ta_189\" style=\"left:74px;bottom:817px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and seven years. The estimated useful economic life of technology assets ranges between 6\u201320 years, product-related assets ranges </div>\n<div class=\"t s5_189\" id=\"tb_189\" style=\"left:74px;bottom:802px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">between 2\u201320 years, and customer and distribution assets ranges between 2\u201314 years. Internally-generated intangible assets are </div>\n<div class=\"t s5_189\" id=\"tc_189\" style=\"left:74px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">expensed in the income statement as incurred. Purchased computer so\ufb05ware and certain costs of information technology projects </div>\n<div class=\"t s5_189\" id=\"td_189\" style=\"left:74px;bottom:771px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">are capitalised as intangible assets. So\ufb05ware that is integral to computer hardware is capitalised as plant and equipment. </div>\n<div class=\"t s4_189\" id=\"te_189\" style=\"left:74px;bottom:747px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Impairment of intangible assets </div>\n<div class=\"t s5_189\" id=\"tf_189\" style=\"left:74px;bottom:729px;word-spacing:-0.11px;display:inline;\">The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying </div>\n<div class=\"t s5_189\" id=\"tg_189\" style=\"left:74px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the </div>\n<div class=\"t s5_189\" id=\"th_189\" style=\"left:74px;bottom:699px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the </div>\n<div class=\"t s5_189\" id=\"ti_189\" style=\"left:74px;bottom:683px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">recoverable amount of the CGU to which it belongs. An asset\u2019s recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less </div>\n<div class=\"t s5_189\" id=\"tj_189\" style=\"left:74px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">costs to sell and its value-in-use. In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using </div>\n<div class=\"t s5_189\" id=\"tk_189\" style=\"left:74px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">a\u00a0pre-tax discount rate that re\ufb02ects the current market assessments of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s5_189\" id=\"tl_189\" style=\"left:74px;bottom:629px;letter-spacing:0.08px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets, a number of signi\ufb01cant assumptions have to be made when preparing cash </div>\n<div class=\"t s5_189\" id=\"tm_189\" style=\"left:74px;bottom:614px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02ow\u00a0projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, </div>\n<div class=\"t s5_189\" id=\"tn_189\" style=\"left:74px;bottom:598px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s5_189\" id=\"to_189\" style=\"left:74px;bottom:583px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or\u00a0changes in expectations should arise, impairment charges may be required which would adversely </div>\n<div class=\"t s5_189\" id=\"tp_189\" style=\"left:74px;bottom:568px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact operating results. </div>\n<div class=\"t s6_189\" id=\"tq_189\" style=\"left:830px;bottom:11px;letter-spacing:-1.06px;display:inline;\">187 </div><div class=\"t s7_189\" id=\"tr_189\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_189\" id=\"ts_189\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_189\" id=\"tt_189\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_189\" id=\"tu_189\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_189\" id=\"tv_189\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_189\" id=\"tw_189\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_190\" id=\"t1_190\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_190\" id=\"t2_190\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_190\" id=\"t3_190\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_190\" id=\"t4_190\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_190\" id=\"t5_190\" style=\"left:43px;bottom:956px;display:inline;\">9 </div><div class=\"t s6_190\" id=\"t6_190\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Intangible assets </div><div class=\"t s7_190\" id=\"t7_190\" style=\"left:176px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_190\" id=\"t8_190\" style=\"left:511px;bottom:941px;letter-spacing:-0.11px;word-spacing:-0.16px;display:inline;\">Customer\u00a0and </div><div class=\"t s8_190\" id=\"t9_190\" style=\"left:720px;bottom:941px;letter-spacing:-0.04px;display:inline;\">Assets </div>\n<div class=\"t s8_190\" id=\"ta_190\" style=\"left:450px;bottom:929px;letter-spacing:-0.12px;display:inline;\">Product- </div><div class=\"t s8_190\" id=\"tb_190\" style=\"left:518px;bottom:929px;letter-spacing:-0.06px;display:inline;\">distribution- </div><div class=\"t s8_190\" id=\"tc_190\" style=\"left:697px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">in course of </div>\n<div class=\"t s8_190\" id=\"td_190\" style=\"left:351px;bottom:916px;letter-spacing:-0.16px;display:inline;\">Technology </div><div class=\"t s8_190\" id=\"te_190\" style=\"left:458px;bottom:916px;letter-spacing:-0.1px;display:inline;\">related </div><div class=\"t s8_190\" id=\"tf_190\" style=\"left:545px;bottom:916px;letter-spacing:-0.1px;display:inline;\">related </div><div class=\"t s8_190\" id=\"tg_190\" style=\"left:621px;bottom:916px;letter-spacing:-0.09px;display:inline;\">So\ufb05ware </div><div class=\"t s8_190\" id=\"th_190\" style=\"left:690px;bottom:916px;letter-spacing:-0.06px;display:inline;\">construction </div><div class=\"t s8_190\" id=\"ti_190\" style=\"left:815px;bottom:916px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s8_190\" id=\"tj_190\" style=\"left:291px;bottom:904px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s8_190\" id=\"tk_190\" style=\"left:327px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tl_190\" style=\"left:329px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tm_190\" style=\"left:332px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tn_190\" style=\"left:365px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"to_190\" style=\"left:411px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tp_190\" style=\"left:414px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tq_190\" style=\"left:416px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tr_190\" style=\"left:418px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"ts_190\" style=\"left:452px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"tt_190\" style=\"left:498px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tu_190\" style=\"left:500px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tv_190\" style=\"left:503px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tw_190\" style=\"left:505px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tx_190\" style=\"left:538px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"ty_190\" style=\"left:585px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tz_190\" style=\"left:587px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t10_190\" style=\"left:589px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t11_190\" style=\"left:592px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t12_190\" style=\"left:625px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t13_190\" style=\"left:671px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t14_190\" style=\"left:674px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t15_190\" style=\"left:676px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t16_190\" style=\"left:678px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t17_190\" style=\"left:711px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t18_190\" style=\"left:758px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t19_190\" style=\"left:760px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1a_190\" style=\"left:763px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1b_190\" style=\"left:765px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1c_190\" style=\"left:798px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t1d_190\" style=\"left:844px;bottom:904px;display:inline;\">\u00a0</div>\n<div class=\"t s9_190\" id=\"t1e_190\" style=\"left:48px;bottom:885px;letter-spacing:0.21px;display:inline;\">Cost </div>\n<div class=\"t sa_190\" id=\"t1f_190\" style=\"left:43px;bottom:866px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_190\" id=\"t1g_190\" style=\"left:384px;bottom:866px;letter-spacing:-0.24px;display:inline;\">495 </div><div class=\"t sa_190\" id=\"t1h_190\" style=\"left:460px;bottom:866px;letter-spacing:-0.12px;display:inline;\">2,236 </div><div class=\"t sa_190\" id=\"t1i_190\" style=\"left:557px;bottom:866px;letter-spacing:-0.42px;display:inline;\">226 </div><div class=\"t sa_190\" id=\"t1j_190\" style=\"left:644px;bottom:866px;letter-spacing:-0.34px;display:inline;\">477 </div><div class=\"t sa_190\" id=\"t1k_190\" style=\"left:738px;bottom:866px;letter-spacing:-0.09px;display:inline;\">54 </div><div class=\"t sa_190\" id=\"t1l_190\" style=\"left:806px;bottom:866px;letter-spacing:0.04px;display:inline;\">3,488 </div>\n<div class=\"t sa_190\" id=\"t1m_190\" style=\"left:43px;bottom:848px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_190\" id=\"t1n_190\" style=\"left:395px;bottom:848px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t sa_190\" id=\"t1o_190\" style=\"left:474px;bottom:848px;letter-spacing:-0.06px;display:inline;\">(26) </div><div class=\"t sa_190\" id=\"t1p_190\" style=\"left:568px;bottom:848px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t sa_190\" id=\"t1q_190\" style=\"left:654px;bottom:848px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_190\" id=\"t1r_190\" style=\"left:742px;bottom:848px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sa_190\" id=\"t1s_190\" style=\"left:821px;bottom:848px;letter-spacing:-0.4px;display:inline;\">(49) </div>\n<div class=\"t sa_190\" id=\"t1t_190\" style=\"left:43px;bottom:829px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_190\" id=\"t1u_190\" style=\"left:384px;bottom:829px;letter-spacing:-0.6px;display:inline;\">101 </div><div class=\"t sa_190\" id=\"t1v_190\" style=\"left:485px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1w_190\" style=\"left:565px;bottom:829px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t sa_190\" id=\"t1x_190\" style=\"left:658px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1y_190\" style=\"left:745px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1z_190\" style=\"left:817px;bottom:829px;letter-spacing:-0.43px;display:inline;\">112 </div>\n<div class=\"t sa_190\" id=\"t20_190\" style=\"left:43px;bottom:811px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_190\" id=\"t21_190\" style=\"left:399px;bottom:811px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t22_190\" style=\"left:486px;bottom:811px;display:inline;\">1 </div><div class=\"t sa_190\" id=\"t23_190\" style=\"left:572px;bottom:811px;display:inline;\">4 </div><div class=\"t sa_190\" id=\"t24_190\" style=\"left:652px;bottom:811px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t sa_190\" id=\"t25_190\" style=\"left:738px;bottom:811px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_190\" id=\"t26_190\" style=\"left:824px;bottom:811px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t sa_190\" id=\"t27_190\" style=\"left:43px;bottom:793px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_190\" id=\"t28_190\" style=\"left:399px;bottom:793px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t29_190\" style=\"left:482px;bottom:793px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_190\" id=\"t2a_190\" style=\"left:569px;bottom:793px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t2b_190\" style=\"left:648px;bottom:793px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t sa_190\" id=\"t2c_190\" style=\"left:745px;bottom:793px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2d_190\" style=\"left:821px;bottom:793px;letter-spacing:-0.17px;display:inline;\">(22) </div>\n<div class=\"t sa_190\" id=\"t2e_190\" style=\"left:43px;bottom:774px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_190\" id=\"t2f_190\" style=\"left:399px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2g_190\" style=\"left:482px;bottom:774px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t2h_190\" style=\"left:572px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2i_190\" style=\"left:658px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2j_190\" style=\"left:745px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2k_190\" style=\"left:829px;bottom:774px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t sa_190\" id=\"t2l_190\" style=\"left:43px;bottom:756px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_190\" id=\"t2m_190\" style=\"left:399px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2n_190\" style=\"left:485px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2o_190\" style=\"left:572px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2p_190\" style=\"left:652px;bottom:756px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t sa_190\" id=\"t2q_190\" style=\"left:742px;bottom:756px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t sa_190\" id=\"t2r_190\" style=\"left:832px;bottom:756px;display:inline;\">3 </div>\n<div class=\"t s9_190\" id=\"t2s_190\" style=\"left:43px;bottom:737px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t2t_190\" style=\"left:383px;bottom:737px;letter-spacing:-0.03px;display:inline;\">588 </div><div class=\"t sa_190\" id=\"t2u_190\" style=\"left:460px;bottom:737px;letter-spacing:-0.11px;display:inline;\">2,206 </div><div class=\"t sa_190\" id=\"t2v_190\" style=\"left:557px;bottom:737px;letter-spacing:-0.42px;display:inline;\">231 </div><div class=\"t sa_190\" id=\"t2w_190\" style=\"left:644px;bottom:737px;letter-spacing:-0.47px;display:inline;\">491 </div><div class=\"t sa_190\" id=\"t2x_190\" style=\"left:738px;bottom:737px;letter-spacing:0.03px;display:inline;\">68 </div><div class=\"t sa_190\" id=\"t2y_190\" style=\"left:806px;bottom:737px;letter-spacing:0.05px;display:inline;\">3,584 </div>\n<div class=\"t sa_190\" id=\"t2z_190\" style=\"left:43px;bottom:719px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_190\" id=\"t30_190\" style=\"left:394px;bottom:719px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sb_190\" id=\"t31_190\" style=\"left:473px;bottom:719px;letter-spacing:-0.45px;display:inline;\">(21) </div><div class=\"t sb_190\" id=\"t32_190\" style=\"left:567px;bottom:719px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t33_190\" style=\"left:645px;bottom:719px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t sb_190\" id=\"t34_190\" style=\"left:740px;bottom:719px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t35_190\" style=\"left:819px;bottom:719px;letter-spacing:-0.34px;display:inline;\">(45) </div>\n<div class=\"t sa_190\" id=\"t36_190\" style=\"left:43px;bottom:700px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_190\" id=\"t37_190\" style=\"left:305px;bottom:700px;letter-spacing:-0.52px;display:inline;\">21 </div><div class=\"t sb_190\" id=\"t38_190\" style=\"left:399px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t39_190\" style=\"left:476px;bottom:700px;letter-spacing:0.08px;display:inline;\">44 </div><div class=\"t sb_190\" id=\"t3a_190\" style=\"left:572px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3b_190\" style=\"left:659px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3c_190\" style=\"left:746px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3d_190\" style=\"left:823px;bottom:700px;letter-spacing:0.08px;display:inline;\">44 </div>\n<div class=\"t sa_190\" id=\"t3e_190\" style=\"left:43px;bottom:682px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sb_190\" id=\"t3f_190\" style=\"left:399px;bottom:682px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3g_190\" style=\"left:485px;bottom:682px;display:inline;\">3 </div><div class=\"t sb_190\" id=\"t3h_190\" style=\"left:572px;bottom:682px;display:inline;\">7 </div><div class=\"t sb_190\" id=\"t3i_190\" style=\"left:650px;bottom:682px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_190\" id=\"t3j_190\" style=\"left:737px;bottom:682px;letter-spacing:-0.27px;display:inline;\">35 </div><div class=\"t sb_190\" id=\"t3k_190\" style=\"left:823px;bottom:682px;letter-spacing:-0.23px;display:inline;\">77 </div>\n<div class=\"t sa_190\" id=\"t3l_190\" style=\"left:43px;bottom:663px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_190\" id=\"t3m_190\" style=\"left:399px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3n_190\" style=\"left:486px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3o_190\" style=\"left:567px;bottom:663px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_190\" id=\"t3p_190\" style=\"left:653px;bottom:663px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sb_190\" id=\"t3q_190\" style=\"left:746px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3r_190\" style=\"left:827px;bottom:663px;letter-spacing:-0.22px;display:inline;\">(6) </div>\n<div class=\"t sa_190\" id=\"t3s_190\" style=\"left:43px;bottom:645px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_190\" id=\"t3t_190\" style=\"left:399px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3u_190\" style=\"left:486px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3v_190\" style=\"left:572px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3w_190\" style=\"left:659px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3x_190\" style=\"left:741px;bottom:645px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_190\" id=\"t3y_190\" style=\"left:827px;bottom:645px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t sa_190\" id=\"t3z_190\" style=\"left:43px;bottom:627px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sb_190\" id=\"t40_190\" style=\"left:399px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t41_190\" style=\"left:486px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t42_190\" style=\"left:572px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t43_190\" style=\"left:658px;bottom:627px;display:inline;\">4 </div><div class=\"t sb_190\" id=\"t44_190\" style=\"left:740px;bottom:627px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sb_190\" id=\"t45_190\" style=\"left:832px;bottom:627px;display:inline;\">\u2013 </div>\n<div class=\"t s9_190\" id=\"t46_190\" style=\"left:43px;bottom:608px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t47_190\" style=\"left:382px;bottom:608px;letter-spacing:-0.28px;display:inline;\">582 </div><div class=\"t sb_190\" id=\"t48_190\" style=\"left:457px;bottom:608px;letter-spacing:-0.09px;display:inline;\">2,232 </div><div class=\"t sb_190\" id=\"t49_190\" style=\"left:555px;bottom:608px;letter-spacing:-0.25px;display:inline;\">235 </div><div class=\"t sb_190\" id=\"t4a_190\" style=\"left:641px;bottom:608px;letter-spacing:-0.04px;display:inline;\">508 </div><div class=\"t sb_190\" id=\"t4b_190\" style=\"left:736px;bottom:608px;letter-spacing:-0.1px;display:inline;\">96 </div><div class=\"t sb_190\" id=\"t4c_190\" style=\"left:804px;bottom:608px;letter-spacing:-0.17px;display:inline;\">3,653 </div>\n<div class=\"t s9_190\" id=\"t4d_190\" style=\"left:48px;bottom:590px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Amortisation and impairment </div><div class=\"t sa_190\" id=\"t4e_190\" style=\"left:395px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t sa_190\" id=\"t4f_190\" style=\"left:398px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t sa_190\" id=\"t4g_190\" style=\"left:43px;bottom:571px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_190\" id=\"t4h_190\" style=\"left:385px;bottom:571px;letter-spacing:-0.69px;display:inline;\">142 </div><div class=\"t sa_190\" id=\"t4i_190\" style=\"left:460px;bottom:571px;letter-spacing:-0.15px;display:inline;\">1,373 </div><div class=\"t sa_190\" id=\"t4j_190\" style=\"left:557px;bottom:571px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t sa_190\" id=\"t4k_190\" style=\"left:644px;bottom:571px;letter-spacing:-0.41px;display:inline;\">361 </div><div class=\"t sa_190\" id=\"t4l_190\" style=\"left:745px;bottom:571px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t4m_190\" style=\"left:806px;bottom:571px;letter-spacing:-0.17px;display:inline;\">2,002 </div>\n<div class=\"t sa_190\" id=\"t4n_190\" style=\"left:43px;bottom:553px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_190\" id=\"t4o_190\" style=\"left:395px;bottom:553px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_190\" id=\"t4p_190\" style=\"left:474px;bottom:553px;letter-spacing:-0.11px;display:inline;\">(20) </div><div class=\"t sa_190\" id=\"t4q_190\" style=\"left:569px;bottom:553px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t4r_190\" style=\"left:654px;bottom:553px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_190\" id=\"t4s_190\" style=\"left:745px;bottom:553px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t4t_190\" style=\"left:820px;bottom:553px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t sa_190\" id=\"t4u_190\" style=\"left:43px;bottom:534px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the year </div><div class=\"t sa_190\" id=\"t4v_190\" style=\"left:392px;bottom:534px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t sa_190\" id=\"t4w_190\" style=\"left:471px;bottom:534px;letter-spacing:-0.39px;display:inline;\">131 </div><div class=\"t sa_190\" id=\"t4x_190\" style=\"left:565px;bottom:534px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t sa_190\" id=\"t4y_190\" style=\"left:652px;bottom:534px;letter-spacing:-0.66px;display:inline;\">42 </div><div class=\"t sa_190\" id=\"t4z_190\" style=\"left:745px;bottom:534px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t50_190\" style=\"left:817px;bottom:534px;letter-spacing:-0.37px;display:inline;\">237 </div>\n<div class=\"t sa_190\" id=\"t51_190\" style=\"left:43px;bottom:516px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_190\" id=\"t52_190\" style=\"left:399px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t53_190\" style=\"left:482px;bottom:516px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sa_190\" id=\"t54_190\" style=\"left:572px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t55_190\" style=\"left:659px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t56_190\" style=\"left:745px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t57_190\" style=\"left:828px;bottom:516px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t sa_190\" id=\"t58_190\" style=\"left:43px;bottom:498px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_190\" id=\"t59_190\" style=\"left:399px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5a_190\" style=\"left:485px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5b_190\" style=\"left:572px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5c_190\" style=\"left:648px;bottom:498px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t sa_190\" id=\"t5d_190\" style=\"left:745px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5e_190\" style=\"left:821px;bottom:498px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s9_190\" id=\"t5f_190\" style=\"left:43px;bottom:479px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t5g_190\" style=\"left:384px;bottom:479px;letter-spacing:-0.17px;display:inline;\">180 </div><div class=\"t sa_190\" id=\"t5h_190\" style=\"left:460px;bottom:479px;letter-spacing:-0.13px;display:inline;\">1,482 </div><div class=\"t sa_190\" id=\"t5i_190\" style=\"left:557px;bottom:479px;letter-spacing:-0.5px;display:inline;\">145 </div><div class=\"t sa_190\" id=\"t5j_190\" style=\"left:644px;bottom:479px;letter-spacing:-0.4px;display:inline;\">379 </div><div class=\"t sa_190\" id=\"t5k_190\" style=\"left:745px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5l_190\" style=\"left:807px;bottom:479px;letter-spacing:-0.27px;display:inline;\">2,186 </div>\n<div class=\"t sa_190\" id=\"t5m_190\" style=\"left:43px;bottom:461px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_190\" id=\"t5n_190\" style=\"left:394px;bottom:461px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t5o_190\" style=\"left:472px;bottom:461px;letter-spacing:-0.35px;display:inline;\">(19) </div><div class=\"t sb_190\" id=\"t5p_190\" style=\"left:567px;bottom:461px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t5q_190\" style=\"left:653px;bottom:461px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t sb_190\" id=\"t5r_190\" style=\"left:746px;bottom:461px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t5s_190\" style=\"left:819px;bottom:461px;letter-spacing:-0.44px;display:inline;\">(31) </div>\n<div class=\"t sa_190\" id=\"t5t_190\" style=\"left:43px;bottom:442px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the year </div><div class=\"t sb_190\" id=\"t5u_190\" style=\"left:390px;bottom:442px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t sb_190\" id=\"t5v_190\" style=\"left:469px;bottom:442px;letter-spacing:-0.34px;display:inline;\">123 </div><div class=\"t sb_190\" id=\"t5w_190\" style=\"left:564px;bottom:442px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sb_190\" id=\"t5x_190\" style=\"left:650px;bottom:442px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t sb_190\" id=\"t5y_190\" style=\"left:746px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t5z_190\" style=\"left:815px;bottom:442px;letter-spacing:-0.39px;display:inline;\">229 </div>\n<div class=\"t sa_190\" id=\"t60_190\" style=\"left:43px;bottom:424px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_190\" id=\"t61_190\" style=\"left:398px;bottom:424px;display:inline;\">4 </div><div class=\"t sb_190\" id=\"t62_190\" style=\"left:477px;bottom:424px;letter-spacing:-0.31px;display:inline;\">28 </div><div class=\"t sb_190\" id=\"t63_190\" style=\"left:572px;bottom:424px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t64_190\" style=\"left:658px;bottom:424px;display:inline;\">6 </div><div class=\"t sb_190\" id=\"t65_190\" style=\"left:746px;bottom:424px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t66_190\" style=\"left:823px;bottom:424px;letter-spacing:-0.11px;display:inline;\">38 </div>\n<div class=\"t sa_190\" id=\"t67_190\" style=\"left:43px;bottom:405px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_190\" id=\"t68_190\" style=\"left:399px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t69_190\" style=\"left:486px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6a_190\" style=\"left:572px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6b_190\" style=\"left:653px;bottom:405px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sb_190\" id=\"t6c_190\" style=\"left:746px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6d_190\" style=\"left:827px;bottom:405px;letter-spacing:-0.2px;display:inline;\">(5) </div>\n<div class=\"t s9_190\" id=\"t6e_190\" style=\"left:43px;bottom:387px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t6f_190\" style=\"left:382px;bottom:387px;letter-spacing:-0.37px;display:inline;\">228 </div><div class=\"t sb_190\" id=\"t6g_190\" style=\"left:457px;bottom:387px;letter-spacing:-0.2px;display:inline;\">1,614 </div><div class=\"t sb_190\" id=\"t6h_190\" style=\"left:555px;bottom:387px;letter-spacing:-0.3px;display:inline;\">160 </div><div class=\"t sb_190\" id=\"t6i_190\" style=\"left:642px;bottom:387px;letter-spacing:-0.42px;display:inline;\">415 </div><div class=\"t sb_190\" id=\"t6j_190\" style=\"left:746px;bottom:387px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6k_190\" style=\"left:804px;bottom:387px;letter-spacing:-0.34px;display:inline;\">2,417 </div>\n<div class=\"t s9_190\" id=\"t6l_190\" style=\"left:48px;bottom:369px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Net book amounts </div><div class=\"t sa_190\" id=\"t6m_190\" style=\"left:395px;bottom:369px;display:inline;\">\u00a0</div><div class=\"t sa_190\" id=\"t6n_190\" style=\"left:398px;bottom:369px;display:inline;\">\u00a0</div>\n<div class=\"t s9_190\" id=\"t6o_190\" style=\"left:43px;bottom:350px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t6p_190\" style=\"left:382px;bottom:350px;letter-spacing:-0.18px;display:inline;\">354 </div><div class=\"t sb_190\" id=\"t6q_190\" style=\"left:469px;bottom:350px;letter-spacing:-0.45px;display:inline;\">618 </div><div class=\"t sb_190\" id=\"t6r_190\" style=\"left:564px;bottom:350px;letter-spacing:-0.42px;display:inline;\">75 </div><div class=\"t sb_190\" id=\"t6s_190\" style=\"left:650px;bottom:350px;letter-spacing:-0.37px;display:inline;\">93 </div><div class=\"t sb_190\" id=\"t6t_190\" style=\"left:736px;bottom:350px;letter-spacing:-0.1px;display:inline;\">96 </div><div class=\"t sb_190\" id=\"t6u_190\" style=\"left:803px;bottom:350px;display:inline;\">1,236 </div>\n<div class=\"t sa_190\" id=\"t6v_190\" style=\"left:43px;bottom:332px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t6w_190\" style=\"left:383px;bottom:332px;letter-spacing:0.09px;display:inline;\">408 </div><div class=\"t sa_190\" id=\"t6x_190\" style=\"left:471px;bottom:332px;letter-spacing:-0.49px;display:inline;\">724 </div><div class=\"t sa_190\" id=\"t6y_190\" style=\"left:564px;bottom:332px;letter-spacing:-0.07px;display:inline;\">86 </div><div class=\"t sa_190\" id=\"t6z_190\" style=\"left:644px;bottom:332px;letter-spacing:-0.43px;display:inline;\">112 </div><div class=\"t sa_190\" id=\"t70_190\" style=\"left:738px;bottom:332px;letter-spacing:0.03px;display:inline;\">68 </div><div class=\"t sa_190\" id=\"t71_190\" style=\"left:806px;bottom:332px;letter-spacing:-0.03px;display:inline;\">1,398 </div>\n<div class=\"t sa_190\" id=\"t72_190\" style=\"left:43px;bottom:303px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Transfers into so\ufb05ware and assets in course of construction includes $nil (2021: $3m) of so\ufb05ware transferred from property, </div>\n<div class=\"t sa_190\" id=\"t73_190\" style=\"left:43px;bottom:288px;letter-spacing:0.01px;word-spacing:-0.05px;display:inline;\">plant\u00a0and equipment. Group capital expenditure relating to so\ufb05ware contracted but not provided for amounted to $7m (2021: $10m). </div>\n<div class=\"t sa_190\" id=\"t74_190\" style=\"left:43px;bottom:264px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Amortisation and impairment of acquisition intangibles is set out below: </div>\n<div class=\"t s8_190\" id=\"t75_190\" style=\"left:727px;bottom:241px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_190\" id=\"t76_190\" style=\"left:813px;bottom:241px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s8_190\" id=\"t77_190\" style=\"left:671px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t78_190\" style=\"left:674px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t79_190\" style=\"left:676px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7a_190\" style=\"left:678px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7b_190\" style=\"left:711px;bottom:229px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_190\" id=\"t7c_190\" style=\"left:758px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7d_190\" style=\"left:760px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7e_190\" style=\"left:763px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7f_190\" style=\"left:765px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7g_190\" style=\"left:798px;bottom:229px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_190\" id=\"t7h_190\" style=\"left:844px;bottom:229px;display:inline;\">\u00a0</div>\n<div class=\"t sa_190\" id=\"t7i_190\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;display:inline;\">Technology </div><div class=\"t sb_190\" id=\"t7j_190\" style=\"left:737px;bottom:210px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sa_190\" id=\"t7k_190\" style=\"left:825px;bottom:210px;letter-spacing:-0.84px;display:inline;\">41 </div>\n<div class=\"t sa_190\" id=\"t7l_190\" style=\"left:43px;bottom:191px;letter-spacing:0.05px;display:inline;\">Product-related </div><div class=\"t sb_190\" id=\"t7m_190\" style=\"left:729px;bottom:191px;letter-spacing:-0.4px;display:inline;\">142 </div><div class=\"t sa_190\" id=\"t7n_190\" style=\"left:817px;bottom:191px;letter-spacing:-0.46px;display:inline;\">118 </div>\n<div class=\"t sa_190\" id=\"t7o_190\" style=\"left:43px;bottom:173px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Customer and distribution-related </div><div class=\"t sb_190\" id=\"t7p_190\" style=\"left:737px;bottom:173px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sa_190\" id=\"t7q_190\" style=\"left:824px;bottom:173px;letter-spacing:-0.2px;display:inline;\">13 </div>\n<div class=\"t s9_190\" id=\"t7r_190\" style=\"left:43px;bottom:154px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sb_190\" id=\"t7s_190\" style=\"left:728px;bottom:154px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t sa_190\" id=\"t7t_190\" style=\"left:817px;bottom:154px;letter-spacing:-0.62px;display:inline;\">172 </div>\n<div class=\"t sc_190\" id=\"t7u_190\" style=\"left:43px;bottom:11px;letter-spacing:-0.67px;display:inline;\">188 </div><div class=\"t sd_190\" id=\"t7v_190\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_190\" id=\"t7w_190\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_191\" id=\"t1_191\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Management have assessed the acquisition intangible assets held by the Group to identify any indicators of impairment as of </div>\n<div class=\"t s1_191\" id=\"t2_191\" style=\"left:65px;bottom:943px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">September\u00a02022. These were updated during December to take into account any signi\ufb01cant events that occurred between September </div>\n<div class=\"t s1_191\" id=\"t3_191\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">and December. Where an impairment indicator has arisen, impairment reviews have been undertaken by comparing the expected </div>\n<div class=\"t s1_191\" id=\"t4_191\" style=\"left:65px;bottom:912px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">recoverable value of assets to the carrying value of assets. In 2022, the Group booked $32m (2021: $nil) of impairment charge in </div>\n<div class=\"t s1_191\" id=\"t5_191\" style=\"left:65px;bottom:897px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">relation\u00a0to\u00a0immaterial product assets in acquisition intangibles. </div>\n<div class=\"t s1_191\" id=\"t6_191\" style=\"left:65px;bottom:873px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">The table below provides further detail on the largest intangible assets and their remaining amortisation period: </div>\n<div class=\"t s2_191\" id=\"t7_191\" style=\"left:810px;bottom:851px;letter-spacing:-0.11px;display:inline;\">Remaining </div>\n<div class=\"t s2_191\" id=\"t8_191\" style=\"left:704px;bottom:838px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">Carrying value </div><div class=\"t s2_191\" id=\"t9_191\" style=\"left:798px;bottom:838px;letter-spacing:-0.07px;display:inline;\">amortisation </div>\n<div class=\"t s2_191\" id=\"ta_191\" style=\"left:733px;bottom:826px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"tb_191\" style=\"left:780px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"tc_191\" style=\"left:782px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"td_191\" style=\"left:784px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"te_191\" style=\"left:787px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"tf_191\" style=\"left:831px;bottom:826px;letter-spacing:-0.06px;display:inline;\">period </div>\n<div class=\"t s1_191\" id=\"tg_191\" style=\"left:65px;bottom:807px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Intangibles acquired as part of the ArthroCare acquisition </div><div class=\"t s1_191\" id=\"th_191\" style=\"left:751px;bottom:807px;letter-spacing:0.04px;display:inline;\">306 </div><div class=\"t s1_191\" id=\"ti_191\" style=\"left:797px;bottom:807px;letter-spacing:-0.24px;word-spacing:0.27px;display:inline;\">1\u201311 years </div>\n<div class=\"t s1_191\" id=\"tj_191\" style=\"left:65px;bottom:788px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Intangibles acquired as part of the Osiris acquisition </div><div class=\"t s1_191\" id=\"tk_191\" style=\"left:752px;bottom:788px;letter-spacing:-0.16px;display:inline;\">204 </div><div class=\"t s1_191\" id=\"tl_191\" style=\"left:803px;bottom:788px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">2\u20136 years </div>\n<div class=\"t s1_191\" id=\"tm_191\" style=\"left:65px;bottom:770px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Intangibles acquired as part of the Healthpoint acquisition </div><div class=\"t s1_191\" id=\"tn_191\" style=\"left:753px;bottom:770px;letter-spacing:-0.67px;display:inline;\">179 </div><div class=\"t s1_191\" id=\"to_191\" style=\"left:819px;bottom:770px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">5 years </div>\n<div class=\"t s3_191\" id=\"tp_191\" style=\"left:65px;bottom:738px;letter-spacing:-0.77px;display:inline;\">10 </div><div class=\"t s4_191\" id=\"tq_191\" style=\"left:87px;bottom:738px;letter-spacing:-0.04px;display:inline;\">Investments </div>\n<div class=\"t s5_191\" id=\"tr_191\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s6_191\" id=\"ts_191\" style=\"left:74px;bottom:694px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Investments, other than those related to associates, are initially recorded at fair value plus any directly attributable transaction costs </div>\n<div class=\"t s6_191\" id=\"tt_191\" style=\"left:74px;bottom:678px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on the trade date. The Group has investments in unquoted entities and an entity that holds mainly unquoted equity securities, which </div>\n<div class=\"t s6_191\" id=\"tu_191\" style=\"left:74px;bottom:663px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by their nature have no \ufb01xed maturity date or coupon rate. These investments are classed as fair value through pro\ufb01t or loss. The fair </div>\n<div class=\"t s6_191\" id=\"tv_191\" style=\"left:74px;bottom:648px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">value of these investments is based on the underlying fair value of the equity securities: marketable securities are valued by reference </div>\n<div class=\"t s6_191\" id=\"tw_191\" style=\"left:74px;bottom:633px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to closing prices in the market; non-marketable securities are estimated considering factors including the purchase price; prices of </div>\n<div class=\"t s6_191\" id=\"tx_191\" style=\"left:74px;bottom:617px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">recent signi\ufb01cant private placements of securities of the same issuer; and estimates of liquidation value. Changes in fair value based </div>\n<div class=\"t s6_191\" id=\"ty_191\" style=\"left:74px;bottom:602px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">on externally observable valuation events are recognised in pro\ufb01t or loss. </div>\n<div class=\"t s2_191\" id=\"tz_191\" style=\"left:748px;bottom:566px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_191\" id=\"t10_191\" style=\"left:835px;bottom:566px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_191\" id=\"t11_191\" style=\"left:693px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t12_191\" style=\"left:695px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t13_191\" style=\"left:698px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t14_191\" style=\"left:700px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t15_191\" style=\"left:733px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"t16_191\" style=\"left:780px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t17_191\" style=\"left:782px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t18_191\" style=\"left:784px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t19_191\" style=\"left:787px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t1a_191\" style=\"left:820px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"t1b_191\" style=\"left:866px;bottom:552px;display:inline;\">\u00a0</div>\n<div class=\"t s1_191\" id=\"t1c_191\" style=\"left:65px;bottom:532px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s7_191\" id=\"t1d_191\" style=\"left:758px;bottom:532px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_191\" id=\"t1e_191\" style=\"left:854px;bottom:532px;display:inline;\">9 </div>\n<div class=\"t s1_191\" id=\"t1f_191\" style=\"left:65px;bottom:514px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s7_191\" id=\"t1g_191\" style=\"left:766px;bottom:514px;display:inline;\">2 </div><div class=\"t s1_191\" id=\"t1h_191\" style=\"left:854px;bottom:514px;display:inline;\">2 </div>\n<div class=\"t s1_191\" id=\"t1i_191\" style=\"left:65px;bottom:496px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s7_191\" id=\"t1j_191\" style=\"left:767px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t s1_191\" id=\"t1k_191\" style=\"left:851px;bottom:496px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_191\" id=\"t1l_191\" style=\"left:65px;bottom:477px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s7_191\" id=\"t1m_191\" style=\"left:758px;bottom:477px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s1_191\" id=\"t1n_191\" style=\"left:846px;bottom:477px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_191\" id=\"t1o_191\" style=\"left:65px;bottom:445px;letter-spacing:-1.02px;display:inline;\">11 </div><div class=\"t s4_191\" id=\"t1p_191\" style=\"left:87px;bottom:445px;letter-spacing:-0.06px;word-spacing:-0.04px;display:inline;\">Investments in associates </div>\n<div class=\"t s5_191\" id=\"t1q_191\" style=\"left:74px;bottom:419px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_191\" id=\"t1r_191\" style=\"left:74px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Investments in associates, being those entities over which the Group has a signi\ufb01cant in\ufb02uence and which is neither a subsidiary </div>\n<div class=\"t s8_191\" id=\"t1s_191\" style=\"left:74px;bottom:386px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">nor\u00a0a\u00a0joint\u00a0venture, are accounted for using the equity method, with the Group recording its share of the associates\u2019 pro\ufb01t and loss </div>\n<div class=\"t s8_191\" id=\"t1t_191\" style=\"left:74px;bottom:371px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and\u00a0other comprehensive income. The Group\u2019s share of associates\u2019 pro\ufb01t or loss is included in one separate income statement line </div>\n<div class=\"t s8_191\" id=\"t1u_191\" style=\"left:74px;bottom:355px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0is\u00a0calculated a\ufb05er\u00a0deduction of their respective taxes. </div>\n<div class=\"t s8_191\" id=\"t1v_191\" style=\"left:74px;bottom:331px;letter-spacing:0.03px;display:inline;\">The carrying amounts of investments in associates are reviewed for impairment as at the balance sheet date. For the purposes of </div>\n<div class=\"t s8_191\" id=\"t1w_191\" style=\"left:74px;bottom:316px;letter-spacing:-0.03px;display:inline;\">impairment testing, the recoverable amounts of these investments would be based on their observable market value. Any impairment </div>\n<div class=\"t s8_191\" id=\"t1x_191\" style=\"left:74px;bottom:301px;letter-spacing:0.03px;display:inline;\">loss is subsequently reversed only to the extent that the recoverable amounts of\u00a0the investments increase. </div>\n<div class=\"t s1_191\" id=\"t1y_191\" style=\"left:65px;bottom:263px;letter-spacing:-0.11px;display:inline;\">At 31 December 2022, the Group holds 28.3% (2021: 29.2%) of Bioventus Inc. (Bioventus) which is the holding company of Bioventus\u00a0LLC. </div>\n<div class=\"t s1_191\" id=\"t1z_191\" style=\"left:65px;bottom:248px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The decrease in the Group\u2019s holding between 2022 and 2021 was because of the exercise of Bioventus employee share options. </div>\n<div class=\"t s1_191\" id=\"t20_191\" style=\"left:65px;bottom:233px;word-spacing:-0.11px;display:inline;\">The company\u2019s headquarters is located in Durham, North Carolina, US, and its medical product development is focused around active </div>\n<div class=\"t s1_191\" id=\"t21_191\" style=\"left:65px;bottom:217px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">healing therapies and the surgical performance of orthobiologics. The active healing therapies product line supports accelerated </div>\n<div class=\"t s1_191\" id=\"t22_191\" style=\"left:65px;bottom:202px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and\u00a0more complete healing of bone fractures, and treats the chronic pain associated with osteoarthritis. </div>\n<div class=\"t s1_191\" id=\"t23_191\" style=\"left:65px;bottom:178px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">The loss a\ufb05er taxation recognised in the income statement relating to Bioventus was $141m (2021: $84m pro\ufb01t) which comprises </div>\n<div class=\"t s1_191\" id=\"t24_191\" style=\"left:65px;bottom:163px;letter-spacing:0.03px;display:inline;\">the\u00a0Group\u2019s share of loss of $32m (2021: $9m pro\ufb01t), $nil gain (2021: $75m gain) on disposal of interest in associate, and an impairment </div>\n<div class=\"t s1_191\" id=\"t25_191\" style=\"left:65px;bottom:148px;letter-spacing:-0.04px;display:inline;\">loss of $109m (2021: $nil). The balance sheet carrying value relating to Bioventus is $46m (2021: $186m). The Group\u2019s ability to recover </div>\n<div class=\"t s1_191\" id=\"t26_191\" style=\"left:65px;bottom:132px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the value of its investment is\u00a0dependent upon the ongoing clinical and commercial success of these products. </div>\n<div class=\"t s1_191\" id=\"t27_191\" style=\"left:65px;bottom:108px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On 11 February 2021, Bioventus commenced trading on the Nasdaq Global Select Market via its holding company, Bioventus Inc., </div>\n<div class=\"t s1_191\" id=\"t28_191\" style=\"left:65px;bottom:93px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">under the symbol \u2018BVS\u2019. Since its IPO in February 2021, Bioventus\u2019s trading share price has decreased signi\ufb01cantly and the company </div>\n<div class=\"t s1_191\" id=\"t29_191\" style=\"left:65px;bottom:78px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">has disclosed a substantial doubt about their ability to continue as a going concern. Given these impairment indicators, management </div>\n<div class=\"t s1_191\" id=\"t2a_191\" style=\"left:65px;bottom:63px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">performed an impairment review by comparing the fair value of Bioventus using its market share price of $2.61 as at 30 December 2022 </div>\n<div class=\"t s1_191\" id=\"t2b_191\" style=\"left:65px;bottom:47px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">less costs of disposal to its carrying amount and concluded that an impairment loss of $109m should be charged (2021: $nil). </div>\n<div class=\"t s9_191\" id=\"t2c_191\" style=\"left:829px;bottom:11px;letter-spacing:-0.83px;display:inline;\">189 </div><div class=\"t sa_191\" id=\"t2d_191\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_191\" id=\"t2e_191\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_191\" id=\"t2f_191\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_191\" id=\"t2g_191\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_191\" id=\"t2h_191\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_191\" id=\"t2i_191\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_192\" id=\"t1_192\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_192\" id=\"t2_192\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_192\" id=\"t3_192\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_192\" id=\"t4_192\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_192\" id=\"t5_192\" style=\"left:43px;bottom:956px;letter-spacing:-1.02px;display:inline;\">11 </div><div class=\"t s6_192\" id=\"t6_192\" style=\"left:65px;bottom:956px;letter-spacing:-0.07px;word-spacing:-0.04px;display:inline;\">Investments in associates </div><div class=\"t s7_192\" id=\"t7_192\" style=\"left:244px;bottom:956px;letter-spacing:-0.05px;display:inline;\">continued </div>\n<div class=\"t s8_192\" id=\"t8_192\" style=\"left:43px;bottom:939px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The amounts recognised in the balance sheet and income statement for associates are as follows: </div>\n<div class=\"t s9_192\" id=\"t9_192\" style=\"left:727px;bottom:917px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_192\" id=\"ta_192\" style=\"left:813px;bottom:917px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_192\" id=\"tb_192\" style=\"left:671px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tc_192\" style=\"left:674px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"td_192\" style=\"left:676px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"te_192\" style=\"left:678px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tf_192\" style=\"left:711px;bottom:905px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"tg_192\" style=\"left:758px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"th_192\" style=\"left:760px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"ti_192\" style=\"left:763px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tj_192\" style=\"left:765px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tk_192\" style=\"left:798px;bottom:905px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"tl_192\" style=\"left:844px;bottom:905px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"tm_192\" style=\"left:43px;bottom:885px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Balance sheet </div><div class=\"t sa_192\" id=\"tn_192\" style=\"left:736px;bottom:885px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s8_192\" id=\"to_192\" style=\"left:817px;bottom:885px;letter-spacing:-0.18px;display:inline;\">188 </div>\n<div class=\"t s8_192\" id=\"tp_192\" style=\"left:43px;bottom:867px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Income statement (loss)/pro\ufb01t </div><div class=\"t sa_192\" id=\"tq_192\" style=\"left:732px;bottom:867px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s8_192\" id=\"tr_192\" style=\"left:832px;bottom:867px;display:inline;\">9 </div>\n<div class=\"t s8_192\" id=\"ts_192\" style=\"left:43px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Impairment of interest in associate </div><div class=\"t sa_192\" id=\"tt_192\" style=\"left:724px;bottom:848px;letter-spacing:-0.24px;display:inline;\">(109) </div><div class=\"t s8_192\" id=\"tu_192\" style=\"left:832px;bottom:848px;display:inline;\">\u2013 </div>\n<div class=\"t s8_192\" id=\"tv_192\" style=\"left:43px;bottom:830px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Gain on disposal of interest in associate </div><div class=\"t sa_192\" id=\"tw_192\" style=\"left:746px;bottom:830px;display:inline;\">\u2013 </div><div class=\"t s8_192\" id=\"tx_192\" style=\"left:824px;bottom:830px;letter-spacing:-0.36px;display:inline;\">75 </div>\n<div class=\"t sb_192\" id=\"ty_192\" style=\"left:43px;bottom:800px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Summarised \ufb01nancial information for signi\ufb01cant associates </div>\n<div class=\"t s8_192\" id=\"tz_192\" style=\"left:43px;bottom:783px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Set out below is the summarised \ufb01nancial information for Bioventus, adjusted for di\ufb00erences with Group accounting policies. For the </div>\n<div class=\"t s8_192\" id=\"t10_192\" style=\"left:43px;bottom:768px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">2022 \ufb01nancial year, full-year information for Bioventus has not been released at the date of approval of these \ufb01nancial statements and </div>\n<div class=\"t s8_192\" id=\"t11_192\" style=\"left:43px;bottom:752px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">is\u00a0market sensitive given Bioventus is a publicly traded company. Accordingly, the summary \ufb01nancial information for 2022 is presented </div>\n<div class=\"t s8_192\" id=\"t12_192\" style=\"left:43px;bottom:737px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">for a nine-month period, with adjustments made for any signi\ufb01cant transactions or events which occur in the fourth quarter. </div>\n<div class=\"t s9_192\" id=\"t13_192\" style=\"left:727px;bottom:715px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_192\" id=\"t14_192\" style=\"left:760px;bottom:715px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t15_192\" style=\"left:813px;bottom:715px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s9_192\" id=\"t16_192\" style=\"left:671px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t17_192\" style=\"left:674px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t18_192\" style=\"left:676px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t19_192\" style=\"left:678px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1a_192\" style=\"left:711px;bottom:703px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t1b_192\" style=\"left:758px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1c_192\" style=\"left:760px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1d_192\" style=\"left:763px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1e_192\" style=\"left:765px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1f_192\" style=\"left:798px;bottom:703px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t1g_192\" style=\"left:844px;bottom:703px;display:inline;\">\u00a0</div>\n<div class=\"t sc_192\" id=\"t1h_192\" style=\"left:48px;bottom:683px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Summarised statement of comprehensive income </div><div class=\"t s8_192\" id=\"t1i_192\" style=\"left:742px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1j_192\" style=\"left:745px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1k_192\" style=\"left:828px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1l_192\" style=\"left:831px;bottom:683px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"t1m_192\" style=\"left:43px;bottom:665px;letter-spacing:0.12px;display:inline;\">Revenue </div><div class=\"t sa_192\" id=\"t1n_192\" style=\"left:728px;bottom:665px;letter-spacing:-0.09px;display:inline;\">386 </div><div class=\"t s8_192\" id=\"t1o_192\" style=\"left:816px;bottom:665px;letter-spacing:0.11px;display:inline;\">300 </div>\n<div class=\"t s8_192\" id=\"t1p_192\" style=\"left:43px;bottom:646px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Attributable (loss)/pro\ufb01t for the\u00a0year </div><div class=\"t sa_192\" id=\"t1q_192\" style=\"left:724px;bottom:646px;letter-spacing:-0.31px;display:inline;\">(129) </div><div class=\"t s8_192\" id=\"t1r_192\" style=\"left:825px;bottom:646px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t s8_192\" id=\"t1s_192\" style=\"left:43px;bottom:628px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Group adjustments </div>\n<div class=\"t sd_192\" id=\"t1t_192\" style=\"left:157px;bottom:635px;display:inline;\">1 </div>\n<div class=\"t sa_192\" id=\"t1u_192\" style=\"left:737px;bottom:628px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t s8_192\" id=\"t1v_192\" style=\"left:825px;bottom:628px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_192\" id=\"t1w_192\" style=\"left:43px;bottom:609px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total comprehensive pro\ufb01t </div><div class=\"t sa_192\" id=\"t1x_192\" style=\"left:724px;bottom:609px;letter-spacing:-0.43px;display:inline;\">(112) </div><div class=\"t s8_192\" id=\"t1y_192\" style=\"left:825px;bottom:609px;letter-spacing:-0.53px;display:inline;\">32 </div>\n<div class=\"t s8_192\" id=\"t1z_192\" style=\"left:43px;bottom:591px;letter-spacing:-0.01px;word-spacing:0.03px;display:inline;\">Group share of pro\ufb01t for the\u00a0year at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t20_192\" style=\"left:732px;bottom:591px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s8_192\" id=\"t21_192\" style=\"left:832px;bottom:591px;display:inline;\">9 </div>\n<div class=\"t s9_192\" id=\"t22_192\" style=\"left:727px;bottom:564px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_192\" id=\"t23_192\" style=\"left:760px;bottom:564px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t24_192\" style=\"left:813px;bottom:564px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s9_192\" id=\"t25_192\" style=\"left:671px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t26_192\" style=\"left:674px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t27_192\" style=\"left:676px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t28_192\" style=\"left:678px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t29_192\" style=\"left:711px;bottom:551px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t2a_192\" style=\"left:758px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2b_192\" style=\"left:760px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2c_192\" style=\"left:763px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2d_192\" style=\"left:765px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2e_192\" style=\"left:798px;bottom:551px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t2f_192\" style=\"left:844px;bottom:551px;display:inline;\">\u00a0</div>\n<div class=\"t sc_192\" id=\"t2g_192\" style=\"left:48px;bottom:532px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Summarised balance sheet </div><div class=\"t s8_192\" id=\"t2h_192\" style=\"left:742px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2i_192\" style=\"left:745px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2j_192\" style=\"left:828px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2k_192\" style=\"left:831px;bottom:532px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"t2l_192\" style=\"left:43px;bottom:513px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Non-current assets </div><div class=\"t sa_192\" id=\"t2m_192\" style=\"left:717px;bottom:513px;letter-spacing:-0.13px;display:inline;\">1,128 </div><div class=\"t s8_192\" id=\"t2n_192\" style=\"left:807px;bottom:513px;letter-spacing:-0.33px;display:inline;\">1,021 </div>\n<div class=\"t s8_192\" id=\"t2o_192\" style=\"left:43px;bottom:495px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Current assets </div><div class=\"t sa_192\" id=\"t2p_192\" style=\"left:729px;bottom:495px;letter-spacing:-0.42px;display:inline;\">271 </div><div class=\"t s8_192\" id=\"t2q_192\" style=\"left:817px;bottom:495px;letter-spacing:-0.32px;display:inline;\">229 </div>\n<div class=\"t s8_192\" id=\"t2r_192\" style=\"left:43px;bottom:477px;letter-spacing:0.14px;word-spacing:-0.13px;display:inline;\">Non-current liabilities </div><div class=\"t sa_192\" id=\"t2s_192\" style=\"left:723px;bottom:477px;letter-spacing:-0.07px;display:inline;\">(730) </div><div class=\"t s8_192\" id=\"t2t_192\" style=\"left:813px;bottom:477px;letter-spacing:-0.19px;display:inline;\">(542) </div>\n<div class=\"t s8_192\" id=\"t2u_192\" style=\"left:43px;bottom:458px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">Current liabilities </div><div class=\"t sa_192\" id=\"t2v_192\" style=\"left:723px;bottom:458px;letter-spacing:-0.12px;display:inline;\">(288) </div><div class=\"t s8_192\" id=\"t2w_192\" style=\"left:814px;bottom:458px;letter-spacing:-0.47px;display:inline;\">(191) </div>\n<div class=\"t s8_192\" id=\"t2x_192\" style=\"left:43px;bottom:440px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t sa_192\" id=\"t2y_192\" style=\"left:728px;bottom:440px;letter-spacing:-0.29px;display:inline;\">381 </div><div class=\"t s8_192\" id=\"t2z_192\" style=\"left:818px;bottom:440px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s8_192\" id=\"t30_192\" style=\"left:43px;bottom:421px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net equity attributable to owners </div><div class=\"t sa_192\" id=\"t31_192\" style=\"left:728px;bottom:421px;letter-spacing:-0.29px;display:inline;\">381 </div><div class=\"t s8_192\" id=\"t32_192\" style=\"left:818px;bottom:421px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s8_192\" id=\"t33_192\" style=\"left:43px;bottom:403px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">Group\u2019s share of net assets at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t34_192\" style=\"left:728px;bottom:403px;letter-spacing:-0.19px;display:inline;\">108 </div><div class=\"t s8_192\" id=\"t35_192\" style=\"left:817px;bottom:403px;letter-spacing:-0.51px;display:inline;\">151 </div>\n<div class=\"t s8_192\" id=\"t36_192\" style=\"left:43px;bottom:384px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Group adjustments </div>\n<div class=\"t sd_192\" id=\"t37_192\" style=\"left:157px;bottom:391px;display:inline;\">1 </div>\n<div class=\"t sa_192\" id=\"t38_192\" style=\"left:737px;bottom:384px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s8_192\" id=\"t39_192\" style=\"left:824px;bottom:384px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t s8_192\" id=\"t3a_192\" style=\"left:43px;bottom:366px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Impairment loss </div><div class=\"t sa_192\" id=\"t3b_192\" style=\"left:724px;bottom:366px;letter-spacing:-0.24px;display:inline;\">(109) </div><div class=\"t s8_192\" id=\"t3c_192\" style=\"left:825px;bottom:366px;display:inline;\">\u2014 </div>\n<div class=\"t s8_192\" id=\"t3d_192\" style=\"left:43px;bottom:347px;letter-spacing:0.04px;display:inline;\">Group\u2019s carrying amount of investment at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t3e_192\" style=\"left:736px;bottom:347px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s8_192\" id=\"t3f_192\" style=\"left:817px;bottom:347px;letter-spacing:-0.23px;display:inline;\">186 </div>\n<div class=\"t se_192\" id=\"t3g_192\" style=\"left:43px;bottom:324px;display:inline;\">1 </div><div class=\"t se_192\" id=\"t3h_192\" style=\"left:56px;bottom:324px;letter-spacing:0.15px;word-spacing:-0.17px;display:inline;\">Group adjustments include adjustments to align with Group policy. </div>\n<div class=\"t s8_192\" id=\"t3i_192\" style=\"left:43px;bottom:298px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">The investment in Bioventus had a fair value less costs of disposal of $46m as at 31 December 2022. </div>\n<div class=\"t s8_192\" id=\"t3j_192\" style=\"left:43px;bottom:274px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">During the year, the Group received a $1m (2021: $4m) cash distribution from its associates. </div>\n<div class=\"t s8_192\" id=\"t3k_192\" style=\"left:43px;bottom:250px;letter-spacing:-0.09px;word-spacing:-0.02px;display:inline;\">At 31 December 2022, the Group held equity investments in two other associates (2021: two) with a carrying value of $nil (2021: $2m). </div>\n<div class=\"t sf_192\" id=\"t3l_192\" style=\"left:43px;bottom:11px;letter-spacing:-0.65px;display:inline;\">190 </div><div class=\"t sg_192\" id=\"t3m_192\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_192\" id=\"t3n_192\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_193\" id=\"t1_193\" style=\"left:65px;bottom:956px;letter-spacing:-0.76px;display:inline;\">12 </div><div class=\"t s2_193\" id=\"t2_193\" style=\"left:87px;bottom:956px;letter-spacing:-0.09px;display:inline;\">Inventories </div>\n<div class=\"t s3_193\" id=\"t3_193\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_193\" id=\"t4_193\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and work-in-progress are valued at factory cost, including appropriate overheads, on a \ufb01rst-in \ufb01rst-out basis. </div>\n<div class=\"t s4_193\" id=\"t5_193\" style=\"left:74px;bottom:896px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">Raw materials and bought-in \ufb01nished goods are valued at purchase price. All inventories are reduced to net realisable value where </div>\n<div class=\"t s4_193\" id=\"t6_193\" style=\"left:74px;bottom:881px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">lower than cost. Inventory acquired as\u00a0part of a business acquisition is valued at selling price less costs to sell and a pro\ufb01t allowance </div>\n<div class=\"t s4_193\" id=\"t7_193\" style=\"left:74px;bottom:866px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">for\u00a0selling e\ufb00orts. </div>\n<div class=\"t s4_193\" id=\"t8_193\" style=\"left:74px;bottom:842px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Orthopaedic instruments are generally not sold but provided to customers and distributors for use in surgery. They are recorded </div>\n<div class=\"t s4_193\" id=\"t9_193\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as inventory until they are deployed at which point they are transferred to plant and equipment and depreciated over their useful </div>\n<div class=\"t s4_193\" id=\"ta_193\" style=\"left:74px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic lives of between three and seven years. </div>\n<div class=\"t s4_193\" id=\"tb_193\" style=\"left:74px;bottom:787px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">A feature of the orthopaedic business is the high level of product inventory required, some of which is located at customer premises </div>\n<div class=\"t s4_193\" id=\"tc_193\" style=\"left:74px;bottom:772px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and is available for customers\u2019 immediate use (referred to as consignment inventory). Complete sets of product, including large and </div>\n<div class=\"t s4_193\" id=\"td_193\" style=\"left:74px;bottom:757px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">small sizes, have to be made available in this way. These outer sizes are used less frequently than standard sizes and towards the </div>\n<div class=\"t s4_193\" id=\"te_193\" style=\"left:74px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">end of the product life cycle are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be </div>\n<div class=\"t s4_193\" id=\"tf_193\" style=\"left:74px;bottom:726px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">made to orthopaedic inventory to anticipate this situation. These adjustments are calculated in accordance with a formula based on </div>\n<div class=\"t s4_193\" id=\"tg_193\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">levels of inventory compared with historical or forecast usage. This formula is applied on an individual product line basis and is \ufb01rst </div>\n<div class=\"t s4_193\" id=\"th_193\" style=\"left:74px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">applied when a product group has been on the market for two years. This method of calculation is considered appropriate based </div>\n<div class=\"t s4_193\" id=\"ti_193\" style=\"left:74px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">on\u00a0experience but it involves management judgements on e\ufb00ectiveness of\u00a0inventory deployment, length of product lives, phase-out </div>\n<div class=\"t s4_193\" id=\"tj_193\" style=\"left:74px;bottom:665px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">of\u00a0old products and e\ufb03ciency of manufacturing planning systems. </div>\n<div class=\"t s5_193\" id=\"tk_193\" style=\"left:693px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tl_193\" style=\"left:695px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tm_193\" style=\"left:748px;bottom:629px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s5_193\" id=\"tn_193\" style=\"left:782px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"to_193\" style=\"left:835px;bottom:629px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s5_193\" id=\"tp_193\" style=\"left:693px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tq_193\" style=\"left:695px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tr_193\" style=\"left:698px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"ts_193\" style=\"left:700px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tt_193\" style=\"left:733px;bottom:617px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_193\" id=\"tu_193\" style=\"left:780px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tv_193\" style=\"left:782px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tw_193\" style=\"left:784px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tx_193\" style=\"left:787px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"ty_193\" style=\"left:820px;bottom:617px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_193\" id=\"tz_193\" style=\"left:866px;bottom:617px;display:inline;\">\u00a0</div>\n<div class=\"t s6_193\" id=\"t10_193\" style=\"left:65px;bottom:597px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Raw materials and consumables </div><div class=\"t s7_193\" id=\"t11_193\" style=\"left:751px;bottom:597px;letter-spacing:-0.87px;display:inline;\">474 </div><div class=\"t s6_193\" id=\"t12_193\" style=\"left:839px;bottom:597px;letter-spacing:-0.72px;display:inline;\">424 </div>\n<div class=\"t s6_193\" id=\"t13_193\" style=\"left:65px;bottom:579px;letter-spacing:0.08px;display:inline;\">Work-in-progress </div><div class=\"t s7_193\" id=\"t14_193\" style=\"left:758px;bottom:579px;letter-spacing:-0.38px;display:inline;\">78 </div><div class=\"t s6_193\" id=\"t15_193\" style=\"left:846px;bottom:579px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t s6_193\" id=\"t16_193\" style=\"left:65px;bottom:560px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and goods for resale </div><div class=\"t s7_193\" id=\"t17_193\" style=\"left:738px;bottom:560px;letter-spacing:-0.11px;display:inline;\">1,653 </div><div class=\"t s6_193\" id=\"t18_193\" style=\"left:828px;bottom:560px;letter-spacing:-0.18px;display:inline;\">1,341 </div>\n<div class=\"t s7_193\" id=\"t19_193\" style=\"left:738px;bottom:542px;letter-spacing:0.04px;display:inline;\">2,205 </div><div class=\"t s6_193\" id=\"t1a_193\" style=\"left:827px;bottom:542px;letter-spacing:0.06px;display:inline;\">1,844 </div>\n<div class=\"t s6_193\" id=\"t1b_193\" style=\"left:65px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.06px;display:inline;\">Management have not changed their policy for calculating the\u00a0provision since 31 December 2021, nor is a change in the key assumptions </div>\n<div class=\"t s6_193\" id=\"t1c_193\" style=\"left:65px;bottom:498px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">underlying the methodology expected in the next 12 months. As a result of increased inventory levels, the provision has increased </div>\n<div class=\"t s6_193\" id=\"t1d_193\" style=\"left:65px;bottom:483px;letter-spacing:0.04px;display:inline;\">from $430m at 31 December 2021 to $504m at 31 December 2022. The provision, however, reduced as a result of foreign exchange </div>\n<div class=\"t s6_193\" id=\"t1e_193\" style=\"left:65px;bottom:467px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">movements of\u00a0$15m. The determination of the estimate of excess and obsolete inventory is a critical accounting estimate and includes </div>\n<div class=\"t s6_193\" id=\"t1f_193\" style=\"left:65px;bottom:452px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">assumptions on the future usage of all di\ufb00erent items of \ufb01nished goods. The provision for excess and obsolete inventory is not considered </div>\n<div class=\"t s6_193\" id=\"t1g_193\" style=\"left:65px;bottom:437px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">to have a range of potential outcomes that is signi\ufb01cantly di\ufb00erent to the $504m at 31 December 2022 in the next 12 months. </div>\n<div class=\"t s6_193\" id=\"t1h_193\" style=\"left:65px;bottom:421px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The provision has a high degree of estimation uncertainty given the range of products and sizes, with a potential range of reasonable </div>\n<div class=\"t s6_193\" id=\"t1i_193\" style=\"left:65px;bottom:406px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">outcomes that could be material over the longer term. </div>\n<div class=\"t s6_193\" id=\"t1j_193\" style=\"left:65px;bottom:382px;letter-spacing:-0.19px;word-spacing:0.01px;display:inline;\">The cost of inventories recognised as an expense and included in cost of goods sold amounted to $1,302m (2021: $1,407m, 2020: $1,129m). </div>\n<div class=\"t s6_193\" id=\"t1k_193\" style=\"left:65px;bottom:367px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">No adverse manufacturing variances generated by factory speci\ufb01c shutdowns or reductions in scheduled production due to Covid </div>\n<div class=\"t s6_193\" id=\"t1l_193\" style=\"left:65px;bottom:352px;letter-spacing:-0.04px;display:inline;\">were\u00a0directly expensed to cost of goods sold in 2022 (2021: $nil, 2020: $85m). In addition, $117m was recognised as an expense within </div>\n<div class=\"t s6_193\" id=\"t1m_193\" style=\"left:65px;bottom:336px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">cost of goods sold resulting from inventory write-o\ufb00s and provision increases (2021: $105m, 2020:\u00a0$144m). </div>\n<div class=\"t s6_193\" id=\"t1n_193\" style=\"left:65px;bottom:312px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Notwithstanding inventory acquired within acquisitions, no inventory is carried at fair value less costs to sell in any year. </div>\n<div class=\"t s8_193\" id=\"t1o_193\" style=\"left:830px;bottom:11px;letter-spacing:-1.28px;display:inline;\">191 </div><div class=\"t s9_193\" id=\"t1p_193\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_193\" id=\"t1q_193\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_193\" id=\"t1r_193\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_193\" id=\"t1s_193\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_193\" id=\"t1t_193\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_193\" id=\"t1u_193\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_194\" id=\"t1_194\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_194\" id=\"t2_194\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_194\" id=\"t3_194\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_194\" id=\"t4_194\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_194\" id=\"t5_194\" style=\"left:43px;bottom:956px;letter-spacing:-0.5px;display:inline;\"> 13</div><div class=\"t s6_194\" id=\"t6_194\" style=\"left:66px;bottom:956px;letter-spacing:-0.09px;word-spacing:-0.01px;display:inline;\">Trade and other receivables </div>\n<div class=\"t s7_194\" id=\"t7_194\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_194\" id=\"t8_194\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Trade and other receivables are carried at amortised cost, less any allowances for uncollectable amounts. They are included </div>\n<div class=\"t s8_194\" id=\"t9_194\" style=\"left:53px;bottom:896px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0current\u00a0assets, except for maturities greater than 12 months a\ufb05er the balance sheet date when they are classi\ufb01ed as </div>\n<div class=\"t s8_194\" id=\"ta_194\" style=\"left:53px;bottom:881px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">non-current assets. </div>\n<div class=\"t s8_194\" id=\"tb_194\" style=\"left:53px;bottom:857px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group manages credit risk through credit limits which require authorisation commensurate with the size of the limit and </div>\n<div class=\"t s8_194\" id=\"tc_194\" style=\"left:53px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which are regularly reviewed. Credit limit decisions are made based on available \ufb01nancial information and the business case. </div>\n<div class=\"t s8_194\" id=\"td_194\" style=\"left:53px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Signi\ufb01cant receivables are regularly reviewed and monitored at Group level. The Group has no signi\ufb01cant concentration of credit risk, </div>\n<div class=\"t s8_194\" id=\"te_194\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with exposure spread over a large number of customers and geographies. Furthermore, the Group\u2019s principal customers are backed </div>\n<div class=\"t s8_194\" id=\"tf_194\" style=\"left:53px;bottom:796px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by government and public or private medical insurance funding, which historically represent a lower risk of default. The maximum </div>\n<div class=\"t s8_194\" id=\"tg_194\" style=\"left:53px;bottom:781px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">exposure to credit risk at the reporting date is the fair value of each class of\u00a0receivable. The Group does not hold any collateral as </div>\n<div class=\"t s8_194\" id=\"th_194\" style=\"left:53px;bottom:765px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">security. Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on </div>\n<div class=\"t s8_194\" id=\"ti_194\" style=\"left:53px;bottom:750px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">credit risk. The Group performed the calculation of expected credit loss rates separately for customer groups which were segmented </div>\n<div class=\"t s8_194\" id=\"tj_194\" style=\"left:53px;bottom:735px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">based on common risk characteristics such as credit risk grade and type of customer (such as government and non-government). </div>\n<div class=\"t s9_194\" id=\"tk_194\" style=\"left:671px;bottom:699px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tl_194\" style=\"left:674px;bottom:699px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tm_194\" style=\"left:727px;bottom:699px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_194\" id=\"tn_194\" style=\"left:813px;bottom:699px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_194\" id=\"to_194\" style=\"left:671px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tp_194\" style=\"left:674px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tq_194\" style=\"left:676px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tr_194\" style=\"left:678px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"ts_194\" style=\"left:711px;bottom:687px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"tt_194\" style=\"left:758px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tu_194\" style=\"left:760px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tv_194\" style=\"left:763px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tw_194\" style=\"left:765px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tx_194\" style=\"left:798px;bottom:687px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"ty_194\" style=\"left:844px;bottom:687px;display:inline;\">\u00a0</div>\n<div class=\"t sa_194\" id=\"tz_194\" style=\"left:48px;bottom:667px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Trade and other receivables due within one year </div>\n<div class=\"t sb_194\" id=\"t10_194\" style=\"left:43px;bottom:649px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Trade receivables </div><div class=\"t sc_194\" id=\"t11_194\" style=\"left:717px;bottom:649px;letter-spacing:-0.19px;display:inline;\">1,076 </div><div class=\"t sb_194\" id=\"t12_194\" style=\"left:807px;bottom:649px;letter-spacing:-0.3px;display:inline;\">1,028 </div>\n<div class=\"t sb_194\" id=\"t13_194\" style=\"left:43px;bottom:630px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Less: loss allowance </div><div class=\"t sc_194\" id=\"t14_194\" style=\"left:732px;bottom:630px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_194\" id=\"t15_194\" style=\"left:820px;bottom:630px;letter-spacing:0.02px;display:inline;\">(57) </div>\n<div class=\"t sb_194\" id=\"t16_194\" style=\"left:43px;bottom:612px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t sc_194\" id=\"t17_194\" style=\"left:717px;bottom:612px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t sb_194\" id=\"t18_194\" style=\"left:817px;bottom:612px;letter-spacing:-0.57px;display:inline;\">971 </div>\n<div class=\"t sb_194\" id=\"t19_194\" style=\"left:43px;bottom:593px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t sc_194\" id=\"t1a_194\" style=\"left:737px;bottom:593px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t sb_194\" id=\"t1b_194\" style=\"left:824px;bottom:593px;letter-spacing:-0.23px;display:inline;\">39 </div>\n<div class=\"t sb_194\" id=\"t1c_194\" style=\"left:43px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other receivables </div><div class=\"t sc_194\" id=\"t1d_194\" style=\"left:729px;bottom:575px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sb_194\" id=\"t1e_194\" style=\"left:824px;bottom:575px;letter-spacing:-0.23px;display:inline;\">95 </div>\n<div class=\"t sb_194\" id=\"t1f_194\" style=\"left:43px;bottom:556px;letter-spacing:0.17px;display:inline;\">Prepayments </div><div class=\"t sc_194\" id=\"t1g_194\" style=\"left:737px;bottom:556px;letter-spacing:-0.61px;display:inline;\">76 </div><div class=\"t sb_194\" id=\"t1h_194\" style=\"left:824px;bottom:556px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t sc_194\" id=\"t1i_194\" style=\"left:716px;bottom:538px;letter-spacing:0.02px;display:inline;\">1,264 </div><div class=\"t sb_194\" id=\"t1j_194\" style=\"left:807px;bottom:538px;letter-spacing:-0.22px;display:inline;\">1,184 </div>\n<div class=\"t sa_194\" id=\"t1k_194\" style=\"left:48px;bottom:520px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Due a\ufb05er more than one year </div>\n<div class=\"t sb_194\" id=\"t1l_194\" style=\"left:43px;bottom:501px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Other non-current assets </div><div class=\"t sc_194\" id=\"t1m_194\" style=\"left:737px;bottom:501px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sb_194\" id=\"t1n_194\" style=\"left:824px;bottom:501px;letter-spacing:-0.24px;display:inline;\">15 </div>\n<div class=\"t sc_194\" id=\"t1o_194\" style=\"left:717px;bottom:483px;letter-spacing:-0.17px;display:inline;\">1,276 </div><div class=\"t sb_194\" id=\"t1p_194\" style=\"left:807px;bottom:483px;letter-spacing:-0.25px;display:inline;\">1,199 </div>\n<div class=\"t sb_194\" id=\"t1q_194\" style=\"left:43px;bottom:454px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Other non-current assets primarily relate to long-term prepayments and contingent consideration. Trade receivables are classi\ufb01ed </div>\n<div class=\"t sb_194\" id=\"t1r_194\" style=\"left:43px;bottom:439px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">as\u00a0loans and receivables. Management considers that the carrying amount of trade and other receivables\u00a0approximates the fair value. </div>\n<div class=\"t sb_194\" id=\"t1s_194\" style=\"left:43px;bottom:423px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on credit risk. </div>\n<div class=\"t sb_194\" id=\"t1t_194\" style=\"left:43px;bottom:408px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">The loss allowance relating to other receivables is de minimis. </div>\n<div class=\"t sb_194\" id=\"t1u_194\" style=\"left:43px;bottom:384px;letter-spacing:0.02px;word-spacing:0.02px;display:inline;\">The loss allowance expense for the year was $4m (2021: $3m, 2020: $25m). </div>\n<div class=\"t sb_194\" id=\"t1v_194\" style=\"left:43px;bottom:360px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The following table provides information about the ageing of and expected credit losses for trade receivables: </div>\n<div class=\"t s9_194\" id=\"t1w_194\" style=\"left:503px;bottom:338px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">2022 Weighted </div>\n<div class=\"t s9_194\" id=\"t1x_194\" style=\"left:520px;bottom:326px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">average loss </div>\n<div class=\"t s9_194\" id=\"t1y_194\" style=\"left:560px;bottom:313px;letter-spacing:-0.15px;display:inline;\">rate </div>\n<div class=\"t s9_194\" id=\"t1z_194\" style=\"left:615px;bottom:326px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">2022 Loss </div>\n<div class=\"t s9_194\" id=\"t20_194\" style=\"left:617px;bottom:313px;letter-spacing:-0.12px;display:inline;\">allowance </div>\n<div class=\"t s9_194\" id=\"t21_194\" style=\"left:696px;bottom:338px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">2022 Gross </div>\n<div class=\"t s9_194\" id=\"t22_194\" style=\"left:713px;bottom:326px;letter-spacing:-0.02px;display:inline;\">carrying </div>\n<div class=\"t s9_194\" id=\"t23_194\" style=\"left:715px;bottom:313px;letter-spacing:-0.1px;display:inline;\">amount </div>\n<div class=\"t s9_194\" id=\"t24_194\" style=\"left:783px;bottom:338px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">2021 Gross </div>\n<div class=\"t s9_194\" id=\"t25_194\" style=\"left:799px;bottom:326px;letter-spacing:-0.02px;display:inline;\">carrying </div>\n<div class=\"t s9_194\" id=\"t26_194\" style=\"left:802px;bottom:313px;letter-spacing:-0.09px;display:inline;\">amount\u00a0</div>\n<div class=\"t s9_194\" id=\"t27_194\" style=\"left:494px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t28_194\" style=\"left:496px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t29_194\" style=\"left:498px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2a_194\" style=\"left:501px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2b_194\" style=\"left:570px;bottom:301px;display:inline;\">%\u00a0</div><div class=\"t s9_194\" id=\"t2c_194\" style=\"left:587px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2d_194\" style=\"left:589px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2e_194\" style=\"left:592px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2f_194\" style=\"left:625px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2g_194\" style=\"left:671px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2h_194\" style=\"left:674px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2i_194\" style=\"left:676px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2j_194\" style=\"left:678px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2k_194\" style=\"left:711px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2l_194\" style=\"left:758px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2m_194\" style=\"left:760px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2n_194\" style=\"left:763px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2o_194\" style=\"left:765px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2p_194\" style=\"left:798px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2q_194\" style=\"left:844px;bottom:301px;display:inline;\">\u00a0</div>\n<div class=\"t sb_194\" id=\"t2r_194\" style=\"left:43px;bottom:282px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Not past due </div><div class=\"t sc_194\" id=\"t2s_194\" style=\"left:541px;bottom:282px;letter-spacing:0.17px;display:inline;\">-0.3% </div><div class=\"t sc_194\" id=\"t2t_194\" style=\"left:653px;bottom:282px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sc_194\" id=\"t2u_194\" style=\"left:729px;bottom:282px;letter-spacing:-0.52px;display:inline;\">610 </div><div class=\"t sb_194\" id=\"t2v_194\" style=\"left:817px;bottom:282px;letter-spacing:-0.37px;display:inline;\">595 </div>\n<div class=\"t sb_194\" id=\"t2w_194\" style=\"left:43px;bottom:263px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Past due not more than 3 months </div><div class=\"t sc_194\" id=\"t2x_194\" style=\"left:542px;bottom:263px;letter-spacing:0.06px;display:inline;\">-0.4% </div><div class=\"t sc_194\" id=\"t2y_194\" style=\"left:654px;bottom:263px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sc_194\" id=\"t2z_194\" style=\"left:729px;bottom:263px;letter-spacing:-0.37px;display:inline;\">228 </div><div class=\"t sb_194\" id=\"t30_194\" style=\"left:818px;bottom:263px;letter-spacing:-0.81px;display:inline;\">217 </div>\n<div class=\"t sb_194\" id=\"t31_194\" style=\"left:43px;bottom:245px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Past due more than 3 months </div><div class=\"t sc_194\" id=\"t32_194\" style=\"left:542px;bottom:245px;letter-spacing:-0.07px;display:inline;\">-1.0% </div><div class=\"t sc_194\" id=\"t33_194\" style=\"left:654px;bottom:245px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sc_194\" id=\"t34_194\" style=\"left:737px;bottom:245px;letter-spacing:-0.46px;display:inline;\">97 </div><div class=\"t sb_194\" id=\"t35_194\" style=\"left:824px;bottom:245px;letter-spacing:0.03px;display:inline;\">88 </div>\n<div class=\"t sb_194\" id=\"t36_194\" style=\"left:43px;bottom:226px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Past due more than 6 months </div><div class=\"t sc_194\" id=\"t37_194\" style=\"left:534px;bottom:226px;letter-spacing:-0.08px;display:inline;\">-31.9% </div><div class=\"t sc_194\" id=\"t38_194\" style=\"left:645px;bottom:226px;letter-spacing:-0.34px;display:inline;\">(45) </div><div class=\"t sc_194\" id=\"t39_194\" style=\"left:729px;bottom:226px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t sb_194\" id=\"t3a_194\" style=\"left:817px;bottom:226px;letter-spacing:-0.4px;display:inline;\">128 </div>\n<div class=\"t sc_194\" id=\"t3b_194\" style=\"left:646px;bottom:208px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sc_194\" id=\"t3c_194\" style=\"left:717px;bottom:208px;letter-spacing:-0.19px;display:inline;\">1,076 </div><div class=\"t sb_194\" id=\"t3d_194\" style=\"left:807px;bottom:208px;letter-spacing:-0.3px;display:inline;\">1,028 </div>\n<div class=\"t sb_194\" id=\"t3e_194\" style=\"left:43px;bottom:190px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Loss allowance </div><div class=\"t sc_194\" id=\"t3f_194\" style=\"left:732px;bottom:190px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_194\" id=\"t3g_194\" style=\"left:820px;bottom:190px;letter-spacing:0.02px;display:inline;\">(57) </div>\n<div class=\"t sb_194\" id=\"t3h_194\" style=\"left:43px;bottom:171px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t sc_194\" id=\"t3i_194\" style=\"left:717px;bottom:171px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t sb_194\" id=\"t3j_194\" style=\"left:817px;bottom:171px;letter-spacing:-0.57px;display:inline;\">971 </div>\n<div class=\"t sd_194\" id=\"t3k_194\" style=\"left:43px;bottom:11px;letter-spacing:-1.25px;display:inline;\">192 </div><div class=\"t se_194\" id=\"t3l_194\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sf_194\" id=\"t3m_194\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_195\" id=\"t1_195\" style=\"left:65px;bottom:958px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group\u2019s expected credit loss accounting policy includes guidance on how the expected credit loss percentages should be </div>\n<div class=\"t s1_195\" id=\"t2_195\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">determined; it\u00a0does not include preset limits as the customer groups and risk pro\ufb01les are not consistent across all of our markets. </div>\n<div class=\"t s1_195\" id=\"t3_195\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Each market determines their own percentages based on historic experience and future expectations, and in line with the </div>\n<div class=\"t s1_195\" id=\"t4_195\" style=\"left:65px;bottom:912px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">general\u00a0guidance in\u00a0the Group\u2019s policy. </div>\n<div class=\"t s1_195\" id=\"t5_195\" style=\"left:65px;bottom:888px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Movements in the loss allowance were as follows: </div>\n<div class=\"t s2_195\" id=\"t6_195\" style=\"left:693px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t7_195\" style=\"left:695px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t8_195\" style=\"left:748px;bottom:875px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_195\" id=\"t9_195\" style=\"left:782px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"ta_195\" style=\"left:835px;bottom:875px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"tb_195\" style=\"left:693px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tc_195\" style=\"left:695px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"td_195\" style=\"left:698px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"te_195\" style=\"left:700px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tf_195\" style=\"left:733px;bottom:862px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"tg_195\" style=\"left:780px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"th_195\" style=\"left:782px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"ti_195\" style=\"left:784px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tj_195\" style=\"left:787px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tk_195\" style=\"left:820px;bottom:862px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"tl_195\" style=\"left:866px;bottom:862px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"tm_195\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s1_195\" id=\"tn_195\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"to_195\" style=\"left:759px;bottom:843px;letter-spacing:-0.61px;display:inline;\">57 </div><div class=\"t s1_195\" id=\"tp_195\" style=\"left:783px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"tq_195\" style=\"left:846px;bottom:843px;letter-spacing:-0.51px;display:inline;\">71 </div>\n<div class=\"t s1_195\" id=\"tr_195\" style=\"left:65px;bottom:824px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s1_195\" id=\"ts_195\" style=\"left:693px;bottom:824px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"tt_195\" style=\"left:762px;bottom:824px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s1_195\" id=\"tu_195\" style=\"left:783px;bottom:824px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"tv_195\" style=\"left:850px;bottom:824px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s1_195\" id=\"tw_195\" style=\"left:65px;bottom:806px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Net receivables provided during the\u00a0year </div><div class=\"t s1_195\" id=\"tx_195\" style=\"left:693px;bottom:806px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"ty_195\" style=\"left:767px;bottom:806px;display:inline;\">4 </div><div class=\"t s1_195\" id=\"tz_195\" style=\"left:783px;bottom:806px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t10_195\" style=\"left:854px;bottom:806px;display:inline;\">3 </div>\n<div class=\"t s1_195\" id=\"t11_195\" style=\"left:65px;bottom:787px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Utilisation of provision </div><div class=\"t s1_195\" id=\"t12_195\" style=\"left:693px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t13_195\" style=\"left:762px;bottom:787px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s1_195\" id=\"t14_195\" style=\"left:783px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t15_195\" style=\"left:843px;bottom:787px;letter-spacing:-0.35px;display:inline;\">(14) </div>\n<div class=\"t s1_195\" id=\"t16_195\" style=\"left:65px;bottom:769px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s1_195\" id=\"t17_195\" style=\"left:693px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t18_195\" style=\"left:758px;bottom:769px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s1_195\" id=\"t19_195\" style=\"left:782px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1a_195\" style=\"left:846px;bottom:769px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s1_195\" id=\"t1b_195\" style=\"left:65px;bottom:740px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Trade receivables include amounts denominated in the following major currencies: </div>\n<div class=\"t s2_195\" id=\"t1c_195\" style=\"left:693px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1d_195\" style=\"left:695px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1e_195\" style=\"left:748px;bottom:727px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_195\" id=\"t1f_195\" style=\"left:782px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1g_195\" style=\"left:835px;bottom:727px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"t1h_195\" style=\"left:693px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1i_195\" style=\"left:695px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1j_195\" style=\"left:698px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1k_195\" style=\"left:700px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1l_195\" style=\"left:733px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t1m_195\" style=\"left:780px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1n_195\" style=\"left:782px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1o_195\" style=\"left:784px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1p_195\" style=\"left:787px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1q_195\" style=\"left:820px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t1r_195\" style=\"left:866px;bottom:714px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t1s_195\" style=\"left:65px;bottom:695px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s3_195\" id=\"t1t_195\" style=\"left:750px;bottom:695px;letter-spacing:-0.14px;display:inline;\">465 </div><div class=\"t s1_195\" id=\"t1u_195\" style=\"left:780px;bottom:695px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1v_195\" style=\"left:839px;bottom:695px;letter-spacing:-0.44px;display:inline;\">429 </div>\n<div class=\"t s1_195\" id=\"t1w_195\" style=\"left:65px;bottom:676px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s3_195\" id=\"t1x_195\" style=\"left:758px;bottom:676px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t s1_195\" id=\"t1y_195\" style=\"left:780px;bottom:676px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1z_195\" style=\"left:846px;bottom:676px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s1_195\" id=\"t20_195\" style=\"left:65px;bottom:658px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s3_195\" id=\"t21_195\" style=\"left:750px;bottom:658px;letter-spacing:-0.47px;display:inline;\">215 </div><div class=\"t s1_195\" id=\"t22_195\" style=\"left:780px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t23_195\" style=\"left:839px;bottom:658px;letter-spacing:-0.46px;display:inline;\">201 </div>\n<div class=\"t s1_195\" id=\"t24_195\" style=\"left:65px;bottom:639px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s3_195\" id=\"t25_195\" style=\"left:750px;bottom:639px;letter-spacing:-0.52px;display:inline;\">310 </div><div class=\"t s1_195\" id=\"t26_195\" style=\"left:780px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t27_195\" style=\"left:838px;bottom:639px;letter-spacing:-0.27px;display:inline;\">307 </div>\n<div class=\"t s1_195\" id=\"t28_195\" style=\"left:65px;bottom:621px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t s3_195\" id=\"t29_195\" style=\"left:739px;bottom:621px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t s1_195\" id=\"t2a_195\" style=\"left:780px;bottom:621px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t2b_195\" style=\"left:839px;bottom:621px;letter-spacing:-0.57px;display:inline;\"> 971</div>\n<div class=\"t s4_195\" id=\"t2c_195\" style=\"left:65px;bottom:589px;letter-spacing:-0.62px;display:inline;\">14 </div><div class=\"t s5_195\" id=\"t2d_195\" style=\"left:87px;bottom:589px;letter-spacing:-0.12px;word-spacing:0.02px;display:inline;\">Trade and other payables </div>\n<div class=\"t s2_195\" id=\"t2e_195\" style=\"left:693px;bottom:568px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2f_195\" style=\"left:695px;bottom:568px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2g_195\" style=\"left:748px;bottom:568px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_195\" id=\"t2h_195\" style=\"left:835px;bottom:568px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"t2i_195\" style=\"left:693px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2j_195\" style=\"left:695px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2k_195\" style=\"left:698px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2l_195\" style=\"left:700px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2m_195\" style=\"left:733px;bottom:556px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t2n_195\" style=\"left:780px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2o_195\" style=\"left:782px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2p_195\" style=\"left:784px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2q_195\" style=\"left:787px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2r_195\" style=\"left:820px;bottom:556px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s6_195\" id=\"t2s_195\" style=\"left:69px;bottom:536px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other payables due within one\u00a0year </div><div class=\"t s3_195\" id=\"t2t_195\" style=\"left:764px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t2u_195\" style=\"left:766px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t2v_195\" style=\"left:850px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t2w_195\" style=\"left:853px;bottom:536px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t2x_195\" style=\"left:65px;bottom:518px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s3_195\" id=\"t2y_195\" style=\"left:738px;bottom:518px;letter-spacing:-0.12px;display:inline;\">1,029 </div><div class=\"t s1_195\" id=\"t2z_195\" style=\"left:828px;bottom:518px;letter-spacing:-0.12px;display:inline;\">1,043 </div>\n<div class=\"t s1_195\" id=\"t30_195\" style=\"left:65px;bottom:499px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t s3_195\" id=\"t31_195\" style=\"left:758px;bottom:499px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t s1_195\" id=\"t32_195\" style=\"left:846px;bottom:499px;letter-spacing:-0.45px;display:inline;\">19 </div>\n<div class=\"t s1_195\" id=\"t33_195\" style=\"left:65px;bottom:481px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s3_195\" id=\"t34_195\" style=\"left:758px;bottom:481px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t s1_195\" id=\"t35_195\" style=\"left:846px;bottom:481px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s3_195\" id=\"t36_195\" style=\"left:738px;bottom:462px;letter-spacing:0.03px;display:inline;\">1,098 </div><div class=\"t s1_195\" id=\"t37_195\" style=\"left:828px;bottom:462px;letter-spacing:-0.06px;display:inline;\">1,096 </div>\n<div class=\"t s6_195\" id=\"t38_195\" style=\"left:69px;bottom:444px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Other payables due a\ufb05er one\u00a0year </div><div class=\"t s3_195\" id=\"t39_195\" style=\"left:764px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t3a_195\" style=\"left:766px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t3b_195\" style=\"left:850px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t3c_195\" style=\"left:853px;bottom:444px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t3d_195\" style=\"left:65px;bottom:425px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s3_195\" id=\"t3e_195\" style=\"left:758px;bottom:425px;letter-spacing:-0.16px;display:inline;\">66 </div><div class=\"t s1_195\" id=\"t3f_195\" style=\"left:846px;bottom:425px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s1_195\" id=\"t3g_195\" style=\"left:65px;bottom:407px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t s3_195\" id=\"t3h_195\" style=\"left:758px;bottom:407px;letter-spacing:-0.24px;display:inline;\">13 </div><div class=\"t s1_195\" id=\"t3i_195\" style=\"left:853px;bottom:407px;display:inline;\">\u2013 </div>\n<div class=\"t s1_195\" id=\"t3j_195\" style=\"left:65px;bottom:389px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Other payables </div><div class=\"t s3_195\" id=\"t3k_195\" style=\"left:759px;bottom:389px;letter-spacing:-0.68px;display:inline;\">11 </div><div class=\"t s1_195\" id=\"t3l_195\" style=\"left:846px;bottom:389px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_195\" id=\"t3m_195\" style=\"left:758px;bottom:370px;letter-spacing:0.05px;display:inline;\">90 </div><div class=\"t s1_195\" id=\"t3n_195\" style=\"left:846px;bottom:370px;letter-spacing:-0.36px;display:inline;\">67 </div>\n<div class=\"t s1_195\" id=\"t3o_195\" style=\"left:65px;bottom:341px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The acquisition consideration includes $78m (2021: $84m) contingent upon future events. </div>\n<div class=\"t s1_195\" id=\"t3p_195\" style=\"left:65px;bottom:317px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The acquisition consideration due a\ufb05er more than one year is expected to be payable as follows: $29m in 2024, $35m in 2025 </div>\n<div class=\"t s1_195\" id=\"t3q_195\" style=\"left:65px;bottom:302px;letter-spacing:-0.1px;word-spacing:0.14px;display:inline;\">and\u00a0$2m\u00a0in\u00a02026 (2021: $18m in 2023, $15m in 2024, $21m\u00a0in\u00a02025 and $3m due in over \ufb01ve years). </div>\n<div class=\"t s7_195\" id=\"t3r_195\" style=\"left:830px;bottom:11px;letter-spacing:-1.17px;display:inline;\">193 </div><div class=\"t s8_195\" id=\"t3s_195\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s9_195\" id=\"t3t_195\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sa_195\" id=\"t3u_195\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sa_195\" id=\"t3v_195\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sb_195\" id=\"t3w_195\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sa_195\" id=\"t3x_195\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_196\" id=\"t1_196\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_196\" id=\"t2_196\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_196\" id=\"t3_196\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_196\" id=\"t4_196\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_196\" id=\"t5_196\" style=\"left:43px;bottom:956px;letter-spacing:-0.59px;display:inline;\">15 </div><div class=\"t s6_196\" id=\"t6_196\" style=\"left:66px;bottom:956px;word-spacing:-0.09px;display:inline;\">Cash and borrowings </div>\n<div class=\"t s7_196\" id=\"t7_196\" style=\"left:43px;bottom:938px;letter-spacing:-0.44px;display:inline;\">15.1 </div><div class=\"t s8_196\" id=\"t8_196\" style=\"left:74px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Net debt </div>\n<div class=\"t s9_196\" id=\"t9_196\" style=\"left:43px;bottom:921px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Net debt comprises borrowings and credit balances on currency swaps less cash at bank. </div>\n<div class=\"t sa_196\" id=\"ta_196\" style=\"left:671px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tb_196\" style=\"left:674px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tc_196\" style=\"left:727px;bottom:899px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sa_196\" id=\"td_196\" style=\"left:813px;bottom:899px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t sa_196\" id=\"te_196\" style=\"left:671px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tf_196\" style=\"left:674px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tg_196\" style=\"left:676px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"th_196\" style=\"left:678px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"ti_196\" style=\"left:711px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"tj_196\" style=\"left:758px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tk_196\" style=\"left:760px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tl_196\" style=\"left:763px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tm_196\" style=\"left:765px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tn_196\" style=\"left:798px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"to_196\" style=\"left:844px;bottom:887px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"tp_196\" style=\"left:43px;bottom:867px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s, borrowings and loans due within one\u00a0year </div><div class=\"t sb_196\" id=\"tq_196\" style=\"left:729px;bottom:867px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t s9_196\" id=\"tr_196\" style=\"left:817px;bottom:867px;letter-spacing:-0.25px;display:inline;\">435 </div>\n<div class=\"t s9_196\" id=\"ts_196\" style=\"left:43px;bottom:849px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Long-term bank borrowings </div><div class=\"t sb_196\" id=\"tt_196\" style=\"left:746px;bottom:849px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"tu_196\" style=\"left:817px;bottom:849px;letter-spacing:-0.24px;display:inline;\">554 </div>\n<div class=\"t s9_196\" id=\"tv_196\" style=\"left:43px;bottom:830px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"tw_196\" style=\"left:717px;bottom:830px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t s9_196\" id=\"tx_196\" style=\"left:817px;bottom:830px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"ty_196\" style=\"left:43px;bottom:812px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"tz_196\" style=\"left:716px;bottom:812px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t s9_196\" id=\"t10_196\" style=\"left:807px;bottom:812px;letter-spacing:-0.3px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t11_196\" style=\"left:43px;bottom:793px;letter-spacing:0.16px;display:inline;\">Borrowings </div><div class=\"t sb_196\" id=\"t12_196\" style=\"left:717px;bottom:793px;letter-spacing:-0.24px;display:inline;\">2,676 </div><div class=\"t s9_196\" id=\"t13_196\" style=\"left:807px;bottom:793px;letter-spacing:-0.43px;display:inline;\">3,142 </div>\n<div class=\"t s9_196\" id=\"t14_196\" style=\"left:43px;bottom:775px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_196\" id=\"t15_196\" style=\"left:723px;bottom:775px;letter-spacing:-0.15px;display:inline;\">(350) </div><div class=\"t s9_196\" id=\"t16_196\" style=\"left:802px;bottom:775px;letter-spacing:-0.09px;display:inline;\">(1,290) </div>\n<div class=\"t s9_196\" id=\"t17_196\" style=\"left:43px;bottom:756px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Credit balance on derivatives\u00a0\u2013 interest rate swaps </div><div class=\"t sb_196\" id=\"t18_196\" style=\"left:737px;bottom:756px;letter-spacing:-0.24px;display:inline;\">13 </div><div class=\"t s9_196\" id=\"t19_196\" style=\"left:832px;bottom:756px;display:inline;\">\u2013 </div>\n<div class=\"t s9_196\" id=\"t1a_196\" style=\"left:43px;bottom:738px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Net debt </div><div class=\"t sb_196\" id=\"t1b_196\" style=\"left:716px;bottom:738px;letter-spacing:-0.01px;display:inline;\">2,339 </div><div class=\"t s9_196\" id=\"t1c_196\" style=\"left:806px;bottom:738px;letter-spacing:-0.19px;display:inline;\">1,852 </div>\n<div class=\"t s9_196\" id=\"t1d_196\" style=\"left:43px;bottom:720px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-current lease liabilities </div><div class=\"t sb_196\" id=\"t1e_196\" style=\"left:729px;bottom:720px;letter-spacing:-0.49px;display:inline;\">147 </div><div class=\"t s9_196\" id=\"t1f_196\" style=\"left:818px;bottom:720px;letter-spacing:-0.78px;display:inline;\">141 </div>\n<div class=\"t s9_196\" id=\"t1g_196\" style=\"left:43px;bottom:701px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Current lease liabilities </div><div class=\"t sb_196\" id=\"t1h_196\" style=\"left:737px;bottom:701px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s9_196\" id=\"t1i_196\" style=\"left:824px;bottom:701px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t s9_196\" id=\"t1j_196\" style=\"left:43px;bottom:683px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">Net debt including lease liabilities </div><div class=\"t sb_196\" id=\"t1k_196\" style=\"left:716px;bottom:683px;letter-spacing:-0.03px;display:inline;\">2,535 </div><div class=\"t s9_196\" id=\"t1l_196\" style=\"left:806px;bottom:683px;letter-spacing:-0.15px;display:inline;\">2,049 </div>\n<div class=\"t s9_196\" id=\"t1m_196\" style=\"left:43px;bottom:654px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Borrowings are repayable as follows: </div>\n<div class=\"t sa_196\" id=\"t1n_196\" style=\"left:287px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Within </div><div class=\"t sa_196\" id=\"t1o_196\" style=\"left:363px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1p_196\" style=\"left:449px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1q_196\" style=\"left:536px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1r_196\" style=\"left:623px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1s_196\" style=\"left:758px;bottom:632px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t1t_196\" style=\"left:760px;bottom:632px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t1u_196\" style=\"left:266px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">one\u00a0year\u00a0or </div><div class=\"t sa_196\" id=\"t1v_196\" style=\"left:369px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">one\u00a0and </div><div class=\"t sa_196\" id=\"t1w_196\" style=\"left:454px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">two\u00a0and </div><div class=\"t sa_196\" id=\"t1x_196\" style=\"left:533px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">three\u00a0and </div><div class=\"t sa_196\" id=\"t1y_196\" style=\"left:626px;bottom:619px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">four\u00a0and </div><div class=\"t sa_196\" id=\"t1z_196\" style=\"left:728px;bottom:619px;letter-spacing:-0.17px;display:inline;\">A\ufb05er </div><div class=\"t sa_196\" id=\"t20_196\" style=\"left:844px;bottom:619px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t21_196\" style=\"left:266px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.17px;display:inline;\">on\u00a0demand </div><div class=\"t sa_196\" id=\"t22_196\" style=\"left:359px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">two\u00a0years </div><div class=\"t sa_196\" id=\"t23_196\" style=\"left:438px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">three\u00a0years </div><div class=\"t sa_196\" id=\"t24_196\" style=\"left:531px;bottom:607px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">four\u00a0years </div><div class=\"t sa_196\" id=\"t25_196\" style=\"left:620px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t26_196\" style=\"left:706px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t27_196\" style=\"left:815px;bottom:607px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sa_196\" id=\"t28_196\" style=\"left:238px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t29_196\" style=\"left:241px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2a_196\" style=\"left:243px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2b_196\" style=\"left:245px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2c_196\" style=\"left:278px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2d_196\" style=\"left:325px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2e_196\" style=\"left:327px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2f_196\" style=\"left:329px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2g_196\" style=\"left:332px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2h_196\" style=\"left:365px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2i_196\" style=\"left:411px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2j_196\" style=\"left:414px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2k_196\" style=\"left:416px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2l_196\" style=\"left:418px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2m_196\" style=\"left:452px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2n_196\" style=\"left:498px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2o_196\" style=\"left:500px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2p_196\" style=\"left:503px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2q_196\" style=\"left:505px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2r_196\" style=\"left:538px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2s_196\" style=\"left:585px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2t_196\" style=\"left:587px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2u_196\" style=\"left:589px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2v_196\" style=\"left:592px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2w_196\" style=\"left:625px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2x_196\" style=\"left:671px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2y_196\" style=\"left:674px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2z_196\" style=\"left:676px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t30_196\" style=\"left:678px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t31_196\" style=\"left:711px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t32_196\" style=\"left:758px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t33_196\" style=\"left:760px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t34_196\" style=\"left:763px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t35_196\" style=\"left:765px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t36_196\" style=\"left:798px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t37_196\" style=\"left:844px;bottom:595px;display:inline;\">\u00a0</div>\n<div class=\"t sc_196\" id=\"t38_196\" style=\"left:48px;bottom:575px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s9_196\" id=\"t39_196\" style=\"left:309px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3a_196\" style=\"left:312px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3b_196\" style=\"left:395px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3c_196\" style=\"left:398px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3d_196\" style=\"left:482px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3e_196\" style=\"left:485px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3f_196\" style=\"left:568px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3g_196\" style=\"left:571px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3h_196\" style=\"left:655px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3i_196\" style=\"left:658px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3j_196\" style=\"left:742px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3k_196\" style=\"left:745px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3l_196\" style=\"left:828px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3m_196\" style=\"left:831px;bottom:575px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t3n_196\" style=\"left:43px;bottom:557px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_196\" id=\"t3o_196\" style=\"left:312px;bottom:557px;display:inline;\">6 </div><div class=\"t sb_196\" id=\"t3p_196\" style=\"left:399px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3q_196\" style=\"left:486px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3r_196\" style=\"left:572px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3s_196\" style=\"left:659px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3t_196\" style=\"left:746px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3u_196\" style=\"left:831px;bottom:557px;display:inline;\">6 </div>\n<div class=\"t s9_196\" id=\"t3v_196\" style=\"left:43px;bottom:539px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"t3w_196\" style=\"left:312px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3x_196\" style=\"left:399px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3y_196\" style=\"left:486px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3z_196\" style=\"left:572px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t40_196\" style=\"left:659px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t41_196\" style=\"left:717px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t sb_196\" id=\"t42_196\" style=\"left:803px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div>\n<div class=\"t s9_196\" id=\"t43_196\" style=\"left:43px;bottom:520px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"t44_196\" style=\"left:295px;bottom:520px;letter-spacing:-0.25px;display:inline;\">105 </div><div class=\"t sb_196\" id=\"t45_196\" style=\"left:381px;bottom:520px;letter-spacing:-0.09px;display:inline;\">430 </div><div class=\"t sb_196\" id=\"t46_196\" style=\"left:486px;bottom:520px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t47_196\" style=\"left:563px;bottom:520px;letter-spacing:-0.42px;display:inline;\">75 </div><div class=\"t sb_196\" id=\"t48_196\" style=\"left:641px;bottom:520px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_196\" id=\"t49_196\" style=\"left:729px;bottom:520px;letter-spacing:-0.5px;display:inline;\">410 </div><div class=\"t sb_196\" id=\"t4a_196\" style=\"left:803px;bottom:520px;letter-spacing:-0.1px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t4b_196\" style=\"left:43px;bottom:502px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t4c_196\" style=\"left:131px;bottom:509px;display:inline;\">1 </div>\n<div class=\"t sb_196\" id=\"t4d_196\" style=\"left:303px;bottom:502px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t sb_196\" id=\"t4e_196\" style=\"left:390px;bottom:502px;letter-spacing:-0.49px;display:inline;\">42 </div><div class=\"t sb_196\" id=\"t4f_196\" style=\"left:477px;bottom:502px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4g_196\" style=\"left:563px;bottom:502px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sb_196\" id=\"t4h_196\" style=\"left:650px;bottom:502px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t sb_196\" id=\"t4i_196\" style=\"left:737px;bottom:502px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t sb_196\" id=\"t4j_196\" style=\"left:815px;bottom:502px;letter-spacing:-0.55px;display:inline;\">210 </div>\n<div class=\"t sb_196\" id=\"t4k_196\" style=\"left:295px;bottom:483px;letter-spacing:-0.3px;display:inline;\">160 </div><div class=\"t sb_196\" id=\"t4l_196\" style=\"left:382px;bottom:483px;letter-spacing:-0.44px;display:inline;\">472 </div><div class=\"t sb_196\" id=\"t4m_196\" style=\"left:477px;bottom:483px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4n_196\" style=\"left:563px;bottom:483px;letter-spacing:-0.15px;display:inline;\">99 </div><div class=\"t sb_196\" id=\"t4o_196\" style=\"left:642px;bottom:483px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_196\" id=\"t4p_196\" style=\"left:716px;bottom:483px;letter-spacing:-0.01px;display:inline;\">1,965 </div><div class=\"t sb_196\" id=\"t4q_196\" style=\"left:803px;bottom:483px;letter-spacing:0.07px;display:inline;\">2,886 </div>\n<div class=\"t s9_196\" id=\"t4r_196\" style=\"left:43px;bottom:465px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s9_196\" id=\"t4s_196\" style=\"left:309px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4t_196\" style=\"left:312px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4u_196\" style=\"left:395px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4v_196\" style=\"left:398px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4w_196\" style=\"left:482px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4x_196\" style=\"left:485px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4y_196\" style=\"left:568px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4z_196\" style=\"left:571px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t50_196\" style=\"left:655px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t51_196\" style=\"left:658px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t52_196\" style=\"left:742px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t53_196\" style=\"left:745px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t54_196\" style=\"left:828px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t55_196\" style=\"left:831px;bottom:465px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t56_196\" style=\"left:43px;bottom:446px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s9_196\" id=\"t57_196\" style=\"left:297px;bottom:446px;letter-spacing:-0.04px;display:inline;\">305 </div><div class=\"t s9_196\" id=\"t58_196\" style=\"left:384px;bottom:446px;letter-spacing:-0.24px;display:inline;\">554 </div><div class=\"t s9_196\" id=\"t59_196\" style=\"left:485px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5a_196\" style=\"left:572px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5b_196\" style=\"left:658px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5c_196\" style=\"left:745px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5d_196\" style=\"left:817px;bottom:446px;letter-spacing:-0.36px;display:inline;\">859 </div>\n<div class=\"t s9_196\" id=\"t5e_196\" style=\"left:43px;bottom:428px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s9_196\" id=\"t5f_196\" style=\"left:312px;bottom:428px;display:inline;\">5 </div><div class=\"t s9_196\" id=\"t5g_196\" style=\"left:399px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5h_196\" style=\"left:485px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5i_196\" style=\"left:572px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5j_196\" style=\"left:658px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5k_196\" style=\"left:745px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5l_196\" style=\"left:832px;bottom:428px;display:inline;\">5 </div>\n<div class=\"t s9_196\" id=\"t5m_196\" style=\"left:43px;bottom:410px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s9_196\" id=\"t5n_196\" style=\"left:312px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5o_196\" style=\"left:399px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5p_196\" style=\"left:485px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5q_196\" style=\"left:572px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5r_196\" style=\"left:658px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5s_196\" style=\"left:730px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div><div class=\"t s9_196\" id=\"t5t_196\" style=\"left:817px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"t5u_196\" style=\"left:43px;bottom:391px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s9_196\" id=\"t5v_196\" style=\"left:297px;bottom:391px;letter-spacing:-0.3px;display:inline;\">125 </div><div class=\"t s9_196\" id=\"t5w_196\" style=\"left:384px;bottom:391px;letter-spacing:-0.36px;display:inline;\">105 </div><div class=\"t s9_196\" id=\"t5x_196\" style=\"left:470px;bottom:391px;letter-spacing:-0.14px;display:inline;\">430 </div><div class=\"t s9_196\" id=\"t5y_196\" style=\"left:572px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5z_196\" style=\"left:651px;bottom:391px;letter-spacing:-0.36px;display:inline;\">75 </div><div class=\"t s9_196\" id=\"t60_196\" style=\"left:730px;bottom:391px;letter-spacing:-0.25px;display:inline;\">550 </div><div class=\"t s9_196\" id=\"t61_196\" style=\"left:806px;bottom:391px;letter-spacing:-0.17px;display:inline;\">1,285 </div>\n<div class=\"t s9_196\" id=\"t62_196\" style=\"left:43px;bottom:373px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t63_196\" style=\"left:131px;bottom:380px;display:inline;\">1 </div>\n<div class=\"t s9_196\" id=\"t64_196\" style=\"left:305px;bottom:373px;letter-spacing:-0.23px;display:inline;\">56 </div><div class=\"t s9_196\" id=\"t65_196\" style=\"left:391px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t66_196\" style=\"left:478px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t67_196\" style=\"left:565px;bottom:373px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t68_196\" style=\"left:651px;bottom:373px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s9_196\" id=\"t69_196\" style=\"left:738px;bottom:373px;letter-spacing:-0.59px;display:inline;\">47 </div><div class=\"t s9_196\" id=\"t6a_196\" style=\"left:817px;bottom:373px;letter-spacing:-0.6px;display:inline;\">210 </div>\n<div class=\"t s9_196\" id=\"t6b_196\" style=\"left:298px;bottom:354px;letter-spacing:-0.47px;display:inline;\">491 </div><div class=\"t s9_196\" id=\"t6c_196\" style=\"left:384px;bottom:354px;letter-spacing:-0.49px;display:inline;\">692 </div><div class=\"t s9_196\" id=\"t6d_196\" style=\"left:470px;bottom:354px;letter-spacing:-0.09px;display:inline;\">463 </div><div class=\"t s9_196\" id=\"t6e_196\" style=\"left:565px;bottom:354px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t6f_196\" style=\"left:651px;bottom:354px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s9_196\" id=\"t6g_196\" style=\"left:719px;bottom:354px;letter-spacing:-0.1px;display:inline;\">1,590 </div><div class=\"t s9_196\" id=\"t6h_196\" style=\"left:806px;bottom:354px;letter-spacing:-0.12px;display:inline;\">3,352 </div>\n<div class=\"t se_196\" id=\"t6i_196\" style=\"left:43px;bottom:330px;display:inline;\">1 </div><div class=\"t se_196\" id=\"t6j_196\" style=\"left:56px;bottom:330px;letter-spacing:0.08px;word-spacing:-0.1px;display:inline;\">The lease liabilities presented above of $210m (2021: $210m) are on an undiscounted basis. The lease liabilities on a discounted basis, as outlined above, are $196m (2021:\u00a0$197m). </div>\n<div class=\"t sf_196\" id=\"t6k_196\" style=\"left:43px;bottom:11px;letter-spacing:-0.82px;display:inline;\">194 </div><div class=\"t sg_196\" id=\"t6l_196\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_196\" id=\"t6m_196\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_197\" id=\"t1_197\" style=\"left:65px;bottom:957px;letter-spacing:-0.33px;display:inline;\">15.2 </div><div class=\"t s2_197\" id=\"t2_197\" style=\"left:96px;bottom:957px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liquidity risk exposures </div>\n<div class=\"t s3_197\" id=\"t3_197\" style=\"left:65px;bottom:940px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Board has established a set of policies to manage funding and currency risks. The Group only uses derivative \ufb01nancial instruments </div>\n<div class=\"t s3_197\" id=\"t4_197\" style=\"left:65px;bottom:925px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to\u00a0manage the \ufb01nancial risks associated with underlying business activities and their \ufb01nancing. Liquidity risk is the risk that the Group </div>\n<div class=\"t s3_197\" id=\"t5_197\" style=\"left:65px;bottom:910px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">is not able to settle or meet its obligations on time or at a reasonable price. The Group\u2019s policy is to ensure that there is su\ufb03cient funding </div>\n<div class=\"t s3_197\" id=\"t6_197\" style=\"left:65px;bottom:894px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">and\u00a0facilities in place to meet foreseeable borrowing requirements. The Group manages and monitors liquidity risk through regular </div>\n<div class=\"t s3_197\" id=\"t7_197\" style=\"left:65px;bottom:879px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">reporting of current cash and borrowing balances and periodic preparation and review of short-and\u00a0medium-term cash forecasts, </div>\n<div class=\"t s3_197\" id=\"t8_197\" style=\"left:65px;bottom:864px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">having\u00a0regard to the maturities of investments and borrowing facilities. The Group has available committed facilities of $3.7bn </div>\n<div class=\"t s3_197\" id=\"t9_197\" style=\"left:65px;bottom:849px;letter-spacing:-0.06px;word-spacing:-0.05px;display:inline;\">(2021:\u00a0$4.1bn). During 2022, the Group issued its debut EUR Corporate Bond, in the form of \u20ac500m (before expenses and underwriting </div>\n<div class=\"t s3_197\" id=\"ta_197\" style=\"left:65px;bottom:833px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">discounts) of\u00a0notes bearing an interest rate of 4.565% repayable in 2029. In addition, the Group repaid its \u20ac269m, \u20ac223m and \u20ac265m </div>\n<div class=\"t s3_197\" id=\"tb_197\" style=\"left:65px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">EUR term loan facilities, as well as $125m of private placement debt. </div>\n<div class=\"t s3_197\" id=\"tc_197\" style=\"left:65px;bottom:794px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The interest payable on borrowings under committed facilities is either at\u00a0\ufb01xed\u00a0or \ufb02oating rates. Euro \ufb02oating rates are typically </div>\n<div class=\"t s3_197\" id=\"td_197\" style=\"left:65px;bottom:779px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">based\u00a0on\u00a0EURIBOR and US Dollar rates are typically based on the Secured Overnight Financing Rate (SOFR). The Company is subject </div>\n<div class=\"t s3_197\" id=\"te_197\" style=\"left:65px;bottom:763px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to \ufb01nancial covenants under its private placement agreements. The \ufb01nancial covenants are tested at the end of each half year for the </div>\n<div class=\"t s3_197\" id=\"tf_197\" style=\"left:65px;bottom:748px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">12 months ending on the last day of the testing period. As of 31 December 2022, the Company was in compliance with these covenants. </div>\n<div class=\"t s3_197\" id=\"tg_197\" style=\"left:65px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The facilities are also subject to\u00a0customary events of default, none of which are currently anticipated to occur. </div>\n<div class=\"t s3_197\" id=\"th_197\" style=\"left:65px;bottom:709px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">The Group\u2019s committed facilities at 31 December 2022 are: </div>\n<div class=\"t s4_197\" id=\"ti_197\" style=\"left:65px;bottom:687px;letter-spacing:-0.11px;display:inline;\">Facility </div><div class=\"t s4_197\" id=\"tj_197\" style=\"left:689px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tk_197\" style=\"left:691px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tl_197\" style=\"left:693px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tm_197\" style=\"left:696px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tn_197\" style=\"left:818px;bottom:687px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Date due </div>\n<div class=\"t s3_197\" id=\"to_197\" style=\"left:65px;bottom:667px;word-spacing:0.03px;display:inline;\">$105 million 3.26% Senior Notes </div><div class=\"t s3_197\" id=\"tp_197\" style=\"left:766px;bottom:667px;letter-spacing:0.03px;word-spacing:0.04px;display:inline;\">November 2023 </div>\n<div class=\"t s3_197\" id=\"tq_197\" style=\"left:65px;bottom:649px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">$100 million 3.89% Senior Notes </div><div class=\"t s3_197\" id=\"tr_197\" style=\"left:781px;bottom:649px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">January 2024 </div>\n<div class=\"t s3_197\" id=\"ts_197\" style=\"left:65px;bottom:630px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$305 million 3.36% Senior Notes </div><div class=\"t s3_197\" id=\"tt_197\" style=\"left:767px;bottom:630px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tu_197\" style=\"left:65px;bottom:612px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">$25 million Floating Rate Senior Notes </div><div class=\"t s3_197\" id=\"tv_197\" style=\"left:767px;bottom:612px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tw_197\" style=\"left:65px;bottom:593px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">$1.0 billion syndicated revolving credit facility </div><div class=\"t s3_197\" id=\"tx_197\" style=\"left:800px;bottom:593px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2025 </div>\n<div class=\"t s3_197\" id=\"ty_197\" style=\"left:65px;bottom:575px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">$75 million 3.99% Senior Notes </div><div class=\"t s3_197\" id=\"tz_197\" style=\"left:781px;bottom:575px;letter-spacing:0.04px;word-spacing:0.01px;display:inline;\">January 2026 </div>\n<div class=\"t s3_197\" id=\"t10_197\" style=\"left:65px;bottom:556px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">$140 million 2.83% Senior Notes </div><div class=\"t s3_197\" id=\"t11_197\" style=\"left:800px;bottom:556px;letter-spacing:-0.09px;word-spacing:0.15px;display:inline;\">June 2027 </div>\n<div class=\"t s3_197\" id=\"t12_197\" style=\"left:65px;bottom:538px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$60 million 2.90% Senior Notes </div><div class=\"t s3_197\" id=\"t13_197\" style=\"left:800px;bottom:538px;letter-spacing:-0.08px;word-spacing:0.14px;display:inline;\">June 2028 </div>\n<div class=\"t s3_197\" id=\"t14_197\" style=\"left:65px;bottom:520px;word-spacing:0.04px;display:inline;\">$100 million 2.97% Senior Notes </div><div class=\"t s3_197\" id=\"t15_197\" style=\"left:800px;bottom:520px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2029 </div>\n<div class=\"t s3_197\" id=\"t16_197\" style=\"left:65px;bottom:501px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">\u20ac500 million 4.565% EUR Corporate Bond </div><div class=\"t s3_197\" id=\"t17_197\" style=\"left:779px;bottom:501px;letter-spacing:0.03px;word-spacing:0.03px;display:inline;\">October 2029 </div>\n<div class=\"t s3_197\" id=\"t18_197\" style=\"left:65px;bottom:483px;letter-spacing:0.04px;display:inline;\">$95 million 2.99% Senior Notes </div><div class=\"t s3_197\" id=\"t19_197\" style=\"left:799px;bottom:483px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">June 2030 </div>\n<div class=\"t s3_197\" id=\"t1a_197\" style=\"left:65px;bottom:464px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">$1.0 billion 2.032% USD Corporate Bond </div><div class=\"t s3_197\" id=\"t1b_197\" style=\"left:779px;bottom:464px;letter-spacing:0.07px;word-spacing:-0.01px;display:inline;\">October 2030 </div>\n<div class=\"t s3_197\" id=\"t1c_197\" style=\"left:65px;bottom:446px;letter-spacing:0.03px;display:inline;\">$155 million 3.09% Senior Notes </div><div class=\"t s3_197\" id=\"t1d_197\" style=\"left:800px;bottom:446px;letter-spacing:-0.06px;word-spacing:0.12px;display:inline;\">June 2032 </div>\n<div class=\"t s5_197\" id=\"t1e_197\" style=\"left:830px;bottom:11px;letter-spacing:-0.9px;display:inline;\">195 </div><div class=\"t s6_197\" id=\"t1f_197\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_197\" id=\"t1g_197\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_197\" id=\"t1h_197\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_197\" id=\"t1i_197\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_197\" id=\"t1j_197\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_197\" id=\"t1k_197\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_198\" id=\"t1_198\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_198\" id=\"t2_198\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_198\" id=\"t3_198\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_198\" id=\"t4_198\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_198\" id=\"t5_198\" style=\"left:43px;bottom:956px;letter-spacing:-0.59px;display:inline;\">15 </div><div class=\"t s6_198\" id=\"t6_198\" style=\"left:66px;bottom:956px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">Cash and borrowings </div><div class=\"t s7_198\" id=\"t7_198\" style=\"left:211px;bottom:956px;letter-spacing:-0.05px;display:inline;\">continued </div>\n<div class=\"t s8_198\" id=\"t8_198\" style=\"left:43px;bottom:938px;letter-spacing:-0.28px;display:inline;\">15.3 </div><div class=\"t s9_198\" id=\"t9_198\" style=\"left:75px;bottom:938px;letter-spacing:-0.18px;word-spacing:-0.07px;display:inline;\">Year end \ufb01nancial liabilities by contractual maturity </div>\n<div class=\"t sa_198\" id=\"ta_198\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The table below analyses the Group\u2019s year end \ufb01nancial liabilities by contractual maturity date, including contractual interest payments </div>\n<div class=\"t sa_198\" id=\"tb_198\" style=\"left:43px;bottom:906px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and excluding the impact of netting arrangements: </div>\n<div class=\"t sb_198\" id=\"tc_198\" style=\"left:433px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"td_198\" style=\"left:435px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"te_198\" style=\"left:458px;bottom:892px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Within\u00a0one </div><div class=\"t sb_198\" id=\"tf_198\" style=\"left:549px;bottom:892px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sb_198\" id=\"tg_198\" style=\"left:631px;bottom:892px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sb_198\" id=\"th_198\" style=\"left:762px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"ti_198\" style=\"left:765px;bottom:892px;display:inline;\">\u00a0</div>\n<div class=\"t sb_198\" id=\"tj_198\" style=\"left:463px;bottom:880px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">year\u00a0or\u00a0on </div><div class=\"t sb_198\" id=\"tk_198\" style=\"left:555px;bottom:880px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">one\u00a0and </div><div class=\"t sb_198\" id=\"tl_198\" style=\"left:636px;bottom:880px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">two\u00a0and </div><div class=\"t sb_198\" id=\"tm_198\" style=\"left:732px;bottom:880px;letter-spacing:-0.17px;display:inline;\">A\ufb05er </div><div class=\"t sb_198\" id=\"tn_198\" style=\"left:844px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t sb_198\" id=\"to_198\" style=\"left:471px;bottom:868px;letter-spacing:-0.1px;display:inline;\">demand </div><div class=\"t sb_198\" id=\"tp_198\" style=\"left:545px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">two\u00a0years </div><div class=\"t sb_198\" id=\"tq_198\" style=\"left:628px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sb_198\" id=\"tr_198\" style=\"left:711px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sb_198\" id=\"ts_198\" style=\"left:815px;bottom:868px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sb_198\" id=\"tt_198\" style=\"left:433px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tu_198\" style=\"left:435px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tv_198\" style=\"left:438px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tw_198\" style=\"left:440px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tx_198\" style=\"left:469px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"ty_198\" style=\"left:515px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tz_198\" style=\"left:518px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t10_198\" style=\"left:520px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t11_198\" style=\"left:522px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t12_198\" style=\"left:551px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t13_198\" style=\"left:598px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t14_198\" style=\"left:600px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t15_198\" style=\"left:602px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t16_198\" style=\"left:605px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t17_198\" style=\"left:633px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t18_198\" style=\"left:680px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t19_198\" style=\"left:682px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1a_198\" style=\"left:685px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1b_198\" style=\"left:687px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1c_198\" style=\"left:716px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t1d_198\" style=\"left:762px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1e_198\" style=\"left:765px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1f_198\" style=\"left:767px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1g_198\" style=\"left:769px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1h_198\" style=\"left:798px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t1i_198\" style=\"left:844px;bottom:856px;display:inline;\">\u00a0</div>\n<div class=\"t sc_198\" id=\"t1j_198\" style=\"left:48px;bottom:836px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_198\" id=\"t1k_198\" style=\"left:433px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1l_198\" style=\"left:499px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1m_198\" style=\"left:502px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1n_198\" style=\"left:582px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1o_198\" style=\"left:585px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1p_198\" style=\"left:664px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1q_198\" style=\"left:667px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1r_198\" style=\"left:746px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1s_198\" style=\"left:749px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1t_198\" style=\"left:828px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1u_198\" style=\"left:831px;bottom:836px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t1v_198\" style=\"left:43px;bottom:818px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-derivative \ufb01nancial liabilities: </div><div class=\"t sa_198\" id=\"t1w_198\" style=\"left:433px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1x_198\" style=\"left:499px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1y_198\" style=\"left:502px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1z_198\" style=\"left:582px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t20_198\" style=\"left:585px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t21_198\" style=\"left:664px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t22_198\" style=\"left:667px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t23_198\" style=\"left:746px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t24_198\" style=\"left:749px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t25_198\" style=\"left:828px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t26_198\" style=\"left:831px;bottom:818px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t27_198\" style=\"left:56px;bottom:799px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s and loans </div><div class=\"t sa_198\" id=\"t28_198\" style=\"left:433px;bottom:799px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t29_198\" style=\"left:502px;bottom:799px;display:inline;\">6 </div><div class=\"t sd_198\" id=\"t2a_198\" style=\"left:585px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2b_198\" style=\"left:668px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2c_198\" style=\"left:750px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2d_198\" style=\"left:831px;bottom:799px;display:inline;\">6 </div>\n<div class=\"t sa_198\" id=\"t2e_198\" style=\"left:56px;bottom:781px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sa_198\" id=\"t2f_198\" style=\"left:433px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2g_198\" style=\"left:494px;bottom:781px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t sd_198\" id=\"t2h_198\" style=\"left:576px;bottom:781px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t sd_198\" id=\"t2i_198\" style=\"left:651px;bottom:781px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t sd_198\" id=\"t2j_198\" style=\"left:721px;bottom:781px;letter-spacing:-0.14px;display:inline;\">1,620 </div><div class=\"t sd_198\" id=\"t2k_198\" style=\"left:802px;bottom:781px;letter-spacing:0.09px;display:inline;\">1,805 </div>\n<div class=\"t sa_198\" id=\"t2l_198\" style=\"left:56px;bottom:762px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t sa_198\" id=\"t2m_198\" style=\"left:433px;bottom:762px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2n_198\" style=\"left:474px;bottom:762px;letter-spacing:-0.12px;display:inline;\">1,029 </div><div class=\"t sd_198\" id=\"t2o_198\" style=\"left:585px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2p_198\" style=\"left:667px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2q_198\" style=\"left:750px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2r_198\" style=\"left:803px;bottom:762px;letter-spacing:-0.12px;display:inline;\">1,029 </div>\n<div class=\"t sa_198\" id=\"t2s_198\" style=\"left:56px;bottom:744px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sa_198\" id=\"t2t_198\" style=\"left:433px;bottom:744px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2u_198\" style=\"left:486px;bottom:744px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sd_198\" id=\"t2v_198\" style=\"left:568px;bottom:744px;letter-spacing:-0.32px;display:inline;\">461 </div><div class=\"t sd_198\" id=\"t2w_198\" style=\"left:650px;bottom:744px;letter-spacing:-0.29px;display:inline;\">265 </div><div class=\"t sd_198\" id=\"t2x_198\" style=\"left:732px;bottom:744px;letter-spacing:0.1px;display:inline;\">444 </div><div class=\"t sd_198\" id=\"t2y_198\" style=\"left:803px;bottom:744px;letter-spacing:-0.07px;display:inline;\">1,313 </div>\n<div class=\"t sa_198\" id=\"t2z_198\" style=\"left:56px;bottom:725px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t sa_198\" id=\"t30_198\" style=\"left:433px;bottom:725px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t31_198\" style=\"left:494px;bottom:725px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t sd_198\" id=\"t32_198\" style=\"left:577px;bottom:725px;letter-spacing:-0.61px;display:inline;\">31 </div><div class=\"t sd_198\" id=\"t33_198\" style=\"left:658px;bottom:725px;letter-spacing:-0.28px;display:inline;\">39 </div><div class=\"t sd_198\" id=\"t34_198\" style=\"left:750px;bottom:725px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t35_198\" style=\"left:823px;bottom:725px;letter-spacing:-0.1px;display:inline;\">96 </div>\n<div class=\"t sa_198\" id=\"t36_198\" style=\"left:43px;bottom:707px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Derivative \ufb01nancial instruments: </div><div class=\"t sa_198\" id=\"t37_198\" style=\"left:433px;bottom:707px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t38_198\" style=\"left:56px;bottom:689px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 out\ufb02ow </div><div class=\"t sa_198\" id=\"t39_198\" style=\"left:433px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3a_198\" style=\"left:474px;bottom:689px;display:inline;\">2,598 </div><div class=\"t sd_198\" id=\"t3b_198\" style=\"left:585px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3c_198\" style=\"left:667px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3d_198\" style=\"left:750px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3e_198\" style=\"left:803px;bottom:689px;display:inline;\">2,598 </div>\n<div class=\"t sa_198\" id=\"t3f_198\" style=\"left:56px;bottom:670px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 in\ufb02ow </div><div class=\"t sa_198\" id=\"t3g_198\" style=\"left:433px;bottom:670px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3h_198\" style=\"left:469px;bottom:670px;letter-spacing:-0.17px;display:inline;\">(2,601) </div><div class=\"t sd_198\" id=\"t3i_198\" style=\"left:585px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3j_198\" style=\"left:667px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3k_198\" style=\"left:750px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3l_198\" style=\"left:799px;bottom:670px;letter-spacing:-0.17px;display:inline;\">(2,601) </div>\n<div class=\"t sa_198\" id=\"t3m_198\" style=\"left:433px;bottom:652px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3n_198\" style=\"left:474px;bottom:652px;letter-spacing:0.02px;display:inline;\">1,238 </div><div class=\"t sd_198\" id=\"t3o_198\" style=\"left:568px;bottom:652px;letter-spacing:-0.45px;display:inline;\">529 </div><div class=\"t sd_198\" id=\"t3p_198\" style=\"left:651px;bottom:652px;letter-spacing:-0.42px;display:inline;\">415 </div><div class=\"t sd_198\" id=\"t3q_198\" style=\"left:720px;bottom:652px;letter-spacing:0.07px;display:inline;\">2,064 </div><div class=\"t sd_198\" id=\"t3r_198\" style=\"left:803px;bottom:652px;letter-spacing:-0.03px;display:inline;\">4,246 </div>\n<div class=\"t sc_198\" id=\"t3s_198\" style=\"left:43px;bottom:633px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_198\" id=\"t3t_198\" style=\"left:433px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3u_198\" style=\"left:499px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3v_198\" style=\"left:502px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3w_198\" style=\"left:581px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3x_198\" style=\"left:584px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3y_198\" style=\"left:664px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3z_198\" style=\"left:667px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t40_198\" style=\"left:746px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t41_198\" style=\"left:749px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t42_198\" style=\"left:828px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t43_198\" style=\"left:831px;bottom:633px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t44_198\" style=\"left:43px;bottom:615px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-derivative \ufb01nancial liabilities: </div><div class=\"t sa_198\" id=\"t45_198\" style=\"left:433px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t46_198\" style=\"left:499px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t47_198\" style=\"left:502px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t48_198\" style=\"left:581px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t49_198\" style=\"left:584px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4a_198\" style=\"left:664px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4b_198\" style=\"left:667px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4c_198\" style=\"left:746px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4d_198\" style=\"left:749px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4e_198\" style=\"left:828px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4f_198\" style=\"left:831px;bottom:615px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t4g_198\" style=\"left:56px;bottom:596px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s and loans </div><div class=\"t sa_198\" id=\"t4h_198\" style=\"left:433px;bottom:596px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4i_198\" style=\"left:488px;bottom:596px;letter-spacing:-0.61px;display:inline;\">310 </div><div class=\"t sa_198\" id=\"t4j_198\" style=\"left:570px;bottom:596px;letter-spacing:-0.24px;display:inline;\">554 </div><div class=\"t sa_198\" id=\"t4k_198\" style=\"left:667px;bottom:596px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4l_198\" style=\"left:749px;bottom:596px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4m_198\" style=\"left:816px;bottom:596px;display:inline;\">864 </div>\n<div class=\"t sa_198\" id=\"t4n_198\" style=\"left:56px;bottom:578px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sa_198\" id=\"t4o_198\" style=\"left:495px;bottom:578px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t sa_198\" id=\"t4p_198\" style=\"left:577px;bottom:578px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t sa_198\" id=\"t4q_198\" style=\"left:660px;bottom:578px;letter-spacing:-0.74px;display:inline;\">61 </div><div class=\"t sa_198\" id=\"t4r_198\" style=\"left:724px;bottom:578px;letter-spacing:-0.22px;display:inline;\">1,077 </div><div class=\"t sa_198\" id=\"t4s_198\" style=\"left:807px;bottom:578px;letter-spacing:-0.49px;display:inline;\">1,178 </div>\n<div class=\"t sa_198\" id=\"t4t_198\" style=\"left:56px;bottom:560px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t sa_198\" id=\"t4u_198\" style=\"left:433px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4v_198\" style=\"left:477px;bottom:560px;letter-spacing:-0.12px;display:inline;\">1,043 </div><div class=\"t sa_198\" id=\"t4w_198\" style=\"left:585px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4x_198\" style=\"left:667px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4y_198\" style=\"left:749px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4z_198\" style=\"left:806px;bottom:560px;letter-spacing:-0.12px;display:inline;\">1,043 </div>\n<div class=\"t sa_198\" id=\"t50_198\" style=\"left:56px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sa_198\" id=\"t51_198\" style=\"left:433px;bottom:541px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t52_198\" style=\"left:488px;bottom:541px;letter-spacing:-0.5px;display:inline;\">165 </div><div class=\"t sa_198\" id=\"t53_198\" style=\"left:571px;bottom:541px;letter-spacing:-0.69px;display:inline;\">142 </div><div class=\"t sa_198\" id=\"t54_198\" style=\"left:653px;bottom:541px;letter-spacing:-0.92px;display:inline;\">574 </div><div class=\"t sa_198\" id=\"t55_198\" style=\"left:734px;bottom:541px;letter-spacing:-0.31px;display:inline;\">599 </div><div class=\"t sa_198\" id=\"t56_198\" style=\"left:806px;bottom:541px;display:inline;\">1,480 </div>\n<div class=\"t sa_198\" id=\"t57_198\" style=\"left:56px;bottom:523px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t sa_198\" id=\"t58_198\" style=\"left:433px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t59_198\" style=\"left:495px;bottom:523px;letter-spacing:-0.23px;display:inline;\">35 </div><div class=\"t sa_198\" id=\"t5a_198\" style=\"left:578px;bottom:523px;letter-spacing:-0.45px;display:inline;\">19 </div><div class=\"t sa_198\" id=\"t5b_198\" style=\"left:660px;bottom:523px;letter-spacing:-0.66px;display:inline;\">42 </div><div class=\"t sa_198\" id=\"t5c_198\" style=\"left:749px;bottom:523px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5d_198\" style=\"left:824px;bottom:523px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t sa_198\" id=\"t5e_198\" style=\"left:43px;bottom:504px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Derivative \ufb01nancial instruments: </div><div class=\"t sa_198\" id=\"t5f_198\" style=\"left:433px;bottom:504px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t5g_198\" style=\"left:56px;bottom:486px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 out\ufb02ow </div><div class=\"t sa_198\" id=\"t5h_198\" style=\"left:433px;bottom:486px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5i_198\" style=\"left:477px;bottom:486px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t sa_198\" id=\"t5j_198\" style=\"left:585px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5k_198\" style=\"left:667px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5l_198\" style=\"left:749px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5m_198\" style=\"left:806px;bottom:486px;letter-spacing:-0.22px;display:inline;\">2,322 </div>\n<div class=\"t sa_198\" id=\"t5n_198\" style=\"left:56px;bottom:467px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 in\ufb02ow </div><div class=\"t sa_198\" id=\"t5o_198\" style=\"left:433px;bottom:467px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5p_198\" style=\"left:473px;bottom:467px;letter-spacing:-0.12px;display:inline;\">(2,342) </div><div class=\"t sa_198\" id=\"t5q_198\" style=\"left:585px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5r_198\" style=\"left:667px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5s_198\" style=\"left:749px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5t_198\" style=\"left:802px;bottom:467px;letter-spacing:-0.12px;display:inline;\">(2,342) </div>\n<div class=\"t sa_198\" id=\"t5u_198\" style=\"left:433px;bottom:449px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5v_198\" style=\"left:477px;bottom:449px;letter-spacing:-0.15px;display:inline;\">1,553 </div><div class=\"t sa_198\" id=\"t5w_198\" style=\"left:570px;bottom:449px;letter-spacing:-0.23px;display:inline;\">735 </div><div class=\"t sa_198\" id=\"t5x_198\" style=\"left:652px;bottom:449px;letter-spacing:-0.23px;display:inline;\">677 </div><div class=\"t sa_198\" id=\"t5y_198\" style=\"left:724px;bottom:449px;letter-spacing:-0.33px;display:inline;\">1,676 </div><div class=\"t sa_198\" id=\"t5z_198\" style=\"left:806px;bottom:449px;letter-spacing:-0.22px;display:inline;\">4,641 </div>\n<div class=\"t sa_198\" id=\"t60_198\" style=\"left:43px;bottom:420px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts in the tables above are undiscounted cash \ufb02ows, which di\ufb00er from the amounts included in the balance sheet where the </div>\n<div class=\"t sa_198\" id=\"t61_198\" style=\"left:43px;bottom:405px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">underlying cash \ufb02ows have been discounted. </div>\n<div class=\"t s8_198\" id=\"t62_198\" style=\"left:43px;bottom:380px;letter-spacing:-0.38px;display:inline;\">15.4 </div><div class=\"t s9_198\" id=\"t63_198\" style=\"left:74px;bottom:380px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Liquidity and capital resources </div>\n<div class=\"t sa_198\" id=\"t64_198\" style=\"left:43px;bottom:363px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group\u2019s policy is to ensure that it has su\ufb03cient funding and facilities to meet foreseeable borrowing requirements. </div>\n<div class=\"t sa_198\" id=\"t65_198\" style=\"left:43px;bottom:339px;letter-spacing:-0.13px;word-spacing:0.03px;display:inline;\">At 31 December 2022, the Group held $344m (2021: $1,285m, 2020: $1,751m) in cash net of bank overdra\ufb05s. The Group had committed </div>\n<div class=\"t sa_198\" id=\"t66_198\" style=\"left:43px;bottom:324px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">facilities available of $3.7bn at 31 December 2022 of which $2.7bn was drawn. </div>\n<div class=\"t sa_198\" id=\"t67_198\" style=\"left:43px;bottom:300px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The principal variations in the Group\u2019s borrowing requirements result from the timing of dividend payments, acquisitions and disposals </div>\n<div class=\"t sa_198\" id=\"t68_198\" style=\"left:43px;bottom:284px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of businesses, timing of capital expenditure and working capital \ufb02uctuations. Smith+Nephew believes that its capital expenditure needs </div>\n<div class=\"t sa_198\" id=\"t69_198\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">and its working capital funding for 2023, as well as its other known or expected commitments or liabilities, can be met from its existing </div>\n<div class=\"t sa_198\" id=\"t6a_198\" style=\"left:43px;bottom:254px;letter-spacing:-0.01px;word-spacing:-0.04px;display:inline;\">resources and facilities. The Group\u2019s net debt including leases increased from $2bn at the beginning of 2022 to $2.5bn at the end of\u00a02022, </div>\n<div class=\"t sa_198\" id=\"t6b_198\" style=\"left:43px;bottom:239px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">representing an overall increase of $0.5bn. </div>\n<div class=\"t se_198\" id=\"t6c_198\" style=\"left:43px;bottom:11px;letter-spacing:-0.77px;display:inline;\">196 </div><div class=\"t sf_198\" id=\"t6d_198\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_198\" id=\"t6e_198\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_199\" id=\"t1_199\" style=\"left:65px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s2_199\" id=\"t2_199\" style=\"left:87px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div>\n<div class=\"t s3_199\" id=\"t3_199\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_199\" id=\"t4_199\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Derivative \ufb01nancial instruments </div>\n<div class=\"t s5_199\" id=\"t5_199\" style=\"left:74px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Derivative \ufb01nancial instruments are initially recognised at fair value on the date a derivative contract is entered into and are </div>\n<div class=\"t s5_199\" id=\"t6_199\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">subsequently remeasured at their fair value at subsequent balance sheet dates. Changes in the fair value of derivative \ufb01nancial </div>\n<div class=\"t s5_199\" id=\"t7_199\" style=\"left:74px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">instruments that are designated and e\ufb00ective as cash \ufb02ow hedges of forecast third-party transactions are recognised in other </div>\n<div class=\"t s5_199\" id=\"t8_199\" style=\"left:74px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">comprehensive income until the associated asset or liability is recognised. Amounts taken to other comprehensive income are </div>\n<div class=\"t s5_199\" id=\"t9_199\" style=\"left:74px;bottom:832px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">transferred to the income statement in the period in which the hedged transaction a\ufb00ects pro\ufb01t and loss. Where the hedged item </div>\n<div class=\"t s5_199\" id=\"ta_199\" style=\"left:74px;bottom:817px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">is\u00a0the cost of a non-\ufb01nancial asset, the amounts taken to other comprehensive income are transferred to the initial carrying value </div>\n<div class=\"t s5_199\" id=\"tb_199\" style=\"left:74px;bottom:802px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">of\u00a0the asset. </div>\n<div class=\"t s5_199\" id=\"tc_199\" style=\"left:74px;bottom:778px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 9 on 1 January 2018, the Group elected to continue to apply the hedge accounting guidance in IAS 39 </div><div class=\"t s6_199\" id=\"td_199\" style=\"left:790px;bottom:778px;letter-spacing:0.09px;display:inline;\">Financial </div>\n<div class=\"t s6_199\" id=\"te_199\" style=\"left:74px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Instruments: Recognition and Measurement</div><div class=\"t s5_199\" id=\"tf_199\" style=\"left:320px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">. Changes in the fair values of hedging instruments that are designated and e\ufb00ective as </div>\n<div class=\"t s5_199\" id=\"tg_199\" style=\"left:74px;bottom:747px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">net investment hedges are matched in other comprehensive income against changes in value of the related net assets. Interest rate </div>\n<div class=\"t s5_199\" id=\"th_199\" style=\"left:74px;bottom:732px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to \ufb01x interest rates on \ufb02oating rate borrowings are accounted for as cash \ufb02ow hedges and changes in the </div>\n<div class=\"t s5_199\" id=\"ti_199\" style=\"left:74px;bottom:717px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">fair values resulting from changes in market interest rates are recognised in other comprehensive income. Amounts taken to other </div>\n<div class=\"t s5_199\" id=\"tj_199\" style=\"left:74px;bottom:701px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">comprehensive income are transferred to the income statement when the hedged transaction a\ufb00ects pro\ufb01t and loss. Interest rate </div>\n<div class=\"t s5_199\" id=\"tk_199\" style=\"left:74px;bottom:686px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to convert \ufb01xed rate borrowings into \ufb02oating rate borrowings are accounted for as fair value hedges and </div>\n<div class=\"t s5_199\" id=\"tl_199\" style=\"left:74px;bottom:671px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">changes in the fair values resulting from changes in market interest rates are recognised in the income statement. Any ine\ufb00ectiveness </div>\n<div class=\"t s5_199\" id=\"tm_199\" style=\"left:74px;bottom:656px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on hedging instruments and changes in the fair value of derivative \ufb01nancial instruments that do not qualify for hedge accounting </div>\n<div class=\"t s5_199\" id=\"tn_199\" style=\"left:74px;bottom:640px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are\u00a0recognised in the income statement within other\u00a0\ufb01nance costs as they arise. </div>\n<div class=\"t s5_199\" id=\"to_199\" style=\"left:74px;bottom:616px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for </div>\n<div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>\n<div class=\"t s5_199\" id=\"tr_199\" style=\"left:74px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">cumulative gain or loss recognised in other comprehensive income is transferred to the income statement. </div>\n<div class=\"t s7_199\" id=\"ts_199\" style=\"left:65px;bottom:532px;letter-spacing:-0.52px;display:inline;\">16.1 </div><div class=\"t s8_199\" id=\"tt_199\" style=\"left:96px;bottom:532px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Foreign exchange risk management </div>\n<div class=\"t s9_199\" id=\"tu_199\" style=\"left:65px;bottom:515px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group operates in many countries and as a consequence has transactional and translational foreign exchange exposure. It is the </div>\n<div class=\"t s9_199\" id=\"tv_199\" style=\"left:65px;bottom:500px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Group\u2019s\u00a0policy for operating units not to hold material unhedged monetary assets or liabilities other than in their functional currencies. </div>\n<div class=\"t s9_199\" id=\"tw_199\" style=\"left:65px;bottom:476px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Foreign exchange variations a\ufb00ect trading results in two ways. Firstly, on translation of overseas sales and pro\ufb01ts into US Dollars </div>\n<div class=\"t s9_199\" id=\"tx_199\" style=\"left:65px;bottom:460px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and\u00a0secondly, transactional exposures arising where some, or all of the costs of sale are incurred in a di\ufb00erent currency from the sale. </div>\n<div class=\"t s9_199\" id=\"ty_199\" style=\"left:65px;bottom:445px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The principal transactional exposures arise as the proportion of costs in US Dollars, Sterling and Swiss Francs exceed the proportion </div>\n<div class=\"t s9_199\" id=\"tz_199\" style=\"left:65px;bottom:430px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0sales in each of these currencies and correspondingly the proportion of sales in Euros exceeds the proportion of costs in Euros. </div>\n<div class=\"t s9_199\" id=\"t10_199\" style=\"left:65px;bottom:406px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The impact of currency movements on the cost of purchases is partly mitigated by the use of forward foreign exchange contracts. </div>\n<div class=\"t s9_199\" id=\"t11_199\" style=\"left:65px;bottom:391px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The Group uses forward foreign exchange contracts, designated as cash \ufb02ow hedges, to hedge forecast third-party trading cash \ufb02ows </div>\n<div class=\"t s9_199\" id=\"t12_199\" style=\"left:65px;bottom:375px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">up\u00a0to one year. When a commitment is entered into, forward foreign exchange contracts are normally used to increase the hedge </div>\n<div class=\"t s9_199\" id=\"t13_199\" style=\"left:65px;bottom:360px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to 100% of the exposure. Cash \ufb02ows relating to cash \ufb02ow hedges are expected to occur within 12 months of inception and pro\ufb01ts </div>\n<div class=\"t s9_199\" id=\"t14_199\" style=\"left:65px;bottom:345px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and losses on hedges are expected to enter into the determination of pro\ufb01t (within cost of goods sold) within a further 12-month </div>\n<div class=\"t s9_199\" id=\"t15_199\" style=\"left:65px;bottom:330px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">period. The principal currencies hedged by forward foreign exchange contracts are US Dollars, Euros, Sterling and Singapore Dollars. </div>\n<div class=\"t s9_199\" id=\"t16_199\" style=\"left:65px;bottom:314px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">At 31 December 2022, the Group had contracted to exchange within one year the equivalent of $2.2bn (2021: $2.0bn). Based on </div>\n<div class=\"t s9_199\" id=\"t17_199\" style=\"left:65px;bottom:299px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">the Group\u2019s net borrowings as at 31 December 2022, if the US Dollar were to weaken against all currencies by 10%, the Group\u2019s </div>\n<div class=\"t s9_199\" id=\"t18_199\" style=\"left:65px;bottom:284px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">net\u00a0borrowings would increase by\u00a0$41m (2021: $75m) principally due to the Euro-denominated term loans. </div>\n<div class=\"t sa_199\" id=\"t19_199\" style=\"left:830px;bottom:11px;letter-spacing:-1.27px;display:inline;\">197 </div><div class=\"t sb_199\" id=\"t1a_199\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_199\" id=\"t1b_199\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sd_199\" id=\"t1c_199\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sd_199\" id=\"t1d_199\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t se_199\" id=\"t1e_199\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sd_199\" id=\"t1f_199\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_200\" id=\"t1_200\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_200\" id=\"t2_200\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_200\" id=\"t3_200\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_200\" id=\"t4_200\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_200\" id=\"t5_200\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_200\" id=\"t6_200\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_200\" id=\"t7_200\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_200\" id=\"t8_200\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the US Dollar were to weaken by 10% against all other currencies, then the fair value of the forward foreign exchange contracts </div>\n<div class=\"t s8_200\" id=\"t9_200\" style=\"left:43px;bottom:924px;letter-spacing:0.04px;display:inline;\">as at 31 December 2022 would have been $50m lower (2021: $44m lower). Similarly, if the Euro were to weaken by 10% against all </div>\n<div class=\"t s8_200\" id=\"ta_200\" style=\"left:43px;bottom:909px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">other currencies, then the fair value of the forward foreign exchange contracts as at 31 December 2022 would have been $35m higher </div>\n<div class=\"t s8_200\" id=\"tb_200\" style=\"left:43px;bottom:893px;letter-spacing:0.03px;word-spacing:-0.06px;display:inline;\">(2021:\u00a0$26m higher). Movements in the fair value of forward foreign exchange contracts would be recognised in other comprehensive </div>\n<div class=\"t s8_200\" id=\"tc_200\" style=\"left:43px;bottom:878px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">income or in the income statement. </div>\n<div class=\"t s8_200\" id=\"td_200\" style=\"left:43px;bottom:854px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">A 10% strengthening of the US Dollar or Euro against all other currencies at 31 December 2022 would have had the equal but opposite </div>\n<div class=\"t s8_200\" id=\"te_200\" style=\"left:43px;bottom:839px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">e\ufb00ect to the amounts shown above, on the basis that all other variables remain constant. </div>\n<div class=\"t s8_200\" id=\"tf_200\" style=\"left:43px;bottom:815px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">The Group\u2019s policy is to hedge all actual foreign exchange exposures and the Group\u2019s forward foreign exchange contracts are designated </div>\n<div class=\"t s8_200\" id=\"tg_200\" style=\"left:43px;bottom:800px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">as cash \ufb02ow hedges. The net impact of transaction-related foreign exchange on the income statement from a movement in exchange </div>\n<div class=\"t s8_200\" id=\"th_200\" style=\"left:43px;bottom:784px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">rates on the value of forward foreign exchange contracts is not signi\ufb01cant. In addition, the movements in the fair value of other \ufb01nancial </div>\n<div class=\"t s8_200\" id=\"ti_200\" style=\"left:43px;bottom:769px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">instruments used for hedging such as currency swaps for which hedge accounting is not applied o\ufb00set movements in the values of </div>\n<div class=\"t s8_200\" id=\"tj_200\" style=\"left:43px;bottom:754px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">assets and liabilities and are recognised through the income statement. Hedge ine\ufb00ectiveness is caused by actual cash \ufb02ows in foreign </div>\n<div class=\"t s8_200\" id=\"tk_200\" style=\"left:43px;bottom:738px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">currencies varying from forecast cash \ufb02ows. </div>\n<div class=\"t s9_200\" id=\"tl_200\" style=\"left:43px;bottom:714px;letter-spacing:-0.41px;display:inline;\">16.2 </div><div class=\"t sa_200\" id=\"tm_200\" style=\"left:74px;bottom:714px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Interest rate risk management </div>\n<div class=\"t s8_200\" id=\"tn_200\" style=\"left:43px;bottom:696px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">The Group is exposed to interest rate risk on cash, borrowings and certain currency and interest rate swaps which are at \ufb02oating rates. </div>\n<div class=\"t s8_200\" id=\"to_200\" style=\"left:43px;bottom:681px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">When required the Group uses interest rate derivatives to meet its objective of protecting borrowing costs within parameters set </div>\n<div class=\"t s8_200\" id=\"tp_200\" style=\"left:43px;bottom:666px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by the\u00a0Board. These interest rate derivatives are accounted for as cash \ufb02ow hedges and, as such, changes in fair value resulting from </div>\n<div class=\"t s8_200\" id=\"tq_200\" style=\"left:43px;bottom:651px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">changes in market interest rates are recognised in other comprehensive income and accumulated in the hedging reserve, with the </div>\n<div class=\"t s8_200\" id=\"tr_200\" style=\"left:43px;bottom:635px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">fair\u00a0value of the interest rate derivatives recorded in the balance sheet. Additionally, the Group uses interest rate swaps to reduce the </div>\n<div class=\"t s8_200\" id=\"ts_200\" style=\"left:43px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">overall level of \ufb01xed rate debt, within parameters set by the Board. When used in this way, interest rate derivatives are accounted </div>\n<div class=\"t s8_200\" id=\"tt_200\" style=\"left:43px;bottom:605px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">for\u00a0as\u00a0fair value hedges. The fair value movement of the derivative is o\ufb00set in the income statement against the fair value movement </div>\n<div class=\"t s8_200\" id=\"tu_200\" style=\"left:43px;bottom:589px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in\u00a0the\u00a0underlying \ufb01xed rate debt. </div>\n<div class=\"t s8_200\" id=\"tv_200\" style=\"left:43px;bottom:566px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">In 2022, the Group entered into a new \u20ac500m \ufb01xed to \ufb02oating interest rate swap. </div>\n<div class=\"t s8_200\" id=\"tw_200\" style=\"left:43px;bottom:542px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Based on the Group\u2019s gross borrowings and cash as at 31 December 2022, if interest rates were to increase by 100 basis points in all </div>\n<div class=\"t s8_200\" id=\"tx_200\" style=\"left:43px;bottom:526px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">currencies, then the annual net interest charge would increase by $4m (2021: $3m). A decrease in interest rates by 100 basis points </div>\n<div class=\"t s8_200\" id=\"ty_200\" style=\"left:43px;bottom:511px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0all\u00a0currencies would have an equal but opposite e\ufb00ect to the amounts shown above. </div>\n<div class=\"t s9_200\" id=\"tz_200\" style=\"left:43px;bottom:486px;letter-spacing:-0.37px;display:inline;\">16.3 </div><div class=\"t sa_200\" id=\"t10_200\" style=\"left:74px;bottom:486px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Credit risk management </div>\n<div class=\"t s8_200\" id=\"t11_200\" style=\"left:43px;bottom:469px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group limits exposure to credit risk on counterparties used for \ufb01nancial instruments through a system of internal credit limits. </div>\n<div class=\"t s8_200\" id=\"t12_200\" style=\"left:43px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The \ufb01nancial exposure of a counterparty is determined as the total of cash and deposits, plus the risk on derivative instruments, </div>\n<div class=\"t s8_200\" id=\"t13_200\" style=\"left:43px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">assessed as the fair value of the instrument plus a risk element based on the nominal value and the historic volatility of the market </div>\n<div class=\"t s8_200\" id=\"t14_200\" style=\"left:43px;bottom:423px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value of the instrument. The Group does not anticipate non-performance of counterparties and believes it is not subject to material </div>\n<div class=\"t s8_200\" id=\"t15_200\" style=\"left:43px;bottom:408px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">concentration of credit risk as the Group operates within a policy of counterparty limits designed to reduce exposure to any </div>\n<div class=\"t s8_200\" id=\"t16_200\" style=\"left:43px;bottom:393px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">single counterparty. </div>\n<div class=\"t s8_200\" id=\"t17_200\" style=\"left:43px;bottom:369px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The maximum credit risk exposure on derivatives at 31 December 2022 was $47m (2021: $39m), being the total debit fair values </div>\n<div class=\"t s8_200\" id=\"t18_200\" style=\"left:43px;bottom:353px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">on\u00a0forward foreign exchange contracts and currency swaps. The maximum credit risk exposure on cash at bank at 31 December 2022 </div>\n<div class=\"t s8_200\" id=\"t19_200\" style=\"left:43px;bottom:338px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">was\u00a0$350m (2021: $1,290m). The\u00a0Group\u2019s exposure to credit risk on cash is mitigated as the amounts are held in a wide number </div>\n<div class=\"t s8_200\" id=\"t1a_200\" style=\"left:43px;bottom:323px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of\u00a0high\u00a0credit quality \ufb01nancial institutions. Credit risk on trade receivables is detailed in Note 13. </div>\n<div class=\"t sb_200\" id=\"t1b_200\" style=\"left:43px;bottom:11px;letter-spacing:-0.77px;display:inline;\">198 </div><div class=\"t sc_200\" id=\"t1c_200\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_200\" id=\"t1d_200\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_201\" id=\"t1_201\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts relating to items designated as hedging instruments were as follows: </div>\n<div class=\"t s2_201\" id=\"t2_201\" style=\"left:334px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:403px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t4_201\" style=\"left:466px;bottom:936px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Changes in </div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:583px;bottom:936px;letter-spacing:-0.11px;display:inline;\">Hedge </div><div class=\"t s2_201\" id=\"t6_201\" style=\"left:632px;bottom:936px;letter-spacing:-0.07px;word-spacing:-0.19px;display:inline;\">Amounts reclassi\ufb01ed </div>\n<div class=\"t s2_201\" id=\"t7_201\" style=\"left:271px;bottom:924px;letter-spacing:-0.09px;display:inline;\">Nominal </div><div class=\"t s2_201\" id=\"t8_201\" style=\"left:339px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"t9_201\" style=\"left:408px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"ta_201\" style=\"left:474px;bottom:924px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">fair value </div><div class=\"t s2_201\" id=\"tb_201\" style=\"left:539px;bottom:924px;letter-spacing:-0.08px;display:inline;\">ine\ufb00ectiveness </div><div class=\"t s2_201\" id=\"tc_201\" style=\"left:632px;bottom:924px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">from hedging reserve </div>\n<div class=\"t s2_201\" id=\"td_201\" style=\"left:274px;bottom:911px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"te_201\" style=\"left:345px;bottom:911px;letter-spacing:-0.05px;display:inline;\">assets </div><div class=\"t s2_201\" id=\"tf_201\" style=\"left:401px;bottom:911px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"tg_201\" style=\"left:490px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">in OCI </div><div class=\"t s2_201\" id=\"th_201\" style=\"left:542px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">in pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"ti_201\" style=\"left:662px;bottom:911px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">to pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"tj_201\" style=\"left:806px;bottom:911px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">Line item in </div>\n<div class=\"t s2_201\" id=\"tk_201\" style=\"left:251px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tl_201\" style=\"left:253px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tm_201\" style=\"left:256px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tn_201\" style=\"left:270px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"to_201\" style=\"left:316px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tp_201\" style=\"left:318px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tq_201\" style=\"left:321px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tr_201\" style=\"left:335px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"ts_201\" style=\"left:381px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tt_201\" style=\"left:383px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tu_201\" style=\"left:386px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tv_201\" style=\"left:404px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"tw_201\" style=\"left:450px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tx_201\" style=\"left:453px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"ty_201\" style=\"left:455px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tz_201\" style=\"left:478px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t10_201\" style=\"left:524px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t11_201\" style=\"left:526px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t12_201\" style=\"left:529px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t13_201\" style=\"left:573px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t14_201\" style=\"left:619px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t15_201\" style=\"left:622px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t16_201\" style=\"left:624px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t17_201\" style=\"left:694px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t18_201\" style=\"left:741px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t19_201\" style=\"left:743px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1a_201\" style=\"left:745px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1b_201\" style=\"left:800px;bottom:899px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">pro\ufb01t or loss </div>\n<div class=\"t s3_201\" id=\"t1c_201\" style=\"left:69px;bottom:880px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s1_201\" id=\"t1d_201\" style=\"left:300px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1e_201\" style=\"left:303px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1f_201\" style=\"left:365px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1g_201\" style=\"left:368px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1h_201\" style=\"left:434px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1i_201\" style=\"left:437px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1j_201\" style=\"left:508px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1k_201\" style=\"left:511px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1l_201\" style=\"left:603px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1m_201\" style=\"left:606px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1n_201\" style=\"left:724px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1o_201\" style=\"left:727px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1p_201\" style=\"left:850px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1q_201\" style=\"left:853px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t1r_201\" style=\"left:65px;bottom:861px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency risk </div>\n<div class=\"t s1_201\" id=\"t1s_201\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t1t_201\" style=\"left:234px;bottom:850px;display:inline;\">1 </div>\n<div class=\"t s5_201\" id=\"t1u_201\" style=\"left:275px;bottom:843px;display:inline;\">2,598 </div><div class=\"t s5_201\" id=\"t1v_201\" style=\"left:360px;bottom:843px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s5_201\" id=\"t1w_201\" style=\"left:425px;bottom:843px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t s5_201\" id=\"t1x_201\" style=\"left:498px;bottom:843px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t1y_201\" style=\"left:607px;bottom:843px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t1z_201\" style=\"left:714px;bottom:843px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t s5_201\" id=\"t20_201\" style=\"left:755px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t21_201\" style=\"left:65px;bottom:824px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t22_201\" style=\"left:65px;bottom:806px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t23_201\" style=\"left:178px;bottom:813px;display:inline;\">2 </div>\n<div class=\"t s5_201\" id=\"t24_201\" style=\"left:281px;bottom:806px;letter-spacing:-0.03px;display:inline;\">(500) </div><div class=\"t s5_201\" id=\"t25_201\" style=\"left:369px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t26_201\" style=\"left:424px;bottom:806px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t27_201\" style=\"left:512px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t28_201\" style=\"left:607px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t29_201\" style=\"left:728px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t2a_201\" style=\"left:763px;bottom:806px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Fair value hedge </div>\n<div class=\"t s3_201\" id=\"t2b_201\" style=\"left:65px;bottom:787px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t2c_201\" style=\"left:850px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2d_201\" style=\"left:853px;bottom:787px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2e_201\" style=\"left:65px;bottom:769px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Foreign currency risk </div><div class=\"t s1_201\" id=\"t2f_201\" style=\"left:300px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2g_201\" style=\"left:303px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2h_201\" style=\"left:365px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2i_201\" style=\"left:368px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2j_201\" style=\"left:434px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2k_201\" style=\"left:437px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2l_201\" style=\"left:508px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2m_201\" style=\"left:511px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2n_201\" style=\"left:603px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2o_201\" style=\"left:606px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2p_201\" style=\"left:724px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2q_201\" style=\"left:727px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2r_201\" style=\"left:850px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2s_201\" style=\"left:853px;bottom:769px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2t_201\" style=\"left:65px;bottom:751px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t2u_201\" style=\"left:234px;bottom:758px;display:inline;\">1 </div>\n<div class=\"t s1_201\" id=\"t2v_201\" style=\"left:278px;bottom:751px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t s1_201\" id=\"t2w_201\" style=\"left:361px;bottom:751px;letter-spacing:-0.23px;display:inline;\">39 </div><div class=\"t s1_201\" id=\"t2x_201\" style=\"left:427px;bottom:751px;letter-spacing:-0.31px;display:inline;\">(19) </div><div class=\"t s1_201\" id=\"t2y_201\" style=\"left:505px;bottom:751px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s1_201\" id=\"t2z_201\" style=\"left:606px;bottom:751px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t30_201\" style=\"left:728px;bottom:751px;display:inline;\">7 </div><div class=\"t s1_201\" id=\"t31_201\" style=\"left:758px;bottom:751px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t32_201\" style=\"left:65px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t33_201\" style=\"left:65px;bottom:714px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t34_201\" style=\"left:178px;bottom:721px;display:inline;\">2 </div>\n<div class=\"t s1_201\" id=\"t35_201\" style=\"left:303px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t36_201\" style=\"left:368px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t37_201\" style=\"left:438px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t38_201\" style=\"left:511px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t39_201\" style=\"left:606px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3a_201\" style=\"left:728px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3b_201\" style=\"left:838px;bottom:714px;letter-spacing:-0.39px;display:inline;\">N/A </div>\n<div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:690px;display:inline;\">1 </div><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:78px;bottom:690px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">Presented in Trade and other receivables and Trade and other payables on the Balance Sheet. </div>\n<div class=\"t s6_201\" id=\"t3e_201\" style=\"left:65px;bottom:678px;display:inline;\">2 </div><div class=\"t s6_201\" id=\"t3f_201\" style=\"left:78px;bottom:678px;letter-spacing:0.15px;word-spacing:-0.16px;display:inline;\">Presented in Non-current other payables on the Balance Sheet. </div>\n<div class=\"t s7_201\" id=\"t3g_201\" style=\"left:65px;bottom:651px;letter-spacing:-0.46px;display:inline;\">16.4 </div><div class=\"t s8_201\" id=\"t3h_201\" style=\"left:96px;bottom:651px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">Net investment hedge </div>\n<div class=\"t s1_201\" id=\"t3i_201\" style=\"left:65px;bottom:634px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Part of the Group\u2019s net investment in its Euro subsidiaries is hedged by \u20ac500m ($533m equivalent) of our debut EUR Corporate Bond </div>\n<div class=\"t s1_201\" id=\"t3j_201\" style=\"left:65px;bottom:618px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which mitigates the\u00a0foreign currency risk arising from the subsidiaries\u2019 net assets. The Bond is designated as a hedging instrument for </div>\n<div class=\"t s1_201\" id=\"t3k_201\" style=\"left:65px;bottom:603px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0changes in\u00a0the\u00a0value of the net investment that is attributable to changes in the EUR/USD spot rate. </div>\n<div class=\"t s1_201\" id=\"t3l_201\" style=\"left:65px;bottom:579px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">To assess hedge e\ufb00ectiveness, the Group determines the economic relationship between the hedging instrument and the hedged item </div>\n<div class=\"t s1_201\" id=\"t3m_201\" style=\"left:65px;bottom:564px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">by comparing changes in the carrying amount of the debt that is attributable to a change in the spot rate with changes in the investment </div>\n<div class=\"t s1_201\" id=\"t3n_201\" style=\"left:65px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in the foreign operation due to movements in the spot rate (the o\ufb00set method). The Group\u2019s policy is to hedge the net investment only </div>\n<div class=\"t s1_201\" id=\"t3o_201\" style=\"left:65px;bottom:533px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to\u00a0the extent of the debt principal. Hedge ine\ufb00ectiveness occurs if the value of the Euro-denominated Corporate Bond exceeds the </div>\n<div class=\"t s1_201\" id=\"t3p_201\" style=\"left:65px;bottom:518px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">value\u00a0of\u00a0the Euro subsidiaries. </div>\n<div class=\"t s7_201\" id=\"t3q_201\" style=\"left:65px;bottom:493px;letter-spacing:-0.4px;display:inline;\">16.5 </div><div class=\"t s8_201\" id=\"t3r_201\" style=\"left:96px;bottom:493px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities and assets </div>\n<div class=\"t s1_201\" id=\"t3s_201\" style=\"left:65px;bottom:476px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Short-term receivables and payables are excluded from the following disclosures. </div>\n<div class=\"t s1_201\" id=\"t3t_201\" style=\"left:65px;bottom:452px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities: </div>\n<div class=\"t s2_201\" id=\"t3u_201\" style=\"left:766px;bottom:439px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">Fixed rate liabilities </div>\n<div class=\"t s2_201\" id=\"t3v_201\" style=\"left:866px;bottom:434px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t3w_201\" style=\"left:260px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3x_201\" style=\"left:262px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3y_201\" style=\"left:340px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3z_201\" style=\"left:409px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t40_201\" style=\"left:474px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t41_201\" style=\"left:548px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t42_201\" style=\"left:630px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t43_201\" style=\"left:704px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t44_201\" style=\"left:782px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t45_201\" style=\"left:814px;bottom:422px;letter-spacing:-0.16px;display:inline;\">Weighted\u00a0</div>\n<div class=\"t s2_201\" id=\"t46_201\" style=\"left:823px;bottom:410px;letter-spacing:-0.16px;display:inline;\">average </div>\n<div class=\"t s2_201\" id=\"t47_201\" style=\"left:428px;bottom:398px;letter-spacing:-0.08px;display:inline;\">Interest </div><div class=\"t s2_201\" id=\"t48_201\" style=\"left:727px;bottom:398px;letter-spacing:-0.16px;display:inline;\">Weighted </div><div class=\"t s2_201\" id=\"t49_201\" style=\"left:839px;bottom:398px;letter-spacing:-0.1px;display:inline;\">time\u00a0</div>\n<div class=\"t s2_201\" id=\"t4a_201\" style=\"left:305px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Gross </div><div class=\"t s2_201\" id=\"t4b_201\" style=\"left:358px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Currency </div><div class=\"t s2_201\" id=\"t4c_201\" style=\"left:447px;bottom:386px;letter-spacing:-0.15px;display:inline;\">rate </div><div class=\"t s2_201\" id=\"t4d_201\" style=\"left:516px;bottom:386px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_201\" id=\"t4e_201\" style=\"left:583px;bottom:386px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s2_201\" id=\"t4f_201\" style=\"left:648px;bottom:386px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Fixed\u00a0rate </div><div class=\"t s2_201\" id=\"t4g_201\" style=\"left:736px;bottom:386px;letter-spacing:-0.16px;display:inline;\">average </div><div class=\"t s2_201\" id=\"t4h_201\" style=\"left:816px;bottom:386px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">for\u00a0which </div><div class=\"t s2_201\" id=\"t4i_201\" style=\"left:866px;bottom:386px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4j_201\" style=\"left:278px;bottom:373px;letter-spacing:-0.08px;display:inline;\">borrowings </div><div class=\"t s2_201\" id=\"t4k_201\" style=\"left:372px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4l_201\" style=\"left:436px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4m_201\" style=\"left:497px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4n_201\" style=\"left:556px;bottom:373px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">rate liabilities </div><div class=\"t s2_201\" id=\"t4o_201\" style=\"left:652px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4p_201\" style=\"left:713px;bottom:373px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">interest\u00a0rate </div><div class=\"t s2_201\" id=\"t4q_201\" style=\"left:805px;bottom:373px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">rate\u00a0is\u00a0\ufb01xed </div><div class=\"t s2_201\" id=\"t4r_201\" style=\"left:866px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4s_201\" style=\"left:260px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:262px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4u_201\" style=\"left:265px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:291px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:338px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:340px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4y_201\" style=\"left:342px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:361px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t50_201\" style=\"left:407px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:409px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:412px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:426px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t54_201\" style=\"left:472px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:474px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:477px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:499px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t58_201\" style=\"left:546px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t59_201\" style=\"left:548px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:550px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5b_201\" style=\"left:581px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5c_201\" style=\"left:628px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:630px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5e_201\" style=\"left:633px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:655px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5g_201\" style=\"left:702px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:704px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5i_201\" style=\"left:706px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5j_201\" style=\"left:765px;bottom:361px;display:inline;\">%\u00a0</div><div class=\"t s2_201\" id=\"t5k_201\" style=\"left:782px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5l_201\" style=\"left:784px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5m_201\" style=\"left:834px;bottom:361px;letter-spacing:-0.25px;display:inline;\">Years\u00a0</div>\n<div class=\"t s3_201\" id=\"t5n_201\" style=\"left:69px;bottom:342px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s5_201\" id=\"t5o_201\" style=\"left:322px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5p_201\" style=\"left:325px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5q_201\" style=\"left:391px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5r_201\" style=\"left:394px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5s_201\" style=\"left:456px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5t_201\" style=\"left:459px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5u_201\" style=\"left:530px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5v_201\" style=\"left:533px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5w_201\" style=\"left:612px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5x_201\" style=\"left:615px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5y_201\" style=\"left:686px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5z_201\" style=\"left:688px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t60_201\" style=\"left:764px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t61_201\" style=\"left:766px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t62_201\" style=\"left:850px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t63_201\" style=\"left:853px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t64_201\" style=\"left:65px;bottom:323px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s5_201\" id=\"t65_201\" style=\"left:292px;bottom:323px;letter-spacing:-0.13px;display:inline;\">(2,159) </div><div class=\"t s5_201\" id=\"t66_201\" style=\"left:373px;bottom:323px;letter-spacing:-0.32px;display:inline;\">(163) </div><div class=\"t s5_201\" id=\"t67_201\" style=\"left:460px;bottom:323px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t68_201\" style=\"left:500px;bottom:323px;letter-spacing:-0.15px;display:inline;\">(2,322) </div><div class=\"t s5_201\" id=\"t69_201\" style=\"left:594px;bottom:323px;letter-spacing:-0.34px;display:inline;\">(193) </div><div class=\"t s5_201\" id=\"t6a_201\" style=\"left:656px;bottom:323px;letter-spacing:-0.14px;display:inline;\">(2,129) </div><div class=\"t s5_201\" id=\"t6b_201\" style=\"left:755px;bottom:323px;letter-spacing:-0.12px;display:inline;\">2.7 </div><div class=\"t s5_201\" id=\"t6c_201\" style=\"left:841px;bottom:323px;letter-spacing:-0.02px;display:inline;\">5.9 </div>\n<div class=\"t s1_201\" id=\"t6d_201\" style=\"left:65px;bottom:305px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_201\" id=\"t6e_201\" style=\"left:304px;bottom:305px;letter-spacing:-0.43px;display:inline;\">(517) </div><div class=\"t s5_201\" id=\"t6f_201\" style=\"left:372px;bottom:305px;letter-spacing:-0.05px;display:inline;\">(206) </div><div class=\"t s5_201\" id=\"t6g_201\" style=\"left:446px;bottom:305px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6h_201\" style=\"left:511px;bottom:305px;letter-spacing:-0.1px;display:inline;\">(736) </div><div class=\"t s5_201\" id=\"t6i_201\" style=\"left:593px;bottom:305px;letter-spacing:-0.2px;display:inline;\">(220) </div><div class=\"t s5_201\" id=\"t6j_201\" style=\"left:668px;bottom:305px;letter-spacing:-0.36px;display:inline;\">(516) </div>\n<div class=\"t s3_201\" id=\"t6k_201\" style=\"left:65px;bottom:286px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s5_201\" id=\"t6l_201\" style=\"left:292px;bottom:286px;letter-spacing:-0.17px;display:inline;\">(2,676) </div><div class=\"t s5_201\" id=\"t6m_201\" style=\"left:373px;bottom:286px;letter-spacing:-0.19px;display:inline;\">(369) </div><div class=\"t s5_201\" id=\"t6n_201\" style=\"left:446px;bottom:286px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6o_201\" style=\"left:499px;bottom:286px;letter-spacing:-0.09px;display:inline;\">(3,058) </div><div class=\"t s5_201\" id=\"t6p_201\" style=\"left:594px;bottom:286px;letter-spacing:-0.4px;display:inline;\">(413) </div><div class=\"t s5_201\" id=\"t6q_201\" style=\"left:655px;bottom:286px;letter-spacing:-0.06px;display:inline;\">(2,645) </div><div class=\"t s5_201\" id=\"t6r_201\" style=\"left:763px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6s_201\" style=\"left:766px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6t_201\" style=\"left:850px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6u_201\" style=\"left:853px;bottom:286px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t6v_201\" style=\"left:65px;bottom:268px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t6w_201\" style=\"left:322px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6x_201\" style=\"left:325px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6y_201\" style=\"left:391px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6z_201\" style=\"left:394px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t70_201\" style=\"left:456px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t71_201\" style=\"left:459px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t72_201\" style=\"left:529px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t73_201\" style=\"left:532px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t74_201\" style=\"left:612px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t75_201\" style=\"left:615px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t76_201\" style=\"left:685px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t77_201\" style=\"left:688px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t78_201\" style=\"left:763px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t79_201\" style=\"left:766px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7a_201\" style=\"left:850px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7b_201\" style=\"left:853px;bottom:268px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t7c_201\" style=\"left:65px;bottom:249px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s1_201\" id=\"t7d_201\" style=\"left:296px;bottom:249px;letter-spacing:-0.18px;display:inline;\">(2,278) </div><div class=\"t s1_201\" id=\"t7e_201\" style=\"left:376px;bottom:249px;letter-spacing:-0.33px;display:inline;\">(201) </div><div class=\"t s1_201\" id=\"t7f_201\" style=\"left:459px;bottom:249px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7g_201\" style=\"left:504px;bottom:249px;letter-spacing:-0.22px;display:inline;\">(2,479) </div><div class=\"t s1_201\" id=\"t7h_201\" style=\"left:596px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(226) </div><div class=\"t s1_201\" id=\"t7i_201\" style=\"left:660px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t7j_201\" style=\"left:757px;bottom:249px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s1_201\" id=\"t7k_201\" style=\"left:843px;bottom:249px;letter-spacing:0.1px;display:inline;\">6.5 </div>\n<div class=\"t s1_201\" id=\"t7l_201\" style=\"left:65px;bottom:231px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s1_201\" id=\"t7m_201\" style=\"left:306px;bottom:231px;letter-spacing:-0.04px;display:inline;\">(864) </div><div class=\"t s1_201\" id=\"t7n_201\" style=\"left:375px;bottom:231px;letter-spacing:-0.08px;display:inline;\">(136) </div><div class=\"t s1_201\" id=\"t7o_201\" style=\"left:459px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7p_201\" style=\"left:503px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7q_201\" style=\"left:585px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7r_201\" style=\"left:689px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7s_201\" style=\"left:767px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7t_201\" style=\"left:853px;bottom:231px;display:inline;\">\u2013 </div>\n<div class=\"t s3_201\" id=\"t7u_201\" style=\"left:65px;bottom:213px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s1_201\" id=\"t7v_201\" style=\"left:297px;bottom:213px;letter-spacing:-0.31px;display:inline;\">(3,142) </div><div class=\"t s1_201\" id=\"t7w_201\" style=\"left:375px;bottom:213px;letter-spacing:-0.05px;display:inline;\">(337) </div><div class=\"t s1_201\" id=\"t7x_201\" style=\"left:459px;bottom:213px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7y_201\" style=\"left:504px;bottom:213px;letter-spacing:-0.18px;display:inline;\">(3,479) </div><div class=\"t s1_201\" id=\"t7z_201\" style=\"left:586px;bottom:213px;letter-spacing:-0.16px;display:inline;\">(1,226) </div><div class=\"t s1_201\" id=\"t80_201\" style=\"left:660px;bottom:213px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t81_201\" style=\"left:763px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t82_201\" style=\"left:766px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t83_201\" style=\"left:850px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t84_201\" style=\"left:853px;bottom:213px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t85_201\" style=\"left:65px;bottom:184px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">In 2022, the Group also had liabilities due for deferred and contingent acquisition consideration (denominated in US Dollars, Swiss Francs </div>\n<div class=\"t s1_201\" id=\"t86_201\" style=\"left:65px;bottom:168px;word-spacing:0.03px;display:inline;\">and Euros) totalling $92m (2021: $91m, 2020: $165m) on which no interest was payable (see Note 14). There were no other\u00a0signi\ufb01cant </div>\n<div class=\"t s1_201\" id=\"t87_201\" style=\"left:65px;bottom:153px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">interest bearing or non-interest bearing \ufb01nancial liabilities. Euro \ufb02oating rates are typically based on EURIBOR and US Dollar rates are </div>\n<div class=\"t s1_201\" id=\"t88_201\" style=\"left:65px;bottom:138px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">typically based on SOFR. The\u00a0weighted average interest rate on \ufb02oating rate borrowings as at\u00a031 December 2022 was over 3% (2021: </div>\n<div class=\"t s1_201\" id=\"t89_201\" style=\"left:65px;bottom:123px;letter-spacing:-0.09px;word-spacing:0.11px;display:inline;\">less than 1%). </div>\n<div class=\"t s9_201\" id=\"t8a_201\" style=\"left:829px;bottom:11px;letter-spacing:-0.79px;display:inline;\">199 </div><div class=\"t sa_201\" id=\"t8b_201\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_201\" id=\"t8c_201\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_201\" id=\"t8d_201\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_201\" id=\"t8e_201\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_201\" id=\"t8f_201\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_201\" id=\"t8g_201\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_202\" id=\"t1_202\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_202\" id=\"t2_202\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_202\" id=\"t3_202\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_202\" id=\"t4_202\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_202\" id=\"t5_202\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_202\" id=\"t6_202\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_202\" id=\"t7_202\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_202\" id=\"t8_202\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing assets: </div>\n<div class=\"t s9_202\" id=\"t9_202\" style=\"left:320px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ta_202\" style=\"left:323px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tb_202\" style=\"left:378px;bottom:917px;letter-spacing:-0.04px;display:inline;\">Cash </div><div class=\"t s9_202\" id=\"tc_202\" style=\"left:444px;bottom:917px;letter-spacing:-0.08px;display:inline;\">Currency\u00a0</div><div class=\"t s9_202\" id=\"td_202\" style=\"left:518px;bottom:917px;letter-spacing:-0.1px;word-spacing:-0.13px;display:inline;\">Interest rate\u00a0</div><div class=\"t s9_202\" id=\"te_202\" style=\"left:587px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tf_202\" style=\"left:674px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tg_202\" style=\"left:713px;bottom:917px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s9_202\" id=\"th_202\" style=\"left:814px;bottom:917px;letter-spacing:-0.15px;display:inline;\">Fixed\u00a0</div>\n<div class=\"t s9_202\" id=\"ti_202\" style=\"left:366px;bottom:905px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">at\u00a0bank </div><div class=\"t s9_202\" id=\"tj_202\" style=\"left:458px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tk_202\" style=\"left:549px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tl_202\" style=\"left:607px;bottom:905px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Total\u00a0assets </div><div class=\"t s9_202\" id=\"tm_202\" style=\"left:699px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"tn_202\" style=\"left:785px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"to_202\" style=\"left:844px;bottom:905px;display:inline;\">\u00a0</div>\n<div class=\"t s9_202\" id=\"tp_202\" style=\"left:320px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tq_202\" style=\"left:323px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tr_202\" style=\"left:325px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ts_202\" style=\"left:327px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tt_202\" style=\"left:361px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tu_202\" style=\"left:407px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tv_202\" style=\"left:409px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tw_202\" style=\"left:412px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tx_202\" style=\"left:414px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ty_202\" style=\"left:447px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tz_202\" style=\"left:494px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t10_202\" style=\"left:496px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t11_202\" style=\"left:498px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t12_202\" style=\"left:501px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t13_202\" style=\"left:538px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t14_202\" style=\"left:585px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t15_202\" style=\"left:587px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t16_202\" style=\"left:589px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t17_202\" style=\"left:592px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t18_202\" style=\"left:625px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t19_202\" style=\"left:671px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1a_202\" style=\"left:674px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1b_202\" style=\"left:676px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1c_202\" style=\"left:678px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1d_202\" style=\"left:711px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1e_202\" style=\"left:758px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1f_202\" style=\"left:760px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1g_202\" style=\"left:763px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1h_202\" style=\"left:765px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1i_202\" style=\"left:798px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1j_202\" style=\"left:844px;bottom:893px;display:inline;\">\u00a0</div>\n<div class=\"t sa_202\" id=\"t1k_202\" style=\"left:48px;bottom:873px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div>\n<div class=\"t s8_202\" id=\"t1l_202\" style=\"left:43px;bottom:854px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t sb_202\" id=\"t1m_202\" style=\"left:378px;bottom:854px;letter-spacing:-0.26px;display:inline;\">207 </div><div class=\"t sb_202\" id=\"t1n_202\" style=\"left:464px;bottom:854px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t sb_202\" id=\"t1o_202\" style=\"left:572px;bottom:854px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1p_202\" style=\"left:642px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1q_202\" style=\"left:729px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1r_202\" style=\"left:832px;bottom:854px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t1s_202\" style=\"left:43px;bottom:836px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t sb_202\" id=\"t1t_202\" style=\"left:377px;bottom:836px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sb_202\" id=\"t1u_202\" style=\"left:464px;bottom:836px;letter-spacing:-0.27px;display:inline;\">164 </div><div class=\"t sb_202\" id=\"t1v_202\" style=\"left:572px;bottom:836px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1w_202\" style=\"left:642px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1x_202\" style=\"left:728px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1y_202\" style=\"left:832px;bottom:836px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t1z_202\" style=\"left:43px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t sb_202\" id=\"t20_202\" style=\"left:377px;bottom:818px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sb_202\" id=\"t21_202\" style=\"left:464px;bottom:818px;letter-spacing:-0.23px;display:inline;\">369 </div><div class=\"t sb_202\" id=\"t22_202\" style=\"left:572px;bottom:818px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t23_202\" style=\"left:642px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t24_202\" style=\"left:729px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t25_202\" style=\"left:832px;bottom:818px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t26_202\" style=\"left:43px;bottom:799px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div>\n<div class=\"t s8_202\" id=\"t27_202\" style=\"left:43px;bottom:781px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s8_202\" id=\"t28_202\" style=\"left:369px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,156 </div><div class=\"t s8_202\" id=\"t29_202\" style=\"left:466px;bottom:781px;letter-spacing:-0.2px;display:inline;\">135 </div><div class=\"t s8_202\" id=\"t2a_202\" style=\"left:572px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2b_202\" style=\"left:633px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2c_202\" style=\"left:720px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2d_202\" style=\"left:832px;bottom:781px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2e_202\" style=\"left:43px;bottom:762px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s8_202\" id=\"t2f_202\" style=\"left:379px;bottom:762px;letter-spacing:-0.1px;display:inline;\">134 </div><div class=\"t s8_202\" id=\"t2g_202\" style=\"left:466px;bottom:762px;letter-spacing:-0.43px;display:inline;\">202 </div><div class=\"t s8_202\" id=\"t2h_202\" style=\"left:572px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2i_202\" style=\"left:643px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2j_202\" style=\"left:730px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2k_202\" style=\"left:832px;bottom:762px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t2l_202\" style=\"left:43px;bottom:744px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t s8_202\" id=\"t2m_202\" style=\"left:369px;bottom:744px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_202\" id=\"t2n_202\" style=\"left:466px;bottom:744px;letter-spacing:-0.36px;display:inline;\">337 </div><div class=\"t s8_202\" id=\"t2o_202\" style=\"left:572px;bottom:744px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2p_202\" style=\"left:634px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2q_202\" style=\"left:720px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2r_202\" style=\"left:832px;bottom:744px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2s_202\" style=\"left:43px;bottom:706px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Floating rates on assets are typically based on the short-term deposit rates relevant to the currency concerned. </div>\n<div class=\"t sc_202\" id=\"t2t_202\" style=\"left:43px;bottom:682px;letter-spacing:-0.51px;display:inline;\">16.6 </div><div class=\"t sd_202\" id=\"t2u_202\" style=\"left:74px;bottom:682px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Fair value of \ufb01nancial assets and liabilities </div>\n<div class=\"t se_202\" id=\"t2v_202\" style=\"left:53px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\n<div class=\"t sg_202\" id=\"t35_202\" style=\"left:53px;bottom:479px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">the\u00a0change has occurred. </div>\n<div class=\"t s8_202\" id=\"t36_202\" style=\"left:43px;bottom:442px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">There has been no change in the classi\ufb01cation of \ufb01nancial assets and liabilities, the method and assumptions used in determining fair </div>\n<div class=\"t s8_202\" id=\"t37_202\" style=\"left:43px;bottom:426px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value and the categorisation of \ufb01nancial assets and liabilities within the fair value hierarchy from those disclosed in the Annual Report </div>\n<div class=\"t s8_202\" id=\"t38_202\" style=\"left:43px;bottom:411px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">for\u00a0the year ended 31 December 2021. </div>\n<div class=\"t s8_202\" id=\"t39_202\" style=\"left:43px;bottom:387px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group enters into derivative \ufb01nancial instruments with \ufb01nancial institutions with investment grade credit ratings. The fair value </div>\n<div class=\"t s8_202\" id=\"t3a_202\" style=\"left:43px;bottom:372px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of forward foreign exchange contracts is calculated by reference to quoted market forward exchange rates for contracts with similar </div>\n<div class=\"t s8_202\" id=\"t3b_202\" style=\"left:43px;bottom:357px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">maturity pro\ufb01les. The fair value of currency swaps is determined by reference to quoted market spot rates. As a result, foreign forward </div>\n<div class=\"t s8_202\" id=\"t3c_202\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">exchange contracts and currency swaps are classi\ufb01ed as Level 2 within the fair value hierarchy. The changes in counterparty credit </div>\n<div class=\"t s8_202\" id=\"t3d_202\" style=\"left:43px;bottom:326px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">risk had no material e\ufb00ect on the hedge e\ufb00ectiveness for derivatives designated in hedge relationships and other \ufb01nancial instruments </div>\n<div class=\"t s8_202\" id=\"t3e_202\" style=\"left:43px;bottom:311px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">recognised at fair value. The fair value of investments is based upon third-party pricing models for share issues. As a result, investments </div>\n<div class=\"t s8_202\" id=\"t3f_202\" style=\"left:43px;bottom:295px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">are considered Level 3 in the fair value hierarchy. There were no transfers between Levels 1, 2 and 3 during 2022 and 2021. For cash </div>\n<div class=\"t s8_202\" id=\"t3g_202\" style=\"left:43px;bottom:280px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and cash equivalents, short-term loans and receivables, overdra\ufb05s and other short-term liabilities which have a maturity of less than </div>\n<div class=\"t s8_202\" id=\"t3h_202\" style=\"left:43px;bottom:265px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">three\u00a0months, the book values approximate the fair values\u00a0because of\u00a0their short-term nature. </div>\n<div class=\"t s8_202\" id=\"t3i_202\" style=\"left:43px;bottom:241px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Long-term borrowings are measured in the balance sheet at amortised cost. The corporate bonds issued in October 2020 and October </div>\n<div class=\"t s8_202\" id=\"t3j_202\" style=\"left:43px;bottom:226px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">2022 are publicly listed and a market price is available. The Group\u2019s other long-term borrowings are not quoted publicly, their fair values </div>\n<div class=\"t s8_202\" id=\"t3k_202\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">are estimated by\u00a0discounting future contractual cash \ufb02ows to net present\u00a0values at the current market interest rates available to the </div>\n<div class=\"t s8_202\" id=\"t3l_202\" style=\"left:43px;bottom:195px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Group for similar\u00a0\ufb01nancial instruments as at the year end. The fair\u00a0value of\u00a0the\u00a0private placement notes is determined using a discounted </div>\n<div class=\"t s8_202\" id=\"t3m_202\" style=\"left:43px;bottom:180px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">cash \ufb02ow model based on prevailing market rates. </div>\n<div class=\"t sh_202\" id=\"t3n_202\" style=\"left:43px;bottom:11px;letter-spacing:-0.46px;display:inline;\">200 </div><div class=\"t si_202\" id=\"t3o_202\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_202\" id=\"t3p_202\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_203\" id=\"t1_203\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The following table shows the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial liabilities, including their levels in the </div>\n<div class=\"t s1_203\" id=\"t2_203\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">fair\u00a0value hierarchy. It does not include fair value information for \ufb01nancial assets and \ufb01nancial liabilities not measured at fair value. </div>\n<div class=\"t s2_203\" id=\"t3_203\" style=\"left:646px;bottom:920px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s2_203\" id=\"t4_203\" style=\"left:650px;bottom:908px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_203\" id=\"t5_203\" style=\"left:814px;bottom:908px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair\u00a0value </div>\n<div class=\"t s2_203\" id=\"t6_203\" style=\"left:299px;bottom:879px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s2_203\" id=\"t7_203\" style=\"left:316px;bottom:867px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s2_203\" id=\"t8_203\" style=\"left:295px;bottom:855px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s2_203\" id=\"t9_203\" style=\"left:372px;bottom:867px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s2_203\" id=\"ta_203\" style=\"left:403px;bottom:855px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s2_203\" id=\"tb_203\" style=\"left:442px;bottom:879px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tc_203\" style=\"left:450px;bottom:867px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"td_203\" style=\"left:471px;bottom:855px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s2_203\" id=\"te_203\" style=\"left:507px;bottom:892px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tf_203\" style=\"left:515px;bottom:879px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"tg_203\" style=\"left:526px;bottom:867px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s2_203\" id=\"th_203\" style=\"left:523px;bottom:855px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s2_203\" id=\"ti_203\" style=\"left:590px;bottom:879px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s2_203\" id=\"tj_203\" style=\"left:577px;bottom:867px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s2_203\" id=\"tk_203\" style=\"left:574px;bottom:855px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_203\" id=\"tl_203\" style=\"left:663px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_203\" id=\"tm_203\" style=\"left:709px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s2_203\" id=\"tn_203\" style=\"left:766px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s2_203\" id=\"to_203\" style=\"left:836px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s2_203\" id=\"tp_203\" style=\"left:69px;bottom:843px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">At\u00a031\u00a0December\u00a02022 </div><div class=\"t s2_203\" id=\"tq_203\" style=\"left:281px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tr_203\" style=\"left:284px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"ts_203\" style=\"left:286px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tt_203\" style=\"left:313px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"tu_203\" style=\"left:359px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tv_203\" style=\"left:362px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tw_203\" style=\"left:364px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tx_203\" style=\"left:382px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"ty_203\" style=\"left:429px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tz_203\" style=\"left:431px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t10_203\" style=\"left:433px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t11_203\" style=\"left:447px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t12_203\" style=\"left:494px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t13_203\" style=\"left:496px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t14_203\" style=\"left:498px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t15_203\" style=\"left:512px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t16_203\" style=\"left:559px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t17_203\" style=\"left:561px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t18_203\" style=\"left:563px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t19_203\" style=\"left:577px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1a_203\" style=\"left:624px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1b_203\" style=\"left:626px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1c_203\" style=\"left:628px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1d_203\" style=\"left:646px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1e_203\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1f_203\" style=\"left:695px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1g_203\" style=\"left:698px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1h_203\" style=\"left:752px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1i_203\" style=\"left:754px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1j_203\" style=\"left:808px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1k_203\" style=\"left:810px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1l_203\" style=\"left:820px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:823px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:809px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t1o_203\" style=\"left:343px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1p_203\" style=\"left:346px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1q_203\" style=\"left:413px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1r_203\" style=\"left:416px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:478px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1t_203\" style=\"left:481px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1u_203\" style=\"left:543px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1v_203\" style=\"left:546px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1w_203\" style=\"left:608px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1x_203\" style=\"left:611px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1y_203\" style=\"left:677px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1z_203\" style=\"left:680px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t20_203\" style=\"left:733px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t21_203\" style=\"left:736px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t22_203\" style=\"left:789px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t23_203\" style=\"left:792px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t24_203\" style=\"left:850px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t25_203\" style=\"left:853px;bottom:809px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t26_203\" style=\"left:65px;bottom:791px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t27_203\" style=\"left:338px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t28_203\" style=\"left:416px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t29_203\" style=\"left:481px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2a_203\" style=\"left:546px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2b_203\" style=\"left:611px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2c_203\" style=\"left:671px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2d_203\" style=\"left:728px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2e_203\" style=\"left:793px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2f_203\" style=\"left:845px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div>\n<div class=\"t s1_203\" id=\"t2g_203\" style=\"left:65px;bottom:773px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s4_203\" id=\"t2h_203\" style=\"left:347px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2i_203\" style=\"left:416px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2j_203\" style=\"left:481px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2k_203\" style=\"left:537px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2l_203\" style=\"left:611px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2m_203\" style=\"left:672px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2n_203\" style=\"left:737px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2o_203\" style=\"left:784px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2p_203\" style=\"left:845px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div>\n<div class=\"t s1_203\" id=\"t2q_203\" style=\"left:65px;bottom:754px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s4_203\" id=\"t2r_203\" style=\"left:347px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2s_203\" style=\"left:416px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2t_203\" style=\"left:481px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2u_203\" style=\"left:537px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2v_203\" style=\"left:611px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2w_203\" style=\"left:672px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2x_203\" style=\"left:737px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2y_203\" style=\"left:784px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2z_203\" style=\"left:845px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div>\n<div class=\"t s1_203\" id=\"t30_203\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t31_203\" style=\"left:347px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t32_203\" style=\"left:416px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t33_203\" style=\"left:481px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t34_203\" style=\"left:546px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t35_203\" style=\"left:611px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t36_203\" style=\"left:680px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t37_203\" style=\"left:736px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t38_203\" style=\"left:793px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t39_203\" style=\"left:853px;bottom:736px;display:inline;\">1 </div>\n<div class=\"t s4_203\" id=\"t3a_203\" style=\"left:338px;bottom:717px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t3b_203\" style=\"left:416px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3c_203\" style=\"left:481px;bottom:717px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t3d_203\" style=\"left:537px;bottom:717px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s4_203\" id=\"t3e_203\" style=\"left:611px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3f_203\" style=\"left:671px;bottom:717px;letter-spacing:-0.23px;display:inline;\">77 </div><div class=\"t s4_203\" id=\"t3g_203\" style=\"left:789px;bottom:717px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3h_203\" style=\"left:792px;bottom:717px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t3i_203\" style=\"left:65px;bottom:699px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t s3_203\" id=\"t3j_203\" style=\"left:65px;bottom:685px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t3k_203\" style=\"left:343px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3l_203\" style=\"left:346px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3m_203\" style=\"left:413px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3n_203\" style=\"left:416px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3o_203\" style=\"left:478px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3p_203\" style=\"left:480px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3q_203\" style=\"left:543px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3r_203\" style=\"left:545px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3s_203\" style=\"left:607px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3t_203\" style=\"left:610px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3u_203\" style=\"left:677px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3v_203\" style=\"left:680px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3w_203\" style=\"left:733px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3x_203\" style=\"left:736px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3y_203\" style=\"left:789px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3z_203\" style=\"left:792px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t40_203\" style=\"left:850px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t41_203\" style=\"left:853px;bottom:685px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t42_203\" style=\"left:65px;bottom:667px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t43_203\" style=\"left:347px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t44_203\" style=\"left:416px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t45_203\" style=\"left:481px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t46_203\" style=\"left:532px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t47_203\" style=\"left:611px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t48_203\" style=\"left:666px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t49_203\" style=\"left:737px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4a_203\" style=\"left:779px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t4b_203\" style=\"left:840px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div>\n<div class=\"t s1_203\" id=\"t4c_203\" style=\"left:65px;bottom:648px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t4d_203\" style=\"left:334px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4e_203\" style=\"left:416px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4f_203\" style=\"left:481px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4g_203\" style=\"left:546px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4h_203\" style=\"left:611px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4i_203\" style=\"left:667px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4j_203\" style=\"left:724px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4k_203\" style=\"left:793px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4l_203\" style=\"left:840px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div>\n<div class=\"t s1_203\" id=\"t4m_203\" style=\"left:65px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div><div class=\"t s4_203\" id=\"t4n_203\" style=\"left:333px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4o_203\" style=\"left:416px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4p_203\" style=\"left:481px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4q_203\" style=\"left:546px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4r_203\" style=\"left:611px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4s_203\" style=\"left:667px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4t_203\" style=\"left:723px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4u_203\" style=\"left:793px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4v_203\" style=\"left:840px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div>\n<div class=\"t s1_203\" id=\"t4w_203\" style=\"left:65px;bottom:611px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t4x_203\" style=\"left:347px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4y_203\" style=\"left:416px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4z_203\" style=\"left:476px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t50_203\" style=\"left:546px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t51_203\" style=\"left:611px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t52_203\" style=\"left:675px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t53_203\" style=\"left:732px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t54_203\" style=\"left:793px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t55_203\" style=\"left:848px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t s4_203\" id=\"t56_203\" style=\"left:333px;bottom:593px;letter-spacing:-0.25px;display:inline;\">(55) </div><div class=\"t s4_203\" id=\"t57_203\" style=\"left:416px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t58_203\" style=\"left:476px;bottom:593px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t59_203\" style=\"left:532px;bottom:593px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t5a_203\" style=\"left:611px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t5b_203\" style=\"left:658px;bottom:593px;letter-spacing:-0.2px;display:inline;\">(134) </div><div class=\"t s4_203\" id=\"t5c_203\" style=\"left:733px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5d_203\" style=\"left:736px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5e_203\" style=\"left:789px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5f_203\" style=\"left:792px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5g_203\" style=\"left:850px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5h_203\" style=\"left:853px;bottom:593px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t5i_203\" style=\"left:65px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t s3_203\" id=\"t5j_203\" style=\"left:65px;bottom:561px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t5k_203\" style=\"left:343px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5l_203\" style=\"left:346px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5m_203\" style=\"left:412px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5n_203\" style=\"left:415px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5o_203\" style=\"left:477px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5p_203\" style=\"left:480px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5q_203\" style=\"left:542px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5r_203\" style=\"left:545px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5s_203\" style=\"left:607px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5t_203\" style=\"left:610px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5u_203\" style=\"left:677px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5v_203\" style=\"left:680px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5w_203\" style=\"left:733px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5x_203\" style=\"left:736px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5y_203\" style=\"left:789px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5z_203\" style=\"left:792px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t60_203\" style=\"left:850px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t61_203\" style=\"left:853px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t62_203\" style=\"left:65px;bottom:542px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s4_203\" id=\"t63_203\" style=\"left:318px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t64_203\" style=\"left:416px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t65_203\" style=\"left:481px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t66_203\" style=\"left:546px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t67_203\" style=\"left:611px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t68_203\" style=\"left:651px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t69_203\" style=\"left:733px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6a_203\" style=\"left:736px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6b_203\" style=\"left:789px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6c_203\" style=\"left:792px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6d_203\" style=\"left:850px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6e_203\" style=\"left:853px;bottom:542px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t6f_203\" style=\"left:65px;bottom:524px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s4_203\" id=\"t6g_203\" style=\"left:347px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6h_203\" style=\"left:399px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6i_203\" style=\"left:481px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6j_203\" style=\"left:546px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6k_203\" style=\"left:611px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6l_203\" style=\"left:663px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6m_203\" style=\"left:733px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6n_203\" style=\"left:736px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6o_203\" style=\"left:789px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6p_203\" style=\"left:792px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6q_203\" style=\"left:850px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6r_203\" style=\"left:853px;bottom:524px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t6s_203\" style=\"left:318px;bottom:505px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t6t_203\" style=\"left:399px;bottom:505px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6u_203\" style=\"left:481px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6v_203\" style=\"left:546px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6w_203\" style=\"left:611px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6x_203\" style=\"left:651px;bottom:505px;letter-spacing:-0.15px;display:inline;\">1,473 </div><div class=\"t s4_203\" id=\"t6y_203\" style=\"left:733px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6z_203\" style=\"left:736px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t70_203\" style=\"left:789px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t71_203\" style=\"left:792px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t72_203\" style=\"left:850px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t73_203\" style=\"left:853px;bottom:505px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t74_203\" style=\"left:65px;bottom:487px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t s3_203\" id=\"t75_203\" style=\"left:65px;bottom:473px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t76_203\" style=\"left:343px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t77_203\" style=\"left:346px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t78_203\" style=\"left:412px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t79_203\" style=\"left:415px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7a_203\" style=\"left:477px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7b_203\" style=\"left:480px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7c_203\" style=\"left:542px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7d_203\" style=\"left:545px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7e_203\" style=\"left:607px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7f_203\" style=\"left:610px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7g_203\" style=\"left:676px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7h_203\" style=\"left:679px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7i_203\" style=\"left:733px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7j_203\" style=\"left:736px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7k_203\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7l_203\" style=\"left:792px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7m_203\" style=\"left:850px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7n_203\" style=\"left:853px;bottom:473px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t7o_203\" style=\"left:64px;bottom:455px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t7p_203\" style=\"left:347px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7q_203\" style=\"left:416px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7r_203\" style=\"left:481px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7s_203\" style=\"left:546px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7t_203\" style=\"left:597px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7u_203\" style=\"left:666px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7v_203\" style=\"left:733px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7w_203\" style=\"left:736px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7x_203\" style=\"left:789px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7y_203\" style=\"left:792px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7z_203\" style=\"left:850px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t80_203\" style=\"left:853px;bottom:455px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t81_203\" style=\"left:64px;bottom:436px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s4_203\" id=\"t82_203\" style=\"left:347px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t83_203\" style=\"left:416px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t84_203\" style=\"left:481px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t85_203\" style=\"left:546px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t86_203\" style=\"left:605px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t87_203\" style=\"left:674px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t88_203\" style=\"left:733px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t89_203\" style=\"left:736px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8a_203\" style=\"left:789px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8b_203\" style=\"left:792px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8c_203\" style=\"left:850px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8d_203\" style=\"left:852px;bottom:436px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t8e_203\" style=\"left:64px;bottom:416px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Corporate bond not in a hedge </div>\n<div class=\"t s1_203\" id=\"t8f_203\" style=\"left:64px;bottom:402px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8g_203\" style=\"left:347px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8h_203\" style=\"left:416px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8i_203\" style=\"left:481px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8j_203\" style=\"left:546px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8k_203\" style=\"left:588px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div><div class=\"t s4_203\" id=\"t8l_203\" style=\"left:658px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div>\n<div class=\"t s1_203\" id=\"t8m_203\" style=\"left:64px;bottom:382px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Corporate bond in a hedge </div>\n<div class=\"t s1_203\" id=\"t8n_203\" style=\"left:64px;bottom:368px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8o_203\" style=\"left:347px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8p_203\" style=\"left:416px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8q_203\" style=\"left:481px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8r_203\" style=\"left:546px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8s_203\" style=\"left:589px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8t_203\" style=\"left:658px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8u_203\" style=\"left:733px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8v_203\" style=\"left:736px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8w_203\" style=\"left:789px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8x_203\" style=\"left:792px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8y_203\" style=\"left:850px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8z_203\" style=\"left:852px;bottom:368px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t90_203\" style=\"left:64px;bottom:350px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s1_203\" id=\"t91_203\" style=\"left:64px;bottom:336px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s4_203\" id=\"t92_203\" style=\"left:346px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t93_203\" style=\"left:416px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t94_203\" style=\"left:481px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t95_203\" style=\"left:546px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t96_203\" style=\"left:577px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div><div class=\"t s4_203\" id=\"t97_203\" style=\"left:646px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div>\n<div class=\"t s1_203\" id=\"t98_203\" style=\"left:64px;bottom:318px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s4_203\" id=\"t99_203\" style=\"left:346px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9a_203\" style=\"left:416px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9b_203\" style=\"left:481px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9c_203\" style=\"left:546px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9d_203\" style=\"left:576px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9e_203\" style=\"left:645px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9f_203\" style=\"left:733px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9g_203\" style=\"left:735px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9h_203\" style=\"left:789px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9i_203\" style=\"left:792px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9j_203\" style=\"left:849px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9k_203\" style=\"left:852px;bottom:318px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t9l_203\" style=\"left:346px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9m_203\" style=\"left:416px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9n_203\" style=\"left:481px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9o_203\" style=\"left:546px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9p_203\" style=\"left:577px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9q_203\" style=\"left:646px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9r_203\" style=\"left:732px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9s_203\" style=\"left:735px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9t_203\" style=\"left:789px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9u_203\" style=\"left:792px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9v_203\" style=\"left:849px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9w_203\" style=\"left:852px;bottom:299px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t9x_203\" style=\"left:64px;bottom:271px;letter-spacing:0.04px;display:inline;\">At 31 December 2022, the book value and market value of the USD corporate bond were $994m and $783m respectively (2021: $993m </div>\n<div class=\"t s1_203\" id=\"t9y_203\" style=\"left:64px;bottom:255px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">and $962m), the book value and market value of the EUR Corporate bond were $516m and $531m respectively. The book value and fair </div>\n<div class=\"t s1_203\" id=\"t9z_203\" style=\"left:64px;bottom:240px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">value of the private placement debt were $1,160m and $987m respectively (2021: $1,285m and $1,316m). </div>\n<div class=\"t s5_203\" id=\"ta0_203\" style=\"left:830px;bottom:11px;letter-spacing:-1.12px;display:inline;\">201 </div><div class=\"t s6_203\" id=\"ta1_203\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_203\" id=\"ta2_203\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_203\" id=\"ta3_203\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_203\" id=\"ta4_203\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_203\" id=\"ta5_203\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_203\" id=\"ta6_203\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_204\" id=\"t1_204\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_204\" id=\"t2_204\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_204\" id=\"t3_204\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_204\" id=\"t4_204\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_204\" id=\"t5_204\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_204\" id=\"t6_204\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_204\" id=\"t7_204\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_204\" id=\"t8_204\" style=\"left:43px;bottom:939px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">During the year ended 31 December 2022, acquisition consideration increased by $1m due to $42m increase for acquisitions being </div>\n<div class=\"t s8_204\" id=\"t9_204\" style=\"left:43px;bottom:924px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">partially o\ufb00set $24m of payments for acquisitions made in the current and prior years, and $17m of remeasurement and discount </div>\n<div class=\"t s8_204\" id=\"ta_204\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">unwind. The fair value of contingent consideration is\u00a0estimated using a discounted cash \ufb02ow model. The valuation model considers the </div>\n<div class=\"t s8_204\" id=\"tb_204\" style=\"left:43px;bottom:893px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">present value of expected payment, discounted using a risk-adjusted discount rate. The expected payment is determined by considering </div>\n<div class=\"t s8_204\" id=\"tc_204\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the possible scenarios, which relate\u00a0to the achievement of established milestones and targets, the amount to\u00a0be paid under each </div>\n<div class=\"t s8_204\" id=\"td_204\" style=\"left:43px;bottom:863px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">scenario and the probability of\u00a0each\u00a0scenario. As a\u00a0result, contingent consideration is classi\ufb01ed as Level 3 within the fair value hierarchy. </div>\n<div class=\"t s9_204\" id=\"te_204\" style=\"left:620px;bottom:840px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s9_204\" id=\"tf_204\" style=\"left:624px;bottom:828px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s9_204\" id=\"tg_204\" style=\"left:793px;bottom:828px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"th_204\" style=\"left:282px;bottom:800px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s9_204\" id=\"ti_204\" style=\"left:299px;bottom:787px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s9_204\" id=\"tj_204\" style=\"left:278px;bottom:775px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s9_204\" id=\"tk_204\" style=\"left:355px;bottom:787px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s9_204\" id=\"tl_204\" style=\"left:386px;bottom:775px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s9_204\" id=\"tm_204\" style=\"left:425px;bottom:800px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tn_204\" style=\"left:433px;bottom:787px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"to_204\" style=\"left:454px;bottom:775px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s9_204\" id=\"tp_204\" style=\"left:490px;bottom:812px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tq_204\" style=\"left:498px;bottom:800px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"tr_204\" style=\"left:509px;bottom:787px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s9_204\" id=\"ts_204\" style=\"left:505px;bottom:775px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s9_204\" id=\"tt_204\" style=\"left:569px;bottom:800px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s9_204\" id=\"tu_204\" style=\"left:555px;bottom:787px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s9_204\" id=\"tv_204\" style=\"left:553px;bottom:775px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_204\" id=\"tw_204\" style=\"left:637px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s9_204\" id=\"tx_204\" style=\"left:683px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s9_204\" id=\"ty_204\" style=\"left:740px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s9_204\" id=\"tz_204\" style=\"left:815px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_204\" id=\"t10_204\" style=\"left:43px;bottom:761px;letter-spacing:-0.26px;word-spacing:-0.01px;display:inline;\">At\u00a031\u00a0December\u00a02021 </div><div class=\"t s9_204\" id=\"t11_204\" style=\"left:264px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t12_204\" style=\"left:266px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t13_204\" style=\"left:269px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t14_204\" style=\"left:271px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t15_204\" style=\"left:296px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t16_204\" style=\"left:342px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t17_204\" style=\"left:344px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t18_204\" style=\"left:347px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t19_204\" style=\"left:365px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1a_204\" style=\"left:411px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:414px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1c_204\" style=\"left:416px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1d_204\" style=\"left:430px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1e_204\" style=\"left:476px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1f_204\" style=\"left:479px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1g_204\" style=\"left:481px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:495px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1i_204\" style=\"left:555px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1j_204\" style=\"left:602px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1k_204\" style=\"left:604px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1l_204\" style=\"left:607px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1m_204\" style=\"left:620px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:667px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1o_204\" style=\"left:669px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1p_204\" style=\"left:672px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1q_204\" style=\"left:726px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1r_204\" style=\"left:728px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1s_204\" style=\"left:782px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:784px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1u_204\" style=\"left:798px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_204\" id=\"t1v_204\" style=\"left:43px;bottom:741px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t sa_204\" id=\"t1w_204\" style=\"left:43px;bottom:728px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t1x_204\" style=\"left:326px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1y_204\" style=\"left:329px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1z_204\" style=\"left:395px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t20_204\" style=\"left:398px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t21_204\" style=\"left:460px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t22_204\" style=\"left:463px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t23_204\" style=\"left:525px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t24_204\" style=\"left:528px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t25_204\" style=\"left:586px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t26_204\" style=\"left:589px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t27_204\" style=\"left:651px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t28_204\" style=\"left:654px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t29_204\" style=\"left:707px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2a_204\" style=\"left:710px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2b_204\" style=\"left:763px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2c_204\" style=\"left:766px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2d_204\" style=\"left:828px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2e_204\" style=\"left:831px;bottom:728px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t2f_204\" style=\"left:43px;bottom:709px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t2g_204\" style=\"left:322px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2h_204\" style=\"left:399px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2i_204\" style=\"left:464px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2j_204\" style=\"left:528px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2k_204\" style=\"left:589px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2l_204\" style=\"left:647px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2m_204\" style=\"left:703px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:767px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:825px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s8_204\" id=\"t2p_204\" style=\"left:43px;bottom:691px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s8_204\" id=\"t2q_204\" style=\"left:329px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2r_204\" style=\"left:399px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2s_204\" style=\"left:463px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2t_204\" style=\"left:522px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:589px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2v_204\" style=\"left:647px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2w_204\" style=\"left:710px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2x_204\" style=\"left:760px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2y_204\" style=\"left:825px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_204\" id=\"t2z_204\" style=\"left:43px;bottom:672px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s8_204\" id=\"t30_204\" style=\"left:329px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t31_204\" style=\"left:399px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t32_204\" style=\"left:463px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t33_204\" style=\"left:521px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t34_204\" style=\"left:589px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t35_204\" style=\"left:647px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t36_204\" style=\"left:710px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t37_204\" style=\"left:759px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t38_204\" style=\"left:824px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s8_204\" id=\"t39_204\" style=\"left:43px;bottom:654px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t3a_204\" style=\"left:329px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3b_204\" style=\"left:399px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:464px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3d_204\" style=\"left:528px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3e_204\" style=\"left:589px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3f_204\" style=\"left:654px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3g_204\" style=\"left:711px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3h_204\" style=\"left:767px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:832px;bottom:654px;display:inline;\">2 </div>\n<div class=\"t s8_204\" id=\"t3j_204\" style=\"left:322px;bottom:635px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t3k_204\" style=\"left:398px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3l_204\" style=\"left:464px;bottom:635px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3m_204\" style=\"left:521px;bottom:635px;display:inline;\">30 </div><div class=\"t s8_204\" id=\"t3n_204\" style=\"left:589px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:647px;bottom:635px;letter-spacing:-0.38px;display:inline;\">69 </div><div class=\"t s8_204\" id=\"t3p_204\" style=\"left:763px;bottom:635px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3q_204\" style=\"left:766px;bottom:635px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t3r_204\" style=\"left:43px;bottom:617px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t sa_204\" id=\"t3s_204\" style=\"left:43px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t3t_204\" style=\"left:326px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:329px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3v_204\" style=\"left:395px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3w_204\" style=\"left:398px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3x_204\" style=\"left:460px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3y_204\" style=\"left:463px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3z_204\" style=\"left:525px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t40_204\" style=\"left:528px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t41_204\" style=\"left:586px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t42_204\" style=\"left:589px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t43_204\" style=\"left:651px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t44_204\" style=\"left:654px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t45_204\" style=\"left:707px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t46_204\" style=\"left:710px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t47_204\" style=\"left:763px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t48_204\" style=\"left:766px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t49_204\" style=\"left:828px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t4a_204\" style=\"left:831px;bottom:603px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t4b_204\" style=\"left:43px;bottom:585px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t4c_204\" style=\"left:329px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4d_204\" style=\"left:398px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4e_204\" style=\"left:463px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4f_204\" style=\"left:517px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4g_204\" style=\"left:589px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4h_204\" style=\"left:643px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:710px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4j_204\" style=\"left:755px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4k_204\" style=\"left:820px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div>\n<div class=\"t s8_204\" id=\"t4l_204\" style=\"left:43px;bottom:566px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t4m_204\" style=\"left:318px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4n_204\" style=\"left:398px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4o_204\" style=\"left:463px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4p_204\" style=\"left:528px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4q_204\" style=\"left:589px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4r_204\" style=\"left:643px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4s_204\" style=\"left:700px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4t_204\" style=\"left:766px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4u_204\" style=\"left:821px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s8_204\" id=\"t4v_204\" style=\"left:43px;bottom:548px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t4w_204\" style=\"left:329px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4x_204\" style=\"left:398px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4y_204\" style=\"left:460px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t4z_204\" style=\"left:528px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t50_204\" style=\"left:589px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t51_204\" style=\"left:650px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t52_204\" style=\"left:707px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t53_204\" style=\"left:766px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t54_204\" style=\"left:828px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s8_204\" id=\"t55_204\" style=\"left:318px;bottom:529px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t56_204\" style=\"left:398px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t57_204\" style=\"left:460px;bottom:529px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t58_204\" style=\"left:517px;bottom:529px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t59_204\" style=\"left:589px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t5a_204\" style=\"left:636px;bottom:529px;letter-spacing:-0.35px;display:inline;\">(103) </div><div class=\"t s8_204\" id=\"t5b_204\" style=\"left:707px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5c_204\" style=\"left:710px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5d_204\" style=\"left:763px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5e_204\" style=\"left:766px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5f_204\" style=\"left:828px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5g_204\" style=\"left:831px;bottom:529px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t5h_204\" style=\"left:43px;bottom:511px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t sa_204\" id=\"t5i_204\" style=\"left:43px;bottom:497px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t5j_204\" style=\"left:326px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5k_204\" style=\"left:329px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5l_204\" style=\"left:395px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5m_204\" style=\"left:398px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5n_204\" style=\"left:460px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5o_204\" style=\"left:463px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5p_204\" style=\"left:525px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5q_204\" style=\"left:528px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5r_204\" style=\"left:585px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5s_204\" style=\"left:588px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5t_204\" style=\"left:650px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5u_204\" style=\"left:653px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5v_204\" style=\"left:707px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5w_204\" style=\"left:710px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5x_204\" style=\"left:763px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5y_204\" style=\"left:766px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5z_204\" style=\"left:828px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t60_204\" style=\"left:831px;bottom:497px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t61_204\" style=\"left:43px;bottom:479px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s8_204\" id=\"t62_204\" style=\"left:303px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t63_204\" style=\"left:398px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t64_204\" style=\"left:463px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t65_204\" style=\"left:528px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t66_204\" style=\"left:589px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t67_204\" style=\"left:628px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t68_204\" style=\"left:707px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t69_204\" style=\"left:710px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6a_204\" style=\"left:763px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6b_204\" style=\"left:766px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6c_204\" style=\"left:828px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6d_204\" style=\"left:831px;bottom:479px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6e_204\" style=\"left:43px;bottom:460px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s8_204\" id=\"t6f_204\" style=\"left:329px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6g_204\" style=\"left:372px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6h_204\" style=\"left:463px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6i_204\" style=\"left:528px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6j_204\" style=\"left:589px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:628px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6l_204\" style=\"left:707px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6m_204\" style=\"left:710px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6n_204\" style=\"left:763px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6o_204\" style=\"left:766px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6p_204\" style=\"left:828px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:831px;bottom:460px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6r_204\" style=\"left:303px;bottom:442px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t6s_204\" style=\"left:372px;bottom:442px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6t_204\" style=\"left:463px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6u_204\" style=\"left:528px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6v_204\" style=\"left:589px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6w_204\" style=\"left:628px;bottom:442px;letter-spacing:-0.08px;display:inline;\">2,336 </div><div class=\"t s8_204\" id=\"t6x_204\" style=\"left:707px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6y_204\" style=\"left:710px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6z_204\" style=\"left:763px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t70_204\" style=\"left:766px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t71_204\" style=\"left:828px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t72_204\" style=\"left:831px;bottom:442px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t73_204\" style=\"left:43px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t sa_204\" id=\"t74_204\" style=\"left:43px;bottom:410px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t75_204\" style=\"left:325px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t76_204\" style=\"left:328px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t77_204\" style=\"left:395px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t78_204\" style=\"left:398px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t79_204\" style=\"left:460px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7a_204\" style=\"left:463px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7b_204\" style=\"left:525px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7c_204\" style=\"left:528px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7d_204\" style=\"left:585px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7e_204\" style=\"left:588px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7f_204\" style=\"left:650px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7g_204\" style=\"left:653px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7h_204\" style=\"left:707px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7i_204\" style=\"left:709px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7j_204\" style=\"left:763px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7k_204\" style=\"left:766px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7l_204\" style=\"left:828px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7m_204\" style=\"left:831px;bottom:410px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t7n_204\" style=\"left:43px;bottom:391px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t7o_204\" style=\"left:329px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7p_204\" style=\"left:398px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7q_204\" style=\"left:463px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7r_204\" style=\"left:528px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7s_204\" style=\"left:584px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7t_204\" style=\"left:649px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7u_204\" style=\"left:706px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7v_204\" style=\"left:709px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7w_204\" style=\"left:763px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7x_204\" style=\"left:766px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7y_204\" style=\"left:828px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7z_204\" style=\"left:831px;bottom:391px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t80_204\" style=\"left:43px;bottom:373px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s8_204\" id=\"t81_204\" style=\"left:329px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t82_204\" style=\"left:398px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t83_204\" style=\"left:463px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t84_204\" style=\"left:528px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t85_204\" style=\"left:585px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t86_204\" style=\"left:650px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t87_204\" style=\"left:706px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t88_204\" style=\"left:709px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t89_204\" style=\"left:763px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8a_204\" style=\"left:766px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8b_204\" style=\"left:828px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8c_204\" style=\"left:831px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8d_204\" style=\"left:43px;bottom:354px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s8_204\" id=\"t8e_204\" style=\"left:329px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8f_204\" style=\"left:398px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8g_204\" style=\"left:463px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8h_204\" style=\"left:528px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8i_204\" style=\"left:570px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8j_204\" style=\"left:635px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8k_204\" style=\"left:706px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8l_204\" style=\"left:709px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8m_204\" style=\"left:763px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8n_204\" style=\"left:766px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8o_204\" style=\"left:828px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8p_204\" style=\"left:831px;bottom:354px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8q_204\" style=\"left:43px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s8_204\" id=\"t8r_204\" style=\"left:329px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8s_204\" style=\"left:398px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8t_204\" style=\"left:463px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8u_204\" style=\"left:528px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8v_204\" style=\"left:570px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8w_204\" style=\"left:635px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8x_204\" style=\"left:706px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8y_204\" style=\"left:709px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8z_204\" style=\"left:763px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t90_204\" style=\"left:766px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t91_204\" style=\"left:828px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t92_204\" style=\"left:831px;bottom:336px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t93_204\" style=\"left:43px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s8_204\" id=\"t94_204\" style=\"left:43px;bottom:304px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s8_204\" id=\"t95_204\" style=\"left:329px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t96_204\" style=\"left:398px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t97_204\" style=\"left:463px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t98_204\" style=\"left:528px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t99_204\" style=\"left:559px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s8_204\" id=\"t9a_204\" style=\"left:624px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div>\n<div class=\"t s8_204\" id=\"t9b_204\" style=\"left:43px;bottom:285px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s8_204\" id=\"t9c_204\" style=\"left:329px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9d_204\" style=\"left:398px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9e_204\" style=\"left:463px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9f_204\" style=\"left:528px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9g_204\" style=\"left:559px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9h_204\" style=\"left:624px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9i_204\" style=\"left:706px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9j_204\" style=\"left:709px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9k_204\" style=\"left:763px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9l_204\" style=\"left:766px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9m_204\" style=\"left:828px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9n_204\" style=\"left:831px;bottom:285px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t9o_204\" style=\"left:329px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9p_204\" style=\"left:398px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9q_204\" style=\"left:463px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9r_204\" style=\"left:528px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9s_204\" style=\"left:560px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9t_204\" style=\"left:625px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9u_204\" style=\"left:706px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9v_204\" style=\"left:709px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9w_204\" style=\"left:763px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9x_204\" style=\"left:766px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9y_204\" style=\"left:828px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9z_204\" style=\"left:830px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"ta0_204\" style=\"left:43px;bottom:238px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The fair value of contingent acquisition consideration is estimated using a discounted cash \ufb02ow model. The valuation model considers </div>\n<div class=\"t s8_204\" id=\"ta1_204\" style=\"left:43px;bottom:223px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">the present value of risk adjusted expected payments, discounted using a risk-free discount rate. The expected payment is determined </div>\n<div class=\"t s8_204\" id=\"ta2_204\" style=\"left:43px;bottom:208px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by considering the possible scenarios, which relate to the achievement of established milestones and targets, the amount to be paid </div>\n<div class=\"t s8_204\" id=\"ta3_204\" style=\"left:43px;bottom:192px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under each scenario and the probability of each scenario. As a result, contingent acquisition consideration is classi\ufb01ed as Level 3 within </div>\n<div class=\"t s8_204\" id=\"ta4_204\" style=\"left:43px;bottom:177px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">the fair value hierarchy. </div>\n<div class=\"t sb_204\" id=\"ta5_204\" style=\"left:43px;bottom:11px;letter-spacing:-1.1px;display:inline;\">202 </div><div class=\"t sc_204\" id=\"ta6_204\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_204\" id=\"ta7_204\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_205\" id=\"t1_205\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The fair value of investments is based upon third-party pricing models for share issues. As a result, investments are considered Level 3 </div>\n<div class=\"t s1_205\" id=\"t2_205\" style=\"left:65px;bottom:943px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">in\u00a0the fair value hierarchy. </div>\n<div class=\"t s1_205\" id=\"t3_205\" style=\"left:65px;bottom:919px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The movements in 2022 and 2021 for \ufb01nancial instruments measured using Level 3 valuation methods are presented below: </div>\n<div class=\"t s2_205\" id=\"t4_205\" style=\"left:748px;bottom:896px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_205\" id=\"t5_205\" style=\"left:835px;bottom:896px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_205\" id=\"t6_205\" style=\"left:693px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t7_205\" style=\"left:695px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t8_205\" style=\"left:698px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t9_205\" style=\"left:700px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"ta_205\" style=\"left:733px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_205\" id=\"tb_205\" style=\"left:780px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tc_205\" style=\"left:782px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"td_205\" style=\"left:784px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"te_205\" style=\"left:787px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tf_205\" style=\"left:820px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_205\" id=\"tg_205\" style=\"left:69px;bottom:865px;letter-spacing:0.16px;display:inline;\">Investments </div>\n<div class=\"t s1_205\" id=\"th_205\" style=\"left:65px;bottom:846px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"ti_205\" style=\"left:758px;bottom:846px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_205\" id=\"tj_205\" style=\"left:854px;bottom:846px;display:inline;\">9 </div>\n<div class=\"t s1_205\" id=\"tk_205\" style=\"left:65px;bottom:828px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s4_205\" id=\"tl_205\" style=\"left:766px;bottom:828px;display:inline;\">2 </div><div class=\"t s1_205\" id=\"tm_205\" style=\"left:854px;bottom:828px;display:inline;\">2 </div>\n<div class=\"t s1_205\" id=\"tn_205\" style=\"left:65px;bottom:809px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s4_205\" id=\"to_205\" style=\"left:767px;bottom:809px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tp_205\" style=\"left:851px;bottom:809px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_205\" id=\"tq_205\" style=\"left:65px;bottom:791px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"tr_205\" style=\"left:758px;bottom:791px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s1_205\" id=\"ts_205\" style=\"left:846px;bottom:791px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_205\" id=\"tt_205\" style=\"left:69px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Contingent consideration receivable </div>\n<div class=\"t s1_205\" id=\"tu_205\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"tv_205\" style=\"left:758px;bottom:736px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"tw_205\" style=\"left:846px;bottom:736px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s1_205\" id=\"tx_205\" style=\"left:65px;bottom:717px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"ty_205\" style=\"left:767px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tz_205\" style=\"left:854px;bottom:717px;display:inline;\">1 </div>\n<div class=\"t s1_205\" id=\"t10_205\" style=\"left:65px;bottom:699px;letter-spacing:0.17px;display:inline;\">Receipts </div><div class=\"t s4_205\" id=\"t11_205\" style=\"left:762px;bottom:699px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s1_205\" id=\"t12_205\" style=\"left:843px;bottom:699px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s1_205\" id=\"t13_205\" style=\"left:65px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t14_205\" style=\"left:758px;bottom:680px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s1_205\" id=\"t15_205\" style=\"left:846px;bottom:680px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s3_205\" id=\"t16_205\" style=\"left:69px;bottom:643px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Acquisition consideration liability </div>\n<div class=\"t s1_205\" id=\"t17_205\" style=\"left:65px;bottom:625px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"t18_205\" style=\"left:753px;bottom:625px;letter-spacing:-0.14px;display:inline;\">(84) </div><div class=\"t s1_205\" id=\"t19_205\" style=\"left:835px;bottom:625px;letter-spacing:-0.29px;display:inline;\">(128) </div>\n<div class=\"t s1_205\" id=\"t1a_205\" style=\"left:65px;bottom:607px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Arising on acquisitions </div><div class=\"t s4_205\" id=\"t1b_205\" style=\"left:754px;bottom:607px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s1_205\" id=\"t1c_205\" style=\"left:853px;bottom:607px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1d_205\" style=\"left:65px;bottom:588px;letter-spacing:0.19px;display:inline;\">Payments </div><div class=\"t s4_205\" id=\"t1e_205\" style=\"left:758px;bottom:588px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"t1f_205\" style=\"left:846px;bottom:588px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s1_205\" id=\"t1g_205\" style=\"left:65px;bottom:570px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"t1h_205\" style=\"left:758px;bottom:570px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t s1_205\" id=\"t1i_205\" style=\"left:846px;bottom:570px;letter-spacing:-0.59px;display:inline;\">21 </div>\n<div class=\"t s1_205\" id=\"t1j_205\" style=\"left:65px;bottom:551px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Discount unwind </div><div class=\"t s4_205\" id=\"t1k_205\" style=\"left:762px;bottom:551px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s1_205\" id=\"t1l_205\" style=\"left:853px;bottom:551px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1m_205\" style=\"left:65px;bottom:533px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t1n_205\" style=\"left:753px;bottom:533px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s1_205\" id=\"t1o_205\" style=\"left:842px;bottom:533px;letter-spacing:-0.05px;display:inline;\">(84) </div>\n<div class=\"t s5_205\" id=\"t1p_205\" style=\"left:830px;bottom:11px;letter-spacing:-0.95px;display:inline;\">203 </div><div class=\"t s6_205\" id=\"t1q_205\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_205\" id=\"t1r_205\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_205\" id=\"t1s_205\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_205\" id=\"t1t_205\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_205\" id=\"t1u_205\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_205\" id=\"t1v_205\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_206\" id=\"t1_206\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_206\" id=\"t2_206\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_206\" id=\"t3_206\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_206\" id=\"t4_206\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_206\" id=\"t5_206\" style=\"left:43px;bottom:956px;letter-spacing:-1.49px;display:inline;\">17 </div><div class=\"t s6_206\" id=\"t6_206\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;word-spacing:-0.05px;display:inline;\">Provisions and contingencies </div>\n<div class=\"t s7_206\" id=\"t7_206\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_206\" id=\"t8_206\" style=\"left:53px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">In the normal course of business the Group is involved in various legal disputes. Provisions are made for loss contingencies when it is </div>\n<div class=\"t s8_206\" id=\"t9_206\" style=\"left:53px;bottom:896px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">deemed probable that an adverse outcome will occur and the amount of the losses can be reasonably estimated. Where the Group is </div>\n<div class=\"t s8_206\" id=\"ta_206\" style=\"left:53px;bottom:881px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the plainti\ufb00 in pursuing claims against third parties, legal and associated expenses are charged to the income statement as incurred. </div>\n<div class=\"t s8_206\" id=\"tb_206\" style=\"left:53px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The recognition of provisions for legal disputes is subject to a signi\ufb01cant degree of estimation. In making its estimates, management </div>\n<div class=\"t s8_206\" id=\"tc_206\" style=\"left:53px;bottom:850px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">takes into account the advice of internal and external legal counsel. Provisions are reviewed regularly and amounts updated where </div>\n<div class=\"t s8_206\" id=\"td_206\" style=\"left:53px;bottom:835px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">necessary to re\ufb02ect developments in the disputes. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s8_206\" id=\"te_206\" style=\"left:53px;bottom:820px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings or settlement negotiations or as new facts emerge. Insurance recoveries are recognised when the </div>\n<div class=\"t s8_206\" id=\"tf_206\" style=\"left:53px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">in\ufb02ow of bene\ufb01ts is virtually certain and are presented within other receivables. </div>\n<div class=\"t s8_206\" id=\"tg_206\" style=\"left:53px;bottom:781px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A provision for onerous contracts is recognised when the expected bene\ufb01ts to be derived by the Group from a contract are lower </div>\n<div class=\"t s8_206\" id=\"th_206\" style=\"left:53px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">than\u00a0the unavoidable cost of meeting its obligations under the contract. </div>\n<div class=\"t s8_206\" id=\"ti_206\" style=\"left:53px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">A provision for rationalisation is recognised when the Group has approved a detailed and formal restructuring plan and the </div>\n<div class=\"t s8_206\" id=\"tj_206\" style=\"left:53px;bottom:726px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">restructuring either has commenced or has been announced publicly. Future operating losses are not provided for. </div>\n<div class=\"t s9_206\" id=\"tk_206\" style=\"left:43px;bottom:688px;letter-spacing:-1.14px;display:inline;\">17.1 </div><div class=\"t sa_206\" id=\"tl_206\" style=\"left:72px;bottom:688px;letter-spacing:-0.19px;display:inline;\">Provisions </div>\n<div class=\"t sb_206\" id=\"tm_206\" style=\"left:463px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tn_206\" style=\"left:466px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"to_206\" style=\"left:480px;bottom:666px;letter-spacing:-0.09px;display:inline;\">Rationalisation </div><div class=\"t sb_206\" id=\"tp_206\" style=\"left:561px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tq_206\" style=\"left:656px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tr_206\" style=\"left:669px;bottom:666px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">Legal\u00a0and\u00a0other </div><div class=\"t sb_206\" id=\"ts_206\" style=\"left:752px;bottom:666px;display:inline;\">\u00a0</div>\n<div class=\"t sb_206\" id=\"tt_206\" style=\"left:504px;bottom:654px;letter-spacing:-0.07px;display:inline;\">provisions </div><div class=\"t sb_206\" id=\"tu_206\" style=\"left:570px;bottom:654px;letter-spacing:-0.05px;display:inline;\">Metal-on-metal </div><div class=\"t sb_206\" id=\"tv_206\" style=\"left:695px;bottom:654px;letter-spacing:-0.07px;display:inline;\">provisions </div><div class=\"t sb_206\" id=\"tw_206\" style=\"left:815px;bottom:654px;letter-spacing:-0.27px;display:inline;\">Total </div>\n<div class=\"t sb_206\" id=\"tx_206\" style=\"left:368px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"ty_206\" style=\"left:370px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tz_206\" style=\"left:373px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t10_206\" style=\"left:375px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t11_206\" style=\"left:466px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t12_206\" style=\"left:468px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t13_206\" style=\"left:470px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t14_206\" style=\"left:512px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t15_206\" style=\"left:561px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t16_206\" style=\"left:563px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t17_206\" style=\"left:566px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t18_206\" style=\"left:607px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t19_206\" style=\"left:656px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1a_206\" style=\"left:659px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1b_206\" style=\"left:661px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1c_206\" style=\"left:703px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t1d_206\" style=\"left:752px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1e_206\" style=\"left:754px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1f_206\" style=\"left:756px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1g_206\" style=\"left:798px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sc_206\" id=\"t1h_206\" style=\"left:43px;bottom:622px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sc_206\" id=\"t1i_206\" style=\"left:539px;bottom:622px;letter-spacing:-0.26px;display:inline;\">29 </div><div class=\"t sc_206\" id=\"t1j_206\" style=\"left:626px;bottom:622px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t sc_206\" id=\"t1k_206\" style=\"left:729px;bottom:622px;letter-spacing:-0.59px;display:inline;\">52 </div><div class=\"t sc_206\" id=\"t1l_206\" style=\"left:818px;bottom:622px;letter-spacing:-0.93px;display:inline;\">417 </div>\n<div class=\"t sc_206\" id=\"t1m_206\" style=\"left:43px;bottom:603px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Charge to income statement </div><div class=\"t sc_206\" id=\"t1n_206\" style=\"left:531px;bottom:603px;letter-spacing:-0.37px;display:inline;\">115 </div><div class=\"t sc_206\" id=\"t1o_206\" style=\"left:641px;bottom:603px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1p_206\" style=\"left:729px;bottom:603px;letter-spacing:-0.2px;display:inline;\">13 </div><div class=\"t sc_206\" id=\"t1q_206\" style=\"left:817px;bottom:603px;letter-spacing:-0.4px;display:inline;\">128 </div>\n<div class=\"t sc_206\" id=\"t1r_206\" style=\"left:43px;bottom:585px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Release to income statement </div><div class=\"t sc_206\" id=\"t1s_206\" style=\"left:542px;bottom:585px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sc_206\" id=\"t1t_206\" style=\"left:641px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1u_206\" style=\"left:734px;bottom:585px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sc_206\" id=\"t1v_206\" style=\"left:828px;bottom:585px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t sc_206\" id=\"t1w_206\" style=\"left:43px;bottom:566px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t sc_206\" id=\"t1x_206\" style=\"left:546px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1y_206\" style=\"left:642px;bottom:566px;display:inline;\">8 </div><div class=\"t sc_206\" id=\"t1z_206\" style=\"left:736px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t20_206\" style=\"left:832px;bottom:566px;display:inline;\">8 </div>\n<div class=\"t sc_206\" id=\"t21_206\" style=\"left:43px;bottom:548px;letter-spacing:0.14px;display:inline;\">Utilised </div><div class=\"t sc_206\" id=\"t22_206\" style=\"left:528px;bottom:548px;letter-spacing:-0.35px;display:inline;\">(124) </div><div class=\"t sc_206\" id=\"t23_206\" style=\"left:630px;bottom:548px;letter-spacing:-0.07px;display:inline;\">(55) </div><div class=\"t sc_206\" id=\"t24_206\" style=\"left:725px;bottom:548px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t sc_206\" id=\"t25_206\" style=\"left:814px;bottom:548px;letter-spacing:-0.38px;display:inline;\">(192) </div>\n<div class=\"t sc_206\" id=\"t26_206\" style=\"left:43px;bottom:530px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sc_206\" id=\"t27_206\" style=\"left:546px;bottom:530px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t28_206\" style=\"left:641px;bottom:530px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t29_206\" style=\"left:734px;bottom:530px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sc_206\" id=\"t2a_206\" style=\"left:829px;bottom:530px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t sc_206\" id=\"t2b_206\" style=\"left:43px;bottom:511px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sc_206\" id=\"t2c_206\" style=\"left:539px;bottom:511px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t2d_206\" style=\"left:626px;bottom:511px;letter-spacing:-0.31px;display:inline;\">289 </div><div class=\"t sc_206\" id=\"t2e_206\" style=\"left:729px;bottom:511px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t sc_206\" id=\"t2f_206\" style=\"left:817px;bottom:511px;letter-spacing:-0.36px;display:inline;\">357 </div>\n<div class=\"t sc_206\" id=\"t2g_206\" style=\"left:43px;bottom:493px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Charge to income statement </div><div class=\"t sd_206\" id=\"t2h_206\" style=\"left:529px;bottom:493px;letter-spacing:-0.42px;display:inline;\">169 </div><div class=\"t sd_206\" id=\"t2i_206\" style=\"left:633px;bottom:493px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t sd_206\" id=\"t2j_206\" style=\"left:728px;bottom:493px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t sd_206\" id=\"t2k_206\" style=\"left:815px;bottom:493px;letter-spacing:-0.26px;display:inline;\">207 </div>\n<div class=\"t sc_206\" id=\"t2l_206\" style=\"left:43px;bottom:474px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Release to income statement </div><div class=\"t sd_206\" id=\"t2m_206\" style=\"left:541px;bottom:474px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sd_206\" id=\"t2n_206\" style=\"left:642px;bottom:474px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2o_206\" style=\"left:731px;bottom:474px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sd_206\" id=\"t2p_206\" style=\"left:826px;bottom:474px;letter-spacing:0.1px;display:inline;\">(7) </div>\n<div class=\"t sc_206\" id=\"t2q_206\" style=\"left:43px;bottom:456px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t sd_206\" id=\"t2r_206\" style=\"left:546px;bottom:456px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2s_206\" style=\"left:641px;bottom:456px;display:inline;\">7 </div><div class=\"t sd_206\" id=\"t2t_206\" style=\"left:737px;bottom:456px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2u_206\" style=\"left:831px;bottom:456px;display:inline;\">7 </div>\n<div class=\"t sc_206\" id=\"t2v_206\" style=\"left:43px;bottom:437px;letter-spacing:0.14px;display:inline;\">Utilised </div><div class=\"t sd_206\" id=\"t2w_206\" style=\"left:524px;bottom:437px;letter-spacing:-0.22px;display:inline;\">(154) </div><div class=\"t sd_206\" id=\"t2x_206\" style=\"left:628px;bottom:437px;letter-spacing:-0.2px;display:inline;\">(76) </div><div class=\"t sd_206\" id=\"t2y_206\" style=\"left:731px;bottom:437px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sd_206\" id=\"t2z_206\" style=\"left:810px;bottom:437px;letter-spacing:-0.13px;display:inline;\">(236) </div>\n<div class=\"t sc_206\" id=\"t30_206\" style=\"left:43px;bottom:419px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sd_206\" id=\"t31_206\" style=\"left:541px;bottom:419px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sd_206\" id=\"t32_206\" style=\"left:642px;bottom:419px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t33_206\" style=\"left:737px;bottom:419px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t34_206\" style=\"left:827px;bottom:419px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t se_206\" id=\"t35_206\" style=\"left:48px;bottom:401px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sd_206\" id=\"t36_206\" style=\"left:537px;bottom:401px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t37_206\" style=\"left:624px;bottom:401px;letter-spacing:-0.25px;display:inline;\">239 </div><div class=\"t sd_206\" id=\"t38_206\" style=\"left:728px;bottom:401px;letter-spacing:-0.2px;display:inline;\">58 </div><div class=\"t sd_206\" id=\"t39_206\" style=\"left:815px;bottom:401px;letter-spacing:-0.5px;display:inline;\">327 </div>\n<div class=\"t sc_206\" id=\"t3a_206\" style=\"left:43px;bottom:382px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Provisions\u00a0\u2013 due within one\u00a0year </div><div class=\"t sd_206\" id=\"t3b_206\" style=\"left:537px;bottom:382px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t3c_206\" style=\"left:625px;bottom:382px;letter-spacing:-0.39px;display:inline;\">165 </div><div class=\"t sd_206\" id=\"t3d_206\" style=\"left:728px;bottom:382px;letter-spacing:-0.01px;display:inline;\">48 </div><div class=\"t sd_206\" id=\"t3e_206\" style=\"left:815px;bottom:382px;letter-spacing:-0.24px;display:inline;\">243 </div>\n<div class=\"t sc_206\" id=\"t3f_206\" style=\"left:43px;bottom:364px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Provisions\u00a0\u2013 due a\ufb05er one\u00a0year </div><div class=\"t sd_206\" id=\"t3g_206\" style=\"left:546px;bottom:364px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t3h_206\" style=\"left:633px;bottom:364px;letter-spacing:-1.09px;display:inline;\">74 </div><div class=\"t sd_206\" id=\"t3i_206\" style=\"left:728px;bottom:364px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t sd_206\" id=\"t3j_206\" style=\"left:823px;bottom:364px;letter-spacing:0.04px;display:inline;\">84 </div>\n<div class=\"t se_206\" id=\"t3k_206\" style=\"left:48px;bottom:345px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sd_206\" id=\"t3l_206\" style=\"left:537px;bottom:345px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t3m_206\" style=\"left:624px;bottom:345px;letter-spacing:-0.25px;display:inline;\">239 </div><div class=\"t sd_206\" id=\"t3n_206\" style=\"left:728px;bottom:345px;letter-spacing:-0.2px;display:inline;\">58 </div><div class=\"t sd_206\" id=\"t3o_206\" style=\"left:815px;bottom:345px;letter-spacing:-0.5px;display:inline;\">327 </div>\n<div class=\"t sc_206\" id=\"t3p_206\" style=\"left:43px;bottom:327px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Provisions\u00a0\u2013 due within one\u00a0year </div><div class=\"t sc_206\" id=\"t3q_206\" style=\"left:539px;bottom:327px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t3r_206\" style=\"left:626px;bottom:327px;letter-spacing:-0.33px;display:inline;\">263 </div><div class=\"t sc_206\" id=\"t3s_206\" style=\"left:730px;bottom:327px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t sc_206\" id=\"t3t_206\" style=\"left:817px;bottom:327px;letter-spacing:-0.45px;display:inline;\">322 </div>\n<div class=\"t sc_206\" id=\"t3u_206\" style=\"left:43px;bottom:308px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Provisions\u00a0\u2013 due a\ufb05er one\u00a0year </div><div class=\"t sc_206\" id=\"t3v_206\" style=\"left:546px;bottom:308px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t3w_206\" style=\"left:634px;bottom:308px;letter-spacing:-0.47px;display:inline;\">26 </div><div class=\"t sc_206\" id=\"t3x_206\" style=\"left:737px;bottom:308px;display:inline;\">9 </div><div class=\"t sc_206\" id=\"t3y_206\" style=\"left:824px;bottom:308px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t sc_206\" id=\"t3z_206\" style=\"left:43px;bottom:290px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sc_206\" id=\"t40_206\" style=\"left:539px;bottom:290px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t41_206\" style=\"left:626px;bottom:290px;letter-spacing:-0.31px;display:inline;\">289 </div><div class=\"t sc_206\" id=\"t42_206\" style=\"left:729px;bottom:290px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t sc_206\" id=\"t43_206\" style=\"left:817px;bottom:290px;letter-spacing:-0.36px;display:inline;\">357 </div>\n<div class=\"t sc_206\" id=\"t44_206\" style=\"left:43px;bottom:261px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The principal elements within rationalisation provisions relate to the Operations and Commercial Excellence programme announced </div>\n<div class=\"t sc_206\" id=\"t45_206\" style=\"left:43px;bottom:246px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">in\u00a0February 2020 and the e\ufb03ciency and productivity elements of the 12-point plan. </div>\n<div class=\"t sf_206\" id=\"t46_206\" style=\"left:43px;bottom:11px;letter-spacing:-0.62px;display:inline;\">204 </div><div class=\"t sg_206\" id=\"t47_206\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_206\" id=\"t48_206\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_207\" id=\"t1_207\" style=\"left:65px;bottom:958px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">The Group has estimated a provision of $239m (2021: $289m) relating to the present value at 31 December 2022 of the estimated costs </div>\n<div class=\"t s1_207\" id=\"t2_207\" style=\"left:65px;bottom:943px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">to\u00a0resolve all other known and anticipated metal-on-metal hip claims globally. The estimated value of the provision has been determined </div>\n<div class=\"t s1_207\" id=\"t3_207\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">using an actuarial model. Given the inherent uncertainty in assumptions including sensitivity to factors such as the number, outcome </div>\n<div class=\"t s1_207\" id=\"t4_207\" style=\"left:65px;bottom:912px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and value of claims the actual costs may di\ufb00er signi\ufb01cantly from this estimate. A range of expected outcomes between the 60th and </div>\n<div class=\"t s1_207\" id=\"t5_207\" style=\"left:65px;bottom:897px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">85th percentile generated by the actuarial model would not give rise to a material adjustment. The potential for more adverse outcomes </div>\n<div class=\"t s1_207\" id=\"t6_207\" style=\"left:65px;bottom:882px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">exists and for example at the 95th percentile a charge similar to that incurred in 2019 ($121m) would be required in 2023 or therea\ufb05er. </div>\n<div class=\"t s1_207\" id=\"t7_207\" style=\"left:65px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The provision does not include any possible further insurance recoveries on these claims or legal fees associated with defending claims. </div>\n<div class=\"t s1_207\" id=\"t8_207\" style=\"left:65px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Management considered whether there had been any changes to the number and value of claims due to Covid and to date </div>\n<div class=\"t s1_207\" id=\"t9_207\" style=\"left:65px;bottom:827px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">have\u00a0not\u00a0identi\ufb01ed any changes in trends. If the experience changes in the future the value of provisions may require adjustment. </div>\n<div class=\"t s1_207\" id=\"ta_207\" style=\"left:65px;bottom:803px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The legal and other provisions mainly relate to various other product liability and intellectual property litigation matters. The Group </div>\n<div class=\"t s1_207\" id=\"tb_207\" style=\"left:65px;bottom:788px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">carries considerable product liability insurance, and will continue to defend claims vigorously. </div>\n<div class=\"t s1_207\" id=\"tc_207\" style=\"left:65px;bottom:764px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">All provisions are expected to be substantially utilised within \ufb01ve years of 31 December 2022 and none are treated as </div>\n<div class=\"t s1_207\" id=\"td_207\" style=\"left:65px;bottom:749px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">\ufb01nancial instruments. </div>\n<div class=\"t s2_207\" id=\"te_207\" style=\"left:65px;bottom:724px;letter-spacing:-1.03px;display:inline;\">17.2 </div><div class=\"t s3_207\" id=\"tf_207\" style=\"left:94px;bottom:724px;letter-spacing:-0.17px;display:inline;\">Contingencies </div>\n<div class=\"t s1_207\" id=\"tg_207\" style=\"left:65px;bottom:707px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Company and its subsidiaries are party to various legal proceedings, some of which include claims for substantial damages. </div>\n<div class=\"t s1_207\" id=\"th_207\" style=\"left:65px;bottom:691px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The outcome of these proceedings cannot readily be foreseen, but except as described herein management believes none of them </div>\n<div class=\"t s1_207\" id=\"ti_207\" style=\"left:65px;bottom:676px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">is\u00a0likely to result in a material adverse e\ufb00ect on the \ufb01nancial position of the Group. The Group provides for outcomes that are deemed </div>\n<div class=\"t s1_207\" id=\"tj_207\" style=\"left:65px;bottom:661px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to be probable and can be reliably estimated. There is no assurance that losses will not exceed provisions or will not have a signi\ufb01cant </div>\n<div class=\"t s1_207\" id=\"tk_207\" style=\"left:65px;bottom:646px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">impact on the Group\u2019s results of operations in the period in which they are realised. </div>\n<div class=\"t s2_207\" id=\"tl_207\" style=\"left:65px;bottom:621px;letter-spacing:-0.98px;display:inline;\">17.3 </div><div class=\"t s3_207\" id=\"tm_207\" style=\"left:94px;bottom:621px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Legal proceedings </div>\n<div class=\"t s4_207\" id=\"tn_207\" style=\"left:65px;bottom:603px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Product liability claims </div>\n<div class=\"t s1_207\" id=\"to_207\" style=\"left:65px;bottom:585px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group faces claims from time to time for alleged defects in its products and has on occasion recalled or withdrawn products from </div>\n<div class=\"t s1_207\" id=\"tp_207\" style=\"left:65px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">the market. Such claims are endemic to the medical device industry. The Group maintains product liability insurance subject to limits </div>\n<div class=\"t s1_207\" id=\"tq_207\" style=\"left:65px;bottom:555px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and deductibles that management believes are reasonable. All policies contain exclusions and limitations, however, and there can be </div>\n<div class=\"t s1_207\" id=\"tr_207\" style=\"left:65px;bottom:540px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">no\u00a0assurance that insurance will be available or adequate to cover all claims. </div>\n<div class=\"t s1_207\" id=\"ts_207\" style=\"left:65px;bottom:516px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">This includes matters raising concerns about possible adverse e\ufb00ects of hip implant products with metal-on-metal (MoM) bearing </div>\n<div class=\"t s1_207\" id=\"tt_207\" style=\"left:65px;bottom:500px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">surfaces for which the Group has incurred and will continue to incur expenses to defend claims in this area. </div>\n<div class=\"t s1_207\" id=\"tu_207\" style=\"left:65px;bottom:476px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">As of December 2022, approximately 1,160 such claims were pending with the Group around the world. This includes approximately </div>\n<div class=\"t s1_207\" id=\"tv_207\" style=\"left:65px;bottom:461px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">720\u00a0cases associated with a Multidistrict Litigation (MDL) pending in Baltimore, Maryland due to a 5 April 2017 court order consolidating </div>\n<div class=\"t s1_207\" id=\"tw_207\" style=\"left:65px;bottom:446px;letter-spacing:0.08px;word-spacing:-0.09px;display:inline;\">Smith+Nephew Birmingham Hip </div>\n<div class=\"t s5_207\" id=\"tx_207\" style=\"left:251px;bottom:453px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"ty_207\" style=\"left:258px;bottom:446px;letter-spacing:0.12px;word-spacing:-0.15px;display:inline;\">Resurfacing (BHR </div>\n<div class=\"t s5_207\" id=\"tz_207\" style=\"left:360px;bottom:453px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"t10_207\" style=\"left:364px;bottom:446px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">) cases pending or later \ufb01led in US federal court for pre-trial proceedings. Most claims </div>\n<div class=\"t s1_207\" id=\"t11_207\" style=\"left:65px;bottom:431px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">relate to the Group\u2019s BHR product, including its two modular metal-on-metal components: the Birmingham Hip Modular Head (BHMH) </div>\n<div class=\"t s1_207\" id=\"t12_207\" style=\"left:65px;bottom:415px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">and the optional metal liner component of the R3 </div>\n<div class=\"t s5_207\" id=\"t13_207\" style=\"left:354px;bottom:422px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"t14_207\" style=\"left:362px;bottom:415px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Acetabular System (R3ML). The BHMH and R3ML are no longer on the market: the </div>\n<div class=\"t s1_207\" id=\"t15_207\" style=\"left:65px;bottom:400px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">R3ML was withdrawn in 2012 and the BHMH was phased out in 2014. In 2015, the Group ceased o\ufb00ering smaller sizes of the BHR and </div>\n<div class=\"t s1_207\" id=\"t16_207\" style=\"left:65px;bottom:385px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">restricted instructions for BHR use in female patients. These actions were taken to ensure that the BHR is used only in those patient </div>\n<div class=\"t s1_207\" id=\"t17_207\" style=\"left:65px;bottom:370px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">groups where it continues to demonstrate strong performance. </div>\n<div class=\"t s1_207\" id=\"t18_207\" style=\"left:65px;bottom:346px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">Through the end of 2022, entities of the Group have entered into several group, as well as individual, MoM related settlements without </div>\n<div class=\"t s1_207\" id=\"t19_207\" style=\"left:65px;bottom:330px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">admitting liability. The Group requested indemnity from its product liability insurers for most of these MoM hip implant settlements </div>\n<div class=\"t s1_207\" id=\"t1a_207\" style=\"left:65px;bottom:315px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0insurers have indemni\ufb01ed the Group to the limits of their respective applicable policies. </div>\n<div class=\"t s1_207\" id=\"t1b_207\" style=\"left:65px;bottom:291px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Litigation outcomes are di\ufb03cult to predict and defence costs can be signi\ufb01cant. The Group takes care to monitor the clinical evidence </div>\n<div class=\"t s1_207\" id=\"t1c_207\" style=\"left:65px;bottom:276px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">relating to its products, including its metal hip implant products, to help ensure that its product o\ufb00erings are designed to serve </div>\n<div class=\"t s1_207\" id=\"t1d_207\" style=\"left:65px;bottom:261px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">patients\u2019\u00a0interests. </div>\n<div class=\"t s6_207\" id=\"t1e_207\" style=\"left:829px;bottom:11px;letter-spacing:-0.71px;display:inline;\">205 </div><div class=\"t s7_207\" id=\"t1f_207\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_207\" id=\"t1g_207\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_207\" id=\"t1h_207\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_207\" id=\"t1i_207\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_207\" id=\"t1j_207\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_207\" id=\"t1k_207\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_208\" id=\"t1_208\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_208\" id=\"t2_208\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_208\" id=\"t3_208\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_208\" id=\"t4_208\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_208\" id=\"t5_208\" style=\"left:43px;bottom:956px;letter-spacing:-1.49px;display:inline;\">17 </div><div class=\"t s6_208\" id=\"t6_208\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;word-spacing:-0.05px;display:inline;\">Provisions and contingencies </div><div class=\"t s7_208\" id=\"t7_208\" style=\"left:264px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_208\" id=\"t8_208\" style=\"left:43px;bottom:938px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Intellectual property disputes </div>\n<div class=\"t s9_208\" id=\"t9_208\" style=\"left:43px;bottom:921px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The Group engages, as both plainti\ufb00 and defendant, in litigation with various competitors and others over claims of patent infringement </div>\n<div class=\"t s9_208\" id=\"ta_208\" style=\"left:43px;bottom:906px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and other intellectual property matters. These disputes are heard in courts in the US and other jurisdictions and also before agencies </div>\n<div class=\"t s9_208\" id=\"tb_208\" style=\"left:43px;bottom:890px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">that examine patents. Outcomes are rarely certain and costs are o\ufb05en signi\ufb01cant. </div>\n<div class=\"t s9_208\" id=\"tc_208\" style=\"left:43px;bottom:867px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Arthrex asserted suture anchor patents against Smith+Nephew in 2014 and 2015 in the US District Court for the Eastern District of </div>\n<div class=\"t s9_208\" id=\"td_208\" style=\"left:43px;bottom:851px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Texas. In February 2017, the parties reached a settlement resulting in the dismissal of all patent litigation. Smith+Nephew agreed to pay </div>\n<div class=\"t s9_208\" id=\"te_208\" style=\"left:43px;bottom:836px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">additional payments contingent on the outcome of patent validity proceedings pending at the US Patent &amp; Trademark O\ufb03ce. In August </div>\n<div class=\"t s9_208\" id=\"tf_208\" style=\"left:43px;bottom:821px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">2019, the Court of Appeals for the Federal Circuit a\ufb03rmed US Patent &amp; Trademark O\ufb03ce ruling invalidating one of the asserted Arthrex </div>\n<div class=\"t s9_208\" id=\"tg_208\" style=\"left:43px;bottom:805px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">patents. In October 2019, the Court of Appeals for the Federal Circuit vacated an earlier US Patent &amp; Trademark O\ufb03ce ruling invalidating </div>\n<div class=\"t s9_208\" id=\"th_208\" style=\"left:43px;bottom:790px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">the other asserted Arthrex patent. The United States Supreme Court granted certiorari. The Supreme Court ruling allowed Arthrex </div>\n<div class=\"t s9_208\" id=\"ti_208\" style=\"left:43px;bottom:775px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to petition the Director of the US Patent &amp; Trademark O\ufb03ce to review the decision invalidating the second asserted Arthrex patent. </div>\n<div class=\"t s9_208\" id=\"tj_208\" style=\"left:43px;bottom:760px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">The US\u00a0Patent &amp; Trademark O\ufb03ce declined Arthrex\u2019s rehearing request in October 2021. In May 2022, the Court of Appeals for the </div>\n<div class=\"t s9_208\" id=\"tk_208\" style=\"left:43px;bottom:744px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Federal Circuit a\ufb03rmed the US Patent &amp; Trademark O\ufb03ce\u2019s invalidity ruling and its denial of Arthrex\u2019s rehearing request. Arthrex has </div>\n<div class=\"t s9_208\" id=\"tl_208\" style=\"left:43px;bottom:729px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">petitioned the United States Supreme Court to review the US Patent &amp; Trademark O\ufb03ce\u2019s denial of Arthrex\u2019s rehearing request. </div>\n<div class=\"t sa_208\" id=\"tm_208\" style=\"left:43px;bottom:704px;letter-spacing:-1.08px;display:inline;\">17.4 </div><div class=\"t sb_208\" id=\"tn_208\" style=\"left:72px;bottom:704px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Tax matters </div>\n<div class=\"t s9_208\" id=\"to_208\" style=\"left:43px;bottom:687px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">At any given time the Group has unagreed years outstanding in various countries and is involved in tax audits and disputes, some of </div>\n<div class=\"t s9_208\" id=\"tp_208\" style=\"left:43px;bottom:672px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">which may take several years to resolve. Provisions are based on best estimates and management\u2019s judgements concerning the likely </div>\n<div class=\"t s9_208\" id=\"tq_208\" style=\"left:43px;bottom:657px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">ultimate outcome of any audit or dispute. Management considers the speci\ufb01c circumstances of each tax position and takes external </div>\n<div class=\"t s9_208\" id=\"tr_208\" style=\"left:43px;bottom:641px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">advice, where appropriate, to assess the range of potential outcomes and estimate additional tax that may be due. The Group believes </div>\n<div class=\"t s9_208\" id=\"ts_208\" style=\"left:43px;bottom:626px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">that it has made adequate provision in respect of additional tax liabilities that may arise. See Note 5 for further details. </div>\n<div class=\"t s5_208\" id=\"tt_208\" style=\"left:43px;bottom:599px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_208\" id=\"tu_208\" style=\"left:65px;bottom:599px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div>\n<div class=\"t s8_208\" id=\"tv_208\" style=\"left:53px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_208\" id=\"tw_208\" style=\"left:53px;bottom:555px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t plans in a number of countries. A de\ufb01ned bene\ufb01t pension plan de\ufb01nes an amount of pension </div>\n<div class=\"t sc_208\" id=\"tx_208\" style=\"left:53px;bottom:539px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">bene\ufb01t that an employee will receive on retirement or a minimum guaranteed return on contributions, which is dependent on various </div>\n<div class=\"t sc_208\" id=\"ty_208\" style=\"left:53px;bottom:524px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">factors such as age, years of service and \ufb01nal salary. The Group\u2019s obligation is calculated separately for each plan by discounting </div>\n<div class=\"t sc_208\" id=\"tz_208\" style=\"left:53px;bottom:509px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the\u00a0estimated future bene\ufb01t that employees have\u00a0earned in return for their service in the current and prior periods. The fair value </div>\n<div class=\"t sc_208\" id=\"t10_208\" style=\"left:53px;bottom:494px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">of\u00a0any plan assets is deducted to arrive at the net liability. </div>\n<div class=\"t sc_208\" id=\"t11_208\" style=\"left:53px;bottom:470px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is performed annually by external actuaries using the projected unit credit method. </div>\n<div class=\"t sc_208\" id=\"t12_208\" style=\"left:53px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Remeasurements arising from de\ufb01ned bene\ufb01t plans comprise actuarial gains and losses and the return on the plan assets in excess </div>\n<div class=\"t sc_208\" id=\"t13_208\" style=\"left:53px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of the discount rate net of the costs of\u00a0managing the plan assets. The Group recognises these immediately in other comprehensive </div>\n<div class=\"t sc_208\" id=\"t14_208\" style=\"left:53px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">income (OCI) and all other expenses, such as service cost, net interest cost, administration costs and taxes, are recognised in the </div>\n<div class=\"t sc_208\" id=\"t15_208\" style=\"left:53px;bottom:409px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">income statement. </div>\n<div class=\"t sc_208\" id=\"t16_208\" style=\"left:53px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of key assumptions are made when calculating the fair value of the Group\u2019s de\ufb01ned bene\ufb01t pension plans. These </div>\n<div class=\"t sc_208\" id=\"t17_208\" style=\"left:53px;bottom:369px;word-spacing:-0.11px;display:inline;\">assumptions impact the balance sheet asset and liabilities, operating pro\ufb01t, \ufb01nance income/costs and other comprehensive income. </div>\n<div class=\"t sc_208\" id=\"t18_208\" style=\"left:53px;bottom:354px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The most critical assumptions are the discount rate, the rate of in\ufb02ation and mortality assumptions to be applied to future pension </div>\n<div class=\"t sc_208\" id=\"t19_208\" style=\"left:53px;bottom:339px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">plan liabilities. The discount rate is based on the yield at the reporting date on bonds that have a credit rating of AA, denominated </div>\n<div class=\"t sc_208\" id=\"t1a_208\" style=\"left:53px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in the currency in which the bene\ufb01ts are expected to be paid and have a maturity pro\ufb01le approximately the same as the\u00a0Group\u2019s </div>\n<div class=\"t sc_208\" id=\"t1b_208\" style=\"left:53px;bottom:308px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">obligations. In determining these assumptions management takes into account the advice of professional external actuaries </div>\n<div class=\"t sc_208\" id=\"t1c_208\" style=\"left:53px;bottom:293px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">and\u00a0benchmarks its assumptions against external data. </div>\n<div class=\"t sc_208\" id=\"t1d_208\" style=\"left:53px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group determines the net interest expense/income on the net de\ufb01ned bene\ufb01t liability/asset for the period by applying the </div>\n<div class=\"t sc_208\" id=\"t1e_208\" style=\"left:53px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">discount rate used to\u00a0measure the de\ufb01ned bene\ufb01t obligation at the beginning of the annual period to the net de\ufb01ned bene\ufb01t </div>\n<div class=\"t sc_208\" id=\"t1f_208\" style=\"left:53px;bottom:238px;letter-spacing:0.09px;display:inline;\">liability/asset. </div>\n<div class=\"t sc_208\" id=\"t1g_208\" style=\"left:53px;bottom:215px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group also operates a number of de\ufb01ned contribution plans. A de\ufb01ned contribution plan is a pension plan under which the </div>\n<div class=\"t sc_208\" id=\"t1h_208\" style=\"left:53px;bottom:199px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0and employees pay \ufb01xed contributions to a third-party \ufb01nancial provider. The Group has no further payment obligations </div>\n<div class=\"t sc_208\" id=\"t1i_208\" style=\"left:53px;bottom:184px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">once\u00a0the contributions have\u00a0been\u00a0paid. Contributions are recognised as an employee bene\ufb01t expense when they are due. </div>\n<div class=\"t sd_208\" id=\"t1j_208\" style=\"left:43px;bottom:11px;letter-spacing:-0.58px;display:inline;\">206 </div><div class=\"t se_208\" id=\"t1k_208\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sf_208\" id=\"t1l_208\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_209\" id=\"t1_209\" style=\"left:65px;bottom:957px;letter-spacing:-0.41px;display:inline;\">18.1 </div><div class=\"t s2_209\" id=\"t2_209\" style=\"left:96px;bottom:957px;letter-spacing:-0.2px;word-spacing:-0.05px;display:inline;\">Retirement bene\ufb01t net assets/(obligations) </div>\n<div class=\"t s3_209\" id=\"t3_209\" style=\"left:65px;bottom:940px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group\u2019s retirement bene\ufb01t assets/(obligations) comprise: </div>\n<div class=\"t s4_209\" id=\"t4_209\" style=\"left:693px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t5_209\" style=\"left:695px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t6_209\" style=\"left:748px;bottom:918px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s4_209\" id=\"t7_209\" style=\"left:782px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t8_209\" style=\"left:835px;bottom:918px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s4_209\" id=\"t9_209\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"ta_209\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tb_209\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tc_209\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"td_209\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s4_209\" id=\"te_209\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tf_209\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tg_209\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"th_209\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"ti_209\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_209\" id=\"tj_209\" style=\"left:65px;bottom:886px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Funded plans: </div><div class=\"t s5_209\" id=\"tk_209\" style=\"left:764px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_209\" id=\"tl_209\" style=\"left:766px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"tm_209\" style=\"left:850px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"tn_209\" style=\"left:853px;bottom:886px;display:inline;\">\u00a0</div>\n<div class=\"t s3_209\" id=\"to_209\" style=\"left:78px;bottom:868px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div><div class=\"t s5_209\" id=\"tp_209\" style=\"left:750px;bottom:868px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t s3_209\" id=\"tq_209\" style=\"left:839px;bottom:868px;letter-spacing:-0.34px;display:inline;\">137 </div>\n<div class=\"t s3_209\" id=\"tr_209\" style=\"left:78px;bottom:849px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">US Plan </div><div class=\"t s5_209\" id=\"ts_209\" style=\"left:758px;bottom:849px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t s3_209\" id=\"tt_209\" style=\"left:846px;bottom:849px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t s3_209\" id=\"tu_209\" style=\"left:78px;bottom:831px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Other plans </div><div class=\"t s5_209\" id=\"tv_209\" style=\"left:762px;bottom:831px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_209\" id=\"tw_209\" style=\"left:843px;bottom:831px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s5_209\" id=\"tx_209\" style=\"left:750px;bottom:812px;letter-spacing:-0.24px;display:inline;\">133 </div><div class=\"t s3_209\" id=\"ty_209\" style=\"left:839px;bottom:812px;letter-spacing:-0.38px;display:inline;\">159 </div>\n<div class=\"t s3_209\" id=\"tz_209\" style=\"left:65px;bottom:794px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Unfunded plans: </div><div class=\"t s5_209\" id=\"t10_209\" style=\"left:764px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s5_209\" id=\"t11_209\" style=\"left:766px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"t12_209\" style=\"left:850px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"t13_209\" style=\"left:853px;bottom:794px;display:inline;\">\u00a0</div>\n<div class=\"t s3_209\" id=\"t14_209\" style=\"left:78px;bottom:776px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Other plans </div><div class=\"t s5_209\" id=\"t15_209\" style=\"left:754px;bottom:776px;letter-spacing:-0.36px;display:inline;\">(52) </div><div class=\"t s3_209\" id=\"t16_209\" style=\"left:843px;bottom:776px;letter-spacing:-0.42px;display:inline;\">(91) </div>\n<div class=\"t s3_209\" id=\"t17_209\" style=\"left:78px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Retirement healthcare </div><div class=\"t s5_209\" id=\"t18_209\" style=\"left:753px;bottom:757px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t s3_209\" id=\"t19_209\" style=\"left:842px;bottom:757px;letter-spacing:-0.21px;display:inline;\">(13) </div>\n<div class=\"t s5_209\" id=\"t1a_209\" style=\"left:758px;bottom:739px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t s3_209\" id=\"t1b_209\" style=\"left:846px;bottom:739px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t s3_209\" id=\"t1c_209\" style=\"left:65px;bottom:720px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 liability </div><div class=\"t s5_209\" id=\"t1d_209\" style=\"left:753px;bottom:720px;letter-spacing:-0.14px;display:inline;\">(70) </div><div class=\"t s3_209\" id=\"t1e_209\" style=\"left:835px;bottom:720px;letter-spacing:-0.18px;display:inline;\">(127) </div>\n<div class=\"t s3_209\" id=\"t1f_209\" style=\"left:65px;bottom:702px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 asset </div><div class=\"t s5_209\" id=\"t1g_209\" style=\"left:750px;bottom:702px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t s3_209\" id=\"t1h_209\" style=\"left:839px;bottom:702px;letter-spacing:-0.42px;display:inline;\">182 </div>\n<div class=\"t s3_209\" id=\"t1i_209\" style=\"left:65px;bottom:673px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t pension plans for its employees or former employees in 14 countries and these are established </div>\n<div class=\"t s3_209\" id=\"t1j_209\" style=\"left:65px;bottom:658px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under the laws of the relevant country. Funded plans are funded by the payment of contributions and the assets are held by separate </div>\n<div class=\"t s3_209\" id=\"t1k_209\" style=\"left:65px;bottom:642px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">trust funds or insurance companies. The provision of retirement and related bene\ufb01ts across the Group is kept under regular review. </div>\n<div class=\"t s3_209\" id=\"t1l_209\" style=\"left:65px;bottom:627px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Employees\u2019 retirement bene\ufb01ts are the subject of regular management review. The Group\u2019s de\ufb01ned bene\ufb01t plans provide employees </div>\n<div class=\"t s3_209\" id=\"t1m_209\" style=\"left:65px;bottom:612px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">with an entitlement to retirement bene\ufb01ts varying between 1.3% and 66.7% of \ufb01nal salary on attainment of retirement age. The level </div>\n<div class=\"t s3_209\" id=\"t1n_209\" style=\"left:65px;bottom:597px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of\u00a0entitlement is dependent on the years of service of the employee. </div>\n<div class=\"t s3_209\" id=\"t1o_209\" style=\"left:65px;bottom:573px;letter-spacing:0.04px;word-spacing:-0.07px;display:inline;\">The Group\u2019s two major de\ufb01ned bene\ufb01t pension plans are in the UK and US. Both these plans were closed to new employees in 2003 </div>\n<div class=\"t s3_209\" id=\"t1p_209\" style=\"left:65px;bottom:557px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0de\ufb01ned contribution plans are o\ufb00ered to new joiners. The US and UK Plans were closed to future accrual in March 2014 and </div>\n<div class=\"t s3_209\" id=\"t1q_209\" style=\"left:65px;bottom:542px;letter-spacing:0.04px;display:inline;\">December 2016 respectively. </div>\n<div class=\"t s3_209\" id=\"t1r_209\" style=\"left:65px;bottom:518px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The UK Plan operates under trust law and responsibility for its governance lies with a Board of Trustees. This Board is composed of </div>\n<div class=\"t s3_209\" id=\"t1s_209\" style=\"left:65px;bottom:503px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">representatives of the Group, plan participants and an independent trustee, who act on behalf of members in accordance with the </div>\n<div class=\"t s3_209\" id=\"t1t_209\" style=\"left:65px;bottom:488px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">terms\u00a0of\u00a0the Trust Deed and Rules and relevant legislation. The UK Plan\u2019s assets are held by the trust. Annual increases on bene\ufb01ts </div>\n<div class=\"t s3_209\" id=\"t1u_209\" style=\"left:65px;bottom:472px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">in\u00a0payment are\u00a0dependent on in\ufb02ation. </div>\n<div class=\"t s3_209\" id=\"t1v_209\" style=\"left:65px;bottom:448px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The 2018 and 2020 court cases in relation to Guaranteed Minimum Pensions do not impact the UK Plan as members were not </div>\n<div class=\"t s3_209\" id=\"t1w_209\" style=\"left:65px;bottom:433px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">contracted out of\u00a0the State Earnings-Related Pension Scheme (SERPS) between 1990 and 1997. </div>\n<div class=\"t s3_209\" id=\"t1x_209\" style=\"left:65px;bottom:409px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The US Plan is governed by a US Pension Committee which comprises representatives of the Group. In the US, the Pension Protection </div>\n<div class=\"t s3_209\" id=\"t1y_209\" style=\"left:65px;bottom:394px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Act (2006) established both a minimum required contribution and a maximum deductible contribution. Failure to contribute at least </div>\n<div class=\"t s3_209\" id=\"t1z_209\" style=\"left:65px;bottom:379px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">the\u00a0minimum required amount will subject the Company to signi\ufb01cant penalties, and contributions in excess of the maximum deductible </div>\n<div class=\"t s3_209\" id=\"t20_209\" style=\"left:65px;bottom:363px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">have negative tax consequences. The minimum funding requirement is intended to fully fund the present value of accrued bene\ufb01ts </div>\n<div class=\"t s3_209\" id=\"t21_209\" style=\"left:65px;bottom:348px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">over\u00a0seven years. </div>\n<div class=\"t s3_209\" id=\"t22_209\" style=\"left:65px;bottom:324px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">In October 2022, US Pension plan members were noti\ufb01ed that Smith &amp; Nephew Inc. would begin the termination process for the plan. </div>\n<div class=\"t s3_209\" id=\"t23_209\" style=\"left:65px;bottom:309px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">This process is expected to be \ufb01nalised by\u00a0late 2023 or early 2024 with no impact in 2022. </div>\n<div class=\"t s3_209\" id=\"t24_209\" style=\"left:65px;bottom:285px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">There is no legislative minimum funding requirement in the UK. The Trust Deed of the UK Plan and the Plan Document of the US Plan </div>\n<div class=\"t s3_209\" id=\"t25_209\" style=\"left:65px;bottom:270px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">provide the Group with a right to a refund of surplus assets assuming the full settlement of plan liabilities in the event of a plan wind-up. </div>\n<div class=\"t s3_209\" id=\"t26_209\" style=\"left:65px;bottom:254px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Furthermore, in the ordinary course of business the UK Board of Trustees and US Pension Committee have no rights to unilaterally </div>\n<div class=\"t s3_209\" id=\"t27_209\" style=\"left:65px;bottom:239px;word-spacing:-0.11px;display:inline;\">wind up, or otherwise augment the bene\ufb01ts due to members of the plans. Based on these rights, any net surplus in the UK and US Plans </div>\n<div class=\"t s3_209\" id=\"t28_209\" style=\"left:65px;bottom:224px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">is\u00a0recognised in full. </div>\n<div class=\"t s6_209\" id=\"t29_209\" style=\"left:830px;bottom:11px;letter-spacing:-1.11px;display:inline;\">207 </div><div class=\"t s7_209\" id=\"t2a_209\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_209\" id=\"t2b_209\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_209\" id=\"t2c_209\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_209\" id=\"t2d_209\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_209\" id=\"t2e_209\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_209\" id=\"t2f_209\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_210\" id=\"t1_210\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_210\" id=\"t2_210\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_210\" id=\"t3_210\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_210\" id=\"t4_210\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_210\" id=\"t5_210\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_210\" id=\"t6_210\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_210\" id=\"t7_210\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_210\" id=\"t8_210\" style=\"left:43px;bottom:938px;letter-spacing:-0.3px;display:inline;\">18.2 </div><div class=\"t s9_210\" id=\"t9_210\" style=\"left:75px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Reconciliation of retirement bene\ufb01t obligations and pension assets </div>\n<div class=\"t sa_210\" id=\"ta_210\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The movement in the Group\u2019s pension bene\ufb01t obligation and pension assets is as follows: </div>\n<div class=\"t sb_210\" id=\"tb_210\" style=\"left:553px;bottom:899px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_210\" id=\"tc_210\" style=\"left:813px;bottom:899px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t sb_210\" id=\"td_210\" style=\"left:844px;bottom:894px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"te_210\" style=\"left:325px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tf_210\" style=\"left:327px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tg_210\" style=\"left:356px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"th_210\" style=\"left:414px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ti_210\" style=\"left:465px;bottom:882px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"tj_210\" style=\"left:500px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tk_210\" style=\"left:555px;bottom:882px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"tl_210\" style=\"left:587px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tm_210\" style=\"left:616px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Obligation </div><div class=\"t sb_210\" id=\"tn_210\" style=\"left:725px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Asset </div><div class=\"t sb_210\" id=\"to_210\" style=\"left:815px;bottom:882px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sb_210\" id=\"tp_210\" style=\"left:325px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tq_210\" style=\"left:327px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tr_210\" style=\"left:329px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ts_210\" style=\"left:332px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tt_210\" style=\"left:334px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tu_210\" style=\"left:365px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"tv_210\" style=\"left:411px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tw_210\" style=\"left:414px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tx_210\" style=\"left:416px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ty_210\" style=\"left:418px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tz_210\" style=\"left:452px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t10_210\" style=\"left:498px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t11_210\" style=\"left:500px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t12_210\" style=\"left:503px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t13_210\" style=\"left:505px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t14_210\" style=\"left:538px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t15_210\" style=\"left:585px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t16_210\" style=\"left:587px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t17_210\" style=\"left:589px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t18_210\" style=\"left:592px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t19_210\" style=\"left:625px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1a_210\" style=\"left:671px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1b_210\" style=\"left:674px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1c_210\" style=\"left:676px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1d_210\" style=\"left:678px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1e_210\" style=\"left:711px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1f_210\" style=\"left:758px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1g_210\" style=\"left:760px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1h_210\" style=\"left:763px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1i_210\" style=\"left:765px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1j_210\" style=\"left:798px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1k_210\" style=\"left:844px;bottom:870px;display:inline;\">\u00a0</div>\n<div class=\"t sc_210\" id=\"t1l_210\" style=\"left:43px;bottom:851px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Amounts recognised on the balance sheet at </div>\n<div class=\"t sc_210\" id=\"t1m_210\" style=\"left:43px;bottom:837px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">beginning of the period </div><div class=\"t sa_210\" id=\"t1n_210\" style=\"left:325px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t1o_210\" style=\"left:365px;bottom:837px;letter-spacing:-0.14px;display:inline;\">(1,582)\u00a0</div><div class=\"t sd_210\" id=\"t1p_210\" style=\"left:457px;bottom:837px;letter-spacing:-0.14px;display:inline;\">1,637 </div><div class=\"t sd_210\" id=\"t1q_210\" style=\"left:563px;bottom:837px;letter-spacing:-0.41px;display:inline;\">55 </div><div class=\"t sa_210\" id=\"t1r_210\" style=\"left:585px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1s_210\" style=\"left:631px;bottom:837px;letter-spacing:-0.38px;display:inline;\">(1,714)\u00a0</div><div class=\"t sa_210\" id=\"t1t_210\" style=\"left:719px;bottom:837px;letter-spacing:-0.04px;display:inline;\">1,684 </div><div class=\"t sa_210\" id=\"t1u_210\" style=\"left:820px;bottom:837px;letter-spacing:-0.02px;display:inline;\">(30) </div>\n<div class=\"t sa_210\" id=\"t1v_210\" style=\"left:43px;bottom:818px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Income statement expense: </div><div class=\"t sa_210\" id=\"t1w_210\" style=\"left:325px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1x_210\" style=\"left:655px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1y_210\" style=\"left:658px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1z_210\" style=\"left:671px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t20_210\" style=\"left:742px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t21_210\" style=\"left:745px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t22_210\" style=\"left:758px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t23_210\" style=\"left:828px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t24_210\" style=\"left:831px;bottom:818px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t25_210\" style=\"left:43px;bottom:800px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Current service cost </div><div class=\"t sa_210\" id=\"t26_210\" style=\"left:325px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t27_210\" style=\"left:394px;bottom:800px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sd_210\" id=\"t28_210\" style=\"left:486px;bottom:800px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t29_210\" style=\"left:567px;bottom:800px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sa_210\" id=\"t2a_210\" style=\"left:588px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2b_210\" style=\"left:648px;bottom:800px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t sa_210\" id=\"t2c_210\" style=\"left:745px;bottom:800px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2d_210\" style=\"left:761px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2e_210\" style=\"left:821px;bottom:800px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t sa_210\" id=\"t2f_210\" style=\"left:43px;bottom:781px;letter-spacing:0.19px;word-spacing:-0.16px;display:inline;\">Past service credit </div><div class=\"t sa_210\" id=\"t2g_210\" style=\"left:325px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t2h_210\" style=\"left:399px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t2i_210\" style=\"left:486px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t2j_210\" style=\"left:572px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2k_210\" style=\"left:588px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2l_210\" style=\"left:656px;bottom:781px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_210\" id=\"t2m_210\" style=\"left:745px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2n_210\" style=\"left:761px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2o_210\" style=\"left:829px;bottom:781px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t sa_210\" id=\"t2p_210\" style=\"left:43px;bottom:763px;letter-spacing:0.2px;display:inline;\">Settlements </div><div class=\"t sd_210\" id=\"t2q_210\" style=\"left:398px;bottom:763px;display:inline;\">4 </div><div class=\"t sd_210\" id=\"t2r_210\" style=\"left:480px;bottom:763px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sd_210\" id=\"t2s_210\" style=\"left:576px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2t_210\" style=\"left:659px;bottom:763px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t2u_210\" style=\"left:742px;bottom:763px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_210\" id=\"t2v_210\" style=\"left:832px;bottom:763px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t2w_210\" style=\"left:43px;bottom:745px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Interest (expense)/income </div><div class=\"t sa_210\" id=\"t2x_210\" style=\"left:325px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t2y_210\" style=\"left:385px;bottom:745px;letter-spacing:-0.21px;display:inline;\">(29) </div><div class=\"t sd_210\" id=\"t2z_210\" style=\"left:476px;bottom:745px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_210\" id=\"t30_210\" style=\"left:572px;bottom:745px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t31_210\" style=\"left:588px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t32_210\" style=\"left:647px;bottom:745px;letter-spacing:-0.05px;display:inline;\">(25) </div><div class=\"t sa_210\" id=\"t33_210\" style=\"left:738px;bottom:745px;letter-spacing:-0.3px;display:inline;\">25 </div><div class=\"t sa_210\" id=\"t34_210\" style=\"left:761px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t35_210\" style=\"left:832px;bottom:745px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t36_210\" style=\"left:43px;bottom:726px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Administration costs and taxes </div><div class=\"t sd_210\" id=\"t37_210\" style=\"left:393px;bottom:726px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sd_210\" id=\"t38_210\" style=\"left:486px;bottom:726px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t39_210\" style=\"left:567px;bottom:726px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t3a_210\" style=\"left:588px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3b_210\" style=\"left:655px;bottom:726px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t3c_210\" style=\"left:745px;bottom:726px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t3d_210\" style=\"left:761px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3e_210\" style=\"left:828px;bottom:726px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t sc_210\" id=\"t3f_210\" style=\"left:43px;bottom:708px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Costs recognised in income statement </div><div class=\"t sa_210\" id=\"t3g_210\" style=\"left:325px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3h_210\" style=\"left:385px;bottom:708px;letter-spacing:-0.16px;display:inline;\">(37) </div><div class=\"t sd_210\" id=\"t3i_210\" style=\"left:414px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3j_210\" style=\"left:477px;bottom:708px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t sd_210\" id=\"t3k_210\" style=\"left:501px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3l_210\" style=\"left:559px;bottom:708px;letter-spacing:-0.52px;display:inline;\">(11) </div><div class=\"t sa_210\" id=\"t3m_210\" style=\"left:588px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3n_210\" style=\"left:648px;bottom:708px;letter-spacing:-0.25px;display:inline;\">(40) </div><div class=\"t sa_210\" id=\"t3o_210\" style=\"left:674px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3p_210\" style=\"left:738px;bottom:708px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"t3q_210\" style=\"left:761px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3r_210\" style=\"left:821px;bottom:708px;letter-spacing:-0.26px;display:inline;\">(16) </div>\n<div class=\"t sa_210\" id=\"t3s_210\" style=\"left:43px;bottom:689px;letter-spacing:0.19px;display:inline;\">Remeasurements: </div><div class=\"t sa_210\" id=\"t3t_210\" style=\"left:325px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3u_210\" style=\"left:399px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3v_210\" style=\"left:402px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3w_210\" style=\"left:414px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3x_210\" style=\"left:486px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3y_210\" style=\"left:489px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3z_210\" style=\"left:501px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t40_210\" style=\"left:572px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t41_210\" style=\"left:575px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t42_210\" style=\"left:588px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t43_210\" style=\"left:655px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t44_210\" style=\"left:658px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t45_210\" style=\"left:674px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t46_210\" style=\"left:742px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t47_210\" style=\"left:745px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t48_210\" style=\"left:761px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t49_210\" style=\"left:828px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4a_210\" style=\"left:831px;bottom:689px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t4b_210\" style=\"left:43px;bottom:671px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">Actuarial (loss)/gain due to liability experience </div><div class=\"t sa_210\" id=\"t4c_210\" style=\"left:325px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t4d_210\" style=\"left:385px;bottom:671px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t sd_210\" id=\"t4e_210\" style=\"left:486px;bottom:671px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4f_210\" style=\"left:559px;bottom:671px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t sa_210\" id=\"t4g_210\" style=\"left:588px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4h_210\" style=\"left:659px;bottom:671px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t4i_210\" style=\"left:745px;bottom:671px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t4j_210\" style=\"left:761px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4k_210\" style=\"left:832px;bottom:671px;display:inline;\">2 </div>\n<div class=\"t sa_210\" id=\"t4l_210\" style=\"left:43px;bottom:652px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Actuarial gain due to \ufb01nancial assumptions </div>\n<div class=\"t sa_210\" id=\"t4m_210\" style=\"left:43px;bottom:639px;letter-spacing:0.16px;display:inline;\">change </div><div class=\"t sa_210\" id=\"t4n_210\" style=\"left:325px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t4o_210\" style=\"left:382px;bottom:639px;letter-spacing:-0.18px;display:inline;\">503 </div><div class=\"t sd_210\" id=\"t4p_210\" style=\"left:486px;bottom:639px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4q_210\" style=\"left:555px;bottom:639px;letter-spacing:-0.18px;display:inline;\">503 </div><div class=\"t sa_210\" id=\"t4r_210\" style=\"left:587px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4s_210\" style=\"left:651px;bottom:639px;letter-spacing:-0.3px;display:inline;\">43 </div><div class=\"t sa_210\" id=\"t4t_210\" style=\"left:745px;bottom:639px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t4u_210\" style=\"left:761px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4v_210\" style=\"left:824px;bottom:639px;letter-spacing:-0.3px;display:inline;\">43 </div>\n<div class=\"t sa_210\" id=\"t4w_210\" style=\"left:43px;bottom:620px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Actuarial gain due to demographic assumptions\u00a0</div><div class=\"t sd_210\" id=\"t4x_210\" style=\"left:398px;bottom:620px;display:inline;\">1 </div><div class=\"t sd_210\" id=\"t4y_210\" style=\"left:486px;bottom:620px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4z_210\" style=\"left:571px;bottom:620px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t50_210\" style=\"left:587px;bottom:620px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t51_210\" style=\"left:651px;bottom:620px;letter-spacing:-0.3px;display:inline;\">25 </div><div class=\"t sa_210\" id=\"t52_210\" style=\"left:745px;bottom:620px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t53_210\" style=\"left:761px;bottom:620px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t54_210\" style=\"left:824px;bottom:620px;letter-spacing:-0.3px;display:inline;\">25 </div>\n<div class=\"t sa_210\" id=\"t55_210\" style=\"left:43px;bottom:602px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Return on plan assets (less)/greater than </div>\n<div class=\"t sa_210\" id=\"t56_210\" style=\"left:43px;bottom:588px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">discount rate </div><div class=\"t sa_210\" id=\"t57_210\" style=\"left:325px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t58_210\" style=\"left:399px;bottom:588px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t59_210\" style=\"left:464px;bottom:588px;letter-spacing:-0.47px;display:inline;\">(431) </div><div class=\"t sd_210\" id=\"t5a_210\" style=\"left:551px;bottom:588px;letter-spacing:-0.47px;display:inline;\">(431) </div><div class=\"t sa_210\" id=\"t5b_210\" style=\"left:587px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5c_210\" style=\"left:658px;bottom:588px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t5d_210\" style=\"left:745px;bottom:588px;display:inline;\">9 </div><div class=\"t sa_210\" id=\"t5e_210\" style=\"left:761px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5f_210\" style=\"left:832px;bottom:588px;display:inline;\">9 </div>\n<div class=\"t sc_210\" id=\"t5g_210\" style=\"left:43px;bottom:570px;letter-spacing:0.18px;word-spacing:-0.12px;display:inline;\">Remeasurements recognised in OCI </div><div class=\"t sa_210\" id=\"t5h_210\" style=\"left:325px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5i_210\" style=\"left:386px;bottom:570px;letter-spacing:-0.31px;display:inline;\">461 </div><div class=\"t sd_210\" id=\"t5j_210\" style=\"left:414px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5k_210\" style=\"left:464px;bottom:570px;letter-spacing:-0.5px;display:inline;\">(431) </div><div class=\"t sd_210\" id=\"t5l_210\" style=\"left:501px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5m_210\" style=\"left:563px;bottom:570px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sa_210\" id=\"t5n_210\" style=\"left:587px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5o_210\" style=\"left:651px;bottom:570px;letter-spacing:-0.51px;display:inline;\">70 </div><div class=\"t sa_210\" id=\"t5p_210\" style=\"left:674px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5q_210\" style=\"left:745px;bottom:570px;display:inline;\">9 </div><div class=\"t sa_210\" id=\"t5r_210\" style=\"left:761px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5s_210\" style=\"left:824px;bottom:570px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t sa_210\" id=\"t5t_210\" style=\"left:43px;bottom:551px;letter-spacing:0.23px;display:inline;\">Cash: </div><div class=\"t sa_210\" id=\"t5u_210\" style=\"left:325px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5v_210\" style=\"left:399px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5w_210\" style=\"left:402px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5x_210\" style=\"left:414px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5y_210\" style=\"left:486px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5z_210\" style=\"left:489px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t60_210\" style=\"left:501px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t61_210\" style=\"left:572px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t62_210\" style=\"left:575px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t63_210\" style=\"left:587px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t64_210\" style=\"left:655px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t65_210\" style=\"left:658px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t66_210\" style=\"left:674px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t67_210\" style=\"left:742px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t68_210\" style=\"left:744px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t69_210\" style=\"left:761px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6a_210\" style=\"left:828px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6b_210\" style=\"left:831px;bottom:551px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t6c_210\" style=\"left:43px;bottom:533px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Employer contributions </div><div class=\"t sa_210\" id=\"t6d_210\" style=\"left:325px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6e_210\" style=\"left:399px;bottom:533px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t6f_210\" style=\"left:485px;bottom:533px;display:inline;\">6 </div><div class=\"t sd_210\" id=\"t6g_210\" style=\"left:571px;bottom:533px;display:inline;\">6 </div><div class=\"t sa_210\" id=\"t6h_210\" style=\"left:587px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6i_210\" style=\"left:658px;bottom:533px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t6j_210\" style=\"left:738px;bottom:533px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t sa_210\" id=\"t6k_210\" style=\"left:761px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6l_210\" style=\"left:825px;bottom:533px;letter-spacing:-0.74px;display:inline;\">14 </div>\n<div class=\"t sa_210\" id=\"t6m_210\" style=\"left:43px;bottom:514px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Employee contributions </div><div class=\"t sa_210\" id=\"t6n_210\" style=\"left:325px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6o_210\" style=\"left:393px;bottom:514px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sd_210\" id=\"t6p_210\" style=\"left:485px;bottom:514px;display:inline;\">3 </div><div class=\"t sd_210\" id=\"t6q_210\" style=\"left:572px;bottom:514px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t6r_210\" style=\"left:587px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6s_210\" style=\"left:655px;bottom:514px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t6t_210\" style=\"left:745px;bottom:514px;display:inline;\">3 </div><div class=\"t sa_210\" id=\"t6u_210\" style=\"left:761px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6v_210\" style=\"left:831px;bottom:514px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t6w_210\" style=\"left:43px;bottom:496px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Bene\ufb01ts paid directly by the Group </div><div class=\"t sa_210\" id=\"t6x_210\" style=\"left:325px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6y_210\" style=\"left:398px;bottom:496px;display:inline;\">2 </div><div class=\"t sd_210\" id=\"t6z_210\" style=\"left:485px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t70_210\" style=\"left:571px;bottom:496px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t71_210\" style=\"left:587px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t72_210\" style=\"left:659px;bottom:496px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t73_210\" style=\"left:745px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t74_210\" style=\"left:761px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t75_210\" style=\"left:832px;bottom:496px;display:inline;\">2 </div>\n<div class=\"t sa_210\" id=\"t76_210\" style=\"left:43px;bottom:477px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">Bene\ufb01ts paid, taxes and administration costs </div>\n<div class=\"t sa_210\" id=\"t77_210\" style=\"left:43px;bottom:464px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">paid from scheme assets </div><div class=\"t sa_210\" id=\"t78_210\" style=\"left:325px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t79_210\" style=\"left:390px;bottom:464px;letter-spacing:-0.5px;display:inline;\">81 </div><div class=\"t sd_210\" id=\"t7a_210\" style=\"left:472px;bottom:464px;letter-spacing:-0.22px;display:inline;\">(83) </div><div class=\"t sd_210\" id=\"t7b_210\" style=\"left:567px;bottom:464px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sa_210\" id=\"t7c_210\" style=\"left:587px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7d_210\" style=\"left:651px;bottom:464px;letter-spacing:-0.31px;display:inline;\">79 </div><div class=\"t sa_210\" id=\"t7e_210\" style=\"left:733px;bottom:464px;letter-spacing:-0.08px;display:inline;\">(79) </div><div class=\"t sa_210\" id=\"t7f_210\" style=\"left:761px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7g_210\" style=\"left:831px;bottom:464px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t7h_210\" style=\"left:43px;bottom:445px;letter-spacing:0.2px;word-spacing:-0.15px;display:inline;\">Net cash </div><div class=\"t sa_210\" id=\"t7i_210\" style=\"left:325px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7j_210\" style=\"left:390px;bottom:445px;letter-spacing:0.05px;display:inline;\">80 </div><div class=\"t sd_210\" id=\"t7k_210\" style=\"left:414px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7l_210\" style=\"left:472px;bottom:445px;letter-spacing:-0.45px;display:inline;\">(74) </div><div class=\"t sd_210\" id=\"t7m_210\" style=\"left:501px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7n_210\" style=\"left:571px;bottom:445px;display:inline;\">6 </div><div class=\"t sa_210\" id=\"t7o_210\" style=\"left:587px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7p_210\" style=\"left:651px;bottom:445px;letter-spacing:-0.43px;display:inline;\">78 </div><div class=\"t sa_210\" id=\"t7q_210\" style=\"left:674px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7r_210\" style=\"left:734px;bottom:445px;letter-spacing:-0.36px;display:inline;\">(62) </div><div class=\"t sa_210\" id=\"t7s_210\" style=\"left:761px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7t_210\" style=\"left:825px;bottom:445px;letter-spacing:-0.7px;display:inline;\">16 </div>\n<div class=\"t sa_210\" id=\"t7u_210\" style=\"left:43px;bottom:408px;letter-spacing:0.17px;word-spacing:-0.1px;display:inline;\">Exchange movements </div><div class=\"t sa_210\" id=\"t7v_210\" style=\"left:325px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7w_210\" style=\"left:390px;bottom:408px;letter-spacing:-0.06px;display:inline;\">94 </div><div class=\"t sd_210\" id=\"t7x_210\" style=\"left:464px;bottom:408px;letter-spacing:-0.3px;display:inline;\">(103) </div><div class=\"t sd_210\" id=\"t7y_210\" style=\"left:567px;bottom:408px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sa_210\" id=\"t7z_210\" style=\"left:587px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t80_210\" style=\"left:651px;bottom:408px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"t81_210\" style=\"left:734px;bottom:408px;letter-spacing:-0.29px;display:inline;\">(18) </div><div class=\"t sa_210\" id=\"t82_210\" style=\"left:761px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t83_210\" style=\"left:832px;bottom:408px;display:inline;\">6 </div>\n<div class=\"t sa_210\" id=\"t84_210\" style=\"left:43px;bottom:390px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet </div><div class=\"t sa_210\" id=\"t85_210\" style=\"left:325px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t86_210\" style=\"left:376px;bottom:390px;letter-spacing:-0.14px;display:inline;\">(984) </div><div class=\"t sd_210\" id=\"t87_210\" style=\"left:414px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t88_210\" style=\"left:456px;bottom:390px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t sd_210\" id=\"t89_210\" style=\"left:501px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8a_210\" style=\"left:563px;bottom:390px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t sa_210\" id=\"t8b_210\" style=\"left:587px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8c_210\" style=\"left:629px;bottom:390px;letter-spacing:-0.17px;display:inline;\">(1,582) </div><div class=\"t sa_210\" id=\"t8d_210\" style=\"left:674px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8e_210\" style=\"left:720px;bottom:390px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t sa_210\" id=\"t8f_210\" style=\"left:761px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8g_210\" style=\"left:824px;bottom:390px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t sa_210\" id=\"t8h_210\" style=\"left:43px;bottom:371px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 </div>\n<div class=\"t sa_210\" id=\"t8i_210\" style=\"left:43px;bottom:358px;letter-spacing:0.16px;display:inline;\">liability </div><div class=\"t sa_210\" id=\"t8j_210\" style=\"left:325px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8k_210\" style=\"left:377px;bottom:358px;letter-spacing:-0.26px;display:inline;\">(194) </div><div class=\"t sd_210\" id=\"t8l_210\" style=\"left:472px;bottom:358px;letter-spacing:-0.39px;display:inline;\">124 </div><div class=\"t sd_210\" id=\"t8m_210\" style=\"left:558px;bottom:358px;letter-spacing:-0.14px;display:inline;\">(70) </div><div class=\"t sa_210\" id=\"t8n_210\" style=\"left:587px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8o_210\" style=\"left:640px;bottom:358px;letter-spacing:-0.37px;display:inline;\">(271) </div><div class=\"t sa_210\" id=\"t8p_210\" style=\"left:730px;bottom:358px;letter-spacing:-0.28px;display:inline;\">144 </div><div class=\"t sa_210\" id=\"t8q_210\" style=\"left:761px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8r_210\" style=\"left:813px;bottom:358px;letter-spacing:-0.18px;display:inline;\">(127) </div>\n<div class=\"t sa_210\" id=\"t8s_210\" style=\"left:43px;bottom:339px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 </div>\n<div class=\"t sa_210\" id=\"t8t_210\" style=\"left:43px;bottom:326px;letter-spacing:0.22px;display:inline;\">asset </div><div class=\"t sa_210\" id=\"t8u_210\" style=\"left:325px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8v_210\" style=\"left:376px;bottom:326px;letter-spacing:-0.06px;display:inline;\">(790) </div><div class=\"t sd_210\" id=\"t8w_210\" style=\"left:469px;bottom:326px;letter-spacing:-0.47px;display:inline;\">931 </div><div class=\"t sd_210\" id=\"t8x_210\" style=\"left:555px;bottom:326px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t sa_210\" id=\"t8y_210\" style=\"left:587px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8z_210\" style=\"left:630px;bottom:326px;letter-spacing:-0.3px;display:inline;\">(1,311) </div><div class=\"t sa_210\" id=\"t90_210\" style=\"left:720px;bottom:326px;letter-spacing:-0.26px;display:inline;\">1,493 </div><div class=\"t sa_210\" id=\"t91_210\" style=\"left:761px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t92_210\" style=\"left:817px;bottom:326px;letter-spacing:-0.42px;display:inline;\">182 </div>\n<div class=\"t sa_210\" id=\"t93_210\" style=\"left:43px;bottom:297px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Represented by: </div>\n<div class=\"t sb_210\" id=\"t94_210\" style=\"left:553px;bottom:271px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_210\" id=\"t95_210\" style=\"left:813px;bottom:271px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t sb_210\" id=\"t96_210\" style=\"left:844px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"t97_210\" style=\"left:325px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t98_210\" style=\"left:327px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t99_210\" style=\"left:356px;bottom:254px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"t9a_210\" style=\"left:414px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9b_210\" style=\"left:465px;bottom:254px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"t9c_210\" style=\"left:500px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9d_210\" style=\"left:555px;bottom:254px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"t9e_210\" style=\"left:587px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9f_210\" style=\"left:616px;bottom:254px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"t9g_210\" style=\"left:674px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9h_210\" style=\"left:725px;bottom:254px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"t9i_210\" style=\"left:760px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9j_210\" style=\"left:815px;bottom:254px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"t9k_210\" style=\"left:847px;bottom:254px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"t9l_210\" style=\"left:325px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9m_210\" style=\"left:327px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9n_210\" style=\"left:329px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9o_210\" style=\"left:332px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9p_210\" style=\"left:365px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t9q_210\" style=\"left:411px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9r_210\" style=\"left:414px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9s_210\" style=\"left:416px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9t_210\" style=\"left:418px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9u_210\" style=\"left:452px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t9v_210\" style=\"left:498px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9w_210\" style=\"left:500px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9x_210\" style=\"left:503px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9y_210\" style=\"left:505px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9z_210\" style=\"left:538px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"ta0_210\" style=\"left:585px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta1_210\" style=\"left:587px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta2_210\" style=\"left:589px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta3_210\" style=\"left:592px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta4_210\" style=\"left:625px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"ta5_210\" style=\"left:671px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta6_210\" style=\"left:674px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta7_210\" style=\"left:676px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta8_210\" style=\"left:678px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta9_210\" style=\"left:711px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"taa_210\" style=\"left:758px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tab_210\" style=\"left:760px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tac_210\" style=\"left:763px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tad_210\" style=\"left:765px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tae_210\" style=\"left:798px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"taf_210\" style=\"left:844px;bottom:242px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"tag_210\" style=\"left:43px;bottom:223px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div><div class=\"t sd_210\" id=\"tah_210\" style=\"left:377px;bottom:223px;letter-spacing:-0.24px;display:inline;\">(438) </div><div class=\"t sd_210\" id=\"tai_210\" style=\"left:469px;bottom:223px;letter-spacing:-0.48px;display:inline;\">552 </div><div class=\"t sd_210\" id=\"taj_210\" style=\"left:556px;bottom:223px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sa_210\" id=\"tak_210\" style=\"left:640px;bottom:223px;letter-spacing:-0.33px;display:inline;\">(819) </div><div class=\"t sa_210\" id=\"tal_210\" style=\"left:730px;bottom:223px;letter-spacing:-0.21px;display:inline;\">956 </div><div class=\"t sa_210\" id=\"tam_210\" style=\"left:817px;bottom:223px;letter-spacing:-0.34px;display:inline;\">137 </div>\n<div class=\"t sa_210\" id=\"tan_210\" style=\"left:43px;bottom:204px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">US Plan </div><div class=\"t sd_210\" id=\"tao_210\" style=\"left:377px;bottom:204px;letter-spacing:-0.14px;display:inline;\">(336) </div><div class=\"t sd_210\" id=\"tap_210\" style=\"left:468px;bottom:204px;letter-spacing:-0.11px;display:inline;\">360 </div><div class=\"t sd_210\" id=\"taq_210\" style=\"left:563px;bottom:204px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"tar_210\" style=\"left:640px;bottom:204px;letter-spacing:-0.24px;display:inline;\">(463) </div><div class=\"t sa_210\" id=\"tas_210\" style=\"left:730px;bottom:204px;letter-spacing:-0.25px;display:inline;\">503 </div><div class=\"t sa_210\" id=\"tat_210\" style=\"left:824px;bottom:204px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t sa_210\" id=\"tau_210\" style=\"left:43px;bottom:186px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Other Plans </div><div class=\"t sd_210\" id=\"tav_210\" style=\"left:377px;bottom:186px;letter-spacing:-0.31px;display:inline;\">(210) </div><div class=\"t sd_210\" id=\"taw_210\" style=\"left:468px;bottom:186px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sd_210\" id=\"tax_210\" style=\"left:558px;bottom:186px;letter-spacing:-0.2px;display:inline;\">(67) </div><div class=\"t sa_210\" id=\"tay_210\" style=\"left:639px;bottom:186px;letter-spacing:0.05px;display:inline;\">(300) </div><div class=\"t sa_210\" id=\"taz_210\" style=\"left:731px;bottom:186px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t sa_210\" id=\"tb0_210\" style=\"left:813px;bottom:186px;letter-spacing:-0.3px;display:inline;\">(122) </div>\n<div class=\"t sc_210\" id=\"tb1_210\" style=\"left:43px;bottom:167px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sd_210\" id=\"tb2_210\" style=\"left:377px;bottom:167px;letter-spacing:-0.11px;display:inline;\">(984) </div><div class=\"t sd_210\" id=\"tb3_210\" style=\"left:457px;bottom:167px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t sd_210\" id=\"tb4_210\" style=\"left:563px;bottom:167px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t sa_210\" id=\"tb5_210\" style=\"left:629px;bottom:167px;letter-spacing:-0.15px;display:inline;\">(1,582) </div><div class=\"t sa_210\" id=\"tb6_210\" style=\"left:720px;bottom:167px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t sa_210\" id=\"tb7_210\" style=\"left:825px;bottom:167px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t sa_210\" id=\"tb8_210\" style=\"left:43px;bottom:139px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">The actuarial gain on obligation of $461m primarily relates to the increase in discount rates in 2022, which is partially o\ufb00set by an </div>\n<div class=\"t sa_210\" id=\"tb9_210\" style=\"left:43px;bottom:123px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">actuarial loss from the return on plan assets of $431m, which is due to investment returns being less than the discount rates. </div>\n<div class=\"t sa_210\" id=\"tba_210\" style=\"left:43px;bottom:99px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">All bene\ufb01ts are vested at the end of each reporting period. The weighted average duration of the de\ufb01ned bene\ufb01t obligation at the </div>\n<div class=\"t sa_210\" id=\"tbb_210\" style=\"left:43px;bottom:84px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">end\u00a0of\u00a0the reporting period is 14 years and 9 years for the UK and US Plans respectively. </div>\n<div class=\"t se_210\" id=\"tbc_210\" style=\"left:43px;bottom:11px;letter-spacing:-0.58px;display:inline;\">208 </div><div class=\"t sf_210\" id=\"tbd_210\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_210\" id=\"tbe_210\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_211\" id=\"t1_211\" style=\"left:65px;bottom:957px;letter-spacing:-0.26px;display:inline;\">18.3 </div><div class=\"t s2_211\" id=\"t2_211\" style=\"left:96px;bottom:957px;letter-spacing:-0.14px;word-spacing:-0.11px;display:inline;\">Plan assets </div>\n<div class=\"t s3_211\" id=\"t3_211\" style=\"left:65px;bottom:940px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The market value of the US, UK and Other Plans assets are as follows: </div>\n<div class=\"t s4_211\" id=\"t4_211\" style=\"left:606px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t5_211\" style=\"left:609px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t6_211\" style=\"left:662px;bottom:927px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s4_211\" id=\"t7_211\" style=\"left:695px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t8_211\" style=\"left:748px;bottom:927px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s4_211\" id=\"t9_211\" style=\"left:782px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"ta_211\" style=\"left:835px;bottom:927px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s4_211\" id=\"tb_211\" style=\"left:606px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tc_211\" style=\"left:609px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"td_211\" style=\"left:611px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"te_211\" style=\"left:613px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tf_211\" style=\"left:646px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tg_211\" style=\"left:693px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"th_211\" style=\"left:695px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"ti_211\" style=\"left:698px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tj_211\" style=\"left:700px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tk_211\" style=\"left:733px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tl_211\" style=\"left:780px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tm_211\" style=\"left:782px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tn_211\" style=\"left:784px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"to_211\" style=\"left:787px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tp_211\" style=\"left:820px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tq_211\" style=\"left:866px;bottom:914px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"tr_211\" style=\"left:65px;bottom:895px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s5_211\" id=\"ts_211\" style=\"left:677px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"tt_211\" style=\"left:680px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tu_211\" style=\"left:763px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tv_211\" style=\"left:766px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tw_211\" style=\"left:850px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tx_211\" style=\"left:853px;bottom:895px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"ty_211\" style=\"left:65px;bottom:876px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s5_211\" id=\"tz_211\" style=\"left:677px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t10_211\" style=\"left:680px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t11_211\" style=\"left:763px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t12_211\" style=\"left:766px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t13_211\" style=\"left:850px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t14_211\" style=\"left:853px;bottom:876px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t15_211\" style=\"left:78px;bottom:858px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t16_211\" style=\"left:680px;bottom:858px;display:inline;\">2 </div><div class=\"t s3_211\" id=\"t17_211\" style=\"left:767px;bottom:858px;display:inline;\">4 </div><div class=\"t s3_211\" id=\"t18_211\" style=\"left:846px;bottom:858px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_211\" id=\"t19_211\" style=\"left:78px;bottom:840px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t1a_211\" style=\"left:680px;bottom:840px;display:inline;\">3 </div><div class=\"t s3_211\" id=\"t1b_211\" style=\"left:759px;bottom:840px;letter-spacing:0.03px;display:inline;\">84 </div><div class=\"t s3_211\" id=\"t1c_211\" style=\"left:846px;bottom:840px;letter-spacing:-0.67px;display:inline;\">91 </div>\n<div class=\"t s3_211\" id=\"t1d_211\" style=\"left:78px;bottom:821px;letter-spacing:0.2px;word-spacing:-0.15px;display:inline;\">Other bonds </div><div class=\"t s5_211\" id=\"t1e_211\" style=\"left:671px;bottom:821px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s3_211\" id=\"t1f_211\" style=\"left:759px;bottom:821px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s3_211\" id=\"t1g_211\" style=\"left:846px;bottom:821px;letter-spacing:-0.3px;display:inline;\">49 </div>\n<div class=\"t s3_211\" id=\"t1h_211\" style=\"left:78px;bottom:803px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Short dated credit fund </div><div class=\"t s5_211\" id=\"t1i_211\" style=\"left:672px;bottom:803px;letter-spacing:-0.5px;display:inline;\">81 </div><div class=\"t s3_211\" id=\"t1j_211\" style=\"left:752px;bottom:803px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t s3_211\" id=\"t1k_211\" style=\"left:839px;bottom:803px;letter-spacing:-0.45px;display:inline;\">127 </div>\n<div class=\"t s3_211\" id=\"t1l_211\" style=\"left:78px;bottom:784px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Liability driven investments </div><div class=\"t s5_211\" id=\"t1m_211\" style=\"left:664px;bottom:784px;letter-spacing:-0.38px;display:inline;\">225 </div><div class=\"t s3_211\" id=\"t1n_211\" style=\"left:752px;bottom:784px;letter-spacing:-0.5px;display:inline;\">370 </div><div class=\"t s3_211\" id=\"t1o_211\" style=\"left:838px;bottom:784px;letter-spacing:-0.3px;display:inline;\">347 </div>\n<div class=\"t s3_211\" id=\"t1p_211\" style=\"left:78px;bottom:766px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Diversi\ufb01ed growth funds </div><div class=\"t s5_211\" id=\"t1q_211\" style=\"left:672px;bottom:766px;letter-spacing:-0.41px;display:inline;\">55 </div><div class=\"t s3_211\" id=\"t1r_211\" style=\"left:759px;bottom:766px;letter-spacing:-0.18px;display:inline;\">89 </div><div class=\"t s3_211\" id=\"t1s_211\" style=\"left:846px;bottom:766px;letter-spacing:-0.18px;display:inline;\">89 </div>\n<div class=\"t s5_211\" id=\"t1t_211\" style=\"left:663px;bottom:747px;letter-spacing:-0.17px;display:inline;\">396 </div><div class=\"t s3_211\" id=\"t1u_211\" style=\"left:752px;bottom:747px;letter-spacing:-0.22px;display:inline;\">723 </div><div class=\"t s3_211\" id=\"t1v_211\" style=\"left:839px;bottom:747px;letter-spacing:-0.34px;display:inline;\">713 </div>\n<div class=\"t s3_211\" id=\"t1w_211\" style=\"left:65px;bottom:729px;letter-spacing:0.21px;word-spacing:-0.17px;display:inline;\">Other assets: </div><div class=\"t s5_211\" id=\"t1x_211\" style=\"left:677px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t1y_211\" style=\"left:680px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t1z_211\" style=\"left:763px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t20_211\" style=\"left:766px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t21_211\" style=\"left:850px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t22_211\" style=\"left:853px;bottom:729px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t23_211\" style=\"left:78px;bottom:710px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Insurance contract </div><div class=\"t s5_211\" id=\"t24_211\" style=\"left:663px;bottom:710px;letter-spacing:-0.28px;display:inline;\">156 </div><div class=\"t s3_211\" id=\"t25_211\" style=\"left:752px;bottom:710px;letter-spacing:-0.23px;display:inline;\">233 </div><div class=\"t s3_211\" id=\"t26_211\" style=\"left:838px;bottom:710px;letter-spacing:-0.2px;display:inline;\">250 </div>\n<div class=\"t s3_211\" id=\"t27_211\" style=\"left:65px;bottom:692px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t28_211\" style=\"left:664px;bottom:692px;letter-spacing:-0.48px;display:inline;\">552 </div><div class=\"t s3_211\" id=\"t29_211\" style=\"left:752px;bottom:692px;letter-spacing:-0.21px;display:inline;\">956 </div><div class=\"t s3_211\" id=\"t2a_211\" style=\"left:838px;bottom:692px;letter-spacing:-0.13px;display:inline;\">963 </div>\n<div class=\"t s3_211\" id=\"t2b_211\" style=\"left:65px;bottom:674px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div><div class=\"t s5_211\" id=\"t2c_211\" style=\"left:677px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t2d_211\" style=\"left:680px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2e_211\" style=\"left:763px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2f_211\" style=\"left:766px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2g_211\" style=\"left:850px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2h_211\" style=\"left:853px;bottom:674px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t2i_211\" style=\"left:65px;bottom:655px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s3_211\" id=\"t2j_211\" style=\"left:763px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2k_211\" style=\"left:766px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2l_211\" style=\"left:850px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2m_211\" style=\"left:853px;bottom:655px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t2n_211\" style=\"left:78px;bottom:637px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t2o_211\" style=\"left:663px;bottom:637px;letter-spacing:-0.32px;display:inline;\">120 </div><div class=\"t s3_211\" id=\"t2p_211\" style=\"left:767px;bottom:637px;display:inline;\">6 </div><div class=\"t s3_211\" id=\"t2q_211\" style=\"left:854px;bottom:637px;display:inline;\">2 </div>\n<div class=\"t s3_211\" id=\"t2r_211\" style=\"left:78px;bottom:618px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t2s_211\" style=\"left:680px;bottom:618px;display:inline;\">\u2013 </div><div class=\"t s3_211\" id=\"t2t_211\" style=\"left:759px;bottom:618px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s3_211\" id=\"t2u_211\" style=\"left:846px;bottom:618px;display:inline;\">60 </div>\n<div class=\"t s3_211\" id=\"t2v_211\" style=\"left:78px;bottom:600px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 \ufb01xed interest </div><div class=\"t s5_211\" id=\"t2w_211\" style=\"left:671px;bottom:600px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t s3_211\" id=\"t2x_211\" style=\"left:752px;bottom:600px;letter-spacing:-0.46px;display:inline;\">201 </div><div class=\"t s3_211\" id=\"t2y_211\" style=\"left:839px;bottom:600px;letter-spacing:-0.45px;display:inline;\">163 </div>\n<div class=\"t s3_211\" id=\"t2z_211\" style=\"left:78px;bottom:581px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Corporate bonds </div><div class=\"t s5_211\" id=\"t30_211\" style=\"left:664px;bottom:581px;letter-spacing:-0.48px;display:inline;\">197 </div><div class=\"t s3_211\" id=\"t31_211\" style=\"left:752px;bottom:581px;letter-spacing:-0.37px;display:inline;\">246 </div><div class=\"t s3_211\" id=\"t32_211\" style=\"left:839px;bottom:581px;letter-spacing:-0.64px;display:inline;\">316 </div>\n<div class=\"t s3_211\" id=\"t33_211\" style=\"left:65px;bottom:563px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t34_211\" style=\"left:663px;bottom:563px;letter-spacing:-0.11px;display:inline;\">360 </div><div class=\"t s3_211\" id=\"t35_211\" style=\"left:752px;bottom:563px;letter-spacing:-0.25px;display:inline;\">503 </div><div class=\"t s3_211\" id=\"t36_211\" style=\"left:839px;bottom:563px;letter-spacing:-0.45px;display:inline;\">541 </div>\n<div class=\"t s3_211\" id=\"t37_211\" style=\"left:65px;bottom:545px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Other Plans: </div><div class=\"t s5_211\" id=\"t38_211\" style=\"left:677px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t39_211\" style=\"left:680px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3a_211\" style=\"left:763px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3b_211\" style=\"left:766px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3c_211\" style=\"left:850px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3d_211\" style=\"left:853px;bottom:545px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t3e_211\" style=\"left:65px;bottom:526px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s3_211\" id=\"t3f_211\" style=\"left:763px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3g_211\" style=\"left:766px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3h_211\" style=\"left:850px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3i_211\" style=\"left:853px;bottom:526px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t3j_211\" style=\"left:78px;bottom:508px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t3k_211\" style=\"left:680px;bottom:508px;display:inline;\">7 </div><div class=\"t s3_211\" id=\"t3l_211\" style=\"left:767px;bottom:508px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t3m_211\" style=\"left:854px;bottom:508px;display:inline;\">5 </div>\n<div class=\"t s3_211\" id=\"t3n_211\" style=\"left:78px;bottom:489px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t3o_211\" style=\"left:671px;bottom:489px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s3_211\" id=\"t3p_211\" style=\"left:759px;bottom:489px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t s3_211\" id=\"t3q_211\" style=\"left:846px;bottom:489px;letter-spacing:-0.81px;display:inline;\">51 </div>\n<div class=\"t s3_211\" id=\"t3r_211\" style=\"left:78px;bottom:471px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 \ufb01xed interest </div><div class=\"t s5_211\" id=\"t3s_211\" style=\"left:680px;bottom:471px;display:inline;\">7 </div><div class=\"t s3_211\" id=\"t3t_211\" style=\"left:767px;bottom:471px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t3u_211\" style=\"left:854px;bottom:471px;display:inline;\">9 </div>\n<div class=\"t s3_211\" id=\"t3v_211\" style=\"left:78px;bottom:452px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 index linked </div><div class=\"t s5_211\" id=\"t3w_211\" style=\"left:680px;bottom:452px;display:inline;\">\u2013 </div><div class=\"t s3_211\" id=\"t3x_211\" style=\"left:767px;bottom:452px;display:inline;\">4 </div><div class=\"t s3_211\" id=\"t3y_211\" style=\"left:854px;bottom:452px;display:inline;\">4 </div>\n<div class=\"t s3_211\" id=\"t3z_211\" style=\"left:78px;bottom:434px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate and other bonds </div><div class=\"t s5_211\" id=\"t40_211\" style=\"left:672px;bottom:434px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s3_211\" id=\"t41_211\" style=\"left:760px;bottom:434px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t s3_211\" id=\"t42_211\" style=\"left:846px;bottom:434px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_211\" id=\"t43_211\" style=\"left:78px;bottom:416px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Insurance contracts </div><div class=\"t s5_211\" id=\"t44_211\" style=\"left:672px;bottom:416px;letter-spacing:-0.66px;display:inline;\">21 </div><div class=\"t s3_211\" id=\"t45_211\" style=\"left:759px;bottom:416px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s3_211\" id=\"t46_211\" style=\"left:846px;bottom:416px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s3_211\" id=\"t47_211\" style=\"left:78px;bottom:397px;letter-spacing:0.25px;display:inline;\">Property </div><div class=\"t s5_211\" id=\"t48_211\" style=\"left:672px;bottom:397px;letter-spacing:-0.47px;display:inline;\">22 </div><div class=\"t s3_211\" id=\"t49_211\" style=\"left:759px;bottom:397px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s3_211\" id=\"t4a_211\" style=\"left:846px;bottom:397px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s3_211\" id=\"t4b_211\" style=\"left:78px;bottom:379px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other quoted securities </div><div class=\"t s5_211\" id=\"t4c_211\" style=\"left:680px;bottom:379px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t4d_211\" style=\"left:767px;bottom:379px;display:inline;\">8 </div><div class=\"t s3_211\" id=\"t4e_211\" style=\"left:854px;bottom:379px;display:inline;\">5 </div>\n<div class=\"t s5_211\" id=\"t4f_211\" style=\"left:664px;bottom:360px;letter-spacing:-0.54px;display:inline;\">121 </div><div class=\"t s3_211\" id=\"t4g_211\" style=\"left:752px;bottom:360px;letter-spacing:-0.28px;display:inline;\">144 </div><div class=\"t s3_211\" id=\"t4h_211\" style=\"left:838px;bottom:360px;letter-spacing:-0.28px;display:inline;\">144 </div>\n<div class=\"t s3_211\" id=\"t4i_211\" style=\"left:65px;bottom:342px;letter-spacing:0.21px;word-spacing:-0.17px;display:inline;\">Other assets: </div><div class=\"t s5_211\" id=\"t4j_211\" style=\"left:677px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t4k_211\" style=\"left:680px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4l_211\" style=\"left:763px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4m_211\" style=\"left:766px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4n_211\" style=\"left:850px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4o_211\" style=\"left:853px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t4p_211\" style=\"left:78px;bottom:323px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Insurance contracts </div><div class=\"t s5_211\" id=\"t4q_211\" style=\"left:672px;bottom:323px;letter-spacing:-0.47px;display:inline;\">22 </div><div class=\"t s3_211\" id=\"t4r_211\" style=\"left:759px;bottom:323px;letter-spacing:-0.04px;display:inline;\">34 </div><div class=\"t s3_211\" id=\"t4s_211\" style=\"left:846px;bottom:323px;letter-spacing:-0.11px;display:inline;\">36 </div>\n<div class=\"t s3_211\" id=\"t4t_211\" style=\"left:65px;bottom:305px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t4u_211\" style=\"left:663px;bottom:305px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t s3_211\" id=\"t4v_211\" style=\"left:753px;bottom:305px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t s3_211\" id=\"t4w_211\" style=\"left:838px;bottom:305px;letter-spacing:-0.17px;display:inline;\">180 </div>\n<div class=\"t s3_211\" id=\"t4x_211\" style=\"left:65px;bottom:286px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Total market value of assets </div><div class=\"t s5_211\" id=\"t4y_211\" style=\"left:651px;bottom:286px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t s3_211\" id=\"t4z_211\" style=\"left:741px;bottom:286px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t s3_211\" id=\"t50_211\" style=\"left:827px;bottom:286px;letter-spacing:-0.04px;display:inline;\">1,684 </div>\n<div class=\"t s6_211\" id=\"t51_211\" style=\"left:829px;bottom:11px;letter-spacing:-0.61px;display:inline;\">209 </div><div class=\"t s7_211\" id=\"t52_211\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_211\" id=\"t53_211\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_211\" id=\"t54_211\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_211\" id=\"t55_211\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_211\" id=\"t56_211\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_211\" id=\"t57_211\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_212\" id=\"t1_212\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_212\" id=\"t2_212\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_212\" id=\"t3_212\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_212\" id=\"t4_212\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_212\" id=\"t5_212\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_212\" id=\"t6_212\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_212\" id=\"t7_212\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_212\" id=\"t8_212\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">No plans invest directly in property occupied by the Group or in \ufb01nancial securities issued by the Group. </div>\n<div class=\"t s8_212\" id=\"t9_212\" style=\"left:43px;bottom:915px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Both the UK and US Plans hold predominantly matching assets. The growth assets of the UK and US Plans are invested in a diversi\ufb01ed </div>\n<div class=\"t s8_212\" id=\"ta_212\" style=\"left:43px;bottom:900px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">range of industries across a broad range of geographies. The UK Plan matching assets include liability matching assets and annuity </div>\n<div class=\"t s8_212\" id=\"tb_212\" style=\"left:43px;bottom:885px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">policies purchased by the trustees, which aim to match the bene\ufb01ts to be paid to certain members from the plan and therefore remove </div>\n<div class=\"t s8_212\" id=\"tc_212\" style=\"left:43px;bottom:869px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the investment, in\ufb02ation and demographic risks in relation to those liabilities. The terms of the policy de\ufb01ne\u00a0that the contract value </div>\n<div class=\"t s8_212\" id=\"td_212\" style=\"left:43px;bottom:854px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">exactly matches the amount and timing of the pensioner obligations covered by the contract. In accordance with IAS 19R\u00a0</div><div class=\"t s9_212\" id=\"te_212\" style=\"left:756px;bottom:854px;letter-spacing:0.07px;display:inline;\">Employee </div>\n<div class=\"t s9_212\" id=\"tf_212\" style=\"left:43px;bottom:839px;letter-spacing:0.19px;display:inline;\">Bene\ufb01ts</div><div class=\"t s8_212\" id=\"tg_212\" style=\"left:90px;bottom:839px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">, the fair value of the insurance contract is deemed to be the present value of the related obligations which is discounted </div>\n<div class=\"t s8_212\" id=\"th_212\" style=\"left:43px;bottom:823px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">at\u00a0the\u00a0AA corporate bond rate. </div>\n<div class=\"t s8_212\" id=\"ti_212\" style=\"left:43px;bottom:800px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">There has been no material change in the Pension Plans\u2019 investment strategies. </div>\n<div class=\"t sa_212\" id=\"tj_212\" style=\"left:43px;bottom:775px;letter-spacing:-0.35px;display:inline;\">18.4 </div><div class=\"t sb_212\" id=\"tk_212\" style=\"left:74px;bottom:775px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Expenses recognised in the income statement </div>\n<div class=\"t s8_212\" id=\"tl_212\" style=\"left:43px;bottom:758px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">The total expense relating to retirement bene\ufb01ts recognised for the year is $88m (2021: $93m, 2020: $78m). Of this cost recognised </div>\n<div class=\"t s8_212\" id=\"tm_212\" style=\"left:43px;bottom:742px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">for\u00a0the year, $77m (2021: $77m, 2020: $69m) relates to de\ufb01ned contribution plans and $11m (2021: $16m, 2020: $9m) relates to </div>\n<div class=\"t s8_212\" id=\"tn_212\" style=\"left:43px;bottom:727px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">de\ufb01ned\u00a0bene\ufb01t plans. </div>\n<div class=\"t s8_212\" id=\"to_212\" style=\"left:43px;bottom:703px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The cost charged in respect of the Group\u2019s de\ufb01ned contribution plans represents contributions payable to these plans by the Group at </div>\n<div class=\"t s8_212\" id=\"tp_212\" style=\"left:43px;bottom:688px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">rates speci\ufb01ed in the rules of the plans. These were charged to operating pro\ufb01t in costs of goods sold, selling, general and administrative </div>\n<div class=\"t s8_212\" id=\"tq_212\" style=\"left:43px;bottom:673px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">expenses, and research and development expenses. There were $nil outstanding payments as at\u00a031 December 2022 due to be paid </div>\n<div class=\"t s8_212\" id=\"tr_212\" style=\"left:43px;bottom:657px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\">over\u00a0to the plans (2021: $nil, 2020: $nil). </div>\n<div class=\"t s8_212\" id=\"ts_212\" style=\"left:43px;bottom:633px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">De\ufb01ned bene\ufb01t plan costs comprise service cost which is charged to operating pro\ufb01t in selling, general and administrative expenses </div>\n<div class=\"t s8_212\" id=\"tt_212\" style=\"left:43px;bottom:618px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0net interest cost and administration costs and taxes which are reported as other \ufb01nance costs. </div>\n<div class=\"t s8_212\" id=\"tu_212\" style=\"left:43px;bottom:594px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">The de\ufb01ned bene\ufb01t pension costs charged for the UK and US Plans are $nil (2021: $nil, 2020: $nil). </div>\n<div class=\"t sa_212\" id=\"tv_212\" style=\"left:43px;bottom:569px;letter-spacing:-0.29px;display:inline;\">18.5 </div><div class=\"t sb_212\" id=\"tw_212\" style=\"left:75px;bottom:569px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Principal actuarial assumptions </div>\n<div class=\"t s8_212\" id=\"tx_212\" style=\"left:43px;bottom:552px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The following are the principal \ufb01nancial actuarial assumptions used at the reporting date to determine the UK and US de\ufb01ned bene\ufb01t </div>\n<div class=\"t s8_212\" id=\"ty_212\" style=\"left:43px;bottom:537px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">obligations and expense. </div>\n<div class=\"t sc_212\" id=\"tz_212\" style=\"left:585px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t10_212\" style=\"left:587px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t11_212\" style=\"left:640px;bottom:523px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sc_212\" id=\"t12_212\" style=\"left:727px;bottom:523px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sc_212\" id=\"t13_212\" style=\"left:813px;bottom:523px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t sc_212\" id=\"t14_212\" style=\"left:585px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t15_212\" style=\"left:587px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t16_212\" style=\"left:589px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t17_212\" style=\"left:592px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t18_212\" style=\"left:602px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t19_212\" style=\"left:671px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1a_212\" style=\"left:674px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1b_212\" style=\"left:676px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1c_212\" style=\"left:678px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1d_212\" style=\"left:689px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t1e_212\" style=\"left:758px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1f_212\" style=\"left:760px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1g_212\" style=\"left:763px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1h_212\" style=\"left:765px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1i_212\" style=\"left:776px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t1j_212\" style=\"left:844px;bottom:511px;display:inline;\">\u00a0</div>\n<div class=\"t s8_212\" id=\"t1k_212\" style=\"left:43px;bottom:491px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t sd_212\" id=\"t1l_212\" style=\"left:655px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t sd_212\" id=\"t1m_212\" style=\"left:658px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1n_212\" style=\"left:742px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1o_212\" style=\"left:745px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1p_212\" style=\"left:828px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1q_212\" style=\"left:831px;bottom:491px;display:inline;\">\u00a0</div>\n<div class=\"t s8_212\" id=\"t1r_212\" style=\"left:56px;bottom:473px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t sd_212\" id=\"t1s_212\" style=\"left:646px;bottom:473px;letter-spacing:0.12px;display:inline;\">4.8 </div><div class=\"t s8_212\" id=\"t1t_212\" style=\"left:735px;bottom:473px;letter-spacing:-0.19px;display:inline;\">1.9 </div><div class=\"t s8_212\" id=\"t1u_212\" style=\"left:821px;bottom:473px;letter-spacing:0.09px;display:inline;\">1.3 </div>\n<div class=\"t s8_212\" id=\"t1v_212\" style=\"left:56px;bottom:455px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Future salary increases </div><div class=\"t sd_212\" id=\"t1w_212\" style=\"left:646px;bottom:455px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t1x_212\" style=\"left:734px;bottom:455px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t1y_212\" style=\"left:820px;bottom:455px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t s8_212\" id=\"t1z_212\" style=\"left:56px;bottom:436px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Future pension increases </div><div class=\"t sd_212\" id=\"t20_212\" style=\"left:646px;bottom:436px;letter-spacing:0.15px;display:inline;\">3.3 </div><div class=\"t s8_212\" id=\"t21_212\" style=\"left:735px;bottom:436px;letter-spacing:-0.05px;display:inline;\">3.4 </div><div class=\"t s8_212\" id=\"t22_212\" style=\"left:822px;bottom:436px;letter-spacing:-0.28px;display:inline;\">2.9 </div>\n<div class=\"t s8_212\" id=\"t23_212\" style=\"left:56px;bottom:418px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">In\ufb02ation (RPI) </div><div class=\"t sd_212\" id=\"t24_212\" style=\"left:646px;bottom:418px;letter-spacing:0.15px;display:inline;\">3.3 </div><div class=\"t s8_212\" id=\"t25_212\" style=\"left:735px;bottom:418px;letter-spacing:-0.05px;display:inline;\">3.4 </div><div class=\"t s8_212\" id=\"t26_212\" style=\"left:822px;bottom:418px;letter-spacing:-0.28px;display:inline;\">2.9 </div>\n<div class=\"t s8_212\" id=\"t27_212\" style=\"left:56px;bottom:399px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">In\ufb02ation (CPI) </div><div class=\"t sd_212\" id=\"t28_212\" style=\"left:646px;bottom:399px;letter-spacing:0.23px;display:inline;\">2.3 </div><div class=\"t s8_212\" id=\"t29_212\" style=\"left:736px;bottom:399px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s8_212\" id=\"t2a_212\" style=\"left:822px;bottom:399px;letter-spacing:-0.31px;display:inline;\">2.1 </div>\n<div class=\"t s8_212\" id=\"t2b_212\" style=\"left:43px;bottom:381px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s8_212\" id=\"t2c_212\" style=\"left:56px;bottom:362px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t sd_212\" id=\"t2d_212\" style=\"left:646px;bottom:362px;letter-spacing:0.11px;display:inline;\">5.3 </div><div class=\"t s8_212\" id=\"t2e_212\" style=\"left:736px;bottom:362px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s8_212\" id=\"t2f_212\" style=\"left:822px;bottom:362px;letter-spacing:-0.17px;display:inline;\">2.4 </div>\n<div class=\"t s8_212\" id=\"t2g_212\" style=\"left:56px;bottom:344px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Future salary increases </div><div class=\"t sd_212\" id=\"t2h_212\" style=\"left:646px;bottom:344px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2i_212\" style=\"left:734px;bottom:344px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2j_212\" style=\"left:820px;bottom:344px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t s8_212\" id=\"t2k_212\" style=\"left:56px;bottom:325px;letter-spacing:0.14px;display:inline;\">In\ufb02ation </div><div class=\"t sd_212\" id=\"t2l_212\" style=\"left:646px;bottom:325px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2m_212\" style=\"left:734px;bottom:325px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2n_212\" style=\"left:820px;bottom:325px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t se_212\" id=\"t2o_212\" style=\"left:43px;bottom:11px;letter-spacing:-1.37px;display:inline;\">210 </div><div class=\"t sf_212\" id=\"t2p_212\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_212\" id=\"t2q_212\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_213\" id=\"t1_213\" style=\"left:65px;bottom:958px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Actuarial assumptions regarding future mortality are based on mortality tables. The UK uses the S3NA with projections in line with </div>\n<div class=\"t s1_213\" id=\"t2_213\" style=\"left:65px;bottom:943px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">the\u00a0CMI 2021 table and the US uses the PRI-2012 table with MP-2021 scale. The Directors have considered the impact of the Covid </div>\n<div class=\"t s1_213\" id=\"t3_213\" style=\"left:65px;bottom:927px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">pandemic and, at the present time, do not believe that there is su\ufb03cient evidence to require a change in the long-term mortality </div>\n<div class=\"t s1_213\" id=\"t4_213\" style=\"left:65px;bottom:912px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">assumptions. The Directors will continue to monitor any potential future impact on the mortality assumptions used. </div>\n<div class=\"t s1_213\" id=\"t5_213\" style=\"left:65px;bottom:888px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The current longevities underlying the values of the obligations in the de\ufb01ned bene\ufb01t plans are as follows: </div>\n<div class=\"t s2_213\" id=\"t6_213\" style=\"left:606px;bottom:866px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t7_213\" style=\"left:609px;bottom:866px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t8_213\" style=\"left:662px;bottom:866px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_213\" id=\"t9_213\" style=\"left:748px;bottom:866px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s2_213\" id=\"ta_213\" style=\"left:835px;bottom:866px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s2_213\" id=\"tb_213\" style=\"left:606px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tc_213\" style=\"left:609px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"td_213\" style=\"left:611px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"te_213\" style=\"left:613px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tf_213\" style=\"left:662px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div><div class=\"t s2_213\" id=\"tg_213\" style=\"left:695px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"th_213\" style=\"left:698px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"ti_213\" style=\"left:700px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tj_213\" style=\"left:748px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div><div class=\"t s2_213\" id=\"tk_213\" style=\"left:782px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tl_213\" style=\"left:784px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tm_213\" style=\"left:787px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tn_213\" style=\"left:835px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div>\n<div class=\"t s3_213\" id=\"to_213\" style=\"left:69px;bottom:834px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Life expectancy at age 60 </div><div class=\"t s1_213\" id=\"tp_213\" style=\"left:677px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tq_213\" style=\"left:680px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tr_213\" style=\"left:763px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"ts_213\" style=\"left:766px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tt_213\" style=\"left:850px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tu_213\" style=\"left:853px;bottom:834px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"tv_213\" style=\"left:65px;bottom:816px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"tw_213\" style=\"left:677px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"tx_213\" style=\"left:680px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"ty_213\" style=\"left:763px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tz_213\" style=\"left:766px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t10_213\" style=\"left:850px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t11_213\" style=\"left:853px;bottom:816px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t12_213\" style=\"left:78px;bottom:797px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t13_213\" style=\"left:661px;bottom:797px;letter-spacing:-0.55px;display:inline;\">27.4 </div><div class=\"t s1_213\" id=\"t14_213\" style=\"left:751px;bottom:797px;letter-spacing:-0.7px;display:inline;\">27.6 </div><div class=\"t s1_213\" id=\"t15_213\" style=\"left:837px;bottom:797px;letter-spacing:-0.7px;display:inline;\">27.6 </div>\n<div class=\"t s1_213\" id=\"t16_213\" style=\"left:78px;bottom:779px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t17_213\" style=\"left:660px;bottom:779px;letter-spacing:-0.02px;display:inline;\">30.1 </div><div class=\"t s1_213\" id=\"t18_213\" style=\"left:749px;bottom:779px;letter-spacing:-0.17px;display:inline;\">30.1 </div><div class=\"t s1_213\" id=\"t19_213\" style=\"left:836px;bottom:779px;letter-spacing:-0.17px;display:inline;\">30.1 </div>\n<div class=\"t s1_213\" id=\"t1a_213\" style=\"left:65px;bottom:760px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s1_213\" id=\"t1b_213\" style=\"left:78px;bottom:742px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t1c_213\" style=\"left:660px;bottom:742px;letter-spacing:-0.08px;display:inline;\">24.9 </div><div class=\"t s1_213\" id=\"t1d_213\" style=\"left:750px;bottom:742px;letter-spacing:-0.44px;display:inline;\">24.7 </div><div class=\"t s1_213\" id=\"t1e_213\" style=\"left:836px;bottom:742px;letter-spacing:-0.44px;display:inline;\">24.7 </div>\n<div class=\"t s1_213\" id=\"t1f_213\" style=\"left:78px;bottom:724px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t1g_213\" style=\"left:661px;bottom:724px;letter-spacing:-0.59px;display:inline;\">27.1 </div><div class=\"t s1_213\" id=\"t1h_213\" style=\"left:749px;bottom:724px;letter-spacing:-0.08px;display:inline;\">26.8 </div><div class=\"t s1_213\" id=\"t1i_213\" style=\"left:835px;bottom:724px;letter-spacing:-0.08px;display:inline;\">26.8 </div>\n<div class=\"t s3_213\" id=\"t1j_213\" style=\"left:69px;bottom:705px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Life expectancy at age 60 in 20\u00a0years\u2019 time </div><div class=\"t s4_213\" id=\"t1k_213\" style=\"left:677px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t1l_213\" style=\"left:680px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1m_213\" style=\"left:763px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1n_213\" style=\"left:766px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1o_213\" style=\"left:850px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1p_213\" style=\"left:853px;bottom:705px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t1q_213\" style=\"left:65px;bottom:687px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"t1r_213\" style=\"left:677px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t1s_213\" style=\"left:680px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1t_213\" style=\"left:763px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1u_213\" style=\"left:766px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1v_213\" style=\"left:850px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1w_213\" style=\"left:853px;bottom:687px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t1x_213\" style=\"left:78px;bottom:668px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t1y_213\" style=\"left:660px;bottom:668px;letter-spacing:-0.05px;display:inline;\">28.9 </div><div class=\"t s1_213\" id=\"t1z_213\" style=\"left:749px;bottom:668px;letter-spacing:-0.3px;display:inline;\">29.1 </div><div class=\"t s1_213\" id=\"t20_213\" style=\"left:836px;bottom:668px;letter-spacing:-0.3px;display:inline;\">29.1 </div>\n<div class=\"t s1_213\" id=\"t21_213\" style=\"left:78px;bottom:650px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t22_213\" style=\"left:660px;bottom:650px;letter-spacing:-0.05px;display:inline;\">31.5 </div><div class=\"t s1_213\" id=\"t23_213\" style=\"left:749px;bottom:650px;letter-spacing:-0.16px;display:inline;\">31.5 </div><div class=\"t s1_213\" id=\"t24_213\" style=\"left:836px;bottom:650px;letter-spacing:-0.16px;display:inline;\">31.5 </div>\n<div class=\"t s1_213\" id=\"t25_213\" style=\"left:65px;bottom:631px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s1_213\" id=\"t26_213\" style=\"left:78px;bottom:613px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t27_213\" style=\"left:660px;bottom:613px;letter-spacing:-0.08px;display:inline;\">24.9 </div><div class=\"t s1_213\" id=\"t28_213\" style=\"left:749px;bottom:613px;letter-spacing:-0.31px;display:inline;\">24.6 </div><div class=\"t s1_213\" id=\"t29_213\" style=\"left:836px;bottom:613px;letter-spacing:-0.31px;display:inline;\">24.6 </div>\n<div class=\"t s1_213\" id=\"t2a_213\" style=\"left:78px;bottom:594px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t2b_213\" style=\"left:662px;bottom:594px;letter-spacing:-0.62px;display:inline;\">27.6 </div><div class=\"t s1_213\" id=\"t2c_213\" style=\"left:750px;bottom:594px;letter-spacing:-0.58px;display:inline;\">27.3 </div><div class=\"t s1_213\" id=\"t2d_213\" style=\"left:837px;bottom:594px;letter-spacing:-0.58px;display:inline;\">27.3 </div>\n<div class=\"t s5_213\" id=\"t2e_213\" style=\"left:65px;bottom:565px;letter-spacing:-0.41px;display:inline;\">18.6 </div><div class=\"t s6_213\" id=\"t2f_213\" style=\"left:96px;bottom:565px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">Sensitivity analysis </div>\n<div class=\"t s1_213\" id=\"t2g_213\" style=\"left:65px;bottom:548px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is sensitive to the assumptions used. The following table summarises the increase/ </div>\n<div class=\"t s1_213\" id=\"t2h_213\" style=\"left:65px;bottom:532px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">decrease on the\u00a0UK and US de\ufb01ned bene\ufb01t obligation and pension costs as a result of reasonably possible changes in some of the </div>\n<div class=\"t s1_213\" id=\"t2i_213\" style=\"left:65px;bottom:517px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">assumptions while holding all other assumptions consistent. The sensitivity to the in\ufb02ation assumption change includes corresponding </div>\n<div class=\"t s1_213\" id=\"t2j_213\" style=\"left:65px;bottom:502px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">changes to the future pension increase assumptions. The analysis does not take into account the full distribution of cash \ufb02ows expected </div>\n<div class=\"t s1_213\" id=\"t2k_213\" style=\"left:65px;bottom:486px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">under the plan. </div>\n<div class=\"t s1_213\" id=\"t2l_213\" style=\"left:65px;bottom:463px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Changes to the in\ufb02ation assumption will not have any e\ufb00ect on the US Pension Plan as it was closed to future accrual in 2014 and it has </div>\n<div class=\"t s1_213\" id=\"t2m_213\" style=\"left:65px;bottom:447px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">no other in\ufb02ation-linked assumptions. </div>\n<div class=\"t s2_213\" id=\"t2n_213\" style=\"left:544px;bottom:434px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Increase in pension obligation </div><div class=\"t s2_213\" id=\"t2o_213\" style=\"left:745px;bottom:434px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Increase in pension cost </div>\n<div class=\"t s2_213\" id=\"t2p_213\" style=\"left:866px;bottom:429px;display:inline;\">\u00a0</div>\n<div class=\"t s2_213\" id=\"t2q_213\" style=\"left:65px;bottom:417px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_213\" id=\"t2r_213\" style=\"left:520px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2s_213\" style=\"left:522px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2t_213\" style=\"left:524px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2u_213\" style=\"left:527px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2v_213\" style=\"left:539px;bottom:417px;letter-spacing:-0.38px;display:inline;\">+50bps/+1yr\u00a0</div><div class=\"t s2_213\" id=\"t2w_213\" style=\"left:609px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2x_213\" style=\"left:611px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2y_213\" style=\"left:613px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2z_213\" style=\"left:628px;bottom:417px;letter-spacing:-0.32px;display:inline;\">-50bps/-1yr\u00a0</div><div class=\"t s2_213\" id=\"t30_213\" style=\"left:695px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t31_213\" style=\"left:698px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t32_213\" style=\"left:700px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t33_213\" style=\"left:709px;bottom:417px;letter-spacing:-0.33px;word-spacing:0.06px;display:inline;\">+50bps/+1 yr </div><div class=\"t s2_213\" id=\"t34_213\" style=\"left:780px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t35_213\" style=\"left:782px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t36_213\" style=\"left:784px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t37_213\" style=\"left:787px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t38_213\" style=\"left:801px;bottom:417px;letter-spacing:-0.32px;display:inline;\">-50bps/-1yr\u00a0</div>\n<div class=\"t s1_213\" id=\"t39_213\" style=\"left:65px;bottom:398px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"t3a_213\" style=\"left:520px;bottom:398px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t3b_213\" style=\"left:78px;bottom:379px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t s4_213\" id=\"t3c_213\" style=\"left:520px;bottom:379px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3d_213\" style=\"left:569px;bottom:379px;letter-spacing:-0.12px;display:inline;\">(29.0) </div><div class=\"t s4_213\" id=\"t3e_213\" style=\"left:660px;bottom:379px;letter-spacing:-0.11px;display:inline;\">32.0 </div><div class=\"t s4_213\" id=\"t3f_213\" style=\"left:750px;bottom:379px;letter-spacing:-0.05px;display:inline;\">(1.0) </div><div class=\"t s4_213\" id=\"t3g_213\" style=\"left:841px;bottom:379px;letter-spacing:0.08px;display:inline;\">2.0 </div>\n<div class=\"t s1_213\" id=\"t3h_213\" style=\"left:78px;bottom:361px;letter-spacing:0.14px;display:inline;\">In\ufb02ation </div><div class=\"t s4_213\" id=\"t3i_213\" style=\"left:520px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3j_213\" style=\"left:574px;bottom:361px;letter-spacing:-0.15px;display:inline;\">29.0 </div><div class=\"t s4_213\" id=\"t3k_213\" style=\"left:656px;bottom:361px;letter-spacing:-0.39px;display:inline;\">(27.0) </div><div class=\"t s4_213\" id=\"t3l_213\" style=\"left:755px;bottom:361px;letter-spacing:0.08px;display:inline;\">2.0 </div><div class=\"t s4_213\" id=\"t3m_213\" style=\"left:854px;bottom:361px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t3n_213\" style=\"left:78px;bottom:342px;letter-spacing:0.29px;display:inline;\">Mortality </div><div class=\"t s4_213\" id=\"t3o_213\" style=\"left:520px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3p_213\" style=\"left:574px;bottom:342px;letter-spacing:-0.16px;display:inline;\">16.0 </div><div class=\"t s4_213\" id=\"t3q_213\" style=\"left:657px;bottom:342px;letter-spacing:-0.54px;display:inline;\">(17.0) </div><div class=\"t s4_213\" id=\"t3r_213\" style=\"left:755px;bottom:342px;letter-spacing:0.09px;display:inline;\">1.0 </div><div class=\"t s4_213\" id=\"t3s_213\" style=\"left:854px;bottom:342px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t3t_213\" style=\"left:65px;bottom:324px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div><div class=\"t s4_213\" id=\"t3u_213\" style=\"left:520px;bottom:324px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t3v_213\" style=\"left:78px;bottom:305px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t s4_213\" id=\"t3w_213\" style=\"left:520px;bottom:305px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3x_213\" style=\"left:569px;bottom:305px;letter-spacing:-0.12px;display:inline;\">(14.0) </div><div class=\"t s4_213\" id=\"t3y_213\" style=\"left:660px;bottom:305px;letter-spacing:-0.08px;display:inline;\">14.0 </div><div class=\"t s4_213\" id=\"t3z_213\" style=\"left:767px;bottom:305px;display:inline;\">\u2013 </div><div class=\"t s4_213\" id=\"t40_213\" style=\"left:854px;bottom:305px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t41_213\" style=\"left:78px;bottom:287px;letter-spacing:0.29px;display:inline;\">Mortality </div><div class=\"t s4_213\" id=\"t42_213\" style=\"left:520px;bottom:287px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t43_213\" style=\"left:582px;bottom:287px;letter-spacing:0.04px;display:inline;\">8.0 </div><div class=\"t s4_213\" id=\"t44_213\" style=\"left:663px;bottom:287px;letter-spacing:-0.06px;display:inline;\">(8.0) </div><div class=\"t s4_213\" id=\"t45_213\" style=\"left:767px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t s4_213\" id=\"t46_213\" style=\"left:854px;bottom:287px;display:inline;\">\u2013 </div>\n<div class=\"t s7_213\" id=\"t47_213\" style=\"left:830px;bottom:11px;letter-spacing:-1.3px;display:inline;\">211 </div><div class=\"t s8_213\" id=\"t48_213\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s9_213\" id=\"t49_213\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sa_213\" id=\"t4a_213\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sa_213\" id=\"t4b_213\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sb_213\" id=\"t4c_213\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sa_213\" id=\"t4d_213\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_214\" id=\"t1_214\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_214\" id=\"t2_214\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_214\" id=\"t3_214\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_214\" id=\"t4_214\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_214\" id=\"t5_214\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_214\" id=\"t6_214\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_214\" id=\"t7_214\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_214\" id=\"t8_214\" style=\"left:43px;bottom:938px;letter-spacing:-0.51px;display:inline;\">18.7 </div><div class=\"t s9_214\" id=\"t9_214\" style=\"left:74px;bottom:938px;letter-spacing:-0.18px;display:inline;\">Risk </div>\n<div class=\"t sa_214\" id=\"ta_214\" style=\"left:43px;bottom:921px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The pension plans expose the Group to the following risks: </div>\n<div class=\"t sb_214\" id=\"tb_214\" style=\"left:43px;bottom:893px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div><div class=\"t sa_214\" id=\"tc_214\" style=\"left:217px;bottom:893px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">Volatility in \ufb01nancial markets can change the calculations of the obligation signi\ufb01cantly as the calculation </div>\n<div class=\"t sa_214\" id=\"td_214\" style=\"left:217px;bottom:877px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">of\u00a0the obligation is linked to yields on AA rated corporate bonds. A decrease in the bond yield will increase </div>\n<div class=\"t sa_214\" id=\"te_214\" style=\"left:217px;bottom:862px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">the measure of\u00a0plan liabilities, although this will be partially o\ufb00set by increases in the value of\u00a0matching </div>\n<div class=\"t sa_214\" id=\"tf_214\" style=\"left:217px;bottom:847px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">plan assets such as bonds and insurance contracts. </div>\n<div class=\"t sa_214\" id=\"tg_214\" style=\"left:217px;bottom:823px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">In the UK, the liability matching portfolio held in conventional and index-linked gilts was transferred </div>\n<div class=\"t sa_214\" id=\"th_214\" style=\"left:217px;bottom:808px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">into\u00a0liability driven investments in order to reduce interest rate risk. </div>\n<div class=\"t sb_214\" id=\"ti_214\" style=\"left:43px;bottom:781px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">In\ufb02ation risk </div><div class=\"t sa_214\" id=\"tj_214\" style=\"left:217px;bottom:781px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">The UK Plan is linked to in\ufb02ation. A high rate of in\ufb02ation will lead to a higher liability. This risk is managed </div>\n<div class=\"t sa_214\" id=\"tk_214\" style=\"left:217px;bottom:765px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by holding in\ufb02ation-linked bonds and an in\ufb02ation-linked insurance contract in respect of some of the </div>\n<div class=\"t sa_214\" id=\"tl_214\" style=\"left:217px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">obligation. In the UK, the liability matching portfolio held in conventional and index-linked gilts was </div>\n<div class=\"t sa_214\" id=\"tm_214\" style=\"left:217px;bottom:735px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">transferred into liability driven investments in\u00a0order to reduce in\ufb02ation risk. </div>\n<div class=\"t sa_214\" id=\"tn_214\" style=\"left:217px;bottom:711px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">The UK Plan is closed to future accrual which reduces the exposure to this risk. The US Plan is also </div>\n<div class=\"t sa_214\" id=\"to_214\" style=\"left:217px;bottom:696px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">closed\u00a0to\u00a0future accrual and has no other in\ufb02ation-linkage thus eliminating the exposure to this risk. </div>\n<div class=\"t sb_214\" id=\"tp_214\" style=\"left:43px;bottom:668px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Investment risk </div><div class=\"t sa_214\" id=\"tq_214\" style=\"left:217px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">If the return on plan assets is below the discount rate, all else being equal, there will be an increase </div>\n<div class=\"t sa_214\" id=\"tr_214\" style=\"left:217px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">in\u00a0the\u00a0plan de\ufb01cit. </div>\n<div class=\"t sa_214\" id=\"ts_214\" style=\"left:217px;bottom:629px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">In the UK, this risk is partially managed by a portfolio of liability matching assets and a bulk annuity, </div>\n<div class=\"t sa_214\" id=\"tt_214\" style=\"left:217px;bottom:614px;word-spacing:-0.11px;display:inline;\">together with a\u00a0dynamic de-risking policy to switch growth assets into liability matching assets over time. </div>\n<div class=\"t sa_214\" id=\"tu_214\" style=\"left:217px;bottom:590px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The US Plan has a dynamic de-risking policy to shi\ufb05 plan assets from return-seeking (growth) assets to </div>\n<div class=\"t sa_214\" id=\"tv_214\" style=\"left:217px;bottom:575px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">liability matching assets over time. The US Pension Plan has an established glide path that is designed </div>\n<div class=\"t sa_214\" id=\"tw_214\" style=\"left:217px;bottom:559px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">to\u00a0stabilise funding status by reducing the plan\u2019s exposure to return-seeking assets. </div>\n<div class=\"t sb_214\" id=\"tx_214\" style=\"left:43px;bottom:532px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Longevity risk </div><div class=\"t sa_214\" id=\"ty_214\" style=\"left:217px;bottom:532px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The present value of the plan\u2019s de\ufb01ned bene\ufb01t liability is calculated by reference to the best estimate </div>\n<div class=\"t sa_214\" id=\"tz_214\" style=\"left:217px;bottom:517px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">of the mortality of the plan participants both during and a\ufb05er their employment. An increase in the life </div>\n<div class=\"t sa_214\" id=\"t10_214\" style=\"left:217px;bottom:502px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">expectancy of plan participants above that assumed will increase the bene\ufb01t obligation. </div>\n<div class=\"t sa_214\" id=\"t11_214\" style=\"left:217px;bottom:478px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The UK Plan, in order to minimise longevity risk, has entered into an insurance contract which covers </div>\n<div class=\"t sa_214\" id=\"t12_214\" style=\"left:217px;bottom:463px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">a\u00a0portion of\u00a0pensioner obligations. </div>\n<div class=\"t s8_214\" id=\"t13_214\" style=\"left:43px;bottom:428px;letter-spacing:-0.3px;display:inline;\">18.8 </div><div class=\"t s9_214\" id=\"t14_214\" style=\"left:75px;bottom:428px;letter-spacing:-0.22px;display:inline;\">Funding </div>\n<div class=\"t sa_214\" id=\"t15_214\" style=\"left:43px;bottom:411px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">A full valuation is performed by actuaries for the Trustees/Pension Committee of each plan to determine the level of funding required. </div>\n<div class=\"t sa_214\" id=\"t16_214\" style=\"left:43px;bottom:396px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Employer contribution rates, based on these full valuations, are agreed between the Trustees/Pension Committee of each plan and </div>\n<div class=\"t sa_214\" id=\"t17_214\" style=\"left:43px;bottom:380px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the Group. The assumptions used in the actuarial valuations used for funding purposes may di\ufb00er from the accounting assumptions </div>\n<div class=\"t sa_214\" id=\"t18_214\" style=\"left:43px;bottom:365px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">set\u00a0out above. </div>\n<div class=\"t sc_214\" id=\"t19_214\" style=\"left:43px;bottom:341px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div>\n<div class=\"t sa_214\" id=\"t1a_214\" style=\"left:43px;bottom:323px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The most recent full actuarial valuation of the UK Plan was undertaken as at 30 September 2020. Future accruals to the UK Plan ceased </div>\n<div class=\"t sa_214\" id=\"t1b_214\" style=\"left:43px;bottom:308px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">as at 31 December 2016. Contributions to the UK Plan in 2022 were $nil (2021: $7m, 2020: $nil). This included supplementary payments </div>\n<div class=\"t sa_214\" id=\"t1c_214\" style=\"left:43px;bottom:293px;letter-spacing:-0.11px;word-spacing:0.13px;display:inline;\">of\u00a0$nil (2021: $7m, 2020: $nil). </div>\n<div class=\"t sa_214\" id=\"t1d_214\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Following the completion of the 30 September 2020 valuation, a dynamic contribution mechanism was agreed. Under that dynamic </div>\n<div class=\"t sa_214\" id=\"t1e_214\" style=\"left:43px;bottom:253px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">contribution mechanism, no further contributions were required in 2021 or 2022. </div>\n<div class=\"t sc_214\" id=\"t1f_214\" style=\"left:43px;bottom:229px;letter-spacing:0.11px;word-spacing:-0.06px;display:inline;\">US Plan </div>\n<div class=\"t sa_214\" id=\"t1g_214\" style=\"left:43px;bottom:211px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The most recent full actuarial valuation of the US Plan was undertaken as at 1 January 2022. The next full actuarial valuation will </div>\n<div class=\"t sa_214\" id=\"t1h_214\" style=\"left:43px;bottom:196px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">take\u00a0place as at 1 January 2023. Future accruals to the US Plan ceased as at 31 March 2014. Contributions to the US Plan were $nil </div>\n<div class=\"t sa_214\" id=\"t1i_214\" style=\"left:43px;bottom:181px;letter-spacing:0.02px;display:inline;\">(2021: $nil, 2020:\u00a0$nil) which represented supplementary payments of $nil (2021: $nil, 2020: $nil). </div>\n<div class=\"t sa_214\" id=\"t1j_214\" style=\"left:43px;bottom:157px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">There are no planned supplementary contributions to the US Plan for 2023. </div>\n<div class=\"t sd_214\" id=\"t1k_214\" style=\"left:43px;bottom:11px;letter-spacing:-1.14px;display:inline;\">212 </div><div class=\"t se_214\" id=\"t1l_214\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sf_214\" id=\"t1m_214\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_215\" id=\"t1_215\" style=\"left:65px;bottom:956px;letter-spacing:-0.84px;display:inline;\">19 </div><div class=\"t s2_215\" id=\"t2_215\" style=\"left:87px;bottom:956px;letter-spacing:-0.03px;display:inline;\">Equity </div>\n<div class=\"t s3_215\" id=\"t3_215\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_215\" id=\"t4_215\" style=\"left:74px;bottom:911px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Incremental costs directly attributable to the issue of ordinary shares, net of any tax e\ufb00ects, are recognised as a deduction </div>\n<div class=\"t s4_215\" id=\"t5_215\" style=\"left:74px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">from equity. </div>\n<div class=\"t s4_215\" id=\"t6_215\" style=\"left:74px;bottom:872px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable </div>\n<div class=\"t s4_215\" id=\"t7_215\" style=\"left:74px;bottom:857px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">costs, net of any tax e\ufb00ects, is recognised as a deduction from equity. Repurchased shares are classi\ufb01ed as treasury shares and </div>\n<div class=\"t s4_215\" id=\"t8_215\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are\u00a0presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is </div>\n<div class=\"t s4_215\" id=\"t9_215\" style=\"left:74px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">recognised as an increase in\u00a0equity and the resulting surplus or de\ufb01cit on the transaction is presented within share premium. </div>\n<div class=\"t s5_215\" id=\"ta_215\" style=\"left:65px;bottom:788px;letter-spacing:-0.56px;display:inline;\">19.1 </div><div class=\"t s6_215\" id=\"tb_215\" style=\"left:95px;bottom:788px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Share capital </div>\n<div class=\"t s7_215\" id=\"tc_215\" style=\"left:495px;bottom:766px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Ordinary shares (20\u00a2) </div><div class=\"t s7_215\" id=\"td_215\" style=\"left:657px;bottom:766px;letter-spacing:-0.14px;word-spacing:-0.11px;display:inline;\">Deferred shares (\u00a31.00) </div>\n<div class=\"t s7_215\" id=\"te_215\" style=\"left:836px;bottom:762px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s7_215\" id=\"tf_215\" style=\"left:433px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tg_215\" style=\"left:435px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"th_215\" style=\"left:438px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ti_215\" style=\"left:440px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:467px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tk_215\" style=\"left:522px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tl_215\" style=\"left:524px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tm_215\" style=\"left:527px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tn_215\" style=\"left:560px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"to_215\" style=\"left:606px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tp_215\" style=\"left:609px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tq_215\" style=\"left:611px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tr_215\" style=\"left:613px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ts_215\" style=\"left:640px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tt_215\" style=\"left:695px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tu_215\" style=\"left:698px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tv_215\" style=\"left:700px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tw_215\" style=\"left:733px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"tx_215\" style=\"left:780px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ty_215\" style=\"left:782px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tz_215\" style=\"left:784px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t10_215\" style=\"left:787px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t11_215\" style=\"left:820px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"t12_215\" style=\"left:866px;bottom:750px;display:inline;\">\u00a0</div>\n<div class=\"t s8_215\" id=\"t13_215\" style=\"left:69px;bottom:730px;letter-spacing:0.16px;display:inline;\">Authorised </div><div class=\"t s9_215\" id=\"t14_215\" style=\"left:503px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t15_215\" style=\"left:506px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t16_215\" style=\"left:590px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t17_215\" style=\"left:593px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t18_215\" style=\"left:677px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t19_215\" style=\"left:680px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1a_215\" style=\"left:763px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1b_215\" style=\"left:766px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1c_215\" style=\"left:850px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1d_215\" style=\"left:853px;bottom:730px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t1e_215\" style=\"left:65px;bottom:711px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t1f_215\" style=\"left:456px;bottom:711px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1g_215\" style=\"left:579px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1h_215\" style=\"left:673px;bottom:711px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1i_215\" style=\"left:767px;bottom:711px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1j_215\" style=\"left:839px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1k_215\" style=\"left:65px;bottom:693px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t1l_215\" style=\"left:456px;bottom:693px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1m_215\" style=\"left:579px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1n_215\" style=\"left:673px;bottom:693px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1o_215\" style=\"left:767px;bottom:693px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1p_215\" style=\"left:839px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1q_215\" style=\"left:65px;bottom:675px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t1r_215\" style=\"left:450px;bottom:675px;letter-spacing:-0.12px;display:inline;\">1,223,591 </div><div class=\"t sa_215\" id=\"t1s_215\" style=\"left:577px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div><div class=\"t sa_215\" id=\"t1t_215\" style=\"left:672px;bottom:675px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t1u_215\" style=\"left:767px;bottom:675px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t1v_215\" style=\"left:837px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div>\n<div class=\"t s8_215\" id=\"t1w_215\" style=\"left:69px;bottom:656px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Allotted, issued and fully paid </div><div class=\"t s9_215\" id=\"t1x_215\" style=\"left:503px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1y_215\" style=\"left:506px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1z_215\" style=\"left:590px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t20_215\" style=\"left:593px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t21_215\" style=\"left:677px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t22_215\" style=\"left:680px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t23_215\" style=\"left:763px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t24_215\" style=\"left:766px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t25_215\" style=\"left:850px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t26_215\" style=\"left:853px;bottom:656px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t27_215\" style=\"left:65px;bottom:638px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">At 1 January\u00a02020 </div><div class=\"t s9_215\" id=\"t28_215\" style=\"left:466px;bottom:638px;letter-spacing:-0.15px;display:inline;\">885,207 </div><div class=\"t s9_215\" id=\"t29_215\" style=\"left:579px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2a_215\" style=\"left:673px;bottom:638px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2b_215\" style=\"left:767px;bottom:638px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2c_215\" style=\"left:839px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2d_215\" style=\"left:65px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2e_215\" style=\"left:492px;bottom:619px;letter-spacing:-0.53px;display:inline;\">327 </div><div class=\"t s9_215\" id=\"t2f_215\" style=\"left:593px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2g_215\" style=\"left:680px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2h_215\" style=\"left:767px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2i_215\" style=\"left:853px;bottom:619px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2j_215\" style=\"left:65px;bottom:601px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t s9_215\" id=\"t2k_215\" style=\"left:488px;bottom:601px;letter-spacing:-0.18px;display:inline;\">(649) </div><div class=\"t s9_215\" id=\"t2l_215\" style=\"left:593px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2m_215\" style=\"left:680px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2n_215\" style=\"left:767px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2o_215\" style=\"left:853px;bottom:601px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2p_215\" style=\"left:65px;bottom:582px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t2q_215\" style=\"left:465px;bottom:582px;letter-spacing:0.03px;display:inline;\">884,885 </div><div class=\"t s9_215\" id=\"t2r_215\" style=\"left:579px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2s_215\" style=\"left:673px;bottom:582px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2t_215\" style=\"left:767px;bottom:582px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2u_215\" style=\"left:839px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2v_215\" style=\"left:65px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2w_215\" style=\"left:491px;bottom:564px;letter-spacing:0.04px;display:inline;\">306 </div><div class=\"t s9_215\" id=\"t2x_215\" style=\"left:593px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2y_215\" style=\"left:680px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2z_215\" style=\"left:767px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t30_215\" style=\"left:853px;bottom:564px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t31_215\" style=\"left:65px;bottom:546px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t32_215\" style=\"left:467px;bottom:546px;letter-spacing:-0.26px;display:inline;\">885,191 </div><div class=\"t s9_215\" id=\"t33_215\" style=\"left:579px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t34_215\" style=\"left:673px;bottom:546px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t35_215\" style=\"left:767px;bottom:546px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t36_215\" style=\"left:839px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t37_215\" style=\"left:65px;bottom:527px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t sa_215\" id=\"t38_215\" style=\"left:490px;bottom:527px;letter-spacing:-0.39px;display:inline;\">229 </div><div class=\"t sa_215\" id=\"t39_215\" style=\"left:594px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3a_215\" style=\"left:681px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3b_215\" style=\"left:767px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3c_215\" style=\"left:854px;bottom:527px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t3d_215\" style=\"left:65px;bottom:509px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_215\" id=\"t3e_215\" style=\"left:475px;bottom:509px;letter-spacing:-0.38px;display:inline;\">(7,770) </div><div class=\"t sa_215\" id=\"t3f_215\" style=\"left:588px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sa_215\" id=\"t3g_215\" style=\"left:681px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3h_215\" style=\"left:767px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3i_215\" style=\"left:848px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div>\n<div class=\"t s8_215\" id=\"t3j_215\" style=\"left:65px;bottom:490px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t3k_215\" style=\"left:463px;bottom:490px;letter-spacing:-0.37px;display:inline;\">877,650 </div><div class=\"t sa_215\" id=\"t3l_215\" style=\"left:578px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t sa_215\" id=\"t3m_215\" style=\"left:671px;bottom:490px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t3n_215\" style=\"left:767px;bottom:490px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3o_215\" style=\"left:837px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div>\n<div class=\"t s9_215\" id=\"t3p_215\" style=\"left:65px;bottom:461px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The deferred shares were issued in 2006 in order to comply with English Company law. They are not listed on any stock exchange </div>\n<div class=\"t s9_215\" id=\"t3q_215\" style=\"left:65px;bottom:446px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0have extremely limited rights and e\ufb00ectively have no value. These rights are summarised as follows: </div>\n<div class=\"t s9_215\" id=\"t3r_215\" style=\"left:65px;bottom:422px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3s_215\" style=\"left:78px;bottom:422px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The holder shall not be entitled to participate in the pro\ufb01ts of the Company; </div>\n<div class=\"t s9_215\" id=\"t3t_215\" style=\"left:65px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3u_215\" style=\"left:78px;bottom:405px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The holder shall not have any right to participate in any distribution of the Company\u2019s assets on a winding-up or other distribution </div>\n<div class=\"t s9_215\" id=\"t3v_215\" style=\"left:78px;bottom:389px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">except that a\ufb05er the return of the nominal amount paid up on each share in the capital of the Company of any class other than </div>\n<div class=\"t s9_215\" id=\"t3w_215\" style=\"left:78px;bottom:374px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the deferred shares and the distribution of a further $1,000 in respect of each such share there shall be distributed to a holder </div>\n<div class=\"t s9_215\" id=\"t3x_215\" style=\"left:78px;bottom:359px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of a deferred share (for\u00a0each deferred share held) an amount equal to the nominal value of the deferred share; </div>\n<div class=\"t s9_215\" id=\"t3y_215\" style=\"left:65px;bottom:341px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3z_215\" style=\"left:78px;bottom:341px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The holder shall not be entitled to receive notice, attend, speak or vote at any general meeting of the Company; and </div>\n<div class=\"t s9_215\" id=\"t40_215\" style=\"left:65px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t41_215\" style=\"left:78px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Company may create, allot and issue further shares or reduce or repay the whole or any part of its share capital or other </div>\n<div class=\"t s9_215\" id=\"t42_215\" style=\"left:78px;bottom:309px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">capital\u00a0reserves without obtaining the consent of the holders of the deferred shares. </div>\n<div class=\"t s9_215\" id=\"t43_215\" style=\"left:65px;bottom:285px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The Group\u2019s objectives when managing capital are to ensure the Group has adequate funds to continue as a going concern and su\ufb03cient </div>\n<div class=\"t s9_215\" id=\"t44_215\" style=\"left:65px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02exibility within the capital structure to fund the ongoing growth of the business and to take advantage of business development </div>\n<div class=\"t s9_215\" id=\"t45_215\" style=\"left:65px;bottom:254px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">opportunities including acquisitions. </div>\n<div class=\"t s9_215\" id=\"t46_215\" style=\"left:65px;bottom:230px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group determines the amount of capital taking into account changes in business risks and future cash requirements. The Group </div>\n<div class=\"t s9_215\" id=\"t47_215\" style=\"left:65px;bottom:215px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">reviews its capital structure on an ongoing basis and uses share buy-backs, dividends and the issue of new shares to adjust the </div>\n<div class=\"t s9_215\" id=\"t48_215\" style=\"left:65px;bottom:200px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">retained capital. </div>\n<div class=\"t sb_215\" id=\"t49_215\" style=\"left:830px;bottom:11px;letter-spacing:-1.01px;display:inline;\">213 </div><div class=\"t sc_215\" id=\"t4a_215\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_215\" id=\"t4b_215\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t se_215\" id=\"t4c_215\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t se_215\" id=\"t4d_215\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sf_215\" id=\"t4e_215\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t se_215\" id=\"t4f_215\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_216\" id=\"t1_216\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_216\" id=\"t2_216\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_216\" id=\"t3_216\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_216\" id=\"t4_216\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_216\" id=\"t5_216\" style=\"left:43px;bottom:956px;letter-spacing:-0.84px;display:inline;\">19 </div><div class=\"t s6_216\" id=\"t6_216\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;display:inline;\">Equity </div><div class=\"t s7_216\" id=\"t7_216\" style=\"left:113px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_216\" id=\"t8_216\" style=\"left:43px;bottom:939px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group considers the capital that it manages to be as follows: </div>\n<div class=\"t s9_216\" id=\"t9_216\" style=\"left:585px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ta_216\" style=\"left:587px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tb_216\" style=\"left:640px;bottom:925px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_216\" id=\"tc_216\" style=\"left:727px;bottom:925px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_216\" id=\"td_216\" style=\"left:813px;bottom:925px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_216\" id=\"te_216\" style=\"left:585px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tf_216\" style=\"left:587px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tg_216\" style=\"left:589px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"th_216\" style=\"left:592px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ti_216\" style=\"left:625px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tj_216\" style=\"left:671px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tk_216\" style=\"left:674px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tl_216\" style=\"left:676px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tm_216\" style=\"left:678px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tn_216\" style=\"left:711px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"to_216\" style=\"left:758px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tp_216\" style=\"left:760px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tq_216\" style=\"left:763px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tr_216\" style=\"left:765px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ts_216\" style=\"left:798px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tt_216\" style=\"left:844px;bottom:913px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"tu_216\" style=\"left:43px;bottom:894px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Share capital </div><div class=\"t sa_216\" id=\"tv_216\" style=\"left:643px;bottom:894px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t s8_216\" id=\"tw_216\" style=\"left:731px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s8_216\" id=\"tx_216\" style=\"left:817px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s8_216\" id=\"ty_216\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Share premium </div><div class=\"t sa_216\" id=\"tz_216\" style=\"left:642px;bottom:875px;letter-spacing:-0.44px;display:inline;\">615 </div><div class=\"t s8_216\" id=\"t10_216\" style=\"left:731px;bottom:875px;letter-spacing:-0.73px;display:inline;\">614 </div><div class=\"t s8_216\" id=\"t11_216\" style=\"left:817px;bottom:875px;letter-spacing:-0.53px;display:inline;\">612 </div>\n<div class=\"t s8_216\" id=\"t12_216\" style=\"left:43px;bottom:857px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Capital redemption reserve </div><div class=\"t sa_216\" id=\"t13_216\" style=\"left:650px;bottom:857px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s8_216\" id=\"t14_216\" style=\"left:738px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s8_216\" id=\"t15_216\" style=\"left:825px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div>\n<div class=\"t s8_216\" id=\"t16_216\" style=\"left:43px;bottom:838px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Treasury shares </div><div class=\"t sa_216\" id=\"t17_216\" style=\"left:637px;bottom:838px;letter-spacing:-0.35px;display:inline;\">(118) </div><div class=\"t s8_216\" id=\"t18_216\" style=\"left:727px;bottom:838px;letter-spacing:-0.25px;display:inline;\">(120) </div><div class=\"t s8_216\" id=\"t19_216\" style=\"left:813px;bottom:838px;letter-spacing:-0.13px;display:inline;\">(157) </div>\n<div class=\"t s8_216\" id=\"t1a_216\" style=\"left:43px;bottom:820px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Retained earnings and other reserves </div><div class=\"t sa_216\" id=\"t1b_216\" style=\"left:630px;bottom:820px;letter-spacing:-0.09px;display:inline;\">4,567 </div><div class=\"t s8_216\" id=\"t1c_216\" style=\"left:720px;bottom:820px;letter-spacing:-0.14px;display:inline;\">4,879 </div><div class=\"t s8_216\" id=\"t1d_216\" style=\"left:807px;bottom:820px;letter-spacing:-0.21px;display:inline;\">4,629 </div>\n<div class=\"t sa_216\" id=\"t1e_216\" style=\"left:630px;bottom:802px;letter-spacing:-0.14px;display:inline;\">5,259 </div><div class=\"t s8_216\" id=\"t1f_216\" style=\"left:719px;bottom:802px;letter-spacing:0.01px;display:inline;\">5,568 </div><div class=\"t s8_216\" id=\"t1g_216\" style=\"left:806px;bottom:802px;letter-spacing:-0.19px;display:inline;\">5,279 </div>\n<div class=\"t sb_216\" id=\"t1h_216\" style=\"left:43px;bottom:772px;letter-spacing:-0.45px;display:inline;\">19.2 </div><div class=\"t sc_216\" id=\"t1i_216\" style=\"left:74px;bottom:772px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Treasury shares </div>\n<div class=\"t s8_216\" id=\"t1j_216\" style=\"left:43px;bottom:755px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Treasury shares represent the holding of the Company\u2019s own shares in respect of the Smith &amp; Nephew Employees\u2019 Share Trust and </div>\n<div class=\"t s8_216\" id=\"t1k_216\" style=\"left:43px;bottom:739px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">shares bought back as part of the share buy-back programme. In 2022, the Group purchased a total of 10.1m shares (2021: nil shares) </div>\n<div class=\"t s8_216\" id=\"t1l_216\" style=\"left:43px;bottom:724px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">for\u00a0a cost of $158m (2021: $nil). </div>\n<div class=\"t s8_216\" id=\"t1m_216\" style=\"left:43px;bottom:700px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The Smith &amp; Nephew 2004 Employees\u2019 Share Trust (Trust) was established to hold shares relating to the long-term incentive plans </div>\n<div class=\"t s8_216\" id=\"t1n_216\" style=\"left:43px;bottom:685px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">referred to in the Directors\u2019 Remuneration Report. The Trust is administered by an independent professional trust company resident </div>\n<div class=\"t s8_216\" id=\"t1o_216\" style=\"left:43px;bottom:670px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">in\u00a0Jersey and is funded by a loan from the Company. The cost of the Trust is charged to the income statement as it accrues. A dividend </div>\n<div class=\"t s8_216\" id=\"t1p_216\" style=\"left:43px;bottom:654px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">waiver is in place in respect of those shares held under the long-term incentive plans. The Trust only accepts dividends in respect of </div>\n<div class=\"t s8_216\" id=\"t1q_216\" style=\"left:43px;bottom:639px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">nil-cost options and deferred bonus plan shares. The waiver represents less than 1% of the total dividends paid. </div>\n<div class=\"t s8_216\" id=\"t1r_216\" style=\"left:43px;bottom:615px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The movements in Treasury shares and the Employees\u2019 Share Trust are as follows: </div>\n<div class=\"t s9_216\" id=\"t1s_216\" style=\"left:585px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1t_216\" style=\"left:587px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1u_216\" style=\"left:674px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1v_216\" style=\"left:698px;bottom:601px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t1w_216\" style=\"left:844px;bottom:601px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t1x_216\" style=\"left:624px;bottom:589px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t1y_216\" style=\"left:697px;bottom:589px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t1z_216\" style=\"left:815px;bottom:589px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s9_216\" id=\"t20_216\" style=\"left:585px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t21_216\" style=\"left:587px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t22_216\" style=\"left:589px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t23_216\" style=\"left:592px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t24_216\" style=\"left:625px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t25_216\" style=\"left:671px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t26_216\" style=\"left:674px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t27_216\" style=\"left:676px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t28_216\" style=\"left:678px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t29_216\" style=\"left:711px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2a_216\" style=\"left:758px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:760px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2c_216\" style=\"left:763px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2d_216\" style=\"left:765px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2e_216\" style=\"left:798px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2f_216\" style=\"left:844px;bottom:577px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"t2g_216\" style=\"left:43px;bottom:558px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t2h_216\" style=\"left:643px;bottom:558px;letter-spacing:-0.14px;display:inline;\">136 </div><div class=\"t s8_216\" id=\"t2i_216\" style=\"left:738px;bottom:558px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t s8_216\" id=\"t2j_216\" style=\"left:817px;bottom:558px;letter-spacing:-0.36px;display:inline;\">157 </div>\n<div class=\"t s8_216\" id=\"t2k_216\" style=\"left:43px;bottom:539px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t2l_216\" style=\"left:647px;bottom:539px;letter-spacing:-0.02px;display:inline;\">(30) </div><div class=\"t s8_216\" id=\"t2m_216\" style=\"left:738px;bottom:539px;display:inline;\">30 </div><div class=\"t s8_216\" id=\"t2n_216\" style=\"left:832px;bottom:539px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t2o_216\" style=\"left:43px;bottom:521px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t2p_216\" style=\"left:648px;bottom:521px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t s8_216\" id=\"t2q_216\" style=\"left:734px;bottom:521px;letter-spacing:-0.24px;display:inline;\">(24) </div><div class=\"t s8_216\" id=\"t2r_216\" style=\"left:820px;bottom:521px;letter-spacing:-0.01px;display:inline;\">(37) </div>\n<div class=\"t s8_216\" id=\"t2s_216\" style=\"left:43px;bottom:502px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t2t_216\" style=\"left:651px;bottom:502px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s8_216\" id=\"t2u_216\" style=\"left:738px;bottom:502px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t s8_216\" id=\"t2v_216\" style=\"left:817px;bottom:502px;letter-spacing:-0.33px;display:inline;\">120 </div>\n<div class=\"t s8_216\" id=\"t2w_216\" style=\"left:43px;bottom:484px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t2x_216\" style=\"left:642px;bottom:484px;letter-spacing:-0.23px;display:inline;\">150 </div><div class=\"t sa_216\" id=\"t2y_216\" style=\"left:745px;bottom:484px;display:inline;\">8 </div><div class=\"t sa_216\" id=\"t2z_216\" style=\"left:815px;bottom:484px;letter-spacing:-0.24px;display:inline;\">158 </div>\n<div class=\"t s8_216\" id=\"t30_216\" style=\"left:43px;bottom:465px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t31_216\" style=\"left:646px;bottom:465px;letter-spacing:-0.58px;display:inline;\">(41) </div><div class=\"t sa_216\" id=\"t32_216\" style=\"left:737px;bottom:465px;letter-spacing:-0.57px;display:inline;\">41 </div><div class=\"t sa_216\" id=\"t33_216\" style=\"left:832px;bottom:465px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t34_216\" style=\"left:43px;bottom:447px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t35_216\" style=\"left:653px;bottom:447px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_216\" id=\"t36_216\" style=\"left:732px;bottom:447px;letter-spacing:-0.21px;display:inline;\">(25) </div><div class=\"t sa_216\" id=\"t37_216\" style=\"left:819px;bottom:447px;letter-spacing:-0.44px;display:inline;\">(31) </div>\n<div class=\"t s8_216\" id=\"t38_216\" style=\"left:43px;bottom:429px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t39_216\" style=\"left:637px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div><div class=\"t sa_216\" id=\"t3a_216\" style=\"left:746px;bottom:429px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t3b_216\" style=\"left:810px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div>\n<div class=\"t sd_216\" id=\"t3c_216\" style=\"left:43px;bottom:410px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t3d_216\" style=\"left:650px;bottom:410px;letter-spacing:-0.45px;display:inline;\">67 </div><div class=\"t sa_216\" id=\"t3e_216\" style=\"left:737px;bottom:410px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sa_216\" id=\"t3f_216\" style=\"left:815px;bottom:410px;letter-spacing:-0.49px;display:inline;\">118 </div>\n<div class=\"t s9_216\" id=\"t3g_216\" style=\"left:585px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3h_216\" style=\"left:587px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3i_216\" style=\"left:674px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3j_216\" style=\"left:698px;bottom:383px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t3k_216\" style=\"left:844px;bottom:383px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3l_216\" style=\"left:624px;bottom:371px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t3m_216\" style=\"left:697px;bottom:371px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t3n_216\" style=\"left:815px;bottom:371px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_216\" id=\"t3o_216\" style=\"left:627px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3p_216\" style=\"left:714px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3q_216\" style=\"left:800px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div>\n<div class=\"t s9_216\" id=\"t3r_216\" style=\"left:622px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3s_216\" style=\"left:709px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3t_216\" style=\"left:795px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3u_216\" style=\"left:844px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3v_216\" style=\"left:585px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3w_216\" style=\"left:587px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3x_216\" style=\"left:589px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3y_216\" style=\"left:592px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3z_216\" style=\"left:634px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t40_216\" style=\"left:674px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t41_216\" style=\"left:676px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t42_216\" style=\"left:678px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t43_216\" style=\"left:721px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t44_216\" style=\"left:760px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t45_216\" style=\"left:763px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t46_216\" style=\"left:765px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t47_216\" style=\"left:807px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div>\n<div class=\"t s8_216\" id=\"t48_216\" style=\"left:43px;bottom:310px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t49_216\" style=\"left:650px;bottom:310px;letter-spacing:-0.89px;display:inline;\">7.9 </div><div class=\"t s8_216\" id=\"t4a_216\" style=\"left:735px;bottom:310px;letter-spacing:0.01px;display:inline;\">1.2 </div><div class=\"t s8_216\" id=\"t4b_216\" style=\"left:822px;bottom:310px;letter-spacing:-0.34px;display:inline;\">9.1 </div>\n<div class=\"t s8_216\" id=\"t4c_216\" style=\"left:43px;bottom:292px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t4d_216\" style=\"left:645px;bottom:292px;letter-spacing:-0.11px;display:inline;\">(1.7) </div><div class=\"t s8_216\" id=\"t4e_216\" style=\"left:735px;bottom:292px;letter-spacing:-0.29px;display:inline;\">1.7 </div><div class=\"t s8_216\" id=\"t4f_216\" style=\"left:832px;bottom:292px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4g_216\" style=\"left:43px;bottom:273px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t4h_216\" style=\"left:644px;bottom:273px;letter-spacing:-0.05px;display:inline;\">(0.8) </div><div class=\"t s8_216\" id=\"t4i_216\" style=\"left:731px;bottom:273px;letter-spacing:-0.07px;display:inline;\">(1.3) </div><div class=\"t s8_216\" id=\"t4j_216\" style=\"left:818px;bottom:273px;letter-spacing:-0.27px;display:inline;\">(2.1) </div>\n<div class=\"t s8_216\" id=\"t4k_216\" style=\"left:43px;bottom:255px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t4l_216\" style=\"left:648px;bottom:255px;letter-spacing:-0.1px;display:inline;\">5.4 </div><div class=\"t s8_216\" id=\"t4m_216\" style=\"left:735px;bottom:255px;letter-spacing:-0.09px;display:inline;\">1.6 </div><div class=\"t s8_216\" id=\"t4n_216\" style=\"left:823px;bottom:255px;letter-spacing:-0.76px;display:inline;\">7.0 </div>\n<div class=\"t s8_216\" id=\"t4o_216\" style=\"left:43px;bottom:237px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t4p_216\" style=\"left:647px;bottom:237px;letter-spacing:-0.29px;display:inline;\">9.7 </div><div class=\"t sa_216\" id=\"t4q_216\" style=\"left:733px;bottom:237px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t sa_216\" id=\"t4r_216\" style=\"left:812px;bottom:237px;letter-spacing:-0.16px;display:inline;\">10.1 </div>\n<div class=\"t s8_216\" id=\"t4s_216\" style=\"left:43px;bottom:218px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t4t_216\" style=\"left:641px;bottom:218px;letter-spacing:-0.02px;display:inline;\">(2.6) </div><div class=\"t sa_216\" id=\"t4u_216\" style=\"left:733px;bottom:218px;letter-spacing:0.03px;display:inline;\">2.6 </div><div class=\"t sa_216\" id=\"t4v_216\" style=\"left:832px;bottom:218px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4w_216\" style=\"left:43px;bottom:200px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t4x_216\" style=\"left:642px;bottom:200px;letter-spacing:-0.09px;display:inline;\">(0.4) </div><div class=\"t sa_216\" id=\"t4y_216\" style=\"left:728px;bottom:200px;letter-spacing:-0.06px;display:inline;\">(1.4) </div><div class=\"t sa_216\" id=\"t4z_216\" style=\"left:815px;bottom:200px;letter-spacing:-0.03px;display:inline;\">(1.8) </div>\n<div class=\"t s8_216\" id=\"t50_216\" style=\"left:43px;bottom:181px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t51_216\" style=\"left:643px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div><div class=\"t sa_216\" id=\"t52_216\" style=\"left:746px;bottom:181px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t53_216\" style=\"left:816px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div>\n<div class=\"t sd_216\" id=\"t54_216\" style=\"left:43px;bottom:163px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t55_216\" style=\"left:646px;bottom:163px;letter-spacing:0.18px;display:inline;\">4.3 </div><div class=\"t sa_216\" id=\"t56_216\" style=\"left:733px;bottom:163px;letter-spacing:0.1px;display:inline;\">3.2 </div><div class=\"t sa_216\" id=\"t57_216\" style=\"left:821px;bottom:163px;letter-spacing:-0.51px;display:inline;\">7.5 </div>\n<div class=\"t se_216\" id=\"t58_216\" style=\"left:43px;bottom:11px;letter-spacing:-1.47px;display:inline;\">214 </div><div class=\"t sf_216\" id=\"t59_216\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_216\" id=\"t5a_216\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_217\" id=\"t1_217\" style=\"left:65px;bottom:957px;letter-spacing:-0.41px;display:inline;\">19.3 </div><div class=\"t s2_217\" id=\"t2_217\" style=\"left:96px;bottom:957px;letter-spacing:-0.12px;display:inline;\">Dividends </div>\n<div class=\"t s3_217\" id=\"t3_217\" style=\"left:606px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t4_217\" style=\"left:609px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t5_217\" style=\"left:662px;bottom:935px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_217\" id=\"t6_217\" style=\"left:748px;bottom:935px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_217\" id=\"t7_217\" style=\"left:835px;bottom:935px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_217\" id=\"t8_217\" style=\"left:606px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t9_217\" style=\"left:609px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"ta_217\" style=\"left:611px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tb_217\" style=\"left:613px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tc_217\" style=\"left:646px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"td_217\" style=\"left:693px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"te_217\" style=\"left:695px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tf_217\" style=\"left:698px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tg_217\" style=\"left:700px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"th_217\" style=\"left:733px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"ti_217\" style=\"left:780px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tj_217\" style=\"left:782px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tk_217\" style=\"left:784px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tl_217\" style=\"left:787px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tm_217\" style=\"left:820px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"tn_217\" style=\"left:866px;bottom:923px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"to_217\" style=\"left:65px;bottom:904px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The following dividends were declared and paid in the\u00a0year: </div><div class=\"t s5_217\" id=\"tp_217\" style=\"left:677px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"tq_217\" style=\"left:680px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tr_217\" style=\"left:763px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"ts_217\" style=\"left:766px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tt_217\" style=\"left:850px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tu_217\" style=\"left:853px;bottom:904px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"tv_217\" style=\"left:65px;bottom:885px;letter-spacing:-0.11px;word-spacing:0.14px;display:inline;\">Ordinary \ufb01nal of 23.1\u00a2 for 2021 (2020: 23.1\u00a2, 2019: 23.1\u00a2) paid 11 May 2022 </div><div class=\"t s5_217\" id=\"tw_217\" style=\"left:663px;bottom:885px;letter-spacing:-0.27px;display:inline;\">202 </div><div class=\"t s4_217\" id=\"tx_217\" style=\"left:752px;bottom:885px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s4_217\" id=\"ty_217\" style=\"left:839px;bottom:885px;letter-spacing:-0.44px;display:inline;\">202 </div>\n<div class=\"t s4_217\" id=\"tz_217\" style=\"left:65px;bottom:867px;letter-spacing:-0.06px;word-spacing:0.09px;display:inline;\">Ordinary interim of 14.4\u00a2 for 2022 (2021: 14.4\u00a2, 2020: 14.4\u00a2) paid 26 October 2022 </div><div class=\"t s5_217\" id=\"t10_217\" style=\"left:664px;bottom:867px;letter-spacing:-0.38px;display:inline;\">125 </div><div class=\"t s4_217\" id=\"t11_217\" style=\"left:752px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t s4_217\" id=\"t12_217\" style=\"left:839px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div>\n<div class=\"t s5_217\" id=\"t13_217\" style=\"left:664px;bottom:848px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t s4_217\" id=\"t14_217\" style=\"left:752px;bottom:848px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t s4_217\" id=\"t15_217\" style=\"left:839px;bottom:848px;letter-spacing:-0.48px;display:inline;\">328 </div>\n<div class=\"t s4_217\" id=\"t16_217\" style=\"left:65px;bottom:819px;letter-spacing:0.02px;word-spacing:-0.06px;display:inline;\">A \ufb01nal dividend for 2022 of 23.1 US cents per ordinary share was proposed by the Board on 21 February 2023 and will be paid, subject </div>\n<div class=\"t s4_217\" id=\"t17_217\" style=\"left:65px;bottom:804px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">to shareholder approval, on 17 May 2023 to shareholders on the Register of Members on 31 March 2023. The estimated amount of this </div>\n<div class=\"t s4_217\" id=\"t18_217\" style=\"left:65px;bottom:789px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">dividend is $201m. The Group pursues a progressive dividend policy, with the aim of increasing the US Dollar value of ordinary dividends </div>\n<div class=\"t s4_217\" id=\"t19_217\" style=\"left:65px;bottom:774px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">over time broadly based on the Group\u2019s underlying growth in earnings, while taking into account capital requirements and cash \ufb02ows. </div>\n<div class=\"t s4_217\" id=\"t1a_217\" style=\"left:65px;bottom:758px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Future dividends will be dependent upon future earnings, the future \ufb01nancial condition of the Group and the Board\u2019s dividend policy. </div>\n<div class=\"t s4_217\" id=\"t1b_217\" style=\"left:65px;bottom:743px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The Board reviews the appropriate level of total annual dividend each year at the time of the full year results. Smith &amp; Nephew plc, </div>\n<div class=\"t s4_217\" id=\"t1c_217\" style=\"left:65px;bottom:728px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">the\u00a0Parent Company of the Group, is a non-trading investment holding company which derives its distributable reserves from dividends </div>\n<div class=\"t s4_217\" id=\"t1d_217\" style=\"left:65px;bottom:712px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">paid by subsidiary companies. The distributable reserves of the Parent Company approximate to the balance on the pro\ufb01t and loss </div>\n<div class=\"t s4_217\" id=\"t1e_217\" style=\"left:65px;bottom:697px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">account reserve, less treasury shares and exchange reserves, which at 31 December 2022 amounted to $3,563m. </div>\n<div class=\"t s6_217\" id=\"t1f_217\" style=\"left:65px;bottom:670px;letter-spacing:-0.46px;display:inline;\">20 </div><div class=\"t s7_217\" id=\"t1g_217\" style=\"left:87px;bottom:670px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">Cash \ufb02ow statement </div>\n<div class=\"t s8_217\" id=\"t1h_217\" style=\"left:74px;bottom:643px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s9_217\" id=\"t1i_217\" style=\"left:74px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In the Group cash \ufb02ow statement, cash and cash equivalents includes cash at bank, other short-term liquid investments with original </div>\n<div class=\"t s9_217\" id=\"t1j_217\" style=\"left:74px;bottom:611px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">maturities of three months or less and bank overdra\ufb05s. In the Group balance sheet, bank overdra\ufb05s are shown within bank overdra\ufb05s, </div>\n<div class=\"t s9_217\" id=\"t1k_217\" style=\"left:74px;bottom:595px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">borrowings, loans and lease liabilities under current liabilities. </div>\n<div class=\"t s2_217\" id=\"t1l_217\" style=\"left:65px;bottom:557px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Analysis of net debt including lease liabilities </div>\n<div class=\"t s3_217\" id=\"t1m_217\" style=\"left:736px;bottom:535px;letter-spacing:-0.09px;display:inline;\">Borrowings </div>\n<div class=\"t s3_217\" id=\"t1n_217\" style=\"left:866px;bottom:531px;display:inline;\">\u00a0</div>\n<div class=\"t s3_217\" id=\"t1o_217\" style=\"left:421px;bottom:494px;letter-spacing:-0.04px;display:inline;\">Cash </div><div class=\"t s3_217\" id=\"t1p_217\" style=\"left:462px;bottom:494px;letter-spacing:-0.09px;display:inline;\">Overdra\ufb05s </div>\n<div class=\"t s3_217\" id=\"t1q_217\" style=\"left:532px;bottom:506px;letter-spacing:-0.07px;word-spacing:-0.17px;display:inline;\">Due within </div>\n<div class=\"t s3_217\" id=\"t1r_217\" style=\"left:543px;bottom:494px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">one\u00a0year </div>\n<div class=\"t s3_217\" id=\"t1s_217\" style=\"left:608px;bottom:506px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">Due a\ufb05er </div>\n<div class=\"t s3_217\" id=\"t1t_217\" style=\"left:612px;bottom:494px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">one\u00a0year </div>\n<div class=\"t s3_217\" id=\"t1u_217\" style=\"left:705px;bottom:519px;letter-spacing:-0.01px;display:inline;\">Net </div>\n<div class=\"t s3_217\" id=\"t1v_217\" style=\"left:680px;bottom:506px;letter-spacing:-0.08px;display:inline;\">currency </div>\n<div class=\"t s3_217\" id=\"t1w_217\" style=\"left:692px;bottom:494px;letter-spacing:-0.1px;display:inline;\">swaps </div>\n<div class=\"t s3_217\" id=\"t1x_217\" style=\"left:774px;bottom:519px;letter-spacing:-0.01px;display:inline;\">Net </div>\n<div class=\"t s3_217\" id=\"t1y_217\" style=\"left:753px;bottom:506px;letter-spacing:-0.07px;display:inline;\">interest </div>\n<div class=\"t s3_217\" id=\"t1z_217\" style=\"left:761px;bottom:494px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s3_217\" id=\"t20_217\" style=\"left:836px;bottom:494px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s3_217\" id=\"t21_217\" style=\"left:385px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t22_217\" style=\"left:388px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t23_217\" style=\"left:390px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t24_217\" style=\"left:392px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t25_217\" style=\"left:404px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t26_217\" style=\"left:450px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t27_217\" style=\"left:453px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t28_217\" style=\"left:455px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t29_217\" style=\"left:457px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2a_217\" style=\"left:473px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2b_217\" style=\"left:520px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2c_217\" style=\"left:522px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2d_217\" style=\"left:524px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2e_217\" style=\"left:527px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2f_217\" style=\"left:543px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2g_217\" style=\"left:589px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2h_217\" style=\"left:591px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2i_217\" style=\"left:594px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2j_217\" style=\"left:596px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2k_217\" style=\"left:612px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2l_217\" style=\"left:658px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2m_217\" style=\"left:661px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2n_217\" style=\"left:663px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2o_217\" style=\"left:665px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2p_217\" style=\"left:681px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2q_217\" style=\"left:728px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2r_217\" style=\"left:730px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2s_217\" style=\"left:732px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2t_217\" style=\"left:735px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2u_217\" style=\"left:750px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2v_217\" style=\"left:797px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2w_217\" style=\"left:799px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2x_217\" style=\"left:802px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2y_217\" style=\"left:804px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2z_217\" style=\"left:820px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t30_217\" style=\"left:866px;bottom:482px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"t31_217\" style=\"left:65px;bottom:462px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">At 1 January\u00a02020 </div><div class=\"t s4_217\" id=\"t32_217\" style=\"left:385px;bottom:462px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t33_217\" style=\"left:423px;bottom:462px;letter-spacing:-0.33px;display:inline;\">277 </div><div class=\"t s4_217\" id=\"t34_217\" style=\"left:496px;bottom:462px;letter-spacing:-0.14px;display:inline;\">(20)\u00a0</div><div class=\"t s4_217\" id=\"t35_217\" style=\"left:573px;bottom:462px;letter-spacing:-0.11px;display:inline;\">(6)\u00a0</div><div class=\"t s4_217\" id=\"t36_217\" style=\"left:617px;bottom:462px;letter-spacing:-0.31px;display:inline;\">(1,851)\u00a0</div><div class=\"t s4_217\" id=\"t37_217\" style=\"left:715px;bottom:462px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t38_217\" style=\"left:784px;bottom:462px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t39_217\" style=\"left:824px;bottom:462px;letter-spacing:-0.07px;display:inline;\">(1,600) </div>\n<div class=\"t s4_217\" id=\"t3a_217\" style=\"left:65px;bottom:444px;letter-spacing:0.08px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities </div><div class=\"t s4_217\" id=\"t3b_217\" style=\"left:438px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3c_217\" style=\"left:507px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3d_217\" style=\"left:565px;bottom:444px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s4_217\" id=\"t3e_217\" style=\"left:627px;bottom:444px;letter-spacing:-0.35px;display:inline;\">(124) </div><div class=\"t s4_217\" id=\"t3f_217\" style=\"left:715px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3g_217\" style=\"left:784px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3h_217\" style=\"left:836px;bottom:444px;letter-spacing:-0.48px;display:inline;\">(170) </div>\n<div class=\"t s4_217\" id=\"t3i_217\" style=\"left:65px;bottom:426px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Net debt including lease </div>\n<div class=\"t s4_217\" id=\"t3j_217\" style=\"left:65px;bottom:412px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">liabilities at 1 January 2020 </div><div class=\"t s4_217\" id=\"t3k_217\" style=\"left:423px;bottom:412px;letter-spacing:-0.33px;display:inline;\">277 </div><div class=\"t s4_217\" id=\"t3l_217\" style=\"left:496px;bottom:412px;letter-spacing:-0.11px;display:inline;\">(20) </div><div class=\"t s4_217\" id=\"t3m_217\" style=\"left:565px;bottom:412px;letter-spacing:-0.22px;display:inline;\">(52) </div><div class=\"t s4_217\" id=\"t3n_217\" style=\"left:617px;bottom:412px;letter-spacing:-0.27px;display:inline;\">(1,975) </div><div class=\"t s4_217\" id=\"t3o_217\" style=\"left:715px;bottom:412px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3p_217\" style=\"left:784px;bottom:412px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3q_217\" style=\"left:825px;bottom:412px;letter-spacing:-0.27px;display:inline;\">(1,770) </div>\n<div class=\"t s4_217\" id=\"t3r_217\" style=\"left:65px;bottom:393px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t3s_217\" style=\"left:385px;bottom:393px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t3t_217\" style=\"left:412px;bottom:393px;letter-spacing:-0.01px;display:inline;\">1,484 </div><div class=\"t s4_217\" id=\"t3u_217\" style=\"left:507px;bottom:393px;display:inline;\">9 </div><div class=\"t s4_217\" id=\"t3v_217\" style=\"left:557px;bottom:393px;letter-spacing:-0.11px;display:inline;\">(260) </div><div class=\"t s4_217\" id=\"t3w_217\" style=\"left:616px;bottom:393px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s4_217\" id=\"t3x_217\" style=\"left:710px;bottom:393px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s4_217\" id=\"t3y_217\" style=\"left:784px;bottom:393px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3z_217\" style=\"left:842px;bottom:393px;letter-spacing:-0.21px;display:inline;\">(59) </div>\n<div class=\"t s4_217\" id=\"t40_217\" style=\"left:65px;bottom:375px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t41_217\" style=\"left:385px;bottom:375px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t42_217\" style=\"left:438px;bottom:375px;display:inline;\">1 </div><div class=\"t s4_217\" id=\"t43_217\" style=\"left:507px;bottom:375px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t44_217\" style=\"left:573px;bottom:375px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s4_217\" id=\"t45_217\" style=\"left:634px;bottom:375px;letter-spacing:-0.05px;display:inline;\">(79) </div><div class=\"t s4_217\" id=\"t46_217\" style=\"left:715px;bottom:375px;display:inline;\">7 </div><div class=\"t s4_217\" id=\"t47_217\" style=\"left:784px;bottom:375px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t48_217\" style=\"left:842px;bottom:375px;letter-spacing:-0.22px;display:inline;\">(71) </div>\n<div class=\"t s4_217\" id=\"t49_217\" style=\"left:65px;bottom:356px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t4a_217\" style=\"left:438px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4b_217\" style=\"left:507px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4c_217\" style=\"left:576px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4d_217\" style=\"left:646px;bottom:356px;display:inline;\">8 </div><div class=\"t s4_217\" id=\"t4e_217\" style=\"left:715px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4f_217\" style=\"left:784px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4g_217\" style=\"left:854px;bottom:356px;display:inline;\">8 </div>\n<div class=\"t s4_217\" id=\"t4h_217\" style=\"left:65px;bottom:338px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s4_217\" id=\"t4i_217\" style=\"left:385px;bottom:338px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t4j_217\" style=\"left:437px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4k_217\" style=\"left:507px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4l_217\" style=\"left:565px;bottom:338px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t s4_217\" id=\"t4m_217\" style=\"left:634px;bottom:338px;letter-spacing:-0.17px;display:inline;\">(22) </div><div class=\"t s4_217\" id=\"t4n_217\" style=\"left:715px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4o_217\" style=\"left:784px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4p_217\" style=\"left:842px;bottom:338px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t s4_217\" id=\"t4q_217\" style=\"left:65px;bottom:320px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December\u00a02020 </div><div class=\"t s4_217\" id=\"t4r_217\" style=\"left:385px;bottom:320px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t4s_217\" style=\"left:413px;bottom:320px;letter-spacing:-0.45px;display:inline;\">1,762 </div><div class=\"t s4_217\" id=\"t4t_217\" style=\"left:497px;bottom:320px;letter-spacing:-0.48px;display:inline;\">(11)\u00a0</div><div class=\"t s4_217\" id=\"t4u_217\" style=\"left:557px;bottom:320px;letter-spacing:-0.2px;display:inline;\">(326)\u00a0</div><div class=\"t s4_217\" id=\"t4v_217\" style=\"left:616px;bottom:320px;letter-spacing:-0.06px;display:inline;\">(3,353)\u00a0</div><div class=\"t s4_217\" id=\"t4w_217\" style=\"left:715px;bottom:320px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4x_217\" style=\"left:784px;bottom:320px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t4y_217\" style=\"left:825px;bottom:320px;letter-spacing:-0.26px;display:inline;\">(1,926) </div>\n<div class=\"t s4_217\" id=\"t4z_217\" style=\"left:65px;bottom:301px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t50_217\" style=\"left:385px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t51_217\" style=\"left:419px;bottom:301px;letter-spacing:-0.12px;display:inline;\">(466) </div><div class=\"t s4_217\" id=\"t52_217\" style=\"left:507px;bottom:301px;display:inline;\">7 </div><div class=\"t s4_217\" id=\"t53_217\" style=\"left:558px;bottom:301px;letter-spacing:-0.41px;display:inline;\">(162) </div><div class=\"t s4_217\" id=\"t54_217\" style=\"left:631px;bottom:301px;letter-spacing:-0.44px;display:inline;\">429 </div><div class=\"t s4_217\" id=\"t55_217\" style=\"left:715px;bottom:301px;display:inline;\">4 </div><div class=\"t s4_217\" id=\"t56_217\" style=\"left:784px;bottom:301px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t57_217\" style=\"left:835px;bottom:301px;letter-spacing:-0.18px;display:inline;\">(188) </div>\n<div class=\"t s4_217\" id=\"t58_217\" style=\"left:65px;bottom:283px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t59_217\" style=\"left:434px;bottom:283px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t s4_217\" id=\"t5a_217\" style=\"left:504px;bottom:283px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s4_217\" id=\"t5b_217\" style=\"left:576px;bottom:283px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5c_217\" style=\"left:638px;bottom:283px;letter-spacing:-0.2px;display:inline;\">72 </div><div class=\"t s4_217\" id=\"t5d_217\" style=\"left:712px;bottom:283px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s4_217\" id=\"t5e_217\" style=\"left:780px;bottom:283px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s4_217\" id=\"t5f_217\" style=\"left:846px;bottom:283px;letter-spacing:-0.55px;display:inline;\">59 </div>\n<div class=\"t s4_217\" id=\"t5g_217\" style=\"left:65px;bottom:264px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t5h_217\" style=\"left:437px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5i_217\" style=\"left:507px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5j_217\" style=\"left:576px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5k_217\" style=\"left:643px;bottom:264px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s4_217\" id=\"t5l_217\" style=\"left:715px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5m_217\" style=\"left:784px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5n_217\" style=\"left:850px;bottom:264px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s4_217\" id=\"t5o_217\" style=\"left:65px;bottom:246px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s4_217\" id=\"t5p_217\" style=\"left:385px;bottom:246px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t5q_217\" style=\"left:437px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5r_217\" style=\"left:507px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5s_217\" style=\"left:576px;bottom:246px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t5t_217\" style=\"left:646px;bottom:246px;display:inline;\">5 </div><div class=\"t s4_217\" id=\"t5u_217\" style=\"left:715px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5v_217\" style=\"left:784px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5w_217\" style=\"left:854px;bottom:246px;display:inline;\">7 </div>\n<div class=\"t s4_217\" id=\"t5x_217\" style=\"left:65px;bottom:227px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s4_217\" id=\"t5y_217\" style=\"left:385px;bottom:227px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t5z_217\" style=\"left:412px;bottom:227px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s4_217\" id=\"t60_217\" style=\"left:503px;bottom:227px;letter-spacing:0.03px;display:inline;\">(5)\u00a0</div><div class=\"t s4_217\" id=\"t61_217\" style=\"left:557px;bottom:227px;letter-spacing:-0.11px;display:inline;\">(486)\u00a0</div><div class=\"t s4_217\" id=\"t62_217\" style=\"left:615px;bottom:227px;letter-spacing:0.01px;display:inline;\">(2,848)\u00a0</div><div class=\"t s4_217\" id=\"t63_217\" style=\"left:715px;bottom:227px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t64_217\" style=\"left:784px;bottom:227px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t65_217\" style=\"left:824px;bottom:227px;letter-spacing:-0.11px;display:inline;\">(2,049) </div>\n<div class=\"t s4_217\" id=\"t66_217\" style=\"left:65px;bottom:209px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t67_217\" style=\"left:385px;bottom:209px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t68_217\" style=\"left:417px;bottom:209px;letter-spacing:-0.44px;display:inline;\">(931) </div><div class=\"t s5_217\" id=\"t69_217\" style=\"left:506px;bottom:209px;display:inline;\">1 </div><div class=\"t s5_217\" id=\"t6a_217\" style=\"left:559px;bottom:209px;letter-spacing:-0.19px;display:inline;\">302 </div><div class=\"t s5_217\" id=\"t6b_217\" style=\"left:637px;bottom:209px;letter-spacing:-0.06px;display:inline;\">94 </div><div class=\"t s5_217\" id=\"t6c_217\" style=\"left:709px;bottom:209px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s5_217\" id=\"t6d_217\" style=\"left:784px;bottom:209px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6e_217\" style=\"left:831px;bottom:209px;letter-spacing:-0.17px;display:inline;\">(537) </div>\n<div class=\"t s4_217\" id=\"t6f_217\" style=\"left:65px;bottom:191px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t6g_217\" style=\"left:385px;bottom:191px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t6h_217\" style=\"left:432px;bottom:191px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s5_217\" id=\"t6i_217\" style=\"left:502px;bottom:191px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s5_217\" id=\"t6j_217\" style=\"left:567px;bottom:191px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s5_217\" id=\"t6k_217\" style=\"left:637px;bottom:191px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t s5_217\" id=\"t6l_217\" style=\"left:714px;bottom:191px;display:inline;\">3 </div><div class=\"t s5_217\" id=\"t6m_217\" style=\"left:771px;bottom:191px;letter-spacing:-0.3px;display:inline;\">(13)\u00a0</div><div class=\"t s5_217\" id=\"t6n_217\" style=\"left:845px;bottom:191px;letter-spacing:-0.68px;display:inline;\">47 </div>\n<div class=\"t s4_217\" id=\"t6o_217\" style=\"left:65px;bottom:172px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t6p_217\" style=\"left:385px;bottom:172px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t6q_217\" style=\"left:438px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6r_217\" style=\"left:507px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6s_217\" style=\"left:576px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6t_217\" style=\"left:645px;bottom:172px;display:inline;\">3 </div><div class=\"t s5_217\" id=\"t6u_217\" style=\"left:715px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6v_217\" style=\"left:784px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6w_217\" style=\"left:853px;bottom:172px;display:inline;\">3 </div>\n<div class=\"t s4_217\" id=\"t6x_217\" style=\"left:65px;bottom:154px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s5_217\" id=\"t6y_217\" style=\"left:438px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6z_217\" style=\"left:507px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t70_217\" style=\"left:576px;bottom:154px;display:inline;\">7 </div><div class=\"t s5_217\" id=\"t71_217\" style=\"left:640px;bottom:154px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s5_217\" id=\"t72_217\" style=\"left:715px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t73_217\" style=\"left:784px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t74_217\" style=\"left:853px;bottom:154px;display:inline;\">1 </div>\n<div class=\"t sa_217\" id=\"t75_217\" style=\"left:69px;bottom:135px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Net debt including lease </div>\n<div class=\"t sa_217\" id=\"t76_217\" style=\"left:69px;bottom:121px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">liabilities at 31 December 2022 </div><div class=\"t s4_217\" id=\"t77_217\" style=\"left:385px;bottom:121px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t78_217\" style=\"left:420px;bottom:121px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s5_217\" id=\"t79_217\" style=\"left:502px;bottom:121px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t s5_217\" id=\"t7a_217\" style=\"left:554px;bottom:121px;letter-spacing:-0.25px;display:inline;\">(154)\u00a0</div><div class=\"t s5_217\" id=\"t7b_217\" style=\"left:613px;bottom:121px;letter-spacing:-0.26px;display:inline;\">(2,712)\u00a0</div><div class=\"t s5_217\" id=\"t7c_217\" style=\"left:715px;bottom:121px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t7d_217\" style=\"left:771px;bottom:121px;letter-spacing:-0.3px;display:inline;\">(13)\u00a0</div><div class=\"t s5_217\" id=\"t7e_217\" style=\"left:819px;bottom:121px;letter-spacing:-0.06px;display:inline;\">(2,535) </div>\n<div class=\"t sb_217\" id=\"t7f_217\" style=\"left:830px;bottom:11px;letter-spacing:-1.04px;display:inline;\">215 </div><div class=\"t sc_217\" id=\"t7g_217\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_217\" id=\"t7h_217\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t se_217\" id=\"t7i_217\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t se_217\" id=\"t7j_217\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sf_217\" id=\"t7k_217\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t se_217\" id=\"t7l_217\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_218\" id=\"t1_218\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_218\" id=\"t2_218\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_218\" id=\"t3_218\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_218\" id=\"t4_218\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_218\" id=\"t5_218\" style=\"left:43px;bottom:956px;letter-spacing:-0.46px;display:inline;\">20 </div><div class=\"t s6_218\" id=\"t6_218\" style=\"left:66px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Cash \ufb02ow statement </div><div class=\"t s7_218\" id=\"t7_218\" style=\"left:212px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_218\" id=\"t8_218\" style=\"left:43px;bottom:932px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Reconciliation of net cash \ufb02ow to movement in net debt including lease liabilities </div>\n<div class=\"t s9_218\" id=\"t9_218\" style=\"left:585px;bottom:910px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ta_218\" style=\"left:587px;bottom:910px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tb_218\" style=\"left:640px;bottom:910px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"tc_218\" style=\"left:727px;bottom:910px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_218\" id=\"td_218\" style=\"left:813px;bottom:910px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_218\" id=\"te_218\" style=\"left:585px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tf_218\" style=\"left:587px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tg_218\" style=\"left:589px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"th_218\" style=\"left:592px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ti_218\" style=\"left:625px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"tj_218\" style=\"left:671px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tk_218\" style=\"left:674px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tl_218\" style=\"left:676px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tm_218\" style=\"left:678px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tn_218\" style=\"left:711px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"to_218\" style=\"left:758px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tp_218\" style=\"left:760px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tq_218\" style=\"left:763px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tr_218\" style=\"left:765px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ts_218\" style=\"left:798px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"tt_218\" style=\"left:844px;bottom:898px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"tu_218\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Net cash \ufb02ow from cash net of overdra\ufb05s </div><div class=\"t sb_218\" id=\"tv_218\" style=\"left:637px;bottom:878px;letter-spacing:-0.18px;display:inline;\">(930) </div><div class=\"t sa_218\" id=\"tw_218\" style=\"left:727px;bottom:878px;letter-spacing:-0.42px;display:inline;\">(459) </div><div class=\"t sa_218\" id=\"tx_218\" style=\"left:807px;bottom:878px;letter-spacing:-0.26px;display:inline;\">1,493 </div>\n<div class=\"t sa_218\" id=\"ty_218\" style=\"left:43px;bottom:860px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Settlement of currency swaps </div><div class=\"t sb_218\" id=\"tz_218\" style=\"left:653px;bottom:860px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sa_218\" id=\"t10_218\" style=\"left:745px;bottom:860px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"t11_218\" style=\"left:827px;bottom:860px;letter-spacing:0.39px;display:inline;\">(7) </div>\n<div class=\"t sa_218\" id=\"t12_218\" style=\"left:43px;bottom:841px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Net cash \ufb02ow from borrowings </div><div class=\"t sb_218\" id=\"t13_218\" style=\"left:642px;bottom:841px;letter-spacing:-0.17px;display:inline;\">396 </div><div class=\"t sa_218\" id=\"t14_218\" style=\"left:730px;bottom:841px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"t15_218\" style=\"left:802px;bottom:841px;letter-spacing:-0.08px;display:inline;\">(1,545) </div>\n<div class=\"t sa_218\" id=\"t16_218\" style=\"left:43px;bottom:823px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Change in net debt from net cash \ufb02ow </div><div class=\"t sb_218\" id=\"t17_218\" style=\"left:637px;bottom:823px;letter-spacing:-0.17px;display:inline;\">(537) </div><div class=\"t sa_218\" id=\"t18_218\" style=\"left:726px;bottom:823px;letter-spacing:-0.18px;display:inline;\">(188) </div><div class=\"t sa_218\" id=\"t19_218\" style=\"left:821px;bottom:823px;letter-spacing:-0.21px;display:inline;\">(59) </div>\n<div class=\"t sa_218\" id=\"t1a_218\" style=\"left:43px;bottom:804px;letter-spacing:0.08px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities </div><div class=\"t sb_218\" id=\"t1b_218\" style=\"left:658px;bottom:804px;display:inline;\">1 </div><div class=\"t sa_218\" id=\"t1c_218\" style=\"left:745px;bottom:804px;display:inline;\">7 </div><div class=\"t sa_218\" id=\"t1d_218\" style=\"left:820px;bottom:804px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t sa_218\" id=\"t1e_218\" style=\"left:43px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_218\" id=\"t1f_218\" style=\"left:650px;bottom:786px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t sa_218\" id=\"t1g_218\" style=\"left:738px;bottom:786px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"t1h_218\" style=\"left:821px;bottom:786px;letter-spacing:-0.22px;display:inline;\">(71) </div>\n<div class=\"t sa_218\" id=\"t1i_218\" style=\"left:43px;bottom:767px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t sb_218\" id=\"t1j_218\" style=\"left:658px;bottom:767px;display:inline;\">3 </div><div class=\"t sa_218\" id=\"t1k_218\" style=\"left:742px;bottom:767px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_218\" id=\"t1l_218\" style=\"left:832px;bottom:767px;display:inline;\">8 </div>\n<div class=\"t sa_218\" id=\"t1m_218\" style=\"left:43px;bottom:749px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Change in net debt in the\u00a0year </div><div class=\"t sb_218\" id=\"t1n_218\" style=\"left:637px;bottom:749px;letter-spacing:-0.16px;display:inline;\">(486) </div><div class=\"t sa_218\" id=\"t1o_218\" style=\"left:727px;bottom:749px;letter-spacing:-0.24px;display:inline;\">(123) </div><div class=\"t sa_218\" id=\"t1p_218\" style=\"left:813px;bottom:749px;letter-spacing:-0.12px;display:inline;\">(156) </div>\n<div class=\"t sa_218\" id=\"t1q_218\" style=\"left:43px;bottom:730px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Opening net debt </div><div class=\"t sb_218\" id=\"t1r_218\" style=\"left:625px;bottom:730px;letter-spacing:-0.04px;display:inline;\">(2,049) </div><div class=\"t sa_218\" id=\"t1s_218\" style=\"left:717px;bottom:730px;letter-spacing:-0.26px;display:inline;\">(1,926) </div><div class=\"t sa_218\" id=\"t1t_218\" style=\"left:803px;bottom:730px;letter-spacing:-0.27px;display:inline;\">(1,770) </div>\n<div class=\"t sc_218\" id=\"t1u_218\" style=\"left:43px;bottom:712px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Closing net debt </div><div class=\"t sb_218\" id=\"t1v_218\" style=\"left:625px;bottom:712px;letter-spacing:-0.06px;display:inline;\">(2,535) </div><div class=\"t sa_218\" id=\"t1w_218\" style=\"left:716px;bottom:712px;letter-spacing:-0.11px;display:inline;\">(2,049) </div><div class=\"t sa_218\" id=\"t1x_218\" style=\"left:803px;bottom:712px;letter-spacing:-0.26px;display:inline;\">(1,926) </div>\n<div class=\"t s8_218\" id=\"t1y_218\" style=\"left:43px;bottom:682px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Cash and cash equivalents </div>\n<div class=\"t sa_218\" id=\"t1z_218\" style=\"left:43px;bottom:665px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">For the purposes of the Group cash \ufb02ow statement, cash and cash equivalents at 31 December 2022 comprise cash at bank net </div>\n<div class=\"t sa_218\" id=\"t20_218\" style=\"left:43px;bottom:650px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">of\u00a0bank overdra\ufb05s. </div>\n<div class=\"t s9_218\" id=\"t21_218\" style=\"left:585px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t22_218\" style=\"left:587px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t23_218\" style=\"left:640px;bottom:636px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"t24_218\" style=\"left:727px;bottom:636px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_218\" id=\"t25_218\" style=\"left:813px;bottom:636px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_218\" id=\"t26_218\" style=\"left:585px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t27_218\" style=\"left:587px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t28_218\" style=\"left:589px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t29_218\" style=\"left:592px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2a_218\" style=\"left:594px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2b_218\" style=\"left:625px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2c_218\" style=\"left:671px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2d_218\" style=\"left:674px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2e_218\" style=\"left:676px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2f_218\" style=\"left:678px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2g_218\" style=\"left:711px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2h_218\" style=\"left:758px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2i_218\" style=\"left:760px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2j_218\" style=\"left:763px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2k_218\" style=\"left:765px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2l_218\" style=\"left:798px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2m_218\" style=\"left:844px;bottom:624px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"t2n_218\" style=\"left:43px;bottom:604px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_218\" id=\"t2o_218\" style=\"left:642px;bottom:604px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sa_218\" id=\"t2p_218\" style=\"left:719px;bottom:604px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t sa_218\" id=\"t2q_218\" style=\"left:807px;bottom:604px;letter-spacing:-0.45px;display:inline;\">1,762 </div>\n<div class=\"t sa_218\" id=\"t2r_218\" style=\"left:43px;bottom:586px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_218\" id=\"t2s_218\" style=\"left:653px;bottom:586px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_218\" id=\"t2t_218\" style=\"left:741px;bottom:586px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t sa_218\" id=\"t2u_218\" style=\"left:822px;bottom:586px;letter-spacing:-0.45px;display:inline;\">(11) </div>\n<div class=\"t sc_218\" id=\"t2v_218\" style=\"left:43px;bottom:568px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Cash and cash equivalents </div><div class=\"t sb_218\" id=\"t2w_218\" style=\"left:641px;bottom:568px;letter-spacing:0.01px;display:inline;\">344 </div><div class=\"t sa_218\" id=\"t2x_218\" style=\"left:720px;bottom:568px;letter-spacing:-0.17px;display:inline;\">1,285 </div><div class=\"t sa_218\" id=\"t2y_218\" style=\"left:807px;bottom:568px;letter-spacing:-0.45px;display:inline;\">1,751 </div>\n<div class=\"t sa_218\" id=\"t2z_218\" style=\"left:43px;bottom:539px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The Group operates in over 100 countries around the world, some of which impose restrictions over cash movement. These restrictions </div>\n<div class=\"t sa_218\" id=\"t30_218\" style=\"left:43px;bottom:523px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">have only a minimal impact of the management on the Group\u2019s cash. </div>\n<div class=\"t s8_218\" id=\"t31_218\" style=\"left:43px;bottom:499px;letter-spacing:-0.18px;word-spacing:-0.07px;display:inline;\">Cash out\ufb02ows/(in\ufb02ows) arising from \ufb01nancing activities </div>\n<div class=\"t s9_218\" id=\"t32_218\" style=\"left:108px;bottom:477px;letter-spacing:-0.14px;display:inline;\">Repayment </div><div class=\"t s9_218\" id=\"t33_218\" style=\"left:187px;bottom:477px;letter-spacing:-0.1px;display:inline;\">Borrowing </div><div class=\"t s9_218\" id=\"t34_218\" style=\"left:262px;bottom:477px;letter-spacing:-0.11px;word-spacing:-0.16px;display:inline;\">Proceeds from </div><div class=\"t s9_218\" id=\"t35_218\" style=\"left:359px;bottom:477px;letter-spacing:-0.14px;display:inline;\">Repayment </div><div class=\"t s9_218\" id=\"t36_218\" style=\"left:432px;bottom:477px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">Cash out\ufb02ow/ </div><div class=\"t s9_218\" id=\"t37_218\" style=\"left:676px;bottom:477px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Proceeds from own </div>\n<div class=\"t s9_218\" id=\"t38_218\" style=\"left:95px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t39_218\" style=\"left:98px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3a_218\" style=\"left:128px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of bank </div><div class=\"t s9_218\" id=\"t3b_218\" style=\"left:169px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3c_218\" style=\"left:171px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3d_218\" style=\"left:202px;bottom:464px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">of bank </div><div class=\"t s9_218\" id=\"t3e_218\" style=\"left:243px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3f_218\" style=\"left:245px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3g_218\" style=\"left:283px;bottom:464px;letter-spacing:-0.1px;display:inline;\">Corporate\u00a0</div><div class=\"t s9_218\" id=\"t3h_218\" style=\"left:340px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3i_218\" style=\"left:377px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of lease </div><div class=\"t s9_218\" id=\"t3j_218\" style=\"left:420px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3k_218\" style=\"left:422px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3l_218\" style=\"left:464px;bottom:464px;letter-spacing:-0.12px;display:inline;\">(in\ufb02ow)\u00a0</div><div class=\"t s9_218\" id=\"t3m_218\" style=\"left:509px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3n_218\" style=\"left:583px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3o_218\" style=\"left:604px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Purchase of </div><div class=\"t s9_218\" id=\"t3p_218\" style=\"left:667px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3q_218\" style=\"left:669px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3r_218\" style=\"left:696px;bottom:464px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">shares/issue of </div><div class=\"t s9_218\" id=\"t3s_218\" style=\"left:775px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3t_218\" style=\"left:778px;bottom:464px;display:inline;\">\u00a0</div>\n<div class=\"t s9_218\" id=\"t3u_218\" style=\"left:139px;bottom:452px;letter-spacing:-0.1px;display:inline;\">loans </div>\n<div class=\"t sd_218\" id=\"t3v_218\" style=\"left:164px;bottom:458px;display:inline;\">1 </div>\n<div class=\"t s9_218\" id=\"t3w_218\" style=\"left:212px;bottom:452px;letter-spacing:-0.1px;display:inline;\">loans </div>\n<div class=\"t sd_218\" id=\"t3x_218\" style=\"left:238px;bottom:458px;display:inline;\">1 </div>\n<div class=\"t s9_218\" id=\"t3y_218\" style=\"left:281px;bottom:452px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Bond issue </div><div class=\"t s9_218\" id=\"t3z_218\" style=\"left:371px;bottom:452px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_218\" id=\"t40_218\" style=\"left:450px;bottom:452px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">from other </div><div class=\"t s9_218\" id=\"t41_218\" style=\"left:527px;bottom:452px;letter-spacing:-0.06px;display:inline;\">Dividends </div><div class=\"t s9_218\" id=\"t42_218\" style=\"left:607px;bottom:452px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">own shares </div><div class=\"t s9_218\" id=\"t43_218\" style=\"left:695px;bottom:452px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">ordinary shares </div><div class=\"t s9_218\" id=\"t44_218\" style=\"left:815px;bottom:452px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t sc_218\" id=\"t45_218\" style=\"left:43px;bottom:439px;letter-spacing:-0.28px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"t46_218\" style=\"left:122px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t47_218\" style=\"left:196px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t48_218\" style=\"left:291px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t49_218\" style=\"left:374px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4a_218\" style=\"left:460px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4b_218\" style=\"left:534px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4c_218\" style=\"left:620px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4d_218\" style=\"left:729px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4e_218\" style=\"left:798px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t sa_218\" id=\"t4f_218\" style=\"left:43px;bottom:421px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sb_218\" id=\"t4g_218\" style=\"left:139px;bottom:421px;letter-spacing:-0.24px;display:inline;\">881 </div><div class=\"t sb_218\" id=\"t4h_218\" style=\"left:230px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4i_218\" style=\"left:303px;bottom:421px;letter-spacing:-0.22px;display:inline;\">(485) </div><div class=\"t sb_218\" id=\"t4j_218\" style=\"left:399px;bottom:421px;letter-spacing:-0.12px;display:inline;\">54 </div><div class=\"t sb_218\" id=\"t4k_218\" style=\"left:489px;bottom:421px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_218\" id=\"t4l_218\" style=\"left:568px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4m_218\" style=\"left:655px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4n_218\" style=\"left:763px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4o_218\" style=\"left:815px;bottom:421px;letter-spacing:-0.28px;display:inline;\">447 </div>\n<div class=\"t sa_218\" id=\"t4p_218\" style=\"left:43px;bottom:402px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"t4q_218\" style=\"left:95px;bottom:402px;display:inline;\">\u00a0</div><div class=\"t sb_218\" id=\"t4r_218\" style=\"left:157px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4s_218\" style=\"left:230px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4t_218\" style=\"left:325px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4u_218\" style=\"left:408px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4v_218\" style=\"left:494px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4w_218\" style=\"left:551px;bottom:402px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t sb_218\" id=\"t4x_218\" style=\"left:637px;bottom:402px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_218\" id=\"t4y_218\" style=\"left:757px;bottom:402px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t sb_218\" id=\"t4z_218\" style=\"left:815px;bottom:402px;letter-spacing:-0.48px;display:inline;\">479 </div>\n<div class=\"t sc_218\" id=\"t50_218\" style=\"left:43px;bottom:384px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"t51_218\" style=\"left:95px;bottom:384px;display:inline;\">\u00a0</div><div class=\"t sb_218\" id=\"t52_218\" style=\"left:139px;bottom:384px;letter-spacing:-0.24px;display:inline;\">881 </div><div class=\"t sb_218\" id=\"t53_218\" style=\"left:230px;bottom:384px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t54_218\" style=\"left:303px;bottom:384px;letter-spacing:-0.25px;display:inline;\">(485)\u00a0</div><div class=\"t sb_218\" id=\"t55_218\" style=\"left:399px;bottom:384px;letter-spacing:-0.12px;display:inline;\">54 </div><div class=\"t sb_218\" id=\"t56_218\" style=\"left:489px;bottom:384px;letter-spacing:-0.24px;display:inline;\">(3)\u00a0</div><div class=\"t sb_218\" id=\"t57_218\" style=\"left:551px;bottom:384px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t sb_218\" id=\"t58_218\" style=\"left:637px;bottom:384px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_218\" id=\"t59_218\" style=\"left:757px;bottom:384px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t sb_218\" id=\"t5a_218\" style=\"left:815px;bottom:384px;letter-spacing:-0.41px;display:inline;\">926 </div>\n<div class=\"t sc_218\" id=\"t5b_218\" style=\"left:43px;bottom:347px;letter-spacing:-0.34px;display:inline;\">2021 </div><div class=\"t sa_218\" id=\"t5c_218\" style=\"left:95px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5d_218\" style=\"left:98px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5e_218\" style=\"left:117px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5f_218\" style=\"left:120px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5g_218\" style=\"left:123px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5h_218\" style=\"left:126px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5i_218\" style=\"left:129px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5j_218\" style=\"left:132px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5k_218\" style=\"left:135px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5l_218\" style=\"left:138px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5m_218\" style=\"left:141px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5n_218\" style=\"left:144px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5o_218\" style=\"left:147px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5p_218\" style=\"left:150px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5q_218\" style=\"left:153px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5r_218\" style=\"left:156px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5s_218\" style=\"left:159px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5t_218\" style=\"left:172px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5u_218\" style=\"left:197px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5v_218\" style=\"left:200px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5w_218\" style=\"left:203px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5x_218\" style=\"left:206px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5y_218\" style=\"left:209px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5z_218\" style=\"left:212px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t60_218\" style=\"left:214px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t61_218\" style=\"left:217px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t62_218\" style=\"left:220px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t63_218\" style=\"left:223px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t64_218\" style=\"left:226px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t65_218\" style=\"left:229px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t66_218\" style=\"left:232px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t67_218\" style=\"left:246px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t68_218\" style=\"left:286px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t69_218\" style=\"left:289px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6a_218\" style=\"left:292px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6b_218\" style=\"left:295px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6c_218\" style=\"left:298px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6d_218\" style=\"left:301px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6e_218\" style=\"left:304px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6f_218\" style=\"left:307px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6g_218\" style=\"left:310px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6h_218\" style=\"left:313px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6i_218\" style=\"left:316px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6j_218\" style=\"left:319px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6k_218\" style=\"left:322px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6l_218\" style=\"left:325px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6m_218\" style=\"left:328px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6n_218\" style=\"left:341px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6o_218\" style=\"left:368px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6p_218\" style=\"left:371px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6q_218\" style=\"left:374px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6r_218\" style=\"left:377px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6s_218\" style=\"left:380px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6t_218\" style=\"left:383px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6u_218\" style=\"left:386px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6v_218\" style=\"left:389px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6w_218\" style=\"left:392px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6x_218\" style=\"left:395px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6y_218\" style=\"left:398px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6z_218\" style=\"left:401px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t70_218\" style=\"left:404px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t71_218\" style=\"left:407px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t72_218\" style=\"left:410px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t73_218\" style=\"left:423px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t74_218\" style=\"left:455px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t75_218\" style=\"left:458px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t76_218\" style=\"left:461px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t77_218\" style=\"left:464px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t78_218\" style=\"left:467px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t79_218\" style=\"left:470px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7a_218\" style=\"left:473px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7b_218\" style=\"left:476px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7c_218\" style=\"left:479px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7d_218\" style=\"left:482px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7e_218\" style=\"left:485px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7f_218\" style=\"left:488px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7g_218\" style=\"left:491px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7h_218\" style=\"left:493px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7i_218\" style=\"left:496px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7j_218\" style=\"left:510px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7k_218\" style=\"left:534px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7l_218\" style=\"left:537px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7m_218\" style=\"left:540px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7n_218\" style=\"left:543px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7o_218\" style=\"left:546px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7p_218\" style=\"left:549px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7q_218\" style=\"left:552px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7r_218\" style=\"left:555px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7s_218\" style=\"left:558px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7t_218\" style=\"left:561px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7u_218\" style=\"left:564px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7v_218\" style=\"left:567px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7w_218\" style=\"left:570px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7x_218\" style=\"left:583px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7y_218\" style=\"left:609px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7z_218\" style=\"left:612px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t80_218\" style=\"left:615px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t81_218\" style=\"left:618px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t82_218\" style=\"left:621px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t83_218\" style=\"left:624px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t84_218\" style=\"left:627px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t85_218\" style=\"left:630px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t86_218\" style=\"left:633px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t87_218\" style=\"left:636px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t88_218\" style=\"left:639px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t89_218\" style=\"left:642px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8a_218\" style=\"left:645px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8b_218\" style=\"left:648px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8c_218\" style=\"left:651px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8d_218\" style=\"left:654px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8e_218\" style=\"left:657px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8f_218\" style=\"left:670px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8g_218\" style=\"left:682px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8h_218\" style=\"left:685px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8i_218\" style=\"left:688px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8j_218\" style=\"left:691px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8k_218\" style=\"left:694px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8l_218\" style=\"left:697px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8m_218\" style=\"left:700px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8n_218\" style=\"left:703px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8o_218\" style=\"left:706px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8p_218\" style=\"left:709px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8q_218\" style=\"left:712px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8r_218\" style=\"left:714px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8s_218\" style=\"left:717px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8t_218\" style=\"left:720px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8u_218\" style=\"left:723px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8v_218\" style=\"left:726px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8w_218\" style=\"left:729px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8x_218\" style=\"left:732px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8y_218\" style=\"left:735px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8z_218\" style=\"left:738px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t90_218\" style=\"left:741px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t91_218\" style=\"left:744px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t92_218\" style=\"left:747px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t93_218\" style=\"left:750px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t94_218\" style=\"left:753px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t95_218\" style=\"left:756px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t96_218\" style=\"left:759px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t97_218\" style=\"left:762px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t98_218\" style=\"left:765px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t99_218\" style=\"left:778px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9a_218\" style=\"left:805px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9b_218\" style=\"left:808px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9c_218\" style=\"left:810px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9d_218\" style=\"left:813px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9e_218\" style=\"left:816px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9f_218\" style=\"left:819px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9g_218\" style=\"left:822px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9h_218\" style=\"left:825px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9i_218\" style=\"left:828px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9j_218\" style=\"left:831px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9k_218\" style=\"left:834px;bottom:347px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"t9l_218\" style=\"left:43px;bottom:328px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sa_218\" id=\"t9m_218\" style=\"left:141px;bottom:328px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"t9n_218\" style=\"left:230px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9o_218\" style=\"left:325px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9p_218\" style=\"left:400px;bottom:328px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"t9q_218\" style=\"left:494px;bottom:328px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"t9r_218\" style=\"left:567px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9s_218\" style=\"left:654px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9t_218\" style=\"left:762px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9u_218\" style=\"left:816px;bottom:328px;letter-spacing:-0.1px;display:inline;\">330 </div>\n<div class=\"t sa_218\" id=\"t9v_218\" style=\"left:43px;bottom:310px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"t9w_218\" style=\"left:156px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9x_218\" style=\"left:230px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9y_218\" style=\"left:325px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9z_218\" style=\"left:407px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta0_218\" style=\"left:494px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta1_218\" style=\"left:553px;bottom:310px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t sa_218\" id=\"ta2_218\" style=\"left:654px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta3_218\" style=\"left:752px;bottom:310px;letter-spacing:-0.38px;display:inline;\">(14) </div><div class=\"t sa_218\" id=\"ta4_218\" style=\"left:778px;bottom:310px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ta5_218\" style=\"left:817px;bottom:310px;letter-spacing:-0.41px;display:inline;\">315 </div>\n<div class=\"t sc_218\" id=\"ta6_218\" style=\"left:43px;bottom:292px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"ta7_218\" style=\"left:141px;bottom:292px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"ta8_218\" style=\"left:230px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta9_218\" style=\"left:325px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"taa_218\" style=\"left:400px;bottom:292px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"tab_218\" style=\"left:494px;bottom:292px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"tac_218\" style=\"left:553px;bottom:292px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t sa_218\" id=\"tad_218\" style=\"left:654px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tae_218\" style=\"left:752px;bottom:292px;letter-spacing:-0.38px;display:inline;\">(14) </div><div class=\"t sa_218\" id=\"taf_218\" style=\"left:778px;bottom:292px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tag_218\" style=\"left:816px;bottom:292px;letter-spacing:-0.11px;display:inline;\">645 </div>\n<div class=\"t sc_218\" id=\"tah_218\" style=\"left:43px;bottom:255px;letter-spacing:-0.19px;display:inline;\">2020 </div><div class=\"t sa_218\" id=\"tai_218\" style=\"left:95px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taj_218\" style=\"left:98px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tak_218\" style=\"left:117px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tal_218\" style=\"left:120px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tam_218\" style=\"left:123px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tan_218\" style=\"left:126px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tao_218\" style=\"left:129px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tap_218\" style=\"left:132px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taq_218\" style=\"left:135px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tar_218\" style=\"left:138px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tas_218\" style=\"left:141px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tat_218\" style=\"left:144px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tau_218\" style=\"left:147px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tav_218\" style=\"left:150px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taw_218\" style=\"left:153px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tax_218\" style=\"left:156px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tay_218\" style=\"left:159px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taz_218\" style=\"left:172px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb0_218\" style=\"left:197px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb1_218\" style=\"left:200px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb2_218\" style=\"left:203px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb3_218\" style=\"left:206px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb4_218\" style=\"left:208px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb5_218\" style=\"left:211px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb6_218\" style=\"left:214px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb7_218\" style=\"left:217px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb8_218\" style=\"left:220px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb9_218\" style=\"left:223px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tba_218\" style=\"left:226px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbb_218\" style=\"left:229px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbc_218\" style=\"left:232px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbd_218\" style=\"left:245px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbe_218\" style=\"left:286px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbf_218\" style=\"left:289px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbg_218\" style=\"left:292px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbh_218\" style=\"left:295px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbi_218\" style=\"left:298px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbj_218\" style=\"left:301px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbk_218\" style=\"left:304px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbl_218\" style=\"left:307px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbm_218\" style=\"left:310px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbn_218\" style=\"left:313px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbo_218\" style=\"left:316px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbp_218\" style=\"left:319px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbq_218\" style=\"left:322px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbr_218\" style=\"left:325px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbs_218\" style=\"left:327px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbt_218\" style=\"left:341px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbu_218\" style=\"left:368px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbv_218\" style=\"left:371px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbw_218\" style=\"left:374px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbx_218\" style=\"left:377px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tby_218\" style=\"left:380px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbz_218\" style=\"left:383px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc0_218\" style=\"left:386px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc1_218\" style=\"left:389px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc2_218\" style=\"left:392px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc3_218\" style=\"left:395px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc4_218\" style=\"left:398px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc5_218\" style=\"left:401px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc6_218\" style=\"left:404px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc7_218\" style=\"left:407px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc8_218\" style=\"left:410px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc9_218\" style=\"left:423px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tca_218\" style=\"left:455px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcb_218\" style=\"left:458px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcc_218\" style=\"left:461px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcd_218\" style=\"left:464px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tce_218\" style=\"left:467px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcf_218\" style=\"left:470px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcg_218\" style=\"left:473px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tch_218\" style=\"left:476px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tci_218\" style=\"left:479px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcj_218\" style=\"left:482px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tck_218\" style=\"left:485px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcl_218\" style=\"left:487px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcm_218\" style=\"left:490px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcn_218\" style=\"left:493px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tco_218\" style=\"left:496px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcp_218\" style=\"left:510px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcq_218\" style=\"left:534px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcr_218\" style=\"left:537px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcs_218\" style=\"left:540px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tct_218\" style=\"left:543px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcu_218\" style=\"left:546px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcv_218\" style=\"left:549px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcw_218\" style=\"left:552px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcx_218\" style=\"left:555px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcy_218\" style=\"left:558px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcz_218\" style=\"left:561px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td0_218\" style=\"left:564px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td1_218\" style=\"left:567px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td2_218\" style=\"left:570px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td3_218\" style=\"left:583px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td4_218\" style=\"left:606px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td5_218\" style=\"left:609px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td6_218\" style=\"left:612px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td7_218\" style=\"left:615px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td8_218\" style=\"left:618px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td9_218\" style=\"left:621px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tda_218\" style=\"left:624px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdb_218\" style=\"left:627px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdc_218\" style=\"left:630px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdd_218\" style=\"left:633px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tde_218\" style=\"left:636px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdf_218\" style=\"left:639px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdg_218\" style=\"left:642px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdh_218\" style=\"left:645px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdi_218\" style=\"left:648px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdj_218\" style=\"left:651px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdk_218\" style=\"left:654px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdl_218\" style=\"left:657px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdm_218\" style=\"left:670px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdn_218\" style=\"left:679px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdo_218\" style=\"left:682px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdp_218\" style=\"left:685px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdq_218\" style=\"left:688px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdr_218\" style=\"left:691px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tds_218\" style=\"left:694px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdt_218\" style=\"left:697px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdu_218\" style=\"left:700px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdv_218\" style=\"left:703px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdw_218\" style=\"left:706px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdx_218\" style=\"left:708px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdy_218\" style=\"left:711px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdz_218\" style=\"left:714px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te0_218\" style=\"left:717px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te1_218\" style=\"left:720px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te2_218\" style=\"left:723px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te3_218\" style=\"left:726px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te4_218\" style=\"left:729px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te5_218\" style=\"left:732px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te6_218\" style=\"left:735px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te7_218\" style=\"left:738px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te8_218\" style=\"left:741px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te9_218\" style=\"left:744px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tea_218\" style=\"left:747px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teb_218\" style=\"left:750px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tec_218\" style=\"left:753px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ted_218\" style=\"left:756px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tee_218\" style=\"left:759px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tef_218\" style=\"left:762px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teg_218\" style=\"left:765px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teh_218\" style=\"left:778px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tei_218\" style=\"left:804px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tej_218\" style=\"left:807px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tek_218\" style=\"left:810px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tel_218\" style=\"left:813px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tem_218\" style=\"left:816px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ten_218\" style=\"left:819px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teo_218\" style=\"left:822px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tep_218\" style=\"left:825px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teq_218\" style=\"left:828px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ter_218\" style=\"left:831px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tes_218\" style=\"left:834px;bottom:255px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"tet_218\" style=\"left:43px;bottom:236px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sa_218\" id=\"teu_218\" style=\"left:141px;bottom:236px;letter-spacing:0.02px;display:inline;\">405 </div><div class=\"t sa_218\" id=\"tev_218\" style=\"left:211px;bottom:236px;letter-spacing:-0.11px;display:inline;\">(950) </div><div class=\"t sa_218\" id=\"tew_218\" style=\"left:295px;bottom:236px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t sa_218\" id=\"tex_218\" style=\"left:400px;bottom:236px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t sa_218\" id=\"tey_218\" style=\"left:489px;bottom:236px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_218\" id=\"tez_218\" style=\"left:567px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf0_218\" style=\"left:654px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf1_218\" style=\"left:762px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf2_218\" style=\"left:803px;bottom:236px;letter-spacing:-0.17px;display:inline;\">(1,497) </div>\n<div class=\"t sa_218\" id=\"tf3_218\" style=\"left:43px;bottom:218px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"tf4_218\" style=\"left:95px;bottom:218px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tf5_218\" style=\"left:156px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf6_218\" style=\"left:230px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf7_218\" style=\"left:325px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf8_218\" style=\"left:407px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf9_218\" style=\"left:494px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tfa_218\" style=\"left:553px;bottom:218px;letter-spacing:-0.48px;display:inline;\">328 </div><div class=\"t sa_218\" id=\"tfb_218\" style=\"left:647px;bottom:218px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sa_218\" id=\"tfc_218\" style=\"left:752px;bottom:218px;letter-spacing:-0.45px;display:inline;\">(11) </div><div class=\"t sa_218\" id=\"tfd_218\" style=\"left:817px;bottom:218px;letter-spacing:-0.23px;display:inline;\">333 </div>\n<div class=\"t sc_218\" id=\"tfe_218\" style=\"left:43px;bottom:199px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"tff_218\" style=\"left:95px;bottom:199px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tfg_218\" style=\"left:141px;bottom:199px;letter-spacing:0.02px;display:inline;\">405 </div><div class=\"t sa_218\" id=\"tfh_218\" style=\"left:211px;bottom:199px;letter-spacing:-0.11px;display:inline;\">(950) </div><div class=\"t sa_218\" id=\"tfi_218\" style=\"left:295px;bottom:199px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t sa_218\" id=\"tfj_218\" style=\"left:400px;bottom:199px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t sa_218\" id=\"tfk_218\" style=\"left:489px;bottom:199px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_218\" id=\"tfl_218\" style=\"left:553px;bottom:199px;letter-spacing:-0.48px;display:inline;\">328 </div><div class=\"t sa_218\" id=\"tfm_218\" style=\"left:647px;bottom:199px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sa_218\" id=\"tfn_218\" style=\"left:752px;bottom:199px;letter-spacing:-0.45px;display:inline;\">(11) </div><div class=\"t sa_218\" id=\"tfo_218\" style=\"left:803px;bottom:199px;letter-spacing:-0.24px;display:inline;\">(1,164) </div>\n<div class=\"t se_218\" id=\"tfp_218\" style=\"left:43px;bottom:175px;display:inline;\">1 </div><div class=\"t se_218\" id=\"tfq_218\" style=\"left:56px;bottom:175px;letter-spacing:0.14px;word-spacing:-0.15px;display:inline;\">This includes drawdown and repayment of the syndicated revolving credit facility. </div>\n<div class=\"t sf_218\" id=\"tfr_218\" style=\"left:43px;bottom:11px;letter-spacing:-1.43px;display:inline;\">216 </div><div class=\"t sg_218\" id=\"tfs_218\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_218\" id=\"tft_218\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_219\" id=\"t1_219\" style=\"left:65px;bottom:956px;letter-spacing:-0.99px;display:inline;\">21 </div><div class=\"t s2_219\" id=\"t2_219\" style=\"left:87px;bottom:956px;letter-spacing:-0.05px;display:inline;\">Acquisitions </div>\n<div class=\"t s3_219\" id=\"t3_219\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_219\" id=\"t4_219\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group accounts for business combinations using the acquisition method when control is transferred to the Group. </div>\n<div class=\"t s4_219\" id=\"t5_219\" style=\"left:74px;bottom:896px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The consideration transferred in the acquisition is measured at fair value, as are the identi\ufb01able net assets acquired. Any goodwill </div>\n<div class=\"t s4_219\" id=\"t6_219\" style=\"left:74px;bottom:881px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">that\u00a0arises is tested annually for\u00a0impairment. Any gain on a bargain purchase is recognised in pro\ufb01t or loss immediately. </div>\n<div class=\"t s4_219\" id=\"t7_219\" style=\"left:74px;bottom:866px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. </div>\n<div class=\"t s4_219\" id=\"t8_219\" style=\"left:74px;bottom:842px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">Any contingent consideration payable is measured at fair value at the acquisition date. If the contingent consideration is classi\ufb01ed </div>\n<div class=\"t s4_219\" id=\"t9_219\" style=\"left:74px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">as\u00a0equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes in the fair value </div>\n<div class=\"t s4_219\" id=\"ta_219\" style=\"left:74px;bottom:811px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of\u00a0the\u00a0contingent consideration are recognised in pro\ufb01t or loss. </div>\n<div class=\"t s3_219\" id=\"tb_219\" style=\"left:65px;bottom:773px;letter-spacing:0.02px;word-spacing:0.04px;display:inline;\">Year ended 31 December 2022 </div>\n<div class=\"t s5_219\" id=\"tc_219\" style=\"left:65px;bottom:756px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">On 18 January 2022, the Group completed the acquisition of 100% of the share capital of Engage Uni, LLC (doing business as Engage </div>\n<div class=\"t s5_219\" id=\"td_219\" style=\"left:65px;bottom:740px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Surgical), owner of the only cementless unicompartmental (partial) knee system commercially available in the US. This acquisition </div>\n<div class=\"t s5_219\" id=\"te_219\" style=\"left:65px;bottom:725px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">strongly supports Smith+Nephew\u2019s Strategy for Growth by transforming our business through innovation and acquisition, while also </div>\n<div class=\"t s5_219\" id=\"tf_219\" style=\"left:65px;bottom:710px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">providing di\ufb00erentiation for our customers. </div>\n<div class=\"t s5_219\" id=\"tg_219\" style=\"left:65px;bottom:686px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">The maximum consideration, all payable in cash, is $135 million and the provisional fair value consideration is $131 million and includes </div>\n<div class=\"t s5_219\" id=\"th_219\" style=\"left:65px;bottom:670px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">$32 million of contingent consideration. The goodwill represents the control premium, the acquired workforce and the synergies </div>\n<div class=\"t s5_219\" id=\"ti_219\" style=\"left:65px;bottom:655px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">expected from integrating Engage Surgical into the Group\u2019s existing business. The majority of the consideration is expected to be </div>\n<div class=\"t s5_219\" id=\"tj_219\" style=\"left:65px;bottom:640px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">deductible for tax purposes. </div>\n<div class=\"t s5_219\" id=\"tk_219\" style=\"left:65px;bottom:616px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair value of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t s6_219\" id=\"tl_219\" style=\"left:780px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tm_219\" style=\"left:782px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tn_219\" style=\"left:784px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"to_219\" style=\"left:787px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t s6_219\" id=\"tp_219\" style=\"left:825px;bottom:602px;letter-spacing:-0.09px;display:inline;\">Engage </div>\n<div class=\"t s6_219\" id=\"tq_219\" style=\"left:822px;bottom:590px;letter-spacing:-0.07px;display:inline;\">Surgical </div>\n<div class=\"t s6_219\" id=\"tr_219\" style=\"left:780px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"ts_219\" style=\"left:782px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tt_219\" style=\"left:784px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tu_219\" style=\"left:787px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tv_219\" style=\"left:820px;bottom:578px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s5_219\" id=\"tw_219\" style=\"left:65px;bottom:558px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s5_219\" id=\"tx_219\" style=\"left:846px;bottom:558px;letter-spacing:0.16px;display:inline;\">44 </div>\n<div class=\"t s5_219\" id=\"ty_219\" style=\"left:65px;bottom:540px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s5_219\" id=\"tz_219\" style=\"left:854px;bottom:540px;display:inline;\">2 </div>\n<div class=\"t s5_219\" id=\"t10_219\" style=\"left:65px;bottom:522px;letter-spacing:0.16px;display:inline;\">Inventory </div><div class=\"t s5_219\" id=\"t11_219\" style=\"left:854px;bottom:522px;display:inline;\">2 </div>\n<div class=\"t s5_219\" id=\"t12_219\" style=\"left:65px;bottom:503px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s5_219\" id=\"t13_219\" style=\"left:851px;bottom:503px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s5_219\" id=\"t14_219\" style=\"left:65px;bottom:485px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s5_219\" id=\"t15_219\" style=\"left:846px;bottom:485px;letter-spacing:-0.59px;display:inline;\">47 </div>\n<div class=\"t s5_219\" id=\"t16_219\" style=\"left:65px;bottom:466px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s5_219\" id=\"t17_219\" style=\"left:846px;bottom:466px;letter-spacing:0.03px;display:inline;\">84 </div>\n<div class=\"t s7_219\" id=\"t18_219\" style=\"left:69px;bottom:448px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s5_219\" id=\"t19_219\" style=\"left:839px;bottom:448px;letter-spacing:-0.4px;display:inline;\">131 </div>\n<div class=\"t s5_219\" id=\"t1a_219\" style=\"left:65px;bottom:418px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The product-related intangible assets were valued using a relief-from-royalty methodology with the key inputs being revenue, </div>\n<div class=\"t s5_219\" id=\"t1b_219\" style=\"left:65px;bottom:402px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">pro\ufb01t and\u00a0discount rate. The cash out\ufb02ow from acquisitions of $113m (2021: $285m) comprises payments of consideration of </div>\n<div class=\"t s5_219\" id=\"t1c_219\" style=\"left:65px;bottom:386px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">$89m\u00a0(2021:\u00a0$236m) relating to acquisitions in the current year and payments of deferred and contingent consideration of $24m </div>\n<div class=\"t s5_219\" id=\"t1d_219\" style=\"left:65px;bottom:370px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">(2021:\u00a0$49m) relating to acquisitions completed in prior years. </div>\n<div class=\"t s5_219\" id=\"t1e_219\" style=\"left:65px;bottom:345px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">The carrying value of goodwill increased from $2,989m at 31 December 2021 to $3,031m at 31 December 2022. The acquisition in </div>\n<div class=\"t s5_219\" id=\"t1f_219\" style=\"left:65px;bottom:329px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">the\u00a0year ended 31 December 2022 increased goodwill by $84m, this was partially o\ufb00set by foreign exchange movements of $42m. </div>\n<div class=\"t s5_219\" id=\"t1g_219\" style=\"left:65px;bottom:305px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, the contribution from Engage Surgical to revenue and to pro\ufb01t was immaterial. If the business </div>\n<div class=\"t s5_219\" id=\"t1h_219\" style=\"left:65px;bottom:289px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">combination had occurred at the beginning of the year the contribution to revenue and pro\ufb01t would not have been materially di\ufb00erent. </div>\n<div class=\"t s8_219\" id=\"t1i_219\" style=\"left:831px;bottom:11px;letter-spacing:-1.73px;display:inline;\">217 </div><div class=\"t s9_219\" id=\"t1j_219\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_219\" id=\"t1k_219\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_219\" id=\"t1l_219\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_219\" id=\"t1m_219\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_219\" id=\"t1n_219\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_219\" id=\"t1o_219\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_220\" id=\"t1_220\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_220\" id=\"t2_220\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_220\" id=\"t3_220\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_220\" id=\"t4_220\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_220\" id=\"t5_220\" style=\"left:43px;bottom:956px;letter-spacing:-0.99px;display:inline;\">21 </div><div class=\"t s6_220\" id=\"t6_220\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;display:inline;\">Acquisitions </div><div class=\"t s7_220\" id=\"t7_220\" style=\"left:152px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_220\" id=\"t8_220\" style=\"left:43px;bottom:938px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">Year ended 31 December 2021 </div>\n<div class=\"t s9_220\" id=\"t9_220\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">On 4 January 2021, the Group completed the acquisition of the Extremity Orthopaedics business of Integra LifeSciences Holdings </div>\n<div class=\"t s9_220\" id=\"ta_220\" style=\"left:43px;bottom:906px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Corporation (\u2018Extremity Orthopaedics\u2019). The acquisition signi\ufb01cantly strengthens the Group\u2019s extremities business by adding a </div>\n<div class=\"t s9_220\" id=\"tb_220\" style=\"left:43px;bottom:890px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">combination of a focused sales channel, complementary shoulder replacement and upper and lower extremities portfolio, and a new </div>\n<div class=\"t s9_220\" id=\"tc_220\" style=\"left:43px;bottom:875px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">product pipeline. The transaction comprised the acquisition of the entire issued share capital of two wholly owned US subsidiaries </div>\n<div class=\"t s9_220\" id=\"td_220\" style=\"left:43px;bottom:860px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">of Integra LifeSciences Holdings Corporation group and certain assets of the Extremity Orthopaedics business held both in and </div>\n<div class=\"t s9_220\" id=\"te_220\" style=\"left:43px;bottom:845px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">outside the US. The maximum consideration is $240m and the fair value of consideration is $236m and includes no deferred </div>\n<div class=\"t s9_220\" id=\"tf_220\" style=\"left:43px;bottom:829px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">or\u00a0contingent consideration. </div>\n<div class=\"t s9_220\" id=\"tg_220\" style=\"left:43px;bottom:805px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The goodwill represents the control premium, the acquired workforce and the synergies expected from integrating Extremity </div>\n<div class=\"t s9_220\" id=\"th_220\" style=\"left:43px;bottom:790px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Orthopaedics into the Group\u2019s existing business, and is expected to be partly deductible for tax purposes. </div>\n<div class=\"t s9_220\" id=\"ti_220\" style=\"left:43px;bottom:766px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair value of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t sa_220\" id=\"tj_220\" style=\"left:758px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tk_220\" style=\"left:760px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tl_220\" style=\"left:763px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tm_220\" style=\"left:765px;bottom:740px;display:inline;\">\u00a0</div>\n<div class=\"t sa_220\" id=\"tn_220\" style=\"left:790px;bottom:753px;letter-spacing:-0.03px;display:inline;\">Extremity </div>\n<div class=\"t sa_220\" id=\"to_220\" style=\"left:773px;bottom:740px;letter-spacing:-0.06px;display:inline;\">Orthopaedics </div>\n<div class=\"t sa_220\" id=\"tp_220\" style=\"left:798px;bottom:728px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s9_220\" id=\"tq_220\" style=\"left:43px;bottom:709px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s9_220\" id=\"tr_220\" style=\"left:817px;bottom:709px;letter-spacing:-0.6px;display:inline;\">101 </div>\n<div class=\"t s9_220\" id=\"ts_220\" style=\"left:43px;bottom:690px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Customer-related </div><div class=\"t s9_220\" id=\"tt_220\" style=\"left:825px;bottom:690px;letter-spacing:-0.54px;display:inline;\">11 </div>\n<div class=\"t s9_220\" id=\"tu_220\" style=\"left:43px;bottom:672px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s9_220\" id=\"tv_220\" style=\"left:825px;bottom:672px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t s9_220\" id=\"tw_220\" style=\"left:43px;bottom:653px;letter-spacing:0.16px;display:inline;\">Inventory </div><div class=\"t s9_220\" id=\"tx_220\" style=\"left:825px;bottom:653px;letter-spacing:-0.84px;display:inline;\">41 </div>\n<div class=\"t s9_220\" id=\"ty_220\" style=\"left:43px;bottom:635px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Other payables </div><div class=\"t s9_220\" id=\"tz_220\" style=\"left:820px;bottom:635px;letter-spacing:-0.1px;display:inline;\">(23) </div>\n<div class=\"t s9_220\" id=\"t10_220\" style=\"left:43px;bottom:616px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net deferred tax asset </div><div class=\"t s9_220\" id=\"t11_220\" style=\"left:821px;bottom:616px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s9_220\" id=\"t12_220\" style=\"left:43px;bottom:598px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s9_220\" id=\"t13_220\" style=\"left:817px;bottom:598px;letter-spacing:-0.3px;display:inline;\">140 </div>\n<div class=\"t s9_220\" id=\"t14_220\" style=\"left:43px;bottom:580px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s9_220\" id=\"t15_220\" style=\"left:824px;bottom:580px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t sb_220\" id=\"t16_220\" style=\"left:48px;bottom:561px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s9_220\" id=\"t17_220\" style=\"left:817px;bottom:561px;letter-spacing:-0.17px;display:inline;\">236 </div>\n<div class=\"t s9_220\" id=\"t18_220\" style=\"left:43px;bottom:532px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The product-related intangible assets were valued using an excess earnings methodology with the key inputs being revenue, pro\ufb01t </div>\n<div class=\"t s9_220\" id=\"t19_220\" style=\"left:43px;bottom:517px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">and\u00a0discount rate. The cash out\ufb02ow from acquisitions of $285m (2020: $170m) comprises payments of consideration of $236m </div>\n<div class=\"t s9_220\" id=\"t1a_220\" style=\"left:43px;bottom:502px;letter-spacing:-0.07px;word-spacing:-0.04px;display:inline;\">(2020:\u00a0$117m) relating to the acquisition which completed in the current year and payments of deferred and contingent consideration </div>\n<div class=\"t s9_220\" id=\"t1b_220\" style=\"left:43px;bottom:486px;letter-spacing:0.04px;word-spacing:-0.02px;display:inline;\">of\u00a0$49m (2020: $53m) relating to acquisitions completed in prior years. </div>\n<div class=\"t s9_220\" id=\"t1c_220\" style=\"left:43px;bottom:462px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">The carrying value of goodwill increased from $2,928m at 31 December 2020 to $2,989m at 31 December 2021. The acquisition in </div>\n<div class=\"t s9_220\" id=\"t1d_220\" style=\"left:43px;bottom:447px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">the\u00a0year ended 31 December 2021 increased goodwill by $96m, this was partially o\ufb00set by foreign exchange movements of $35m. </div>\n<div class=\"t s9_220\" id=\"t1e_220\" style=\"left:43px;bottom:432px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">For the year ended 31 December 2021, the contribution from Extremity Orthopaedics to revenue was $82m and to pro\ufb01t was </div>\n<div class=\"t s9_220\" id=\"t1f_220\" style=\"left:43px;bottom:417px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">immaterial. If the business combination had occurred at the beginning of the year the contribution to revenue and pro\ufb01t would not </div>\n<div class=\"t s9_220\" id=\"t1g_220\" style=\"left:43px;bottom:401px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">have\u00a0been materially di\ufb00erent. </div>\n<div class=\"t s8_220\" id=\"t1h_220\" style=\"left:43px;bottom:377px;letter-spacing:0.02px;word-spacing:0.03px;display:inline;\">Year ended 31 December 2020 </div>\n<div class=\"t s9_220\" id=\"t1i_220\" style=\"left:43px;bottom:359px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">On 23 January 2020, the Group completed the acquisition of 100% of the share capital of Tusker Medical Inc. (\u2018Tusker\u2019), a developer </div>\n<div class=\"t s9_220\" id=\"t1j_220\" style=\"left:43px;bottom:344px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of\u00a0an innovative in-o\ufb03ce solution for tympanostomy (ear tubes) called Tula. The acquisition was deemed to be a business combination </div>\n<div class=\"t s9_220\" id=\"t1k_220\" style=\"left:43px;bottom:329px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">within the scope of IFRS 3 Business Combinations. The acquisition supports the Group\u2019s strategy to invest in innovative technologies that </div>\n<div class=\"t s9_220\" id=\"t1l_220\" style=\"left:43px;bottom:314px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">address unmet clinical needs. The maximum consideration is $140m and the fair value of consideration is $139m and includes $6m of </div>\n<div class=\"t s9_220\" id=\"t1m_220\" style=\"left:43px;bottom:298px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">deferred consideration and $35m of contingent consideration. The goodwill represents the control premium, the acquired workforce and </div>\n<div class=\"t s9_220\" id=\"t1n_220\" style=\"left:43px;bottom:283px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the synergies expected from integrating Tusker into the Group\u2019s existing business, and is not expected to be deductible for tax purposes. </div>\n<div class=\"t s9_220\" id=\"t1o_220\" style=\"left:43px;bottom:268px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">The acquisition accounting was completed in 2021 with no adjustments to the fair value disclosed in the Group\u2019s 2020 Annual Report. </div>\n<div class=\"t s9_220\" id=\"t1p_220\" style=\"left:43px;bottom:244px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">For the year ended 31 December 2020, the contribution to revenue and pro\ufb01t from Tusker was immaterial. If the business combination </div>\n<div class=\"t s9_220\" id=\"t1q_220\" style=\"left:43px;bottom:228px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">had occurred at the beginning of the year, the contribution to revenue and pro\ufb01t would also have been immaterial. </div>\n<div class=\"t sc_220\" id=\"t1r_220\" style=\"left:43px;bottom:11px;letter-spacing:-1.19px;display:inline;\">218 </div><div class=\"t sd_220\" id=\"t1s_220\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_220\" id=\"t1t_220\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_221\" id=\"t1_221\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair values of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t s2_221\" id=\"t2_221\" style=\"left:780px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t3_221\" style=\"left:782px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t4_221\" style=\"left:784px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t5_221\" style=\"left:787px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t6_221\" style=\"left:829px;bottom:944px;letter-spacing:-0.28px;display:inline;\">Tusker </div>\n<div class=\"t s2_221\" id=\"t7_221\" style=\"left:820px;bottom:932px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s1_221\" id=\"t8_221\" style=\"left:65px;bottom:913px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s1_221\" id=\"t9_221\" style=\"left:846px;bottom:913px;letter-spacing:-0.31px;display:inline;\">53 </div>\n<div class=\"t s1_221\" id=\"ta_221\" style=\"left:65px;bottom:894px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s1_221\" id=\"tb_221\" style=\"left:854px;bottom:894px;display:inline;\">6 </div>\n<div class=\"t s1_221\" id=\"tc_221\" style=\"left:65px;bottom:876px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other receivables </div><div class=\"t s1_221\" id=\"td_221\" style=\"left:854px;bottom:876px;display:inline;\">1 </div>\n<div class=\"t s1_221\" id=\"te_221\" style=\"left:65px;bottom:857px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s1_221\" id=\"tf_221\" style=\"left:850px;bottom:857px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s1_221\" id=\"tg_221\" style=\"left:65px;bottom:839px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Non-current liabilities </div><div class=\"t s1_221\" id=\"th_221\" style=\"left:850px;bottom:839px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s1_221\" id=\"ti_221\" style=\"left:65px;bottom:820px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net deferred tax asset </div><div class=\"t s1_221\" id=\"tj_221\" style=\"left:854px;bottom:820px;display:inline;\">5 </div>\n<div class=\"t s1_221\" id=\"tk_221\" style=\"left:65px;bottom:802px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s1_221\" id=\"tl_221\" style=\"left:846px;bottom:802px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t s1_221\" id=\"tm_221\" style=\"left:65px;bottom:784px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s1_221\" id=\"tn_221\" style=\"left:846px;bottom:784px;letter-spacing:-0.17px;display:inline;\">83 </div>\n<div class=\"t s3_221\" id=\"to_221\" style=\"left:69px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s1_221\" id=\"tp_221\" style=\"left:838px;bottom:765px;letter-spacing:-0.2px;display:inline;\">139 </div>\n<div class=\"t s1_221\" id=\"tq_221\" style=\"left:65px;bottom:736px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">During the year ended 31 December 2020, the Group also completed two other smaller acquisitions in the spheres of remote physical </div>\n<div class=\"t s1_221\" id=\"tr_221\" style=\"left:65px;bottom:721px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">therapy and arthroscopic enabling technology. The maximum aggregated consideration is $41m and the fair value of consideration is </div>\n<div class=\"t s1_221\" id=\"ts_221\" style=\"left:65px;bottom:706px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">$26m and includes $3m of deferred consideration and $17m of contingent consideration. The fair value of aggregate assets acquired is: </div>\n<div class=\"t s1_221\" id=\"tt_221\" style=\"left:65px;bottom:690px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">intangible assets of $8m, property and other net assets of $2m. The goodwill arising on these acquisitions is $16m, which is not expected </div>\n<div class=\"t s1_221\" id=\"tu_221\" style=\"left:65px;bottom:675px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">to be deductible for tax purposes, and is attributable to future iterations of the technologies and the synergies that can be expected </div>\n<div class=\"t s1_221\" id=\"tv_221\" style=\"left:65px;bottom:660px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">from integrating these acquisitions into the Group\u2019s existing business. </div>\n<div class=\"t s1_221\" id=\"tw_221\" style=\"left:65px;bottom:636px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2020, the contribution to revenue and pro\ufb01t from the business combinations was immaterial. If the </div>\n<div class=\"t s1_221\" id=\"tx_221\" style=\"left:65px;bottom:621px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">business combinations had occurred at the beginning of the year, the contribution to revenue and pro\ufb01t would have been immaterial. </div>\n<div class=\"t s4_221\" id=\"ty_221\" style=\"left:830px;bottom:11px;letter-spacing:-1.22px;display:inline;\">219 </div><div class=\"t s5_221\" id=\"tz_221\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s6_221\" id=\"t10_221\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s7_221\" id=\"t11_221\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s7_221\" id=\"t12_221\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s8_221\" id=\"t13_221\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s7_221\" id=\"t14_221\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_222\" id=\"t1_222\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_222\" id=\"t2_222\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_222\" id=\"t3_222\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_222\" id=\"t4_222\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_222\" id=\"t5_222\" style=\"left:43px;bottom:956px;letter-spacing:-0.77px;display:inline;\">22 </div><div class=\"t s6_222\" id=\"t6_222\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;word-spacing:-0.05px;display:inline;\">Other notes to the accounts </div>\n<div class=\"t s7_222\" id=\"t7_222\" style=\"left:43px;bottom:938px;letter-spacing:-0.46px;display:inline;\">22.1 </div><div class=\"t s8_222\" id=\"t8_222\" style=\"left:74px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.12px;display:inline;\">Share-based payments </div>\n<div class=\"t s9_222\" id=\"t9_222\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sa_222\" id=\"ta_222\" style=\"left:53px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group operates a number of equity-settled executive and employee share plans. For all grants of share options and awards, </div>\n<div class=\"t sa_222\" id=\"tb_222\" style=\"left:53px;bottom:878px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0fair value at the grant date is calculated using appropriate option pricing models. The grant date fair value is recognised over </div>\n<div class=\"t sa_222\" id=\"tc_222\" style=\"left:53px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the\u00a0vesting period as an expense, with a corresponding increase in retained earnings. </div>\n<div class=\"t sb_222\" id=\"td_222\" style=\"left:43px;bottom:825px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">The Group operates the following equity-settled executive and employee share plans: Smith &amp; Nephew Global Share Plan 2010, </div>\n<div class=\"t sb_222\" id=\"te_222\" style=\"left:43px;bottom:810px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Smith &amp; Nephew Global Share Plan 2020, Smith &amp; Nephew ShareSave Plan (2012) and Smith &amp; Nephew International ShareSave </div>\n<div class=\"t sb_222\" id=\"tf_222\" style=\"left:43px;bottom:795px;letter-spacing:-0.01px;word-spacing:0.04px;display:inline;\">Plan\u00a0(2012). At 31 December 2022, 5,202,000 options (2021: 4,472,000, 2020: 4,582,000) were outstanding with a range of </div>\n<div class=\"t sb_222\" id=\"tg_222\" style=\"left:43px;bottom:779px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">exercise\u00a0prices\u00a0from 843\u00a0to 1,541 pence. </div>\n<div class=\"t sb_222\" id=\"th_222\" style=\"left:43px;bottom:756px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">At 31 December 2022, the maximum number of shares that could be awarded under the Group\u2019s long-term incentive plans was </div>\n<div class=\"t sb_222\" id=\"ti_222\" style=\"left:43px;bottom:740px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">7,371,000 (2021: 5,997,000, 2020: 4,704,000). These include conditional share awards granted to senior employees and equity </div>\n<div class=\"t sb_222\" id=\"tj_222\" style=\"left:43px;bottom:725px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">and\u00a0performance share awards granted to senior executives under the Global Share Plan 2010 and Global Share Plan 2020. </div>\n<div class=\"t sb_222\" id=\"tk_222\" style=\"left:43px;bottom:701px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">The expense charged to the income statement for share-based payments for the year is $40m (2021: $41m, 2020: $26m). </div>\n<div class=\"t s7_222\" id=\"tl_222\" style=\"left:43px;bottom:676px;letter-spacing:-0.35px;display:inline;\">22.2 </div><div class=\"t s8_222\" id=\"tm_222\" style=\"left:74px;bottom:676px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Related party transactions </div>\n<div class=\"t s9_222\" id=\"tn_222\" style=\"left:43px;bottom:658px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Trading transactions </div>\n<div class=\"t sb_222\" id=\"to_222\" style=\"left:43px;bottom:641px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">In the course of normal operations, the Group traded with its associates detailed in Note 11. The aggregated transactions, </div>\n<div class=\"t sb_222\" id=\"tp_222\" style=\"left:43px;bottom:626px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">which\u00a0have not been disclosed elsewhere in the \ufb01nancial statements are $nil (2021: $nil, 2020: $nil). </div>\n<div class=\"t s9_222\" id=\"tq_222\" style=\"left:43px;bottom:601px;letter-spacing:0.16px;word-spacing:-0.1px;display:inline;\">Key management personnel </div>\n<div class=\"t sb_222\" id=\"tr_222\" style=\"left:43px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The remuneration of Executive O\ufb03cers (including Non-Executive Directors) during the year is summarised below: </div>\n<div class=\"t sc_222\" id=\"ts_222\" style=\"left:585px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tt_222\" style=\"left:587px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tu_222\" style=\"left:640px;bottom:561px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t sc_222\" id=\"tv_222\" style=\"left:674px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tw_222\" style=\"left:727px;bottom:561px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t sc_222\" id=\"tx_222\" style=\"left:760px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"ty_222\" style=\"left:813px;bottom:561px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div><div class=\"t sc_222\" id=\"tz_222\" style=\"left:847px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t sc_222\" id=\"t10_222\" style=\"left:585px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t11_222\" style=\"left:587px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t12_222\" style=\"left:589px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t13_222\" style=\"left:592px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t14_222\" style=\"left:625px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t15_222\" style=\"left:671px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t16_222\" style=\"left:674px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t17_222\" style=\"left:676px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t18_222\" style=\"left:678px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t19_222\" style=\"left:711px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1a_222\" style=\"left:758px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1b_222\" style=\"left:760px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1c_222\" style=\"left:763px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1d_222\" style=\"left:765px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1e_222\" style=\"left:798px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1f_222\" style=\"left:844px;bottom:549px;display:inline;\">\u00a0</div>\n<div class=\"t sb_222\" id=\"t1g_222\" style=\"left:43px;bottom:530px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Short-term employee bene\ufb01ts </div><div class=\"t sd_222\" id=\"t1h_222\" style=\"left:651px;bottom:530px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sb_222\" id=\"t1i_222\" style=\"left:738px;bottom:530px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sb_222\" id=\"t1j_222\" style=\"left:825px;bottom:530px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t sb_222\" id=\"t1k_222\" style=\"left:43px;bottom:511px;letter-spacing:0.18px;word-spacing:-0.12px;display:inline;\">Share-based payments expense </div><div class=\"t sd_222\" id=\"t1l_222\" style=\"left:650px;bottom:511px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t sb_222\" id=\"t1m_222\" style=\"left:745px;bottom:511px;display:inline;\">7 </div><div class=\"t sb_222\" id=\"t1n_222\" style=\"left:832px;bottom:511px;display:inline;\">5 </div>\n<div class=\"t sb_222\" id=\"t1o_222\" style=\"left:43px;bottom:493px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Pension and post-employment bene\ufb01t entitlements </div><div class=\"t sd_222\" id=\"t1p_222\" style=\"left:658px;bottom:493px;display:inline;\">2 </div><div class=\"t sb_222\" id=\"t1q_222\" style=\"left:745px;bottom:493px;display:inline;\">1 </div><div class=\"t sb_222\" id=\"t1r_222\" style=\"left:832px;bottom:493px;display:inline;\">2 </div>\n<div class=\"t sd_222\" id=\"t1s_222\" style=\"left:650px;bottom:474px;letter-spacing:-0.33px;display:inline;\">29 </div><div class=\"t sb_222\" id=\"t1t_222\" style=\"left:738px;bottom:474px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sb_222\" id=\"t1u_222\" style=\"left:825px;bottom:474px;letter-spacing:-0.45px;display:inline;\">19 </div>\n<div class=\"t sb_222\" id=\"t1v_222\" style=\"left:43px;bottom:446px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">Directors\u2019 remuneration disclosures are included on pages 116\u2013145. </div>\n<div class=\"t s9_222\" id=\"t1w_222\" style=\"left:43px;bottom:421px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Retirement bene\ufb01t schemes </div>\n<div class=\"t sb_222\" id=\"t1x_222\" style=\"left:43px;bottom:404px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Details of the Group\u2019s retirement bene\ufb01t schemes are set out in Note 18. </div>\n<div class=\"t s5_222\" id=\"t1y_222\" style=\"left:43px;bottom:377px;letter-spacing:-0.53px;display:inline;\">23 </div><div class=\"t s6_222\" id=\"t1z_222\" style=\"left:66px;bottom:377px;letter-spacing:-0.04px;word-spacing:-0.05px;display:inline;\">Post balance sheet events </div>\n<div class=\"t sb_222\" id=\"t20_222\" style=\"left:43px;bottom:360px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">There have been no events between the balance sheet date, and the date on which the \ufb01nancial statements were approved by the </div>\nBoard, which would require adjustment to the \ufb01nancial statements or any additional disclosures. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20771": {
   "value": "1 <div class=\"t s4_170\" id=\"t4_170\" style=\"left:56px;bottom:921px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Basis of preparation </div>\n<div class=\"t s5_170\" id=\"t5_170\" style=\"left:43px;bottom:904px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Smith &amp; Nephew plc (the \u201cCompany\u201d) is a public limited company incorporated in England and Wales. In these accounts, the \u2018Group\u2019 </div>\n<div class=\"t s5_170\" id=\"t6_170\" style=\"left:43px;bottom:889px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">means the Company and all its subsidiaries. The principal activities of the Group are to develop, manufacture, market and sell medical </div>\n<div class=\"t s5_170\" id=\"t7_170\" style=\"left:43px;bottom:874px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">devices and services. </div>\n<div class=\"t s5_170\" id=\"t8_170\" style=\"left:43px;bottom:850px;letter-spacing:0.06px;word-spacing:-0.09px;display:inline;\">The Group has prepared its accounts in accordance with UK-adopted International Accounting Standards. The Group has also prepared </div>\n<div class=\"t s5_170\" id=\"t9_170\" style=\"left:43px;bottom:835px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">its accounts in accordance with IFRS as issued by the International Accounting Standards Board (IASB) e\ufb00ective as at 31 December 2022. </div>\n<div class=\"t s5_170\" id=\"ta_170\" style=\"left:43px;bottom:819px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">IFRS as adopted in the UK di\ufb00ers in certain respects from IFRS as issued by the IASB. However, the di\ufb00erences have no impact for the </div>\n<div class=\"t s5_170\" id=\"tb_170\" style=\"left:43px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">periods presented. </div>\n<div class=\"t s5_170\" id=\"tc_170\" style=\"left:43px;bottom:780px;word-spacing:-0.11px;display:inline;\">The preparation of accounts in conformity with IFRS requires management to use estimates and assumptions that a\ufb00ect the reported </div>\n<div class=\"t s5_170\" id=\"td_170\" style=\"left:43px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the accounts and the reported </div>\n<div class=\"t s5_170\" id=\"te_170\" style=\"left:43px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">amounts of revenues and expenses during the year. The accounting policies requiring management to use signi\ufb01cant estimates and </div>\n<div class=\"t s5_170\" id=\"tf_170\" style=\"left:43px;bottom:734px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">assumptions are: inventories, liability provisions and impairment. These are discussed in Note 1.2 below. Although these estimates </div>\n<div class=\"t s5_170\" id=\"tg_170\" style=\"left:43px;bottom:719px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">are based on management\u2019s best knowledge of current events and actions, actual results ultimately may di\ufb00er from those estimates. </div>\n<div class=\"t s5_170\" id=\"th_170\" style=\"left:43px;bottom:704px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Estimates and\u00a0underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. </div>\n<div class=\"t s5_170\" id=\"ti_170\" style=\"left:43px;bottom:680px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The uncertainties as to the future impact on the \ufb01nancial performance and cash \ufb02ows of the Group as a result of the current challenging </div>\n<div class=\"t s5_170\" id=\"tj_170\" style=\"left:43px;bottom:665px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic environment have been considered as part of the Group\u2019s adoption of the going concern basis in these \ufb01nancial statements, </div>\n<div class=\"t s5_170\" id=\"tk_170\" style=\"left:43px;bottom:649px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0which context the Directors reviewed cash \ufb02ow forecasts prepared for a period of at least 12 months from the date of approval </div>\n<div class=\"t s5_170\" id=\"tl_170\" style=\"left:43px;bottom:634px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0these \ufb01nancial statements. Having carefully reviewed those forecasts, the Directors concluded that it was appropriate to\u00a0adopt </div>\n<div class=\"t s5_170\" id=\"tm_170\" style=\"left:43px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">the\u00a0going concern basis of accounting in preparing these \ufb01nancial statements for the reasons set out below. </div>\n<div class=\"t s5_170\" id=\"tn_170\" style=\"left:43px;bottom:595px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group had access to $344m of cash and cash equivalents at 31 December 2022. The Group\u2019s net debt, excluding lease liabilities, </div>\n<div class=\"t s5_170\" id=\"to_170\" style=\"left:43px;bottom:579px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">at 31 December 2022 was $2,339m with access to committed facilities of $3.7bn with an average maturity of 5.1 years. At the date </div>\n<div class=\"t s5_170\" id=\"tp_170\" style=\"left:43px;bottom:564px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">of\u00a0approving these \ufb01nancial statements the funding position of the Group has remained unchanged and the cash position is\u00a0not </div>\n<div class=\"t s5_170\" id=\"tq_170\" style=\"left:43px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">materially di\ufb00erent. </div>\n<div class=\"t s5_170\" id=\"tr_170\" style=\"left:43px;bottom:525px;word-spacing:-0.03px;display:inline;\">The Group has $105m of private placement debt due for repayment in 2023. $1,160m of private placement debt is subject to \ufb01nancial </div>\n<div class=\"t s5_170\" id=\"ts_170\" style=\"left:43px;bottom:510px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">covenants. The principal covenant on the private placement debt is a leverage ratio of &lt;3.5 which is measured on a rolling 12-month </div>\n<div class=\"t s5_170\" id=\"tt_170\" style=\"left:43px;bottom:494px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">basis at half year and year end. There are no \ufb01nancial covenants in any of the Group\u2019s other facilities. </div>\n<div class=\"t s5_170\" id=\"tu_170\" style=\"left:43px;bottom:470px;word-spacing:-0.1px;display:inline;\">The Directors have considered various scenarios in assessing the impact of the economic environment on future \ufb01nancial performance </div>\n<div class=\"t s5_170\" id=\"tv_170\" style=\"left:43px;bottom:455px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0cash \ufb02ows, with the key judgement applied being the speed and sustainability of the return to a normal volume of elective </div>\n<div class=\"t s5_170\" id=\"tw_170\" style=\"left:43px;bottom:440px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">procedures in key markets, including the impact of a signi\ufb01cant global economic recession, leading to lower healthcare spending </div>\n<div class=\"t s5_170\" id=\"tx_170\" style=\"left:43px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">across\u00a0both public and private systems. Throughout these scenarios, which include a severe but plausible outcome, the Group </div>\n<div class=\"t s5_170\" id=\"ty_170\" style=\"left:43px;bottom:409px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">continues\u00a0to have headroom on its borrowing facilities and \ufb01nancial covenants. </div>\n<div class=\"t s5_170\" id=\"tz_170\" style=\"left:43px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Directors have a reasonable expectation that the Company and the Group are well placed to manage their business risks, </div>\n<div class=\"t s5_170\" id=\"t10_170\" style=\"left:43px;bottom:370px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">have\u00a0su\ufb03cient funds to continue to meet their liabilities as they fall due and to continue in operational existence for a period of at </div>\n<div class=\"t s5_170\" id=\"t11_170\" style=\"left:43px;bottom:355px;letter-spacing:0.06px;word-spacing:-0.09px;display:inline;\">least\u00a012 months from the date of the approval of these \ufb01nancial statements. The \ufb01nancial statements have therefore been prepared </div>\n<div class=\"t s5_170\" id=\"t12_170\" style=\"left:43px;bottom:340px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">on\u00a0a\u00a0going\u00a0concern basis. </div>\n<div class=\"t s5_170\" id=\"t13_170\" style=\"left:43px;bottom:316px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Accordingly, the Directors continue to adopt the going concern basis (in accordance with the guidance \u2018Guidance on Risk Management, </div>\n<div class=\"t s5_170\" id=\"t14_170\" style=\"left:43px;bottom:300px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Internal Control and Related Financial and Business Reporting\u2019 issued by the FRC) in preparing these \ufb01nancial statements. </div>\n<div class=\"t s6_170\" id=\"t15_170\" style=\"left:43px;bottom:276px;letter-spacing:-0.22px;word-spacing:-0.04px;display:inline;\">New accounting standards e\ufb00ective 2022 </div>\n<div class=\"t s5_170\" id=\"t16_170\" style=\"left:43px;bottom:258px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">A number of new amendments to standards are e\ufb00ective from 1 January 2022 but they do not have a material e\ufb00ect on the Group\u2019s </div>\n<div class=\"t s5_170\" id=\"t17_170\" style=\"left:43px;bottom:243px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">\ufb01nancial statements. </div>\n<div class=\"t s6_170\" id=\"t18_170\" style=\"left:43px;bottom:218px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Accounting standards issued but not yet e\ufb00ective </div>\n<div class=\"t s5_170\" id=\"t19_170\" style=\"left:43px;bottom:201px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">A number of new standards and amendments to standards are e\ufb00ective for annual periods beginning a\ufb05er 1 January 2022 and earlier </div>\n<div class=\"t s5_170\" id=\"t1a_170\" style=\"left:43px;bottom:186px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">application is permitted; however, the Group has not early adopted them in preparing these \ufb01nancial statements. </div>\n<div class=\"t s7_170\" id=\"t1b_170\" style=\"left:42px;bottom:950px;letter-spacing:-0.1px;word-spacing:0.07px;display:inline;\">Notes to the Group accounts </div>\n<div class=\"t s8_170\" id=\"t1c_170\" style=\"left:43px;bottom:11px;letter-spacing:-0.9px;display:inline;\">168 </div><div class=\"t s9_170\" id=\"t1d_170\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_170\" id=\"t1e_170\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_171\" id=\"t1_171\" style=\"left:65px;bottom:958px;letter-spacing:-0.28px;display:inline;\">1.1 </div><div class=\"t s2_171\" id=\"t2_171\" style=\"left:88px;bottom:958px;letter-spacing:-0.15px;display:inline;\">Consolidation </div>\n<div class=\"t s3_171\" id=\"t3_171\" style=\"left:65px;bottom:941px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group accounts include the accounts of Smith &amp; Nephew plc and its subsidiaries for the periods during which they were members </div>\n<div class=\"t s3_171\" id=\"t4_171\" style=\"left:65px;bottom:926px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">of\u00a0the Group. </div>\n<div class=\"t s3_171\" id=\"t5_171\" style=\"left:65px;bottom:902px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns </div>\n<div class=\"t s3_171\" id=\"t6_171\" style=\"left:65px;bottom:886px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">from\u00a0its involvement with the entity and has the ability to a\ufb00ect those returns through its power over the entity. Subsidiaries are </div>\n<div class=\"t s3_171\" id=\"t7_171\" style=\"left:65px;bottom:871px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">consolidated in the Group accounts from the date that the Group obtains control and continue to be consolidated until the date </div>\n<div class=\"t s3_171\" id=\"t8_171\" style=\"left:65px;bottom:856px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">that such control ceases. Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group </div>\n<div class=\"t s3_171\" id=\"t9_171\" style=\"left:65px;bottom:841px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">transactions, are eliminated on consolidation. All\u00a0subsidiaries have year ends which are coterminous with the Group\u2019s, with the </div>\n<div class=\"t s3_171\" id=\"ta_171\" style=\"left:65px;bottom:825px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">exception\u00a0of jurisdictions whereby a di\ufb00erent year end is required by local legislation. </div>\n<div class=\"t s3_171\" id=\"tb_171\" style=\"left:65px;bottom:801px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary and any related components </div>\n<div class=\"t s3_171\" id=\"tc_171\" style=\"left:65px;bottom:786px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of\u00a0equity. Any resulting gain or loss is recognised in pro\ufb01t or loss. Any retained interest in the former subsidiary is measured at fair value. </div>\n<div class=\"t s1_171\" id=\"td_171\" style=\"left:65px;bottom:761px;letter-spacing:-0.12px;display:inline;\">1.2 </div><div class=\"t s2_171\" id=\"te_171\" style=\"left:88px;bottom:761px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Critical judgements and estimates </div>\n<div class=\"t s3_171\" id=\"tf_171\" style=\"left:65px;bottom:744px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group prepares its consolidated \ufb01nancial statements in accordance with IFRS as issued by the IASB and IFRS adopted in the </div>\n<div class=\"t s3_171\" id=\"tg_171\" style=\"left:65px;bottom:729px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">UK, the application of which o\ufb05en requires judgements and estimates to\u00a0be made by management when formulating the Group\u2019s </div>\n<div class=\"t s3_171\" id=\"th_171\" style=\"left:65px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">\ufb01nancial position and results. Under IFRS, the Directors are required to adopt those accounting policies most appropriate to the </div>\n<div class=\"t s3_171\" id=\"ti_171\" style=\"left:65px;bottom:698px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u2019s\u00a0circumstances for the purpose of presenting fairly the Group\u2019s \ufb01nancial position, \ufb01nancial performance and cash \ufb02ows. </div>\n<div class=\"t s3_171\" id=\"tj_171\" style=\"left:65px;bottom:674px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group\u2019s accounting policies do not include any critical judgements. The Group\u2019s accounting policies are set out in Notes 1\u201323 </div>\n<div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:659px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">of\u00a0the\u00a0Notes to the Group accounts. Of those, the policies which require the most use of management\u2019s estimation are outlined below. </div>\n<div class=\"t s3_171\" id=\"tl_171\" style=\"left:65px;bottom:644px;letter-spacing:0.05px;word-spacing:-0.08px;display:inline;\">The critical estimates are consistent with 31 December 2021. Management have considered the impact of the uncertainties around </div>\n<div class=\"t s3_171\" id=\"tm_171\" style=\"left:65px;bottom:629px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">the\u00a0current challenging economic environment below. </div>\n<div class=\"t s2_171\" id=\"tn_171\" style=\"left:65px;bottom:604px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Valuation of inventories </div>\n<div class=\"t s3_171\" id=\"to_171\" style=\"left:65px;bottom:587px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">A feature of the Orthopaedics franchise (which accounts for approximately 60% of the Group\u2019s total inventory and approximately </div>\n<div class=\"t s3_171\" id=\"tp_171\" style=\"left:65px;bottom:571px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">80% of the total provision for excess and obsolete inventory) is the high level of\u00a0product inventory required, some of which is located </div>\n<div class=\"t s3_171\" id=\"tq_171\" style=\"left:65px;bottom:556px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">at customer premises and is available for customers\u2019 immediate use. Complete sets of products, including large and small sizes, have </div>\n<div class=\"t s3_171\" id=\"tr_171\" style=\"left:65px;bottom:541px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">to be made available in this way. These sizes are used less frequently than standard sizes and towards the end of the product life cycle </div>\n<div class=\"t s3_171\" id=\"ts_171\" style=\"left:65px;bottom:525px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be made to orthopaedic inventory to </div>\n<div class=\"t s3_171\" id=\"tt_171\" style=\"left:65px;bottom:510px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">anticipate this situation. These adjustments are calculated in accordance with a formula based on levels of inventory compared with </div>\n<div class=\"t s3_171\" id=\"tu_171\" style=\"left:65px;bottom:495px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">historical usage. This formula is applied on an individual product line basis and typically is \ufb01rst applied when a product group has been </div>\n<div class=\"t s3_171\" id=\"tv_171\" style=\"left:65px;bottom:480px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">on the market for two years. This method of calculation is considered appropriate based on experience, but it does require management </div>\n<div class=\"t s3_171\" id=\"tw_171\" style=\"left:65px;bottom:464px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">estimate in respect of customer demand, e\ufb00ectiveness of inventory deployment, length of product lives and phase-out of old products. </div>\n<div class=\"t s3_171\" id=\"tx_171\" style=\"left:65px;bottom:449px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">See Note 12 for further details. </div>\n<div class=\"t s3_171\" id=\"ty_171\" style=\"left:65px;bottom:425px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Current economic environment impact assessment: In assessing the increase in provision for excess and obsolete inventory, </div>\n<div class=\"t s3_171\" id=\"tz_171\" style=\"left:65px;bottom:410px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">management have considered the impact of higher input cost in\ufb02ation on increased inventory levels. Management have not changed </div>\n<div class=\"t s3_171\" id=\"t10_171\" style=\"left:65px;bottom:395px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">their\u00a0accounting policy since 31 December 2021, nor is a change in the key assumptions underlying the methodology expected in </div>\n<div class=\"t s3_171\" id=\"t11_171\" style=\"left:65px;bottom:379px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">the next 12 months. Primarily due to inventory growth, the provision has increased from $430m at 31 December 2021 to $504m </div>\n<div class=\"t s3_171\" id=\"t12_171\" style=\"left:65px;bottom:364px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">at 31 December 2022. The provision for excess and obsolete inventory is not considered to have a range of potential outcomes that </div>\n<div class=\"t s3_171\" id=\"t13_171\" style=\"left:65px;bottom:349px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">is signi\ufb01cantly di\ufb00erent to the $504m at 31 December 2022 in the next 12 months. The provision has a high degree of estimation </div>\n<div class=\"t s3_171\" id=\"t14_171\" style=\"left:65px;bottom:333px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">uncertainty given the range of products and sizes, with a potential range of reasonable outcomes that could be material over the </div>\n<div class=\"t s3_171\" id=\"t15_171\" style=\"left:65px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">longer term. </div>\n<div class=\"t s4_171\" id=\"t16_171\" style=\"left:830px;bottom:11px;letter-spacing:-1.24px;display:inline;\">169 </div><div class=\"t s5_171\" id=\"t17_171\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s6_171\" id=\"t18_171\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s7_171\" id=\"t19_171\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s7_171\" id=\"t1a_171\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s8_171\" id=\"t1b_171\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s7_171\" id=\"t1c_171\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_172\" id=\"t1_172\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_172\" id=\"t2_172\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_172\" id=\"t3_172\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_172\" id=\"t4_172\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_172\" id=\"t5_172\" style=\"left:43px;bottom:956px;display:inline;\">1 </div><div class=\"t s6_172\" id=\"t6_172\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">Basis of preparation </div><div class=\"t s7_172\" id=\"t7_172\" style=\"left:196px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_172\" id=\"t8_172\" style=\"left:43px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liability provisioning </div>\n<div class=\"t s9_172\" id=\"t9_172\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The recognition of provisions for legal disputes related to metal-on-metal cases is subject to a signi\ufb01cant degree of estimation. </div>\n<div class=\"t s9_172\" id=\"ta_172\" style=\"left:43px;bottom:906px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Provision is made for loss contingencies when it is considered probable that an adverse outcome will occur and the amount of </div>\n<div class=\"t s9_172\" id=\"tb_172\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0loss\u00a0can be reasonably estimated. In making its estimates, management takes into account the advice of internal and external </div>\n<div class=\"t s9_172\" id=\"tc_172\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">legal\u00a0counsel. Provisions are reviewed regularly and amounts updated where necessary to re\ufb02ect developments in the disputes. </div>\n<div class=\"t s9_172\" id=\"td_172\" style=\"left:43px;bottom:860px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The value of provisions may require future adjustment if experience such as number, nature or value of claims or settlements changes. </div>\n<div class=\"t s9_172\" id=\"te_172\" style=\"left:43px;bottom:845px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Such a change may be material in 2023 or therea\ufb05er. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s9_172\" id=\"tf_172\" style=\"left:43px;bottom:829px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings and settlement negotiations or if investigations bring to light new facts. See Note 17 for further details. </div>\n<div class=\"t s9_172\" id=\"tg_172\" style=\"left:43px;bottom:805px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management considered whether there had been any changes to the number </div>\n<div class=\"t s9_172\" id=\"th_172\" style=\"left:43px;bottom:790px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">and\u00a0value of claims due\u00a0to current challenging economic environment and to date have not identi\ufb01ed any signi\ufb01cant changes in trends. </div>\n<div class=\"t s9_172\" id=\"ti_172\" style=\"left:43px;bottom:775px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the experience changes in the future, the value of provisions may\u00a0require adjustment. </div>\n<div class=\"t s8_172\" id=\"tj_172\" style=\"left:43px;bottom:750px;letter-spacing:-0.14px;display:inline;\">Impairment </div>\n<div class=\"t s9_172\" id=\"tk_172\" style=\"left:43px;bottom:733px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets and goodwill, a number of signi\ufb01cant assumptions have to be made when </div>\n<div class=\"t s9_172\" id=\"tl_172\" style=\"left:43px;bottom:718px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">preparing cash \ufb02ow projections. These include the future rate of market growth, discount rates, the market demand for the products </div>\n<div class=\"t s9_172\" id=\"tm_172\" style=\"left:43px;bottom:702px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">acquired, the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory </div>\n<div class=\"t s9_172\" id=\"tn_172\" style=\"left:43px;bottom:687px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">approvals. If actual results should di\ufb00er or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s9_172\" id=\"to_172\" style=\"left:43px;bottom:672px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">impact operating results. There has been a decrease in the level of headroom in relation to goodwill impairment testing for the </div>\n<div class=\"t s9_172\" id=\"tp_172\" style=\"left:43px;bottom:656px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Orthopaedics CGU which is sensitive to a reasonably possible change in assumptions. For other intangible assets and goodwill CGUs, this </div>\n<div class=\"t s9_172\" id=\"tq_172\" style=\"left:43px;bottom:641px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">critical estimate is not considered to have a signi\ufb01cant risk of material adjustment in 2023 or therea\ufb05er based on sensitivity analyses </div>\n<div class=\"t s9_172\" id=\"tr_172\" style=\"left:43px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">undertaken (as outlined below). See Notes 8 and 9 for further details on impairment reviews. </div>\n<div class=\"t s9_172\" id=\"ts_172\" style=\"left:43px;bottom:602px;letter-spacing:0.01px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management have assessed the non-current assets held by the Group at 31 December </div>\n<div class=\"t s9_172\" id=\"tt_172\" style=\"left:43px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">2022 to identify any indicators of impairment as a result of current economic environment. Where an impairment indicator has arisen, </div>\n<div class=\"t s9_172\" id=\"tu_172\" style=\"left:43px;bottom:571px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">impairment reviews have been undertaken by comparing the expected recoverable value of the asset to the carrying value of the asset. </div>\n<div class=\"t s9_172\" id=\"tv_172\" style=\"left:43px;bottom:556px;word-spacing:-0.11px;display:inline;\">The recoverable amounts are based on cash \ufb02ow projections using the Group\u2019s base case scenario in its going concern models, which was </div>\n<div class=\"t s9_172\" id=\"tw_172\" style=\"left:43px;bottom:541px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">reviewed and approved by the Board. Impairments of $39m, related to immaterial product intangible assets, were identi\ufb01ed as a result </div>\n<div class=\"t s9_172\" id=\"tx_172\" style=\"left:43px;bottom:526px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">of\u00a0the impairment reviews undertaken. </div>\n<div class=\"t sa_172\" id=\"ty_172\" style=\"left:43px;bottom:501px;letter-spacing:-0.05px;display:inline;\">1.3 </div><div class=\"t s8_172\" id=\"tz_172\" style=\"left:67px;bottom:501px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">Climate change considerations </div>\n<div class=\"t s9_172\" id=\"t10_172\" style=\"left:43px;bottom:484px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The impact of climate change has been considered as part of the assessment of estimates and judgements in preparing the </div>\n<div class=\"t s9_172\" id=\"t11_172\" style=\"left:43px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0accounts. The climate change scenario analyses undertaken this year in line with TCFD recommendations did not identify </div>\n<div class=\"t s9_172\" id=\"t12_172\" style=\"left:43px;bottom:453px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">any\u00a0material \ufb01nancial impact. The following considerations were made in respect of the \ufb01nancial statements: </div>\n<div class=\"t s9_172\" id=\"t13_172\" style=\"left:43px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t14_172\" style=\"left:56px;bottom:436px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The impact of climate change on the going concern assessment and the viability of the Group over the next three years. </div>\n<div class=\"t s9_172\" id=\"t15_172\" style=\"left:43px;bottom:418px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t16_172\" style=\"left:56px;bottom:418px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">The impact of climate change on the cash \ufb02ow forecasts used in the impairment assessments of non-current assets including goodwill. </div>\n<div class=\"t s9_172\" id=\"t17_172\" style=\"left:43px;bottom:401px;display:inline;\">\u2013 </div><div class=\"t s9_172\" id=\"t18_172\" style=\"left:56px;bottom:401px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The impact of climate change on the carrying value and useful economic lives of property, plant and equipment. </div>\n<div class=\"t sa_172\" id=\"t19_172\" style=\"left:43px;bottom:376px;letter-spacing:-0.19px;display:inline;\">1.4 </div><div class=\"t s8_172\" id=\"t1a_172\" style=\"left:66px;bottom:376px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Foreign currencies </div>\n<div class=\"t sb_172\" id=\"t1b_172\" style=\"left:43px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Functional and presentation currency </div>\n<div class=\"t s9_172\" id=\"t1c_172\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group accounts are presented in US Dollars. The Company\u2019s functional currency is US Dollars. </div>\n<div class=\"t sb_172\" id=\"t1d_172\" style=\"left:43px;bottom:316px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign currency transactions </div>\n<div class=\"t s9_172\" id=\"t1e_172\" style=\"left:43px;bottom:299px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Transactions in foreign currencies are translated to the respective functional currencies of Group companies at exchange rates at the </div>\n<div class=\"t s9_172\" id=\"t1f_172\" style=\"left:43px;bottom:283px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency </div>\n<div class=\"t s9_172\" id=\"t1g_172\" style=\"left:43px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">at\u00a0the exchange rate as at\u00a0the reporting date. Non-monetary items are not retranslated. </div>\n<div class=\"t sb_172\" id=\"t1h_172\" style=\"left:43px;bottom:244px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign operations </div>\n<div class=\"t s9_172\" id=\"t1i_172\" style=\"left:43px;bottom:226px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Balance sheet items of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into US </div>\n<div class=\"t s9_172\" id=\"t1j_172\" style=\"left:43px;bottom:211px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Dollars on consolidation at the exchange rates at the reporting date. Income statement items and the cash \ufb02ows of foreign operations </div>\n<div class=\"t s9_172\" id=\"t1k_172\" style=\"left:43px;bottom:196px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are translated at\u00a0average\u00a0rates as an approximation to actual transaction rates, with actual transaction rates used for large </div>\n<div class=\"t s9_172\" id=\"t1l_172\" style=\"left:43px;bottom:180px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">one-o\ufb00 transactions. </div>\n<div class=\"t s9_172\" id=\"t1m_172\" style=\"left:43px;bottom:156px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency di\ufb00erences are recognised in \u2018Other comprehensive income\u2019 and accumulated in \u2018Other reserves\u2019 within equity. </div>\n<div class=\"t s9_172\" id=\"t1n_172\" style=\"left:43px;bottom:141px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">These include: exchange di\ufb00erences on the translation at closing rates of exchange of non-US Dollar opening net assets; the di\ufb00erences </div>\n<div class=\"t s9_172\" id=\"t1o_172\" style=\"left:43px;bottom:126px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">arising between the translation of pro\ufb01ts into US Dollars at actual (or\u00a0average, as an approximation) and closing exchange rates; to the </div>\n<div class=\"t s9_172\" id=\"t1p_172\" style=\"left:43px;bottom:111px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">extent that the hedging relationship is e\ufb00ective, the di\ufb00erence on translation of foreign currency borrowings or swaps that are used </div>\n<div class=\"t s9_172\" id=\"t1q_172\" style=\"left:43px;bottom:95px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">to\u00a0\ufb01nance or hedge the Group\u2019s net investments in foreign operations; and the movement in the fair value of forward foreign exchange </div>\n<div class=\"t s9_172\" id=\"t1r_172\" style=\"left:43px;bottom:80px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">contracts used to hedge forecast foreign exchange cash \ufb02ows. </div>\n<div class=\"t sc_172\" id=\"t1s_172\" style=\"left:43px;bottom:11px;letter-spacing:-1.66px;display:inline;\">170 </div><div class=\"t sd_172\" id=\"t1t_172\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_172\" id=\"t1u_172\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_173\" id=\"t1_173\" style=\"left:65px;bottom:958px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">The exchange rates used for the translation of currencies into US Dollars that have the most signi\ufb01cant impact on the Group results were: </div>\n<div class=\"t s2_173\" id=\"t2_173\" style=\"left:606px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t3_173\" style=\"left:609px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t4_173\" style=\"left:611px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t5_173\" style=\"left:613px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:662px;bottom:936px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:695px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t8_173\" style=\"left:698px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t9_173\" style=\"left:700px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"ta_173\" style=\"left:748px;bottom:936px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s2_173\" id=\"tb_173\" style=\"left:782px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"tc_173\" style=\"left:784px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"td_173\" style=\"left:787px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"te_173\" style=\"left:835px;bottom:936px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_173\" id=\"tf_173\" style=\"left:69px;bottom:916px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">Average rates </div><div class=\"t s4_173\" id=\"tg_173\" style=\"left:677px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s4_173\" id=\"th_173\" style=\"left:680px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:763px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:766px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:850px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:853px;bottom:916px;display:inline;\">\u00a0</div>\n<div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:898px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"tn_173\" style=\"left:660px;bottom:898px;letter-spacing:0.05px;display:inline;\">1.23 </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:748px;bottom:898px;letter-spacing:0.07px;display:inline;\">1.38 </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:836px;bottom:898px;letter-spacing:-0.14px;display:inline;\">1.28 </div>\n<div class=\"t s1_173\" id=\"tq_173\" style=\"left:65px;bottom:879px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"tr_173\" style=\"left:660px;bottom:879px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:749px;bottom:879px;letter-spacing:-0.28px;display:inline;\">1.18 </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:836px;bottom:879px;letter-spacing:-0.39px;display:inline;\">1.14 </div>\n<div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:861px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"tv_173\" style=\"left:660px;bottom:861px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:749px;bottom:861px;letter-spacing:-0.03px;display:inline;\">1.09 </div><div class=\"t s1_173\" id=\"tx_173\" style=\"left:836px;bottom:861px;letter-spacing:-0.23px;display:inline;\">1.07 </div>\n<div class=\"t s3_173\" id=\"ty_173\" style=\"left:69px;bottom:842px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">Year end rates </div>\n<div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:824px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"t10_173\" style=\"left:660px;bottom:824px;letter-spacing:-0.08px;display:inline;\">1.21 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:749px;bottom:824px;letter-spacing:-0.01px;display:inline;\">1.35 </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:835px;bottom:824px;letter-spacing:-0.1px;display:inline;\">1.37 </div>\n<div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:805px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"t14_173\" style=\"left:660px;bottom:805px;letter-spacing:-0.04px;display:inline;\">1.07 </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:749px;bottom:805px;letter-spacing:-0.21px;display:inline;\">1.13 </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:835px;bottom:805px;letter-spacing:-0.07px;display:inline;\">1.23 </div>\n<div class=\"t s1_173\" id=\"t17_173\" style=\"left:65px;bottom:787px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"t18_173\" style=\"left:659px;bottom:787px;letter-spacing:0.09px;display:inline;\">1.08 </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:750px;bottom:787px;letter-spacing:-0.35px;display:inline;\">1.10 </div>1.14",
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    "entity": "scheme:213800ZTMDN8S67S1H61",
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  "f20779": {
   "value": "England and Wales",
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    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20781": {
   "value": "develop, manufacture, market and sell medical devices and services.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20786": {
   "value": "2022-12-31",
   "dimensions": {
    "concept": "ifrs-full:DateOfEndOfReportingPeriod2013",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20819": {
   "value": "New accounting standards e\ufb00ective 2022 <div class=\"t s5_170\" id=\"t16_170\" style=\"left:43px;bottom:258px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">A number of new amendments to standards are e\ufb00ective from 1 January 2022 but they do not have a material e\ufb00ect on the Group\u2019s </div>\n<div class=\"t s5_170\" id=\"t17_170\" style=\"left:43px;bottom:243px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">\ufb01nancial statements. </div>\n<div class=\"t s6_170\" id=\"t18_170\" style=\"left:43px;bottom:218px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Accounting standards issued but not yet e\ufb00ective </div>\n<div class=\"t s5_170\" id=\"t19_170\" style=\"left:43px;bottom:201px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">A number of new standards and amendments to standards are e\ufb00ective for annual periods beginning a\ufb05er 1 January 2022 and earlier </div>\napplication is permitted; however, the Group has not early adopted them in preparing these \ufb01nancial statements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20843": {
   "value": "1.1 <div class=\"t s2_171\" id=\"t2_171\" style=\"left:88px;bottom:958px;letter-spacing:-0.15px;display:inline;\">Consolidation </div>\n<div class=\"t s3_171\" id=\"t3_171\" style=\"left:65px;bottom:941px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group accounts include the accounts of Smith &amp; Nephew plc and its subsidiaries for the periods during which they were members </div>\n<div class=\"t s3_171\" id=\"t4_171\" style=\"left:65px;bottom:926px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">of\u00a0the Group. </div>\n<div class=\"t s3_171\" id=\"t5_171\" style=\"left:65px;bottom:902px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns </div>\n<div class=\"t s3_171\" id=\"t6_171\" style=\"left:65px;bottom:886px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">from\u00a0its involvement with the entity and has the ability to a\ufb00ect those returns through its power over the entity. Subsidiaries are </div>\n<div class=\"t s3_171\" id=\"t7_171\" style=\"left:65px;bottom:871px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">consolidated in the Group accounts from the date that the Group obtains control and continue to be consolidated until the date </div>\n<div class=\"t s3_171\" id=\"t8_171\" style=\"left:65px;bottom:856px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">that such control ceases. Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group </div>\n<div class=\"t s3_171\" id=\"t9_171\" style=\"left:65px;bottom:841px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">transactions, are eliminated on consolidation. All\u00a0subsidiaries have year ends which are coterminous with the Group\u2019s, with the </div>\n<div class=\"t s3_171\" id=\"ta_171\" style=\"left:65px;bottom:825px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">exception\u00a0of jurisdictions whereby a di\ufb00erent year end is required by local legislation. </div>\n<div class=\"t s3_171\" id=\"tb_171\" style=\"left:65px;bottom:801px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary and any related components </div>\nof\u00a0equity. Any resulting gain or loss is recognised in pro\ufb01t or loss. Any retained interest in the former subsidiary is measured at fair value.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20858": {
   "value": "1.2 <div class=\"t s2_171\" id=\"te_171\" style=\"left:88px;bottom:761px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Critical judgements and estimates </div>\n<div class=\"t s3_171\" id=\"tf_171\" style=\"left:65px;bottom:744px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group prepares its consolidated \ufb01nancial statements in accordance with IFRS as issued by the IASB and IFRS adopted in the </div>\n<div class=\"t s3_171\" id=\"tg_171\" style=\"left:65px;bottom:729px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">UK, the application of which o\ufb05en requires judgements and estimates to\u00a0be made by management when formulating the Group\u2019s </div>\n<div class=\"t s3_171\" id=\"th_171\" style=\"left:65px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">\ufb01nancial position and results. Under IFRS, the Directors are required to adopt those accounting policies most appropriate to the </div>\n<div class=\"t s3_171\" id=\"ti_171\" style=\"left:65px;bottom:698px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u2019s\u00a0circumstances for the purpose of presenting fairly the Group\u2019s \ufb01nancial position, \ufb01nancial performance and cash \ufb02ows. </div>\n<div class=\"t s3_171\" id=\"tj_171\" style=\"left:65px;bottom:674px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group\u2019s accounting policies do not include any critical judgements. The Group\u2019s accounting policies are set out in Notes 1\u201323 </div>\n<div class=\"t s3_171\" id=\"tk_171\" style=\"left:65px;bottom:659px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">of\u00a0the\u00a0Notes to the Group accounts. Of those, the policies which require the most use of management\u2019s estimation are outlined below. </div>\n<div class=\"t s3_171\" id=\"tl_171\" style=\"left:65px;bottom:644px;letter-spacing:0.05px;word-spacing:-0.08px;display:inline;\">The critical estimates are consistent with 31 December 2021. Management have considered the impact of the uncertainties around </div>\n<div class=\"t s3_171\" id=\"tm_171\" style=\"left:65px;bottom:629px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">the\u00a0current challenging economic environment below. </div>\n<div class=\"t s2_171\" id=\"tn_171\" style=\"left:65px;bottom:604px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Valuation of inventories </div>\n<div class=\"t s3_171\" id=\"to_171\" style=\"left:65px;bottom:587px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">A feature of the Orthopaedics franchise (which accounts for approximately 60% of the Group\u2019s total inventory and approximately </div>\n<div class=\"t s3_171\" id=\"tp_171\" style=\"left:65px;bottom:571px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">80% of the total provision for excess and obsolete inventory) is the high level of\u00a0product inventory required, some of which is located </div>\n<div class=\"t s3_171\" id=\"tq_171\" style=\"left:65px;bottom:556px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">at customer premises and is available for customers\u2019 immediate use. Complete sets of products, including large and small sizes, have </div>\n<div class=\"t s3_171\" id=\"tr_171\" style=\"left:65px;bottom:541px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">to be made available in this way. These sizes are used less frequently than standard sizes and towards the end of the product life cycle </div>\n<div class=\"t s3_171\" id=\"ts_171\" style=\"left:65px;bottom:525px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be made to orthopaedic inventory to </div>\n<div class=\"t s3_171\" id=\"tt_171\" style=\"left:65px;bottom:510px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">anticipate this situation. These adjustments are calculated in accordance with a formula based on levels of inventory compared with </div>\n<div class=\"t s3_171\" id=\"tu_171\" style=\"left:65px;bottom:495px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">historical usage. This formula is applied on an individual product line basis and typically is \ufb01rst applied when a product group has been </div>\n<div class=\"t s3_171\" id=\"tv_171\" style=\"left:65px;bottom:480px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">on the market for two years. This method of calculation is considered appropriate based on experience, but it does require management </div>\n<div class=\"t s3_171\" id=\"tw_171\" style=\"left:65px;bottom:464px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">estimate in respect of customer demand, e\ufb00ectiveness of inventory deployment, length of product lives and phase-out of old products. </div>\n<div class=\"t s3_171\" id=\"tx_171\" style=\"left:65px;bottom:449px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">See Note 12 for further details. </div>\n<div class=\"t s3_171\" id=\"ty_171\" style=\"left:65px;bottom:425px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Current economic environment impact assessment: In assessing the increase in provision for excess and obsolete inventory, </div>\n<div class=\"t s3_171\" id=\"tz_171\" style=\"left:65px;bottom:410px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">management have considered the impact of higher input cost in\ufb02ation on increased inventory levels. Management have not changed </div>\n<div class=\"t s3_171\" id=\"t10_171\" style=\"left:65px;bottom:395px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">their\u00a0accounting policy since 31 December 2021, nor is a change in the key assumptions underlying the methodology expected in </div>\n<div class=\"t s3_171\" id=\"t11_171\" style=\"left:65px;bottom:379px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">the next 12 months. Primarily due to inventory growth, the provision has increased from $430m at 31 December 2021 to $504m </div>\n<div class=\"t s3_171\" id=\"t12_171\" style=\"left:65px;bottom:364px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">at 31 December 2022. The provision for excess and obsolete inventory is not considered to have a range of potential outcomes that </div>\n<div class=\"t s3_171\" id=\"t13_171\" style=\"left:65px;bottom:349px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">is signi\ufb01cantly di\ufb00erent to the $504m at 31 December 2022 in the next 12 months. The provision has a high degree of estimation </div>\n<div class=\"t s3_171\" id=\"t14_171\" style=\"left:65px;bottom:333px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">uncertainty given the range of products and sizes, with a potential range of reasonable outcomes that could be material over the </div>\n<div class=\"t s3_171\" id=\"t15_171\" style=\"left:65px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">longer term. </div>\n<div class=\"t s4_171\" id=\"t16_171\" style=\"left:830px;bottom:11px;letter-spacing:-1.24px;display:inline;\">169 </div><div class=\"t s5_171\" id=\"t17_171\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s6_171\" id=\"t18_171\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s7_171\" id=\"t19_171\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s7_171\" id=\"t1a_171\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s8_171\" id=\"t1b_171\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s7_171\" id=\"t1c_171\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_172\" id=\"t1_172\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_172\" id=\"t2_172\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_172\" id=\"t3_172\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_172\" id=\"t4_172\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_172\" id=\"t5_172\" style=\"left:43px;bottom:956px;display:inline;\">1 </div><div class=\"t s6_172\" id=\"t6_172\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">Basis of preparation </div><div class=\"t s7_172\" id=\"t7_172\" style=\"left:196px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_172\" id=\"t8_172\" style=\"left:43px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liability provisioning </div>\n<div class=\"t s9_172\" id=\"t9_172\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The recognition of provisions for legal disputes related to metal-on-metal cases is subject to a signi\ufb01cant degree of estimation. </div>\n<div class=\"t s9_172\" id=\"ta_172\" style=\"left:43px;bottom:906px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Provision is made for loss contingencies when it is considered probable that an adverse outcome will occur and the amount of </div>\n<div class=\"t s9_172\" id=\"tb_172\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0loss\u00a0can be reasonably estimated. In making its estimates, management takes into account the advice of internal and external </div>\n<div class=\"t s9_172\" id=\"tc_172\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">legal\u00a0counsel. Provisions are reviewed regularly and amounts updated where necessary to re\ufb02ect developments in the disputes. </div>\n<div class=\"t s9_172\" id=\"td_172\" style=\"left:43px;bottom:860px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The value of provisions may require future adjustment if experience such as number, nature or value of claims or settlements changes. </div>\n<div class=\"t s9_172\" id=\"te_172\" style=\"left:43px;bottom:845px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Such a change may be material in 2023 or therea\ufb05er. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s9_172\" id=\"tf_172\" style=\"left:43px;bottom:829px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings and settlement negotiations or if investigations bring to light new facts. See Note 17 for further details. </div>\n<div class=\"t s9_172\" id=\"tg_172\" style=\"left:43px;bottom:805px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management considered whether there had been any changes to the number </div>\n<div class=\"t s9_172\" id=\"th_172\" style=\"left:43px;bottom:790px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">and\u00a0value of claims due\u00a0to current challenging economic environment and to date have not identi\ufb01ed any signi\ufb01cant changes in trends. </div>\n<div class=\"t s9_172\" id=\"ti_172\" style=\"left:43px;bottom:775px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the experience changes in the future, the value of provisions may\u00a0require adjustment. </div>\n<div class=\"t s8_172\" id=\"tj_172\" style=\"left:43px;bottom:750px;letter-spacing:-0.14px;display:inline;\">Impairment </div>\n<div class=\"t s9_172\" id=\"tk_172\" style=\"left:43px;bottom:733px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets and goodwill, a number of signi\ufb01cant assumptions have to be made when </div>\n<div class=\"t s9_172\" id=\"tl_172\" style=\"left:43px;bottom:718px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">preparing cash \ufb02ow projections. These include the future rate of market growth, discount rates, the market demand for the products </div>\n<div class=\"t s9_172\" id=\"tm_172\" style=\"left:43px;bottom:702px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">acquired, the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory </div>\n<div class=\"t s9_172\" id=\"tn_172\" style=\"left:43px;bottom:687px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">approvals. If actual results should di\ufb00er or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s9_172\" id=\"to_172\" style=\"left:43px;bottom:672px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">impact operating results. There has been a decrease in the level of headroom in relation to goodwill impairment testing for the </div>\n<div class=\"t s9_172\" id=\"tp_172\" style=\"left:43px;bottom:656px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Orthopaedics CGU which is sensitive to a reasonably possible change in assumptions. For other intangible assets and goodwill CGUs, this </div>\n<div class=\"t s9_172\" id=\"tq_172\" style=\"left:43px;bottom:641px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">critical estimate is not considered to have a signi\ufb01cant risk of material adjustment in 2023 or therea\ufb05er based on sensitivity analyses </div>\n<div class=\"t s9_172\" id=\"tr_172\" style=\"left:43px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">undertaken (as outlined below). See Notes 8 and 9 for further details on impairment reviews. </div>\n<div class=\"t s9_172\" id=\"ts_172\" style=\"left:43px;bottom:602px;letter-spacing:0.01px;word-spacing:-0.1px;display:inline;\">Current economic environment impact assessment: Management have assessed the non-current assets held by the Group at 31 December </div>\n<div class=\"t s9_172\" id=\"tt_172\" style=\"left:43px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">2022 to identify any indicators of impairment as a result of current economic environment. Where an impairment indicator has arisen, </div>\n<div class=\"t s9_172\" id=\"tu_172\" style=\"left:43px;bottom:571px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">impairment reviews have been undertaken by comparing the expected recoverable value of the asset to the carrying value of the asset. </div>\n<div class=\"t s9_172\" id=\"tv_172\" style=\"left:43px;bottom:556px;word-spacing:-0.11px;display:inline;\">The recoverable amounts are based on cash \ufb02ow projections using the Group\u2019s base case scenario in its going concern models, which was </div>\n<div class=\"t s9_172\" id=\"tw_172\" style=\"left:43px;bottom:541px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">reviewed and approved by the Board. Impairments of $39m, related to immaterial product intangible assets, were identi\ufb01ed as a result </div>\nof\u00a0the impairment reviews undertaken.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20954": {
   "value": "1.4 <div class=\"t s8_172\" id=\"t1a_172\" style=\"left:66px;bottom:376px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Foreign currencies </div>\n<div class=\"t sb_172\" id=\"t1b_172\" style=\"left:43px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Functional and presentation currency </div>\n<div class=\"t s9_172\" id=\"t1c_172\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group accounts are presented in US Dollars. The Company\u2019s functional currency is US Dollars. </div>\n<div class=\"t sb_172\" id=\"t1d_172\" style=\"left:43px;bottom:316px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign currency transactions </div>\n<div class=\"t s9_172\" id=\"t1e_172\" style=\"left:43px;bottom:299px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Transactions in foreign currencies are translated to the respective functional currencies of Group companies at exchange rates at the </div>\n<div class=\"t s9_172\" id=\"t1f_172\" style=\"left:43px;bottom:283px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency </div>\n<div class=\"t s9_172\" id=\"t1g_172\" style=\"left:43px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">at\u00a0the exchange rate as at\u00a0the reporting date. Non-monetary items are not retranslated. </div>\n<div class=\"t sb_172\" id=\"t1h_172\" style=\"left:43px;bottom:244px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Foreign operations </div>\n<div class=\"t s9_172\" id=\"t1i_172\" style=\"left:43px;bottom:226px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Balance sheet items of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into US </div>\n<div class=\"t s9_172\" id=\"t1j_172\" style=\"left:43px;bottom:211px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Dollars on consolidation at the exchange rates at the reporting date. Income statement items and the cash \ufb02ows of foreign operations </div>\n<div class=\"t s9_172\" id=\"t1k_172\" style=\"left:43px;bottom:196px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are translated at\u00a0average\u00a0rates as an approximation to actual transaction rates, with actual transaction rates used for large </div>\n<div class=\"t s9_172\" id=\"t1l_172\" style=\"left:43px;bottom:180px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">one-o\ufb00 transactions. </div>\n<div class=\"t s9_172\" id=\"t1m_172\" style=\"left:43px;bottom:156px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency di\ufb00erences are recognised in \u2018Other comprehensive income\u2019 and accumulated in \u2018Other reserves\u2019 within equity. </div>\n<div class=\"t s9_172\" id=\"t1n_172\" style=\"left:43px;bottom:141px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">These include: exchange di\ufb00erences on the translation at closing rates of exchange of non-US Dollar opening net assets; the di\ufb00erences </div>\n<div class=\"t s9_172\" id=\"t1o_172\" style=\"left:43px;bottom:126px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">arising between the translation of pro\ufb01ts into US Dollars at actual (or\u00a0average, as an approximation) and closing exchange rates; to the </div>\n<div class=\"t s9_172\" id=\"t1p_172\" style=\"left:43px;bottom:111px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">extent that the hedging relationship is e\ufb00ective, the di\ufb00erence on translation of foreign currency borrowings or swaps that are used </div>\n<div class=\"t s9_172\" id=\"t1q_172\" style=\"left:43px;bottom:95px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">to\u00a0\ufb01nance or hedge the Group\u2019s net investments in foreign operations; and the movement in the fair value of forward foreign exchange </div>\n<div class=\"t s9_172\" id=\"t1r_172\" style=\"left:43px;bottom:80px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">contracts used to hedge forecast foreign exchange cash \ufb02ows. </div>\n<div class=\"t sc_172\" id=\"t1s_172\" style=\"left:43px;bottom:11px;letter-spacing:-1.66px;display:inline;\">170 </div><div class=\"t sd_172\" id=\"t1t_172\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_172\" id=\"t1u_172\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_173\" id=\"t1_173\" style=\"left:65px;bottom:958px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">The exchange rates used for the translation of currencies into US Dollars that have the most signi\ufb01cant impact on the Group results were: </div>\n<div class=\"t s2_173\" id=\"t2_173\" style=\"left:606px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t3_173\" style=\"left:609px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t4_173\" style=\"left:611px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t5_173\" style=\"left:613px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t6_173\" style=\"left:662px;bottom:936px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_173\" id=\"t7_173\" style=\"left:695px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t8_173\" style=\"left:698px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"t9_173\" style=\"left:700px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"ta_173\" style=\"left:748px;bottom:936px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s2_173\" id=\"tb_173\" style=\"left:782px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"tc_173\" style=\"left:784px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"td_173\" style=\"left:787px;bottom:936px;display:inline;\">\u00a0</div><div class=\"t s2_173\" id=\"te_173\" style=\"left:835px;bottom:936px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_173\" id=\"tf_173\" style=\"left:69px;bottom:916px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">Average rates </div><div class=\"t s4_173\" id=\"tg_173\" style=\"left:677px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s4_173\" id=\"th_173\" style=\"left:680px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"ti_173\" style=\"left:763px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tj_173\" style=\"left:766px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tk_173\" style=\"left:850px;bottom:916px;display:inline;\">\u00a0</div><div class=\"t s1_173\" id=\"tl_173\" style=\"left:853px;bottom:916px;display:inline;\">\u00a0</div>\n<div class=\"t s1_173\" id=\"tm_173\" style=\"left:65px;bottom:898px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"tn_173\" style=\"left:660px;bottom:898px;letter-spacing:0.05px;display:inline;\">1.23 </div><div class=\"t s1_173\" id=\"to_173\" style=\"left:748px;bottom:898px;letter-spacing:0.07px;display:inline;\">1.38 </div><div class=\"t s1_173\" id=\"tp_173\" style=\"left:836px;bottom:898px;letter-spacing:-0.14px;display:inline;\">1.28 </div>\n<div class=\"t s1_173\" id=\"tq_173\" style=\"left:65px;bottom:879px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"tr_173\" style=\"left:660px;bottom:879px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"ts_173\" style=\"left:749px;bottom:879px;letter-spacing:-0.28px;display:inline;\">1.18 </div><div class=\"t s1_173\" id=\"tt_173\" style=\"left:836px;bottom:879px;letter-spacing:-0.39px;display:inline;\">1.14 </div>\n<div class=\"t s1_173\" id=\"tu_173\" style=\"left:65px;bottom:861px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"tv_173\" style=\"left:660px;bottom:861px;letter-spacing:0.05px;display:inline;\">1.05 </div><div class=\"t s1_173\" id=\"tw_173\" style=\"left:749px;bottom:861px;letter-spacing:-0.03px;display:inline;\">1.09 </div><div class=\"t s1_173\" id=\"tx_173\" style=\"left:836px;bottom:861px;letter-spacing:-0.23px;display:inline;\">1.07 </div>\n<div class=\"t s3_173\" id=\"ty_173\" style=\"left:69px;bottom:842px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">Year end rates </div>\n<div class=\"t s1_173\" id=\"tz_173\" style=\"left:65px;bottom:824px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s4_173\" id=\"t10_173\" style=\"left:660px;bottom:824px;letter-spacing:-0.08px;display:inline;\">1.21 </div><div class=\"t s1_173\" id=\"t11_173\" style=\"left:749px;bottom:824px;letter-spacing:-0.01px;display:inline;\">1.35 </div><div class=\"t s1_173\" id=\"t12_173\" style=\"left:835px;bottom:824px;letter-spacing:-0.1px;display:inline;\">1.37 </div>\n<div class=\"t s1_173\" id=\"t13_173\" style=\"left:65px;bottom:805px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s4_173\" id=\"t14_173\" style=\"left:660px;bottom:805px;letter-spacing:-0.04px;display:inline;\">1.07 </div><div class=\"t s1_173\" id=\"t15_173\" style=\"left:749px;bottom:805px;letter-spacing:-0.21px;display:inline;\">1.13 </div><div class=\"t s1_173\" id=\"t16_173\" style=\"left:835px;bottom:805px;letter-spacing:-0.07px;display:inline;\">1.23 </div>\n<div class=\"t s1_173\" id=\"t17_173\" style=\"left:65px;bottom:787px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Swiss Franc </div><div class=\"t s4_173\" id=\"t18_173\" style=\"left:659px;bottom:787px;letter-spacing:0.09px;display:inline;\">1.08 </div><div class=\"t s1_173\" id=\"t19_173\" style=\"left:750px;bottom:787px;letter-spacing:-0.35px;display:inline;\">1.10 </div>1.14",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20958": {
   "value": "Functional and presentation currency The Group accounts are presented in US Dollars. The Company\u2019s functional currency is US Dollars.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f20962": {
   "value": "Foreign currency transactions <div class=\"t s9_172\" id=\"t1e_172\" style=\"left:43px;bottom:299px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Transactions in foreign currencies are translated to the respective functional currencies of Group companies at exchange rates at the </div>\n<div class=\"t s9_172\" id=\"t1f_172\" style=\"left:43px;bottom:283px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency </div>\nat\u00a0the exchange rate as at\u00a0the reporting date. Non-monetary items are not retranslated.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21044": {
   "value": "2 <div class=\"t s6_173\" id=\"t1c_173\" style=\"left:78px;bottom:755px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">Business segment information </div>\n<div class=\"t s1_173\" id=\"t1d_173\" style=\"left:65px;bottom:739px;word-spacing:-0.11px;display:inline;\">The Group\u2019s operating structure is organised around three global franchises and the chief operating decision maker monitors performance, </div>\n<div class=\"t s1_173\" id=\"t1e_173\" style=\"left:65px;bottom:723px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">makes operating decisions and allocates resources on a global franchise basis. Accordingly, the Group has concluded that there are </div>\n<div class=\"t s1_173\" id=\"t1f_173\" style=\"left:65px;bottom:708px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">three\u00a0reportable segments. </div>\n<div class=\"t s1_173\" id=\"t1g_173\" style=\"left:65px;bottom:684px;word-spacing:-0.11px;display:inline;\">Franchise presidents have responsibility for upstream marketing, driving product portfolio and technology acquisition decisions, and full </div>\n<div class=\"t s1_173\" id=\"t1h_173\" style=\"left:65px;bottom:669px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">commercial responsibility for their franchises in the US. Regional presidents in EMEA and APAC are responsible for the implementation </div>\n<div class=\"t s1_173\" id=\"t1i_173\" style=\"left:65px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">of\u00a0the global franchise strategy in their respective regions. </div>\n<div class=\"t s1_173\" id=\"t1j_173\" style=\"left:65px;bottom:630px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Executive Committee (\u2018ExCo\u2019) comprises the Chief Financial O\ufb03cer (\u2018CFO\u2019), the franchise presidents, the regional presidents </div>\n<div class=\"t s1_173\" id=\"t1k_173\" style=\"left:65px;bottom:614px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and certain heads of function, and is chaired by the Chief Executive O\ufb03cer (\u2018CEO\u2019). ExCo is the body through which the CEO uses the </div>\n<div class=\"t s1_173\" id=\"t1l_173\" style=\"left:65px;bottom:599px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">authority delegated to him by the Board of Directors to manage the operations and performance of the Group. All signi\ufb01cant operating </div>\n<div class=\"t s1_173\" id=\"t1m_173\" style=\"left:65px;bottom:584px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">decisions regarding the allocation and prioritisation of the Group\u2019s resources and assessment of the Group\u2019s performance are made </div>\n<div class=\"t s1_173\" id=\"t1n_173\" style=\"left:65px;bottom:568px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by\u00a0ExCo, and while the members have individual responsibility for the implementation of decisions within their respective areas, </div>\n<div class=\"t s1_173\" id=\"t1o_173\" style=\"left:65px;bottom:553px;letter-spacing:0.02px;word-spacing:-0.06px;display:inline;\">it\u00a0is\u00a0at\u00a0the ExCo level that these decisions are made. Accordingly, ExCo is considered to be the Group\u2019s chief operating decision maker </div>\n<div class=\"t s1_173\" id=\"t1p_173\" style=\"left:65px;bottom:538px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as\u00a0de\ufb01ned by\u00a0IFRS 8 </div><div class=\"t s7_173\" id=\"t1q_173\" style=\"left:185px;bottom:538px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Operating Segments</div><div class=\"t s1_173\" id=\"t1r_173\" style=\"left:301px;bottom:538px;display:inline;\">. </div>\n<div class=\"t s1_173\" id=\"t1s_173\" style=\"left:65px;bottom:514px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">In making decisions about the prioritisation and allocation of the Group\u2019s resources, ExCo reviews \ufb01nancial information for the three </div>\n<div class=\"t s1_173\" id=\"t1t_173\" style=\"left:65px;bottom:499px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">franchises (Orthopaedics, Sports Medicine &amp; ENT and Advanced Wound Management) and determines the best allocation of resources </div>\n<div class=\"t s1_173\" id=\"t1u_173\" style=\"left:65px;bottom:483px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to the franchises. This information is prepared substantially on the same basis as the Group\u2019s IFRS \ufb01nancial statements aside from </div>\n<div class=\"t s1_173\" id=\"t1v_173\" style=\"left:65px;bottom:468px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the adjustments described in Note 2.2. Financial information for corporate costs is presented on a Group-wide basis. The ExCo </div>\n<div class=\"t s1_173\" id=\"t1w_173\" style=\"left:65px;bottom:453px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">is\u00a0not\u00a0provided with total assets and liabilities by segment, and therefore these measures are not included in the disclosures below. </div>\n<div class=\"t s1_173\" id=\"t1x_173\" style=\"left:65px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The results of\u00a0the segments are shown below. </div>\n<div class=\"t s8_173\" id=\"t1y_173\" style=\"left:831px;bottom:11px;letter-spacing:-1.66px;display:inline;\">171 </div><div class=\"t s9_173\" id=\"t1z_173\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_173\" id=\"t20_173\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_173\" id=\"t21_173\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_173\" id=\"t22_173\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_173\" id=\"t23_173\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_173\" id=\"t24_173\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_174\" id=\"t1_174\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_174\" id=\"t2_174\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_174\" id=\"t3_174\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_174\" id=\"t4_174\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_174\" id=\"t5_174\" style=\"left:43px;bottom:956px;display:inline;\">2 </div><div class=\"t s6_174\" id=\"t6_174\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Business segment information </div><div class=\"t s7_174\" id=\"t7_174\" style=\"left:266px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_174\" id=\"t8_174\" style=\"left:43px;bottom:938px;letter-spacing:-0.31px;display:inline;\">2.1 </div><div class=\"t s9_174\" id=\"t9_174\" style=\"left:66px;bottom:938px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Revenue by business segment and geography </div>\n<div class=\"t sa_174\" id=\"ta_174\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sb_174\" id=\"tb_174\" style=\"left:53px;bottom:893px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Revenue is recognised as the performance obligations to deliver products or services are satis\ufb01ed and is recorded based on the </div>\n<div class=\"t sb_174\" id=\"tc_174\" style=\"left:53px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount of consideration expected to be received in exchange for satisfying the performance obligations. Revenue is recognised </div>\n<div class=\"t sb_174\" id=\"td_174\" style=\"left:53px;bottom:863px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">primarily when control is transferred to the customer, which is generally when the goods are shipped or delivered in accordance </div>\n<div class=\"t sb_174\" id=\"te_174\" style=\"left:53px;bottom:848px;letter-spacing:0.07px;word-spacing:-0.12px;display:inline;\">with\u00a0the contract terms, with some transfer of services taking place over time. Substantially all performance obligations are ful\ufb01lled </div>\n<div class=\"t sb_174\" id=\"tf_174\" style=\"left:53px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">within one year. There is no signi\ufb01cant revenue associated with the provision of services. Payment terms to our customers are based </div>\n<div class=\"t sb_174\" id=\"tg_174\" style=\"left:53px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">on commercially reasonable terms for the respective markets while also considering a customer\u2019s credit rating. Appropriate provisions </div>\n<div class=\"t sb_174\" id=\"th_174\" style=\"left:53px;bottom:802px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">for returns, trade discounts and rebates are deducted from revenue. Rebates primarily comprise chargebacks and other discounts </div>\n<div class=\"t sb_174\" id=\"ti_174\" style=\"left:53px;bottom:786px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">granted to certain customers. Chargebacks are discounts that occur when a third-party purchases product from a wholesaler at </div>\n<div class=\"t sb_174\" id=\"tj_174\" style=\"left:53px;bottom:771px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">its agreed price plus a mark-up. The wholesaler in turn charges the Group for the di\ufb00erence between the price initially paid by the </div>\n<div class=\"t sb_174\" id=\"tk_174\" style=\"left:53px;bottom:756px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">wholesaler and the agreed price. The provision for chargebacks is based on expected sell-through levels by the Group\u2019s wholesalers </div>\n<div class=\"t sb_174\" id=\"tl_174\" style=\"left:53px;bottom:741px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">to\u00a0such customers, as well as estimated wholesaler inventory levels. </div>\n<div class=\"t sc_174\" id=\"tm_174\" style=\"left:53px;bottom:716px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT (Ear, Nose &amp; Throat) </div>\n<div class=\"t sb_174\" id=\"tn_174\" style=\"left:53px;bottom:699px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT consists of the following businesses: Knee Implants, Hip Implants, Other Reconstruction, </div>\n<div class=\"t sb_174\" id=\"to_174\" style=\"left:53px;bottom:683px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies and ENT. Sales of inventory located </div>\n<div class=\"t sb_174\" id=\"tp_174\" style=\"left:53px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">at\u00a0customer premises and available for customers\u2019 immediate use are recognised when noti\ufb01cation is received that the product </div>\n<div class=\"t sb_174\" id=\"tq_174\" style=\"left:53px;bottom:653px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">has been implanted or used. Substantially all other revenue is recognised when control is transferred to the customer, which is </div>\n<div class=\"t sb_174\" id=\"tr_174\" style=\"left:53px;bottom:637px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">generally when the goods are\u00a0shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount </div>\n<div class=\"t sb_174\" id=\"ts_174\" style=\"left:53px;bottom:622px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0consideration expected to\u00a0be received in\u00a0exchange for\u00a0transferring the products or services. </div>\n<div class=\"t sb_174\" id=\"tt_174\" style=\"left:53px;bottom:598px;word-spacing:-0.11px;display:inline;\">In general our business in Established Markets is direct to hospitals and ambulatory surgery centers whereas in the Emerging Markets </div>\n<div class=\"t sb_174\" id=\"tu_174\" style=\"left:53px;bottom:583px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">we\u00a0generally sell through distributors. </div>\n<div class=\"t sc_174\" id=\"tv_174\" style=\"left:53px;bottom:558px;letter-spacing:0.12px;word-spacing:-0.05px;display:inline;\">Advanced Wound Management </div>\n<div class=\"t sb_174\" id=\"tw_174\" style=\"left:53px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Advanced Wound Management consists of the following businesses: Advanced Wound Care, Advanced Wound Bioactives and </div>\n<div class=\"t sb_174\" id=\"tx_174\" style=\"left:53px;bottom:526px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Advanced Wound Devices. Substantially all revenue is recognised when control is transferred to the customer, which is generally </div>\n<div class=\"t sb_174\" id=\"ty_174\" style=\"left:53px;bottom:510px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">when the goods are shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount of </div>\n<div class=\"t sb_174\" id=\"tz_174\" style=\"left:53px;bottom:495px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration expected to be received in exchange for transferring the products or services. Appropriate provisions for returns, </div>\n<div class=\"t sb_174\" id=\"t10_174\" style=\"left:53px;bottom:480px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">trade\u00a0discounts and rebates are deducted from revenue, as explained above. </div>\n<div class=\"t sb_174\" id=\"t11_174\" style=\"left:53px;bottom:456px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">The majority of our Advanced Wound Management business, and in particular products used in community and homecare facilities, </div>\n<div class=\"t sb_174\" id=\"t12_174\" style=\"left:53px;bottom:441px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">is\u00a0through wholesalers and distributors. When control is transferred to a wholesaler or distributor, revenue is recognised accordingly. </div>\n<div class=\"t sb_174\" id=\"t13_174\" style=\"left:53px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The proportion of sales direct to hospitals is higher in our Advanced Wound Devices business in Established Markets. </div> \n<div class=\"t sd_174\" id=\"t14_174\" style=\"left:43px;bottom:388px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Segment revenue reconciles to statutory revenues from continuing operations as follows: </div>\n<div class=\"t se_174\" id=\"t15_174\" style=\"left:640px;bottom:366px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t se_174\" id=\"t16_174\" style=\"left:727px;bottom:366px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t se_174\" id=\"t17_174\" style=\"left:813px;bottom:366px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t se_174\" id=\"t18_174\" style=\"left:585px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t19_174\" style=\"left:587px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1a_174\" style=\"left:589px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1b_174\" style=\"left:592px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1c_174\" style=\"left:625px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1d_174\" style=\"left:671px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1e_174\" style=\"left:674px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1f_174\" style=\"left:676px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1g_174\" style=\"left:678px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1h_174\" style=\"left:711px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1i_174\" style=\"left:758px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1j_174\" style=\"left:760px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1k_174\" style=\"left:763px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1l_174\" style=\"left:765px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1m_174\" style=\"left:798px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sf_174\" id=\"t1n_174\" style=\"left:48px;bottom:334px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Reportable segment revenue </div><div class=\"t sg_174\" id=\"t1o_174\" style=\"left:655px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sg_174\" id=\"t1p_174\" style=\"left:658px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1q_174\" style=\"left:742px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1r_174\" style=\"left:745px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1s_174\" style=\"left:828px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1t_174\" style=\"left:831px;bottom:334px;display:inline;\">\u00a0</div>\n<div class=\"t sd_174\" id=\"t1u_174\" style=\"left:43px;bottom:315px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t sg_174\" id=\"t1v_174\" style=\"left:630px;bottom:315px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t sd_174\" id=\"t1w_174\" style=\"left:720px;bottom:315px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t sd_174\" id=\"t1x_174\" style=\"left:808px;bottom:315px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t sd_174\" id=\"t1y_174\" style=\"left:43px;bottom:297px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t sg_174\" id=\"t1z_174\" style=\"left:629px;bottom:297px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t sd_174\" id=\"t20_174\" style=\"left:719px;bottom:297px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t sd_174\" id=\"t21_174\" style=\"left:806px;bottom:297px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t sd_174\" id=\"t22_174\" style=\"left:43px;bottom:279px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t sg_174\" id=\"t23_174\" style=\"left:630px;bottom:279px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t sd_174\" id=\"t24_174\" style=\"left:720px;bottom:279px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t sd_174\" id=\"t25_174\" style=\"left:807px;bottom:279px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t sd_174\" id=\"t26_174\" style=\"left:43px;bottom:260px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Revenue from external customers </div><div class=\"t sg_174\" id=\"t27_174\" style=\"left:630px;bottom:260px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t sd_174\" id=\"t28_174\" style=\"left:720px;bottom:260px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t sd_174\" id=\"t29_174\" style=\"left:806px;bottom:260px;display:inline;\">4,560 </div>\n<div class=\"t sh_174\" id=\"t2a_174\" style=\"left:43px;bottom:11px;letter-spacing:-1.4px;display:inline;\">172 </div><div class=\"t si_174\" id=\"t2b_174\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_174\" id=\"t2c_174\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_175\" id=\"t1_175\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Disaggregation of revenue: </div>\n<div class=\"t s2_175\" id=\"t2_175\" style=\"left:65px;bottom:941px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by product franchise: </div>\n<div class=\"t s3_175\" id=\"t3_175\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t4_175\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t5_175\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t6_175\" style=\"left:606px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t7_175\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t8_175\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t9_175\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ta_175\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tb_175\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tc_175\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"td_175\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"te_175\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tf_175\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tg_175\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"th_175\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ti_175\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tj_175\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tk_175\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tl_175\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s4_175\" id=\"tm_175\" style=\"left:69px;bottom:886px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Revenue by product from continuing operations </div><div class=\"t s5_175\" id=\"tn_175\" style=\"left:677px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_175\" id=\"to_175\" style=\"left:680px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tp_175\" style=\"left:763px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tq_175\" style=\"left:766px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tr_175\" style=\"left:850px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"ts_175\" style=\"left:853px;bottom:886px;display:inline;\">\u00a0</div>\n<div class=\"t s2_175\" id=\"tt_175\" style=\"left:65px;bottom:868px;letter-spacing:0.21px;word-spacing:-0.16px;display:inline;\">Knee Implants </div><div class=\"t s5_175\" id=\"tu_175\" style=\"left:663px;bottom:868px;letter-spacing:-0.15px;display:inline;\">899 </div><div class=\"t s2_175\" id=\"tv_175\" style=\"left:752px;bottom:868px;letter-spacing:-0.56px;display:inline;\">876 </div><div class=\"t s2_175\" id=\"tw_175\" style=\"left:839px;bottom:868px;letter-spacing:-0.42px;display:inline;\">822 </div>\n<div class=\"t s2_175\" id=\"tx_175\" style=\"left:65px;bottom:850px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Hip Implants </div><div class=\"t s5_175\" id=\"ty_175\" style=\"left:663px;bottom:850px;letter-spacing:-0.06px;display:inline;\">584 </div><div class=\"t s2_175\" id=\"tz_175\" style=\"left:752px;bottom:850px;letter-spacing:-0.53px;display:inline;\">612 </div><div class=\"t s2_175\" id=\"t10_175\" style=\"left:838px;bottom:850px;letter-spacing:-0.28px;display:inline;\">567 </div>\n<div class=\"t s2_175\" id=\"t11_175\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Other Reconstruction </div><div class=\"t s5_175\" id=\"t12_175\" style=\"left:672px;bottom:831px;letter-spacing:-0.35px;display:inline;\">87 </div><div class=\"t s2_175\" id=\"t13_175\" style=\"left:760px;bottom:831px;letter-spacing:-0.64px;display:inline;\">92 </div><div class=\"t s2_175\" id=\"t14_175\" style=\"left:846px;bottom:831px;letter-spacing:0.03px;display:inline;\">68 </div>\n<div class=\"t s2_175\" id=\"t15_175\" style=\"left:65px;bottom:813px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities </div><div class=\"t s5_175\" id=\"t16_175\" style=\"left:663px;bottom:813px;letter-spacing:-0.12px;display:inline;\">543 </div><div class=\"t s2_175\" id=\"t17_175\" style=\"left:752px;bottom:813px;letter-spacing:-0.59px;display:inline;\">576 </div><div class=\"t s2_175\" id=\"t18_175\" style=\"left:838px;bottom:813px;letter-spacing:0.03px;display:inline;\">460 </div>\n<div class=\"t s2_175\" id=\"t19_175\" style=\"left:65px;bottom:794px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t s5_175\" id=\"t1a_175\" style=\"left:652px;bottom:794px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t s2_175\" id=\"t1b_175\" style=\"left:742px;bottom:794px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t s2_175\" id=\"t1c_175\" style=\"left:829px;bottom:794px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t s2_175\" id=\"t1d_175\" style=\"left:65px;bottom:776px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine Joint Repair </div><div class=\"t s5_175\" id=\"t1e_175\" style=\"left:664px;bottom:776px;letter-spacing:-0.36px;display:inline;\">870 </div><div class=\"t s2_175\" id=\"t1f_175\" style=\"left:752px;bottom:776px;letter-spacing:-0.18px;display:inline;\">839 </div><div class=\"t s2_175\" id=\"t1g_175\" style=\"left:839px;bottom:776px;letter-spacing:-0.56px;display:inline;\">710 </div>\n<div class=\"t s2_175\" id=\"t1h_175\" style=\"left:65px;bottom:757px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Arthroscopic Enabling Technologies </div><div class=\"t s5_175\" id=\"t1i_175\" style=\"left:664px;bottom:757px;letter-spacing:-0.34px;display:inline;\">567 </div><div class=\"t s2_175\" id=\"t1j_175\" style=\"left:752px;bottom:757px;letter-spacing:-0.23px;display:inline;\">590 </div><div class=\"t s2_175\" id=\"t1k_175\" style=\"left:840px;bottom:757px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s2_175\" id=\"t1l_175\" style=\"left:65px;bottom:739px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">ENT (Ear, Nose and Throat) </div><div class=\"t s5_175\" id=\"t1m_175\" style=\"left:663px;bottom:739px;letter-spacing:-0.31px;display:inline;\">153 </div><div class=\"t s2_175\" id=\"t1n_175\" style=\"left:752px;bottom:739px;letter-spacing:-0.39px;display:inline;\">131 </div><div class=\"t s2_175\" id=\"t1o_175\" style=\"left:838px;bottom:739px;letter-spacing:-0.28px;display:inline;\">106 </div>\n<div class=\"t s2_175\" id=\"t1p_175\" style=\"left:65px;bottom:721px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t1q_175\" style=\"left:651px;bottom:721px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t s2_175\" id=\"t1r_175\" style=\"left:741px;bottom:721px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t s2_175\" id=\"t1s_175\" style=\"left:828px;bottom:721px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t s2_175\" id=\"t1t_175\" style=\"left:65px;bottom:702px;letter-spacing:0.14px;word-spacing:-0.08px;display:inline;\">Advanced Wound Care </div><div class=\"t s5_175\" id=\"t1u_175\" style=\"left:664px;bottom:702px;letter-spacing:-0.4px;display:inline;\">712 </div><div class=\"t s2_175\" id=\"t1v_175\" style=\"left:752px;bottom:702px;letter-spacing:-0.42px;display:inline;\">731 </div><div class=\"t s2_175\" id=\"t1w_175\" style=\"left:838px;bottom:702px;letter-spacing:-0.27px;display:inline;\">647 </div>\n<div class=\"t s2_175\" id=\"t1x_175\" style=\"left:65px;bottom:684px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Advanced Wound Bioactives </div><div class=\"t s5_175\" id=\"t1y_175\" style=\"left:664px;bottom:684px;letter-spacing:-0.39px;display:inline;\">520 </div><div class=\"t s2_175\" id=\"t1z_175\" style=\"left:752px;bottom:684px;letter-spacing:-0.17px;display:inline;\">496 </div><div class=\"t s2_175\" id=\"t20_175\" style=\"left:839px;bottom:684px;letter-spacing:-0.45px;display:inline;\">431 </div>\n<div class=\"t s2_175\" id=\"t21_175\" style=\"left:65px;bottom:665px;letter-spacing:0.15px;word-spacing:-0.09px;display:inline;\">Advanced Wound Devices </div><div class=\"t s5_175\" id=\"t22_175\" style=\"left:663px;bottom:665px;letter-spacing:-0.11px;display:inline;\">280 </div><div class=\"t s2_175\" id=\"t23_175\" style=\"left:752px;bottom:665px;letter-spacing:-0.41px;display:inline;\">269 </div><div class=\"t s2_175\" id=\"t24_175\" style=\"left:839px;bottom:665px;letter-spacing:-0.37px;display:inline;\">232 </div>\n<div class=\"t s2_175\" id=\"t25_175\" style=\"left:65px;bottom:647px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t26_175\" style=\"left:652px;bottom:647px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t27_175\" style=\"left:741px;bottom:647px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t28_175\" style=\"left:828px;bottom:647px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t29_175\" style=\"left:65px;bottom:628px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Consolidated revenue from continuing operations </div><div class=\"t s5_175\" id=\"t2a_175\" style=\"left:652px;bottom:628px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t2b_175\" style=\"left:742px;bottom:628px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t2c_175\" style=\"left:827px;bottom:628px;display:inline;\">4,560 </div>\n<div class=\"t s2_175\" id=\"t2d_175\" style=\"left:65px;bottom:600px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by geographic market and product category. The disaggregation of </div>\n<div class=\"t s2_175\" id=\"t2e_175\" style=\"left:65px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">revenue into the two product categories below re\ufb02ects that in general the products in the Advanced Wound Management franchises </div>\n<div class=\"t s2_175\" id=\"t2f_175\" style=\"left:65px;bottom:569px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are sold to wholesalers and intermediaries, while products in the other franchises are sold directly to hospitals, ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2g_175\" style=\"left:65px;bottom:554px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">centers and distributors. The further disaggregation of revenue by Established Markets and Emerging Markets re\ufb02ects that in general our </div>\n<div class=\"t s2_175\" id=\"t2h_175\" style=\"left:65px;bottom:538px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">products are sold through distributors and intermediaries in the Emerging Markets while in the Established Markets, with the exception </div>\n<div class=\"t s2_175\" id=\"t2i_175\" style=\"left:65px;bottom:523px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">of the Advanced Wound Care and Bioactives product franchises, products are in general sold direct to hospitals and ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2j_175\" style=\"left:65px;bottom:508px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">centers. The disaggregation by Established Markets and Emerging Markets also re\ufb02ects their di\ufb00ering economic factors including </div>\n<div class=\"t s2_175\" id=\"t2k_175\" style=\"left:65px;bottom:493px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">volatility in growth and outlook. </div>\n<div class=\"t s3_175\" id=\"t2l_175\" style=\"left:449px;bottom:470px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t2m_175\" style=\"left:640px;bottom:470px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t2n_175\" style=\"left:835px;bottom:470px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t2o_175\" style=\"left:302px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2p_175\" style=\"left:319px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2q_175\" style=\"left:360px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2r_175\" style=\"left:373px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2s_175\" style=\"left:379px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2t_175\" style=\"left:451px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t2u_175\" style=\"left:492px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2v_175\" style=\"left:510px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2w_175\" style=\"left:550px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2x_175\" style=\"left:564px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2y_175\" style=\"left:570px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2z_175\" style=\"left:641px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t30_175\" style=\"left:683px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t31_175\" style=\"left:700px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t32_175\" style=\"left:741px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t33_175\" style=\"left:754px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t34_175\" style=\"left:760px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t35_175\" style=\"left:836px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t36_175\" style=\"left:290px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t37_175\" style=\"left:292px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t38_175\" style=\"left:295px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t39_175\" style=\"left:297px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3a_175\" style=\"left:317px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3b_175\" style=\"left:364px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3c_175\" style=\"left:366px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3d_175\" style=\"left:368px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3e_175\" style=\"left:371px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3f_175\" style=\"left:427px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3g_175\" style=\"left:429px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3h_175\" style=\"left:431px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3i_175\" style=\"left:481px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3j_175\" style=\"left:483px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3k_175\" style=\"left:485px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3l_175\" style=\"left:488px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3m_175\" style=\"left:508px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3n_175\" style=\"left:554px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3o_175\" style=\"left:557px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3p_175\" style=\"left:559px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3q_175\" style=\"left:561px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3r_175\" style=\"left:617px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3s_175\" style=\"left:620px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3t_175\" style=\"left:622px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3u_175\" style=\"left:671px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3v_175\" style=\"left:674px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3w_175\" style=\"left:676px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3x_175\" style=\"left:678px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3y_175\" style=\"left:698px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3z_175\" style=\"left:745px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t40_175\" style=\"left:747px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t41_175\" style=\"left:750px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t42_175\" style=\"left:752px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t43_175\" style=\"left:808px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t44_175\" style=\"left:810px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t45_175\" style=\"left:813px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million </div>\n<div class=\"t s2_175\" id=\"t46_175\" style=\"left:65px;bottom:410px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Orthopaedics, Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t47_175\" style=\"left:322px;bottom:410px;letter-spacing:-0.01px;display:inline;\">2,949 </div><div class=\"t s5_175\" id=\"t48_175\" style=\"left:395px;bottom:410px;letter-spacing:-0.25px;display:inline;\">754 </div><div class=\"t s5_175\" id=\"t49_175\" style=\"left:440px;bottom:410px;letter-spacing:-0.25px;display:inline;\">3,703 </div><div class=\"t s2_175\" id=\"t4a_175\" style=\"left:516px;bottom:410px;letter-spacing:-0.24px;display:inline;\">2,969 </div><div class=\"t s2_175\" id=\"t4b_175\" style=\"left:589px;bottom:410px;letter-spacing:-0.96px;display:inline;\">747 </div><div class=\"t s2_175\" id=\"t4c_175\" style=\"left:634px;bottom:410px;letter-spacing:-0.41px;display:inline;\">3,716 </div><div class=\"t s2_175\" id=\"t4d_175\" style=\"left:708px;bottom:410px;letter-spacing:-0.39px;display:inline;\">2,619 </div><div class=\"t s2_175\" id=\"t4e_175\" style=\"left:778px;bottom:410px;letter-spacing:-0.41px;display:inline;\">631 </div><div class=\"t s2_175\" id=\"t4f_175\" style=\"left:828px;bottom:410px;letter-spacing:-0.06px;display:inline;\">3,250 </div>\n<div class=\"t s2_175\" id=\"t4g_175\" style=\"left:65px;bottom:391px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t4h_175\" style=\"left:323px;bottom:391px;letter-spacing:-0.15px;display:inline;\">1,319 </div><div class=\"t s5_175\" id=\"t4i_175\" style=\"left:395px;bottom:391px;letter-spacing:-0.43px;display:inline;\">193 </div><div class=\"t s5_175\" id=\"t4j_175\" style=\"left:440px;bottom:391px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t4k_175\" style=\"left:516px;bottom:391px;letter-spacing:-0.23px;display:inline;\">1,327 </div><div class=\"t s2_175\" id=\"t4l_175\" style=\"left:588px;bottom:391px;letter-spacing:-0.52px;display:inline;\">169 </div><div class=\"t s2_175\" id=\"t4m_175\" style=\"left:633px;bottom:391px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t4n_175\" style=\"left:708px;bottom:391px;letter-spacing:-0.51px;display:inline;\">1,170 </div><div class=\"t s2_175\" id=\"t4o_175\" style=\"left:778px;bottom:391px;letter-spacing:-0.3px;display:inline;\">140 </div><div class=\"t s2_175\" id=\"t4p_175\" style=\"left:828px;bottom:391px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t4q_175\" style=\"left:65px;bottom:373px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t s5_175\" id=\"t4r_175\" style=\"left:322px;bottom:373px;letter-spacing:-0.03px;display:inline;\">4,268 </div><div class=\"t s5_175\" id=\"t4s_175\" style=\"left:395px;bottom:373px;letter-spacing:-0.35px;display:inline;\">947 </div><div class=\"t s5_175\" id=\"t4t_175\" style=\"left:440px;bottom:373px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t4u_175\" style=\"left:516px;bottom:373px;letter-spacing:-0.05px;display:inline;\">4,296 </div><div class=\"t s2_175\" id=\"t4v_175\" style=\"left:588px;bottom:373px;letter-spacing:-0.67px;display:inline;\">916 </div><div class=\"t s2_175\" id=\"t4w_175\" style=\"left:633px;bottom:373px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t4x_175\" style=\"left:707px;bottom:373px;letter-spacing:-0.26px;display:inline;\">3,789 </div><div class=\"t s2_175\" id=\"t4y_175\" style=\"left:778px;bottom:373px;letter-spacing:-0.3px;display:inline;\">771 </div><div class=\"t s2_175\" id=\"t4z_175\" style=\"left:827px;bottom:373px;display:inline;\">4,560 </div>\n<div class=\"t s7_175\" id=\"t50_175\" style=\"left:65px;bottom:349px;display:inline;\">1 </div><div class=\"t s7_175\" id=\"t51_175\" style=\"left:78px;bottom:349px;letter-spacing:0.16px;word-spacing:-0.17px;display:inline;\">Established Markets comprises the US, Australia, Canada, Europe, Japan and New Zealand. </div>\n<div class=\"t s2_175\" id=\"t52_175\" style=\"left:65px;bottom:323px;letter-spacing:-0.24px;word-spacing:0.14px;display:inline;\">US revenue for 2022 was $2,764m (2021: $2,658m, 2020: $2,339m), China revenue for 2022 was $319m (2021: $352m, 2020: $318m) </div>\n<div class=\"t s2_175\" id=\"t53_175\" style=\"left:65px;bottom:308px;letter-spacing:-0.09px;word-spacing:0.14px;display:inline;\">and\u00a0UK revenue for 2022 was $186m (2021: $189m, 2020: $166m). </div>\n<div class=\"t s8_175\" id=\"t54_175\" style=\"left:831px;bottom:11px;letter-spacing:-1.44px;display:inline;\">173 </div><div class=\"t s9_175\" id=\"t55_175\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_175\" id=\"t56_175\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_175\" id=\"t57_175\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_175\" id=\"t58_175\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_175\" id=\"t59_175\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_175\" id=\"t5a_175\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_176\" id=\"t1_176\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_176\" id=\"t2_176\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_176\" id=\"t3_176\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_176\" id=\"t4_176\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_176\" id=\"t5_176\" style=\"left:43px;bottom:956px;display:inline;\">2 </div><div class=\"t s6_176\" id=\"t6_176\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Business segment information </div><div class=\"t s7_176\" id=\"t7_176\" style=\"left:266px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_176\" id=\"t8_176\" style=\"left:43px;bottom:938px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Contract assets and liabilities </div>\n<div class=\"t s9_176\" id=\"t9_176\" style=\"left:43px;bottom:921px;word-spacing:-0.11px;display:inline;\">The nature of our products and services do not generally give rise to contract assets as we do not typically incur costs to ful\ufb01l a contract </div>\n<div class=\"t s9_176\" id=\"ta_176\" style=\"left:43px;bottom:906px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">before a product or service is provided to the customer. The Group generally satis\ufb01es performance obligations within one year from </div>\n<div class=\"t s9_176\" id=\"tb_176\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the contract inception date. There was no material revenue recognised in the current reporting period that related to carried-forward </div>\n<div class=\"t s9_176\" id=\"tc_176\" style=\"left:43px;bottom:875px;letter-spacing:-0.04px;word-spacing:-0.08px;display:inline;\">contract liabilities (deferred income) or performance obligations satis\ufb01ed in the previous year. There is no material revenue that is likely to </div>\n<div class=\"t s9_176\" id=\"td_176\" style=\"left:43px;bottom:860px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">arise in future periods from unsatis\ufb01ed performance obligations at the balance sheet date. Therefore, there are no associated signi\ufb01cant </div>\n<div class=\"t s9_176\" id=\"te_176\" style=\"left:43px;bottom:845px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">accrued income and deferred income balances at 31 December 2022. As of 31 December 2022, contract assets principally comprise </div>\n<div class=\"t s9_176\" id=\"tf_176\" style=\"left:43px;bottom:829px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">trade receivables and contract liabilities principally comprise rebates (as described in the accounting policy above). The accrual for </div>\n<div class=\"t s9_176\" id=\"tg_176\" style=\"left:43px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">rebates at 31 December 2022 was $103m (2021: $97m) with $369m being recognised in revenue in 2022. </div>\n<div class=\"t s8_176\" id=\"th_176\" style=\"left:43px;bottom:790px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Major customers </div>\n<div class=\"t s9_176\" id=\"ti_176\" style=\"left:43px;bottom:772px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">No single customer generates revenue greater than 10% of the consolidated revenue. </div>\n<div class=\"t sa_176\" id=\"tj_176\" style=\"left:43px;bottom:747px;letter-spacing:-0.15px;display:inline;\">2.2 </div><div class=\"t sb_176\" id=\"tk_176\" style=\"left:66px;bottom:747px;letter-spacing:-0.2px;word-spacing:-0.06px;display:inline;\">Trading and operating pro\ufb01t by business segment </div>\n<div class=\"t s9_176\" id=\"tl_176\" style=\"left:43px;bottom:730px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Trading pro\ufb01t is a trend measure which presents the pro\ufb01tability of the Group excluding the impact of speci\ufb01c transactions that </div>\n<div class=\"t s9_176\" id=\"tm_176\" style=\"left:43px;bottom:715px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">management considers a\ufb00ect the Group\u2019s short-term pro\ufb01tability and the comparability of results. The Group presents this measure </div>\n<div class=\"t s9_176\" id=\"tn_176\" style=\"left:43px;bottom:700px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">to\u00a0assist investors in their understanding of trends. The Group has identi\ufb01ed the following items, where material, as those to be excluded </div>\n<div class=\"t s9_176\" id=\"to_176\" style=\"left:43px;bottom:684px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">from operating pro\ufb01t when arriving at trading pro\ufb01t: acquisition and disposal-related items; signi\ufb01cant restructuring programmes; </div>\n<div class=\"t s9_176\" id=\"tp_176\" style=\"left:43px;bottom:669px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">amortisation and impairment of acquisition intangibles; gains and losses arising from legal disputes; and other signi\ufb01cant items. </div>\n<div class=\"t s9_176\" id=\"tq_176\" style=\"left:43px;bottom:654px;letter-spacing:0.07px;word-spacing:-0.06px;display:inline;\">Further detail is\u00a0provided in Notes 2.3, 2.4, 2.5 and 2.6. </div>\n<div class=\"t s9_176\" id=\"tr_176\" style=\"left:43px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Segment trading pro\ufb01t is reconciled to the statutory measure below: </div>\n<div class=\"t sc_176\" id=\"ts_176\" style=\"left:640px;bottom:608px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sc_176\" id=\"tt_176\" style=\"left:727px;bottom:608px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sc_176\" id=\"tu_176\" style=\"left:813px;bottom:608px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t sc_176\" id=\"tv_176\" style=\"left:585px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tw_176\" style=\"left:587px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tx_176\" style=\"left:589px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"ty_176\" style=\"left:592px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"tz_176\" style=\"left:625px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_176\" id=\"t10_176\" style=\"left:671px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t11_176\" style=\"left:674px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t12_176\" style=\"left:676px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t13_176\" style=\"left:678px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t14_176\" style=\"left:711px;bottom:595px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$ million\u00a0</div><div class=\"t sc_176\" id=\"t15_176\" style=\"left:760px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t16_176\" style=\"left:763px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t17_176\" style=\"left:765px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sc_176\" id=\"t18_176\" style=\"left:798px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sd_176\" id=\"t19_176\" style=\"left:48px;bottom:576px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Segment pro\ufb01t </div>\n<div class=\"t s9_176\" id=\"t1a_176\" style=\"left:43px;bottom:557px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t se_176\" id=\"t1b_176\" style=\"left:641px;bottom:557px;letter-spacing:-0.12px;display:inline;\">383 </div><div class=\"t s9_176\" id=\"t1c_176\" style=\"left:730px;bottom:557px;letter-spacing:-0.22px;display:inline;\">367 </div><div class=\"t s9_176\" id=\"t1d_176\" style=\"left:816px;bottom:557px;letter-spacing:-0.08px;display:inline;\">389 </div>\n<div class=\"t s9_176\" id=\"t1e_176\" style=\"left:43px;bottom:539px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t se_176\" id=\"t1f_176\" style=\"left:642px;bottom:539px;letter-spacing:-0.44px;display:inline;\">472 </div><div class=\"t s9_176\" id=\"t1g_176\" style=\"left:730px;bottom:539px;letter-spacing:-0.4px;display:inline;\">459 </div><div class=\"t s9_176\" id=\"t1h_176\" style=\"left:816px;bottom:539px;letter-spacing:0.04px;display:inline;\">306 </div>\n<div class=\"t s9_176\" id=\"t1i_176\" style=\"left:43px;bottom:520px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t se_176\" id=\"t1j_176\" style=\"left:641px;bottom:520px;letter-spacing:-0.16px;display:inline;\">436 </div><div class=\"t s9_176\" id=\"t1k_176\" style=\"left:732px;bottom:520px;letter-spacing:-0.96px;display:inline;\">474 </div><div class=\"t s9_176\" id=\"t1l_176\" style=\"left:818px;bottom:520px;letter-spacing:-0.64px;display:inline;\">316 </div>\n<div class=\"t s9_176\" id=\"t1m_176\" style=\"left:43px;bottom:502px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Segment trading pro\ufb01t </div><div class=\"t se_176\" id=\"t1n_176\" style=\"left:630px;bottom:502px;letter-spacing:-0.12px;display:inline;\">1,291 </div><div class=\"t s9_176\" id=\"t1o_176\" style=\"left:719px;bottom:502px;letter-spacing:0.09px;display:inline;\">1,300 </div><div class=\"t s9_176\" id=\"t1p_176\" style=\"left:807px;bottom:502px;letter-spacing:-0.33px;display:inline;\">1,011 </div>\n<div class=\"t s9_176\" id=\"t1q_176\" style=\"left:43px;bottom:484px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Corporate costs </div><div class=\"t se_176\" id=\"t1r_176\" style=\"left:636px;bottom:484px;letter-spacing:-0.09px;display:inline;\">(390) </div><div class=\"t s9_176\" id=\"t1s_176\" style=\"left:726px;bottom:484px;display:inline;\">(364) </div><div class=\"t s9_176\" id=\"t1t_176\" style=\"left:813px;bottom:484px;letter-spacing:-0.24px;display:inline;\">(328) </div>\n<div class=\"t s9_176\" id=\"t1u_176\" style=\"left:43px;bottom:465px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group trading pro\ufb01t </div><div class=\"t se_176\" id=\"t1v_176\" style=\"left:642px;bottom:465px;letter-spacing:-0.18px;display:inline;\">901 </div><div class=\"t s9_176\" id=\"t1w_176\" style=\"left:730px;bottom:465px;letter-spacing:-0.31px;display:inline;\">936 </div><div class=\"t s9_176\" id=\"t1x_176\" style=\"left:816px;bottom:465px;letter-spacing:-0.06px;display:inline;\">683 </div>\n<div class=\"t s9_176\" id=\"t1y_176\" style=\"left:43px;bottom:447px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div><div class=\"t se_176\" id=\"t1z_176\" style=\"left:654px;bottom:447px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t s9_176\" id=\"t20_176\" style=\"left:741px;bottom:447px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s9_176\" id=\"t21_176\" style=\"left:829px;bottom:447px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s9_176\" id=\"t22_176\" style=\"left:43px;bottom:428px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Restructuring and rationalisation expenses </div><div class=\"t se_176\" id=\"t23_176\" style=\"left:637px;bottom:428px;letter-spacing:-0.27px;display:inline;\">(167) </div><div class=\"t s9_176\" id=\"t24_176\" style=\"left:727px;bottom:428px;letter-spacing:-0.28px;display:inline;\">(113) </div><div class=\"t s9_176\" id=\"t25_176\" style=\"left:814px;bottom:428px;letter-spacing:-0.35px;display:inline;\">(124) </div>\n<div class=\"t s9_176\" id=\"t26_176\" style=\"left:43px;bottom:410px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Amortisation and impairment of acquisition intangibles </div><div class=\"t se_176\" id=\"t27_176\" style=\"left:636px;bottom:410px;letter-spacing:-0.13px;display:inline;\">(205) </div><div class=\"t s9_176\" id=\"t28_176\" style=\"left:727px;bottom:410px;letter-spacing:-0.42px;display:inline;\">(172) </div><div class=\"t s9_176\" id=\"t29_176\" style=\"left:815px;bottom:410px;letter-spacing:-0.58px;display:inline;\">(171) </div>\n<div class=\"t s9_176\" id=\"t2a_176\" style=\"left:43px;bottom:391px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Legal and other </div><div class=\"t se_176\" id=\"t2b_176\" style=\"left:645px;bottom:391px;letter-spacing:-0.19px;display:inline;\">(75) </div><div class=\"t s9_176\" id=\"t2c_176\" style=\"left:735px;bottom:391px;letter-spacing:-0.4px;display:inline;\">(51) </div><div class=\"t s9_176\" id=\"t2d_176\" style=\"left:821px;bottom:391px;letter-spacing:-0.18px;display:inline;\">(89) </div>\n<div class=\"t sd_176\" id=\"t2e_176\" style=\"left:43px;bottom:373px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Group operating pro\ufb01t </div><div class=\"t se_176\" id=\"t2f_176\" style=\"left:642px;bottom:373px;letter-spacing:-0.19px;display:inline;\">450 </div><div class=\"t s9_176\" id=\"t2g_176\" style=\"left:731px;bottom:373px;letter-spacing:-0.53px;display:inline;\">593 </div><div class=\"t s9_176\" id=\"t2h_176\" style=\"left:817px;bottom:373px;letter-spacing:-0.22px;display:inline;\">295 </div>\n<div class=\"t sa_176\" id=\"t2i_176\" style=\"left:43px;bottom:343px;letter-spacing:-0.07px;display:inline;\">2.3 </div><div class=\"t sb_176\" id=\"t2j_176\" style=\"left:67px;bottom:343px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div>\n<div class=\"t s9_176\" id=\"t2k_176\" style=\"left:43px;bottom:326px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year to 31 December 2022, costs primarily relate to the acquisition of Engage and prior year acquisitions, partially o\ufb00set </div>\n<div class=\"t s9_176\" id=\"t2l_176\" style=\"left:43px;bottom:311px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by\u00a0credits relating to remeasurement of deferred and contingent consideration for prior year acquisitions. </div>\n<div class=\"t s9_176\" id=\"t2m_176\" style=\"left:43px;bottom:287px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">For the year to 31 December 2021, costs primarily relate to the acquisition of Extremity Orthopaedics and prior year acquisitions, </div>\n<div class=\"t s9_176\" id=\"t2n_176\" style=\"left:43px;bottom:272px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">partially o\ufb00set by credits\u00a0relating to remeasurement of contingent consideration for prior year acquisitions. </div>\n<div class=\"t s9_176\" id=\"t2o_176\" style=\"left:43px;bottom:248px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">For the year to 31 December 2020, costs primarily relate to the acquisitions of Tusker and prior year acquisitions, partially o\ufb00set </div>\n<div class=\"t s9_176\" id=\"t2p_176\" style=\"left:43px;bottom:232px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by\u00a0credits relating to remeasurement of contingent consideration from prior year acquisitions. </div>\n<div class=\"t sa_176\" id=\"t2q_176\" style=\"left:43px;bottom:208px;letter-spacing:-0.22px;display:inline;\">2.4 </div><div class=\"t sb_176\" id=\"t2r_176\" style=\"left:66px;bottom:208px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Restructuring and rationalisation costs </div>\n<div class=\"t s9_176\" id=\"t2s_176\" style=\"left:43px;bottom:190px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, these costs include e\ufb03ciency and productivity elements of the 12-point plan. </div>\n<div class=\"t s9_176\" id=\"t2t_176\" style=\"left:43px;bottom:166px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">For the years ended 31 December 2022, 2021 and 2020, these costs also relate to the Operations and Commercial </div>\n<div class=\"t s9_176\" id=\"t2u_176\" style=\"left:43px;bottom:151px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Excellence programme. </div>\n<div class=\"t s9_176\" id=\"t2v_176\" style=\"left:43px;bottom:127px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">For the years ended 31 December 2021 and 2020, the costs also include the implementation of the Accelerating Performance </div>\n<div class=\"t s9_176\" id=\"t2w_176\" style=\"left:43px;bottom:112px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">and\u00a0Execution (APEX) programme that was announced in February 2018. </div>\n<div class=\"t sf_176\" id=\"t2x_176\" style=\"left:43px;bottom:11px;letter-spacing:-2.38px;display:inline;\">174 </div><div class=\"t sg_176\" id=\"t2y_176\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_176\" id=\"t2z_176\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_177\" id=\"t1_177\" style=\"left:65px;bottom:957px;letter-spacing:-0.12px;display:inline;\">2.5 </div><div class=\"t s2_177\" id=\"t2_177\" style=\"left:88px;bottom:957px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Amortisation and impairment of acquisition intangibles </div>\n<div class=\"t s3_177\" id=\"t3_177\" style=\"left:65px;bottom:940px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">For the years ended 31 December 2022, 2021 and 2020, these costs relate to the amortisation and impairment of intangible assets </div>\n<div class=\"t s3_177\" id=\"t4_177\" style=\"left:65px;bottom:925px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">acquired in material business combinations. </div>\n<div class=\"t s1_177\" id=\"t5_177\" style=\"left:65px;bottom:900px;letter-spacing:-0.29px;display:inline;\">2.6 </div><div class=\"t s2_177\" id=\"t6_177\" style=\"left:88px;bottom:900px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Legal and other </div>\n<div class=\"t s3_177\" id=\"t7_177\" style=\"left:65px;bottom:883px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims and an increase </div>\n<div class=\"t s3_177\" id=\"t8_177\" style=\"left:65px;bottom:868px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">of $19m in the provision that re\ufb02ects the present value of the estimated costs to resolve all other known and anticipated metal-on-metal </div>\n<div class=\"t s3_177\" id=\"t9_177\" style=\"left:65px;bottom:852px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">hip claims. These charges in the year to 31 December 2022 were partially o\ufb00set by a credit of $7m relating to insurance recoveries for </div>\n<div class=\"t s3_177\" id=\"ta_177\" style=\"left:65px;bottom:837px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">ongoing metal-on-metal hip claims. </div>\n<div class=\"t s3_177\" id=\"tb_177\" style=\"left:65px;bottom:813px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2021, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims. These charges </div>\n<div class=\"t s3_177\" id=\"tc_177\" style=\"left:65px;bottom:798px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">in the year to 31 December 2021 were partially o\ufb00set by a credit of $35m relating to insurance recoveries for ongoing metal-on-metal </div>\n<div class=\"t s3_177\" id=\"td_177\" style=\"left:65px;bottom:783px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">hip claims. </div>\n<div class=\"t s3_177\" id=\"te_177\" style=\"left:65px;bottom:759px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2020, charges primarily relate to legal expenses for ongoing metal-on-metal hip claims and an increase </div>\n<div class=\"t s3_177\" id=\"tf_177\" style=\"left:65px;bottom:743px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">of $17m in the provision that re\ufb02ects the present value of the estimated costs to resolve all other known and anticipated metal-on-metal </div>\n<div class=\"t s3_177\" id=\"tg_177\" style=\"left:65px;bottom:728px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">hip claims. </div>\n<div class=\"t s3_177\" id=\"th_177\" style=\"left:65px;bottom:704px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The years ended 31 December 2022, 2021 and 2020 also include costs for implementing the requirements of the EU Medical Device </div>\n<div class=\"t s3_177\" id=\"ti_177\" style=\"left:65px;bottom:689px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">Regulation which came into e\ufb00ect in May 2021 with a transition period to May 2024. </div>\n<div class=\"t s1_177\" id=\"tj_177\" style=\"left:65px;bottom:664px;letter-spacing:-0.45px;display:inline;\">2.7 </div><div class=\"t s2_177\" id=\"tk_177\" style=\"left:87px;bottom:664px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Non-current assets by geography </div>\n<div class=\"t s3_177\" id=\"tl_177\" style=\"left:65px;bottom:647px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The following table presents the non-current assets of the Group based on their location: </div>\n<div class=\"t s4_177\" id=\"tm_177\" style=\"left:662px;bottom:625px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_177\" id=\"tn_177\" style=\"left:748px;bottom:625px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_177\" id=\"to_177\" style=\"left:835px;bottom:625px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_177\" id=\"tp_177\" style=\"left:606px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tq_177\" style=\"left:609px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tr_177\" style=\"left:611px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"ts_177\" style=\"left:613px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tt_177\" style=\"left:646px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"tu_177\" style=\"left:693px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tv_177\" style=\"left:695px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tw_177\" style=\"left:698px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"tx_177\" style=\"left:700px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"ty_177\" style=\"left:733px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"tz_177\" style=\"left:780px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t10_177\" style=\"left:782px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t11_177\" style=\"left:784px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t12_177\" style=\"left:787px;bottom:612px;display:inline;\">\u00a0</div><div class=\"t s4_177\" id=\"t13_177\" style=\"left:820px;bottom:612px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_177\" id=\"t14_177\" style=\"left:866px;bottom:612px;display:inline;\">\u00a0</div>\n<div class=\"t s3_177\" id=\"t15_177\" style=\"left:65px;bottom:593px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">United Kingdom </div><div class=\"t s5_177\" id=\"t16_177\" style=\"left:663px;bottom:593px;letter-spacing:-0.16px;display:inline;\">487 </div><div class=\"t s3_177\" id=\"t17_177\" style=\"left:752px;bottom:593px;letter-spacing:-0.45px;display:inline;\">541 </div><div class=\"t s3_177\" id=\"t18_177\" style=\"left:838px;bottom:593px;letter-spacing:-0.13px;display:inline;\">403 </div>\n<div class=\"t s3_177\" id=\"t19_177\" style=\"left:65px;bottom:574px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">United States of America </div><div class=\"t s5_177\" id=\"t1a_177\" style=\"left:652px;bottom:574px;letter-spacing:-0.21px;display:inline;\">3,918 </div><div class=\"t s3_177\" id=\"t1b_177\" style=\"left:742px;bottom:574px;letter-spacing:-0.25px;display:inline;\">4,125 </div><div class=\"t s3_177\" id=\"t1c_177\" style=\"left:828px;bottom:574px;letter-spacing:-0.14px;display:inline;\">4,093 </div>\n<div class=\"t s3_177\" id=\"t1d_177\" style=\"left:65px;bottom:556px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_177\" id=\"t1e_177\" style=\"left:651px;bottom:556px;letter-spacing:0.02px;display:inline;\">1,387 </div><div class=\"t s3_177\" id=\"t1f_177\" style=\"left:741px;bottom:556px;letter-spacing:-0.16px;display:inline;\">1,447 </div><div class=\"t s3_177\" id=\"t1g_177\" style=\"left:829px;bottom:556px;letter-spacing:-0.44px;display:inline;\">1,517 </div>\n<div class=\"t s6_177\" id=\"t1h_177\" style=\"left:65px;bottom:538px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Total non-current assets of the consolidated Group </div>\n<div class=\"t s7_177\" id=\"t1i_177\" style=\"left:375px;bottom:545px;display:inline;\">1 </div>\n<div class=\"t s5_177\" id=\"t1j_177\" style=\"left:653px;bottom:538px;letter-spacing:-0.32px;display:inline;\">5,792 </div><div class=\"t s3_177\" id=\"t1k_177\" style=\"left:742px;bottom:538px;letter-spacing:-0.26px;display:inline;\">6,113 </div><div class=\"t s3_177\" id=\"t1l_177\" style=\"left:828px;bottom:538px;letter-spacing:-0.2px;display:inline;\">6,013 </div>\n<div class=\"t s8_177\" id=\"t1m_177\" style=\"left:65px;bottom:514px;display:inline;\">1 </div>Non-current assets exclude retirement bene\ufb01t assets and deferred tax assets.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21094": {
   "value": "2.1 <div class=\"t s9_174\" id=\"t9_174\" style=\"left:66px;bottom:938px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Revenue by business segment and geography </div>\n<div class=\"t sa_174\" id=\"ta_174\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sb_174\" id=\"tb_174\" style=\"left:53px;bottom:893px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Revenue is recognised as the performance obligations to deliver products or services are satis\ufb01ed and is recorded based on the </div>\n<div class=\"t sb_174\" id=\"tc_174\" style=\"left:53px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount of consideration expected to be received in exchange for satisfying the performance obligations. Revenue is recognised </div>\n<div class=\"t sb_174\" id=\"td_174\" style=\"left:53px;bottom:863px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">primarily when control is transferred to the customer, which is generally when the goods are shipped or delivered in accordance </div>\n<div class=\"t sb_174\" id=\"te_174\" style=\"left:53px;bottom:848px;letter-spacing:0.07px;word-spacing:-0.12px;display:inline;\">with\u00a0the contract terms, with some transfer of services taking place over time. Substantially all performance obligations are ful\ufb01lled </div>\n<div class=\"t sb_174\" id=\"tf_174\" style=\"left:53px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">within one year. There is no signi\ufb01cant revenue associated with the provision of services. Payment terms to our customers are based </div>\n<div class=\"t sb_174\" id=\"tg_174\" style=\"left:53px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">on commercially reasonable terms for the respective markets while also considering a customer\u2019s credit rating. Appropriate provisions </div>\n<div class=\"t sb_174\" id=\"th_174\" style=\"left:53px;bottom:802px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">for returns, trade discounts and rebates are deducted from revenue. Rebates primarily comprise chargebacks and other discounts </div>\n<div class=\"t sb_174\" id=\"ti_174\" style=\"left:53px;bottom:786px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">granted to certain customers. Chargebacks are discounts that occur when a third-party purchases product from a wholesaler at </div>\n<div class=\"t sb_174\" id=\"tj_174\" style=\"left:53px;bottom:771px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">its agreed price plus a mark-up. The wholesaler in turn charges the Group for the di\ufb00erence between the price initially paid by the </div>\n<div class=\"t sb_174\" id=\"tk_174\" style=\"left:53px;bottom:756px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">wholesaler and the agreed price. The provision for chargebacks is based on expected sell-through levels by the Group\u2019s wholesalers </div>\n<div class=\"t sb_174\" id=\"tl_174\" style=\"left:53px;bottom:741px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">to\u00a0such customers, as well as estimated wholesaler inventory levels. </div>\n<div class=\"t sc_174\" id=\"tm_174\" style=\"left:53px;bottom:716px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT (Ear, Nose &amp; Throat) </div>\n<div class=\"t sb_174\" id=\"tn_174\" style=\"left:53px;bottom:699px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT consists of the following businesses: Knee Implants, Hip Implants, Other Reconstruction, </div>\n<div class=\"t sb_174\" id=\"to_174\" style=\"left:53px;bottom:683px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies and ENT. Sales of inventory located </div>\n<div class=\"t sb_174\" id=\"tp_174\" style=\"left:53px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">at\u00a0customer premises and available for customers\u2019 immediate use are recognised when noti\ufb01cation is received that the product </div>\n<div class=\"t sb_174\" id=\"tq_174\" style=\"left:53px;bottom:653px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">has been implanted or used. Substantially all other revenue is recognised when control is transferred to the customer, which is </div>\n<div class=\"t sb_174\" id=\"tr_174\" style=\"left:53px;bottom:637px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">generally when the goods are\u00a0shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount </div>\n<div class=\"t sb_174\" id=\"ts_174\" style=\"left:53px;bottom:622px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0consideration expected to\u00a0be received in\u00a0exchange for\u00a0transferring the products or services. </div>\n<div class=\"t sb_174\" id=\"tt_174\" style=\"left:53px;bottom:598px;word-spacing:-0.11px;display:inline;\">In general our business in Established Markets is direct to hospitals and ambulatory surgery centers whereas in the Emerging Markets </div>\n<div class=\"t sb_174\" id=\"tu_174\" style=\"left:53px;bottom:583px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">we\u00a0generally sell through distributors. </div>\n<div class=\"t sc_174\" id=\"tv_174\" style=\"left:53px;bottom:558px;letter-spacing:0.12px;word-spacing:-0.05px;display:inline;\">Advanced Wound Management </div>\n<div class=\"t sb_174\" id=\"tw_174\" style=\"left:53px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Advanced Wound Management consists of the following businesses: Advanced Wound Care, Advanced Wound Bioactives and </div>\n<div class=\"t sb_174\" id=\"tx_174\" style=\"left:53px;bottom:526px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Advanced Wound Devices. Substantially all revenue is recognised when control is transferred to the customer, which is generally </div>\n<div class=\"t sb_174\" id=\"ty_174\" style=\"left:53px;bottom:510px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">when the goods are shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount of </div>\n<div class=\"t sb_174\" id=\"tz_174\" style=\"left:53px;bottom:495px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration expected to be received in exchange for transferring the products or services. Appropriate provisions for returns, </div>\n<div class=\"t sb_174\" id=\"t10_174\" style=\"left:53px;bottom:480px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">trade\u00a0discounts and rebates are deducted from revenue, as explained above. </div>\n<div class=\"t sb_174\" id=\"t11_174\" style=\"left:53px;bottom:456px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">The majority of our Advanced Wound Management business, and in particular products used in community and homecare facilities, </div>\n<div class=\"t sb_174\" id=\"t12_174\" style=\"left:53px;bottom:441px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">is\u00a0through wholesalers and distributors. When control is transferred to a wholesaler or distributor, revenue is recognised accordingly. </div>\n<div class=\"t sb_174\" id=\"t13_174\" style=\"left:53px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The proportion of sales direct to hospitals is higher in our Advanced Wound Devices business in Established Markets. </div> \n<div class=\"t sd_174\" id=\"t14_174\" style=\"left:43px;bottom:388px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Segment revenue reconciles to statutory revenues from continuing operations as follows: </div>\n<div class=\"t se_174\" id=\"t15_174\" style=\"left:640px;bottom:366px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t se_174\" id=\"t16_174\" style=\"left:727px;bottom:366px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t se_174\" id=\"t17_174\" style=\"left:813px;bottom:366px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t se_174\" id=\"t18_174\" style=\"left:585px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t19_174\" style=\"left:587px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1a_174\" style=\"left:589px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1b_174\" style=\"left:592px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1c_174\" style=\"left:625px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1d_174\" style=\"left:671px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1e_174\" style=\"left:674px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1f_174\" style=\"left:676px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1g_174\" style=\"left:678px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1h_174\" style=\"left:711px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t se_174\" id=\"t1i_174\" style=\"left:758px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1j_174\" style=\"left:760px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1k_174\" style=\"left:763px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1l_174\" style=\"left:765px;bottom:353px;display:inline;\">\u00a0</div><div class=\"t se_174\" id=\"t1m_174\" style=\"left:798px;bottom:353px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sf_174\" id=\"t1n_174\" style=\"left:48px;bottom:334px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Reportable segment revenue </div><div class=\"t sg_174\" id=\"t1o_174\" style=\"left:655px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sg_174\" id=\"t1p_174\" style=\"left:658px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1q_174\" style=\"left:742px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1r_174\" style=\"left:745px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1s_174\" style=\"left:828px;bottom:334px;display:inline;\">\u00a0</div><div class=\"t sd_174\" id=\"t1t_174\" style=\"left:831px;bottom:334px;display:inline;\">\u00a0</div>\n<div class=\"t sd_174\" id=\"t1u_174\" style=\"left:43px;bottom:315px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t sg_174\" id=\"t1v_174\" style=\"left:630px;bottom:315px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t sd_174\" id=\"t1w_174\" style=\"left:720px;bottom:315px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t sd_174\" id=\"t1x_174\" style=\"left:808px;bottom:315px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t sd_174\" id=\"t1y_174\" style=\"left:43px;bottom:297px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t sg_174\" id=\"t1z_174\" style=\"left:629px;bottom:297px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t sd_174\" id=\"t20_174\" style=\"left:719px;bottom:297px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t sd_174\" id=\"t21_174\" style=\"left:806px;bottom:297px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t sd_174\" id=\"t22_174\" style=\"left:43px;bottom:279px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t sg_174\" id=\"t23_174\" style=\"left:630px;bottom:279px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t sd_174\" id=\"t24_174\" style=\"left:720px;bottom:279px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t sd_174\" id=\"t25_174\" style=\"left:807px;bottom:279px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t sd_174\" id=\"t26_174\" style=\"left:43px;bottom:260px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Revenue from external customers </div><div class=\"t sg_174\" id=\"t27_174\" style=\"left:630px;bottom:260px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t sd_174\" id=\"t28_174\" style=\"left:720px;bottom:260px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t sd_174\" id=\"t29_174\" style=\"left:806px;bottom:260px;display:inline;\">4,560 </div>\n<div class=\"t sh_174\" id=\"t2a_174\" style=\"left:43px;bottom:11px;letter-spacing:-1.4px;display:inline;\">172 </div><div class=\"t si_174\" id=\"t2b_174\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_174\" id=\"t2c_174\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_175\" id=\"t1_175\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Disaggregation of revenue: </div>\n<div class=\"t s2_175\" id=\"t2_175\" style=\"left:65px;bottom:941px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by product franchise: </div>\n<div class=\"t s3_175\" id=\"t3_175\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t4_175\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t5_175\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t6_175\" style=\"left:606px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t7_175\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t8_175\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t9_175\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ta_175\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tb_175\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tc_175\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"td_175\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"te_175\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tf_175\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tg_175\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"th_175\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"ti_175\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tj_175\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"tk_175\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"tl_175\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s4_175\" id=\"tm_175\" style=\"left:69px;bottom:886px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Revenue by product from continuing operations </div><div class=\"t s5_175\" id=\"tn_175\" style=\"left:677px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_175\" id=\"to_175\" style=\"left:680px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tp_175\" style=\"left:763px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tq_175\" style=\"left:766px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"tr_175\" style=\"left:850px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s2_175\" id=\"ts_175\" style=\"left:853px;bottom:886px;display:inline;\">\u00a0</div>\n<div class=\"t s2_175\" id=\"tt_175\" style=\"left:65px;bottom:868px;letter-spacing:0.21px;word-spacing:-0.16px;display:inline;\">Knee Implants </div><div class=\"t s5_175\" id=\"tu_175\" style=\"left:663px;bottom:868px;letter-spacing:-0.15px;display:inline;\">899 </div><div class=\"t s2_175\" id=\"tv_175\" style=\"left:752px;bottom:868px;letter-spacing:-0.56px;display:inline;\">876 </div><div class=\"t s2_175\" id=\"tw_175\" style=\"left:839px;bottom:868px;letter-spacing:-0.42px;display:inline;\">822 </div>\n<div class=\"t s2_175\" id=\"tx_175\" style=\"left:65px;bottom:850px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Hip Implants </div><div class=\"t s5_175\" id=\"ty_175\" style=\"left:663px;bottom:850px;letter-spacing:-0.06px;display:inline;\">584 </div><div class=\"t s2_175\" id=\"tz_175\" style=\"left:752px;bottom:850px;letter-spacing:-0.53px;display:inline;\">612 </div><div class=\"t s2_175\" id=\"t10_175\" style=\"left:838px;bottom:850px;letter-spacing:-0.28px;display:inline;\">567 </div>\n<div class=\"t s2_175\" id=\"t11_175\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Other Reconstruction </div><div class=\"t s5_175\" id=\"t12_175\" style=\"left:672px;bottom:831px;letter-spacing:-0.35px;display:inline;\">87 </div><div class=\"t s2_175\" id=\"t13_175\" style=\"left:760px;bottom:831px;letter-spacing:-0.64px;display:inline;\">92 </div><div class=\"t s2_175\" id=\"t14_175\" style=\"left:846px;bottom:831px;letter-spacing:0.03px;display:inline;\">68 </div>\n<div class=\"t s2_175\" id=\"t15_175\" style=\"left:65px;bottom:813px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities </div><div class=\"t s5_175\" id=\"t16_175\" style=\"left:663px;bottom:813px;letter-spacing:-0.12px;display:inline;\">543 </div><div class=\"t s2_175\" id=\"t17_175\" style=\"left:752px;bottom:813px;letter-spacing:-0.59px;display:inline;\">576 </div><div class=\"t s2_175\" id=\"t18_175\" style=\"left:838px;bottom:813px;letter-spacing:0.03px;display:inline;\">460 </div>\n<div class=\"t s2_175\" id=\"t19_175\" style=\"left:65px;bottom:794px;letter-spacing:0.25px;display:inline;\">Orthopaedics </div><div class=\"t s5_175\" id=\"t1a_175\" style=\"left:652px;bottom:794px;letter-spacing:-0.17px;display:inline;\">2,113 </div><div class=\"t s2_175\" id=\"t1b_175\" style=\"left:742px;bottom:794px;letter-spacing:-0.27px;display:inline;\">2,156 </div><div class=\"t s2_175\" id=\"t1c_175\" style=\"left:829px;bottom:794px;letter-spacing:-0.53px;display:inline;\">1,917 </div>\n<div class=\"t s2_175\" id=\"t1d_175\" style=\"left:65px;bottom:776px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine Joint Repair </div><div class=\"t s5_175\" id=\"t1e_175\" style=\"left:664px;bottom:776px;letter-spacing:-0.36px;display:inline;\">870 </div><div class=\"t s2_175\" id=\"t1f_175\" style=\"left:752px;bottom:776px;letter-spacing:-0.18px;display:inline;\">839 </div><div class=\"t s2_175\" id=\"t1g_175\" style=\"left:839px;bottom:776px;letter-spacing:-0.56px;display:inline;\">710 </div>\n<div class=\"t s2_175\" id=\"t1h_175\" style=\"left:65px;bottom:757px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Arthroscopic Enabling Technologies </div><div class=\"t s5_175\" id=\"t1i_175\" style=\"left:664px;bottom:757px;letter-spacing:-0.34px;display:inline;\">567 </div><div class=\"t s2_175\" id=\"t1j_175\" style=\"left:752px;bottom:757px;letter-spacing:-0.23px;display:inline;\">590 </div><div class=\"t s2_175\" id=\"t1k_175\" style=\"left:840px;bottom:757px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s2_175\" id=\"t1l_175\" style=\"left:65px;bottom:739px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">ENT (Ear, Nose and Throat) </div><div class=\"t s5_175\" id=\"t1m_175\" style=\"left:663px;bottom:739px;letter-spacing:-0.31px;display:inline;\">153 </div><div class=\"t s2_175\" id=\"t1n_175\" style=\"left:752px;bottom:739px;letter-spacing:-0.39px;display:inline;\">131 </div><div class=\"t s2_175\" id=\"t1o_175\" style=\"left:838px;bottom:739px;letter-spacing:-0.28px;display:inline;\">106 </div>\n<div class=\"t s2_175\" id=\"t1p_175\" style=\"left:65px;bottom:721px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t1q_175\" style=\"left:651px;bottom:721px;letter-spacing:0.03px;display:inline;\">1,590 </div><div class=\"t s2_175\" id=\"t1r_175\" style=\"left:741px;bottom:721px;letter-spacing:-0.03px;display:inline;\">1,560 </div><div class=\"t s2_175\" id=\"t1s_175\" style=\"left:828px;bottom:721px;letter-spacing:-0.08px;display:inline;\">1,333 </div>\n<div class=\"t s2_175\" id=\"t1t_175\" style=\"left:65px;bottom:702px;letter-spacing:0.14px;word-spacing:-0.08px;display:inline;\">Advanced Wound Care </div><div class=\"t s5_175\" id=\"t1u_175\" style=\"left:664px;bottom:702px;letter-spacing:-0.4px;display:inline;\">712 </div><div class=\"t s2_175\" id=\"t1v_175\" style=\"left:752px;bottom:702px;letter-spacing:-0.42px;display:inline;\">731 </div><div class=\"t s2_175\" id=\"t1w_175\" style=\"left:838px;bottom:702px;letter-spacing:-0.27px;display:inline;\">647 </div>\n<div class=\"t s2_175\" id=\"t1x_175\" style=\"left:65px;bottom:684px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Advanced Wound Bioactives </div><div class=\"t s5_175\" id=\"t1y_175\" style=\"left:664px;bottom:684px;letter-spacing:-0.39px;display:inline;\">520 </div><div class=\"t s2_175\" id=\"t1z_175\" style=\"left:752px;bottom:684px;letter-spacing:-0.17px;display:inline;\">496 </div><div class=\"t s2_175\" id=\"t20_175\" style=\"left:839px;bottom:684px;letter-spacing:-0.45px;display:inline;\">431 </div>\n<div class=\"t s2_175\" id=\"t21_175\" style=\"left:65px;bottom:665px;letter-spacing:0.15px;word-spacing:-0.09px;display:inline;\">Advanced Wound Devices </div><div class=\"t s5_175\" id=\"t22_175\" style=\"left:663px;bottom:665px;letter-spacing:-0.11px;display:inline;\">280 </div><div class=\"t s2_175\" id=\"t23_175\" style=\"left:752px;bottom:665px;letter-spacing:-0.41px;display:inline;\">269 </div><div class=\"t s2_175\" id=\"t24_175\" style=\"left:839px;bottom:665px;letter-spacing:-0.37px;display:inline;\">232 </div>\n<div class=\"t s2_175\" id=\"t25_175\" style=\"left:65px;bottom:647px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t26_175\" style=\"left:652px;bottom:647px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t27_175\" style=\"left:741px;bottom:647px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t28_175\" style=\"left:828px;bottom:647px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t29_175\" style=\"left:65px;bottom:628px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Consolidated revenue from continuing operations </div><div class=\"t s5_175\" id=\"t2a_175\" style=\"left:652px;bottom:628px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t2b_175\" style=\"left:742px;bottom:628px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t2c_175\" style=\"left:827px;bottom:628px;display:inline;\">4,560 </div>\n<div class=\"t s2_175\" id=\"t2d_175\" style=\"left:65px;bottom:600px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The following table shows the disaggregation of Group revenue by geographic market and product category. The disaggregation of </div>\n<div class=\"t s2_175\" id=\"t2e_175\" style=\"left:65px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">revenue into the two product categories below re\ufb02ects that in general the products in the Advanced Wound Management franchises </div>\n<div class=\"t s2_175\" id=\"t2f_175\" style=\"left:65px;bottom:569px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are sold to wholesalers and intermediaries, while products in the other franchises are sold directly to hospitals, ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2g_175\" style=\"left:65px;bottom:554px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">centers and distributors. The further disaggregation of revenue by Established Markets and Emerging Markets re\ufb02ects that in general our </div>\n<div class=\"t s2_175\" id=\"t2h_175\" style=\"left:65px;bottom:538px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">products are sold through distributors and intermediaries in the Emerging Markets while in the Established Markets, with the exception </div>\n<div class=\"t s2_175\" id=\"t2i_175\" style=\"left:65px;bottom:523px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">of the Advanced Wound Care and Bioactives product franchises, products are in general sold direct to hospitals and ambulatory surgery </div>\n<div class=\"t s2_175\" id=\"t2j_175\" style=\"left:65px;bottom:508px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">centers. The disaggregation by Established Markets and Emerging Markets also re\ufb02ects their di\ufb00ering economic factors including </div>\n<div class=\"t s2_175\" id=\"t2k_175\" style=\"left:65px;bottom:493px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">volatility in growth and outlook. </div>\n<div class=\"t s3_175\" id=\"t2l_175\" style=\"left:449px;bottom:470px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_175\" id=\"t2m_175\" style=\"left:640px;bottom:470px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_175\" id=\"t2n_175\" style=\"left:835px;bottom:470px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s3_175\" id=\"t2o_175\" style=\"left:302px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2p_175\" style=\"left:319px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2q_175\" style=\"left:360px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2r_175\" style=\"left:373px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2s_175\" style=\"left:379px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2t_175\" style=\"left:451px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t2u_175\" style=\"left:492px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t2v_175\" style=\"left:510px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t2w_175\" style=\"left:550px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t2x_175\" style=\"left:564px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t2y_175\" style=\"left:570px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t2z_175\" style=\"left:641px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t30_175\" style=\"left:683px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Established </div>\n<div class=\"t s3_175\" id=\"t31_175\" style=\"left:700px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div>\n<div class=\"t s6_175\" id=\"t32_175\" style=\"left:741px;bottom:447px;display:inline;\">1 </div>\n<div class=\"t s3_175\" id=\"t33_175\" style=\"left:754px;bottom:454px;letter-spacing:-0.08px;display:inline;\">Emerging </div>\n<div class=\"t s3_175\" id=\"t34_175\" style=\"left:760px;bottom:442px;letter-spacing:-0.1px;display:inline;\">Markets </div><div class=\"t s3_175\" id=\"t35_175\" style=\"left:836px;bottom:442px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s3_175\" id=\"t36_175\" style=\"left:290px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t37_175\" style=\"left:292px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t38_175\" style=\"left:295px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t39_175\" style=\"left:297px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3a_175\" style=\"left:317px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3b_175\" style=\"left:364px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3c_175\" style=\"left:366px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3d_175\" style=\"left:368px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3e_175\" style=\"left:371px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3f_175\" style=\"left:427px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3g_175\" style=\"left:429px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3h_175\" style=\"left:431px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3i_175\" style=\"left:481px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3j_175\" style=\"left:483px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3k_175\" style=\"left:485px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3l_175\" style=\"left:488px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3m_175\" style=\"left:508px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3n_175\" style=\"left:554px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3o_175\" style=\"left:557px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3p_175\" style=\"left:559px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3q_175\" style=\"left:561px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t3r_175\" style=\"left:617px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3s_175\" style=\"left:620px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3t_175\" style=\"left:622px;bottom:429px;letter-spacing:-0.08px;word-spacing:0.1px;display:inline;\">\u00a0$\u00a0million </div><div class=\"t s3_175\" id=\"t3u_175\" style=\"left:671px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3v_175\" style=\"left:674px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3w_175\" style=\"left:676px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3x_175\" style=\"left:678px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t3y_175\" style=\"left:698px;bottom:429px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_175\" id=\"t3z_175\" style=\"left:745px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t40_175\" style=\"left:747px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t41_175\" style=\"left:750px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t42_175\" style=\"left:752px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s3_175\" id=\"t43_175\" style=\"left:808px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t44_175\" style=\"left:810px;bottom:429px;display:inline;\">\u00a0</div><div class=\"t s3_175\" id=\"t45_175\" style=\"left:813px;bottom:429px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million </div>\n<div class=\"t s2_175\" id=\"t46_175\" style=\"left:65px;bottom:410px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Orthopaedics, Sports Medicine &amp; ENT </div><div class=\"t s5_175\" id=\"t47_175\" style=\"left:322px;bottom:410px;letter-spacing:-0.01px;display:inline;\">2,949 </div><div class=\"t s5_175\" id=\"t48_175\" style=\"left:395px;bottom:410px;letter-spacing:-0.25px;display:inline;\">754 </div><div class=\"t s5_175\" id=\"t49_175\" style=\"left:440px;bottom:410px;letter-spacing:-0.25px;display:inline;\">3,703 </div><div class=\"t s2_175\" id=\"t4a_175\" style=\"left:516px;bottom:410px;letter-spacing:-0.24px;display:inline;\">2,969 </div><div class=\"t s2_175\" id=\"t4b_175\" style=\"left:589px;bottom:410px;letter-spacing:-0.96px;display:inline;\">747 </div><div class=\"t s2_175\" id=\"t4c_175\" style=\"left:634px;bottom:410px;letter-spacing:-0.41px;display:inline;\">3,716 </div><div class=\"t s2_175\" id=\"t4d_175\" style=\"left:708px;bottom:410px;letter-spacing:-0.39px;display:inline;\">2,619 </div><div class=\"t s2_175\" id=\"t4e_175\" style=\"left:778px;bottom:410px;letter-spacing:-0.41px;display:inline;\">631 </div><div class=\"t s2_175\" id=\"t4f_175\" style=\"left:828px;bottom:410px;letter-spacing:-0.06px;display:inline;\">3,250 </div>\n<div class=\"t s2_175\" id=\"t4g_175\" style=\"left:65px;bottom:391px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s5_175\" id=\"t4h_175\" style=\"left:323px;bottom:391px;letter-spacing:-0.15px;display:inline;\">1,319 </div><div class=\"t s5_175\" id=\"t4i_175\" style=\"left:395px;bottom:391px;letter-spacing:-0.43px;display:inline;\">193 </div><div class=\"t s5_175\" id=\"t4j_175\" style=\"left:440px;bottom:391px;letter-spacing:-0.18px;display:inline;\">1,512 </div><div class=\"t s2_175\" id=\"t4k_175\" style=\"left:516px;bottom:391px;letter-spacing:-0.23px;display:inline;\">1,327 </div><div class=\"t s2_175\" id=\"t4l_175\" style=\"left:588px;bottom:391px;letter-spacing:-0.52px;display:inline;\">169 </div><div class=\"t s2_175\" id=\"t4m_175\" style=\"left:633px;bottom:391px;letter-spacing:-0.14px;display:inline;\">1,496 </div><div class=\"t s2_175\" id=\"t4n_175\" style=\"left:708px;bottom:391px;letter-spacing:-0.51px;display:inline;\">1,170 </div><div class=\"t s2_175\" id=\"t4o_175\" style=\"left:778px;bottom:391px;letter-spacing:-0.3px;display:inline;\">140 </div><div class=\"t s2_175\" id=\"t4p_175\" style=\"left:828px;bottom:391px;letter-spacing:-0.27px;display:inline;\">1,310 </div>\n<div class=\"t s4_175\" id=\"t4q_175\" style=\"left:65px;bottom:373px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t s5_175\" id=\"t4r_175\" style=\"left:322px;bottom:373px;letter-spacing:-0.03px;display:inline;\">4,268 </div><div class=\"t s5_175\" id=\"t4s_175\" style=\"left:395px;bottom:373px;letter-spacing:-0.35px;display:inline;\">947 </div><div class=\"t s5_175\" id=\"t4t_175\" style=\"left:440px;bottom:373px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s2_175\" id=\"t4u_175\" style=\"left:516px;bottom:373px;letter-spacing:-0.05px;display:inline;\">4,296 </div><div class=\"t s2_175\" id=\"t4v_175\" style=\"left:588px;bottom:373px;letter-spacing:-0.67px;display:inline;\">916 </div><div class=\"t s2_175\" id=\"t4w_175\" style=\"left:633px;bottom:373px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s2_175\" id=\"t4x_175\" style=\"left:707px;bottom:373px;letter-spacing:-0.26px;display:inline;\">3,789 </div><div class=\"t s2_175\" id=\"t4y_175\" style=\"left:778px;bottom:373px;letter-spacing:-0.3px;display:inline;\">771 </div><div class=\"t s2_175\" id=\"t4z_175\" style=\"left:827px;bottom:373px;display:inline;\">4,560 </div>\n<div class=\"t s7_175\" id=\"t50_175\" style=\"left:65px;bottom:349px;display:inline;\">1 </div><div class=\"t s7_175\" id=\"t51_175\" style=\"left:78px;bottom:349px;letter-spacing:0.16px;word-spacing:-0.17px;display:inline;\">Established Markets comprises the US, Australia, Canada, Europe, Japan and New Zealand. </div>\n<div class=\"t s2_175\" id=\"t52_175\" style=\"left:65px;bottom:323px;letter-spacing:-0.24px;word-spacing:0.14px;display:inline;\">US revenue for 2022 was $2,764m (2021: $2,658m, 2020: $2,339m), China revenue for 2022 was $319m (2021: $352m, 2020: $318m) </div>\n<div class=\"t s2_175\" id=\"t53_175\" style=\"left:65px;bottom:308px;letter-spacing:-0.09px;word-spacing:0.14px;display:inline;\">and\u00a0UK revenue for 2022 was $186m (2021: $189m, 2020: $166m). </div>\n<div class=\"t s8_175\" id=\"t54_175\" style=\"left:831px;bottom:11px;letter-spacing:-1.44px;display:inline;\">173 </div><div class=\"t s9_175\" id=\"t55_175\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_175\" id=\"t56_175\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_175\" id=\"t57_175\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_175\" id=\"t58_175\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_175\" id=\"t59_175\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_175\" id=\"t5a_175\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_176\" id=\"t1_176\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_176\" id=\"t2_176\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_176\" id=\"t3_176\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_176\" id=\"t4_176\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_176\" id=\"t5_176\" style=\"left:43px;bottom:956px;display:inline;\">2 </div><div class=\"t s6_176\" id=\"t6_176\" style=\"left:56px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Business segment information </div><div class=\"t s7_176\" id=\"t7_176\" style=\"left:266px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_176\" id=\"t8_176\" style=\"left:43px;bottom:938px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Contract assets and liabilities </div>\n<div class=\"t s9_176\" id=\"t9_176\" style=\"left:43px;bottom:921px;word-spacing:-0.11px;display:inline;\">The nature of our products and services do not generally give rise to contract assets as we do not typically incur costs to ful\ufb01l a contract </div>\n<div class=\"t s9_176\" id=\"ta_176\" style=\"left:43px;bottom:906px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">before a product or service is provided to the customer. The Group generally satis\ufb01es performance obligations within one year from </div>\n<div class=\"t s9_176\" id=\"tb_176\" style=\"left:43px;bottom:890px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the contract inception date. There was no material revenue recognised in the current reporting period that related to carried-forward </div>\n<div class=\"t s9_176\" id=\"tc_176\" style=\"left:43px;bottom:875px;letter-spacing:-0.04px;word-spacing:-0.08px;display:inline;\">contract liabilities (deferred income) or performance obligations satis\ufb01ed in the previous year. There is no material revenue that is likely to </div>\n<div class=\"t s9_176\" id=\"td_176\" style=\"left:43px;bottom:860px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">arise in future periods from unsatis\ufb01ed performance obligations at the balance sheet date. Therefore, there are no associated signi\ufb01cant </div>\n<div class=\"t s9_176\" id=\"te_176\" style=\"left:43px;bottom:845px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">accrued income and deferred income balances at 31 December 2022. As of 31 December 2022, contract assets principally comprise </div>\n<div class=\"t s9_176\" id=\"tf_176\" style=\"left:43px;bottom:829px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">trade receivables and contract liabilities principally comprise rebates (as described in the accounting policy above). The accrual for </div>\n<div class=\"t s9_176\" id=\"tg_176\" style=\"left:43px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">rebates at 31 December 2022 was $103m (2021: $97m) with $369m being recognised in revenue in 2022. </div>\n<div class=\"t s8_176\" id=\"th_176\" style=\"left:43px;bottom:790px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Major customers </div>\nNo single customer generates revenue greater than 10% of the consolidated revenue.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21097": {
   "value": "<div class=\"t sa_174\" id=\"ta_174\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sb_174\" id=\"tb_174\" style=\"left:53px;bottom:893px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Revenue is recognised as the performance obligations to deliver products or services are satis\ufb01ed and is recorded based on the </div>\n<div class=\"t sb_174\" id=\"tc_174\" style=\"left:53px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount of consideration expected to be received in exchange for satisfying the performance obligations. Revenue is recognised </div>\n<div class=\"t sb_174\" id=\"td_174\" style=\"left:53px;bottom:863px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">primarily when control is transferred to the customer, which is generally when the goods are shipped or delivered in accordance </div>\n<div class=\"t sb_174\" id=\"te_174\" style=\"left:53px;bottom:848px;letter-spacing:0.07px;word-spacing:-0.12px;display:inline;\">with\u00a0the contract terms, with some transfer of services taking place over time. Substantially all performance obligations are ful\ufb01lled </div>\n<div class=\"t sb_174\" id=\"tf_174\" style=\"left:53px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">within one year. There is no signi\ufb01cant revenue associated with the provision of services. Payment terms to our customers are based </div>\n<div class=\"t sb_174\" id=\"tg_174\" style=\"left:53px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">on commercially reasonable terms for the respective markets while also considering a customer\u2019s credit rating. Appropriate provisions </div>\n<div class=\"t sb_174\" id=\"th_174\" style=\"left:53px;bottom:802px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">for returns, trade discounts and rebates are deducted from revenue. Rebates primarily comprise chargebacks and other discounts </div>\n<div class=\"t sb_174\" id=\"ti_174\" style=\"left:53px;bottom:786px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">granted to certain customers. Chargebacks are discounts that occur when a third-party purchases product from a wholesaler at </div>\n<div class=\"t sb_174\" id=\"tj_174\" style=\"left:53px;bottom:771px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">its agreed price plus a mark-up. The wholesaler in turn charges the Group for the di\ufb00erence between the price initially paid by the </div>\n<div class=\"t sb_174\" id=\"tk_174\" style=\"left:53px;bottom:756px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">wholesaler and the agreed price. The provision for chargebacks is based on expected sell-through levels by the Group\u2019s wholesalers </div>\n<div class=\"t sb_174\" id=\"tl_174\" style=\"left:53px;bottom:741px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">to\u00a0such customers, as well as estimated wholesaler inventory levels. </div>\n<div class=\"t sc_174\" id=\"tm_174\" style=\"left:53px;bottom:716px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT (Ear, Nose &amp; Throat) </div>\n<div class=\"t sb_174\" id=\"tn_174\" style=\"left:53px;bottom:699px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT consists of the following businesses: Knee Implants, Hip Implants, Other Reconstruction, </div>\n<div class=\"t sb_174\" id=\"to_174\" style=\"left:53px;bottom:683px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies and ENT. Sales of inventory located </div>\n<div class=\"t sb_174\" id=\"tp_174\" style=\"left:53px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">at\u00a0customer premises and available for customers\u2019 immediate use are recognised when noti\ufb01cation is received that the product </div>\n<div class=\"t sb_174\" id=\"tq_174\" style=\"left:53px;bottom:653px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">has been implanted or used. Substantially all other revenue is recognised when control is transferred to the customer, which is </div>\n<div class=\"t sb_174\" id=\"tr_174\" style=\"left:53px;bottom:637px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">generally when the goods are\u00a0shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount </div>\n<div class=\"t sb_174\" id=\"ts_174\" style=\"left:53px;bottom:622px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0consideration expected to\u00a0be received in\u00a0exchange for\u00a0transferring the products or services. </div>\n<div class=\"t sb_174\" id=\"tt_174\" style=\"left:53px;bottom:598px;word-spacing:-0.11px;display:inline;\">In general our business in Established Markets is direct to hospitals and ambulatory surgery centers whereas in the Emerging Markets </div>\n<div class=\"t sb_174\" id=\"tu_174\" style=\"left:53px;bottom:583px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">we\u00a0generally sell through distributors. </div>\n<div class=\"t sc_174\" id=\"tv_174\" style=\"left:53px;bottom:558px;letter-spacing:0.12px;word-spacing:-0.05px;display:inline;\">Advanced Wound Management </div>\n<div class=\"t sb_174\" id=\"tw_174\" style=\"left:53px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Advanced Wound Management consists of the following businesses: Advanced Wound Care, Advanced Wound Bioactives and </div>\n<div class=\"t sb_174\" id=\"tx_174\" style=\"left:53px;bottom:526px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Advanced Wound Devices. Substantially all revenue is recognised when control is transferred to the customer, which is generally </div>\n<div class=\"t sb_174\" id=\"ty_174\" style=\"left:53px;bottom:510px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">when the goods are shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount of </div>\n<div class=\"t sb_174\" id=\"tz_174\" style=\"left:53px;bottom:495px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration expected to be received in exchange for transferring the products or services. Appropriate provisions for returns, </div>\n<div class=\"t sb_174\" id=\"t10_174\" style=\"left:53px;bottom:480px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">trade\u00a0discounts and rebates are deducted from revenue, as explained above. </div>\n<div class=\"t sb_174\" id=\"t11_174\" style=\"left:53px;bottom:456px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">The majority of our Advanced Wound Management business, and in particular products used in community and homecare facilities, </div>\n<div class=\"t sb_174\" id=\"t12_174\" style=\"left:53px;bottom:441px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">is\u00a0through wholesalers and distributors. When control is transferred to a wholesaler or distributor, revenue is recognised accordingly. </div>\n<div class=\"t sb_174\" id=\"t13_174\" style=\"left:53px;bottom:425px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The proportion of sales direct to hospitals is higher in our Advanced Wound Devices business in Established Markets. </div><div class=\"t sb_177\" id=\"t1q_177\" style=\"left:74px;bottom:458px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_177\" id=\"t1r_177\" style=\"left:74px;bottom:440px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Research and development </div>\n<div class=\"t sd_177\" id=\"t1s_177\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Research expenditure is expensed as incurred. Internal development expenditure is only capitalised if the recognition criteria in </div>\n<div class=\"t sd_177\" id=\"t1t_177\" style=\"left:74px;bottom:407px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">IAS\u00a038 </div><div class=\"t se_177\" id=\"t1u_177\" style=\"left:116px;bottom:407px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible Assets </div><div class=\"t sd_177\" id=\"t1v_177\" style=\"left:215px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">have been satis\ufb01ed. The Group considers that the regulatory, technical and market uncertainties inherent </div>\n<div class=\"t sd_177\" id=\"t1w_177\" style=\"left:74px;bottom:392px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in\u00a0the development of new products mean that in most cases development costs should not be capitalised as intangible assets </div>\n<div class=\"t sd_177\" id=\"t1x_177\" style=\"left:74px;bottom:377px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">until\u00a0products receive approval from the appropriate regulatory body. </div>\n<div class=\"t sd_177\" id=\"t1y_177\" style=\"left:74px;bottom:353px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Payments to third parties for research and development projects are accounted for based on the substance of the arrangement. </div>\n<div class=\"t sd_177\" id=\"t1z_177\" style=\"left:74px;bottom:337px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">If the\u00a0arrangement represents outsourced research and development activities the payments are generally expensed except </div>\n<div class=\"t sd_177\" id=\"t20_177\" style=\"left:74px;bottom:322px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in limited circumstances where the respective development expenditure would be capitalised under the principles established </div>\n<div class=\"t sd_177\" id=\"t21_177\" style=\"left:74px;bottom:307px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0IAS\u00a038.\u00a0By contrast, the payments are capitalised if\u00a0the\u00a0arrangement represents consideration for the acquisition of intellectual </div>\n<div class=\"t sd_177\" id=\"t22_177\" style=\"left:74px;bottom:292px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">property developed at the risk of the third party. </div>\n<div class=\"t sd_177\" id=\"t23_177\" style=\"left:74px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Capitalised development expenditures are amortised on a straight-line basis over their useful economic lives from product launch. </div>\n<div class=\"t sc_177\" id=\"t24_177\" style=\"left:74px;bottom:243px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Advertising costs </div>\n<div class=\"t sd_177\" id=\"t25_177\" style=\"left:74px;bottom:226px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Advertising costs are expensed as incurred. </div><div class=\"t s7_180\" id=\"t7_180\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_180\" id=\"t8_180\" style=\"left:53px;bottom:911px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The charge for current taxation is based on the results for the year as adjusted for items which are non-assessable or non-deductible. </div>\n<div class=\"t s8_180\" id=\"t9_180\" style=\"left:53px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">It is calculated using tax rates that have been enacted or substantively enacted as at the balance sheet date. </div>\n<div class=\"t s8_180\" id=\"ta_180\" style=\"left:53px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world. At any given time, the Group typically is involved in tax audits </div>\n<div class=\"t s8_180\" id=\"tb_180\" style=\"left:53px;bottom:857px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and other disputes and will have other tax returns potentially subject to audit. Signi\ufb01cant issues may take several years to resolve. </div>\n<div class=\"t s8_180\" id=\"tc_180\" style=\"left:53px;bottom:842px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In estimating the probability and amount of any tax charge, management takes into account the views of internal and external </div>\n<div class=\"t s8_180\" id=\"td_180\" style=\"left:53px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">advisers and updates the amount of tax provision where considered appropriate. The ultimate tax liability may di\ufb00er from the </div>\n<div class=\"t s8_180\" id=\"te_180\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount\u00a0provided depending on factors including interpretations of\u00a0tax law and settlement negotiations. </div>\n<div class=\"t s8_180\" id=\"tf_180\" style=\"left:53px;bottom:787px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred tax is recognised in respect of temporary di\ufb00erences between the carrying amounts of assets and liabilities for \ufb01nancial </div>\n<div class=\"t s8_180\" id=\"tg_180\" style=\"left:53px;bottom:772px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">reporting purposes and the amounts used for taxation purposes. </div>\n<div class=\"t s8_180\" id=\"th_180\" style=\"left:53px;bottom:748px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Deferred tax is not recognised: for temporary di\ufb00erences related to investments in subsidiaries and associates where the Group is </div>\n<div class=\"t s8_180\" id=\"ti_180\" style=\"left:53px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">able to control the timing of the reversal of the temporary di\ufb00erence and it is probable that this will not reverse in the foreseeable </div>\n<div class=\"t s8_180\" id=\"tj_180\" style=\"left:53px;bottom:717px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">future; on the initial recognition of non-deductible goodwill; and on the initial recognition of an asset or liability in a transaction that </div>\n<div class=\"t s8_180\" id=\"tk_180\" style=\"left:53px;bottom:702px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">is\u00a0not a business combination and that, at the time of the transaction, does not a\ufb00ect the accounting or taxable pro\ufb01t. </div>\n<div class=\"t s8_180\" id=\"tl_180\" style=\"left:53px;bottom:678px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets are recognised to the extent that it is probable that future taxable pro\ufb01ts will be available against which they </div>\n<div class=\"t s8_180\" id=\"tm_180\" style=\"left:53px;bottom:663px;word-spacing:-0.11px;display:inline;\">can\u00a0be used. Deferred tax assets are reviewed at each reporting date taking into account the recoverability of the deferred tax assets, </div>\n<div class=\"t s8_180\" id=\"tn_180\" style=\"left:53px;bottom:648px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability and any restrictions on use. The Group considers available evidence to assess future pro\ufb01tability over a reasonably </div>\n<div class=\"t s8_180\" id=\"to_180\" style=\"left:53px;bottom:632px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">foreseeable time period, depending on the circumstances and typically a minimum of \ufb01ve years. Any material unrecognised deferred </div>\n<div class=\"t s8_180\" id=\"tp_180\" style=\"left:53px;bottom:617px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">tax assets are disclosed in Note 5.2. </div>\n<div class=\"t s8_180\" id=\"tq_180\" style=\"left:53px;bottom:593px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Deferred tax is measured on an undiscounted basis, and at the tax rates that have been enacted or substantively enacted as at the </div>\n<div class=\"t s8_180\" id=\"tr_180\" style=\"left:53px;bottom:578px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">balance sheet date that are expected to apply in the periods in which the asset or liability is settled. It is recognised in the income </div>\n<div class=\"t s8_180\" id=\"ts_180\" style=\"left:53px;bottom:563px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">statement except when it relates to items credited or charged directly to other comprehensive income or equity, in which case </div>\n<div class=\"t s8_180\" id=\"tt_180\" style=\"left:53px;bottom:547px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0deferred tax is also recognised within other comprehensive income or equity respectively. </div>\n<div class=\"t s8_180\" id=\"tu_180\" style=\"left:53px;bottom:523px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets and liabilities are o\ufb00set when they relate to income taxes levied by the same taxation authority, the Group </div>\n<div class=\"t s8_180\" id=\"tv_180\" style=\"left:53px;bottom:508px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">intends to settle its current tax assets and liabilities on a net basis, o\ufb00set is permissible according to the relevant jurisdiction\u2019s </div>\n<div class=\"t s8_180\" id=\"tw_180\" style=\"left:53px;bottom:493px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">tax\u00a0laws and that authority permits the Group to make a single net payment. </div><div class=\"t s4_183\" id=\"th_183\" style=\"left:74px;bottom:680px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s5_183\" id=\"ti_183\" style=\"left:74px;bottom:662px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Earnings per share </div>\n<div class=\"t s6_183\" id=\"tj_183\" style=\"left:74px;bottom:644px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Basic earnings per share is calculated by dividing the pro\ufb01t attributable to equity holders by the weighted average number of </div>\n<div class=\"t s6_183\" id=\"tk_183\" style=\"left:74px;bottom:629px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">ordinary\u00a0shares in\u00a0issue during the year, excluding shares held by the Company in the Employees\u2019 Share Trust or as treasury shares. </div>\n<div class=\"t s5_183\" id=\"tl_183\" style=\"left:74px;bottom:604px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Diluted earnings per share </div>\n<div class=\"t s6_183\" id=\"tm_183\" style=\"left:74px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Diluted earnings per share is calculated by adjusting the basic earnings per share for the e\ufb00ect of conversion to ordinary shares </div>\n<div class=\"t s6_183\" id=\"tn_183\" style=\"left:74px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">associated with\u00a0dilutive potential ordinary shares, which comprise share options and awards granted to employees. </div>\n<div class=\"t s5_183\" id=\"to_183\" style=\"left:74px;bottom:547px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Adjusted earnings per share </div>\n<div class=\"t s6_183\" id=\"tp_183\" style=\"left:74px;bottom:530px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted earnings per share (or adjusted basic earnings per share) is a trend measure which presents the long-term pro\ufb01tability </div>\n<div class=\"t s6_183\" id=\"tq_183\" style=\"left:74px;bottom:514px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0the Group excluding the impact of speci\ufb01c transactions that management considers a\ufb00ects the Group\u2019s short-term pro\ufb01tability. </div>\n<div class=\"t s6_183\" id=\"tr_183\" style=\"left:74px;bottom:499px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group presents this measure to assist investors in their understanding of trends. Adjusted attributable pro\ufb01t is the numerator </div>\n<div class=\"t s6_183\" id=\"ts_183\" style=\"left:74px;bottom:484px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">used for this measure. The Group has identi\ufb01ed the following items as those to be excluded when arriving at adjusted attributable </div>\n<div class=\"t s6_183\" id=\"tt_183\" style=\"left:74px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">pro\ufb01t: acquisition and disposal-related items including amortisation and impairment of acquisition intangible assets; signi\ufb01cant </div>\n<div class=\"t s6_183\" id=\"tu_183\" style=\"left:74px;bottom:453px;letter-spacing:-0.07px;word-spacing:-0.11px;display:inline;\">restructuring programmes; signi\ufb01cant gains and losses arising from legal disputes and other signi\ufb01cant items (including UK tax litigation) </div>\n<div class=\"t s6_183\" id=\"tv_183\" style=\"left:74px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and taxation thereon. Adjusted diluted earnings per share is calculated by adjusting the adjusted basic earnings per share for the </div>\n<div class=\"t s6_183\" id=\"tw_183\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">e\ufb00ect of conversion to ordinary shares associated with dilutive potential ordinary shares, which comprise share options and awards </div>\n<div class=\"t s6_183\" id=\"tx_183\" style=\"left:74px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">granted to employees. </div><div class=\"t s3_185\" id=\"t3_185\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_185\" id=\"t4_185\" style=\"left:74px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s4_185\" id=\"t5_185\" style=\"left:74px;bottom:893px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Owned assets </div>\n<div class=\"t s5_185\" id=\"t6_185\" style=\"left:74px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Items of property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. </div>\n<div class=\"t s5_185\" id=\"t7_185\" style=\"left:74px;bottom:851px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Depreciation is calculated to write o\ufb00 the cost of items of property, plant and equipment less their estimated residual values using </div>\n<div class=\"t s5_185\" id=\"t8_185\" style=\"left:74px;bottom:836px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0straight-line method over their estimated useful lives, and is ultimately recognised in pro\ufb01t or loss. Leased assets are depreciated </div>\n<div class=\"t s5_185\" id=\"t9_185\" style=\"left:74px;bottom:821px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end </div>\n<div class=\"t s5_185\" id=\"ta_185\" style=\"left:74px;bottom:806px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of the lease term. Freehold land is not depreciated. The estimated useful lives of items of property, plant and equipment is 3\u201320 years </div>\n<div class=\"t s5_185\" id=\"tb_185\" style=\"left:74px;bottom:790px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">and for buildings is 20\u201350 years. </div>\n<div class=\"t s5_185\" id=\"tc_185\" style=\"left:74px;bottom:766px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Assets in course of construction are not depreciated until they are available for use. </div>\n<div class=\"t s5_185\" id=\"td_185\" style=\"left:74px;bottom:742px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. </div>\n<div class=\"t s5_185\" id=\"te_185\" style=\"left:74px;bottom:718px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Finance costs relating to the purchase or construction of property, plant and equipment and intangible assets that take longer than </div>\n<div class=\"t s5_185\" id=\"tf_185\" style=\"left:74px;bottom:703px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">one year to complete are capitalised based on the Group weighted average borrowing costs. All other \ufb01nance costs are expensed </div>\n<div class=\"t s5_185\" id=\"tg_185\" style=\"left:74px;bottom:688px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">as incurred. </div>\n<div class=\"t s4_185\" id=\"th_185\" style=\"left:74px;bottom:663px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Leased assets </div>\n<div class=\"t s5_185\" id=\"ti_185\" style=\"left:74px;bottom:646px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The assessment of whether a contract is or contains a lease takes place at the inception of the contract. The assessment involves </div>\n<div class=\"t s5_185\" id=\"tj_185\" style=\"left:74px;bottom:631px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">whether the Group obtains substantially all the economic bene\ufb01ts from the use of that asset and whether the Group has the right </div>\n<div class=\"t s5_185\" id=\"tk_185\" style=\"left:74px;bottom:615px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to direct the use of the asset. The Group allocates the consideration in the contract to each lease and non-lease component. </div>\n<div class=\"t s5_185\" id=\"tl_185\" style=\"left:74px;bottom:600px;letter-spacing:0.15px;display:inline;\">The </div><div class=\"t s5_185\" id=\"tm_185\" style=\"left:99px;bottom:600px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">\u00a0non-lease component, where it is separately identi\ufb01able, is not included in the right-of-use asset. </div>\n<div class=\"t s5_185\" id=\"tn_185\" style=\"left:74px;bottom:576px;word-spacing:-0.1px;display:inline;\">The Group leases many assets including properties, motor vehicles and o\ufb03ce equipment. The Group availed itself of the exemptions </div>\n<div class=\"t s5_185\" id=\"to_185\" style=\"left:74px;bottom:561px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">for short-term leases and leases of low-value items for leases other than those for properties and motor vehicles. The use of these </div>\n<div class=\"t s5_185\" id=\"tp_185\" style=\"left:74px;bottom:546px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">exemptions does not have a material impact. The Group recognises a right-of-use asset and a lease liability at the commencement </div>\n<div class=\"t s5_185\" id=\"tq_185\" style=\"left:74px;bottom:530px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of the lease. The right-of-use asset is initially measured based on the present value of lease payments that are not paid at the </div>\n<div class=\"t s5_185\" id=\"tr_185\" style=\"left:74px;bottom:515px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">commencement date plus initial direct costs less any incentives received. The lease payments are discounted using an incremental </div>\n<div class=\"t s5_185\" id=\"ts_185\" style=\"left:74px;bottom:500px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">borrowing rate which is country-speci\ufb01c and re\ufb02ective of the lease term. The right-of-use asset is depreciated over the shorter </div>\n<div class=\"t s5_185\" id=\"tt_185\" style=\"left:74px;bottom:484px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0the\u00a0lease term or the useful life of the underlying asset. </div>\n<div class=\"t s5_185\" id=\"tu_185\" style=\"left:74px;bottom:460px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ows arising on lease interest payments are included in operating cash \ufb02ows whereas cash \ufb02ows arising on the capital </div>\n<div class=\"t s5_185\" id=\"tv_185\" style=\"left:74px;bottom:445px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">repayments of the lease liability are included in \ufb01nancing cash \ufb02ows. </div>\n<div class=\"t s4_185\" id=\"tw_185\" style=\"left:74px;bottom:421px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of assets </div>\n<div class=\"t s5_185\" id=\"tx_185\" style=\"left:74px;bottom:403px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances </div>\n<div class=\"t s5_185\" id=\"ty_185\" style=\"left:74px;bottom:388px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">indicate the carrying value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order </div>\n<div class=\"t s5_185\" id=\"tz_185\" style=\"left:74px;bottom:373px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to determine the extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, </div>\n<div class=\"t s5_185\" id=\"t10_185\" style=\"left:74px;bottom:357px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0Group estimates the recoverable amount of the cash-generating unit to which it belongs. </div>\n<div class=\"t s5_185\" id=\"t11_185\" style=\"left:74px;bottom:333px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">An asset\u2019s recoverable amount is the higher of an asset\u2019s or cash-generating unit\u2019s fair value less costs to sell and its value-in-use. </div>\n<div class=\"t s5_185\" id=\"t12_185\" style=\"left:74px;bottom:318px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using a pre-tax discount rate that re\ufb02ects </div>\n<div class=\"t s5_185\" id=\"t13_185\" style=\"left:74px;bottom:303px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0current market assessment of the time value of money and the risks speci\ufb01c to the asset. </div><div class=\"t s3_187\" id=\"t3_187\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_187\" id=\"t4_187\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Goodwill is not amortised but is reviewed for impairment annually. Goodwill is allocated to the cash-generating unit (CGU) that is </div>\n<div class=\"t s4_187\" id=\"t5_187\" style=\"left:74px;bottom:896px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">expected to bene\ufb01t from the acquisition. The goodwill is tested annually for impairment by comparing the recoverable amount to </div>\n<div class=\"t s4_187\" id=\"t6_187\" style=\"left:74px;bottom:881px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">the\u00a0carrying value of the CGUs. The CGUs identi\ufb01ed by management are at the aggregated product franchise levels of Orthopaedics, </div>\n<div class=\"t s4_187\" id=\"t7_187\" style=\"left:74px;bottom:866px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Sports Medicine &amp; ENT and Advanced Wound Management, in the way the core assets are used to generate cash \ufb02ows. </div>\n<div class=\"t s4_187\" id=\"t8_187\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the recoverable amount of the CGU is less than its carrying amount then an impairment loss is determined to have occurred. </div>\n<div class=\"t s4_187\" id=\"t9_187\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Any impairment losses that arise are recognised immediately in the income statement and are allocated \ufb01rst to reduce the </div>\n<div class=\"t s4_187\" id=\"ta_187\" style=\"left:74px;bottom:811px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">carrying\u00a0amount of goodwill and then to the carrying amounts of the other assets of the CGU. </div>\n<div class=\"t s4_187\" id=\"tb_187\" style=\"left:74px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of goodwill, a number of signi\ufb01cant assumptions have to be made when preparing cash \ufb02ow </div>\n<div class=\"t s4_187\" id=\"tc_187\" style=\"left:74px;bottom:772px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, the </div>\n<div class=\"t s4_187\" id=\"td_187\" style=\"left:74px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s4_187\" id=\"te_187\" style=\"left:74px;bottom:741px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s4_187\" id=\"tf_187\" style=\"left:74px;bottom:726px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact\u00a0operating results. </div><div class=\"t s3_189\" id=\"t3_189\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_189\" id=\"t4_189\" style=\"left:74px;bottom:911px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible assets </div>\n<div class=\"t s5_189\" id=\"t5_189\" style=\"left:74px;bottom:893px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Intangible assets acquired separately from a business combination (including purchased patents, know-how, trademarks, licences </div>\n<div class=\"t s5_189\" id=\"t6_189\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0distribution rights) are initially measured at cost. The cost of intangible assets acquired in a material business combination </div>\n<div class=\"t s5_189\" id=\"t7_189\" style=\"left:74px;bottom:863px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">(referred to as acquisition intangibles) is the fair value as at the date of acquisition. Following initial recognition, intangible assets are </div>\n<div class=\"t s5_189\" id=\"t8_189\" style=\"left:74px;bottom:848px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">carried at cost less any\u00a0accumulated amortisation and any accumulated impairment losses. All intangible assets are amortised on a </div>\n<div class=\"t s5_189\" id=\"t9_189\" style=\"left:74px;bottom:832px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">straight-line basis over their estimated useful economic lives. The estimated useful economic life of so\ufb05ware ranges between three </div>\n<div class=\"t s5_189\" id=\"ta_189\" style=\"left:74px;bottom:817px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and seven years. The estimated useful economic life of technology assets ranges between 6\u201320 years, product-related assets ranges </div>\n<div class=\"t s5_189\" id=\"tb_189\" style=\"left:74px;bottom:802px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">between 2\u201320 years, and customer and distribution assets ranges between 2\u201314 years. Internally-generated intangible assets are </div>\n<div class=\"t s5_189\" id=\"tc_189\" style=\"left:74px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">expensed in the income statement as incurred. Purchased computer so\ufb05ware and certain costs of information technology projects </div>\n<div class=\"t s5_189\" id=\"td_189\" style=\"left:74px;bottom:771px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">are capitalised as intangible assets. So\ufb05ware that is integral to computer hardware is capitalised as plant and equipment. </div>\n<div class=\"t s4_189\" id=\"te_189\" style=\"left:74px;bottom:747px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Impairment of intangible assets </div>\n<div class=\"t s5_189\" id=\"tf_189\" style=\"left:74px;bottom:729px;word-spacing:-0.11px;display:inline;\">The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying </div>\n<div class=\"t s5_189\" id=\"tg_189\" style=\"left:74px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the </div>\n<div class=\"t s5_189\" id=\"th_189\" style=\"left:74px;bottom:699px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the </div>\n<div class=\"t s5_189\" id=\"ti_189\" style=\"left:74px;bottom:683px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">recoverable amount of the CGU to which it belongs. An asset\u2019s recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less </div>\n<div class=\"t s5_189\" id=\"tj_189\" style=\"left:74px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">costs to sell and its value-in-use. In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using </div>\n<div class=\"t s5_189\" id=\"tk_189\" style=\"left:74px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">a\u00a0pre-tax discount rate that re\ufb02ects the current market assessments of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s5_189\" id=\"tl_189\" style=\"left:74px;bottom:629px;letter-spacing:0.08px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets, a number of signi\ufb01cant assumptions have to be made when preparing cash </div>\n<div class=\"t s5_189\" id=\"tm_189\" style=\"left:74px;bottom:614px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02ow\u00a0projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, </div>\n<div class=\"t s5_189\" id=\"tn_189\" style=\"left:74px;bottom:598px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s5_189\" id=\"to_189\" style=\"left:74px;bottom:583px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or\u00a0changes in expectations should arise, impairment charges may be required which would adversely </div>\n<div class=\"t s5_189\" id=\"tp_189\" style=\"left:74px;bottom:568px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact operating results. </div><div class=\"t s5_191\" id=\"tr_191\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s6_191\" id=\"ts_191\" style=\"left:74px;bottom:694px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Investments, other than those related to associates, are initially recorded at fair value plus any directly attributable transaction costs </div>\n<div class=\"t s6_191\" id=\"tt_191\" style=\"left:74px;bottom:678px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on the trade date. The Group has investments in unquoted entities and an entity that holds mainly unquoted equity securities, which </div>\n<div class=\"t s6_191\" id=\"tu_191\" style=\"left:74px;bottom:663px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by their nature have no \ufb01xed maturity date or coupon rate. These investments are classed as fair value through pro\ufb01t or loss. The fair </div>\n<div class=\"t s6_191\" id=\"tv_191\" style=\"left:74px;bottom:648px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">value of these investments is based on the underlying fair value of the equity securities: marketable securities are valued by reference </div>\n<div class=\"t s6_191\" id=\"tw_191\" style=\"left:74px;bottom:633px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to closing prices in the market; non-marketable securities are estimated considering factors including the purchase price; prices of </div>\n<div class=\"t s6_191\" id=\"tx_191\" style=\"left:74px;bottom:617px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">recent signi\ufb01cant private placements of securities of the same issuer; and estimates of liquidation value. Changes in fair value based </div>\n<div class=\"t s6_191\" id=\"ty_191\" style=\"left:74px;bottom:602px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">on externally observable valuation events are recognised in pro\ufb01t or loss. </div><div class=\"t s5_191\" id=\"t1q_191\" style=\"left:74px;bottom:419px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_191\" id=\"t1r_191\" style=\"left:74px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Investments in associates, being those entities over which the Group has a signi\ufb01cant in\ufb02uence and which is neither a subsidiary </div>\n<div class=\"t s8_191\" id=\"t1s_191\" style=\"left:74px;bottom:386px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">nor\u00a0a\u00a0joint\u00a0venture, are accounted for using the equity method, with the Group recording its share of the associates\u2019 pro\ufb01t and loss </div>\n<div class=\"t s8_191\" id=\"t1t_191\" style=\"left:74px;bottom:371px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and\u00a0other comprehensive income. The Group\u2019s share of associates\u2019 pro\ufb01t or loss is included in one separate income statement line </div>\n<div class=\"t s8_191\" id=\"t1u_191\" style=\"left:74px;bottom:355px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0is\u00a0calculated a\ufb05er\u00a0deduction of their respective taxes. </div>\n<div class=\"t s8_191\" id=\"t1v_191\" style=\"left:74px;bottom:331px;letter-spacing:0.03px;display:inline;\">The carrying amounts of investments in associates are reviewed for impairment as at the balance sheet date. For the purposes of </div>\n<div class=\"t s8_191\" id=\"t1w_191\" style=\"left:74px;bottom:316px;letter-spacing:-0.03px;display:inline;\">impairment testing, the recoverable amounts of these investments would be based on their observable market value. Any impairment </div>\n<div class=\"t s8_191\" id=\"t1x_191\" style=\"left:74px;bottom:301px;letter-spacing:0.03px;display:inline;\">loss is subsequently reversed only to the extent that the recoverable amounts of\u00a0the investments increase. </div><div class=\"t s3_193\" id=\"t3_193\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_193\" id=\"t4_193\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and work-in-progress are valued at factory cost, including appropriate overheads, on a \ufb01rst-in \ufb01rst-out basis. </div>\n<div class=\"t s4_193\" id=\"t5_193\" style=\"left:74px;bottom:896px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">Raw materials and bought-in \ufb01nished goods are valued at purchase price. All inventories are reduced to net realisable value where </div>\n<div class=\"t s4_193\" id=\"t6_193\" style=\"left:74px;bottom:881px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">lower than cost. Inventory acquired as\u00a0part of a business acquisition is valued at selling price less costs to sell and a pro\ufb01t allowance </div>\n<div class=\"t s4_193\" id=\"t7_193\" style=\"left:74px;bottom:866px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">for\u00a0selling e\ufb00orts. </div>\n<div class=\"t s4_193\" id=\"t8_193\" style=\"left:74px;bottom:842px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Orthopaedic instruments are generally not sold but provided to customers and distributors for use in surgery. They are recorded </div>\n<div class=\"t s4_193\" id=\"t9_193\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as inventory until they are deployed at which point they are transferred to plant and equipment and depreciated over their useful </div>\n<div class=\"t s4_193\" id=\"ta_193\" style=\"left:74px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic lives of between three and seven years. </div>\n<div class=\"t s4_193\" id=\"tb_193\" style=\"left:74px;bottom:787px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">A feature of the orthopaedic business is the high level of product inventory required, some of which is located at customer premises </div>\n<div class=\"t s4_193\" id=\"tc_193\" style=\"left:74px;bottom:772px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and is available for customers\u2019 immediate use (referred to as consignment inventory). Complete sets of product, including large and </div>\n<div class=\"t s4_193\" id=\"td_193\" style=\"left:74px;bottom:757px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">small sizes, have to be made available in this way. These outer sizes are used less frequently than standard sizes and towards the </div>\n<div class=\"t s4_193\" id=\"te_193\" style=\"left:74px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">end of the product life cycle are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be </div>\n<div class=\"t s4_193\" id=\"tf_193\" style=\"left:74px;bottom:726px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">made to orthopaedic inventory to anticipate this situation. These adjustments are calculated in accordance with a formula based on </div>\n<div class=\"t s4_193\" id=\"tg_193\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">levels of inventory compared with historical or forecast usage. This formula is applied on an individual product line basis and is \ufb01rst </div>\n<div class=\"t s4_193\" id=\"th_193\" style=\"left:74px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">applied when a product group has been on the market for two years. This method of calculation is considered appropriate based </div>\n<div class=\"t s4_193\" id=\"ti_193\" style=\"left:74px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">on\u00a0experience but it involves management judgements on e\ufb00ectiveness of\u00a0inventory deployment, length of product lives, phase-out </div>\n<div class=\"t s4_193\" id=\"tj_193\" style=\"left:74px;bottom:665px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">of\u00a0old products and e\ufb03ciency of manufacturing planning systems. </div><div class=\"t s7_194\" id=\"t7_194\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_194\" id=\"t8_194\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Trade and other receivables are carried at amortised cost, less any allowances for uncollectable amounts. They are included </div>\n<div class=\"t s8_194\" id=\"t9_194\" style=\"left:53px;bottom:896px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0current\u00a0assets, except for maturities greater than 12 months a\ufb05er the balance sheet date when they are classi\ufb01ed as </div>\n<div class=\"t s8_194\" id=\"ta_194\" style=\"left:53px;bottom:881px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">non-current assets. </div>\n<div class=\"t s8_194\" id=\"tb_194\" style=\"left:53px;bottom:857px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group manages credit risk through credit limits which require authorisation commensurate with the size of the limit and </div>\n<div class=\"t s8_194\" id=\"tc_194\" style=\"left:53px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which are regularly reviewed. Credit limit decisions are made based on available \ufb01nancial information and the business case. </div>\n<div class=\"t s8_194\" id=\"td_194\" style=\"left:53px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Signi\ufb01cant receivables are regularly reviewed and monitored at Group level. The Group has no signi\ufb01cant concentration of credit risk, </div>\n<div class=\"t s8_194\" id=\"te_194\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with exposure spread over a large number of customers and geographies. Furthermore, the Group\u2019s principal customers are backed </div>\n<div class=\"t s8_194\" id=\"tf_194\" style=\"left:53px;bottom:796px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by government and public or private medical insurance funding, which historically represent a lower risk of default. The maximum </div>\n<div class=\"t s8_194\" id=\"tg_194\" style=\"left:53px;bottom:781px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">exposure to credit risk at the reporting date is the fair value of each class of\u00a0receivable. The Group does not hold any collateral as </div>\n<div class=\"t s8_194\" id=\"th_194\" style=\"left:53px;bottom:765px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">security. Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on </div>\n<div class=\"t s8_194\" id=\"ti_194\" style=\"left:53px;bottom:750px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">credit risk. The Group performed the calculation of expected credit loss rates separately for customer groups which were segmented </div>\n<div class=\"t s8_194\" id=\"tj_194\" style=\"left:53px;bottom:735px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">based on common risk characteristics such as credit risk grade and type of customer (such as government and non-government). </div><div class=\"t s3_199\" id=\"t3_199\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_199\" id=\"t4_199\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Derivative \ufb01nancial instruments </div>\n<div class=\"t s5_199\" id=\"t5_199\" style=\"left:74px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Derivative \ufb01nancial instruments are initially recognised at fair value on the date a derivative contract is entered into and are </div>\n<div class=\"t s5_199\" id=\"t6_199\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">subsequently remeasured at their fair value at subsequent balance sheet dates. Changes in the fair value of derivative \ufb01nancial </div>\n<div class=\"t s5_199\" id=\"t7_199\" style=\"left:74px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">instruments that are designated and e\ufb00ective as cash \ufb02ow hedges of forecast third-party transactions are recognised in other </div>\n<div class=\"t s5_199\" id=\"t8_199\" style=\"left:74px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">comprehensive income until the associated asset or liability is recognised. Amounts taken to other comprehensive income are </div>\n<div class=\"t s5_199\" id=\"t9_199\" style=\"left:74px;bottom:832px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">transferred to the income statement in the period in which the hedged transaction a\ufb00ects pro\ufb01t and loss. Where the hedged item </div>\n<div class=\"t s5_199\" id=\"ta_199\" style=\"left:74px;bottom:817px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">is\u00a0the cost of a non-\ufb01nancial asset, the amounts taken to other comprehensive income are transferred to the initial carrying value </div>\n<div class=\"t s5_199\" id=\"tb_199\" style=\"left:74px;bottom:802px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">of\u00a0the asset. </div>\n<div class=\"t s5_199\" id=\"tc_199\" style=\"left:74px;bottom:778px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 9 on 1 January 2018, the Group elected to continue to apply the hedge accounting guidance in IAS 39 </div><div class=\"t s6_199\" id=\"td_199\" style=\"left:790px;bottom:778px;letter-spacing:0.09px;display:inline;\">Financial </div>\n<div class=\"t s6_199\" id=\"te_199\" style=\"left:74px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Instruments: Recognition and Measurement</div><div class=\"t s5_199\" id=\"tf_199\" style=\"left:320px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">. Changes in the fair values of hedging instruments that are designated and e\ufb00ective as </div>\n<div class=\"t s5_199\" id=\"tg_199\" style=\"left:74px;bottom:747px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">net investment hedges are matched in other comprehensive income against changes in value of the related net assets. Interest rate </div>\n<div class=\"t s5_199\" id=\"th_199\" style=\"left:74px;bottom:732px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to \ufb01x interest rates on \ufb02oating rate borrowings are accounted for as cash \ufb02ow hedges and changes in the </div>\n<div class=\"t s5_199\" id=\"ti_199\" style=\"left:74px;bottom:717px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">fair values resulting from changes in market interest rates are recognised in other comprehensive income. Amounts taken to other </div>\n<div class=\"t s5_199\" id=\"tj_199\" style=\"left:74px;bottom:701px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">comprehensive income are transferred to the income statement when the hedged transaction a\ufb00ects pro\ufb01t and loss. Interest rate </div>\n<div class=\"t s5_199\" id=\"tk_199\" style=\"left:74px;bottom:686px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to convert \ufb01xed rate borrowings into \ufb02oating rate borrowings are accounted for as fair value hedges and </div>\n<div class=\"t s5_199\" id=\"tl_199\" style=\"left:74px;bottom:671px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">changes in the fair values resulting from changes in market interest rates are recognised in the income statement. Any ine\ufb00ectiveness </div>\n<div class=\"t s5_199\" id=\"tm_199\" style=\"left:74px;bottom:656px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on hedging instruments and changes in the fair value of derivative \ufb01nancial instruments that do not qualify for hedge accounting </div>\n<div class=\"t s5_199\" id=\"tn_199\" style=\"left:74px;bottom:640px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are\u00a0recognised in the income statement within other\u00a0\ufb01nance costs as they arise. </div>\n<div class=\"t s5_199\" id=\"to_199\" style=\"left:74px;bottom:616px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for </div>\n<div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>\n<div class=\"t s5_199\" id=\"tr_199\" style=\"left:74px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">cumulative gain or loss recognised in other comprehensive income is transferred to the income statement. </div><div class=\"t se_202\" id=\"t2v_202\" style=\"left:53px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\n<div class=\"t sg_202\" id=\"t35_202\" style=\"left:53px;bottom:479px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">the\u00a0change has occurred. </div><div class=\"t s7_206\" id=\"t7_206\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_206\" id=\"t8_206\" style=\"left:53px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">In the normal course of business the Group is involved in various legal disputes. Provisions are made for loss contingencies when it is </div>\n<div class=\"t s8_206\" id=\"t9_206\" style=\"left:53px;bottom:896px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">deemed probable that an adverse outcome will occur and the amount of the losses can be reasonably estimated. Where the Group is </div>\n<div class=\"t s8_206\" id=\"ta_206\" style=\"left:53px;bottom:881px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the plainti\ufb00 in pursuing claims against third parties, legal and associated expenses are charged to the income statement as incurred. </div>\n<div class=\"t s8_206\" id=\"tb_206\" style=\"left:53px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The recognition of provisions for legal disputes is subject to a signi\ufb01cant degree of estimation. In making its estimates, management </div>\n<div class=\"t s8_206\" id=\"tc_206\" style=\"left:53px;bottom:850px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">takes into account the advice of internal and external legal counsel. Provisions are reviewed regularly and amounts updated where </div>\n<div class=\"t s8_206\" id=\"td_206\" style=\"left:53px;bottom:835px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">necessary to re\ufb02ect developments in the disputes. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s8_206\" id=\"te_206\" style=\"left:53px;bottom:820px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings or settlement negotiations or as new facts emerge. Insurance recoveries are recognised when the </div>\n<div class=\"t s8_206\" id=\"tf_206\" style=\"left:53px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">in\ufb02ow of bene\ufb01ts is virtually certain and are presented within other receivables. </div>\n<div class=\"t s8_206\" id=\"tg_206\" style=\"left:53px;bottom:781px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A provision for onerous contracts is recognised when the expected bene\ufb01ts to be derived by the Group from a contract are lower </div>\n<div class=\"t s8_206\" id=\"th_206\" style=\"left:53px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">than\u00a0the unavoidable cost of meeting its obligations under the contract. </div>\n<div class=\"t s8_206\" id=\"ti_206\" style=\"left:53px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">A provision for rationalisation is recognised when the Group has approved a detailed and formal restructuring plan and the </div>\n<div class=\"t s8_206\" id=\"tj_206\" style=\"left:53px;bottom:726px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">restructuring either has commenced or has been announced publicly. Future operating losses are not provided for. </div><div class=\"t s8_208\" id=\"tv_208\" style=\"left:53px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_208\" id=\"tw_208\" style=\"left:53px;bottom:555px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t plans in a number of countries. A de\ufb01ned bene\ufb01t pension plan de\ufb01nes an amount of pension </div>\n<div class=\"t sc_208\" id=\"tx_208\" style=\"left:53px;bottom:539px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">bene\ufb01t that an employee will receive on retirement or a minimum guaranteed return on contributions, which is dependent on various </div>\n<div class=\"t sc_208\" id=\"ty_208\" style=\"left:53px;bottom:524px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">factors such as age, years of service and \ufb01nal salary. The Group\u2019s obligation is calculated separately for each plan by discounting </div>\n<div class=\"t sc_208\" id=\"tz_208\" style=\"left:53px;bottom:509px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the\u00a0estimated future bene\ufb01t that employees have\u00a0earned in return for their service in the current and prior periods. The fair value </div>\n<div class=\"t sc_208\" id=\"t10_208\" style=\"left:53px;bottom:494px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">of\u00a0any plan assets is deducted to arrive at the net liability. </div>\n<div class=\"t sc_208\" id=\"t11_208\" style=\"left:53px;bottom:470px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is performed annually by external actuaries using the projected unit credit method. </div>\n<div class=\"t sc_208\" id=\"t12_208\" style=\"left:53px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Remeasurements arising from de\ufb01ned bene\ufb01t plans comprise actuarial gains and losses and the return on the plan assets in excess </div>\n<div class=\"t sc_208\" id=\"t13_208\" style=\"left:53px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of the discount rate net of the costs of\u00a0managing the plan assets. The Group recognises these immediately in other comprehensive </div>\n<div class=\"t sc_208\" id=\"t14_208\" style=\"left:53px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">income (OCI) and all other expenses, such as service cost, net interest cost, administration costs and taxes, are recognised in the </div>\n<div class=\"t sc_208\" id=\"t15_208\" style=\"left:53px;bottom:409px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">income statement. </div>\n<div class=\"t sc_208\" id=\"t16_208\" style=\"left:53px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of key assumptions are made when calculating the fair value of the Group\u2019s de\ufb01ned bene\ufb01t pension plans. These </div>\n<div class=\"t sc_208\" id=\"t17_208\" style=\"left:53px;bottom:369px;word-spacing:-0.11px;display:inline;\">assumptions impact the balance sheet asset and liabilities, operating pro\ufb01t, \ufb01nance income/costs and other comprehensive income. </div>\n<div class=\"t sc_208\" id=\"t18_208\" style=\"left:53px;bottom:354px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The most critical assumptions are the discount rate, the rate of in\ufb02ation and mortality assumptions to be applied to future pension </div>\n<div class=\"t sc_208\" id=\"t19_208\" style=\"left:53px;bottom:339px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">plan liabilities. The discount rate is based on the yield at the reporting date on bonds that have a credit rating of AA, denominated </div>\n<div class=\"t sc_208\" id=\"t1a_208\" style=\"left:53px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in the currency in which the bene\ufb01ts are expected to be paid and have a maturity pro\ufb01le approximately the same as the\u00a0Group\u2019s </div>\n<div class=\"t sc_208\" id=\"t1b_208\" style=\"left:53px;bottom:308px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">obligations. In determining these assumptions management takes into account the advice of professional external actuaries </div>\n<div class=\"t sc_208\" id=\"t1c_208\" style=\"left:53px;bottom:293px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">and\u00a0benchmarks its assumptions against external data. </div>\n<div class=\"t sc_208\" id=\"t1d_208\" style=\"left:53px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group determines the net interest expense/income on the net de\ufb01ned bene\ufb01t liability/asset for the period by applying the </div>\n<div class=\"t sc_208\" id=\"t1e_208\" style=\"left:53px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">discount rate used to\u00a0measure the de\ufb01ned bene\ufb01t obligation at the beginning of the annual period to the net de\ufb01ned bene\ufb01t </div>\n<div class=\"t sc_208\" id=\"t1f_208\" style=\"left:53px;bottom:238px;letter-spacing:0.09px;display:inline;\">liability/asset. </div>\n<div class=\"t sc_208\" id=\"t1g_208\" style=\"left:53px;bottom:215px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group also operates a number of de\ufb01ned contribution plans. A de\ufb01ned contribution plan is a pension plan under which the </div>\n<div class=\"t sc_208\" id=\"t1h_208\" style=\"left:53px;bottom:199px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0and employees pay \ufb01xed contributions to a third-party \ufb01nancial provider. The Group has no further payment obligations </div>\n<div class=\"t sc_208\" id=\"t1i_208\" style=\"left:53px;bottom:184px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">once\u00a0the contributions have\u00a0been\u00a0paid. Contributions are recognised as an employee bene\ufb01t expense when they are due. </div><div class=\"t s3_215\" id=\"t3_215\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_215\" id=\"t4_215\" style=\"left:74px;bottom:911px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Incremental costs directly attributable to the issue of ordinary shares, net of any tax e\ufb00ects, are recognised as a deduction </div>\n<div class=\"t s4_215\" id=\"t5_215\" style=\"left:74px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">from equity. </div>\n<div class=\"t s4_215\" id=\"t6_215\" style=\"left:74px;bottom:872px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable </div>\n<div class=\"t s4_215\" id=\"t7_215\" style=\"left:74px;bottom:857px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">costs, net of any tax e\ufb00ects, is recognised as a deduction from equity. Repurchased shares are classi\ufb01ed as treasury shares and </div>\n<div class=\"t s4_215\" id=\"t8_215\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are\u00a0presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is </div>\n<div class=\"t s4_215\" id=\"t9_215\" style=\"left:74px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">recognised as an increase in\u00a0equity and the resulting surplus or de\ufb01cit on the transaction is presented within share premium. </div><div class=\"t s8_217\" id=\"t1h_217\" style=\"left:74px;bottom:643px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s9_217\" id=\"t1i_217\" style=\"left:74px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In the Group cash \ufb02ow statement, cash and cash equivalents includes cash at bank, other short-term liquid investments with original </div>\n<div class=\"t s9_217\" id=\"t1j_217\" style=\"left:74px;bottom:611px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">maturities of three months or less and bank overdra\ufb05s. In the Group balance sheet, bank overdra\ufb05s are shown within bank overdra\ufb05s, </div>\n<div class=\"t s9_217\" id=\"t1k_217\" style=\"left:74px;bottom:595px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">borrowings, loans and lease liabilities under current liabilities. </div><div class=\"t s3_219\" id=\"t3_219\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_219\" id=\"t4_219\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group accounts for business combinations using the acquisition method when control is transferred to the Group. </div>\n<div class=\"t s4_219\" id=\"t5_219\" style=\"left:74px;bottom:896px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The consideration transferred in the acquisition is measured at fair value, as are the identi\ufb01able net assets acquired. Any goodwill </div>\n<div class=\"t s4_219\" id=\"t6_219\" style=\"left:74px;bottom:881px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">that\u00a0arises is tested annually for\u00a0impairment. Any gain on a bargain purchase is recognised in pro\ufb01t or loss immediately. </div>\n<div class=\"t s4_219\" id=\"t7_219\" style=\"left:74px;bottom:866px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. </div>\n<div class=\"t s4_219\" id=\"t8_219\" style=\"left:74px;bottom:842px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">Any contingent consideration payable is measured at fair value at the acquisition date. If the contingent consideration is classi\ufb01ed </div>\n<div class=\"t s4_219\" id=\"t9_219\" style=\"left:74px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">as\u00a0equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes in the fair value </div>\n<div class=\"t s4_219\" id=\"ta_219\" style=\"left:74px;bottom:811px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of\u00a0the\u00a0contingent consideration are recognised in pro\ufb01t or loss. </div><div class=\"t s9_222\" id=\"t9_222\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sa_222\" id=\"ta_222\" style=\"left:53px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group operates a number of equity-settled executive and employee share plans. For all grants of share options and awards, </div>\n<div class=\"t sa_222\" id=\"tb_222\" style=\"left:53px;bottom:878px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0fair value at the grant date is calculated using appropriate option pricing models. The grant date fair value is recognised over </div>\n<div class=\"t sa_222\" id=\"tc_222\" style=\"left:53px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the\u00a0vesting period as an expense, with a corresponding increase in retained earnings. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21099": {
   "value": "Accounting policy <div class=\"t sb_174\" id=\"tb_174\" style=\"left:53px;bottom:893px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Revenue is recognised as the performance obligations to deliver products or services are satis\ufb01ed and is recorded based on the </div>\n<div class=\"t sb_174\" id=\"tc_174\" style=\"left:53px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount of consideration expected to be received in exchange for satisfying the performance obligations. Revenue is recognised </div>\n<div class=\"t sb_174\" id=\"td_174\" style=\"left:53px;bottom:863px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">primarily when control is transferred to the customer, which is generally when the goods are shipped or delivered in accordance </div>\n<div class=\"t sb_174\" id=\"te_174\" style=\"left:53px;bottom:848px;letter-spacing:0.07px;word-spacing:-0.12px;display:inline;\">with\u00a0the contract terms, with some transfer of services taking place over time. Substantially all performance obligations are ful\ufb01lled </div>\n<div class=\"t sb_174\" id=\"tf_174\" style=\"left:53px;bottom:832px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">within one year. There is no signi\ufb01cant revenue associated with the provision of services. Payment terms to our customers are based </div>\n<div class=\"t sb_174\" id=\"tg_174\" style=\"left:53px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">on commercially reasonable terms for the respective markets while also considering a customer\u2019s credit rating. Appropriate provisions </div>\n<div class=\"t sb_174\" id=\"th_174\" style=\"left:53px;bottom:802px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">for returns, trade discounts and rebates are deducted from revenue. Rebates primarily comprise chargebacks and other discounts </div>\n<div class=\"t sb_174\" id=\"ti_174\" style=\"left:53px;bottom:786px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">granted to certain customers. Chargebacks are discounts that occur when a third-party purchases product from a wholesaler at </div>\n<div class=\"t sb_174\" id=\"tj_174\" style=\"left:53px;bottom:771px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">its agreed price plus a mark-up. The wholesaler in turn charges the Group for the di\ufb00erence between the price initially paid by the </div>\n<div class=\"t sb_174\" id=\"tk_174\" style=\"left:53px;bottom:756px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">wholesaler and the agreed price. The provision for chargebacks is based on expected sell-through levels by the Group\u2019s wholesalers </div>\n<div class=\"t sb_174\" id=\"tl_174\" style=\"left:53px;bottom:741px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">to\u00a0such customers, as well as estimated wholesaler inventory levels. </div>\n<div class=\"t sc_174\" id=\"tm_174\" style=\"left:53px;bottom:716px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT (Ear, Nose &amp; Throat) </div>\n<div class=\"t sb_174\" id=\"tn_174\" style=\"left:53px;bottom:699px;letter-spacing:0.02px;word-spacing:-0.13px;display:inline;\">Orthopaedics and Sports Medicine &amp; ENT consists of the following businesses: Knee Implants, Hip Implants, Other Reconstruction, </div>\n<div class=\"t sb_174\" id=\"to_174\" style=\"left:53px;bottom:683px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Trauma &amp; Extremities, Sports Medicine Joint Repair, Arthroscopic Enabling Technologies and ENT. Sales of inventory located </div>\n<div class=\"t sb_174\" id=\"tp_174\" style=\"left:53px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">at\u00a0customer premises and available for customers\u2019 immediate use are recognised when noti\ufb01cation is received that the product </div>\n<div class=\"t sb_174\" id=\"tq_174\" style=\"left:53px;bottom:653px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">has been implanted or used. Substantially all other revenue is recognised when control is transferred to the customer, which is </div>\n<div class=\"t sb_174\" id=\"tr_174\" style=\"left:53px;bottom:637px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">generally when the goods are\u00a0shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount </div>\n<div class=\"t sb_174\" id=\"ts_174\" style=\"left:53px;bottom:622px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">of\u00a0consideration expected to\u00a0be received in\u00a0exchange for\u00a0transferring the products or services. </div>\n<div class=\"t sb_174\" id=\"tt_174\" style=\"left:53px;bottom:598px;word-spacing:-0.11px;display:inline;\">In general our business in Established Markets is direct to hospitals and ambulatory surgery centers whereas in the Emerging Markets </div>\n<div class=\"t sb_174\" id=\"tu_174\" style=\"left:53px;bottom:583px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">we\u00a0generally sell through distributors. </div>\n<div class=\"t sc_174\" id=\"tv_174\" style=\"left:53px;bottom:558px;letter-spacing:0.12px;word-spacing:-0.05px;display:inline;\">Advanced Wound Management </div>\n<div class=\"t sb_174\" id=\"tw_174\" style=\"left:53px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Advanced Wound Management consists of the following businesses: Advanced Wound Care, Advanced Wound Bioactives and </div>\n<div class=\"t sb_174\" id=\"tx_174\" style=\"left:53px;bottom:526px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Advanced Wound Devices. Substantially all revenue is recognised when control is transferred to the customer, which is generally </div>\n<div class=\"t sb_174\" id=\"ty_174\" style=\"left:53px;bottom:510px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">when the goods are shipped or delivered in accordance with the contract terms. Revenue is recognised for the amount of </div>\n<div class=\"t sb_174\" id=\"tz_174\" style=\"left:53px;bottom:495px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration expected to be received in exchange for transferring the products or services. Appropriate provisions for returns, </div>\n<div class=\"t sb_174\" id=\"t10_174\" style=\"left:53px;bottom:480px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">trade\u00a0discounts and rebates are deducted from revenue, as explained above. </div>\n<div class=\"t sb_174\" id=\"t11_174\" style=\"left:53px;bottom:456px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">The majority of our Advanced Wound Management business, and in particular products used in community and homecare facilities, </div>\n<div class=\"t sb_174\" id=\"t12_174\" style=\"left:53px;bottom:441px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">is\u00a0through wholesalers and distributors. When control is transferred to a wholesaler or distributor, revenue is recognised accordingly. </div>\nThe proportion of sales direct to hospitals is higher in our Advanced Wound Devices business in Established Markets.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21572": {
   "value": "3 <div class=\"t sa_177\" id=\"t1p_177\" style=\"left:78px;bottom:485px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">Operating pro\ufb01t </div>\n<div class=\"t sb_177\" id=\"t1q_177\" style=\"left:74px;bottom:458px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_177\" id=\"t1r_177\" style=\"left:74px;bottom:440px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Research and development </div>\n<div class=\"t sd_177\" id=\"t1s_177\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Research expenditure is expensed as incurred. Internal development expenditure is only capitalised if the recognition criteria in </div>\n<div class=\"t sd_177\" id=\"t1t_177\" style=\"left:74px;bottom:407px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">IAS\u00a038 </div><div class=\"t se_177\" id=\"t1u_177\" style=\"left:116px;bottom:407px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible Assets </div><div class=\"t sd_177\" id=\"t1v_177\" style=\"left:215px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">have been satis\ufb01ed. The Group considers that the regulatory, technical and market uncertainties inherent </div>\n<div class=\"t sd_177\" id=\"t1w_177\" style=\"left:74px;bottom:392px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in\u00a0the development of new products mean that in most cases development costs should not be capitalised as intangible assets </div>\n<div class=\"t sd_177\" id=\"t1x_177\" style=\"left:74px;bottom:377px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">until\u00a0products receive approval from the appropriate regulatory body. </div>\n<div class=\"t sd_177\" id=\"t1y_177\" style=\"left:74px;bottom:353px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Payments to third parties for research and development projects are accounted for based on the substance of the arrangement. </div>\n<div class=\"t sd_177\" id=\"t1z_177\" style=\"left:74px;bottom:337px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">If the\u00a0arrangement represents outsourced research and development activities the payments are generally expensed except </div>\n<div class=\"t sd_177\" id=\"t20_177\" style=\"left:74px;bottom:322px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in limited circumstances where the respective development expenditure would be capitalised under the principles established </div>\n<div class=\"t sd_177\" id=\"t21_177\" style=\"left:74px;bottom:307px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0IAS\u00a038.\u00a0By contrast, the payments are capitalised if\u00a0the\u00a0arrangement represents consideration for the acquisition of intellectual </div>\n<div class=\"t sd_177\" id=\"t22_177\" style=\"left:74px;bottom:292px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">property developed at the risk of the third party. </div>\n<div class=\"t sd_177\" id=\"t23_177\" style=\"left:74px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Capitalised development expenditures are amortised on a straight-line basis over their useful economic lives from product launch. </div>\n<div class=\"t sc_177\" id=\"t24_177\" style=\"left:74px;bottom:243px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Advertising costs </div>\n<div class=\"t sd_177\" id=\"t25_177\" style=\"left:74px;bottom:226px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Advertising costs are expensed as incurred. </div>\n<div class=\"t sf_177\" id=\"t26_177\" style=\"left:831px;bottom:11px;letter-spacing:-1.54px;display:inline;\">175 </div><div class=\"t sg_177\" id=\"t27_177\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_177\" id=\"t28_177\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t si_177\" id=\"t29_177\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t si_177\" id=\"t2a_177\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sj_177\" id=\"t2b_177\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t si_177\" id=\"t2c_177\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_178\" id=\"t1_178\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_178\" id=\"t2_178\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_178\" id=\"t3_178\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_178\" id=\"t4_178\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_178\" id=\"t5_178\" style=\"left:43px;bottom:956px;display:inline;\">3 </div><div class=\"t s6_178\" id=\"t6_178\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Operating pro\ufb01t </div><div class=\"t s7_178\" id=\"t7_178\" style=\"left:170px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_178\" id=\"t8_178\" style=\"left:640px;bottom:941px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_178\" id=\"t9_178\" style=\"left:727px;bottom:941px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s8_178\" id=\"ta_178\" style=\"left:813px;bottom:941px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s8_178\" id=\"tb_178\" style=\"left:585px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tc_178\" style=\"left:587px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"td_178\" style=\"left:589px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"te_178\" style=\"left:592px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tf_178\" style=\"left:625px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tg_178\" style=\"left:671px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"th_178\" style=\"left:674px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"ti_178\" style=\"left:676px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tj_178\" style=\"left:678px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tk_178\" style=\"left:711px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tl_178\" style=\"left:758px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tm_178\" style=\"left:760px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tn_178\" style=\"left:763px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"to_178\" style=\"left:765px;bottom:929px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"tp_178\" style=\"left:798px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"tq_178\" style=\"left:844px;bottom:929px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"tr_178\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;display:inline;\">Revenue </div><div class=\"t sa_178\" id=\"ts_178\" style=\"left:630px;bottom:909px;letter-spacing:-0.2px;display:inline;\">5,215 </div><div class=\"t s9_178\" id=\"tt_178\" style=\"left:720px;bottom:909px;letter-spacing:-0.21px;display:inline;\">5,212 </div><div class=\"t s9_178\" id=\"tu_178\" style=\"left:806px;bottom:909px;display:inline;\">4,560 </div>\n<div class=\"t s9_178\" id=\"tv_178\" style=\"left:43px;bottom:891px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Cost of goods sold </div>\n<div class=\"t sb_178\" id=\"tw_178\" style=\"left:150px;bottom:898px;display:inline;\">1 </div>\n<div class=\"t sa_178\" id=\"tx_178\" style=\"left:624px;bottom:891px;letter-spacing:0.01px;display:inline;\">(1,540) </div><div class=\"t s9_178\" id=\"ty_178\" style=\"left:716px;bottom:891px;letter-spacing:-0.12px;display:inline;\">(1,543) </div><div class=\"t s9_178\" id=\"tz_178\" style=\"left:802px;bottom:891px;letter-spacing:-0.03px;display:inline;\">(1,396) </div>\n<div class=\"t s9_178\" id=\"t10_178\" style=\"left:43px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Gross pro\ufb01t </div><div class=\"t sa_178\" id=\"t11_178\" style=\"left:631px;bottom:872px;letter-spacing:-0.24px;display:inline;\">3,675 </div><div class=\"t s9_178\" id=\"t12_178\" style=\"left:720px;bottom:872px;letter-spacing:-0.13px;display:inline;\">3,669 </div><div class=\"t s9_178\" id=\"t13_178\" style=\"left:807px;bottom:872px;letter-spacing:-0.24px;display:inline;\">3,164 </div>\n<div class=\"t s9_178\" id=\"t14_178\" style=\"left:43px;bottom:854px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Research and development expenses </div>\n<div class=\"t sb_178\" id=\"t15_178\" style=\"left:262px;bottom:861px;display:inline;\">2 </div>\n<div class=\"t sa_178\" id=\"t16_178\" style=\"left:637px;bottom:854px;letter-spacing:-0.15px;display:inline;\">(345) </div><div class=\"t s9_178\" id=\"t17_178\" style=\"left:726px;bottom:854px;letter-spacing:-0.04px;display:inline;\">(356) </div><div class=\"t s9_178\" id=\"t18_178\" style=\"left:812px;bottom:854px;letter-spacing:-0.01px;display:inline;\">(307) </div>\n<div class=\"t s9_178\" id=\"t19_178\" style=\"left:43px;bottom:835px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Selling, general and administrative expenses: </div><div class=\"t sa_178\" id=\"t1a_178\" style=\"left:655px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t sa_178\" id=\"t1b_178\" style=\"left:658px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1c_178\" style=\"left:742px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1d_178\" style=\"left:745px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1e_178\" style=\"left:828px;bottom:835px;display:inline;\">\u00a0</div><div class=\"t s9_178\" id=\"t1f_178\" style=\"left:831px;bottom:835px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"t1g_178\" style=\"left:56px;bottom:817px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Marketing, selling and distribution expenses </div><div class=\"t sa_178\" id=\"t1h_178\" style=\"left:624px;bottom:817px;display:inline;\">(2,066) </div><div class=\"t s9_178\" id=\"t1i_178\" style=\"left:716px;bottom:817px;letter-spacing:-0.19px;display:inline;\">(2,013) </div><div class=\"t s9_178\" id=\"t1j_178\" style=\"left:803px;bottom:817px;letter-spacing:-0.23px;display:inline;\">(1,773) </div>\n<div class=\"t s9_178\" id=\"t1k_178\" style=\"left:56px;bottom:798px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Administrative expenses </div>\n<div class=\"t sb_178\" id=\"t1l_178\" style=\"left:201px;bottom:805px;letter-spacing:-0.08px;display:inline;\">3,4,5,6 </div>\n<div class=\"t sa_178\" id=\"t1m_178\" style=\"left:637px;bottom:798px;letter-spacing:-0.31px;display:inline;\">(814) </div><div class=\"t s9_178\" id=\"t1n_178\" style=\"left:726px;bottom:798px;letter-spacing:-0.05px;display:inline;\">(707) </div><div class=\"t s9_178\" id=\"t1o_178\" style=\"left:813px;bottom:798px;letter-spacing:-0.1px;display:inline;\">(789) </div>\n<div class=\"t sa_178\" id=\"t1p_178\" style=\"left:624px;bottom:780px;letter-spacing:0.05px;display:inline;\">(2,880) </div><div class=\"t s9_178\" id=\"t1q_178\" style=\"left:716px;bottom:780px;letter-spacing:-0.21px;display:inline;\">(2,720) </div><div class=\"t s9_178\" id=\"t1r_178\" style=\"left:803px;bottom:780px;letter-spacing:-0.14px;display:inline;\">(2,562) </div>\n<div class=\"t sc_178\" id=\"t1s_178\" style=\"left:43px;bottom:762px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Operating pro\ufb01t </div><div class=\"t sa_178\" id=\"t1t_178\" style=\"left:642px;bottom:762px;letter-spacing:-0.19px;display:inline;\">450 </div><div class=\"t s9_178\" id=\"t1u_178\" style=\"left:731px;bottom:762px;letter-spacing:-0.53px;display:inline;\">593 </div><div class=\"t s9_178\" id=\"t1v_178\" style=\"left:817px;bottom:762px;letter-spacing:-0.22px;display:inline;\">295 </div>\n<div class=\"t sd_178\" id=\"t1w_178\" style=\"left:43px;bottom:738px;display:inline;\">1 </div><div class=\"t sd_178\" id=\"t1x_178\" style=\"left:56px;bottom:738px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">2022 includes $4m charge relating to legal and other items, $20m charge relating to restructuring and rationalisation expenses and $5m charges relating to acquisition and disposal-related </div>\n<div class=\"t sd_178\" id=\"t1y_178\" style=\"left:56px;bottom:725px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">items (2021: $7m charge relating to legal and other items and $29m charge relating to restructuring and rationalisation expenses, 2020: $6m charge relating to legal and other items and </div>\n<div class=\"t sd_178\" id=\"t1z_178\" style=\"left:56px;bottom:713px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">$15m\u00a0charge relating to restructuring and rationalisation expenses). </div>\n<div class=\"t sd_178\" id=\"t20_178\" style=\"left:43px;bottom:701px;display:inline;\">2 </div><div class=\"t sd_178\" id=\"t21_178\" style=\"left:56px;bottom:701px;letter-spacing:0.07px;word-spacing:-0.08px;display:inline;\">2022 includes $35m charge relating to legal and other items (2021: $39m, 2020: $28m), $5m charge relating to acquisition and disposal-related items (2021: $7m, 2020: $nil) and $5m charge </div>\n<div class=\"t sd_178\" id=\"t22_178\" style=\"left:56px;bottom:689px;letter-spacing:0.1px;word-spacing:-0.13px;display:inline;\">relating to restructuring and rationalisation expenses (2021: $nil, 2020: $nil). </div>\n<div class=\"t sd_178\" id=\"t23_178\" style=\"left:43px;bottom:677px;display:inline;\">3 </div><div class=\"t sd_178\" id=\"t24_178\" style=\"left:56px;bottom:677px;letter-spacing:0.09px;word-spacing:-0.1px;display:inline;\">2022 includes $56m of amortisation of so\ufb05ware and other intangible assets (2021: $65m, 2020: $63m). </div>\n<div class=\"t sd_178\" id=\"t25_178\" style=\"left:43px;bottom:664px;display:inline;\">4 </div><div class=\"t sd_178\" id=\"t26_178\" style=\"left:56px;bottom:664px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">2022 includes $205m of amortisation and impairment of acquisition intangibles and $142m of restructuring and rationalisation expenses (2021: $172m of amortisation and impairment </div>\n<div class=\"t sd_178\" id=\"t27_178\" style=\"left:56px;bottom:652px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">of acquisition intangibles and $84m of restructuring and\u00a0rationalisation expenses, 2020: $171m of amortisation and impairment of\u00a0acquisition intangibles and $109m of restructuring </div>\n<div class=\"t sd_178\" id=\"t28_178\" style=\"left:56px;bottom:640px;letter-spacing:0.15px;word-spacing:-0.16px;display:inline;\">and\u00a0rationalisation expenses). </div>\n<div class=\"t sd_178\" id=\"t29_178\" style=\"left:43px;bottom:628px;display:inline;\">5 </div><div class=\"t sd_178\" id=\"t2a_178\" style=\"left:56px;bottom:628px;letter-spacing:0.06px;word-spacing:-0.08px;display:inline;\">2022 includes $36m charge relating to legal and other items (2021: $5m charge, 2020: $55m charge). </div>\n<div class=\"t sd_178\" id=\"t2b_178\" style=\"left:43px;bottom:615px;display:inline;\">6 </div><div class=\"t sd_178\" id=\"t2c_178\" style=\"left:56px;bottom:615px;letter-spacing:0.08px;word-spacing:-0.1px;display:inline;\">2022 includes $6m credit relating to acquisition and disposal-related items (2021: $nil, 2020: $4m charge). </div>\n<div class=\"t sd_178\" id=\"t2d_178\" style=\"left:43px;bottom:595px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">Note that items detailed in 1, 2, 4, 5 and 6 are excluded from the calculation of trading pro\ufb01t, the segments\u2019 pro\ufb01t measure. </div>\n<div class=\"t s9_178\" id=\"t2e_178\" style=\"left:43px;bottom:569px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Operating pro\ufb01t is stated a\ufb05er charging/(crediting) the following items: </div>\n<div class=\"t s8_178\" id=\"t2f_178\" style=\"left:640px;bottom:546px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_178\" id=\"t2g_178\" style=\"left:727px;bottom:546px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s8_178\" id=\"t2h_178\" style=\"left:813px;bottom:546px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s8_178\" id=\"t2i_178\" style=\"left:585px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2j_178\" style=\"left:587px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2k_178\" style=\"left:589px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2l_178\" style=\"left:592px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2m_178\" style=\"left:625px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2n_178\" style=\"left:671px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2o_178\" style=\"left:674px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2p_178\" style=\"left:676px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2q_178\" style=\"left:678px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2r_178\" style=\"left:711px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2s_178\" style=\"left:758px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2t_178\" style=\"left:760px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2u_178\" style=\"left:763px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2v_178\" style=\"left:765px;bottom:534px;display:inline;\">\u00a0</div><div class=\"t s8_178\" id=\"t2w_178\" style=\"left:798px;bottom:534px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_178\" id=\"t2x_178\" style=\"left:844px;bottom:534px;display:inline;\">\u00a0</div>\n<div class=\"t s9_178\" id=\"t2y_178\" style=\"left:43px;bottom:515px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Other operating income </div><div class=\"t sa_178\" id=\"t2z_178\" style=\"left:653px;bottom:515px;letter-spacing:0.1px;display:inline;\">(7) </div><div class=\"t s9_178\" id=\"t30_178\" style=\"left:734px;bottom:515px;letter-spacing:-0.04px;display:inline;\">(35) </div><div class=\"t s9_178\" id=\"t31_178\" style=\"left:832px;bottom:515px;display:inline;\">\u2013 </div>\n<div class=\"t s9_178\" id=\"t32_178\" style=\"left:43px;bottom:496px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Amortisation of intangible assets </div><div class=\"t sa_178\" id=\"t33_178\" style=\"left:642px;bottom:496px;letter-spacing:-0.39px;display:inline;\">229 </div><div class=\"t s9_178\" id=\"t34_178\" style=\"left:730px;bottom:496px;letter-spacing:-0.37px;display:inline;\">237 </div><div class=\"t s9_178\" id=\"t35_178\" style=\"left:817px;bottom:496px;letter-spacing:-0.13px;display:inline;\">234 </div>\n<div class=\"t s9_178\" id=\"t36_178\" style=\"left:43px;bottom:478px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Impairment of intangible assets </div><div class=\"t sa_178\" id=\"t37_178\" style=\"left:650px;bottom:478px;letter-spacing:-0.28px;display:inline;\">39 </div><div class=\"t s9_178\" id=\"t38_178\" style=\"left:745px;bottom:478px;display:inline;\">2 </div><div class=\"t s9_178\" id=\"t39_178\" style=\"left:825px;bottom:478px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t s9_178\" id=\"t3a_178\" style=\"left:43px;bottom:459px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Impairment of property, plant and equipment </div><div class=\"t sa_178\" id=\"t3b_178\" style=\"left:650px;bottom:459px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s9_178\" id=\"t3c_178\" style=\"left:745px;bottom:459px;display:inline;\">1 </div><div class=\"t s9_178\" id=\"t3d_178\" style=\"left:832px;bottom:459px;display:inline;\">5 </div>\n<div class=\"t s9_178\" id=\"t3e_178\" style=\"left:43px;bottom:441px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Fair value remeasurement of trade investments </div><div class=\"t sa_178\" id=\"t3f_178\" style=\"left:659px;bottom:441px;display:inline;\">\u2013 </div><div class=\"t s9_178\" id=\"t3g_178\" style=\"left:745px;bottom:441px;display:inline;\">1 </div><div class=\"t s9_178\" id=\"t3h_178\" style=\"left:832px;bottom:441px;display:inline;\">\u2013 </div>\n<div class=\"t s9_178\" id=\"t3i_178\" style=\"left:43px;bottom:422px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Depreciation of property, plant and equipment </div>\n<div class=\"t sb_178\" id=\"t3j_178\" style=\"left:316px;bottom:429px;display:inline;\">1 </div>\n<div class=\"t sa_178\" id=\"t3k_178\" style=\"left:642px;bottom:422px;letter-spacing:-0.55px;display:inline;\">319 </div><div class=\"t s9_178\" id=\"t3l_178\" style=\"left:731px;bottom:422px;letter-spacing:-0.49px;display:inline;\">326 </div><div class=\"t s9_178\" id=\"t3m_178\" style=\"left:817px;bottom:422px;letter-spacing:-0.57px;display:inline;\">311 </div>\n<div class=\"t s9_178\" id=\"t3n_178\" style=\"left:43px;bottom:404px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Loss on disposal of property, plant and equipment and intangible assets </div><div class=\"t sa_178\" id=\"t3o_178\" style=\"left:650px;bottom:404px;letter-spacing:-0.68px;display:inline;\">11 </div><div class=\"t s9_178\" id=\"t3p_178\" style=\"left:738px;bottom:404px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t s9_178\" id=\"t3q_178\" style=\"left:824px;bottom:404px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s9_178\" id=\"t3r_178\" style=\"left:43px;bottom:386px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Advertising costs </div><div class=\"t sa_178\" id=\"t3s_178\" style=\"left:650px;bottom:386px;letter-spacing:-0.5px;display:inline;\">92 </div><div class=\"t s9_178\" id=\"t3t_178\" style=\"left:738px;bottom:386px;letter-spacing:-0.54px;display:inline;\">81 </div><div class=\"t s9_178\" id=\"t3u_178\" style=\"left:824px;bottom:386px;letter-spacing:-0.09px;display:inline;\">66 </div>\n<div class=\"t sd_178\" id=\"t3v_178\" style=\"left:43px;bottom:362px;display:inline;\">1 </div><div class=\"t sd_178\" id=\"t3w_178\" style=\"left:56px;bottom:362px;letter-spacing:0.06px;word-spacing:-0.08px;display:inline;\">The 2022 depreciation charge includes $56m (2021: $56m, 2020: $51m, ) related to right-of-use assets. </div>\n<div class=\"t s9_178\" id=\"t3x_178\" style=\"left:43px;bottom:336px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">In 2022, other operating income comprises insurance recoveries for ongoing metal-on-metal hip claims of $7m (2021: $35m, 2020: $nil). </div>\n<div class=\"t s9_178\" id=\"t3y_178\" style=\"left:43px;bottom:321px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">In 2022, $7m (2021: $35m, 2020: $nil) of other operating income was included with\u00a0legal and other items, as explained in Note 2.6, </div>\n<div class=\"t s9_178\" id=\"t3z_178\" style=\"left:43px;bottom:305px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0does not form part of trading pro\ufb01t, the segments\u2019 pro\ufb01t measure. </div>\n<div class=\"t se_178\" id=\"t40_178\" style=\"left:43px;bottom:11px;letter-spacing:-1.82px;display:inline;\">176 </div><div class=\"t sf_178\" id=\"t41_178\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_178\" id=\"t42_178\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_179\" id=\"t1_179\" style=\"left:65px;bottom:957px;letter-spacing:-0.34px;display:inline;\">3.1 </div><div class=\"t s2_179\" id=\"t2_179\" style=\"left:88px;bottom:957px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs and employee numbers </div>\n<div class=\"t s3_179\" id=\"t3_179\" style=\"left:65px;bottom:940px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs during the year amounted to: </div>\n<div class=\"t s4_179\" id=\"t4_179\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t5_179\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t6_179\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t7_179\" style=\"left:520px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t8_179\" style=\"left:522px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t9_179\" style=\"left:524px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ta_179\" style=\"left:527px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tb_179\" style=\"left:572px;bottom:906px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s4_179\" id=\"tc_179\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"td_179\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"te_179\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tf_179\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tg_179\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"th_179\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ti_179\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tj_179\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tk_179\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tl_179\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tm_179\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tn_179\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"to_179\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tp_179\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tq_179\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"tr_179\" style=\"left:65px;bottom:886px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Wages and salaries </div><div class=\"t s3_179\" id=\"ts_179\" style=\"left:590px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tt_179\" style=\"left:593px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"tu_179\" style=\"left:651px;bottom:886px;letter-spacing:-0.01px;display:inline;\">1,565 </div><div class=\"t s3_179\" id=\"tv_179\" style=\"left:741px;bottom:886px;letter-spacing:-0.16px;display:inline;\">1,562 </div><div class=\"t s3_179\" id=\"tw_179\" style=\"left:828px;bottom:886px;letter-spacing:-0.18px;display:inline;\">1,392 </div>\n<div class=\"t s3_179\" id=\"tx_179\" style=\"left:65px;bottom:868px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">Social security costs </div><div class=\"t s3_179\" id=\"ty_179\" style=\"left:590px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tz_179\" style=\"left:593px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t10_179\" style=\"left:664px;bottom:868px;letter-spacing:-0.47px;display:inline;\">215 </div><div class=\"t s3_179\" id=\"t11_179\" style=\"left:752px;bottom:868px;letter-spacing:-0.31px;display:inline;\">223 </div><div class=\"t s3_179\" id=\"t12_179\" style=\"left:838px;bottom:868px;letter-spacing:-0.17px;display:inline;\">190 </div>\n<div class=\"t s3_179\" id=\"t13_179\" style=\"left:65px;bottom:849px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Pension costs (including retirement healthcare) </div><div class=\"t s3_179\" id=\"t14_179\" style=\"left:586px;bottom:849px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s5_179\" id=\"t15_179\" style=\"left:671px;bottom:849px;display:inline;\">88 </div><div class=\"t s3_179\" id=\"t16_179\" style=\"left:760px;bottom:849px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s3_179\" id=\"t17_179\" style=\"left:846px;bottom:849px;letter-spacing:-0.43px;display:inline;\">78 </div>\n<div class=\"t s3_179\" id=\"t18_179\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.13px;display:inline;\">Share-based payments </div><div class=\"t s3_179\" id=\"t19_179\" style=\"left:586px;bottom:831px;letter-spacing:-0.4px;display:inline;\">22 </div><div class=\"t s5_179\" id=\"t1a_179\" style=\"left:671px;bottom:831px;letter-spacing:0.04px;display:inline;\">40 </div><div class=\"t s3_179\" id=\"t1b_179\" style=\"left:760px;bottom:831px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s3_179\" id=\"t1c_179\" style=\"left:846px;bottom:831px;letter-spacing:-0.47px;display:inline;\">26 </div>\n<div class=\"t s3_179\" id=\"t1d_179\" style=\"left:590px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t1e_179\" style=\"left:593px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:651px;bottom:812px;letter-spacing:0.1px;display:inline;\">1,908 </div><div class=\"t s3_179\" id=\"t1g_179\" style=\"left:742px;bottom:812px;letter-spacing:-0.38px;display:inline;\">1,919 </div><div class=\"t s3_179\" id=\"t1h_179\" style=\"left:828px;bottom:812px;letter-spacing:-0.07px;display:inline;\">1,686 </div>\n<div class=\"t s3_179\" id=\"t1i_179\" style=\"left:65px;bottom:784px;word-spacing:0.04px;display:inline;\">During the year ended 31 December 2022, the average number of employees was 19,094 (2021: 18,976, 2020: 18,581). </div>\n<div class=\"t s1_179\" id=\"t1j_179\" style=\"left:65px;bottom:759px;letter-spacing:-0.18px;display:inline;\">3.2 </div><div class=\"t s2_179\" id=\"t1k_179\" style=\"left:88px;bottom:759px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Audit Fees \u2013 information about the nature and cost of services provided by the auditor </div>\n<div class=\"t s4_179\" id=\"t1l_179\" style=\"left:662px;bottom:732px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t1m_179\" style=\"left:748px;bottom:732px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t1n_179\" style=\"left:835px;bottom:732px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t1o_179\" style=\"left:606px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:609px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1q_179\" style=\"left:611px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1r_179\" style=\"left:613px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1s_179\" style=\"left:646px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1t_179\" style=\"left:693px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1u_179\" style=\"left:695px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1v_179\" style=\"left:698px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1w_179\" style=\"left:700px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1x_179\" style=\"left:733px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1y_179\" style=\"left:780px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1z_179\" style=\"left:782px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t20_179\" style=\"left:784px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t21_179\" style=\"left:787px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t22_179\" style=\"left:820px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t23_179\" style=\"left:866px;bottom:720px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t24_179\" style=\"left:65px;bottom:701px;letter-spacing:0.15px;word-spacing:-0.14px;display:inline;\">Audit services: </div><div class=\"t s5_179\" id=\"t25_179\" style=\"left:677px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t26_179\" style=\"left:680px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t27_179\" style=\"left:763px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t28_179\" style=\"left:766px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t29_179\" style=\"left:850px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2a_179\" style=\"left:853px;bottom:701px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2b_179\" style=\"left:78px;bottom:682px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Group accounts </div><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:669px;bottom:682px;letter-spacing:-0.54px;display:inline;\">7.2 </div><div class=\"t s3_179\" id=\"t2d_179\" style=\"left:756px;bottom:682px;letter-spacing:0.05px;display:inline;\">5.5 </div><div class=\"t s3_179\" id=\"t2e_179\" style=\"left:843px;bottom:682px;letter-spacing:-0.08px;display:inline;\">5.0 </div>\n<div class=\"t s3_179\" id=\"t2f_179\" style=\"left:78px;bottom:664px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Local statutory audit pursuant to legislation </div><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:668px;bottom:664px;letter-spacing:0.18px;display:inline;\">2.2 </div><div class=\"t s3_179\" id=\"t2h_179\" style=\"left:757px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div><div class=\"t s3_179\" id=\"t2i_179\" style=\"left:843px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div>\n<div class=\"t s3_179\" id=\"t2j_179\" style=\"left:65px;bottom:645px;letter-spacing:0.19px;word-spacing:-0.17px;display:inline;\">Other services: </div>\n<div class=\"t s3_179\" id=\"t2k_179\" style=\"left:78px;bottom:627px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Audit-related services </div><div class=\"t s5_179\" id=\"t2l_179\" style=\"left:668px;bottom:627px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t s3_179\" id=\"t2m_179\" style=\"left:757px;bottom:627px;letter-spacing:-0.27px;display:inline;\">0.1 </div><div class=\"t s3_179\" id=\"t2n_179\" style=\"left:843px;bottom:627px;letter-spacing:-0.13px;display:inline;\">0.4 </div>\n<div class=\"t s6_179\" id=\"t2o_179\" style=\"left:65px;bottom:608px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Total auditor\u2019s remuneration </div><div class=\"t s5_179\" id=\"t2p_179\" style=\"left:668px;bottom:608px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t2q_179\" style=\"left:758px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.6 </div><div class=\"t s3_179\" id=\"t2r_179\" style=\"left:845px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.4 </div>\n<div class=\"t s3_179\" id=\"t2s_179\" style=\"left:65px;bottom:590px;letter-spacing:0.08px;display:inline;\">Arising: </div><div class=\"t s5_179\" id=\"t2t_179\" style=\"left:677px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t2u_179\" style=\"left:680px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2v_179\" style=\"left:763px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2w_179\" style=\"left:766px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2x_179\" style=\"left:850px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2y_179\" style=\"left:853px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2z_179\" style=\"left:78px;bottom:572px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">In the UK </div><div class=\"t s5_179\" id=\"t30_179\" style=\"left:668px;bottom:572px;letter-spacing:0.11px;display:inline;\">5.3 </div><div class=\"t s3_179\" id=\"t31_179\" style=\"left:756px;bottom:572px;letter-spacing:0.09px;display:inline;\">3.5 </div><div class=\"t s3_179\" id=\"t32_179\" style=\"left:843px;bottom:572px;letter-spacing:-0.05px;display:inline;\">3.6 </div>\n<div class=\"t s3_179\" id=\"t33_179\" style=\"left:78px;bottom:553px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Outside the UK </div><div class=\"t s5_179\" id=\"t34_179\" style=\"left:668px;bottom:553px;letter-spacing:0.16px;display:inline;\">4.5 </div><div class=\"t s3_179\" id=\"t35_179\" style=\"left:757px;bottom:553px;letter-spacing:-0.21px;display:inline;\">4.1 </div><div class=\"t s3_179\" id=\"t36_179\" style=\"left:843px;bottom:553px;letter-spacing:0.09px;display:inline;\">3.8 </div>\n<div class=\"t s5_179\" id=\"t37_179\" style=\"left:668px;bottom:535px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t38_179\" style=\"left:758px;bottom:535px;letter-spacing:-0.78px;display:inline;\">7.6 </div>7.4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21577": {
   "value": "Accounting policy <div class=\"t sc_177\" id=\"t1r_177\" style=\"left:74px;bottom:440px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Research and development </div>\n<div class=\"t sd_177\" id=\"t1s_177\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Research expenditure is expensed as incurred. Internal development expenditure is only capitalised if the recognition criteria in </div>\n<div class=\"t sd_177\" id=\"t1t_177\" style=\"left:74px;bottom:407px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">IAS\u00a038 </div><div class=\"t se_177\" id=\"t1u_177\" style=\"left:116px;bottom:407px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible Assets </div><div class=\"t sd_177\" id=\"t1v_177\" style=\"left:215px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">have been satis\ufb01ed. The Group considers that the regulatory, technical and market uncertainties inherent </div>\n<div class=\"t sd_177\" id=\"t1w_177\" style=\"left:74px;bottom:392px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in\u00a0the development of new products mean that in most cases development costs should not be capitalised as intangible assets </div>\n<div class=\"t sd_177\" id=\"t1x_177\" style=\"left:74px;bottom:377px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">until\u00a0products receive approval from the appropriate regulatory body. </div>\n<div class=\"t sd_177\" id=\"t1y_177\" style=\"left:74px;bottom:353px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Payments to third parties for research and development projects are accounted for based on the substance of the arrangement. </div>\n<div class=\"t sd_177\" id=\"t1z_177\" style=\"left:74px;bottom:337px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">If the\u00a0arrangement represents outsourced research and development activities the payments are generally expensed except </div>\n<div class=\"t sd_177\" id=\"t20_177\" style=\"left:74px;bottom:322px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">in limited circumstances where the respective development expenditure would be capitalised under the principles established </div>\n<div class=\"t sd_177\" id=\"t21_177\" style=\"left:74px;bottom:307px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0IAS\u00a038.\u00a0By contrast, the payments are capitalised if\u00a0the\u00a0arrangement represents consideration for the acquisition of intellectual </div>\n<div class=\"t sd_177\" id=\"t22_177\" style=\"left:74px;bottom:292px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">property developed at the risk of the third party. </div>\n<div class=\"t sd_177\" id=\"t23_177\" style=\"left:74px;bottom:268px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Capitalised development expenditures are amortised on a straight-line basis over their useful economic lives from product launch. </div>\n<div class=\"t sc_177\" id=\"t24_177\" style=\"left:74px;bottom:243px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Advertising costs </div>\nAdvertising costs are expensed as incurred.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21771": {
   "value": "3.1 <div class=\"t s2_179\" id=\"t2_179\" style=\"left:88px;bottom:957px;letter-spacing:-0.17px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs and employee numbers </div>\n<div class=\"t s3_179\" id=\"t3_179\" style=\"left:65px;bottom:940px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Sta\ufb00 costs during the year amounted to: </div>\n<div class=\"t s4_179\" id=\"t4_179\" style=\"left:662px;bottom:918px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t5_179\" style=\"left:748px;bottom:918px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t6_179\" style=\"left:835px;bottom:918px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t7_179\" style=\"left:520px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t8_179\" style=\"left:522px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t9_179\" style=\"left:524px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ta_179\" style=\"left:527px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tb_179\" style=\"left:572px;bottom:906px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s4_179\" id=\"tc_179\" style=\"left:609px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"td_179\" style=\"left:611px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"te_179\" style=\"left:613px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tf_179\" style=\"left:646px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tg_179\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"th_179\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"ti_179\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tj_179\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tk_179\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tl_179\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tm_179\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tn_179\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"to_179\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"tp_179\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"tq_179\" style=\"left:866px;bottom:906px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"tr_179\" style=\"left:65px;bottom:886px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Wages and salaries </div><div class=\"t s3_179\" id=\"ts_179\" style=\"left:590px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tt_179\" style=\"left:593px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"tu_179\" style=\"left:651px;bottom:886px;letter-spacing:-0.01px;display:inline;\">1,565 </div><div class=\"t s3_179\" id=\"tv_179\" style=\"left:741px;bottom:886px;letter-spacing:-0.16px;display:inline;\">1,562 </div><div class=\"t s3_179\" id=\"tw_179\" style=\"left:828px;bottom:886px;letter-spacing:-0.18px;display:inline;\">1,392 </div>\n<div class=\"t s3_179\" id=\"tx_179\" style=\"left:65px;bottom:868px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">Social security costs </div><div class=\"t s3_179\" id=\"ty_179\" style=\"left:590px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"tz_179\" style=\"left:593px;bottom:868px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t10_179\" style=\"left:664px;bottom:868px;letter-spacing:-0.47px;display:inline;\">215 </div><div class=\"t s3_179\" id=\"t11_179\" style=\"left:752px;bottom:868px;letter-spacing:-0.31px;display:inline;\">223 </div><div class=\"t s3_179\" id=\"t12_179\" style=\"left:838px;bottom:868px;letter-spacing:-0.17px;display:inline;\">190 </div>\n<div class=\"t s3_179\" id=\"t13_179\" style=\"left:65px;bottom:849px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Pension costs (including retirement healthcare) </div><div class=\"t s3_179\" id=\"t14_179\" style=\"left:586px;bottom:849px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s5_179\" id=\"t15_179\" style=\"left:671px;bottom:849px;display:inline;\">88 </div><div class=\"t s3_179\" id=\"t16_179\" style=\"left:760px;bottom:849px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s3_179\" id=\"t17_179\" style=\"left:846px;bottom:849px;letter-spacing:-0.43px;display:inline;\">78 </div>\n<div class=\"t s3_179\" id=\"t18_179\" style=\"left:65px;bottom:831px;letter-spacing:0.19px;word-spacing:-0.13px;display:inline;\">Share-based payments </div><div class=\"t s3_179\" id=\"t19_179\" style=\"left:586px;bottom:831px;letter-spacing:-0.4px;display:inline;\">22 </div><div class=\"t s5_179\" id=\"t1a_179\" style=\"left:671px;bottom:831px;letter-spacing:0.04px;display:inline;\">40 </div><div class=\"t s3_179\" id=\"t1b_179\" style=\"left:760px;bottom:831px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s3_179\" id=\"t1c_179\" style=\"left:846px;bottom:831px;letter-spacing:-0.47px;display:inline;\">26 </div>\n<div class=\"t s3_179\" id=\"t1d_179\" style=\"left:590px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t1e_179\" style=\"left:593px;bottom:812px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t1f_179\" style=\"left:651px;bottom:812px;letter-spacing:0.1px;display:inline;\">1,908 </div><div class=\"t s3_179\" id=\"t1g_179\" style=\"left:742px;bottom:812px;letter-spacing:-0.38px;display:inline;\">1,919 </div><div class=\"t s3_179\" id=\"t1h_179\" style=\"left:828px;bottom:812px;letter-spacing:-0.07px;display:inline;\">1,686 </div>\nDuring the year ended 31 December 2022, the average number of employees was 19,094 (2021: 18,976, 2020: 18,581). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21828": {
   "value": "3.2 <div class=\"t s2_179\" id=\"t1k_179\" style=\"left:88px;bottom:759px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Audit Fees \u2013 information about the nature and cost of services provided by the auditor </div>\n<div class=\"t s4_179\" id=\"t1l_179\" style=\"left:662px;bottom:732px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t1m_179\" style=\"left:748px;bottom:732px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t1n_179\" style=\"left:835px;bottom:732px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t1o_179\" style=\"left:606px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1p_179\" style=\"left:609px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1q_179\" style=\"left:611px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1r_179\" style=\"left:613px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1s_179\" style=\"left:646px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1t_179\" style=\"left:693px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1u_179\" style=\"left:695px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1v_179\" style=\"left:698px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1w_179\" style=\"left:700px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1x_179\" style=\"left:733px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t1y_179\" style=\"left:780px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t1z_179\" style=\"left:782px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t20_179\" style=\"left:784px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t21_179\" style=\"left:787px;bottom:720px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t22_179\" style=\"left:820px;bottom:720px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t23_179\" style=\"left:866px;bottom:720px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t24_179\" style=\"left:65px;bottom:701px;letter-spacing:0.15px;word-spacing:-0.14px;display:inline;\">Audit services: </div><div class=\"t s5_179\" id=\"t25_179\" style=\"left:677px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t26_179\" style=\"left:680px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t27_179\" style=\"left:763px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t28_179\" style=\"left:766px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t29_179\" style=\"left:850px;bottom:701px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2a_179\" style=\"left:853px;bottom:701px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2b_179\" style=\"left:78px;bottom:682px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Group accounts </div><div class=\"t s5_179\" id=\"t2c_179\" style=\"left:669px;bottom:682px;letter-spacing:-0.54px;display:inline;\">7.2 </div><div class=\"t s3_179\" id=\"t2d_179\" style=\"left:756px;bottom:682px;letter-spacing:0.05px;display:inline;\">5.5 </div><div class=\"t s3_179\" id=\"t2e_179\" style=\"left:843px;bottom:682px;letter-spacing:-0.08px;display:inline;\">5.0 </div>\n<div class=\"t s3_179\" id=\"t2f_179\" style=\"left:78px;bottom:664px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Local statutory audit pursuant to legislation </div><div class=\"t s5_179\" id=\"t2g_179\" style=\"left:668px;bottom:664px;letter-spacing:0.18px;display:inline;\">2.2 </div><div class=\"t s3_179\" id=\"t2h_179\" style=\"left:757px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div><div class=\"t s3_179\" id=\"t2i_179\" style=\"left:843px;bottom:664px;letter-spacing:-0.15px;display:inline;\">2.0 </div>\n<div class=\"t s3_179\" id=\"t2j_179\" style=\"left:65px;bottom:645px;letter-spacing:0.19px;word-spacing:-0.17px;display:inline;\">Other services: </div>\n<div class=\"t s3_179\" id=\"t2k_179\" style=\"left:78px;bottom:627px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Audit-related services </div><div class=\"t s5_179\" id=\"t2l_179\" style=\"left:668px;bottom:627px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t s3_179\" id=\"t2m_179\" style=\"left:757px;bottom:627px;letter-spacing:-0.27px;display:inline;\">0.1 </div><div class=\"t s3_179\" id=\"t2n_179\" style=\"left:843px;bottom:627px;letter-spacing:-0.13px;display:inline;\">0.4 </div>\n<div class=\"t s6_179\" id=\"t2o_179\" style=\"left:65px;bottom:608px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Total auditor\u2019s remuneration </div><div class=\"t s5_179\" id=\"t2p_179\" style=\"left:668px;bottom:608px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t2q_179\" style=\"left:758px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.6 </div><div class=\"t s3_179\" id=\"t2r_179\" style=\"left:845px;bottom:608px;letter-spacing:-0.78px;display:inline;\">7.4 </div>\n<div class=\"t s3_179\" id=\"t2s_179\" style=\"left:65px;bottom:590px;letter-spacing:0.08px;display:inline;\">Arising: </div><div class=\"t s5_179\" id=\"t2t_179\" style=\"left:677px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t2u_179\" style=\"left:680px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2v_179\" style=\"left:763px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2w_179\" style=\"left:766px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2x_179\" style=\"left:850px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t2y_179\" style=\"left:853px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t2z_179\" style=\"left:78px;bottom:572px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">In the UK </div><div class=\"t s5_179\" id=\"t30_179\" style=\"left:668px;bottom:572px;letter-spacing:0.11px;display:inline;\">5.3 </div><div class=\"t s3_179\" id=\"t31_179\" style=\"left:756px;bottom:572px;letter-spacing:0.09px;display:inline;\">3.5 </div><div class=\"t s3_179\" id=\"t32_179\" style=\"left:843px;bottom:572px;letter-spacing:-0.05px;display:inline;\">3.6 </div>\n<div class=\"t s3_179\" id=\"t33_179\" style=\"left:78px;bottom:553px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Outside the UK </div><div class=\"t s5_179\" id=\"t34_179\" style=\"left:668px;bottom:553px;letter-spacing:0.16px;display:inline;\">4.5 </div><div class=\"t s3_179\" id=\"t35_179\" style=\"left:757px;bottom:553px;letter-spacing:-0.21px;display:inline;\">4.1 </div><div class=\"t s3_179\" id=\"t36_179\" style=\"left:843px;bottom:553px;letter-spacing:0.09px;display:inline;\">3.8 </div>\n<div class=\"t s5_179\" id=\"t37_179\" style=\"left:668px;bottom:535px;display:inline;\">9.8 </div><div class=\"t s3_179\" id=\"t38_179\" style=\"left:758px;bottom:535px;letter-spacing:-0.78px;display:inline;\">7.6 </div>7.4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21897": {
   "value": "4.1 <div class=\"t s2_179\" id=\"t3d_179\" style=\"left:88px;bottom:486px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">Interest income/(expense) </div>\n<div class=\"t s4_179\" id=\"t3e_179\" style=\"left:662px;bottom:463px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t3f_179\" style=\"left:748px;bottom:463px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t3g_179\" style=\"left:835px;bottom:463px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t3h_179\" style=\"left:606px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3i_179\" style=\"left:609px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3j_179\" style=\"left:611px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3k_179\" style=\"left:613px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3l_179\" style=\"left:646px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3m_179\" style=\"left:693px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3n_179\" style=\"left:695px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3o_179\" style=\"left:698px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3p_179\" style=\"left:700px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:733px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3r_179\" style=\"left:780px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3s_179\" style=\"left:782px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3t_179\" style=\"left:784px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:787px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:820px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:866px;bottom:451px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t3x_179\" style=\"left:65px;bottom:432px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Interest income </div><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:672px;bottom:432px;letter-spacing:-0.34px;display:inline;\">14 </div><div class=\"t s3_179\" id=\"t3z_179\" style=\"left:767px;bottom:432px;display:inline;\">6 </div><div class=\"t s3_179\" id=\"t40_179\" style=\"left:854px;bottom:432px;display:inline;\">6 </div>\n<div class=\"t s3_179\" id=\"t41_179\" style=\"left:65px;bottom:413px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest expense: </div><div class=\"t s3_179\" id=\"t42_179\" style=\"left:850px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t43_179\" style=\"left:853px;bottom:413px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t44_179\" style=\"left:78px;bottom:395px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Bank borrowings </div><div class=\"t s5_179\" id=\"t45_179\" style=\"left:675px;bottom:395px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t46_179\" style=\"left:763px;bottom:395px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t47_179\" style=\"left:850px;bottom:395px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s3_179\" id=\"t48_179\" style=\"left:78px;bottom:376px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s5_179\" id=\"t49_179\" style=\"left:667px;bottom:376px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t s3_179\" id=\"t4a_179\" style=\"left:756px;bottom:376px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s3_179\" id=\"t4b_179\" style=\"left:843px;bottom:376px;letter-spacing:-0.52px;display:inline;\">(42) </div>\n<div class=\"t s3_179\" id=\"t4c_179\" style=\"left:78px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:675px;bottom:358px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s3_179\" id=\"t4e_179\" style=\"left:762px;bottom:358px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s3_179\" id=\"t4f_179\" style=\"left:850px;bottom:358px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s3_179\" id=\"t4g_179\" style=\"left:78px;bottom:339px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s5_179\" id=\"t4h_179\" style=\"left:666px;bottom:339px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s3_179\" id=\"t4i_179\" style=\"left:756px;bottom:339px;letter-spacing:-0.34px;display:inline;\">(21) </div><div class=\"t s3_179\" id=\"t4j_179\" style=\"left:850px;bottom:339px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s3_179\" id=\"t4k_179\" style=\"left:78px;bottom:321px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:675px;bottom:321px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_179\" id=\"t4m_179\" style=\"left:763px;bottom:321px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t4n_179\" style=\"left:850px;bottom:321px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s5_179\" id=\"t4o_179\" style=\"left:666px;bottom:303px;letter-spacing:-0.09px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4p_179\" style=\"left:755px;bottom:303px;letter-spacing:-0.07px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4q_179\" style=\"left:843px;bottom:303px;letter-spacing:-0.33px;display:inline;\">(62) </div>\n<div class=\"t s6_179\" id=\"t4r_179\" style=\"left:65px;bottom:284px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Net interest expense </div><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:667px;bottom:284px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t s3_179\" id=\"t4t_179\" style=\"left:756px;bottom:284px;letter-spacing:-0.34px;display:inline;\">(74) </div>(56)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21898": {
   "value": "4.1 <div class=\"t s2_179\" id=\"t3d_179\" style=\"left:88px;bottom:486px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">Interest income/(expense) </div>\n<div class=\"t s4_179\" id=\"t3e_179\" style=\"left:662px;bottom:463px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t3f_179\" style=\"left:748px;bottom:463px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t3g_179\" style=\"left:835px;bottom:463px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t3h_179\" style=\"left:606px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3i_179\" style=\"left:609px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3j_179\" style=\"left:611px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3k_179\" style=\"left:613px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3l_179\" style=\"left:646px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3m_179\" style=\"left:693px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3n_179\" style=\"left:695px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3o_179\" style=\"left:698px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3p_179\" style=\"left:700px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:733px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3r_179\" style=\"left:780px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3s_179\" style=\"left:782px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3t_179\" style=\"left:784px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:787px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:820px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:866px;bottom:451px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t3x_179\" style=\"left:65px;bottom:432px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Interest income </div><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:672px;bottom:432px;letter-spacing:-0.34px;display:inline;\">14 </div><div class=\"t s3_179\" id=\"t3z_179\" style=\"left:767px;bottom:432px;display:inline;\">6 </div><div class=\"t s3_179\" id=\"t40_179\" style=\"left:854px;bottom:432px;display:inline;\">6 </div>\n<div class=\"t s3_179\" id=\"t41_179\" style=\"left:65px;bottom:413px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest expense: </div><div class=\"t s3_179\" id=\"t42_179\" style=\"left:850px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t43_179\" style=\"left:853px;bottom:413px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t44_179\" style=\"left:78px;bottom:395px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Bank borrowings </div><div class=\"t s5_179\" id=\"t45_179\" style=\"left:675px;bottom:395px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t46_179\" style=\"left:763px;bottom:395px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t47_179\" style=\"left:850px;bottom:395px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s3_179\" id=\"t48_179\" style=\"left:78px;bottom:376px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s5_179\" id=\"t49_179\" style=\"left:667px;bottom:376px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t s3_179\" id=\"t4a_179\" style=\"left:756px;bottom:376px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s3_179\" id=\"t4b_179\" style=\"left:843px;bottom:376px;letter-spacing:-0.52px;display:inline;\">(42) </div>\n<div class=\"t s3_179\" id=\"t4c_179\" style=\"left:78px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:675px;bottom:358px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s3_179\" id=\"t4e_179\" style=\"left:762px;bottom:358px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s3_179\" id=\"t4f_179\" style=\"left:850px;bottom:358px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s3_179\" id=\"t4g_179\" style=\"left:78px;bottom:339px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s5_179\" id=\"t4h_179\" style=\"left:666px;bottom:339px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s3_179\" id=\"t4i_179\" style=\"left:756px;bottom:339px;letter-spacing:-0.34px;display:inline;\">(21) </div><div class=\"t s3_179\" id=\"t4j_179\" style=\"left:850px;bottom:339px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s3_179\" id=\"t4k_179\" style=\"left:78px;bottom:321px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:675px;bottom:321px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_179\" id=\"t4m_179\" style=\"left:763px;bottom:321px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t4n_179\" style=\"left:850px;bottom:321px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s5_179\" id=\"t4o_179\" style=\"left:666px;bottom:303px;letter-spacing:-0.09px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4p_179\" style=\"left:755px;bottom:303px;letter-spacing:-0.07px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4q_179\" style=\"left:843px;bottom:303px;letter-spacing:-0.33px;display:inline;\">(62) </div>\n<div class=\"t s6_179\" id=\"t4r_179\" style=\"left:65px;bottom:284px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Net interest expense </div><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:667px;bottom:284px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t s3_179\" id=\"t4t_179\" style=\"left:756px;bottom:284px;letter-spacing:-0.34px;display:inline;\">(74) </div>(56) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21899": {
   "value": "4.1 <div class=\"t s2_179\" id=\"t3d_179\" style=\"left:88px;bottom:486px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">Interest income/(expense) </div>\n<div class=\"t s4_179\" id=\"t3e_179\" style=\"left:662px;bottom:463px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t3f_179\" style=\"left:748px;bottom:463px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t3g_179\" style=\"left:835px;bottom:463px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t3h_179\" style=\"left:606px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3i_179\" style=\"left:609px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3j_179\" style=\"left:611px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3k_179\" style=\"left:613px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3l_179\" style=\"left:646px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3m_179\" style=\"left:693px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3n_179\" style=\"left:695px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3o_179\" style=\"left:698px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3p_179\" style=\"left:700px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3q_179\" style=\"left:733px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3r_179\" style=\"left:780px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3s_179\" style=\"left:782px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3t_179\" style=\"left:784px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3u_179\" style=\"left:787px;bottom:451px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t3v_179\" style=\"left:820px;bottom:451px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t3w_179\" style=\"left:866px;bottom:451px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t3x_179\" style=\"left:65px;bottom:432px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Interest income </div><div class=\"t s5_179\" id=\"t3y_179\" style=\"left:672px;bottom:432px;letter-spacing:-0.34px;display:inline;\">14 </div><div class=\"t s3_179\" id=\"t3z_179\" style=\"left:767px;bottom:432px;display:inline;\">6 </div><div class=\"t s3_179\" id=\"t40_179\" style=\"left:854px;bottom:432px;display:inline;\">6 </div>\n<div class=\"t s3_179\" id=\"t41_179\" style=\"left:65px;bottom:413px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest expense: </div><div class=\"t s3_179\" id=\"t42_179\" style=\"left:850px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t43_179\" style=\"left:853px;bottom:413px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t44_179\" style=\"left:78px;bottom:395px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Bank borrowings </div><div class=\"t s5_179\" id=\"t45_179\" style=\"left:675px;bottom:395px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t46_179\" style=\"left:763px;bottom:395px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t47_179\" style=\"left:850px;bottom:395px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s3_179\" id=\"t48_179\" style=\"left:78px;bottom:376px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s5_179\" id=\"t49_179\" style=\"left:667px;bottom:376px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t s3_179\" id=\"t4a_179\" style=\"left:756px;bottom:376px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s3_179\" id=\"t4b_179\" style=\"left:843px;bottom:376px;letter-spacing:-0.52px;display:inline;\">(42) </div>\n<div class=\"t s3_179\" id=\"t4c_179\" style=\"left:78px;bottom:358px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div><div class=\"t s5_179\" id=\"t4d_179\" style=\"left:675px;bottom:358px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s3_179\" id=\"t4e_179\" style=\"left:762px;bottom:358px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s3_179\" id=\"t4f_179\" style=\"left:850px;bottom:358px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s3_179\" id=\"t4g_179\" style=\"left:78px;bottom:339px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s5_179\" id=\"t4h_179\" style=\"left:666px;bottom:339px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s3_179\" id=\"t4i_179\" style=\"left:756px;bottom:339px;letter-spacing:-0.34px;display:inline;\">(21) </div><div class=\"t s3_179\" id=\"t4j_179\" style=\"left:850px;bottom:339px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s3_179\" id=\"t4k_179\" style=\"left:78px;bottom:321px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_179\" id=\"t4l_179\" style=\"left:675px;bottom:321px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_179\" id=\"t4m_179\" style=\"left:763px;bottom:321px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t4n_179\" style=\"left:850px;bottom:321px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t s5_179\" id=\"t4o_179\" style=\"left:666px;bottom:303px;letter-spacing:-0.09px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4p_179\" style=\"left:755px;bottom:303px;letter-spacing:-0.07px;display:inline;\">(80) </div><div class=\"t s3_179\" id=\"t4q_179\" style=\"left:843px;bottom:303px;letter-spacing:-0.33px;display:inline;\">(62) </div>\n<div class=\"t s6_179\" id=\"t4r_179\" style=\"left:65px;bottom:284px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Net interest expense </div><div class=\"t s5_179\" id=\"t4s_179\" style=\"left:667px;bottom:284px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t s3_179\" id=\"t4t_179\" style=\"left:756px;bottom:284px;letter-spacing:-0.34px;display:inline;\">(74) </div>(56) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f21961": {
   "value": "4.2 <div class=\"t s2_179\" id=\"t4w_179\" style=\"left:88px;bottom:255px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">Other \ufb01nance costs </div>\n<div class=\"t s4_179\" id=\"t4x_179\" style=\"left:662px;bottom:232px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s4_179\" id=\"t4y_179\" style=\"left:748px;bottom:232px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s4_179\" id=\"t4z_179\" style=\"left:835px;bottom:232px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s4_179\" id=\"t50_179\" style=\"left:520px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t51_179\" style=\"left:522px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t52_179\" style=\"left:524px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t53_179\" style=\"left:527px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t54_179\" style=\"left:572px;bottom:220px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s4_179\" id=\"t55_179\" style=\"left:609px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t56_179\" style=\"left:611px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t57_179\" style=\"left:613px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t58_179\" style=\"left:646px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t59_179\" style=\"left:693px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5a_179\" style=\"left:695px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5b_179\" style=\"left:698px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5c_179\" style=\"left:700px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5d_179\" style=\"left:733px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t5e_179\" style=\"left:780px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5f_179\" style=\"left:782px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5g_179\" style=\"left:784px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5h_179\" style=\"left:787px;bottom:220px;display:inline;\">\u00a0</div><div class=\"t s4_179\" id=\"t5i_179\" style=\"left:820px;bottom:220px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_179\" id=\"t5j_179\" style=\"left:866px;bottom:220px;display:inline;\">\u00a0</div>\n<div class=\"t s3_179\" id=\"t5k_179\" style=\"left:65px;bottom:201px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Retirement bene\ufb01t net interest expense </div><div class=\"t s3_179\" id=\"t5l_179\" style=\"left:586px;bottom:201px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s5_179\" id=\"t5m_179\" style=\"left:675px;bottom:201px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s3_179\" id=\"t5n_179\" style=\"left:763px;bottom:201px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t s3_179\" id=\"t5o_179\" style=\"left:850px;bottom:201px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s3_179\" id=\"t5p_179\" style=\"left:65px;bottom:182px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t s3_179\" id=\"t5q_179\" style=\"left:590px;bottom:182px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t5r_179\" style=\"left:593px;bottom:182px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t5s_179\" style=\"left:675px;bottom:182px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s3_179\" id=\"t5t_179\" style=\"left:756px;bottom:182px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s3_179\" id=\"t5u_179\" style=\"left:843px;bottom:182px;letter-spacing:-0.45px;display:inline;\">(11) </div>\n<div class=\"t s3_179\" id=\"t5v_179\" style=\"left:65px;bottom:164px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s3_179\" id=\"t5w_179\" style=\"left:590px;bottom:164px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t5x_179\" style=\"left:593px;bottom:164px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t5y_179\" style=\"left:680px;bottom:164px;display:inline;\">3 </div><div class=\"t s3_179\" id=\"t5z_179\" style=\"left:764px;bottom:164px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s3_179\" id=\"t60_179\" style=\"left:854px;bottom:164px;display:inline;\">6 </div>\n<div class=\"t s6_179\" id=\"t61_179\" style=\"left:65px;bottom:145px;letter-spacing:0.19px;word-spacing:-0.14px;display:inline;\">Other \ufb01nance costs </div><div class=\"t s3_179\" id=\"t62_179\" style=\"left:590px;bottom:145px;display:inline;\">\u00a0</div><div class=\"t s3_179\" id=\"t63_179\" style=\"left:593px;bottom:145px;display:inline;\">\u00a0</div><div class=\"t s5_179\" id=\"t64_179\" style=\"left:675px;bottom:145px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t s3_179\" id=\"t65_179\" style=\"left:756px;bottom:145px;letter-spacing:-0.3px;display:inline;\">(17) </div>(7) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22032": {
   "value": "5 <div class=\"t s6_180\" id=\"t6_180\" style=\"left:56px;bottom:956px;letter-spacing:-0.2px;display:inline;\">Taxation </div>\n<div class=\"t s7_180\" id=\"t7_180\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_180\" id=\"t8_180\" style=\"left:53px;bottom:911px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The charge for current taxation is based on the results for the year as adjusted for items which are non-assessable or non-deductible. </div>\n<div class=\"t s8_180\" id=\"t9_180\" style=\"left:53px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">It is calculated using tax rates that have been enacted or substantively enacted as at the balance sheet date. </div>\n<div class=\"t s8_180\" id=\"ta_180\" style=\"left:53px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world. At any given time, the Group typically is involved in tax audits </div>\n<div class=\"t s8_180\" id=\"tb_180\" style=\"left:53px;bottom:857px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and other disputes and will have other tax returns potentially subject to audit. Signi\ufb01cant issues may take several years to resolve. </div>\n<div class=\"t s8_180\" id=\"tc_180\" style=\"left:53px;bottom:842px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In estimating the probability and amount of any tax charge, management takes into account the views of internal and external </div>\n<div class=\"t s8_180\" id=\"td_180\" style=\"left:53px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">advisers and updates the amount of tax provision where considered appropriate. The ultimate tax liability may di\ufb00er from the </div>\n<div class=\"t s8_180\" id=\"te_180\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount\u00a0provided depending on factors including interpretations of\u00a0tax law and settlement negotiations. </div>\n<div class=\"t s8_180\" id=\"tf_180\" style=\"left:53px;bottom:787px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred tax is recognised in respect of temporary di\ufb00erences between the carrying amounts of assets and liabilities for \ufb01nancial </div>\n<div class=\"t s8_180\" id=\"tg_180\" style=\"left:53px;bottom:772px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">reporting purposes and the amounts used for taxation purposes. </div>\n<div class=\"t s8_180\" id=\"th_180\" style=\"left:53px;bottom:748px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Deferred tax is not recognised: for temporary di\ufb00erences related to investments in subsidiaries and associates where the Group is </div>\n<div class=\"t s8_180\" id=\"ti_180\" style=\"left:53px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">able to control the timing of the reversal of the temporary di\ufb00erence and it is probable that this will not reverse in the foreseeable </div>\n<div class=\"t s8_180\" id=\"tj_180\" style=\"left:53px;bottom:717px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">future; on the initial recognition of non-deductible goodwill; and on the initial recognition of an asset or liability in a transaction that </div>\n<div class=\"t s8_180\" id=\"tk_180\" style=\"left:53px;bottom:702px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">is\u00a0not a business combination and that, at the time of the transaction, does not a\ufb00ect the accounting or taxable pro\ufb01t. </div>\n<div class=\"t s8_180\" id=\"tl_180\" style=\"left:53px;bottom:678px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets are recognised to the extent that it is probable that future taxable pro\ufb01ts will be available against which they </div>\n<div class=\"t s8_180\" id=\"tm_180\" style=\"left:53px;bottom:663px;word-spacing:-0.11px;display:inline;\">can\u00a0be used. Deferred tax assets are reviewed at each reporting date taking into account the recoverability of the deferred tax assets, </div>\n<div class=\"t s8_180\" id=\"tn_180\" style=\"left:53px;bottom:648px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability and any restrictions on use. The Group considers available evidence to assess future pro\ufb01tability over a reasonably </div>\n<div class=\"t s8_180\" id=\"to_180\" style=\"left:53px;bottom:632px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">foreseeable time period, depending on the circumstances and typically a minimum of \ufb01ve years. Any material unrecognised deferred </div>\n<div class=\"t s8_180\" id=\"tp_180\" style=\"left:53px;bottom:617px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">tax assets are disclosed in Note 5.2. </div>\n<div class=\"t s8_180\" id=\"tq_180\" style=\"left:53px;bottom:593px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Deferred tax is measured on an undiscounted basis, and at the tax rates that have been enacted or substantively enacted as at the </div>\n<div class=\"t s8_180\" id=\"tr_180\" style=\"left:53px;bottom:578px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">balance sheet date that are expected to apply in the periods in which the asset or liability is settled. It is recognised in the income </div>\n<div class=\"t s8_180\" id=\"ts_180\" style=\"left:53px;bottom:563px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">statement except when it relates to items credited or charged directly to other comprehensive income or equity, in which case </div>\n<div class=\"t s8_180\" id=\"tt_180\" style=\"left:53px;bottom:547px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0deferred tax is also recognised within other comprehensive income or equity respectively. </div>\n<div class=\"t s8_180\" id=\"tu_180\" style=\"left:53px;bottom:523px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets and liabilities are o\ufb00set when they relate to income taxes levied by the same taxation authority, the Group </div>\n<div class=\"t s8_180\" id=\"tv_180\" style=\"left:53px;bottom:508px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">intends to settle its current tax assets and liabilities on a net basis, o\ufb00set is permissible according to the relevant jurisdiction\u2019s </div>\n<div class=\"t s8_180\" id=\"tw_180\" style=\"left:53px;bottom:493px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">tax\u00a0laws and that authority permits the Group to make a single net payment. </div>\n<div class=\"t s9_180\" id=\"tx_180\" style=\"left:43px;bottom:455px;letter-spacing:-0.36px;display:inline;\">5.1 </div><div class=\"t sa_180\" id=\"ty_180\" style=\"left:66px;bottom:455px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Taxation charge attributable to the Group </div>\n<div class=\"t sb_180\" id=\"tz_180\" style=\"left:640px;bottom:432px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_180\" id=\"t10_180\" style=\"left:727px;bottom:432px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sb_180\" id=\"t11_180\" style=\"left:813px;bottom:432px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t sb_180\" id=\"t12_180\" style=\"left:585px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t13_180\" style=\"left:587px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t14_180\" style=\"left:589px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t15_180\" style=\"left:592px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t16_180\" style=\"left:625px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t17_180\" style=\"left:671px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t18_180\" style=\"left:674px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t19_180\" style=\"left:676px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1a_180\" style=\"left:678px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1b_180\" style=\"left:711px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t1c_180\" style=\"left:758px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1d_180\" style=\"left:760px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1e_180\" style=\"left:763px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1f_180\" style=\"left:765px;bottom:420px;display:inline;\">\u00a0</div><div class=\"t sb_180\" id=\"t1g_180\" style=\"left:798px;bottom:420px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_180\" id=\"t1h_180\" style=\"left:844px;bottom:420px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t1i_180\" style=\"left:43px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Current taxation:\u00a0</div><div class=\"t sc_180\" id=\"t1j_180\" style=\"left:147px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t1k_180\" style=\"left:655px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t1l_180\" style=\"left:658px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1m_180\" style=\"left:742px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1n_180\" style=\"left:745px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1o_180\" style=\"left:828px;bottom:401px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t1p_180\" style=\"left:831px;bottom:401px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t1q_180\" style=\"left:56px;bottom:382px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">UK corporation tax </div><div class=\"t sd_180\" id=\"t1r_180\" style=\"left:651px;bottom:382px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sc_180\" id=\"t1s_180\" style=\"left:738px;bottom:382px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t sc_180\" id=\"t1t_180\" style=\"left:825px;bottom:382px;letter-spacing:-0.7px;display:inline;\">16 </div>\n<div class=\"t sc_180\" id=\"t1u_180\" style=\"left:56px;bottom:364px;letter-spacing:0.24px;word-spacing:-0.2px;display:inline;\">Overseas tax </div><div class=\"t sd_180\" id=\"t1v_180\" style=\"left:641px;bottom:364px;letter-spacing:-0.17px;display:inline;\">104 </div><div class=\"t sc_180\" id=\"t1w_180\" style=\"left:730px;bottom:364px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t sc_180\" id=\"t1x_180\" style=\"left:824px;bottom:364px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t sc_180\" id=\"t1y_180\" style=\"left:43px;bottom:345px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Current income tax charge </div><div class=\"t sd_180\" id=\"t1z_180\" style=\"left:642px;bottom:345px;letter-spacing:-0.54px;display:inline;\">121 </div><div class=\"t sc_180\" id=\"t20_180\" style=\"left:730px;bottom:345px;letter-spacing:-0.3px;display:inline;\">140 </div><div class=\"t sc_180\" id=\"t21_180\" style=\"left:824px;bottom:345px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t sc_180\" id=\"t22_180\" style=\"left:43px;bottom:327px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Adjustments in respect of prior periods </div><div class=\"t sd_180\" id=\"t23_180\" style=\"left:645px;bottom:327px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t sc_180\" id=\"t24_180\" style=\"left:734px;bottom:327px;letter-spacing:-0.11px;display:inline;\">(33) </div><div class=\"t sc_180\" id=\"t25_180\" style=\"left:814px;bottom:327px;letter-spacing:-0.47px;display:inline;\">(191) </div>\n<div class=\"t se_180\" id=\"t26_180\" style=\"left:43px;bottom:308px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total current taxation </div><div class=\"t sd_180\" id=\"t27_180\" style=\"left:642px;bottom:308px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t sc_180\" id=\"t28_180\" style=\"left:731px;bottom:308px;letter-spacing:-0.59px;display:inline;\">107 </div><div class=\"t sc_180\" id=\"t29_180\" style=\"left:813px;bottom:308px;letter-spacing:-0.15px;display:inline;\">(135) </div>\n<div class=\"t sc_180\" id=\"t2a_180\" style=\"left:43px;bottom:290px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred taxation: </div><div class=\"t sd_180\" id=\"t2b_180\" style=\"left:655px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sd_180\" id=\"t2c_180\" style=\"left:658px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2d_180\" style=\"left:742px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2e_180\" style=\"left:745px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2f_180\" style=\"left:828px;bottom:290px;display:inline;\">\u00a0</div><div class=\"t sc_180\" id=\"t2g_180\" style=\"left:831px;bottom:290px;display:inline;\">\u00a0</div>\n<div class=\"t sc_180\" id=\"t2h_180\" style=\"left:56px;bottom:272px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Origination and reversal of temporary di\ufb00erences </div><div class=\"t sd_180\" id=\"t2i_180\" style=\"left:644px;bottom:272px;display:inline;\">(77) </div><div class=\"t sc_180\" id=\"t2j_180\" style=\"left:734px;bottom:272px;letter-spacing:-0.04px;display:inline;\">(35) </div><div class=\"t sc_180\" id=\"t2k_180\" style=\"left:821px;bottom:272px;letter-spacing:-0.4px;display:inline;\">(49) </div>\n<div class=\"t sc_180\" id=\"t2l_180\" style=\"left:56px;bottom:253px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Changes in tax rates </div><div class=\"t sd_180\" id=\"t2m_180\" style=\"left:653px;bottom:253px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sc_180\" id=\"t2n_180\" style=\"left:735px;bottom:253px;letter-spacing:-0.35px;display:inline;\">(14) </div><div class=\"t sc_180\" id=\"t2o_180\" style=\"left:821px;bottom:253px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t sc_180\" id=\"t2p_180\" style=\"left:56px;bottom:235px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Adjustments to estimated amounts arising in prior periods </div><div class=\"t sd_180\" id=\"t2q_180\" style=\"left:646px;bottom:235px;letter-spacing:-0.4px;display:inline;\">(17) </div><div class=\"t sc_180\" id=\"t2r_180\" style=\"left:745px;bottom:235px;display:inline;\">4 </div><div class=\"t sc_180\" id=\"t2s_180\" style=\"left:828px;bottom:235px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t se_180\" id=\"t2t_180\" style=\"left:43px;bottom:216px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Total deferred taxation </div><div class=\"t sd_180\" id=\"t2u_180\" style=\"left:645px;bottom:216px;letter-spacing:-0.21px;display:inline;\">(99) </div><div class=\"t sc_180\" id=\"t2v_180\" style=\"left:734px;bottom:216px;letter-spacing:-0.3px;display:inline;\">(45) </div><div class=\"t sc_180\" id=\"t2w_180\" style=\"left:820px;bottom:216px;letter-spacing:-0.07px;display:inline;\">(67) </div>\n<div class=\"t sc_180\" id=\"t2x_180\" style=\"left:43px;bottom:198px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Total taxation as per the income statement </div><div class=\"t sd_180\" id=\"t2y_180\" style=\"left:650px;bottom:198px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sc_180\" id=\"t2z_180\" style=\"left:738px;bottom:198px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t sc_180\" id=\"t30_180\" style=\"left:813px;bottom:198px;letter-spacing:-0.24px;display:inline;\">(202) </div>\n<div class=\"t sc_180\" id=\"t31_180\" style=\"left:43px;bottom:179px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Taxation in other comprehensive income </div><div class=\"t sd_180\" id=\"t32_180\" style=\"left:658px;bottom:179px;display:inline;\">5 </div><div class=\"t sc_180\" id=\"t33_180\" style=\"left:738px;bottom:179px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t sc_180\" id=\"t34_180\" style=\"left:832px;bottom:179px;display:inline;\">\u2013 </div>\n<div class=\"t sc_180\" id=\"t35_180\" style=\"left:43px;bottom:161px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Taxation in equity </div><div class=\"t sd_180\" id=\"t36_180\" style=\"left:658px;bottom:161px;display:inline;\">3 </div><div class=\"t sc_180\" id=\"t37_180\" style=\"left:745px;bottom:161px;display:inline;\">1 </div><div class=\"t sc_180\" id=\"t38_180\" style=\"left:832px;bottom:161px;display:inline;\">4 </div>\n<div class=\"t se_180\" id=\"t39_180\" style=\"left:43px;bottom:143px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">Taxation charge/(credit) attributable to the Group </div><div class=\"t sd_180\" id=\"t3a_180\" style=\"left:650px;bottom:143px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t sc_180\" id=\"t3b_180\" style=\"left:737px;bottom:143px;letter-spacing:0.07px;display:inline;\">90 </div><div class=\"t sc_180\" id=\"t3c_180\" style=\"left:813px;bottom:143px;letter-spacing:-0.21px;display:inline;\">(198) </div>\n<div class=\"t sf_180\" id=\"t3d_180\" style=\"left:43px;bottom:11px;letter-spacing:-1.59px;display:inline;\">178 </div><div class=\"t sg_180\" id=\"t3e_180\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_180\" id=\"t3f_180\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_181\" id=\"t1_181\" style=\"left:65px;bottom:958px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">The 2022 and 2021 net prior period adjustments of $27m and $29m respectively relate principally to provision releases following the </div>\n<div class=\"t s1_181\" id=\"t2_181\" style=\"left:65px;bottom:943px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">resolution of tax audits and other uncertain tax matters, and other one-o\ufb00 items. The 2020 net prior period adjustment of $197m </div>\n<div class=\"t s1_181\" id=\"t3_181\" style=\"left:65px;bottom:927px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">is\u00a0explained predominantly by a $100m prior year current tax credit due to the successful outcome of UK tax litigation, releases </div>\n<div class=\"t s1_181\" id=\"t4_181\" style=\"left:65px;bottom:912px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0provisions following the conclusion of tax audits, and loss carry-backs to prior periods. </div>\n<div class=\"t s1_181\" id=\"t5_181\" style=\"left:65px;bottom:888px;letter-spacing:0.02px;word-spacing:0.02px;display:inline;\">The total taxation charge of $12m as per the income statement includes a $127m net credit (2021: $85m net credit, 2020: $274m net </div>\n<div class=\"t s1_181\" id=\"t6_181\" style=\"left:65px;bottom:873px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">credit) as a consequence of restructuring and rationalisation-related costs, acquisition and disposal-related items, amortisation and </div>\n<div class=\"t s1_181\" id=\"t7_181\" style=\"left:65px;bottom:858px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">impairment of acquisition intangibles, legal and other items. The 2020 net credit was signi\ufb01cantly higher predominantly as a result of </div>\n<div class=\"t s1_181\" id=\"t8_181\" style=\"left:65px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">refunds and future recoverable amounts recognised following the successful outcome of the UK tax litigation disclosed in the 2020 </div>\n<div class=\"t s1_181\" id=\"t9_181\" style=\"left:65px;bottom:827px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Annual Report ($142m), and also a one-o\ufb00 carry-back of losses attributable to non-trading costs to prior periods taxable at a higher rate. </div>\n<div class=\"t s2_181\" id=\"ta_181\" style=\"left:65px;bottom:803px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Factors a\ufb00ecting future tax charges </div>\n<div class=\"t s1_181\" id=\"tb_181\" style=\"left:65px;bottom:785px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world and is subject to factors that may a\ufb00ect future tax charges including </div>\n<div class=\"t s1_181\" id=\"tc_181\" style=\"left:65px;bottom:770px;letter-spacing:0.14px;word-spacing:-0.13px;display:inline;\">transfer pricing, tax rate changes, tax legislation changes, tax authority interpretation, expiry of statute of limitations, tax litigation, </div>\n<div class=\"t s1_181\" id=\"td_181\" style=\"left:65px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0resolution of tax audits and disputes. </div>\n<div class=\"t s1_181\" id=\"te_181\" style=\"left:65px;bottom:731px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">At any given time, the Group has unagreed years outstanding in various countries and is involved in tax audits and disputes, some of </div>\n<div class=\"t s1_181\" id=\"tf_181\" style=\"left:65px;bottom:715px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">which may take several years to resolve. Provisions are based on best estimates and management\u2019s judgements concerning the likely </div>\n<div class=\"t s1_181\" id=\"tg_181\" style=\"left:65px;bottom:700px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">ultimate outcome of any audit or dispute. Management considers the speci\ufb01c circumstances of each tax position and takes external </div>\n<div class=\"t s1_181\" id=\"th_181\" style=\"left:65px;bottom:685px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">advice, where appropriate, to assess the range of potential outcomes and estimate additional tax that may be due. Total tax liabilities </div>\n<div class=\"t s1_181\" id=\"ti_181\" style=\"left:65px;bottom:669px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">include $150m (2021: $152m) in relation to uncertain tax positions which relate to multiple issues across the jurisdictions in which </div>\n<div class=\"t s1_181\" id=\"tj_181\" style=\"left:65px;bottom:654px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">the Group operates. Other payables include $10m (2021: $14m) of interest on these provisions. There are $37m (2021: $106m) of tax </div>\n<div class=\"t s1_181\" id=\"tk_181\" style=\"left:65px;bottom:639px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">receivables relating to payments on account and repayments due in a number of jurisdictions, principally relating to the US. </div>\n<div class=\"t s1_181\" id=\"tl_181\" style=\"left:65px;bottom:615px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group believes that it has made adequate provision in respect of additional tax liabilities that may arise from unagreed years, tax </div>\n<div class=\"t s1_181\" id=\"tm_181\" style=\"left:65px;bottom:600px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">audits and disputes, the majority of which relate to transfer pricing matters, as would be expected for a Group operating internationally. </div>\n<div class=\"t s1_181\" id=\"tn_181\" style=\"left:65px;bottom:584px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">However, the actual liability for any particular issue may be higher or lower than the amount provided, resulting in a negative or positive </div>\n<div class=\"t s1_181\" id=\"to_181\" style=\"left:65px;bottom:569px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">e\ufb00ect on the tax charge in any given year. A reduction in the tax charge may also arise for other reasons such as an expiry of the relevant </div>\n<div class=\"t s1_181\" id=\"tp_181\" style=\"left:65px;bottom:554px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">statute of limitations. Depending on the \ufb01nal outcome of tax audits which are currently in progress, statute of limitations expiry, and </div>\n<div class=\"t s1_181\" id=\"tq_181\" style=\"left:65px;bottom:539px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">other factors, an impact on the tax charge could arise. Whilst such an impact can vary from year to year, these releases depend on </div>\n<div class=\"t s1_181\" id=\"tr_181\" style=\"left:65px;bottom:523px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">factors which are uncertain, both as to outcome and timing. However, at the current time, we believe the possibility of a material impact </div>\n<div class=\"t s1_181\" id=\"ts_181\" style=\"left:65px;bottom:508px;letter-spacing:0.04px;word-spacing:-0.02px;display:inline;\">on\u00a0the tax charge for 2023 is unlikely. </div>\n<div class=\"t s2_181\" id=\"tt_181\" style=\"left:65px;bottom:483px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">OECD BEPS 2.0 \u2013 Pillar Two </div>\n<div class=\"t s1_181\" id=\"tu_181\" style=\"left:65px;bottom:466px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The OECD Pillar Two Globe Rules introduce a global minimum corporate tax rate of 15% applicable to multinational enterprise (MNE) </div>\n<div class=\"t s1_181\" id=\"tv_181\" style=\"left:65px;bottom:451px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">groups with global revenue over \u20ac750m. All participating OECD members are required to incorporate these rules into national legislation. </div>\n<div class=\"t s1_181\" id=\"tw_181\" style=\"left:65px;bottom:435px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On 2 February 2023, the OECD published its Agreed Administrative Guidance for the Pillar Two Globe Rules providing greater detail on </div>\n<div class=\"t s1_181\" id=\"tx_181\" style=\"left:65px;bottom:420px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">the application of the rules. The Group will be subject to the Pillar Two Model Rules which is likely to result in an increase in our\u00a0Group tax </div>\n<div class=\"t s1_181\" id=\"ty_181\" style=\"left:65px;bottom:405px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">rate from 2024 onwards. The Group does not meet the threshold for application of the Pillar One transfer pricing rules. </div>\n<div class=\"t s3_181\" id=\"tz_181\" style=\"left:831px;bottom:11px;letter-spacing:-1.49px;display:inline;\">179 </div><div class=\"t s4_181\" id=\"t10_181\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s5_181\" id=\"t11_181\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s6_181\" id=\"t12_181\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s6_181\" id=\"t13_181\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s7_181\" id=\"t14_181\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s6_181\" id=\"t15_181\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_182\" id=\"t1_182\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_182\" id=\"t2_182\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_182\" id=\"t3_182\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_182\" id=\"t4_182\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_182\" id=\"t5_182\" style=\"left:43px;bottom:956px;display:inline;\">5 </div><div class=\"t s6_182\" id=\"t6_182\" style=\"left:56px;bottom:956px;letter-spacing:-0.22px;display:inline;\">Taxation </div><div class=\"t s7_182\" id=\"t7_182\" style=\"left:119px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_182\" id=\"t8_182\" style=\"left:43px;bottom:939px;letter-spacing:-0.24px;word-spacing:-0.01px;display:inline;\">The UK standard rate of corporation tax for 2022 is 19.0% (2021: 19.0%, 2020: 19.0%). Overseas taxation is calculated at the rates prevailing </div>\n<div class=\"t s8_182\" id=\"t9_182\" style=\"left:43px;bottom:924px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">in\u00a0the respective jurisdictions. The table below reconciles the expected tax charge at the UK statutory rate with the actual tax charge. </div>\n<div class=\"t s8_182\" id=\"ta_182\" style=\"left:43px;bottom:900px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">The UK Government announced on 14 October 2022 that the UK corporation tax rate will increase to 25% from 1 April 2023 as already </div>\n<div class=\"t s8_182\" id=\"tb_182\" style=\"left:43px;bottom:885px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">enacted in the UK Finance Act 2021. The impact of this rate change is re\ufb02ected in the calculation of the taxation charge, and in the tax </div>\n<div class=\"t s8_182\" id=\"tc_182\" style=\"left:43px;bottom:869px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">reconciliation below. </div>\n<div class=\"t s9_182\" id=\"td_182\" style=\"left:640px;bottom:856px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_182\" id=\"te_182\" style=\"left:727px;bottom:856px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_182\" id=\"tf_182\" style=\"left:813px;bottom:856px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_182\" id=\"tg_182\" style=\"left:585px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"th_182\" style=\"left:587px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"ti_182\" style=\"left:589px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tj_182\" style=\"left:592px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tk_182\" style=\"left:625px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tl_182\" style=\"left:671px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tm_182\" style=\"left:674px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tn_182\" style=\"left:676px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"to_182\" style=\"left:678px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tp_182\" style=\"left:711px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tq_182\" style=\"left:758px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tr_182\" style=\"left:760px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"ts_182\" style=\"left:763px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tt_182\" style=\"left:765px;bottom:844px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"tu_182\" style=\"left:798px;bottom:844px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"tv_182\" style=\"left:844px;bottom:844px;display:inline;\">\u00a0</div>\n<div class=\"t sa_182\" id=\"tw_182\" style=\"left:43px;bottom:824px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Pro\ufb01t before taxation </div><div class=\"t sb_182\" id=\"tx_182\" style=\"left:642px;bottom:824px;letter-spacing:-0.25px;display:inline;\">235 </div><div class=\"t s8_182\" id=\"ty_182\" style=\"left:730px;bottom:824px;letter-spacing:-0.07px;display:inline;\">586 </div><div class=\"t s8_182\" id=\"tz_182\" style=\"left:817px;bottom:824px;letter-spacing:-0.37px;display:inline;\">246 </div>\n<div class=\"t s8_182\" id=\"t10_182\" style=\"left:43px;bottom:805px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">Expected taxation at UK statutory rate of 19.0% (2021: 19.0%, 2020: 19%) </div><div class=\"t sb_182\" id=\"t11_182\" style=\"left:650px;bottom:805px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t s8_182\" id=\"t12_182\" style=\"left:731px;bottom:805px;letter-spacing:-0.53px;display:inline;\">111 </div><div class=\"t s8_182\" id=\"t13_182\" style=\"left:825px;bottom:805px;letter-spacing:-0.59px;display:inline;\">47 </div>\n<div class=\"t s8_182\" id=\"t14_182\" style=\"left:43px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Di\ufb00erences in overseas taxation rates </div><div class=\"t sb_182\" id=\"t15_182\" style=\"left:645px;bottom:787px;letter-spacing:-0.35px;display:inline;\">(19) </div><div class=\"t s8_182\" id=\"t16_182\" style=\"left:734px;bottom:787px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_182\" id=\"t17_182\" style=\"left:820px;bottom:787px;letter-spacing:-0.01px;display:inline;\">(37) </div>\n<div class=\"t s8_182\" id=\"t18_182\" style=\"left:43px;bottom:769px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Innovation reliefs </div><div class=\"t sb_182\" id=\"t19_182\" style=\"left:645px;bottom:769px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t1a_182\" style=\"left:734px;bottom:769px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t s8_182\" id=\"t1b_182\" style=\"left:828px;bottom:769px;letter-spacing:-0.16px;display:inline;\">(9) </div>\n<div class=\"t s8_182\" id=\"t1c_182\" style=\"left:43px;bottom:750px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Tax losses and other deferred tax assets not recognised </div><div class=\"t sb_182\" id=\"t1d_182\" style=\"left:659px;bottom:750px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t1e_182\" style=\"left:745px;bottom:750px;display:inline;\">7 </div><div class=\"t s8_182\" id=\"t1f_182\" style=\"left:824px;bottom:750px;letter-spacing:-0.24px;display:inline;\">15 </div>\n<div class=\"t s8_182\" id=\"t1g_182\" style=\"left:43px;bottom:732px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Recognition of previously unrecognised tax losses </div><div class=\"t sb_182\" id=\"t1h_182\" style=\"left:654px;bottom:732px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t s8_182\" id=\"t1i_182\" style=\"left:742px;bottom:732px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t1j_182\" style=\"left:821px;bottom:732px;letter-spacing:-0.3px;display:inline;\">(45) </div>\n<div class=\"t s8_182\" id=\"t1k_182\" style=\"left:43px;bottom:713px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Expenses not deductible for tax purposes </div>\n<div class=\"t sc_182\" id=\"t1l_182\" style=\"left:286px;bottom:720px;display:inline;\">1 </div>\n<div class=\"t sb_182\" id=\"t1m_182\" style=\"left:650px;bottom:713px;letter-spacing:-0.61px;display:inline;\">31 </div><div class=\"t s8_182\" id=\"t1n_182\" style=\"left:738px;bottom:713px;letter-spacing:-0.4px;display:inline;\">22 </div><div class=\"t s8_182\" id=\"t1o_182\" style=\"left:824px;bottom:713px;letter-spacing:-0.26px;display:inline;\">29 </div>\n<div class=\"t s8_182\" id=\"t1p_182\" style=\"left:43px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Change in tax rates </div>\n<div class=\"t sc_182\" id=\"t1q_182\" style=\"left:157px;bottom:702px;display:inline;\">2 </div>\n<div class=\"t sb_182\" id=\"t1r_182\" style=\"left:653px;bottom:695px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s8_182\" id=\"t1s_182\" style=\"left:735px;bottom:695px;letter-spacing:-0.35px;display:inline;\">(14) </div><div class=\"t s8_182\" id=\"t1t_182\" style=\"left:821px;bottom:695px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s8_182\" id=\"t1u_182\" style=\"left:43px;bottom:676px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Withholding tax on unremitted earnings </div><div class=\"t sb_182\" id=\"t1v_182\" style=\"left:658px;bottom:676px;display:inline;\">1 </div><div class=\"t s8_182\" id=\"t1w_182\" style=\"left:742px;bottom:676px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s8_182\" id=\"t1x_182\" style=\"left:832px;bottom:676px;display:inline;\">7 </div>\n<div class=\"t s8_182\" id=\"t1y_182\" style=\"left:43px;bottom:658px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjustments in respect of prior\u00a0years\u00b3 </div><div class=\"t sb_182\" id=\"t1z_182\" style=\"left:645px;bottom:658px;letter-spacing:-0.14px;display:inline;\">(27) </div><div class=\"t s8_182\" id=\"t20_182\" style=\"left:734px;bottom:658px;letter-spacing:-0.12px;display:inline;\">(29) </div><div class=\"t s8_182\" id=\"t21_182\" style=\"left:813px;bottom:658px;letter-spacing:-0.23px;display:inline;\">(197) </div>\n<div class=\"t sa_182\" id=\"t22_182\" style=\"left:43px;bottom:640px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total taxation charge/(credit) as per the income statement </div><div class=\"t sb_182\" id=\"t23_182\" style=\"left:650px;bottom:640px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s8_182\" id=\"t24_182\" style=\"left:738px;bottom:640px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t s8_182\" id=\"t25_182\" style=\"left:813px;bottom:640px;letter-spacing:-0.24px;display:inline;\">(202) </div>\n<div class=\"t sd_182\" id=\"t26_182\" style=\"left:43px;bottom:616px;display:inline;\">1 </div><div class=\"t sd_182\" id=\"t27_182\" style=\"left:56px;bottom:616px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">In 2022, this includes a $7m impact of non-tax deductible impairment on UK owned investments (2021: $17m impact of non-taxable accounting gains recognised on UK-owned investments). </div>\n<div class=\"t sd_182\" id=\"t28_182\" style=\"left:43px;bottom:603px;display:inline;\">2 </div><div class=\"t sd_182\" id=\"t29_182\" style=\"left:56px;bottom:603px;letter-spacing:0.11px;word-spacing:-0.13px;display:inline;\">In 2022, the tax rate changes primarily relate to an increase in deferred tax resulting from the increase in the UK corporation tax rate due to come into e\ufb00ect on 1 April 2023. In 2021, the net </div>\n<div class=\"t sd_182\" id=\"t2a_182\" style=\"left:56px;bottom:591px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">impact to deferred tax assets and liabilities was $6m which comprised $14m in the income statement and $8m in other comprehensive income as shown in the table below. </div>\n<div class=\"t sd_182\" id=\"t2b_182\" style=\"left:43px;bottom:579px;display:inline;\">3 </div><div class=\"t sd_182\" id=\"t2c_182\" style=\"left:56px;bottom:579px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">The adjustments in respect of prior years are explained on page 179. </div>\n<div class=\"t se_182\" id=\"t2d_182\" style=\"left:43px;bottom:552px;letter-spacing:-0.2px;display:inline;\">5.2 </div><div class=\"t sf_182\" id=\"t2e_182\" style=\"left:66px;bottom:552px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Deferred taxation </div>\n<div class=\"t s8_182\" id=\"t2f_182\" style=\"left:43px;bottom:535px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Movements in the main components of deferred tax assets and liabilities were as follows: </div>\n<div class=\"t s9_182\" id=\"t2g_182\" style=\"left:730px;bottom:522px;letter-spacing:-0.13px;display:inline;\">Inventory, </div>\n<div class=\"t s9_182\" id=\"t2h_182\" style=\"left:382px;bottom:509px;letter-spacing:-0.12px;display:inline;\">Accelerated </div><div class=\"t s9_182\" id=\"t2i_182\" style=\"left:546px;bottom:509px;letter-spacing:-0.1px;display:inline;\">Retirement </div><div class=\"t s9_182\" id=\"t2j_182\" style=\"left:660px;bottom:509px;letter-spacing:-0.13px;display:inline;\">Losses </div><div class=\"t s9_182\" id=\"t2k_182\" style=\"left:730px;bottom:509px;letter-spacing:-0.08px;display:inline;\">provisions </div>\n<div class=\"t s9_182\" id=\"t2l_182\" style=\"left:425px;bottom:497px;letter-spacing:0.02px;display:inline;\">tax </div><div class=\"t s9_182\" id=\"t2m_182\" style=\"left:566px;bottom:497px;letter-spacing:-0.06px;display:inline;\">bene\ufb01t </div><div class=\"t s9_182\" id=\"t2n_182\" style=\"left:646px;bottom:497px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">and other </div><div class=\"t s9_182\" id=\"t2o_182\" style=\"left:732px;bottom:497px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">and\u00a0other </div>\n<div class=\"t s9_182\" id=\"t2p_182\" style=\"left:380px;bottom:485px;letter-spacing:-0.09px;display:inline;\">depreciation </div><div class=\"t s9_182\" id=\"t2q_182\" style=\"left:465px;bottom:485px;letter-spacing:-0.08px;display:inline;\">Intangibles </div><div class=\"t s9_182\" id=\"t2r_182\" style=\"left:547px;bottom:485px;letter-spacing:-0.08px;display:inline;\">obligations </div><div class=\"t s9_182\" id=\"t2s_182\" style=\"left:624px;bottom:485px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">tax attributes </div><div class=\"t s9_182\" id=\"t2t_182\" style=\"left:724px;bottom:485px;letter-spacing:-0.08px;display:inline;\">di\ufb00erences </div><div class=\"t s9_182\" id=\"t2u_182\" style=\"left:815px;bottom:485px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_182\" id=\"t2v_182\" style=\"left:368px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2w_182\" style=\"left:370px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2x_182\" style=\"left:373px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2y_182\" style=\"left:375px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2z_182\" style=\"left:400px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t30_182\" style=\"left:446px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t31_182\" style=\"left:448px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t32_182\" style=\"left:451px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t33_182\" style=\"left:453px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t34_182\" style=\"left:478px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t35_182\" style=\"left:524px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t36_182\" style=\"left:526px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t37_182\" style=\"left:529px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t38_182\" style=\"left:531px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t39_182\" style=\"left:560px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3a_182\" style=\"left:606px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3b_182\" style=\"left:609px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3c_182\" style=\"left:611px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3d_182\" style=\"left:613px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3e_182\" style=\"left:651px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3f_182\" style=\"left:697px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3g_182\" style=\"left:700px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3h_182\" style=\"left:702px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3i_182\" style=\"left:704px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3j_182\" style=\"left:737px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3k_182\" style=\"left:784px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3l_182\" style=\"left:786px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3m_182\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3n_182\" style=\"left:791px;bottom:473px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div>\n<div class=\"t s8_182\" id=\"t3o_182\" style=\"left:43px;bottom:453px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s8_182\" id=\"t3p_182\" style=\"left:423px;bottom:453px;letter-spacing:-0.53px;display:inline;\">(61) </div><div class=\"t s8_182\" id=\"t3q_182\" style=\"left:492px;bottom:453px;letter-spacing:-0.1px;display:inline;\">(209) </div><div class=\"t s8_182\" id=\"t3r_182\" style=\"left:594px;bottom:453px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t3s_182\" style=\"left:670px;bottom:453px;letter-spacing:-0.29px;display:inline;\">123 </div><div class=\"t s8_182\" id=\"t3t_182\" style=\"left:756px;bottom:453px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s8_182\" id=\"t3u_182\" style=\"left:825px;bottom:453px;letter-spacing:-0.74px;display:inline;\">61 </div>\n<div class=\"t s8_182\" id=\"t3v_182\" style=\"left:43px;bottom:435px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s8_182\" id=\"t3w_182\" style=\"left:433px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3x_182\" style=\"left:511px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3y_182\" style=\"left:591px;bottom:435px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t3z_182\" style=\"left:684px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t40_182\" style=\"left:767px;bottom:435px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_182\" id=\"t41_182\" style=\"left:828px;bottom:435px;letter-spacing:-0.15px;display:inline;\">(8) </div>\n<div class=\"t s8_182\" id=\"t42_182\" style=\"left:43px;bottom:416px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t s8_182\" id=\"t43_182\" style=\"left:426px;bottom:416px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t s8_182\" id=\"t44_182\" style=\"left:504px;bottom:416px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t s8_182\" id=\"t45_182\" style=\"left:594px;bottom:416px;display:inline;\">1 </div><div class=\"t s8_182\" id=\"t46_182\" style=\"left:685px;bottom:416px;display:inline;\">4 </div><div class=\"t s8_182\" id=\"t47_182\" style=\"left:761px;bottom:416px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t48_182\" style=\"left:824px;bottom:416px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t s8_182\" id=\"t49_182\" style=\"left:43px;bottom:398px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t s8_182\" id=\"t4a_182\" style=\"left:430px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4b_182\" style=\"left:504px;bottom:398px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4c_182\" style=\"left:593px;bottom:398px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4d_182\" style=\"left:674px;bottom:398px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t4e_182\" style=\"left:768px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4f_182\" style=\"left:829px;bottom:398px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s8_182\" id=\"t4g_182\" style=\"left:43px;bottom:380px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t s8_182\" id=\"t4h_182\" style=\"left:433px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4i_182\" style=\"left:511px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4j_182\" style=\"left:582px;bottom:380px;letter-spacing:-0.16px;display:inline;\">(15) </div><div class=\"t s8_182\" id=\"t4k_182\" style=\"left:684px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4l_182\" style=\"left:767px;bottom:380px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_182\" id=\"t4m_182\" style=\"left:820px;bottom:380px;letter-spacing:-0.11px;display:inline;\">(20) </div>\n<div class=\"t s8_182\" id=\"t4n_182\" style=\"left:43px;bottom:361px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t s8_182\" id=\"t4o_182\" style=\"left:433px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4p_182\" style=\"left:511px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4q_182\" style=\"left:593px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4r_182\" style=\"left:684px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4s_182\" style=\"left:768px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t4t_182\" style=\"left:829px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s8_182\" id=\"t4u_182\" style=\"left:43px;bottom:343px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t s8_182\" id=\"t4v_182\" style=\"left:433px;bottom:343px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4w_182\" style=\"left:508px;bottom:343px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4x_182\" style=\"left:590px;bottom:343px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t s8_182\" id=\"t4y_182\" style=\"left:677px;bottom:343px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4z_182\" style=\"left:771px;bottom:343px;display:inline;\">6 </div><div class=\"t s8_182\" id=\"t50_182\" style=\"left:832px;bottom:343px;display:inline;\">6 </div>\n<div class=\"t s8_182\" id=\"t51_182\" style=\"left:43px;bottom:324px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t s8_182\" id=\"t52_182\" style=\"left:434px;bottom:324px;display:inline;\">2 </div><div class=\"t s8_182\" id=\"t53_182\" style=\"left:500px;bottom:324px;letter-spacing:-0.17px;display:inline;\">(22) </div><div class=\"t s8_182\" id=\"t54_182\" style=\"left:593px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t55_182\" style=\"left:685px;bottom:324px;display:inline;\">3 </div><div class=\"t s8_182\" id=\"t56_182\" style=\"left:771px;bottom:324px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t57_182\" style=\"left:821px;bottom:324px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s8_182\" id=\"t58_182\" style=\"left:43px;bottom:306px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s8_182\" id=\"t59_182\" style=\"left:423px;bottom:306px;letter-spacing:-0.3px;display:inline;\">(45) </div><div class=\"t s8_182\" id=\"t5a_182\" style=\"left:493px;bottom:306px;letter-spacing:-0.24px;display:inline;\">(199) </div><div class=\"t s8_182\" id=\"t5b_182\" style=\"left:583px;bottom:306px;letter-spacing:-0.26px;display:inline;\">(18) </div><div class=\"t s8_182\" id=\"t5c_182\" style=\"left:669px;bottom:306px;letter-spacing:-0.08px;display:inline;\">130 </div><div class=\"t s8_182\" id=\"t5d_182\" style=\"left:756px;bottom:306px;letter-spacing:-0.28px;display:inline;\">189 </div><div class=\"t s8_182\" id=\"t5e_182\" style=\"left:825px;bottom:306px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s8_182\" id=\"t5f_182\" style=\"left:43px;bottom:287px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_182\" id=\"t5g_182\" style=\"left:434px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5h_182\" style=\"left:511px;bottom:287px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5i_182\" style=\"left:593px;bottom:287px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t5j_182\" style=\"left:685px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5k_182\" style=\"left:758px;bottom:287px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t sb_182\" id=\"t5l_182\" style=\"left:826px;bottom:287px;letter-spacing:0.1px;display:inline;\">(7) </div>\n<div class=\"t s8_182\" id=\"t5m_182\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t sb_182\" id=\"t5n_182\" style=\"left:420px;bottom:269px;letter-spacing:-0.18px;display:inline;\">(28) </div><div class=\"t sb_182\" id=\"t5o_182\" style=\"left:503px;bottom:269px;letter-spacing:-0.31px;display:inline;\">15 </div><div class=\"t sb_182\" id=\"t5p_182\" style=\"left:593px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5q_182\" style=\"left:684px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5r_182\" style=\"left:762px;bottom:269px;display:inline;\">88 </div><div class=\"t sb_182\" id=\"t5s_182\" style=\"left:823px;bottom:269px;letter-spacing:-0.23px;display:inline;\">77 </div>\n<div class=\"t s8_182\" id=\"t5t_182\" style=\"left:43px;bottom:251px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t sb_182\" id=\"t5u_182\" style=\"left:434px;bottom:251px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5v_182\" style=\"left:511px;bottom:251px;display:inline;\">4 </div><div class=\"t sb_182\" id=\"t5w_182\" style=\"left:593px;bottom:251px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5x_182\" style=\"left:684px;bottom:251px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t5y_182\" style=\"left:771px;bottom:251px;display:inline;\">3 </div><div class=\"t sb_182\" id=\"t5z_182\" style=\"left:824px;bottom:251px;letter-spacing:-1.09px;display:inline;\">17 </div>\n<div class=\"t s8_182\" id=\"t60_182\" style=\"left:43px;bottom:232px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t sb_182\" id=\"t61_182\" style=\"left:434px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t62_182\" style=\"left:512px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t63_182\" style=\"left:588px;bottom:232px;letter-spacing:0.1px;display:inline;\">(7) </div><div class=\"t sb_182\" id=\"t64_182\" style=\"left:685px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t65_182\" style=\"left:771px;bottom:232px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t66_182\" style=\"left:826px;bottom:232px;letter-spacing:-0.2px;display:inline;\">(5) </div>\n<div class=\"t s8_182\" id=\"t67_182\" style=\"left:43px;bottom:214px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t sb_182\" id=\"t68_182\" style=\"left:434px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t69_182\" style=\"left:512px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6a_182\" style=\"left:594px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6b_182\" style=\"left:685px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6c_182\" style=\"left:766px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_182\" id=\"t6d_182\" style=\"left:826px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div>\n<div class=\"t s8_182\" id=\"t6e_182\" style=\"left:43px;bottom:195px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t sb_182\" id=\"t6f_182\" style=\"left:428px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6g_182\" style=\"left:506px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6h_182\" style=\"left:594px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6i_182\" style=\"left:685px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6j_182\" style=\"left:771px;bottom:195px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t6k_182\" style=\"left:831px;bottom:195px;display:inline;\">5 </div>\n<div class=\"t sa_182\" id=\"t6l_182\" style=\"left:43px;bottom:177px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_182\" id=\"t6m_182\" style=\"left:420px;bottom:177px;letter-spacing:-0.19px;display:inline;\">(75) </div><div class=\"t sb_182\" id=\"t6n_182\" style=\"left:490px;bottom:177px;letter-spacing:-0.42px;display:inline;\">(181) </div><div class=\"t sb_182\" id=\"t6o_182\" style=\"left:581px;bottom:177px;letter-spacing:-0.45px;display:inline;\">(21) </div><div class=\"t sb_182\" id=\"t6p_182\" style=\"left:667px;bottom:177px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_182\" id=\"t6q_182\" style=\"left:754px;bottom:177px;letter-spacing:-0.43px;display:inline;\">278 </div><div class=\"t sb_182\" id=\"t6r_182\" style=\"left:815px;bottom:177px;letter-spacing:-0.44px;display:inline;\">141 </div>\n<div class=\"t s8_182\" id=\"t6s_182\" style=\"left:43px;bottom:148px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Represented by: </div>\n<div class=\"t s9_182\" id=\"t6t_182\" style=\"left:727px;bottom:134px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_182\" id=\"t6u_182\" style=\"left:813px;bottom:134px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_182\" id=\"t6v_182\" style=\"left:671px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6w_182\" style=\"left:674px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6x_182\" style=\"left:676px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6y_182\" style=\"left:678px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6z_182\" style=\"left:711px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t70_182\" style=\"left:758px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t71_182\" style=\"left:760px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t72_182\" style=\"left:763px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t73_182\" style=\"left:765px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t74_182\" style=\"left:798px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s9_182\" id=\"t75_182\" style=\"left:844px;bottom:118px;display:inline;\">\u00a0</div>\n<div class=\"t s8_182\" id=\"t76_182\" style=\"left:43px;bottom:103px;letter-spacing:0.19px;word-spacing:-0.16px;display:inline;\">Deferred tax assets </div><div class=\"t sb_182\" id=\"t77_182\" style=\"left:729px;bottom:103px;letter-spacing:-0.64px;display:inline;\">177 </div><div class=\"t s8_182\" id=\"t78_182\" style=\"left:817px;bottom:103px;letter-spacing:-0.46px;display:inline;\">201 </div>\n<div class=\"t s8_182\" id=\"t79_182\" style=\"left:43px;bottom:84px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div><div class=\"t sb_182\" id=\"t7a_182\" style=\"left:731px;bottom:84px;letter-spacing:-0.12px;display:inline;\">(36) </div><div class=\"t s8_182\" id=\"t7b_182\" style=\"left:813px;bottom:84px;letter-spacing:-0.21px;display:inline;\">(144) </div>\n<div class=\"t sa_182\" id=\"t7c_182\" style=\"left:43px;bottom:66px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Net position at 31 December </div><div class=\"t sb_182\" id=\"t7d_182\" style=\"left:729px;bottom:66px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t s8_182\" id=\"t7e_182\" style=\"left:825px;bottom:66px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t sg_182\" id=\"t7f_182\" style=\"left:43px;bottom:11px;letter-spacing:-0.65px;display:inline;\">180 </div><div class=\"t sh_182\" id=\"t7g_182\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t si_182\" id=\"t7h_182\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_183\" id=\"t1_183\" style=\"left:65px;bottom:958px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">The deferred tax asset of $278m (2021: $189m) relating to inventory, provisions and other di\ufb00erences comprises deferred tax relating </div>\n<div class=\"t s1_183\" id=\"t2_183\" style=\"left:65px;bottom:943px;letter-spacing:-0.01px;word-spacing:0.04px;display:inline;\">to inventory of $117m (2021: $116m), provisions and other short-term temporary di\ufb00erences of $153m (2021: $65m) and bad debt </div>\n<div class=\"t s1_183\" id=\"t3_183\" style=\"left:65px;bottom:927px;letter-spacing:-0.03px;word-spacing:0.06px;display:inline;\">provisions of $8m (2021: $8m). </div>\n<div class=\"t s1_183\" id=\"t4_183\" style=\"left:65px;bottom:903px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The Group has gross unused trading and non-trading tax losses of $839m (2021: $841m), gross unused research and development </div>\n<div class=\"t s1_183\" id=\"t5_183\" style=\"left:65px;bottom:888px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">tax credits of $24m (2021: $21m) and gross unused capital losses of $97m (2021: $108m), available for o\ufb00set against future pro\ufb01ts. </div>\n<div class=\"t s1_183\" id=\"t6_183\" style=\"left:65px;bottom:873px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">None of\u00a0these amounts are due to expire within \ufb01ve years from the balance sheet date if not utilised. </div>\n<div class=\"t s1_183\" id=\"t7_183\" style=\"left:65px;bottom:849px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">A deferred tax asset of $140m (2021: $130m) has been recognised in respect of $541m (2021: $508m) of the trading and non-trading </div>\n<div class=\"t s1_183\" id=\"t8_183\" style=\"left:65px;bottom:834px;letter-spacing:0.02px;word-spacing:-0.05px;display:inline;\">tax\u00a0losses and $12m (2021: $21m) of research and development tax credits. No deferred tax asset has been recognised on the remaining </div>\n<div class=\"t s1_183\" id=\"t9_183\" style=\"left:65px;bottom:818px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">unused tax losses as it is not probable that future taxable pro\ufb01ts will be available against which they can be utilised. </div>\n<div class=\"t s1_183\" id=\"ta_183\" style=\"left:65px;bottom:794px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Management will reassess the recoverability of deferred tax assets at each balance sheet date by taking into account all relevant and </div>\n<div class=\"t s1_183\" id=\"tb_183\" style=\"left:65px;bottom:779px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">available information. The Group assesses the likelihood of these being recovered within a reasonably foreseeable timeframe, being </div>\n<div class=\"t s1_183\" id=\"tc_183\" style=\"left:65px;bottom:764px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">typically a minimum of \ufb01ve years, taking into account the future expected pro\ufb01t pro\ufb01le and business model of each relevant company </div>\n<div class=\"t s1_183\" id=\"td_183\" style=\"left:65px;bottom:749px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">or country, and any potential legislative restrictions on use. Short-term timing di\ufb00erences are generally recognised ahead of losses </div>\nand\u00a0other tax attributes as being likely to reverse more quickly. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22037": {
   "value": "Accounting policy <div class=\"t s8_180\" id=\"t8_180\" style=\"left:53px;bottom:911px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The charge for current taxation is based on the results for the year as adjusted for items which are non-assessable or non-deductible. </div>\n<div class=\"t s8_180\" id=\"t9_180\" style=\"left:53px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">It is calculated using tax rates that have been enacted or substantively enacted as at the balance sheet date. </div>\n<div class=\"t s8_180\" id=\"ta_180\" style=\"left:53px;bottom:872px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group operates in numerous tax jurisdictions around the world. At any given time, the Group typically is involved in tax audits </div>\n<div class=\"t s8_180\" id=\"tb_180\" style=\"left:53px;bottom:857px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and other disputes and will have other tax returns potentially subject to audit. Signi\ufb01cant issues may take several years to resolve. </div>\n<div class=\"t s8_180\" id=\"tc_180\" style=\"left:53px;bottom:842px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In estimating the probability and amount of any tax charge, management takes into account the views of internal and external </div>\n<div class=\"t s8_180\" id=\"td_180\" style=\"left:53px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">advisers and updates the amount of tax provision where considered appropriate. The ultimate tax liability may di\ufb00er from the </div>\n<div class=\"t s8_180\" id=\"te_180\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amount\u00a0provided depending on factors including interpretations of\u00a0tax law and settlement negotiations. </div>\n<div class=\"t s8_180\" id=\"tf_180\" style=\"left:53px;bottom:787px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Deferred tax is recognised in respect of temporary di\ufb00erences between the carrying amounts of assets and liabilities for \ufb01nancial </div>\n<div class=\"t s8_180\" id=\"tg_180\" style=\"left:53px;bottom:772px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">reporting purposes and the amounts used for taxation purposes. </div>\n<div class=\"t s8_180\" id=\"th_180\" style=\"left:53px;bottom:748px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Deferred tax is not recognised: for temporary di\ufb00erences related to investments in subsidiaries and associates where the Group is </div>\n<div class=\"t s8_180\" id=\"ti_180\" style=\"left:53px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">able to control the timing of the reversal of the temporary di\ufb00erence and it is probable that this will not reverse in the foreseeable </div>\n<div class=\"t s8_180\" id=\"tj_180\" style=\"left:53px;bottom:717px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">future; on the initial recognition of non-deductible goodwill; and on the initial recognition of an asset or liability in a transaction that </div>\n<div class=\"t s8_180\" id=\"tk_180\" style=\"left:53px;bottom:702px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">is\u00a0not a business combination and that, at the time of the transaction, does not a\ufb00ect the accounting or taxable pro\ufb01t. </div>\n<div class=\"t s8_180\" id=\"tl_180\" style=\"left:53px;bottom:678px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets are recognised to the extent that it is probable that future taxable pro\ufb01ts will be available against which they </div>\n<div class=\"t s8_180\" id=\"tm_180\" style=\"left:53px;bottom:663px;word-spacing:-0.11px;display:inline;\">can\u00a0be used. Deferred tax assets are reviewed at each reporting date taking into account the recoverability of the deferred tax assets, </div>\n<div class=\"t s8_180\" id=\"tn_180\" style=\"left:53px;bottom:648px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability and any restrictions on use. The Group considers available evidence to assess future pro\ufb01tability over a reasonably </div>\n<div class=\"t s8_180\" id=\"to_180\" style=\"left:53px;bottom:632px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">foreseeable time period, depending on the circumstances and typically a minimum of \ufb01ve years. Any material unrecognised deferred </div>\n<div class=\"t s8_180\" id=\"tp_180\" style=\"left:53px;bottom:617px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">tax assets are disclosed in Note 5.2. </div>\n<div class=\"t s8_180\" id=\"tq_180\" style=\"left:53px;bottom:593px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Deferred tax is measured on an undiscounted basis, and at the tax rates that have been enacted or substantively enacted as at the </div>\n<div class=\"t s8_180\" id=\"tr_180\" style=\"left:53px;bottom:578px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">balance sheet date that are expected to apply in the periods in which the asset or liability is settled. It is recognised in the income </div>\n<div class=\"t s8_180\" id=\"ts_180\" style=\"left:53px;bottom:563px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">statement except when it relates to items credited or charged directly to other comprehensive income or equity, in which case </div>\n<div class=\"t s8_180\" id=\"tt_180\" style=\"left:53px;bottom:547px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0deferred tax is also recognised within other comprehensive income or equity respectively. </div>\n<div class=\"t s8_180\" id=\"tu_180\" style=\"left:53px;bottom:523px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets and liabilities are o\ufb00set when they relate to income taxes levied by the same taxation authority, the Group </div>\n<div class=\"t s8_180\" id=\"tv_180\" style=\"left:53px;bottom:508px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">intends to settle its current tax assets and liabilities on a net basis, o\ufb00set is permissible according to the relevant jurisdiction\u2019s </div>\ntax\u00a0laws and that authority permits the Group to make a single net payment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22047": {
   "value": "Deferred tax is recognised in respect of temporary di\ufb00erences between the carrying amounts of assets and liabilities for \ufb01nancial <div class=\"t s8_180\" id=\"tg_180\" style=\"left:53px;bottom:772px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">reporting purposes and the amounts used for taxation purposes. </div>\n<div class=\"t s8_180\" id=\"th_180\" style=\"left:53px;bottom:748px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Deferred tax is not recognised: for temporary di\ufb00erences related to investments in subsidiaries and associates where the Group is </div>\n<div class=\"t s8_180\" id=\"ti_180\" style=\"left:53px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">able to control the timing of the reversal of the temporary di\ufb00erence and it is probable that this will not reverse in the foreseeable </div>\n<div class=\"t s8_180\" id=\"tj_180\" style=\"left:53px;bottom:717px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">future; on the initial recognition of non-deductible goodwill; and on the initial recognition of an asset or liability in a transaction that </div>\n<div class=\"t s8_180\" id=\"tk_180\" style=\"left:53px;bottom:702px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">is\u00a0not a business combination and that, at the time of the transaction, does not a\ufb00ect the accounting or taxable pro\ufb01t. </div>\n<div class=\"t s8_180\" id=\"tl_180\" style=\"left:53px;bottom:678px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets are recognised to the extent that it is probable that future taxable pro\ufb01ts will be available against which they </div>\n<div class=\"t s8_180\" id=\"tm_180\" style=\"left:53px;bottom:663px;word-spacing:-0.11px;display:inline;\">can\u00a0be used. Deferred tax assets are reviewed at each reporting date taking into account the recoverability of the deferred tax assets, </div>\n<div class=\"t s8_180\" id=\"tn_180\" style=\"left:53px;bottom:648px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability and any restrictions on use. The Group considers available evidence to assess future pro\ufb01tability over a reasonably </div>\n<div class=\"t s8_180\" id=\"to_180\" style=\"left:53px;bottom:632px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">foreseeable time period, depending on the circumstances and typically a minimum of \ufb01ve years. Any material unrecognised deferred </div>\n<div class=\"t s8_180\" id=\"tp_180\" style=\"left:53px;bottom:617px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">tax assets are disclosed in Note 5.2. </div>\n<div class=\"t s8_180\" id=\"tq_180\" style=\"left:53px;bottom:593px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Deferred tax is measured on an undiscounted basis, and at the tax rates that have been enacted or substantively enacted as at the </div>\n<div class=\"t s8_180\" id=\"tr_180\" style=\"left:53px;bottom:578px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">balance sheet date that are expected to apply in the periods in which the asset or liability is settled. It is recognised in the income </div>\n<div class=\"t s8_180\" id=\"ts_180\" style=\"left:53px;bottom:563px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">statement except when it relates to items credited or charged directly to other comprehensive income or equity, in which case </div>\n<div class=\"t s8_180\" id=\"tt_180\" style=\"left:53px;bottom:547px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0deferred tax is also recognised within other comprehensive income or equity respectively. </div>\n<div class=\"t s8_180\" id=\"tu_180\" style=\"left:53px;bottom:523px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Deferred tax assets and liabilities are o\ufb00set when they relate to income taxes levied by the same taxation authority, the Group </div>\n<div class=\"t s8_180\" id=\"tv_180\" style=\"left:53px;bottom:508px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">intends to settle its current tax assets and liabilities on a net basis, o\ufb00set is permissible according to the relevant jurisdiction\u2019s </div>tax\u00a0laws and that authority permits the Group to make a single net payment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22307": {
   "value": "5.2 <div class=\"t sf_182\" id=\"t2e_182\" style=\"left:66px;bottom:552px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Deferred taxation </div>\n<div class=\"t s8_182\" id=\"t2f_182\" style=\"left:43px;bottom:535px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Movements in the main components of deferred tax assets and liabilities were as follows: </div>\n<div class=\"t s9_182\" id=\"t2g_182\" style=\"left:730px;bottom:522px;letter-spacing:-0.13px;display:inline;\">Inventory, </div>\n<div class=\"t s9_182\" id=\"t2h_182\" style=\"left:382px;bottom:509px;letter-spacing:-0.12px;display:inline;\">Accelerated </div><div class=\"t s9_182\" id=\"t2i_182\" style=\"left:546px;bottom:509px;letter-spacing:-0.1px;display:inline;\">Retirement </div><div class=\"t s9_182\" id=\"t2j_182\" style=\"left:660px;bottom:509px;letter-spacing:-0.13px;display:inline;\">Losses </div><div class=\"t s9_182\" id=\"t2k_182\" style=\"left:730px;bottom:509px;letter-spacing:-0.08px;display:inline;\">provisions </div>\n<div class=\"t s9_182\" id=\"t2l_182\" style=\"left:425px;bottom:497px;letter-spacing:0.02px;display:inline;\">tax </div><div class=\"t s9_182\" id=\"t2m_182\" style=\"left:566px;bottom:497px;letter-spacing:-0.06px;display:inline;\">bene\ufb01t </div><div class=\"t s9_182\" id=\"t2n_182\" style=\"left:646px;bottom:497px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">and other </div><div class=\"t s9_182\" id=\"t2o_182\" style=\"left:732px;bottom:497px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">and\u00a0other </div>\n<div class=\"t s9_182\" id=\"t2p_182\" style=\"left:380px;bottom:485px;letter-spacing:-0.09px;display:inline;\">depreciation </div><div class=\"t s9_182\" id=\"t2q_182\" style=\"left:465px;bottom:485px;letter-spacing:-0.08px;display:inline;\">Intangibles </div><div class=\"t s9_182\" id=\"t2r_182\" style=\"left:547px;bottom:485px;letter-spacing:-0.08px;display:inline;\">obligations </div><div class=\"t s9_182\" id=\"t2s_182\" style=\"left:624px;bottom:485px;letter-spacing:-0.08px;word-spacing:-0.16px;display:inline;\">tax attributes </div><div class=\"t s9_182\" id=\"t2t_182\" style=\"left:724px;bottom:485px;letter-spacing:-0.08px;display:inline;\">di\ufb00erences </div><div class=\"t s9_182\" id=\"t2u_182\" style=\"left:815px;bottom:485px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_182\" id=\"t2v_182\" style=\"left:368px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2w_182\" style=\"left:370px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2x_182\" style=\"left:373px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2y_182\" style=\"left:375px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t2z_182\" style=\"left:400px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t30_182\" style=\"left:446px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t31_182\" style=\"left:448px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t32_182\" style=\"left:451px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t33_182\" style=\"left:453px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t34_182\" style=\"left:478px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t35_182\" style=\"left:524px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t36_182\" style=\"left:526px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t37_182\" style=\"left:529px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t38_182\" style=\"left:531px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t39_182\" style=\"left:560px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3a_182\" style=\"left:606px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3b_182\" style=\"left:609px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3c_182\" style=\"left:611px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3d_182\" style=\"left:613px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3e_182\" style=\"left:651px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3f_182\" style=\"left:697px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3g_182\" style=\"left:700px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3h_182\" style=\"left:702px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3i_182\" style=\"left:704px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3j_182\" style=\"left:737px;bottom:473px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t3k_182\" style=\"left:784px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3l_182\" style=\"left:786px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3m_182\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t3n_182\" style=\"left:791px;bottom:473px;letter-spacing:-0.1px;word-spacing:2.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div>\n<div class=\"t s8_182\" id=\"t3o_182\" style=\"left:43px;bottom:453px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s8_182\" id=\"t3p_182\" style=\"left:423px;bottom:453px;letter-spacing:-0.53px;display:inline;\">(61) </div><div class=\"t s8_182\" id=\"t3q_182\" style=\"left:492px;bottom:453px;letter-spacing:-0.1px;display:inline;\">(209) </div><div class=\"t s8_182\" id=\"t3r_182\" style=\"left:594px;bottom:453px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t3s_182\" style=\"left:670px;bottom:453px;letter-spacing:-0.29px;display:inline;\">123 </div><div class=\"t s8_182\" id=\"t3t_182\" style=\"left:756px;bottom:453px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s8_182\" id=\"t3u_182\" style=\"left:825px;bottom:453px;letter-spacing:-0.74px;display:inline;\">61 </div>\n<div class=\"t s8_182\" id=\"t3v_182\" style=\"left:43px;bottom:435px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s8_182\" id=\"t3w_182\" style=\"left:433px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3x_182\" style=\"left:511px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t3y_182\" style=\"left:591px;bottom:435px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t3z_182\" style=\"left:684px;bottom:435px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t40_182\" style=\"left:767px;bottom:435px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_182\" id=\"t41_182\" style=\"left:828px;bottom:435px;letter-spacing:-0.15px;display:inline;\">(8) </div>\n<div class=\"t s8_182\" id=\"t42_182\" style=\"left:43px;bottom:416px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t s8_182\" id=\"t43_182\" style=\"left:426px;bottom:416px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t s8_182\" id=\"t44_182\" style=\"left:504px;bottom:416px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t s8_182\" id=\"t45_182\" style=\"left:594px;bottom:416px;display:inline;\">1 </div><div class=\"t s8_182\" id=\"t46_182\" style=\"left:685px;bottom:416px;display:inline;\">4 </div><div class=\"t s8_182\" id=\"t47_182\" style=\"left:761px;bottom:416px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t48_182\" style=\"left:824px;bottom:416px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t s8_182\" id=\"t49_182\" style=\"left:43px;bottom:398px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t s8_182\" id=\"t4a_182\" style=\"left:430px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4b_182\" style=\"left:504px;bottom:398px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4c_182\" style=\"left:593px;bottom:398px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4d_182\" style=\"left:674px;bottom:398px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t s8_182\" id=\"t4e_182\" style=\"left:768px;bottom:398px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4f_182\" style=\"left:829px;bottom:398px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t s8_182\" id=\"t4g_182\" style=\"left:43px;bottom:380px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t s8_182\" id=\"t4h_182\" style=\"left:433px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4i_182\" style=\"left:511px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4j_182\" style=\"left:582px;bottom:380px;letter-spacing:-0.16px;display:inline;\">(15) </div><div class=\"t s8_182\" id=\"t4k_182\" style=\"left:684px;bottom:380px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4l_182\" style=\"left:767px;bottom:380px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_182\" id=\"t4m_182\" style=\"left:820px;bottom:380px;letter-spacing:-0.11px;display:inline;\">(20) </div>\n<div class=\"t s8_182\" id=\"t4n_182\" style=\"left:43px;bottom:361px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t s8_182\" id=\"t4o_182\" style=\"left:433px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4p_182\" style=\"left:511px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4q_182\" style=\"left:593px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4r_182\" style=\"left:684px;bottom:361px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4s_182\" style=\"left:768px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s8_182\" id=\"t4t_182\" style=\"left:829px;bottom:361px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s8_182\" id=\"t4u_182\" style=\"left:43px;bottom:343px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t s8_182\" id=\"t4v_182\" style=\"left:433px;bottom:343px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t4w_182\" style=\"left:508px;bottom:343px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_182\" id=\"t4x_182\" style=\"left:590px;bottom:343px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t s8_182\" id=\"t4y_182\" style=\"left:677px;bottom:343px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_182\" id=\"t4z_182\" style=\"left:771px;bottom:343px;display:inline;\">6 </div><div class=\"t s8_182\" id=\"t50_182\" style=\"left:832px;bottom:343px;display:inline;\">6 </div>\n<div class=\"t s8_182\" id=\"t51_182\" style=\"left:43px;bottom:324px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t s8_182\" id=\"t52_182\" style=\"left:434px;bottom:324px;display:inline;\">2 </div><div class=\"t s8_182\" id=\"t53_182\" style=\"left:500px;bottom:324px;letter-spacing:-0.17px;display:inline;\">(22) </div><div class=\"t s8_182\" id=\"t54_182\" style=\"left:593px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s8_182\" id=\"t55_182\" style=\"left:685px;bottom:324px;display:inline;\">3 </div><div class=\"t s8_182\" id=\"t56_182\" style=\"left:771px;bottom:324px;display:inline;\">5 </div><div class=\"t s8_182\" id=\"t57_182\" style=\"left:821px;bottom:324px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s8_182\" id=\"t58_182\" style=\"left:43px;bottom:306px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s8_182\" id=\"t59_182\" style=\"left:423px;bottom:306px;letter-spacing:-0.3px;display:inline;\">(45) </div><div class=\"t s8_182\" id=\"t5a_182\" style=\"left:493px;bottom:306px;letter-spacing:-0.24px;display:inline;\">(199) </div><div class=\"t s8_182\" id=\"t5b_182\" style=\"left:583px;bottom:306px;letter-spacing:-0.26px;display:inline;\">(18) </div><div class=\"t s8_182\" id=\"t5c_182\" style=\"left:669px;bottom:306px;letter-spacing:-0.08px;display:inline;\">130 </div><div class=\"t s8_182\" id=\"t5d_182\" style=\"left:756px;bottom:306px;letter-spacing:-0.28px;display:inline;\">189 </div><div class=\"t s8_182\" id=\"t5e_182\" style=\"left:825px;bottom:306px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s8_182\" id=\"t5f_182\" style=\"left:43px;bottom:287px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_182\" id=\"t5g_182\" style=\"left:434px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5h_182\" style=\"left:511px;bottom:287px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5i_182\" style=\"left:593px;bottom:287px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t5j_182\" style=\"left:685px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5k_182\" style=\"left:758px;bottom:287px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t sb_182\" id=\"t5l_182\" style=\"left:826px;bottom:287px;letter-spacing:0.1px;display:inline;\">(7) </div>\n<div class=\"t s8_182\" id=\"t5m_182\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Movement in income statement\u00a0\u2013 current\u00a0year </div><div class=\"t sb_182\" id=\"t5n_182\" style=\"left:420px;bottom:269px;letter-spacing:-0.18px;display:inline;\">(28) </div><div class=\"t sb_182\" id=\"t5o_182\" style=\"left:503px;bottom:269px;letter-spacing:-0.31px;display:inline;\">15 </div><div class=\"t sb_182\" id=\"t5p_182\" style=\"left:593px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5q_182\" style=\"left:684px;bottom:269px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5r_182\" style=\"left:762px;bottom:269px;display:inline;\">88 </div><div class=\"t sb_182\" id=\"t5s_182\" style=\"left:823px;bottom:269px;letter-spacing:-0.23px;display:inline;\">77 </div>\n<div class=\"t s8_182\" id=\"t5t_182\" style=\"left:43px;bottom:251px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Movement in income statement\u00a0\u2013 prior\u00a0years </div><div class=\"t sb_182\" id=\"t5u_182\" style=\"left:434px;bottom:251px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t5v_182\" style=\"left:511px;bottom:251px;display:inline;\">4 </div><div class=\"t sb_182\" id=\"t5w_182\" style=\"left:593px;bottom:251px;display:inline;\">1 </div><div class=\"t sb_182\" id=\"t5x_182\" style=\"left:684px;bottom:251px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t5y_182\" style=\"left:771px;bottom:251px;display:inline;\">3 </div><div class=\"t sb_182\" id=\"t5z_182\" style=\"left:824px;bottom:251px;letter-spacing:-1.09px;display:inline;\">17 </div>\n<div class=\"t s8_182\" id=\"t60_182\" style=\"left:43px;bottom:232px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Movement in other comprehensive income </div><div class=\"t sb_182\" id=\"t61_182\" style=\"left:434px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t62_182\" style=\"left:512px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t63_182\" style=\"left:588px;bottom:232px;letter-spacing:0.1px;display:inline;\">(7) </div><div class=\"t sb_182\" id=\"t64_182\" style=\"left:685px;bottom:232px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t65_182\" style=\"left:771px;bottom:232px;display:inline;\">2 </div><div class=\"t sb_182\" id=\"t66_182\" style=\"left:826px;bottom:232px;letter-spacing:-0.2px;display:inline;\">(5) </div>\n<div class=\"t s8_182\" id=\"t67_182\" style=\"left:43px;bottom:214px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Movement in equity </div><div class=\"t sb_182\" id=\"t68_182\" style=\"left:434px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t69_182\" style=\"left:512px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6a_182\" style=\"left:594px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6b_182\" style=\"left:685px;bottom:214px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6c_182\" style=\"left:766px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_182\" id=\"t6d_182\" style=\"left:826px;bottom:214px;letter-spacing:-0.21px;display:inline;\">(3) </div>\n<div class=\"t s8_182\" id=\"t6e_182\" style=\"left:43px;bottom:195px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Changes in tax rate </div><div class=\"t sb_182\" id=\"t6f_182\" style=\"left:428px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6g_182\" style=\"left:506px;bottom:195px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_182\" id=\"t6h_182\" style=\"left:594px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6i_182\" style=\"left:685px;bottom:195px;display:inline;\">\u2013 </div><div class=\"t sb_182\" id=\"t6j_182\" style=\"left:771px;bottom:195px;display:inline;\">9 </div><div class=\"t sb_182\" id=\"t6k_182\" style=\"left:831px;bottom:195px;display:inline;\">5 </div>\n<div class=\"t sa_182\" id=\"t6l_182\" style=\"left:43px;bottom:177px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_182\" id=\"t6m_182\" style=\"left:420px;bottom:177px;letter-spacing:-0.19px;display:inline;\">(75) </div><div class=\"t sb_182\" id=\"t6n_182\" style=\"left:490px;bottom:177px;letter-spacing:-0.42px;display:inline;\">(181) </div><div class=\"t sb_182\" id=\"t6o_182\" style=\"left:581px;bottom:177px;letter-spacing:-0.45px;display:inline;\">(21) </div><div class=\"t sb_182\" id=\"t6p_182\" style=\"left:667px;bottom:177px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_182\" id=\"t6q_182\" style=\"left:754px;bottom:177px;letter-spacing:-0.43px;display:inline;\">278 </div><div class=\"t sb_182\" id=\"t6r_182\" style=\"left:815px;bottom:177px;letter-spacing:-0.44px;display:inline;\">141 </div>\n<div class=\"t s8_182\" id=\"t6s_182\" style=\"left:43px;bottom:148px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Represented by: </div>\n<div class=\"t s9_182\" id=\"t6t_182\" style=\"left:727px;bottom:134px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_182\" id=\"t6u_182\" style=\"left:813px;bottom:134px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_182\" id=\"t6v_182\" style=\"left:671px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6w_182\" style=\"left:674px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6x_182\" style=\"left:676px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6y_182\" style=\"left:678px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t6z_182\" style=\"left:711px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_182\" id=\"t70_182\" style=\"left:758px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t71_182\" style=\"left:760px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t72_182\" style=\"left:763px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t73_182\" style=\"left:765px;bottom:122px;display:inline;\">\u00a0</div><div class=\"t s9_182\" id=\"t74_182\" style=\"left:798px;bottom:122px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s9_182\" id=\"t75_182\" style=\"left:844px;bottom:118px;display:inline;\">\u00a0</div>\n<div class=\"t s8_182\" id=\"t76_182\" style=\"left:43px;bottom:103px;letter-spacing:0.19px;word-spacing:-0.16px;display:inline;\">Deferred tax assets </div><div class=\"t sb_182\" id=\"t77_182\" style=\"left:729px;bottom:103px;letter-spacing:-0.64px;display:inline;\">177 </div><div class=\"t s8_182\" id=\"t78_182\" style=\"left:817px;bottom:103px;letter-spacing:-0.46px;display:inline;\">201 </div>\n<div class=\"t s8_182\" id=\"t79_182\" style=\"left:43px;bottom:84px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Deferred tax liabilities </div><div class=\"t sb_182\" id=\"t7a_182\" style=\"left:731px;bottom:84px;letter-spacing:-0.12px;display:inline;\">(36) </div><div class=\"t s8_182\" id=\"t7b_182\" style=\"left:813px;bottom:84px;letter-spacing:-0.21px;display:inline;\">(144) </div>\n<div class=\"t sa_182\" id=\"t7c_182\" style=\"left:43px;bottom:66px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Net position at 31 December </div><div class=\"t sb_182\" id=\"t7d_182\" style=\"left:729px;bottom:66px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t s8_182\" id=\"t7e_182\" style=\"left:825px;bottom:66px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t sg_182\" id=\"t7f_182\" style=\"left:43px;bottom:11px;letter-spacing:-0.65px;display:inline;\">180 </div><div class=\"t sh_182\" id=\"t7g_182\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t si_182\" id=\"t7h_182\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_183\" id=\"t1_183\" style=\"left:65px;bottom:958px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">The deferred tax asset of $278m (2021: $189m) relating to inventory, provisions and other di\ufb00erences comprises deferred tax relating </div>\n<div class=\"t s1_183\" id=\"t2_183\" style=\"left:65px;bottom:943px;letter-spacing:-0.01px;word-spacing:0.04px;display:inline;\">to inventory of $117m (2021: $116m), provisions and other short-term temporary di\ufb00erences of $153m (2021: $65m) and bad debt </div>\n<div class=\"t s1_183\" id=\"t3_183\" style=\"left:65px;bottom:927px;letter-spacing:-0.03px;word-spacing:0.06px;display:inline;\">provisions of $8m (2021: $8m). </div>\n<div class=\"t s1_183\" id=\"t4_183\" style=\"left:65px;bottom:903px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The Group has gross unused trading and non-trading tax losses of $839m (2021: $841m), gross unused research and development </div>\n<div class=\"t s1_183\" id=\"t5_183\" style=\"left:65px;bottom:888px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">tax credits of $24m (2021: $21m) and gross unused capital losses of $97m (2021: $108m), available for o\ufb00set against future pro\ufb01ts. </div>\n<div class=\"t s1_183\" id=\"t6_183\" style=\"left:65px;bottom:873px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">None of\u00a0these amounts are due to expire within \ufb01ve years from the balance sheet date if not utilised. </div>\n<div class=\"t s1_183\" id=\"t7_183\" style=\"left:65px;bottom:849px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">A deferred tax asset of $140m (2021: $130m) has been recognised in respect of $541m (2021: $508m) of the trading and non-trading </div>\n<div class=\"t s1_183\" id=\"t8_183\" style=\"left:65px;bottom:834px;letter-spacing:0.02px;word-spacing:-0.05px;display:inline;\">tax\u00a0losses and $12m (2021: $21m) of research and development tax credits. No deferred tax asset has been recognised on the remaining </div>\n<div class=\"t s1_183\" id=\"t9_183\" style=\"left:65px;bottom:818px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">unused tax losses as it is not probable that future taxable pro\ufb01ts will be available against which they can be utilised. </div>\n<div class=\"t s1_183\" id=\"ta_183\" style=\"left:65px;bottom:794px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Management will reassess the recoverability of deferred tax assets at each balance sheet date by taking into account all relevant and </div>\n<div class=\"t s1_183\" id=\"tb_183\" style=\"left:65px;bottom:779px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">available information. The Group assesses the likelihood of these being recovered within a reasonably foreseeable timeframe, being </div>\n<div class=\"t s1_183\" id=\"tc_183\" style=\"left:65px;bottom:764px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">typically a minimum of \ufb01ve years, taking into account the future expected pro\ufb01t pro\ufb01le and business model of each relevant company </div>\n<div class=\"t s1_183\" id=\"td_183\" style=\"left:65px;bottom:749px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">or country, and any potential legislative restrictions on use. Short-term timing di\ufb00erences are generally recognised ahead of losses </div>\nand\u00a0other tax attributes as being likely to reverse more quickly. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22523": {
   "value": "6 <div class=\"t s3_183\" id=\"tg_183\" style=\"left:78px;bottom:706px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Earnings per ordinary share </div>\n<div class=\"t s4_183\" id=\"th_183\" style=\"left:74px;bottom:680px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s5_183\" id=\"ti_183\" style=\"left:74px;bottom:662px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Earnings per share </div>\n<div class=\"t s6_183\" id=\"tj_183\" style=\"left:74px;bottom:644px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Basic earnings per share is calculated by dividing the pro\ufb01t attributable to equity holders by the weighted average number of </div>\n<div class=\"t s6_183\" id=\"tk_183\" style=\"left:74px;bottom:629px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">ordinary\u00a0shares in\u00a0issue during the year, excluding shares held by the Company in the Employees\u2019 Share Trust or as treasury shares. </div>\n<div class=\"t s5_183\" id=\"tl_183\" style=\"left:74px;bottom:604px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Diluted earnings per share </div>\n<div class=\"t s6_183\" id=\"tm_183\" style=\"left:74px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Diluted earnings per share is calculated by adjusting the basic earnings per share for the e\ufb00ect of conversion to ordinary shares </div>\n<div class=\"t s6_183\" id=\"tn_183\" style=\"left:74px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">associated with\u00a0dilutive potential ordinary shares, which comprise share options and awards granted to employees. </div>\n<div class=\"t s5_183\" id=\"to_183\" style=\"left:74px;bottom:547px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Adjusted earnings per share </div>\n<div class=\"t s6_183\" id=\"tp_183\" style=\"left:74px;bottom:530px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted earnings per share (or adjusted basic earnings per share) is a trend measure which presents the long-term pro\ufb01tability </div>\n<div class=\"t s6_183\" id=\"tq_183\" style=\"left:74px;bottom:514px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0the Group excluding the impact of speci\ufb01c transactions that management considers a\ufb00ects the Group\u2019s short-term pro\ufb01tability. </div>\n<div class=\"t s6_183\" id=\"tr_183\" style=\"left:74px;bottom:499px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group presents this measure to assist investors in their understanding of trends. Adjusted attributable pro\ufb01t is the numerator </div>\n<div class=\"t s6_183\" id=\"ts_183\" style=\"left:74px;bottom:484px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">used for this measure. The Group has identi\ufb01ed the following items as those to be excluded when arriving at adjusted attributable </div>\n<div class=\"t s6_183\" id=\"tt_183\" style=\"left:74px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">pro\ufb01t: acquisition and disposal-related items including amortisation and impairment of acquisition intangible assets; signi\ufb01cant </div>\n<div class=\"t s6_183\" id=\"tu_183\" style=\"left:74px;bottom:453px;letter-spacing:-0.07px;word-spacing:-0.11px;display:inline;\">restructuring programmes; signi\ufb01cant gains and losses arising from legal disputes and other signi\ufb01cant items (including UK tax litigation) </div>\n<div class=\"t s6_183\" id=\"tv_183\" style=\"left:74px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and taxation thereon. Adjusted diluted earnings per share is calculated by adjusting the adjusted basic earnings per share for the </div>\n<div class=\"t s6_183\" id=\"tw_183\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">e\ufb00ect of conversion to ordinary shares associated with dilutive potential ordinary shares, which comprise share options and awards </div>\n<div class=\"t s6_183\" id=\"tx_183\" style=\"left:74px;bottom:407px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">granted to employees. </div>\n<div class=\"t s7_183\" id=\"ty_183\" style=\"left:830px;bottom:11px;letter-spacing:-1.14px;display:inline;\">181 </div><div class=\"t s8_183\" id=\"tz_183\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s9_183\" id=\"t10_183\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sa_183\" id=\"t11_183\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sa_183\" id=\"t12_183\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sb_183\" id=\"t13_183\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sa_183\" id=\"t14_183\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_184\" id=\"t1_184\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_184\" id=\"t2_184\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_184\" id=\"t3_184\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_184\" id=\"t4_184\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_184\" id=\"t5_184\" style=\"left:43px;bottom:956px;display:inline;\">6 </div><div class=\"t s6_184\" id=\"t6_184\" style=\"left:56px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Earnings per ordinary share </div><div class=\"t s7_184\" id=\"t7_184\" style=\"left:246px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_184\" id=\"t8_184\" style=\"left:43px;bottom:939px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculations of the basic, diluted and adjusted earnings per ordinary share are based on the following attributable pro\ufb01t and numbers </div>\n<div class=\"t s8_184\" id=\"t9_184\" style=\"left:43px;bottom:924px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">of shares: </div>\n<div class=\"t s9_184\" id=\"ta_184\" style=\"left:640px;bottom:902px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_184\" id=\"tb_184\" style=\"left:727px;bottom:902px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_184\" id=\"tc_184\" style=\"left:813px;bottom:902px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_184\" id=\"td_184\" style=\"left:585px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"te_184\" style=\"left:587px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tf_184\" style=\"left:589px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tg_184\" style=\"left:592px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"th_184\" style=\"left:625px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"ti_184\" style=\"left:671px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tj_184\" style=\"left:674px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tk_184\" style=\"left:676px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tl_184\" style=\"left:678px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tm_184\" style=\"left:711px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"tn_184\" style=\"left:758px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"to_184\" style=\"left:760px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tp_184\" style=\"left:763px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tq_184\" style=\"left:765px;bottom:889px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"tr_184\" style=\"left:798px;bottom:889px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"ts_184\" style=\"left:844px;bottom:889px;display:inline;\">\u00a0</div>\n<div class=\"t sa_184\" id=\"tt_184\" style=\"left:48px;bottom:870px;letter-spacing:0.18px;display:inline;\">Earnings </div>\n<div class=\"t s8_184\" id=\"tu_184\" style=\"left:43px;bottom:851px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t for the\u00a0year </div><div class=\"t sb_184\" id=\"tv_184\" style=\"left:642px;bottom:851px;letter-spacing:-0.35px;display:inline;\">223 </div><div class=\"t s8_184\" id=\"tw_184\" style=\"left:731px;bottom:851px;letter-spacing:-0.68px;display:inline;\">524 </div><div class=\"t s8_184\" id=\"tx_184\" style=\"left:816px;bottom:851px;letter-spacing:0.17px;display:inline;\">448 </div>\n<div class=\"t s8_184\" id=\"ty_184\" style=\"left:43px;bottom:833px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted attributable pro\ufb01t (see below) </div><div class=\"t sb_184\" id=\"tz_184\" style=\"left:642px;bottom:833px;letter-spacing:-0.28px;display:inline;\">713 </div><div class=\"t s8_184\" id=\"t10_184\" style=\"left:731px;bottom:833px;letter-spacing:-0.56px;display:inline;\">710 </div><div class=\"t s8_184\" id=\"t11_184\" style=\"left:816px;bottom:833px;letter-spacing:-0.08px;display:inline;\">564 </div>\n<div class=\"t s8_184\" id=\"t12_184\" style=\"left:43px;bottom:804px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t is reconciled to adjusted attributable pro\ufb01t as follows: </div>\n<div class=\"t s9_184\" id=\"t13_184\" style=\"left:640px;bottom:782px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_184\" id=\"t14_184\" style=\"left:727px;bottom:782px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_184\" id=\"t15_184\" style=\"left:813px;bottom:782px;letter-spacing:-0.44px;display:inline;\">2020 </div>\n<div class=\"t s9_184\" id=\"t16_184\" style=\"left:498px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t17_184\" style=\"left:500px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t18_184\" style=\"left:503px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t19_184\" style=\"left:505px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1a_184\" style=\"left:551px;bottom:770px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s9_184\" id=\"t1b_184\" style=\"left:587px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1c_184\" style=\"left:589px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1d_184\" style=\"left:592px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1e_184\" style=\"left:625px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1f_184\" style=\"left:671px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1g_184\" style=\"left:674px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1h_184\" style=\"left:676px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1i_184\" style=\"left:678px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1j_184\" style=\"left:711px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1k_184\" style=\"left:758px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1l_184\" style=\"left:760px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1m_184\" style=\"left:763px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1n_184\" style=\"left:765px;bottom:770px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t1o_184\" style=\"left:798px;bottom:770px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_184\" id=\"t1p_184\" style=\"left:844px;bottom:770px;display:inline;\">\u00a0</div>\n<div class=\"t s8_184\" id=\"t1q_184\" style=\"left:43px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Attributable pro\ufb01t for the\u00a0year </div><div class=\"t sb_184\" id=\"t1r_184\" style=\"left:642px;bottom:750px;letter-spacing:-0.35px;display:inline;\">223 </div><div class=\"t s8_184\" id=\"t1s_184\" style=\"left:731px;bottom:750px;letter-spacing:-0.68px;display:inline;\">524 </div><div class=\"t s8_184\" id=\"t1t_184\" style=\"left:816px;bottom:750px;letter-spacing:0.17px;display:inline;\">448 </div>\n<div class=\"t s8_184\" id=\"t1u_184\" style=\"left:43px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Acquisition and disposal-related items </div>\n<div class=\"t sc_184\" id=\"t1v_184\" style=\"left:267px;bottom:739px;display:inline;\">1 </div>\n<div class=\"t sb_184\" id=\"t1w_184\" style=\"left:642px;bottom:732px;letter-spacing:-0.51px;display:inline;\">162 </div><div class=\"t s8_184\" id=\"t1x_184\" style=\"left:734px;bottom:732px;display:inline;\">(73) </div><div class=\"t s8_184\" id=\"t1y_184\" style=\"left:832px;bottom:732px;display:inline;\">4 </div>\n<div class=\"t s8_184\" id=\"t1z_184\" style=\"left:43px;bottom:713px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Restructuring and rationalisation costs </div>\n<div class=\"t sc_184\" id=\"t20_184\" style=\"left:270px;bottom:720px;display:inline;\">2 </div>\n<div class=\"t s8_184\" id=\"t21_184\" style=\"left:572px;bottom:713px;display:inline;\">3 </div><div class=\"t sb_184\" id=\"t22_184\" style=\"left:642px;bottom:713px;letter-spacing:-0.31px;display:inline;\">168 </div><div class=\"t s8_184\" id=\"t23_184\" style=\"left:730px;bottom:713px;letter-spacing:-0.35px;display:inline;\">113 </div><div class=\"t s8_184\" id=\"t24_184\" style=\"left:817px;bottom:713px;letter-spacing:-0.56px;display:inline;\">124 </div>\n<div class=\"t s8_184\" id=\"t25_184\" style=\"left:43px;bottom:695px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Amortisation and impairment of acquisition intangibles </div>\n<div class=\"t sc_184\" id=\"t26_184\" style=\"left:365px;bottom:702px;display:inline;\">3 </div>\n<div class=\"t s8_184\" id=\"t27_184\" style=\"left:572px;bottom:695px;display:inline;\">9 </div><div class=\"t sb_184\" id=\"t28_184\" style=\"left:641px;bottom:695px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t s8_184\" id=\"t29_184\" style=\"left:731px;bottom:695px;letter-spacing:-0.62px;display:inline;\">172 </div><div class=\"t s8_184\" id=\"t2a_184\" style=\"left:818px;bottom:695px;letter-spacing:-0.77px;display:inline;\">171 </div>\n<div class=\"t s8_184\" id=\"t2b_184\" style=\"left:43px;bottom:676px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Legal and other </div>\n<div class=\"t sc_184\" id=\"t2c_184\" style=\"left:134px;bottom:683px;display:inline;\">4 </div>\n<div class=\"t sb_184\" id=\"t2d_184\" style=\"left:650px;bottom:676px;letter-spacing:-0.39px;display:inline;\">82 </div><div class=\"t s8_184\" id=\"t2e_184\" style=\"left:738px;bottom:676px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t s8_184\" id=\"t2f_184\" style=\"left:825px;bottom:676px;letter-spacing:-0.67px;display:inline;\">91 </div>\n<div class=\"t s8_184\" id=\"t2g_184\" style=\"left:43px;bottom:658px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">UK tax litigation </div><div class=\"t s8_184\" id=\"t2h_184\" style=\"left:572px;bottom:658px;display:inline;\">5 </div><div class=\"t sb_184\" id=\"t2i_184\" style=\"left:659px;bottom:658px;display:inline;\">\u2013 </div><div class=\"t s8_184\" id=\"t2j_184\" style=\"left:745px;bottom:658px;display:inline;\">\u2013 </div><div class=\"t s8_184\" id=\"t2k_184\" style=\"left:814px;bottom:658px;letter-spacing:-0.46px;display:inline;\">(142) </div>\n<div class=\"t s8_184\" id=\"t2l_184\" style=\"left:43px;bottom:639px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">Taxation on excluded items </div><div class=\"t s8_184\" id=\"t2m_184\" style=\"left:572px;bottom:639px;display:inline;\">5 </div><div class=\"t sb_184\" id=\"t2n_184\" style=\"left:637px;bottom:639px;letter-spacing:-0.25px;display:inline;\">(127) </div><div class=\"t s8_184\" id=\"t2o_184\" style=\"left:734px;bottom:639px;letter-spacing:-0.1px;display:inline;\">(85) </div><div class=\"t s8_184\" id=\"t2p_184\" style=\"left:813px;bottom:639px;letter-spacing:-0.29px;display:inline;\">(132) </div>\n<div class=\"t sa_184\" id=\"t2q_184\" style=\"left:43px;bottom:621px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Adjusted attributable pro\ufb01t </div><div class=\"t sb_184\" id=\"t2r_184\" style=\"left:642px;bottom:621px;letter-spacing:-0.28px;display:inline;\">713 </div><div class=\"t s8_184\" id=\"t2s_184\" style=\"left:731px;bottom:621px;letter-spacing:-0.56px;display:inline;\">710 </div><div class=\"t s8_184\" id=\"t2t_184\" style=\"left:816px;bottom:621px;letter-spacing:-0.08px;display:inline;\">564 </div>\n<div class=\"t sd_184\" id=\"t2u_184\" style=\"left:43px;bottom:597px;display:inline;\">1 </div><div class=\"t sd_184\" id=\"t2v_184\" style=\"left:56px;bottom:597px;letter-spacing:0.1px;word-spacing:-0.12px;display:inline;\">Acquisition and disposal-related items includes a $4m charge within operating pro\ufb01t (2021: $7m charge, 2020: $4m charge) and a $158m charge within share of result of associates </div>\n<div class=\"t sd_184\" id=\"t2w_184\" style=\"left:56px;bottom:585px;letter-spacing:0.07px;word-spacing:-0.09px;display:inline;\">(2021: $5m credit, 2020: $nil) and a $nil gain on disposal of interest in associate (2021: $75m gain, 2020: $nil). See details in Note 11. </div>\n<div class=\"t sd_184\" id=\"t2x_184\" style=\"left:43px;bottom:573px;display:inline;\">2 </div><div class=\"t sd_184\" id=\"t2y_184\" style=\"left:56px;bottom:573px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">Restructuring and rationalisation costs include a $167m charge within operating pro\ufb01t (2021: $113m, 2020: $124m) and a $1m charge within share of result of associates (2021: $nil, 2020: $nil). </div>\n<div class=\"t sd_184\" id=\"t2z_184\" style=\"left:43px;bottom:560px;display:inline;\">3 </div><div class=\"t sd_184\" id=\"t30_184\" style=\"left:56px;bottom:560px;letter-spacing:0.09px;word-spacing:-0.11px;display:inline;\">In 2022, amortisation and impairment of acquisition intangibles includes a $205m charge within operating pro\ufb01t (2021: $172m charge with operating pro\ufb01t, 2020: $171m charge within </div>\n<div class=\"t sd_184\" id=\"t31_184\" style=\"left:56px;bottom:548px;letter-spacing:0.14px;word-spacing:-0.16px;display:inline;\">operating pro\ufb01t). </div>\n<div class=\"t sd_184\" id=\"t32_184\" style=\"left:43px;bottom:536px;display:inline;\">4 </div><div class=\"t sd_184\" id=\"t33_184\" style=\"left:56px;bottom:536px;letter-spacing:0.06px;word-spacing:-0.07px;display:inline;\">Legal and other charge in 2022 includes $75m (2021: $51m charge, 2020: $89m charge) within operating pro\ufb01t (refer to Note 2.6) and a $7m charge (2021: $8m charge, 2020: $8m charge) </div>\n<div class=\"t sd_184\" id=\"t34_184\" style=\"left:56px;bottom:524px;letter-spacing:0.13px;word-spacing:-0.15px;display:inline;\">within other \ufb01nance costs for unwinding of the discount on the provision for known, anticipated and settled metal-on-metal hip claims globally. In 2020, other \ufb01nance costs includes a credit </div>\n<div class=\"t sd_184\" id=\"t35_184\" style=\"left:56px;bottom:512px;letter-spacing:0.12px;word-spacing:-0.14px;display:inline;\">of\u00a0$6m for interest on a tax refund relating to the UK tax litigation case (see Note 5). </div>\n<div class=\"t s8_184\" id=\"t36_184\" style=\"left:43px;bottom:486px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The numerators used for basic and diluted earnings per ordinary share are the same. The denominators used for all categories of earnings </div>\n<div class=\"t s8_184\" id=\"t37_184\" style=\"left:43px;bottom:470px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">per ordinary share are as follows: </div>\n<div class=\"t s9_184\" id=\"t38_184\" style=\"left:585px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t39_184\" style=\"left:587px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3a_184\" style=\"left:589px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3b_184\" style=\"left:592px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3c_184\" style=\"left:640px;bottom:448px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_184\" id=\"t3d_184\" style=\"left:674px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3e_184\" style=\"left:676px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3f_184\" style=\"left:678px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3g_184\" style=\"left:727px;bottom:448px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s9_184\" id=\"t3h_184\" style=\"left:760px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3i_184\" style=\"left:763px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3j_184\" style=\"left:765px;bottom:448px;display:inline;\">\u00a0</div><div class=\"t s9_184\" id=\"t3k_184\" style=\"left:813px;bottom:448px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t sa_184\" id=\"t3l_184\" style=\"left:48px;bottom:428px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Number\u00a0of\u00a0shares\u00a0(millions) </div>\n<div class=\"t s8_184\" id=\"t3m_184\" style=\"left:43px;bottom:410px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Basic weighted number of shares </div><div class=\"t sb_184\" id=\"t3n_184\" style=\"left:642px;bottom:410px;letter-spacing:-0.28px;display:inline;\">872 </div><div class=\"t s8_184\" id=\"t3o_184\" style=\"left:730px;bottom:410px;letter-spacing:-0.27px;display:inline;\">877 </div><div class=\"t s8_184\" id=\"t3p_184\" style=\"left:817px;bottom:410px;letter-spacing:-0.39px;display:inline;\">875 </div>\n<div class=\"t s8_184\" id=\"t3q_184\" style=\"left:43px;bottom:392px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Dilutive impact of share incentive schemes outstanding </div><div class=\"t sb_184\" id=\"t3r_184\" style=\"left:658px;bottom:392px;display:inline;\">1 </div><div class=\"t s8_184\" id=\"t3s_184\" style=\"left:745px;bottom:392px;display:inline;\">1 </div><div class=\"t s8_184\" id=\"t3t_184\" style=\"left:832px;bottom:392px;display:inline;\">2 </div>\n<div class=\"t s8_184\" id=\"t3u_184\" style=\"left:43px;bottom:373px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Diluted weighted average number of shares </div><div class=\"t sb_184\" id=\"t3v_184\" style=\"left:642px;bottom:373px;letter-spacing:-0.29px;display:inline;\">873 </div><div class=\"t s8_184\" id=\"t3w_184\" style=\"left:730px;bottom:373px;letter-spacing:-0.42px;display:inline;\">878 </div><div class=\"t s8_184\" id=\"t3x_184\" style=\"left:817px;bottom:373px;letter-spacing:-0.27px;display:inline;\">877 </div>\n<div class=\"t sa_184\" id=\"t3y_184\" style=\"left:48px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Earnings per ordinary share </div>\n<div class=\"t s8_184\" id=\"t3z_184\" style=\"left:43px;bottom:318px;letter-spacing:0.21px;display:inline;\">Basic </div><div class=\"t sb_184\" id=\"t40_184\" style=\"left:630px;bottom:318px;letter-spacing:-0.15px;display:inline;\">25.5\u00a2 </div><div class=\"t s8_184\" id=\"t41_184\" style=\"left:720px;bottom:318px;letter-spacing:-0.18px;display:inline;\">59.8\u00a2 </div><div class=\"t s8_184\" id=\"t42_184\" style=\"left:806px;bottom:318px;letter-spacing:-0.18px;display:inline;\">51.3\u00a2 </div>\n<div class=\"t s8_184\" id=\"t43_184\" style=\"left:43px;bottom:299px;letter-spacing:0.15px;display:inline;\">Diluted </div><div class=\"t sb_184\" id=\"t44_184\" style=\"left:630px;bottom:299px;letter-spacing:-0.15px;display:inline;\">25.5\u00a2 </div><div class=\"t s8_184\" id=\"t45_184\" style=\"left:721px;bottom:299px;letter-spacing:-0.62px;display:inline;\">59.7\u00a2 </div><div class=\"t s8_184\" id=\"t46_184\" style=\"left:807px;bottom:299px;letter-spacing:-0.36px;display:inline;\">51.2\u00a2 </div>\n<div class=\"t s8_184\" id=\"t47_184\" style=\"left:43px;bottom:281px;letter-spacing:0.12px;display:inline;\">Adjusted: </div>\n<div class=\"t s8_184\" id=\"t48_184\" style=\"left:56px;bottom:263px;letter-spacing:0.21px;display:inline;\">Basic </div><div class=\"t sb_184\" id=\"t49_184\" style=\"left:630px;bottom:263px;letter-spacing:-0.1px;display:inline;\">81.8\u00a2 </div><div class=\"t s8_184\" id=\"t4a_184\" style=\"left:720px;bottom:263px;letter-spacing:-0.13px;display:inline;\">80.9\u00a2 </div><div class=\"t s8_184\" id=\"t4b_184\" style=\"left:806px;bottom:263px;letter-spacing:-0.04px;display:inline;\">64.6\u00a2 </div>\n<div class=\"t s8_184\" id=\"t4c_184\" style=\"left:56px;bottom:244px;letter-spacing:0.15px;display:inline;\">Diluted </div><div class=\"t sb_184\" id=\"t4d_184\" style=\"left:630px;bottom:244px;letter-spacing:-0.19px;display:inline;\">81.6\u00a2 </div><div class=\"t s8_184\" id=\"t4e_184\" style=\"left:719px;bottom:244px;display:inline;\">80.8\u00a2 </div>64.4\u00a2",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22528": {
   "value": "Accounting policy <div class=\"t s5_183\" id=\"ti_183\" style=\"left:74px;bottom:662px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Earnings per share </div>\n<div class=\"t s6_183\" id=\"tj_183\" style=\"left:74px;bottom:644px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Basic earnings per share is calculated by dividing the pro\ufb01t attributable to equity holders by the weighted average number of </div>\n<div class=\"t s6_183\" id=\"tk_183\" style=\"left:74px;bottom:629px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">ordinary\u00a0shares in\u00a0issue during the year, excluding shares held by the Company in the Employees\u2019 Share Trust or as treasury shares. </div>\n<div class=\"t s5_183\" id=\"tl_183\" style=\"left:74px;bottom:604px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Diluted earnings per share </div>\n<div class=\"t s6_183\" id=\"tm_183\" style=\"left:74px;bottom:587px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Diluted earnings per share is calculated by adjusting the basic earnings per share for the e\ufb00ect of conversion to ordinary shares </div>\n<div class=\"t s6_183\" id=\"tn_183\" style=\"left:74px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">associated with\u00a0dilutive potential ordinary shares, which comprise share options and awards granted to employees. </div>\n<div class=\"t s5_183\" id=\"to_183\" style=\"left:74px;bottom:547px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Adjusted earnings per share </div>\n<div class=\"t s6_183\" id=\"tp_183\" style=\"left:74px;bottom:530px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Adjusted earnings per share (or adjusted basic earnings per share) is a trend measure which presents the long-term pro\ufb01tability </div>\n<div class=\"t s6_183\" id=\"tq_183\" style=\"left:74px;bottom:514px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0the Group excluding the impact of speci\ufb01c transactions that management considers a\ufb00ects the Group\u2019s short-term pro\ufb01tability. </div>\n<div class=\"t s6_183\" id=\"tr_183\" style=\"left:74px;bottom:499px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group presents this measure to assist investors in their understanding of trends. Adjusted attributable pro\ufb01t is the numerator </div>\n<div class=\"t s6_183\" id=\"ts_183\" style=\"left:74px;bottom:484px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">used for this measure. The Group has identi\ufb01ed the following items as those to be excluded when arriving at adjusted attributable </div>\n<div class=\"t s6_183\" id=\"tt_183\" style=\"left:74px;bottom:468px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">pro\ufb01t: acquisition and disposal-related items including amortisation and impairment of acquisition intangible assets; signi\ufb01cant </div>\n<div class=\"t s6_183\" id=\"tu_183\" style=\"left:74px;bottom:453px;letter-spacing:-0.07px;word-spacing:-0.11px;display:inline;\">restructuring programmes; signi\ufb01cant gains and losses arising from legal disputes and other signi\ufb01cant items (including UK tax litigation) </div>\n<div class=\"t s6_183\" id=\"tv_183\" style=\"left:74px;bottom:438px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and taxation thereon. Adjusted diluted earnings per share is calculated by adjusting the adjusted basic earnings per share for the </div>\n<div class=\"t s6_183\" id=\"tw_183\" style=\"left:74px;bottom:423px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">e\ufb00ect of conversion to ordinary shares associated with dilutive potential ordinary shares, which comprise share options and awards </div>\ngranted to employees.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22738": {
   "value": "7 <div class=\"t s2_185\" id=\"t2_185\" style=\"left:78px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s3_185\" id=\"t3_185\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_185\" id=\"t4_185\" style=\"left:74px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s4_185\" id=\"t5_185\" style=\"left:74px;bottom:893px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Owned assets </div>\n<div class=\"t s5_185\" id=\"t6_185\" style=\"left:74px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Items of property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. </div>\n<div class=\"t s5_185\" id=\"t7_185\" style=\"left:74px;bottom:851px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Depreciation is calculated to write o\ufb00 the cost of items of property, plant and equipment less their estimated residual values using </div>\n<div class=\"t s5_185\" id=\"t8_185\" style=\"left:74px;bottom:836px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0straight-line method over their estimated useful lives, and is ultimately recognised in pro\ufb01t or loss. Leased assets are depreciated </div>\n<div class=\"t s5_185\" id=\"t9_185\" style=\"left:74px;bottom:821px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end </div>\n<div class=\"t s5_185\" id=\"ta_185\" style=\"left:74px;bottom:806px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of the lease term. Freehold land is not depreciated. The estimated useful lives of items of property, plant and equipment is 3\u201320 years </div>\n<div class=\"t s5_185\" id=\"tb_185\" style=\"left:74px;bottom:790px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">and for buildings is 20\u201350 years. </div>\n<div class=\"t s5_185\" id=\"tc_185\" style=\"left:74px;bottom:766px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Assets in course of construction are not depreciated until they are available for use. </div>\n<div class=\"t s5_185\" id=\"td_185\" style=\"left:74px;bottom:742px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. </div>\n<div class=\"t s5_185\" id=\"te_185\" style=\"left:74px;bottom:718px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Finance costs relating to the purchase or construction of property, plant and equipment and intangible assets that take longer than </div>\n<div class=\"t s5_185\" id=\"tf_185\" style=\"left:74px;bottom:703px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">one year to complete are capitalised based on the Group weighted average borrowing costs. All other \ufb01nance costs are expensed </div>\n<div class=\"t s5_185\" id=\"tg_185\" style=\"left:74px;bottom:688px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">as incurred. </div>\n<div class=\"t s4_185\" id=\"th_185\" style=\"left:74px;bottom:663px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Leased assets </div>\n<div class=\"t s5_185\" id=\"ti_185\" style=\"left:74px;bottom:646px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The assessment of whether a contract is or contains a lease takes place at the inception of the contract. The assessment involves </div>\n<div class=\"t s5_185\" id=\"tj_185\" style=\"left:74px;bottom:631px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">whether the Group obtains substantially all the economic bene\ufb01ts from the use of that asset and whether the Group has the right </div>\n<div class=\"t s5_185\" id=\"tk_185\" style=\"left:74px;bottom:615px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to direct the use of the asset. The Group allocates the consideration in the contract to each lease and non-lease component. </div>\n<div class=\"t s5_185\" id=\"tl_185\" style=\"left:74px;bottom:600px;letter-spacing:0.15px;display:inline;\">The </div><div class=\"t s5_185\" id=\"tm_185\" style=\"left:99px;bottom:600px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">\u00a0non-lease component, where it is separately identi\ufb01able, is not included in the right-of-use asset. </div>\n<div class=\"t s5_185\" id=\"tn_185\" style=\"left:74px;bottom:576px;word-spacing:-0.1px;display:inline;\">The Group leases many assets including properties, motor vehicles and o\ufb03ce equipment. The Group availed itself of the exemptions </div>\n<div class=\"t s5_185\" id=\"to_185\" style=\"left:74px;bottom:561px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">for short-term leases and leases of low-value items for leases other than those for properties and motor vehicles. The use of these </div>\n<div class=\"t s5_185\" id=\"tp_185\" style=\"left:74px;bottom:546px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">exemptions does not have a material impact. The Group recognises a right-of-use asset and a lease liability at the commencement </div>\n<div class=\"t s5_185\" id=\"tq_185\" style=\"left:74px;bottom:530px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of the lease. The right-of-use asset is initially measured based on the present value of lease payments that are not paid at the </div>\n<div class=\"t s5_185\" id=\"tr_185\" style=\"left:74px;bottom:515px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">commencement date plus initial direct costs less any incentives received. The lease payments are discounted using an incremental </div>\n<div class=\"t s5_185\" id=\"ts_185\" style=\"left:74px;bottom:500px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">borrowing rate which is country-speci\ufb01c and re\ufb02ective of the lease term. The right-of-use asset is depreciated over the shorter </div>\n<div class=\"t s5_185\" id=\"tt_185\" style=\"left:74px;bottom:484px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0the\u00a0lease term or the useful life of the underlying asset. </div>\n<div class=\"t s5_185\" id=\"tu_185\" style=\"left:74px;bottom:460px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ows arising on lease interest payments are included in operating cash \ufb02ows whereas cash \ufb02ows arising on the capital </div>\n<div class=\"t s5_185\" id=\"tv_185\" style=\"left:74px;bottom:445px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">repayments of the lease liability are included in \ufb01nancing cash \ufb02ows. </div>\n<div class=\"t s4_185\" id=\"tw_185\" style=\"left:74px;bottom:421px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of assets </div>\n<div class=\"t s5_185\" id=\"tx_185\" style=\"left:74px;bottom:403px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances </div>\n<div class=\"t s5_185\" id=\"ty_185\" style=\"left:74px;bottom:388px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">indicate the carrying value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order </div>\n<div class=\"t s5_185\" id=\"tz_185\" style=\"left:74px;bottom:373px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to determine the extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, </div>\n<div class=\"t s5_185\" id=\"t10_185\" style=\"left:74px;bottom:357px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0Group estimates the recoverable amount of the cash-generating unit to which it belongs. </div>\n<div class=\"t s5_185\" id=\"t11_185\" style=\"left:74px;bottom:333px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">An asset\u2019s recoverable amount is the higher of an asset\u2019s or cash-generating unit\u2019s fair value less costs to sell and its value-in-use. </div>\n<div class=\"t s5_185\" id=\"t12_185\" style=\"left:74px;bottom:318px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using a pre-tax discount rate that re\ufb02ects </div>\n<div class=\"t s5_185\" id=\"t13_185\" style=\"left:74px;bottom:303px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0current market assessment of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s6_185\" id=\"t14_185\" style=\"left:829px;bottom:11px;letter-spacing:-0.83px;display:inline;\">183 </div><div class=\"t s7_185\" id=\"t15_185\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_185\" id=\"t16_185\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_185\" id=\"t17_185\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_185\" id=\"t18_185\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_185\" id=\"t19_185\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_185\" id=\"t1a_185\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_186\" id=\"t1_186\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_186\" id=\"t2_186\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_186\" id=\"t3_186\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_186\" id=\"t4_186\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_186\" id=\"t5_186\" style=\"left:43px;bottom:956px;display:inline;\">7 </div><div class=\"t s6_186\" id=\"t6_186\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div><div class=\"t s7_186\" id=\"t7_186\" style=\"left:268px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_186\" id=\"t8_186\" style=\"left:586px;bottom:934px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Plant and equipment </div>\n<div class=\"t s8_186\" id=\"t9_186\" style=\"left:722px;bottom:930px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">Assets in </div>\n<div class=\"t s8_186\" id=\"ta_186\" style=\"left:488px;bottom:918px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Land and </div><div class=\"t s8_186\" id=\"tb_186\" style=\"left:721px;bottom:918px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">course of </div>\n<div class=\"t s8_186\" id=\"tc_186\" style=\"left:488px;bottom:906px;letter-spacing:-0.07px;display:inline;\">buildings </div><div class=\"t s8_186\" id=\"td_186\" style=\"left:550px;bottom:906px;letter-spacing:-0.07px;display:inline;\">Instruments </div><div class=\"t s8_186\" id=\"te_186\" style=\"left:660px;bottom:906px;letter-spacing:-0.05px;display:inline;\">Other </div><div class=\"t s8_186\" id=\"tf_186\" style=\"left:703px;bottom:906px;letter-spacing:-0.06px;display:inline;\">construction </div><div class=\"t s8_186\" id=\"tg_186\" style=\"left:815px;bottom:906px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s8_186\" id=\"th_186\" style=\"left:420px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ti_186\" style=\"left:422px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tj_186\" style=\"left:425px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tk_186\" style=\"left:427px;bottom:893px;letter-spacing:-0.1px;word-spacing:-0.17px;display:inline;\">\u00a0Notes </div><div class=\"t s8_186\" id=\"tl_186\" style=\"left:463px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tm_186\" style=\"left:466px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tn_186\" style=\"left:468px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"to_186\" style=\"left:470px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tp_186\" style=\"left:491px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"tq_186\" style=\"left:537px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tr_186\" style=\"left:539px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ts_186\" style=\"left:542px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tt_186\" style=\"left:544px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tu_186\" style=\"left:568px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"tv_186\" style=\"left:615px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tw_186\" style=\"left:617px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tx_186\" style=\"left:620px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"ty_186\" style=\"left:622px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"tz_186\" style=\"left:646px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t10_186\" style=\"left:693px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t11_186\" style=\"left:695px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t12_186\" style=\"left:698px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t13_186\" style=\"left:700px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t14_186\" style=\"left:724px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t15_186\" style=\"left:771px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t16_186\" style=\"left:773px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t17_186\" style=\"left:776px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t18_186\" style=\"left:778px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t19_186\" style=\"left:798px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_186\" id=\"t1a_186\" style=\"left:844px;bottom:893px;display:inline;\">\u00a0</div>\n<div class=\"t s9_186\" id=\"t1b_186\" style=\"left:48px;bottom:874px;letter-spacing:0.21px;display:inline;\">Cost </div>\n<div class=\"t sa_186\" id=\"t1c_186\" style=\"left:43px;bottom:855px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_186\" id=\"t1d_186\" style=\"left:447px;bottom:855px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1e_186\" style=\"left:450px;bottom:855px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1f_186\" style=\"left:510px;bottom:855px;letter-spacing:-0.71px;display:inline;\">616 </div><div class=\"t sa_186\" id=\"t1g_186\" style=\"left:577px;bottom:855px;letter-spacing:-0.33px;display:inline;\">1,676 </div><div class=\"t sa_186\" id=\"t1h_186\" style=\"left:655px;bottom:855px;letter-spacing:-0.16px;display:inline;\">1,244 </div><div class=\"t sa_186\" id=\"t1i_186\" style=\"left:744px;bottom:855px;letter-spacing:-0.63px;display:inline;\">216 </div><div class=\"t sa_186\" id=\"t1j_186\" style=\"left:807px;bottom:855px;letter-spacing:-0.35px;display:inline;\">3,752 </div>\n<div class=\"t sa_186\" id=\"t1k_186\" style=\"left:43px;bottom:837px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t1l_186\" style=\"left:447px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1m_186\" style=\"left:450px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t1n_186\" style=\"left:521px;bottom:837px;letter-spacing:-0.16px;display:inline;\">(9) </div><div class=\"t sa_186\" id=\"t1o_186\" style=\"left:591px;bottom:837px;letter-spacing:-0.1px;display:inline;\">(53) </div><div class=\"t sa_186\" id=\"t1p_186\" style=\"left:669px;bottom:837px;letter-spacing:-0.26px;display:inline;\">(16) </div><div class=\"t sa_186\" id=\"t1q_186\" style=\"left:755px;bottom:837px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t1r_186\" style=\"left:820px;bottom:837px;letter-spacing:-0.05px;display:inline;\">(79) </div>\n<div class=\"t sa_186\" id=\"t1s_186\" style=\"left:43px;bottom:819px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_186\" id=\"t1t_186\" style=\"left:444px;bottom:819px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t sa_186\" id=\"t1u_186\" style=\"left:525px;bottom:819px;display:inline;\">9 </div><div class=\"t sa_186\" id=\"t1v_186\" style=\"left:603px;bottom:819px;display:inline;\">9 </div><div class=\"t sa_186\" id=\"t1w_186\" style=\"left:680px;bottom:819px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t1x_186\" style=\"left:758px;bottom:819px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t1y_186\" style=\"left:825px;bottom:819px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t sa_186\" id=\"t1z_186\" style=\"left:43px;bottom:800px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t20_186\" style=\"left:447px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t21_186\" style=\"left:450px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t22_186\" style=\"left:517px;bottom:800px;letter-spacing:-0.31px;display:inline;\">53 </div><div class=\"t sa_186\" id=\"t23_186\" style=\"left:588px;bottom:800px;letter-spacing:-0.51px;display:inline;\">151 </div><div class=\"t sa_186\" id=\"t24_186\" style=\"left:672px;bottom:800px;letter-spacing:0.11px;display:inline;\">40 </div><div class=\"t sa_186\" id=\"t25_186\" style=\"left:744px;bottom:800px;letter-spacing:-0.71px;display:inline;\">161 </div><div class=\"t sa_186\" id=\"t26_186\" style=\"left:816px;bottom:800px;letter-spacing:0.02px;display:inline;\">405 </div>\n<div class=\"t sa_186\" id=\"t27_186\" style=\"left:43px;bottom:782px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_186\" id=\"t28_186\" style=\"left:514px;bottom:782px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t sa_186\" id=\"t29_186\" style=\"left:591px;bottom:782px;letter-spacing:-0.07px;display:inline;\">(88) </div><div class=\"t sa_186\" id=\"t2a_186\" style=\"left:669px;bottom:782px;letter-spacing:-0.15px;display:inline;\">(28) </div><div class=\"t sa_186\" id=\"t2b_186\" style=\"left:758px;bottom:782px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t2c_186\" style=\"left:814px;bottom:782px;letter-spacing:-0.35px;display:inline;\">(124) </div>\n<div class=\"t sa_186\" id=\"t2d_186\" style=\"left:43px;bottom:763px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t2e_186\" style=\"left:524px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2f_186\" style=\"left:602px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2g_186\" style=\"left:677px;bottom:763px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t sa_186\" id=\"t2h_186\" style=\"left:758px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t2i_186\" style=\"left:828px;bottom:763px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t sa_186\" id=\"t2j_186\" style=\"left:43px;bottom:745px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t2k_186\" style=\"left:447px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2l_186\" style=\"left:450px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2m_186\" style=\"left:517px;bottom:745px;letter-spacing:-0.26px;display:inline;\">29 </div><div class=\"t sa_186\" id=\"t2n_186\" style=\"left:599px;bottom:745px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t2o_186\" style=\"left:673px;bottom:745px;letter-spacing:0.03px;display:inline;\">46 </div><div class=\"t sa_186\" id=\"t2p_186\" style=\"left:746px;bottom:745px;letter-spacing:0.23px;display:inline;\">(77) </div><div class=\"t sa_186\" id=\"t2q_186\" style=\"left:828px;bottom:745px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s9_186\" id=\"t2r_186\" style=\"left:43px;bottom:726px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t2s_186\" style=\"left:447px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2t_186\" style=\"left:450px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t2u_186\" style=\"left:509px;bottom:726px;letter-spacing:0.04px;display:inline;\">688 </div><div class=\"t sa_186\" id=\"t2v_186\" style=\"left:577px;bottom:726px;letter-spacing:-0.19px;display:inline;\">1,694 </div><div class=\"t sa_186\" id=\"t2w_186\" style=\"left:655px;bottom:726px;letter-spacing:-0.24px;display:inline;\">1,282 </div><div class=\"t sa_186\" id=\"t2x_186\" style=\"left:743px;bottom:726px;letter-spacing:-0.19px;display:inline;\">303 </div><div class=\"t sa_186\" id=\"t2y_186\" style=\"left:806px;bottom:726px;letter-spacing:-0.16px;display:inline;\">3,967 </div>\n<div class=\"t sa_186\" id=\"t2z_186\" style=\"left:43px;bottom:708px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t30_186\" style=\"left:447px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t31_186\" style=\"left:450px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t32_186\" style=\"left:511px;bottom:708px;letter-spacing:-0.26px;display:inline;\">(18) </div><div class=\"t sb_186\" id=\"t33_186\" style=\"left:589px;bottom:708px;letter-spacing:-0.18px;display:inline;\">(66) </div><div class=\"t sb_186\" id=\"t34_186\" style=\"left:667px;bottom:708px;letter-spacing:-0.2px;display:inline;\">(39) </div><div class=\"t sb_186\" id=\"t35_186\" style=\"left:753px;bottom:708px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sb_186\" id=\"t36_186\" style=\"left:810px;bottom:708px;letter-spacing:-0.31px;display:inline;\">(129) </div>\n<div class=\"t sa_186\" id=\"t37_186\" style=\"left:43px;bottom:690px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_186\" id=\"t38_186\" style=\"left:444px;bottom:690px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t sb_186\" id=\"t39_186\" style=\"left:525px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3a_186\" style=\"left:602px;bottom:690px;display:inline;\">2 </div><div class=\"t sb_186\" id=\"t3b_186\" style=\"left:681px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3c_186\" style=\"left:758px;bottom:690px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3d_186\" style=\"left:831px;bottom:690px;display:inline;\">2 </div>\n<div class=\"t sa_186\" id=\"t3e_186\" style=\"left:43px;bottom:671px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t3f_186\" style=\"left:447px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t3g_186\" style=\"left:450px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t3h_186\" style=\"left:516px;bottom:671px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sb_186\" id=\"t3i_186\" style=\"left:586px;bottom:671px;letter-spacing:-0.38px;display:inline;\">129 </div><div class=\"t sb_186\" id=\"t3j_186\" style=\"left:672px;bottom:671px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sb_186\" id=\"t3k_186\" style=\"left:741px;bottom:671px;letter-spacing:-0.2px;display:inline;\">136 </div><div class=\"t sb_186\" id=\"t3l_186\" style=\"left:814px;bottom:671px;letter-spacing:-0.01px;display:inline;\">340 </div>\n<div class=\"t sa_186\" id=\"t3m_186\" style=\"left:43px;bottom:653px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_186\" id=\"t3n_186\" style=\"left:511px;bottom:653px;letter-spacing:-0.34px;display:inline;\">(45) </div><div class=\"t sb_186\" id=\"t3o_186\" style=\"left:589px;bottom:653px;letter-spacing:-0.17px;display:inline;\">(58) </div><div class=\"t sb_186\" id=\"t3p_186\" style=\"left:667px;bottom:653px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_186\" id=\"t3q_186\" style=\"left:753px;bottom:653px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_186\" id=\"t3r_186\" style=\"left:810px;bottom:653px;letter-spacing:-0.28px;display:inline;\">(153) </div>\n<div class=\"t sa_186\" id=\"t3s_186\" style=\"left:43px;bottom:634px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_186\" id=\"t3t_186\" style=\"left:525px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3u_186\" style=\"left:603px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3v_186\" style=\"left:681px;bottom:634px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t3w_186\" style=\"left:753px;bottom:634px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_186\" id=\"t3x_186\" style=\"left:826px;bottom:634px;letter-spacing:-0.21px;display:inline;\">(3) </div>\n<div class=\"t sa_186\" id=\"t3y_186\" style=\"left:43px;bottom:616px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t3z_186\" style=\"left:447px;bottom:616px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t40_186\" style=\"left:450px;bottom:616px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t41_186\" style=\"left:516px;bottom:616px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sb_186\" id=\"t42_186\" style=\"left:602px;bottom:616px;display:inline;\">9 </div><div class=\"t sb_186\" id=\"t43_186\" style=\"left:664px;bottom:616px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sb_186\" id=\"t44_186\" style=\"left:737px;bottom:616px;letter-spacing:-0.46px;display:inline;\">(173) </div><div class=\"t sb_186\" id=\"t45_186\" style=\"left:832px;bottom:616px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t46_186\" style=\"left:43px;bottom:597px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_186\" id=\"t47_186\" style=\"left:447px;bottom:597px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t48_186\" style=\"left:450px;bottom:597px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t49_186\" style=\"left:507px;bottom:597px;letter-spacing:-0.28px;display:inline;\">726 </div><div class=\"t sb_186\" id=\"t4a_186\" style=\"left:574px;bottom:597px;letter-spacing:-0.25px;display:inline;\">1,710 </div><div class=\"t sb_186\" id=\"t4b_186\" style=\"left:651px;bottom:597px;letter-spacing:-0.07px;display:inline;\">1,332 </div><div class=\"t sb_186\" id=\"t4c_186\" style=\"left:741px;bottom:597px;letter-spacing:-0.28px;display:inline;\">256 </div><div class=\"t sb_186\" id=\"t4d_186\" style=\"left:803px;bottom:597px;letter-spacing:-0.16px;display:inline;\">4,024 </div>\n<div class=\"t s9_186\" id=\"t4e_186\" style=\"left:48px;bottom:579px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Depreciation and impairment </div><div class=\"t sa_186\" id=\"t4f_186\" style=\"left:447px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4g_186\" style=\"left:450px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4h_186\" style=\"left:521px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4i_186\" style=\"left:524px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4j_186\" style=\"left:599px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4k_186\" style=\"left:602px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4l_186\" style=\"left:677px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4m_186\" style=\"left:680px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4n_186\" style=\"left:755px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4o_186\" style=\"left:758px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4p_186\" style=\"left:828px;bottom:579px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4q_186\" style=\"left:831px;bottom:579px;display:inline;\">\u00a0</div>\n<div class=\"t sa_186\" id=\"t4r_186\" style=\"left:43px;bottom:560px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_186\" id=\"t4s_186\" style=\"left:447px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4t_186\" style=\"left:450px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t4u_186\" style=\"left:509px;bottom:560px;letter-spacing:-0.25px;display:inline;\">199 </div><div class=\"t sa_186\" id=\"t4v_186\" style=\"left:577px;bottom:560px;letter-spacing:-0.13px;display:inline;\">1,233 </div><div class=\"t sa_186\" id=\"t4w_186\" style=\"left:665px;bottom:560px;letter-spacing:-0.47px;display:inline;\">871 </div><div class=\"t sa_186\" id=\"t4x_186\" style=\"left:758px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t4y_186\" style=\"left:806px;bottom:560px;letter-spacing:-0.09px;display:inline;\">2,303 </div>\n<div class=\"t sa_186\" id=\"t4z_186\" style=\"left:43px;bottom:542px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t50_186\" style=\"left:447px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t51_186\" style=\"left:450px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t52_186\" style=\"left:521px;bottom:542px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_186\" id=\"t53_186\" style=\"left:592px;bottom:542px;letter-spacing:-0.37px;display:inline;\">(43) </div><div class=\"t sa_186\" id=\"t54_186\" style=\"left:669px;bottom:542px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t sa_186\" id=\"t55_186\" style=\"left:758px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t56_186\" style=\"left:820px;bottom:542px;letter-spacing:-0.13px;display:inline;\">(60) </div>\n<div class=\"t sa_186\" id=\"t57_186\" style=\"left:43px;bottom:524px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the\u00a0year </div><div class=\"t sa_186\" id=\"t58_186\" style=\"left:447px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t59_186\" style=\"left:450px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5a_186\" style=\"left:517px;bottom:524px;letter-spacing:-0.5px;display:inline;\">62 </div><div class=\"t sa_186\" id=\"t5b_186\" style=\"left:588px;bottom:524px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t sa_186\" id=\"t5c_186\" style=\"left:673px;bottom:524px;letter-spacing:-0.07px;display:inline;\">86 </div><div class=\"t sa_186\" id=\"t5d_186\" style=\"left:758px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5e_186\" style=\"left:817px;bottom:524px;letter-spacing:-0.49px;display:inline;\">326 </div>\n<div class=\"t sa_186\" id=\"t5f_186\" style=\"left:43px;bottom:505px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t5g_186\" style=\"left:447px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5h_186\" style=\"left:450px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5i_186\" style=\"left:524px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5j_186\" style=\"left:602px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5k_186\" style=\"left:676px;bottom:505px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t sa_186\" id=\"t5l_186\" style=\"left:758px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5m_186\" style=\"left:828px;bottom:505px;letter-spacing:0.07px;display:inline;\">(5) </div>\n<div class=\"t sa_186\" id=\"t5n_186\" style=\"left:43px;bottom:487px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_186\" id=\"t5o_186\" style=\"left:447px;bottom:487px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5p_186\" style=\"left:450px;bottom:487px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5q_186\" style=\"left:514px;bottom:487px;letter-spacing:-0.34px;display:inline;\">(10) </div><div class=\"t sa_186\" id=\"t5r_186\" style=\"left:590px;bottom:487px;letter-spacing:0.02px;display:inline;\">(75) </div><div class=\"t sa_186\" id=\"t5s_186\" style=\"left:669px;bottom:487px;letter-spacing:-0.05px;display:inline;\">(25) </div><div class=\"t sa_186\" id=\"t5t_186\" style=\"left:758px;bottom:487px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t5u_186\" style=\"left:814px;bottom:487px;letter-spacing:-0.38px;display:inline;\">(110) </div>\n<div class=\"t sa_186\" id=\"t5v_186\" style=\"left:43px;bottom:468px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t5w_186\" style=\"left:447px;bottom:468px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5x_186\" style=\"left:450px;bottom:468px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t5y_186\" style=\"left:524px;bottom:468px;display:inline;\">2 </div><div class=\"t sa_186\" id=\"t5z_186\" style=\"left:599px;bottom:468px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t60_186\" style=\"left:677px;bottom:468px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_186\" id=\"t61_186\" style=\"left:758px;bottom:468px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t62_186\" style=\"left:832px;bottom:468px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t63_186\" style=\"left:43px;bottom:450px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t64_186\" style=\"left:447px;bottom:450px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t65_186\" style=\"left:450px;bottom:450px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t66_186\" style=\"left:510px;bottom:450px;letter-spacing:-0.53px;display:inline;\">249 </div><div class=\"t sa_186\" id=\"t67_186\" style=\"left:577px;bottom:450px;letter-spacing:-0.23px;display:inline;\">1,292 </div><div class=\"t sa_186\" id=\"t68_186\" style=\"left:665px;bottom:450px;letter-spacing:-0.42px;display:inline;\">913 </div><div class=\"t sa_186\" id=\"t69_186\" style=\"left:758px;bottom:450px;display:inline;\">\u2013 </div><div class=\"t sa_186\" id=\"t6a_186\" style=\"left:806px;bottom:450px;letter-spacing:-0.18px;display:inline;\">2,454 </div>\n<div class=\"t sa_186\" id=\"t6b_186\" style=\"left:43px;bottom:431px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_186\" id=\"t6c_186\" style=\"left:447px;bottom:431px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6d_186\" style=\"left:450px;bottom:431px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6e_186\" style=\"left:519px;bottom:431px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t sb_186\" id=\"t6f_186\" style=\"left:589px;bottom:431px;letter-spacing:-0.36px;display:inline;\">(52) </div><div class=\"t sb_186\" id=\"t6g_186\" style=\"left:667px;bottom:431px;letter-spacing:-0.21px;display:inline;\">(29) </div><div class=\"t sb_186\" id=\"t6h_186\" style=\"left:758px;bottom:431px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6i_186\" style=\"left:818px;bottom:431px;letter-spacing:-0.21px;display:inline;\">(89) </div>\n<div class=\"t sa_186\" id=\"t6j_186\" style=\"left:43px;bottom:413px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the\u00a0year </div><div class=\"t sa_186\" id=\"t6k_186\" style=\"left:447px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6l_186\" style=\"left:450px;bottom:413px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6m_186\" style=\"left:516px;bottom:413px;letter-spacing:-0.49px;display:inline;\">62 </div><div class=\"t sb_186\" id=\"t6n_186\" style=\"left:586px;bottom:413px;letter-spacing:-0.65px;display:inline;\">172 </div><div class=\"t sb_186\" id=\"t6o_186\" style=\"left:671px;bottom:413px;letter-spacing:-0.16px;display:inline;\">85 </div><div class=\"t sb_186\" id=\"t6p_186\" style=\"left:758px;bottom:413px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6q_186\" style=\"left:815px;bottom:413px;letter-spacing:-0.55px;display:inline;\">319 </div>\n<div class=\"t sa_186\" id=\"t6r_186\" style=\"left:43px;bottom:395px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_186\" id=\"t6s_186\" style=\"left:447px;bottom:395px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t6t_186\" style=\"left:450px;bottom:395px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t6u_186\" style=\"left:516px;bottom:395px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t sb_186\" id=\"t6v_186\" style=\"left:602px;bottom:395px;display:inline;\">8 </div><div class=\"t sb_186\" id=\"t6w_186\" style=\"left:680px;bottom:395px;display:inline;\">1 </div><div class=\"t sb_186\" id=\"t6x_186\" style=\"left:758px;bottom:395px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t6y_186\" style=\"left:823px;bottom:395px;letter-spacing:-0.51px;display:inline;\">27 </div>\n<div class=\"t sa_186\" id=\"t6z_186\" style=\"left:43px;bottom:376px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_186\" id=\"t70_186\" style=\"left:510px;bottom:376px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t sb_186\" id=\"t71_186\" style=\"left:588px;bottom:376px;letter-spacing:-0.17px;display:inline;\">(58) </div><div class=\"t sb_186\" id=\"t72_186\" style=\"left:667px;bottom:376px;letter-spacing:-0.36px;display:inline;\">(47) </div><div class=\"t sb_186\" id=\"t73_186\" style=\"left:758px;bottom:376px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t74_186\" style=\"left:810px;bottom:376px;letter-spacing:-0.35px;display:inline;\">(142) </div>\n<div class=\"t sa_186\" id=\"t75_186\" style=\"left:43px;bottom:358px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_186\" id=\"t76_186\" style=\"left:447px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t77_186\" style=\"left:450px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t78_186\" style=\"left:524px;bottom:358px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t79_186\" style=\"left:602px;bottom:358px;display:inline;\">4 </div><div class=\"t sb_186\" id=\"t7a_186\" style=\"left:675px;bottom:358px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sb_186\" id=\"t7b_186\" style=\"left:758px;bottom:358px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t7c_186\" style=\"left:832px;bottom:358px;display:inline;\">\u2013 </div>\n<div class=\"t s9_186\" id=\"t7d_186\" style=\"left:43px;bottom:339px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_186\" id=\"t7e_186\" style=\"left:447px;bottom:339px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7f_186\" style=\"left:450px;bottom:339px;display:inline;\">\u00a0</div><div class=\"t sb_186\" id=\"t7g_186\" style=\"left:507px;bottom:339px;letter-spacing:-0.11px;display:inline;\">284 </div><div class=\"t sb_186\" id=\"t7h_186\" style=\"left:573px;bottom:339px;letter-spacing:0.05px;display:inline;\">1,366 </div><div class=\"t sb_186\" id=\"t7i_186\" style=\"left:664px;bottom:339px;letter-spacing:-0.54px;display:inline;\">919 </div><div class=\"t sb_186\" id=\"t7j_186\" style=\"left:758px;bottom:339px;display:inline;\">\u2013 </div><div class=\"t sb_186\" id=\"t7k_186\" style=\"left:803px;bottom:339px;letter-spacing:-0.02px;display:inline;\">2,569 </div>\n<div class=\"t s9_186\" id=\"t7l_186\" style=\"left:47px;bottom:321px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Net book amounts </div><div class=\"t sa_186\" id=\"t7m_186\" style=\"left:447px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7n_186\" style=\"left:450px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7o_186\" style=\"left:521px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7p_186\" style=\"left:524px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7q_186\" style=\"left:599px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7r_186\" style=\"left:602px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7s_186\" style=\"left:676px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7t_186\" style=\"left:679px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7u_186\" style=\"left:754px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7v_186\" style=\"left:757px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7w_186\" style=\"left:828px;bottom:321px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t7x_186\" style=\"left:831px;bottom:321px;display:inline;\">\u00a0</div>\n<div class=\"t s9_186\" id=\"t7y_186\" style=\"left:43px;bottom:302px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_186\" id=\"t7z_186\" style=\"left:507px;bottom:302px;letter-spacing:-0.19px;display:inline;\">442 </div><div class=\"t sb_186\" id=\"t80_186\" style=\"left:585px;bottom:302px;letter-spacing:0.01px;display:inline;\">344 </div><div class=\"t sb_186\" id=\"t81_186\" style=\"left:663px;bottom:302px;letter-spacing:-0.39px;display:inline;\">413 </div><div class=\"t sb_186\" id=\"t82_186\" style=\"left:741px;bottom:302px;letter-spacing:-0.28px;display:inline;\">256 </div><div class=\"t sb_186\" id=\"t83_186\" style=\"left:803px;bottom:302px;letter-spacing:-0.07px;display:inline;\">1,455 </div>\n<div class=\"t sa_186\" id=\"t84_186\" style=\"left:43px;bottom:284px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_186\" id=\"t85_186\" style=\"left:447px;bottom:284px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t86_186\" style=\"left:450px;bottom:284px;display:inline;\">\u00a0</div><div class=\"t sa_186\" id=\"t87_186\" style=\"left:509px;bottom:284px;letter-spacing:-0.25px;display:inline;\">439 </div><div class=\"t sa_186\" id=\"t88_186\" style=\"left:587px;bottom:284px;letter-spacing:-0.21px;display:inline;\">402 </div><div class=\"t sa_186\" id=\"t89_186\" style=\"left:665px;bottom:284px;letter-spacing:-0.23px;display:inline;\">369 </div><div class=\"t sa_186\" id=\"t8a_186\" style=\"left:743px;bottom:284px;letter-spacing:-0.19px;display:inline;\">303 </div><div class=\"t sa_186\" id=\"t8b_186\" style=\"left:806px;bottom:284px;letter-spacing:-0.23px;display:inline;\">1,513 </div>\n<div class=\"t sa_186\" id=\"t8c_186\" style=\"left:43px;bottom:255px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">Land and buildings includes land with a cost of $22m (2021: $23m) that is not subject to depreciation. Transfers from assets in course of </div>\n<div class=\"t sa_186\" id=\"t8d_186\" style=\"left:43px;bottom:240px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">construction includes $nil (2021: $3m) of so\ufb05ware. Assets under construction in 2022 re\ufb02ect that the Group is undergoing investment in </div>\n<div class=\"t sa_186\" id=\"t8e_186\" style=\"left:43px;bottom:225px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">its manufacturing facilities including expanding facilities in Malaysia and Costa Rica, and the development of new manufacturing facility </div>\n<div class=\"t sa_186\" id=\"t8f_186\" style=\"left:43px;bottom:209px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">in Hull, UK. Group capital expenditure relating to property, plant and equipment contracted but not provided for amounted to $20m </div>\n<div class=\"t sa_186\" id=\"t8g_186\" style=\"left:43px;bottom:194px;letter-spacing:0.03px;display:inline;\">(2021: $52m). The amount of\u00a0borrowing costs capitalised in 2022 and 2021 was minimal. </div>\n<div class=\"t sa_186\" id=\"t8h_186\" style=\"left:43px;bottom:170px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Information about the Group\u2019s right-of-use assets is outlined below: </div>\n<div class=\"t s8_186\" id=\"t8i_186\" style=\"left:709px;bottom:156px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Land and </div>\n<div class=\"t s8_186\" id=\"t8j_186\" style=\"left:709px;bottom:144px;letter-spacing:-0.07px;display:inline;\">buildings </div>\n<div class=\"t s8_186\" id=\"t8k_186\" style=\"left:793px;bottom:156px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">Plant and </div>\n<div class=\"t s8_186\" id=\"t8l_186\" style=\"left:787px;bottom:144px;letter-spacing:-0.08px;display:inline;\">equipment </div>\n<div class=\"t sc_186\" id=\"t8m_186\" style=\"left:43px;bottom:132px;letter-spacing:-0.54px;display:inline;\">2022 </div><div class=\"t s8_186\" id=\"t8n_186\" style=\"left:671px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8o_186\" style=\"left:674px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8p_186\" style=\"left:676px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8q_186\" style=\"left:678px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8r_186\" style=\"left:711px;bottom:132px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_186\" id=\"t8s_186\" style=\"left:758px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8t_186\" style=\"left:760px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8u_186\" style=\"left:763px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8v_186\" style=\"left:765px;bottom:132px;display:inline;\">\u00a0</div><div class=\"t s8_186\" id=\"t8w_186\" style=\"left:798px;bottom:132px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_186\" id=\"t8x_186\" style=\"left:43px;bottom:112px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_186\" id=\"t8y_186\" style=\"left:738px;bottom:112px;letter-spacing:-0.3px;display:inline;\">49 </div><div class=\"t sa_186\" id=\"t8z_186\" style=\"left:825px;bottom:112px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t sa_186\" id=\"t90_186\" style=\"left:43px;bottom:94px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Depreciation charge in the year </div><div class=\"t sa_186\" id=\"t91_186\" style=\"left:737px;bottom:94px;letter-spacing:0.16px;display:inline;\">44 </div><div class=\"t sa_186\" id=\"t92_186\" style=\"left:825px;bottom:94px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t sa_186\" id=\"t93_186\" style=\"left:43px;bottom:76px;letter-spacing:0.12px;word-spacing:-0.07px;display:inline;\">Net book value at 31 December </div><div class=\"t sa_186\" id=\"t94_186\" style=\"left:730px;bottom:76px;letter-spacing:-0.34px;display:inline;\">160 </div>27",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22743": {
   "value": "Accounting policy <div class=\"t s4_185\" id=\"t4_185\" style=\"left:74px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Property, plant and equipment </div>\n<div class=\"t s4_185\" id=\"t5_185\" style=\"left:74px;bottom:893px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Owned assets </div>\n<div class=\"t s5_185\" id=\"t6_185\" style=\"left:74px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Items of property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. </div>\n<div class=\"t s5_185\" id=\"t7_185\" style=\"left:74px;bottom:851px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Depreciation is calculated to write o\ufb00 the cost of items of property, plant and equipment less their estimated residual values using </div>\n<div class=\"t s5_185\" id=\"t8_185\" style=\"left:74px;bottom:836px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0straight-line method over their estimated useful lives, and is ultimately recognised in pro\ufb01t or loss. Leased assets are depreciated </div>\n<div class=\"t s5_185\" id=\"t9_185\" style=\"left:74px;bottom:821px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end </div>\n<div class=\"t s5_185\" id=\"ta_185\" style=\"left:74px;bottom:806px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of the lease term. Freehold land is not depreciated. The estimated useful lives of items of property, plant and equipment is 3\u201320 years </div>\n<div class=\"t s5_185\" id=\"tb_185\" style=\"left:74px;bottom:790px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">and for buildings is 20\u201350 years. </div>\n<div class=\"t s5_185\" id=\"tc_185\" style=\"left:74px;bottom:766px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Assets in course of construction are not depreciated until they are available for use. </div>\n<div class=\"t s5_185\" id=\"td_185\" style=\"left:74px;bottom:742px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. </div>\n<div class=\"t s5_185\" id=\"te_185\" style=\"left:74px;bottom:718px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Finance costs relating to the purchase or construction of property, plant and equipment and intangible assets that take longer than </div>\n<div class=\"t s5_185\" id=\"tf_185\" style=\"left:74px;bottom:703px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">one year to complete are capitalised based on the Group weighted average borrowing costs. All other \ufb01nance costs are expensed </div>\n<div class=\"t s5_185\" id=\"tg_185\" style=\"left:74px;bottom:688px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">as incurred. </div>\n<div class=\"t s4_185\" id=\"th_185\" style=\"left:74px;bottom:663px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Leased assets </div>\n<div class=\"t s5_185\" id=\"ti_185\" style=\"left:74px;bottom:646px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The assessment of whether a contract is or contains a lease takes place at the inception of the contract. The assessment involves </div>\n<div class=\"t s5_185\" id=\"tj_185\" style=\"left:74px;bottom:631px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">whether the Group obtains substantially all the economic bene\ufb01ts from the use of that asset and whether the Group has the right </div>\n<div class=\"t s5_185\" id=\"tk_185\" style=\"left:74px;bottom:615px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to direct the use of the asset. The Group allocates the consideration in the contract to each lease and non-lease component. </div>\n<div class=\"t s5_185\" id=\"tl_185\" style=\"left:74px;bottom:600px;letter-spacing:0.15px;display:inline;\">The </div><div class=\"t s5_185\" id=\"tm_185\" style=\"left:99px;bottom:600px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">\u00a0non-lease component, where it is separately identi\ufb01able, is not included in the right-of-use asset. </div>\n<div class=\"t s5_185\" id=\"tn_185\" style=\"left:74px;bottom:576px;word-spacing:-0.1px;display:inline;\">The Group leases many assets including properties, motor vehicles and o\ufb03ce equipment. The Group availed itself of the exemptions </div>\n<div class=\"t s5_185\" id=\"to_185\" style=\"left:74px;bottom:561px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">for short-term leases and leases of low-value items for leases other than those for properties and motor vehicles. The use of these </div>\n<div class=\"t s5_185\" id=\"tp_185\" style=\"left:74px;bottom:546px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">exemptions does not have a material impact. The Group recognises a right-of-use asset and a lease liability at the commencement </div>\n<div class=\"t s5_185\" id=\"tq_185\" style=\"left:74px;bottom:530px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of the lease. The right-of-use asset is initially measured based on the present value of lease payments that are not paid at the </div>\n<div class=\"t s5_185\" id=\"tr_185\" style=\"left:74px;bottom:515px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">commencement date plus initial direct costs less any incentives received. The lease payments are discounted using an incremental </div>\n<div class=\"t s5_185\" id=\"ts_185\" style=\"left:74px;bottom:500px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">borrowing rate which is country-speci\ufb01c and re\ufb02ective of the lease term. The right-of-use asset is depreciated over the shorter </div>\n<div class=\"t s5_185\" id=\"tt_185\" style=\"left:74px;bottom:484px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0the\u00a0lease term or the useful life of the underlying asset. </div>\n<div class=\"t s5_185\" id=\"tu_185\" style=\"left:74px;bottom:460px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ows arising on lease interest payments are included in operating cash \ufb02ows whereas cash \ufb02ows arising on the capital </div>\n<div class=\"t s5_185\" id=\"tv_185\" style=\"left:74px;bottom:445px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">repayments of the lease liability are included in \ufb01nancing cash \ufb02ows. </div>\n<div class=\"t s4_185\" id=\"tw_185\" style=\"left:74px;bottom:421px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of assets </div>\n<div class=\"t s5_185\" id=\"tx_185\" style=\"left:74px;bottom:403px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances </div>\n<div class=\"t s5_185\" id=\"ty_185\" style=\"left:74px;bottom:388px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">indicate the carrying value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order </div>\n<div class=\"t s5_185\" id=\"tz_185\" style=\"left:74px;bottom:373px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to determine the extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, </div>\n<div class=\"t s5_185\" id=\"t10_185\" style=\"left:74px;bottom:357px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0Group estimates the recoverable amount of the cash-generating unit to which it belongs. </div>\n<div class=\"t s5_185\" id=\"t11_185\" style=\"left:74px;bottom:333px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">An asset\u2019s recoverable amount is the higher of an asset\u2019s or cash-generating unit\u2019s fair value less costs to sell and its value-in-use. </div>\n<div class=\"t s5_185\" id=\"t12_185\" style=\"left:74px;bottom:318px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using a pre-tax discount rate that re\ufb02ects </div>\nthe\u00a0current market assessment of the time value of money and the risks speci\ufb01c to the asset.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22749": {
   "value": "Depreciation is calculated to write o\ufb00 the cost of items of property, plant and equipment less their estimated residual values using <div class=\"t s5_185\" id=\"t8_185\" style=\"left:74px;bottom:836px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0straight-line method over their estimated useful lives, and is ultimately recognised in pro\ufb01t or loss. Leased assets are depreciated </div>\n<div class=\"t s5_185\" id=\"t9_185\" style=\"left:74px;bottom:821px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">over the shorter of the lease term and their useful lives unless it is reasonably certain that the Group will obtain ownership by the end </div>\n<div class=\"t s5_185\" id=\"ta_185\" style=\"left:74px;bottom:806px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">of the lease term. Freehold land is not depreciated. The estimated useful lives of items of property, plant and equipment is 3\u201320 years </div>\n<div class=\"t s5_185\" id=\"tb_185\" style=\"left:74px;bottom:790px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">and for buildings is 20\u201350 years. </div>\n<div class=\"t s5_185\" id=\"tc_185\" style=\"left:74px;bottom:766px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Assets in course of construction are not depreciated until they are available for use. </div>\nDepreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22762": {
   "value": "Leased assets <div class=\"t s5_185\" id=\"ti_185\" style=\"left:74px;bottom:646px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The assessment of whether a contract is or contains a lease takes place at the inception of the contract. The assessment involves </div>\n<div class=\"t s5_185\" id=\"tj_185\" style=\"left:74px;bottom:631px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">whether the Group obtains substantially all the economic bene\ufb01ts from the use of that asset and whether the Group has the right </div>\n<div class=\"t s5_185\" id=\"tk_185\" style=\"left:74px;bottom:615px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to direct the use of the asset. The Group allocates the consideration in the contract to each lease and non-lease component. </div>\n<div class=\"t s5_185\" id=\"tl_185\" style=\"left:74px;bottom:600px;letter-spacing:0.15px;display:inline;\">The </div><div class=\"t s5_185\" id=\"tm_185\" style=\"left:99px;bottom:600px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">\u00a0non-lease component, where it is separately identi\ufb01able, is not included in the right-of-use asset. </div>\n<div class=\"t s5_185\" id=\"tn_185\" style=\"left:74px;bottom:576px;word-spacing:-0.1px;display:inline;\">The Group leases many assets including properties, motor vehicles and o\ufb03ce equipment. The Group availed itself of the exemptions </div>\n<div class=\"t s5_185\" id=\"to_185\" style=\"left:74px;bottom:561px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">for short-term leases and leases of low-value items for leases other than those for properties and motor vehicles. The use of these </div>\n<div class=\"t s5_185\" id=\"tp_185\" style=\"left:74px;bottom:546px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">exemptions does not have a material impact. The Group recognises a right-of-use asset and a lease liability at the commencement </div>\n<div class=\"t s5_185\" id=\"tq_185\" style=\"left:74px;bottom:530px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of the lease. The right-of-use asset is initially measured based on the present value of lease payments that are not paid at the </div>\n<div class=\"t s5_185\" id=\"tr_185\" style=\"left:74px;bottom:515px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">commencement date plus initial direct costs less any incentives received. The lease payments are discounted using an incremental </div>\n<div class=\"t s5_185\" id=\"ts_185\" style=\"left:74px;bottom:500px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">borrowing rate which is country-speci\ufb01c and re\ufb02ective of the lease term. The right-of-use asset is depreciated over the shorter </div>\n<div class=\"t s5_185\" id=\"tt_185\" style=\"left:74px;bottom:484px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">of\u00a0the\u00a0lease term or the useful life of the underlying asset. </div>\n<div class=\"t s5_185\" id=\"tu_185\" style=\"left:74px;bottom:460px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ows arising on lease interest payments are included in operating cash \ufb02ows whereas cash \ufb02ows arising on the capital </div>\nrepayments of the lease liability are included in \ufb01nancing cash \ufb02ows.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22780": {
   "value": "Impairment of assets <div class=\"t s5_185\" id=\"tx_185\" style=\"left:74px;bottom:403px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances </div>\n<div class=\"t s5_185\" id=\"ty_185\" style=\"left:74px;bottom:388px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">indicate the carrying value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order </div>\n<div class=\"t s5_185\" id=\"tz_185\" style=\"left:74px;bottom:373px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to determine the extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, </div>\n<div class=\"t s5_185\" id=\"t10_185\" style=\"left:74px;bottom:357px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the\u00a0Group estimates the recoverable amount of the cash-generating unit to which it belongs. </div>\n<div class=\"t s5_185\" id=\"t11_185\" style=\"left:74px;bottom:333px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">An asset\u2019s recoverable amount is the higher of an asset\u2019s or cash-generating unit\u2019s fair value less costs to sell and its value-in-use. </div>\n<div class=\"t s5_185\" id=\"t12_185\" style=\"left:74px;bottom:318px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using a pre-tax discount rate that re\ufb02ects </div>the\u00a0current market assessment of the time value of money and the risks speci\ufb01c to the asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23152": {
   "value": "8 <div class=\"t s2_187\" id=\"t2_187\" style=\"left:78px;bottom:956px;letter-spacing:0.02px;display:inline;\">Goodwill </div>\n<div class=\"t s3_187\" id=\"t3_187\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_187\" id=\"t4_187\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Goodwill is not amortised but is reviewed for impairment annually. Goodwill is allocated to the cash-generating unit (CGU) that is </div>\n<div class=\"t s4_187\" id=\"t5_187\" style=\"left:74px;bottom:896px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">expected to bene\ufb01t from the acquisition. The goodwill is tested annually for impairment by comparing the recoverable amount to </div>\n<div class=\"t s4_187\" id=\"t6_187\" style=\"left:74px;bottom:881px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">the\u00a0carrying value of the CGUs. The CGUs identi\ufb01ed by management are at the aggregated product franchise levels of Orthopaedics, </div>\n<div class=\"t s4_187\" id=\"t7_187\" style=\"left:74px;bottom:866px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Sports Medicine &amp; ENT and Advanced Wound Management, in the way the core assets are used to generate cash \ufb02ows. </div>\n<div class=\"t s4_187\" id=\"t8_187\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the recoverable amount of the CGU is less than its carrying amount then an impairment loss is determined to have occurred. </div>\n<div class=\"t s4_187\" id=\"t9_187\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Any impairment losses that arise are recognised immediately in the income statement and are allocated \ufb01rst to reduce the </div>\n<div class=\"t s4_187\" id=\"ta_187\" style=\"left:74px;bottom:811px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">carrying\u00a0amount of goodwill and then to the carrying amounts of the other assets of the CGU. </div>\n<div class=\"t s4_187\" id=\"tb_187\" style=\"left:74px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of goodwill, a number of signi\ufb01cant assumptions have to be made when preparing cash \ufb02ow </div>\n<div class=\"t s4_187\" id=\"tc_187\" style=\"left:74px;bottom:772px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, the </div>\n<div class=\"t s4_187\" id=\"td_187\" style=\"left:74px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s4_187\" id=\"te_187\" style=\"left:74px;bottom:741px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or changes in expectations arise, impairment charges may be required which would adversely </div>\n<div class=\"t s4_187\" id=\"tf_187\" style=\"left:74px;bottom:726px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact\u00a0operating results. </div>\n<div class=\"t s5_187\" id=\"tg_187\" style=\"left:748px;bottom:690px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s5_187\" id=\"th_187\" style=\"left:835px;bottom:690px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s5_187\" id=\"ti_187\" style=\"left:606px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tj_187\" style=\"left:609px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tk_187\" style=\"left:611px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tl_187\" style=\"left:613px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tm_187\" style=\"left:659px;bottom:678px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s5_187\" id=\"tn_187\" style=\"left:695px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"to_187\" style=\"left:698px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tp_187\" style=\"left:700px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tq_187\" style=\"left:733px;bottom:678px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"tr_187\" style=\"left:780px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"ts_187\" style=\"left:782px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tt_187\" style=\"left:784px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tu_187\" style=\"left:787px;bottom:678px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"tv_187\" style=\"left:820px;bottom:678px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"tw_187\" style=\"left:866px;bottom:678px;display:inline;\">\u00a0</div>\n<div class=\"t s6_187\" id=\"tx_187\" style=\"left:69px;bottom:658px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Cost and net book value </div><div class=\"t s7_187\" id=\"ty_187\" style=\"left:763px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"tz_187\" style=\"left:766px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"t10_187\" style=\"left:850px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s7_187\" id=\"t11_187\" style=\"left:853px;bottom:658px;display:inline;\">\u00a0</div>\n<div class=\"t s7_187\" id=\"t12_187\" style=\"left:65px;bottom:640px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s8_187\" id=\"t13_187\" style=\"left:738px;bottom:640px;letter-spacing:0.01px;display:inline;\">2,989 </div><div class=\"t s7_187\" id=\"t14_187\" style=\"left:829px;bottom:640px;letter-spacing:-0.4px;display:inline;\">2,928 </div>\n<div class=\"t s7_187\" id=\"t15_187\" style=\"left:65px;bottom:622px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s8_187\" id=\"t16_187\" style=\"left:754px;bottom:622px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s7_187\" id=\"t17_187\" style=\"left:842px;bottom:622px;letter-spacing:-0.04px;display:inline;\">(35) </div>\n<div class=\"t s7_187\" id=\"t18_187\" style=\"left:65px;bottom:603px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t s7_187\" id=\"t19_187\" style=\"left:673px;bottom:603px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t s8_187\" id=\"t1a_187\" style=\"left:758px;bottom:603px;letter-spacing:0.04px;display:inline;\">84 </div><div class=\"t s7_187\" id=\"t1b_187\" style=\"left:846px;bottom:603px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t s7_187\" id=\"t1c_187\" style=\"left:65px;bottom:585px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s8_187\" id=\"t1d_187\" style=\"left:739px;bottom:585px;letter-spacing:-0.21px;display:inline;\">3,031 </div><div class=\"t s7_187\" id=\"t1e_187\" style=\"left:828px;bottom:585px;letter-spacing:-0.18px;display:inline;\">2,989 </div>\n<div class=\"t s7_187\" id=\"t1f_187\" style=\"left:65px;bottom:556px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Management has identi\ufb01ed four CGUs in applying the provisions of IAS 36 </div><div class=\"t s9_187\" id=\"t1g_187\" style=\"left:498px;bottom:556px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Impairment of Assets</div><div class=\"t s7_187\" id=\"t1h_187\" style=\"left:618px;bottom:556px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">: Orthopaedics, Sports Medicine &amp; ENT, </div>\n<div class=\"t s7_187\" id=\"t1i_187\" style=\"left:65px;bottom:541px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Advanced Wound Care &amp; Devices and Bioactives. </div>\n<div class=\"t s7_187\" id=\"t1j_187\" style=\"left:65px;bottom:517px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">For the purpose of goodwill impairment testing, the Advanced Wound Care &amp; Devices and Bioactives CGUs have been aggregated </div>\n<div class=\"t s7_187\" id=\"t1k_187\" style=\"left:65px;bottom:501px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">(Advanced Wound Management), as this is the level at which goodwill is monitored and level at which the economic bene\ufb01ts relating </div>\n<div class=\"t s7_187\" id=\"t1l_187\" style=\"left:65px;bottom:486px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to\u00a0the goodwill within these CGUs is realised. </div>\n<div class=\"t s7_187\" id=\"t1m_187\" style=\"left:65px;bottom:462px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Goodwill is allocated to the Group\u2019s CGUs as follows: </div>\n<div class=\"t s5_187\" id=\"t1n_187\" style=\"left:748px;bottom:440px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s5_187\" id=\"t1o_187\" style=\"left:835px;bottom:440px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s5_187\" id=\"t1p_187\" style=\"left:693px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1q_187\" style=\"left:695px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1r_187\" style=\"left:698px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1s_187\" style=\"left:700px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1t_187\" style=\"left:733px;bottom:428px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"t1u_187\" style=\"left:780px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1v_187\" style=\"left:782px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1w_187\" style=\"left:784px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1x_187\" style=\"left:787px;bottom:428px;display:inline;\">\u00a0</div><div class=\"t s5_187\" id=\"t1y_187\" style=\"left:820px;bottom:428px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_187\" id=\"t1z_187\" style=\"left:866px;bottom:428px;display:inline;\">\u00a0</div>\n<div class=\"t s7_187\" id=\"t20_187\" style=\"left:65px;bottom:408px;letter-spacing:0.23px;display:inline;\">Orthopaedics\u00a0</div><div class=\"t s7_187\" id=\"t21_187\" style=\"left:148px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t s8_187\" id=\"t22_187\" style=\"left:750px;bottom:408px;letter-spacing:-0.25px;display:inline;\">953 </div><div class=\"t s7_187\" id=\"t23_187\" style=\"left:839px;bottom:408px;letter-spacing:-0.4px;display:inline;\">897 </div>\n<div class=\"t s7_187\" id=\"t24_187\" style=\"left:65px;bottom:390px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Sports Medicine &amp; ENT </div><div class=\"t s8_187\" id=\"t25_187\" style=\"left:738px;bottom:390px;letter-spacing:-0.07px;display:inline;\">1,455 </div><div class=\"t s7_187\" id=\"t26_187\" style=\"left:828px;bottom:390px;letter-spacing:-0.25px;display:inline;\">1,457 </div>\n<div class=\"t s7_187\" id=\"t27_187\" style=\"left:65px;bottom:371px;letter-spacing:0.18px;word-spacing:-0.1px;display:inline;\">Advanced Wound Management </div><div class=\"t s8_187\" id=\"t28_187\" style=\"left:750px;bottom:371px;letter-spacing:-0.35px;display:inline;\">623 </div><div class=\"t s7_187\" id=\"t29_187\" style=\"left:838px;bottom:371px;letter-spacing:-0.21px;display:inline;\">635 </div>\n<div class=\"t s8_187\" id=\"t2a_187\" style=\"left:739px;bottom:353px;letter-spacing:-0.21px;display:inline;\">3,031 </div><div class=\"t s7_187\" id=\"t2b_187\" style=\"left:828px;bottom:353px;letter-spacing:-0.18px;display:inline;\">2,989 </div>\n<div class=\"t s7_187\" id=\"t2c_187\" style=\"left:65px;bottom:324px;letter-spacing:0.03px;word-spacing:-0.06px;display:inline;\">Impairment reviews were performed as of September 2022 and September 2021 by comparing the recoverable amount of each CGU </div>\n<div class=\"t s7_187\" id=\"t2d_187\" style=\"left:65px;bottom:309px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with\u00a0its carrying amount, including goodwill. These were updated during December, taking into account any signi\ufb01cant events that </div>\n<div class=\"t s7_187\" id=\"t2e_187\" style=\"left:65px;bottom:293px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">occurred between September and December. </div>\n<div class=\"t s7_187\" id=\"t2f_187\" style=\"left:65px;bottom:269px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The current challenging economic environment, including in\ufb02ation, was considered in the goodwill impairment reviews and recoverable </div>\n<div class=\"t s7_187\" id=\"t2g_187\" style=\"left:65px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">amounts were based on cash \ufb02ow projections using the Group\u2019s base case scenario in its going concern models. Additionally, severe </div>\n<div class=\"t s7_187\" id=\"t2h_187\" style=\"left:65px;bottom:239px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">downside sensitivity analyses have been undertaken on the base case scenario. Although the headroom for the Orthopaedics CGU has </div>\n<div class=\"t s7_187\" id=\"t2i_187\" style=\"left:65px;bottom:224px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">decreased and is sensitive to a reasonably possible change in assumptions, no impairment was identi\ufb01ed as a result of the impairment </div>\n<div class=\"t s7_187\" id=\"t2j_187\" style=\"left:65px;bottom:208px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">reviews and\u00a0sensitivity analyses undertaken. </div>\n<div class=\"t sa_187\" id=\"t2k_187\" style=\"left:830px;bottom:11px;letter-spacing:-0.86px;display:inline;\">185 </div><div class=\"t sb_187\" id=\"t2l_187\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_187\" id=\"t2m_187\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sd_187\" id=\"t2n_187\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sd_187\" id=\"t2o_187\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t se_187\" id=\"t2p_187\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sd_187\" id=\"t2q_187\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_188\" id=\"t1_188\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_188\" id=\"t2_188\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_188\" id=\"t3_188\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_188\" id=\"t4_188\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_188\" id=\"t5_188\" style=\"left:43px;bottom:956px;display:inline;\">8 </div><div class=\"t s6_188\" id=\"t6_188\" style=\"left:56px;bottom:956px;display:inline;\">Goodwill </div><div class=\"t s7_188\" id=\"t7_188\" style=\"left:120px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_188\" id=\"t8_188\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">For each CGU, the recoverable amounts are based on value-in-use which is calculated from pre-tax cash \ufb02ow projections for </div>\n<div class=\"t s8_188\" id=\"t9_188\" style=\"left:43px;bottom:924px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">three\u00a0years\u00a0using data from the Group\u2019s budget and strategic planning process, the results of which are reviewed and approved by </div>\n<div class=\"t s8_188\" id=\"ta_188\" style=\"left:43px;bottom:909px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the Board. These projections were extrapolated for a further two years to re\ufb02ect expected growth in the CGUs above the terminal </div>\n<div class=\"t s8_188\" id=\"tb_188\" style=\"left:43px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">growth rate which is based on long term GDP growth. The initial three-year period is in line with the Group\u2019s strategic planning </div>\n<div class=\"t s8_188\" id=\"tc_188\" style=\"left:43px;bottom:878px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">process. In determining the growth rates used in the calculations of the value-in-use, management considered annual revenue growth. </div>\n<div class=\"t s8_188\" id=\"td_188\" style=\"left:43px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Projections are based on anticipated volume and value growth in the markets served by the Group and assumptions as to market </div>\n<div class=\"t s8_188\" id=\"te_188\" style=\"left:43px;bottom:847px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">share movements. Each year the projections for the previous year are compared to actual results and variances are factored into </div>\n<div class=\"t s8_188\" id=\"tf_188\" style=\"left:43px;bottom:832px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">the\u00a0assumptions used in the current year. </div>\n<div class=\"t s8_188\" id=\"tg_188\" style=\"left:43px;bottom:808px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The discount rates used in the value-in-use calculations re\ufb02ect management\u2019s assessment of risks speci\ufb01c to the assets of each CGU. </div>\n<div class=\"t s8_188\" id=\"th_188\" style=\"left:43px;bottom:793px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The discount rates are calculated using the weighted average cost of capital which includes a risk-free rate, based on government </div>\n<div class=\"t s8_188\" id=\"ti_188\" style=\"left:43px;bottom:778px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">bond\u00a0yields, and an equity risk premium speci\ufb01cally adjusted to the medical technology industry. </div>\n<div class=\"t s9_188\" id=\"tj_188\" style=\"left:43px;bottom:753px;letter-spacing:-0.28px;display:inline;\">8.1 </div><div class=\"t sa_188\" id=\"tk_188\" style=\"left:66px;bottom:753px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">Orthopaedics CGU </div>\n<div class=\"t s8_188\" id=\"tl_188\" style=\"left:43px;bottom:736px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The cash \ufb02ows used in the value-in-use calculation for the Orthopaedics CGU, which includes the Reconstruction and Trauma </div>\n<div class=\"t s8_188\" id=\"tm_188\" style=\"left:43px;bottom:720px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">businesses, re\ufb02ects management\u2019s distinctive orthopaedic reconstruction strategy, which combines cutting-edge innovation, </div>\n<div class=\"t s8_188\" id=\"tn_188\" style=\"left:43px;bottom:705px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">disruptive\u00a0business models and a strong Emerging Markets platform to drive our performance. </div>\n<div class=\"t s8_188\" id=\"to_188\" style=\"left:43px;bottom:681px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The headroom for the Orthopaedics CGU has decreased from $1.1bn in the prior year to $0.6bn in the current year, primarily due to </div>\n<div class=\"t s8_188\" id=\"tp_188\" style=\"left:43px;bottom:666px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">higher input in\ufb02ation and supply chain challenges. Revenue is expected to grow above market growth rates due to new product launches </div>\n<div class=\"t s8_188\" id=\"tq_188\" style=\"left:43px;bottom:651px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">and improved commercial execution. The trading pro\ufb01t margin is expected to grow over the \ufb01ve-year period as a result of revenue </div>\n<div class=\"t s8_188\" id=\"tr_188\" style=\"left:43px;bottom:635px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">growth as well as productivity and e\ufb03ciency improvements related to the 12-point plan. The average growth rate used to extrapolate </div>\n<div class=\"t s8_188\" id=\"ts_188\" style=\"left:43px;bottom:620px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in calculating the terminal value is 2.0% (2021: 2.0%). The pre-tax </div>\n<div class=\"t s8_188\" id=\"tt_188\" style=\"left:43px;bottom:605px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">discount rate used in the Orthopaedics CGU value-in-use calculation re\ufb02ects the geographical mix and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"tu_188\" style=\"left:43px;bottom:580px;letter-spacing:-0.12px;display:inline;\">8.2 </div><div class=\"t sa_188\" id=\"tv_188\" style=\"left:66px;bottom:580px;letter-spacing:-0.16px;word-spacing:-0.11px;display:inline;\">Sports Medicine &amp; ENT CGU </div>\n<div class=\"t s8_188\" id=\"tw_188\" style=\"left:43px;bottom:563px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The value-in-use calculation for the Sports Medicine &amp; ENT CGU re\ufb02ects growth rates and cash \ufb02ows consistent with management\u2019s </div>\n<div class=\"t s8_188\" id=\"tx_188\" style=\"left:43px;bottom:548px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">strategy to rebalance Smith+Nephew towards higher growth areas such as Sports Medicine. </div>\n<div class=\"t s8_188\" id=\"ty_188\" style=\"left:43px;bottom:524px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The weighted average growth rate used to extrapolate the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in </div>\n<div class=\"t s8_188\" id=\"tz_188\" style=\"left:43px;bottom:508px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">calculating the terminal value is 2.0% (2021: 2.0%). The pre-tax discount rate used in the Sports Medicine &amp; ENT CGU value-in-use </div>\n<div class=\"t s8_188\" id=\"t10_188\" style=\"left:43px;bottom:493px;letter-spacing:0.02px;display:inline;\">calculation re\ufb02ects the geographical mix of the revenues and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"t11_188\" style=\"left:43px;bottom:468px;letter-spacing:-0.05px;display:inline;\">8.3 </div><div class=\"t sa_188\" id=\"t12_188\" style=\"left:67px;bottom:468px;letter-spacing:-0.2px;word-spacing:-0.07px;display:inline;\">Advanced Wound Management CGU </div>\n<div class=\"t s8_188\" id=\"t13_188\" style=\"left:43px;bottom:451px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">The aggregated Advanced Wound Management CGU comprises the Advanced Wound Care &amp; Devices and Bioactives CGUs. </div>\n<div class=\"t s8_188\" id=\"t14_188\" style=\"left:43px;bottom:427px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">In performing the value-in-use calculation for this combined CGU, management considered the Group\u2019s focus across the wound product </div>\n<div class=\"t s8_188\" id=\"t15_188\" style=\"left:43px;bottom:412px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">franchises, focusing on widening access to the customer, the higher added value sectors of healing chronic wounds and tissue repair </div>\n<div class=\"t s8_188\" id=\"t16_188\" style=\"left:43px;bottom:397px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">using bioactives, and by continuing to improve e\ufb03ciency. </div>\n<div class=\"t s8_188\" id=\"t17_188\" style=\"left:43px;bottom:373px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The weighted average growth rate used to extrapolate the cash \ufb02ows beyond the \ufb01ve-year period (2021: three-year period) in </div>\n<div class=\"t s8_188\" id=\"t18_188\" style=\"left:43px;bottom:357px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">calculating the terminal value is 2.0.% (2021: 2.0%). The pre tax discount rate used in the Advanced Wound Management CGU </div>\n<div class=\"t s8_188\" id=\"t19_188\" style=\"left:43px;bottom:342px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">value-in-use calculation re\ufb02ects the geographical mix and industry sector and is 10.1% (2021: 9.5%). </div>\n<div class=\"t s9_188\" id=\"t1a_188\" style=\"left:43px;bottom:317px;letter-spacing:-0.19px;display:inline;\">8.4 </div><div class=\"t sa_188\" id=\"t1b_188\" style=\"left:66px;bottom:317px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Sensitivity to changes in assumptions used in value-in-use calculations </div>\n<div class=\"t s8_188\" id=\"t1c_188\" style=\"left:43px;bottom:300px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Management have performed a sensitivity analysis of the value-in-use calculations for the identi\ufb01ed CGUs and there was no impact </div>\n<div class=\"t s8_188\" id=\"t1d_188\" style=\"left:43px;bottom:285px;letter-spacing:0.07px;word-spacing:-0.1px;display:inline;\">on\u00a0the reported amounts of goodwill as a result of this review for the Sports Medicine &amp; ENT and Advanced Wound Management CGUs. </div>\n<div class=\"t s8_188\" id=\"t1e_188\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The calculation of value-in-use for the Orthopaedics CGU is sensitive to reasonably possible changes in assumptions. Management\u2019s </div>\n<div class=\"t s8_188\" id=\"t1f_188\" style=\"left:43px;bottom:254px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">consideration of these sensitivities is set out below: </div>\n<div class=\"t sb_188\" id=\"t1g_188\" style=\"left:43px;bottom:230px;letter-spacing:0.12px;word-spacing:-0.06px;display:inline;\">Revenue and </div><div class=\"t sb_188\" id=\"t1h_188\" style=\"left:123px;bottom:230px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">trading pro\ufb01t margin </div><div class=\"t s8_188\" id=\"t1i_188\" style=\"left:249px;bottom:230px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">\u2013 management has considered the impact of a decrease in the trading pro\ufb01t margin. This sensitivity </div>\n<div class=\"t s8_188\" id=\"t1j_188\" style=\"left:43px;bottom:215px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">analysis shows\u00a0that for the recoverable amount of the Orthopaedics CGU to be less than its carrying value, the trading pro\ufb01t margin </div>\nwould have\u00a0to decrease by more than 330 basis points. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23157": {
   "value": "Accounting policy <div class=\"t s4_187\" id=\"t4_187\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Goodwill is not amortised but is reviewed for impairment annually. Goodwill is allocated to the cash-generating unit (CGU) that is </div>\n<div class=\"t s4_187\" id=\"t5_187\" style=\"left:74px;bottom:896px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">expected to bene\ufb01t from the acquisition. The goodwill is tested annually for impairment by comparing the recoverable amount to </div>\n<div class=\"t s4_187\" id=\"t6_187\" style=\"left:74px;bottom:881px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">the\u00a0carrying value of the CGUs. The CGUs identi\ufb01ed by management are at the aggregated product franchise levels of Orthopaedics, </div>\n<div class=\"t s4_187\" id=\"t7_187\" style=\"left:74px;bottom:866px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Sports Medicine &amp; ENT and Advanced Wound Management, in the way the core assets are used to generate cash \ufb02ows. </div>\n<div class=\"t s4_187\" id=\"t8_187\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the recoverable amount of the CGU is less than its carrying amount then an impairment loss is determined to have occurred. </div>\n<div class=\"t s4_187\" id=\"t9_187\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Any impairment losses that arise are recognised immediately in the income statement and are allocated \ufb01rst to reduce the </div>\n<div class=\"t s4_187\" id=\"ta_187\" style=\"left:74px;bottom:811px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">carrying\u00a0amount of goodwill and then to the carrying amounts of the other assets of the CGU. </div>\n<div class=\"t s4_187\" id=\"tb_187\" style=\"left:74px;bottom:787px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of goodwill, a number of signi\ufb01cant assumptions have to be made when preparing cash \ufb02ow </div>\n<div class=\"t s4_187\" id=\"tc_187\" style=\"left:74px;bottom:772px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, the </div>\n<div class=\"t s4_187\" id=\"td_187\" style=\"left:74px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s4_187\" id=\"te_187\" style=\"left:74px;bottom:741px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or changes in expectations arise, impairment charges may be required which would adversely </div>\nimpact\u00a0operating results.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23336": {
   "value": "9 <div class=\"t s2_189\" id=\"t2_189\" style=\"left:78px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Intangible assets </div>\n<div class=\"t s3_189\" id=\"t3_189\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_189\" id=\"t4_189\" style=\"left:74px;bottom:911px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible assets </div>\n<div class=\"t s5_189\" id=\"t5_189\" style=\"left:74px;bottom:893px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Intangible assets acquired separately from a business combination (including purchased patents, know-how, trademarks, licences </div>\n<div class=\"t s5_189\" id=\"t6_189\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0distribution rights) are initially measured at cost. The cost of intangible assets acquired in a material business combination </div>\n<div class=\"t s5_189\" id=\"t7_189\" style=\"left:74px;bottom:863px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">(referred to as acquisition intangibles) is the fair value as at the date of acquisition. Following initial recognition, intangible assets are </div>\n<div class=\"t s5_189\" id=\"t8_189\" style=\"left:74px;bottom:848px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">carried at cost less any\u00a0accumulated amortisation and any accumulated impairment losses. All intangible assets are amortised on a </div>\n<div class=\"t s5_189\" id=\"t9_189\" style=\"left:74px;bottom:832px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">straight-line basis over their estimated useful economic lives. The estimated useful economic life of so\ufb05ware ranges between three </div>\n<div class=\"t s5_189\" id=\"ta_189\" style=\"left:74px;bottom:817px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and seven years. The estimated useful economic life of technology assets ranges between 6\u201320 years, product-related assets ranges </div>\n<div class=\"t s5_189\" id=\"tb_189\" style=\"left:74px;bottom:802px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">between 2\u201320 years, and customer and distribution assets ranges between 2\u201314 years. Internally-generated intangible assets are </div>\n<div class=\"t s5_189\" id=\"tc_189\" style=\"left:74px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">expensed in the income statement as incurred. Purchased computer so\ufb05ware and certain costs of information technology projects </div>\n<div class=\"t s5_189\" id=\"td_189\" style=\"left:74px;bottom:771px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">are capitalised as intangible assets. So\ufb05ware that is integral to computer hardware is capitalised as plant and equipment. </div>\n<div class=\"t s4_189\" id=\"te_189\" style=\"left:74px;bottom:747px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Impairment of intangible assets </div>\n<div class=\"t s5_189\" id=\"tf_189\" style=\"left:74px;bottom:729px;word-spacing:-0.11px;display:inline;\">The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying </div>\n<div class=\"t s5_189\" id=\"tg_189\" style=\"left:74px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the </div>\n<div class=\"t s5_189\" id=\"th_189\" style=\"left:74px;bottom:699px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the </div>\n<div class=\"t s5_189\" id=\"ti_189\" style=\"left:74px;bottom:683px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">recoverable amount of the CGU to which it belongs. An asset\u2019s recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less </div>\n<div class=\"t s5_189\" id=\"tj_189\" style=\"left:74px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">costs to sell and its value-in-use. In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using </div>\n<div class=\"t s5_189\" id=\"tk_189\" style=\"left:74px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">a\u00a0pre-tax discount rate that re\ufb02ects the current market assessments of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s5_189\" id=\"tl_189\" style=\"left:74px;bottom:629px;letter-spacing:0.08px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets, a number of signi\ufb01cant assumptions have to be made when preparing cash </div>\n<div class=\"t s5_189\" id=\"tm_189\" style=\"left:74px;bottom:614px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02ow\u00a0projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, </div>\n<div class=\"t s5_189\" id=\"tn_189\" style=\"left:74px;bottom:598px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s5_189\" id=\"to_189\" style=\"left:74px;bottom:583px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or\u00a0changes in expectations should arise, impairment charges may be required which would adversely </div>\n<div class=\"t s5_189\" id=\"tp_189\" style=\"left:74px;bottom:568px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">impact operating results. </div>\n<div class=\"t s6_189\" id=\"tq_189\" style=\"left:830px;bottom:11px;letter-spacing:-1.06px;display:inline;\">187 </div><div class=\"t s7_189\" id=\"tr_189\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_189\" id=\"ts_189\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_189\" id=\"tt_189\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_189\" id=\"tu_189\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_189\" id=\"tv_189\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_189\" id=\"tw_189\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_190\" id=\"t1_190\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_190\" id=\"t2_190\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_190\" id=\"t3_190\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_190\" id=\"t4_190\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_190\" id=\"t5_190\" style=\"left:43px;bottom:956px;display:inline;\">9 </div><div class=\"t s6_190\" id=\"t6_190\" style=\"left:56px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">Intangible assets </div><div class=\"t s7_190\" id=\"t7_190\" style=\"left:176px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_190\" id=\"t8_190\" style=\"left:511px;bottom:941px;letter-spacing:-0.11px;word-spacing:-0.16px;display:inline;\">Customer\u00a0and </div><div class=\"t s8_190\" id=\"t9_190\" style=\"left:720px;bottom:941px;letter-spacing:-0.04px;display:inline;\">Assets </div>\n<div class=\"t s8_190\" id=\"ta_190\" style=\"left:450px;bottom:929px;letter-spacing:-0.12px;display:inline;\">Product- </div><div class=\"t s8_190\" id=\"tb_190\" style=\"left:518px;bottom:929px;letter-spacing:-0.06px;display:inline;\">distribution- </div><div class=\"t s8_190\" id=\"tc_190\" style=\"left:697px;bottom:929px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">in course of </div>\n<div class=\"t s8_190\" id=\"td_190\" style=\"left:351px;bottom:916px;letter-spacing:-0.16px;display:inline;\">Technology </div><div class=\"t s8_190\" id=\"te_190\" style=\"left:458px;bottom:916px;letter-spacing:-0.1px;display:inline;\">related </div><div class=\"t s8_190\" id=\"tf_190\" style=\"left:545px;bottom:916px;letter-spacing:-0.1px;display:inline;\">related </div><div class=\"t s8_190\" id=\"tg_190\" style=\"left:621px;bottom:916px;letter-spacing:-0.09px;display:inline;\">So\ufb05ware </div><div class=\"t s8_190\" id=\"th_190\" style=\"left:690px;bottom:916px;letter-spacing:-0.06px;display:inline;\">construction </div><div class=\"t s8_190\" id=\"ti_190\" style=\"left:815px;bottom:916px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s8_190\" id=\"tj_190\" style=\"left:291px;bottom:904px;letter-spacing:-0.11px;display:inline;\">Notes\u00a0</div><div class=\"t s8_190\" id=\"tk_190\" style=\"left:327px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tl_190\" style=\"left:329px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tm_190\" style=\"left:332px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tn_190\" style=\"left:365px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"to_190\" style=\"left:411px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tp_190\" style=\"left:414px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tq_190\" style=\"left:416px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tr_190\" style=\"left:418px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"ts_190\" style=\"left:452px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"tt_190\" style=\"left:498px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tu_190\" style=\"left:500px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tv_190\" style=\"left:503px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tw_190\" style=\"left:505px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tx_190\" style=\"left:538px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"ty_190\" style=\"left:585px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"tz_190\" style=\"left:587px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t10_190\" style=\"left:589px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t11_190\" style=\"left:592px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t12_190\" style=\"left:625px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t13_190\" style=\"left:671px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t14_190\" style=\"left:674px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t15_190\" style=\"left:676px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t16_190\" style=\"left:678px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t17_190\" style=\"left:711px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t18_190\" style=\"left:758px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t19_190\" style=\"left:760px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1a_190\" style=\"left:763px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1b_190\" style=\"left:765px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t1c_190\" style=\"left:798px;bottom:904px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s8_190\" id=\"t1d_190\" style=\"left:844px;bottom:904px;display:inline;\">\u00a0</div>\n<div class=\"t s9_190\" id=\"t1e_190\" style=\"left:48px;bottom:885px;letter-spacing:0.21px;display:inline;\">Cost </div>\n<div class=\"t sa_190\" id=\"t1f_190\" style=\"left:43px;bottom:866px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_190\" id=\"t1g_190\" style=\"left:384px;bottom:866px;letter-spacing:-0.24px;display:inline;\">495 </div><div class=\"t sa_190\" id=\"t1h_190\" style=\"left:460px;bottom:866px;letter-spacing:-0.12px;display:inline;\">2,236 </div><div class=\"t sa_190\" id=\"t1i_190\" style=\"left:557px;bottom:866px;letter-spacing:-0.42px;display:inline;\">226 </div><div class=\"t sa_190\" id=\"t1j_190\" style=\"left:644px;bottom:866px;letter-spacing:-0.34px;display:inline;\">477 </div><div class=\"t sa_190\" id=\"t1k_190\" style=\"left:738px;bottom:866px;letter-spacing:-0.09px;display:inline;\">54 </div><div class=\"t sa_190\" id=\"t1l_190\" style=\"left:806px;bottom:866px;letter-spacing:0.04px;display:inline;\">3,488 </div>\n<div class=\"t sa_190\" id=\"t1m_190\" style=\"left:43px;bottom:848px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_190\" id=\"t1n_190\" style=\"left:395px;bottom:848px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t sa_190\" id=\"t1o_190\" style=\"left:474px;bottom:848px;letter-spacing:-0.06px;display:inline;\">(26) </div><div class=\"t sa_190\" id=\"t1p_190\" style=\"left:568px;bottom:848px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t sa_190\" id=\"t1q_190\" style=\"left:654px;bottom:848px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_190\" id=\"t1r_190\" style=\"left:742px;bottom:848px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sa_190\" id=\"t1s_190\" style=\"left:821px;bottom:848px;letter-spacing:-0.4px;display:inline;\">(49) </div>\n<div class=\"t sa_190\" id=\"t1t_190\" style=\"left:43px;bottom:829px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_190\" id=\"t1u_190\" style=\"left:384px;bottom:829px;letter-spacing:-0.6px;display:inline;\">101 </div><div class=\"t sa_190\" id=\"t1v_190\" style=\"left:485px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1w_190\" style=\"left:565px;bottom:829px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t sa_190\" id=\"t1x_190\" style=\"left:658px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1y_190\" style=\"left:745px;bottom:829px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t1z_190\" style=\"left:817px;bottom:829px;letter-spacing:-0.43px;display:inline;\">112 </div>\n<div class=\"t sa_190\" id=\"t20_190\" style=\"left:43px;bottom:811px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sa_190\" id=\"t21_190\" style=\"left:399px;bottom:811px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t22_190\" style=\"left:486px;bottom:811px;display:inline;\">1 </div><div class=\"t sa_190\" id=\"t23_190\" style=\"left:572px;bottom:811px;display:inline;\">4 </div><div class=\"t sa_190\" id=\"t24_190\" style=\"left:652px;bottom:811px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t sa_190\" id=\"t25_190\" style=\"left:738px;bottom:811px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_190\" id=\"t26_190\" style=\"left:824px;bottom:811px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t sa_190\" id=\"t27_190\" style=\"left:43px;bottom:793px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_190\" id=\"t28_190\" style=\"left:399px;bottom:793px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t29_190\" style=\"left:482px;bottom:793px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_190\" id=\"t2a_190\" style=\"left:569px;bottom:793px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t2b_190\" style=\"left:648px;bottom:793px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t sa_190\" id=\"t2c_190\" style=\"left:745px;bottom:793px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2d_190\" style=\"left:821px;bottom:793px;letter-spacing:-0.17px;display:inline;\">(22) </div>\n<div class=\"t sa_190\" id=\"t2e_190\" style=\"left:43px;bottom:774px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_190\" id=\"t2f_190\" style=\"left:399px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2g_190\" style=\"left:482px;bottom:774px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t2h_190\" style=\"left:572px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2i_190\" style=\"left:658px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2j_190\" style=\"left:745px;bottom:774px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2k_190\" style=\"left:829px;bottom:774px;letter-spacing:-0.38px;display:inline;\">(4) </div>\n<div class=\"t sa_190\" id=\"t2l_190\" style=\"left:43px;bottom:756px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sa_190\" id=\"t2m_190\" style=\"left:399px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2n_190\" style=\"left:485px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2o_190\" style=\"left:572px;bottom:756px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t2p_190\" style=\"left:652px;bottom:756px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t sa_190\" id=\"t2q_190\" style=\"left:742px;bottom:756px;letter-spacing:-0.15px;display:inline;\">(8) </div><div class=\"t sa_190\" id=\"t2r_190\" style=\"left:832px;bottom:756px;display:inline;\">3 </div>\n<div class=\"t s9_190\" id=\"t2s_190\" style=\"left:43px;bottom:737px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t2t_190\" style=\"left:383px;bottom:737px;letter-spacing:-0.03px;display:inline;\">588 </div><div class=\"t sa_190\" id=\"t2u_190\" style=\"left:460px;bottom:737px;letter-spacing:-0.11px;display:inline;\">2,206 </div><div class=\"t sa_190\" id=\"t2v_190\" style=\"left:557px;bottom:737px;letter-spacing:-0.42px;display:inline;\">231 </div><div class=\"t sa_190\" id=\"t2w_190\" style=\"left:644px;bottom:737px;letter-spacing:-0.47px;display:inline;\">491 </div><div class=\"t sa_190\" id=\"t2x_190\" style=\"left:738px;bottom:737px;letter-spacing:0.03px;display:inline;\">68 </div><div class=\"t sa_190\" id=\"t2y_190\" style=\"left:806px;bottom:737px;letter-spacing:0.05px;display:inline;\">3,584 </div>\n<div class=\"t sa_190\" id=\"t2z_190\" style=\"left:43px;bottom:719px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_190\" id=\"t30_190\" style=\"left:394px;bottom:719px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sb_190\" id=\"t31_190\" style=\"left:473px;bottom:719px;letter-spacing:-0.45px;display:inline;\">(21) </div><div class=\"t sb_190\" id=\"t32_190\" style=\"left:567px;bottom:719px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t33_190\" style=\"left:645px;bottom:719px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t sb_190\" id=\"t34_190\" style=\"left:740px;bottom:719px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t35_190\" style=\"left:819px;bottom:719px;letter-spacing:-0.34px;display:inline;\">(45) </div>\n<div class=\"t sa_190\" id=\"t36_190\" style=\"left:43px;bottom:700px;letter-spacing:0.11px;display:inline;\">Acquisitions </div><div class=\"t sa_190\" id=\"t37_190\" style=\"left:305px;bottom:700px;letter-spacing:-0.52px;display:inline;\">21 </div><div class=\"t sb_190\" id=\"t38_190\" style=\"left:399px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t39_190\" style=\"left:476px;bottom:700px;letter-spacing:0.08px;display:inline;\">44 </div><div class=\"t sb_190\" id=\"t3a_190\" style=\"left:572px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3b_190\" style=\"left:659px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3c_190\" style=\"left:746px;bottom:700px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3d_190\" style=\"left:823px;bottom:700px;letter-spacing:0.08px;display:inline;\">44 </div>\n<div class=\"t sa_190\" id=\"t3e_190\" style=\"left:43px;bottom:682px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t sb_190\" id=\"t3f_190\" style=\"left:399px;bottom:682px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3g_190\" style=\"left:485px;bottom:682px;display:inline;\">3 </div><div class=\"t sb_190\" id=\"t3h_190\" style=\"left:572px;bottom:682px;display:inline;\">7 </div><div class=\"t sb_190\" id=\"t3i_190\" style=\"left:650px;bottom:682px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_190\" id=\"t3j_190\" style=\"left:737px;bottom:682px;letter-spacing:-0.27px;display:inline;\">35 </div><div class=\"t sb_190\" id=\"t3k_190\" style=\"left:823px;bottom:682px;letter-spacing:-0.23px;display:inline;\">77 </div>\n<div class=\"t sa_190\" id=\"t3l_190\" style=\"left:43px;bottom:663px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_190\" id=\"t3m_190\" style=\"left:399px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3n_190\" style=\"left:486px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3o_190\" style=\"left:567px;bottom:663px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_190\" id=\"t3p_190\" style=\"left:653px;bottom:663px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sb_190\" id=\"t3q_190\" style=\"left:746px;bottom:663px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3r_190\" style=\"left:827px;bottom:663px;letter-spacing:-0.22px;display:inline;\">(6) </div>\n<div class=\"t sa_190\" id=\"t3s_190\" style=\"left:43px;bottom:645px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_190\" id=\"t3t_190\" style=\"left:399px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3u_190\" style=\"left:486px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3v_190\" style=\"left:572px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3w_190\" style=\"left:659px;bottom:645px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t3x_190\" style=\"left:741px;bottom:645px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sb_190\" id=\"t3y_190\" style=\"left:827px;bottom:645px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t sa_190\" id=\"t3z_190\" style=\"left:43px;bottom:627px;letter-spacing:0.07px;display:inline;\">Transfers </div><div class=\"t sb_190\" id=\"t40_190\" style=\"left:399px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t41_190\" style=\"left:486px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t42_190\" style=\"left:572px;bottom:627px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t43_190\" style=\"left:658px;bottom:627px;display:inline;\">4 </div><div class=\"t sb_190\" id=\"t44_190\" style=\"left:740px;bottom:627px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sb_190\" id=\"t45_190\" style=\"left:832px;bottom:627px;display:inline;\">\u2013 </div>\n<div class=\"t s9_190\" id=\"t46_190\" style=\"left:43px;bottom:608px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t47_190\" style=\"left:382px;bottom:608px;letter-spacing:-0.28px;display:inline;\">582 </div><div class=\"t sb_190\" id=\"t48_190\" style=\"left:457px;bottom:608px;letter-spacing:-0.09px;display:inline;\">2,232 </div><div class=\"t sb_190\" id=\"t49_190\" style=\"left:555px;bottom:608px;letter-spacing:-0.25px;display:inline;\">235 </div><div class=\"t sb_190\" id=\"t4a_190\" style=\"left:641px;bottom:608px;letter-spacing:-0.04px;display:inline;\">508 </div><div class=\"t sb_190\" id=\"t4b_190\" style=\"left:736px;bottom:608px;letter-spacing:-0.1px;display:inline;\">96 </div><div class=\"t sb_190\" id=\"t4c_190\" style=\"left:804px;bottom:608px;letter-spacing:-0.17px;display:inline;\">3,653 </div>\n<div class=\"t s9_190\" id=\"t4d_190\" style=\"left:48px;bottom:590px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Amortisation and impairment </div><div class=\"t sa_190\" id=\"t4e_190\" style=\"left:395px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t sa_190\" id=\"t4f_190\" style=\"left:398px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t sa_190\" id=\"t4g_190\" style=\"left:43px;bottom:571px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sa_190\" id=\"t4h_190\" style=\"left:385px;bottom:571px;letter-spacing:-0.69px;display:inline;\">142 </div><div class=\"t sa_190\" id=\"t4i_190\" style=\"left:460px;bottom:571px;letter-spacing:-0.15px;display:inline;\">1,373 </div><div class=\"t sa_190\" id=\"t4j_190\" style=\"left:557px;bottom:571px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t sa_190\" id=\"t4k_190\" style=\"left:644px;bottom:571px;letter-spacing:-0.41px;display:inline;\">361 </div><div class=\"t sa_190\" id=\"t4l_190\" style=\"left:745px;bottom:571px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t4m_190\" style=\"left:806px;bottom:571px;letter-spacing:-0.17px;display:inline;\">2,002 </div>\n<div class=\"t sa_190\" id=\"t4n_190\" style=\"left:43px;bottom:553px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sa_190\" id=\"t4o_190\" style=\"left:395px;bottom:553px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_190\" id=\"t4p_190\" style=\"left:474px;bottom:553px;letter-spacing:-0.11px;display:inline;\">(20) </div><div class=\"t sa_190\" id=\"t4q_190\" style=\"left:569px;bottom:553px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t sa_190\" id=\"t4r_190\" style=\"left:654px;bottom:553px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_190\" id=\"t4s_190\" style=\"left:745px;bottom:553px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t4t_190\" style=\"left:820px;bottom:553px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t sa_190\" id=\"t4u_190\" style=\"left:43px;bottom:534px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the year </div><div class=\"t sa_190\" id=\"t4v_190\" style=\"left:392px;bottom:534px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t sa_190\" id=\"t4w_190\" style=\"left:471px;bottom:534px;letter-spacing:-0.39px;display:inline;\">131 </div><div class=\"t sa_190\" id=\"t4x_190\" style=\"left:565px;bottom:534px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t sa_190\" id=\"t4y_190\" style=\"left:652px;bottom:534px;letter-spacing:-0.66px;display:inline;\">42 </div><div class=\"t sa_190\" id=\"t4z_190\" style=\"left:745px;bottom:534px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t50_190\" style=\"left:817px;bottom:534px;letter-spacing:-0.37px;display:inline;\">237 </div>\n<div class=\"t sa_190\" id=\"t51_190\" style=\"left:43px;bottom:516px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sa_190\" id=\"t52_190\" style=\"left:399px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t53_190\" style=\"left:482px;bottom:516px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sa_190\" id=\"t54_190\" style=\"left:572px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t55_190\" style=\"left:659px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t56_190\" style=\"left:745px;bottom:516px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t57_190\" style=\"left:828px;bottom:516px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t sa_190\" id=\"t58_190\" style=\"left:43px;bottom:498px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sa_190\" id=\"t59_190\" style=\"left:399px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5a_190\" style=\"left:485px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5b_190\" style=\"left:572px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5c_190\" style=\"left:648px;bottom:498px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t sa_190\" id=\"t5d_190\" style=\"left:745px;bottom:498px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5e_190\" style=\"left:821px;bottom:498px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s9_190\" id=\"t5f_190\" style=\"left:43px;bottom:479px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t5g_190\" style=\"left:384px;bottom:479px;letter-spacing:-0.17px;display:inline;\">180 </div><div class=\"t sa_190\" id=\"t5h_190\" style=\"left:460px;bottom:479px;letter-spacing:-0.13px;display:inline;\">1,482 </div><div class=\"t sa_190\" id=\"t5i_190\" style=\"left:557px;bottom:479px;letter-spacing:-0.5px;display:inline;\">145 </div><div class=\"t sa_190\" id=\"t5j_190\" style=\"left:644px;bottom:479px;letter-spacing:-0.4px;display:inline;\">379 </div><div class=\"t sa_190\" id=\"t5k_190\" style=\"left:745px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t sa_190\" id=\"t5l_190\" style=\"left:807px;bottom:479px;letter-spacing:-0.27px;display:inline;\">2,186 </div>\n<div class=\"t sa_190\" id=\"t5m_190\" style=\"left:43px;bottom:461px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_190\" id=\"t5n_190\" style=\"left:394px;bottom:461px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t5o_190\" style=\"left:472px;bottom:461px;letter-spacing:-0.35px;display:inline;\">(19) </div><div class=\"t sb_190\" id=\"t5p_190\" style=\"left:567px;bottom:461px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sb_190\" id=\"t5q_190\" style=\"left:653px;bottom:461px;letter-spacing:-0.23px;display:inline;\">(8) </div><div class=\"t sb_190\" id=\"t5r_190\" style=\"left:746px;bottom:461px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t5s_190\" style=\"left:819px;bottom:461px;letter-spacing:-0.44px;display:inline;\">(31) </div>\n<div class=\"t sa_190\" id=\"t5t_190\" style=\"left:43px;bottom:442px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Charge for the year </div><div class=\"t sb_190\" id=\"t5u_190\" style=\"left:390px;bottom:442px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t sb_190\" id=\"t5v_190\" style=\"left:469px;bottom:442px;letter-spacing:-0.34px;display:inline;\">123 </div><div class=\"t sb_190\" id=\"t5w_190\" style=\"left:564px;bottom:442px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sb_190\" id=\"t5x_190\" style=\"left:650px;bottom:442px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t sb_190\" id=\"t5y_190\" style=\"left:746px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t5z_190\" style=\"left:815px;bottom:442px;letter-spacing:-0.39px;display:inline;\">229 </div>\n<div class=\"t sa_190\" id=\"t60_190\" style=\"left:43px;bottom:424px;letter-spacing:0.2px;display:inline;\">Impairment </div><div class=\"t sb_190\" id=\"t61_190\" style=\"left:398px;bottom:424px;display:inline;\">4 </div><div class=\"t sb_190\" id=\"t62_190\" style=\"left:477px;bottom:424px;letter-spacing:-0.31px;display:inline;\">28 </div><div class=\"t sb_190\" id=\"t63_190\" style=\"left:572px;bottom:424px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t64_190\" style=\"left:658px;bottom:424px;display:inline;\">6 </div><div class=\"t sb_190\" id=\"t65_190\" style=\"left:746px;bottom:424px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t66_190\" style=\"left:823px;bottom:424px;letter-spacing:-0.11px;display:inline;\">38 </div>\n<div class=\"t sa_190\" id=\"t67_190\" style=\"left:43px;bottom:405px;letter-spacing:0.19px;display:inline;\">Disposals </div><div class=\"t sb_190\" id=\"t68_190\" style=\"left:399px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t69_190\" style=\"left:486px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6a_190\" style=\"left:572px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6b_190\" style=\"left:653px;bottom:405px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sb_190\" id=\"t6c_190\" style=\"left:746px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6d_190\" style=\"left:827px;bottom:405px;letter-spacing:-0.2px;display:inline;\">(5) </div>\n<div class=\"t s9_190\" id=\"t6e_190\" style=\"left:43px;bottom:387px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t6f_190\" style=\"left:382px;bottom:387px;letter-spacing:-0.37px;display:inline;\">228 </div><div class=\"t sb_190\" id=\"t6g_190\" style=\"left:457px;bottom:387px;letter-spacing:-0.2px;display:inline;\">1,614 </div><div class=\"t sb_190\" id=\"t6h_190\" style=\"left:555px;bottom:387px;letter-spacing:-0.3px;display:inline;\">160 </div><div class=\"t sb_190\" id=\"t6i_190\" style=\"left:642px;bottom:387px;letter-spacing:-0.42px;display:inline;\">415 </div><div class=\"t sb_190\" id=\"t6j_190\" style=\"left:746px;bottom:387px;display:inline;\">\u2013 </div><div class=\"t sb_190\" id=\"t6k_190\" style=\"left:804px;bottom:387px;letter-spacing:-0.34px;display:inline;\">2,417 </div>\n<div class=\"t s9_190\" id=\"t6l_190\" style=\"left:48px;bottom:369px;letter-spacing:0.2px;word-spacing:-0.14px;display:inline;\">Net book amounts </div><div class=\"t sa_190\" id=\"t6m_190\" style=\"left:395px;bottom:369px;display:inline;\">\u00a0</div><div class=\"t sa_190\" id=\"t6n_190\" style=\"left:398px;bottom:369px;display:inline;\">\u00a0</div>\n<div class=\"t s9_190\" id=\"t6o_190\" style=\"left:43px;bottom:350px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sb_190\" id=\"t6p_190\" style=\"left:382px;bottom:350px;letter-spacing:-0.18px;display:inline;\">354 </div><div class=\"t sb_190\" id=\"t6q_190\" style=\"left:469px;bottom:350px;letter-spacing:-0.45px;display:inline;\">618 </div><div class=\"t sb_190\" id=\"t6r_190\" style=\"left:564px;bottom:350px;letter-spacing:-0.42px;display:inline;\">75 </div><div class=\"t sb_190\" id=\"t6s_190\" style=\"left:650px;bottom:350px;letter-spacing:-0.37px;display:inline;\">93 </div><div class=\"t sb_190\" id=\"t6t_190\" style=\"left:736px;bottom:350px;letter-spacing:-0.1px;display:inline;\">96 </div><div class=\"t sb_190\" id=\"t6u_190\" style=\"left:803px;bottom:350px;display:inline;\">1,236 </div>\n<div class=\"t sa_190\" id=\"t6v_190\" style=\"left:43px;bottom:332px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_190\" id=\"t6w_190\" style=\"left:383px;bottom:332px;letter-spacing:0.09px;display:inline;\">408 </div><div class=\"t sa_190\" id=\"t6x_190\" style=\"left:471px;bottom:332px;letter-spacing:-0.49px;display:inline;\">724 </div><div class=\"t sa_190\" id=\"t6y_190\" style=\"left:564px;bottom:332px;letter-spacing:-0.07px;display:inline;\">86 </div><div class=\"t sa_190\" id=\"t6z_190\" style=\"left:644px;bottom:332px;letter-spacing:-0.43px;display:inline;\">112 </div><div class=\"t sa_190\" id=\"t70_190\" style=\"left:738px;bottom:332px;letter-spacing:0.03px;display:inline;\">68 </div><div class=\"t sa_190\" id=\"t71_190\" style=\"left:806px;bottom:332px;letter-spacing:-0.03px;display:inline;\">1,398 </div>\n<div class=\"t sa_190\" id=\"t72_190\" style=\"left:43px;bottom:303px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Transfers into so\ufb05ware and assets in course of construction includes $nil (2021: $3m) of so\ufb05ware transferred from property, </div>\n<div class=\"t sa_190\" id=\"t73_190\" style=\"left:43px;bottom:288px;letter-spacing:0.01px;word-spacing:-0.05px;display:inline;\">plant\u00a0and equipment. Group capital expenditure relating to so\ufb05ware contracted but not provided for amounted to $7m (2021: $10m). </div>\n<div class=\"t sa_190\" id=\"t74_190\" style=\"left:43px;bottom:264px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Amortisation and impairment of acquisition intangibles is set out below: </div>\n<div class=\"t s8_190\" id=\"t75_190\" style=\"left:727px;bottom:241px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s8_190\" id=\"t76_190\" style=\"left:813px;bottom:241px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s8_190\" id=\"t77_190\" style=\"left:671px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t78_190\" style=\"left:674px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t79_190\" style=\"left:676px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7a_190\" style=\"left:678px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7b_190\" style=\"left:711px;bottom:229px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_190\" id=\"t7c_190\" style=\"left:758px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7d_190\" style=\"left:760px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7e_190\" style=\"left:763px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7f_190\" style=\"left:765px;bottom:229px;display:inline;\">\u00a0</div><div class=\"t s8_190\" id=\"t7g_190\" style=\"left:798px;bottom:229px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s8_190\" id=\"t7h_190\" style=\"left:844px;bottom:229px;display:inline;\">\u00a0</div>\n<div class=\"t sa_190\" id=\"t7i_190\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;display:inline;\">Technology </div><div class=\"t sb_190\" id=\"t7j_190\" style=\"left:737px;bottom:210px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sa_190\" id=\"t7k_190\" style=\"left:825px;bottom:210px;letter-spacing:-0.84px;display:inline;\">41 </div>\n<div class=\"t sa_190\" id=\"t7l_190\" style=\"left:43px;bottom:191px;letter-spacing:0.05px;display:inline;\">Product-related </div><div class=\"t sb_190\" id=\"t7m_190\" style=\"left:729px;bottom:191px;letter-spacing:-0.4px;display:inline;\">142 </div><div class=\"t sa_190\" id=\"t7n_190\" style=\"left:817px;bottom:191px;letter-spacing:-0.46px;display:inline;\">118 </div>\n<div class=\"t sa_190\" id=\"t7o_190\" style=\"left:43px;bottom:173px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Customer and distribution-related </div><div class=\"t sb_190\" id=\"t7p_190\" style=\"left:737px;bottom:173px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sa_190\" id=\"t7q_190\" style=\"left:824px;bottom:173px;letter-spacing:-0.2px;display:inline;\">13 </div>\n<div class=\"t s9_190\" id=\"t7r_190\" style=\"left:43px;bottom:154px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sb_190\" id=\"t7s_190\" style=\"left:728px;bottom:154px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t sa_190\" id=\"t7t_190\" style=\"left:817px;bottom:154px;letter-spacing:-0.62px;display:inline;\">172 </div>\n<div class=\"t sc_190\" id=\"t7u_190\" style=\"left:43px;bottom:11px;letter-spacing:-0.67px;display:inline;\">188 </div><div class=\"t sd_190\" id=\"t7v_190\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_190\" id=\"t7w_190\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_191\" id=\"t1_191\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Management have assessed the acquisition intangible assets held by the Group to identify any indicators of impairment as of </div>\n<div class=\"t s1_191\" id=\"t2_191\" style=\"left:65px;bottom:943px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">September\u00a02022. These were updated during December to take into account any signi\ufb01cant events that occurred between September </div>\n<div class=\"t s1_191\" id=\"t3_191\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">and December. Where an impairment indicator has arisen, impairment reviews have been undertaken by comparing the expected </div>\n<div class=\"t s1_191\" id=\"t4_191\" style=\"left:65px;bottom:912px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">recoverable value of assets to the carrying value of assets. In 2022, the Group booked $32m (2021: $nil) of impairment charge in </div>\n<div class=\"t s1_191\" id=\"t5_191\" style=\"left:65px;bottom:897px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">relation\u00a0to\u00a0immaterial product assets in acquisition intangibles. </div>\n<div class=\"t s1_191\" id=\"t6_191\" style=\"left:65px;bottom:873px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">The table below provides further detail on the largest intangible assets and their remaining amortisation period: </div>\n<div class=\"t s2_191\" id=\"t7_191\" style=\"left:810px;bottom:851px;letter-spacing:-0.11px;display:inline;\">Remaining </div>\n<div class=\"t s2_191\" id=\"t8_191\" style=\"left:704px;bottom:838px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">Carrying value </div><div class=\"t s2_191\" id=\"t9_191\" style=\"left:798px;bottom:838px;letter-spacing:-0.07px;display:inline;\">amortisation </div>\n<div class=\"t s2_191\" id=\"ta_191\" style=\"left:733px;bottom:826px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"tb_191\" style=\"left:780px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"tc_191\" style=\"left:782px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"td_191\" style=\"left:784px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"te_191\" style=\"left:787px;bottom:826px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"tf_191\" style=\"left:831px;bottom:826px;letter-spacing:-0.06px;display:inline;\">period </div>\n<div class=\"t s1_191\" id=\"tg_191\" style=\"left:65px;bottom:807px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Intangibles acquired as part of the ArthroCare acquisition </div><div class=\"t s1_191\" id=\"th_191\" style=\"left:751px;bottom:807px;letter-spacing:0.04px;display:inline;\">306 </div><div class=\"t s1_191\" id=\"ti_191\" style=\"left:797px;bottom:807px;letter-spacing:-0.24px;word-spacing:0.27px;display:inline;\">1\u201311 years </div>\n<div class=\"t s1_191\" id=\"tj_191\" style=\"left:65px;bottom:788px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Intangibles acquired as part of the Osiris acquisition </div><div class=\"t s1_191\" id=\"tk_191\" style=\"left:752px;bottom:788px;letter-spacing:-0.16px;display:inline;\">204 </div><div class=\"t s1_191\" id=\"tl_191\" style=\"left:803px;bottom:788px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">2\u20136 years </div>\n<div class=\"t s1_191\" id=\"tm_191\" style=\"left:65px;bottom:770px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Intangibles acquired as part of the Healthpoint acquisition </div><div class=\"t s1_191\" id=\"tn_191\" style=\"left:753px;bottom:770px;letter-spacing:-0.67px;display:inline;\">179 </div>5 years",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23341": {
   "value": "Accounting policy <div class=\"t s4_189\" id=\"t4_189\" style=\"left:74px;bottom:911px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Intangible assets </div>\n<div class=\"t s5_189\" id=\"t5_189\" style=\"left:74px;bottom:893px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">Intangible assets acquired separately from a business combination (including purchased patents, know-how, trademarks, licences </div>\n<div class=\"t s5_189\" id=\"t6_189\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0distribution rights) are initially measured at cost. The cost of intangible assets acquired in a material business combination </div>\n<div class=\"t s5_189\" id=\"t7_189\" style=\"left:74px;bottom:863px;letter-spacing:0.03px;word-spacing:-0.09px;display:inline;\">(referred to as acquisition intangibles) is the fair value as at the date of acquisition. Following initial recognition, intangible assets are </div>\n<div class=\"t s5_189\" id=\"t8_189\" style=\"left:74px;bottom:848px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">carried at cost less any\u00a0accumulated amortisation and any accumulated impairment losses. All intangible assets are amortised on a </div>\n<div class=\"t s5_189\" id=\"t9_189\" style=\"left:74px;bottom:832px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">straight-line basis over their estimated useful economic lives. The estimated useful economic life of so\ufb05ware ranges between three </div>\n<div class=\"t s5_189\" id=\"ta_189\" style=\"left:74px;bottom:817px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and seven years. The estimated useful economic life of technology assets ranges between 6\u201320 years, product-related assets ranges </div>\n<div class=\"t s5_189\" id=\"tb_189\" style=\"left:74px;bottom:802px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">between 2\u201320 years, and customer and distribution assets ranges between 2\u201314 years. Internally-generated intangible assets are </div>\n<div class=\"t s5_189\" id=\"tc_189\" style=\"left:74px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">expensed in the income statement as incurred. Purchased computer so\ufb05ware and certain costs of information technology projects </div>\n<div class=\"t s5_189\" id=\"td_189\" style=\"left:74px;bottom:771px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">are capitalised as intangible assets. So\ufb05ware that is integral to computer hardware is capitalised as plant and equipment. </div>\n<div class=\"t s4_189\" id=\"te_189\" style=\"left:74px;bottom:747px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Impairment of intangible assets </div>\n<div class=\"t s5_189\" id=\"tf_189\" style=\"left:74px;bottom:729px;word-spacing:-0.11px;display:inline;\">The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying </div>\n<div class=\"t s5_189\" id=\"tg_189\" style=\"left:74px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the </div>\n<div class=\"t s5_189\" id=\"th_189\" style=\"left:74px;bottom:699px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the </div>\n<div class=\"t s5_189\" id=\"ti_189\" style=\"left:74px;bottom:683px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">recoverable amount of the CGU to which it belongs. An asset\u2019s recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less </div>\n<div class=\"t s5_189\" id=\"tj_189\" style=\"left:74px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">costs to sell and its value-in-use. In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using </div>\n<div class=\"t s5_189\" id=\"tk_189\" style=\"left:74px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">a\u00a0pre-tax discount rate that re\ufb02ects the current market assessments of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s5_189\" id=\"tl_189\" style=\"left:74px;bottom:629px;letter-spacing:0.08px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets, a number of signi\ufb01cant assumptions have to be made when preparing cash </div>\n<div class=\"t s5_189\" id=\"tm_189\" style=\"left:74px;bottom:614px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02ow\u00a0projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, </div>\n<div class=\"t s5_189\" id=\"tn_189\" style=\"left:74px;bottom:598px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s5_189\" id=\"to_189\" style=\"left:74px;bottom:583px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or\u00a0changes in expectations should arise, impairment charges may be required which would adversely </div>\nimpact operating results.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23354": {
   "value": "Impairment of intangible assets <div class=\"t s5_189\" id=\"tf_189\" style=\"left:74px;bottom:729px;word-spacing:-0.11px;display:inline;\">The carrying values of intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying </div>\n<div class=\"t s5_189\" id=\"tg_189\" style=\"left:74px;bottom:714px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">value may be impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the </div>\n<div class=\"t s5_189\" id=\"th_189\" style=\"left:74px;bottom:699px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">extent of impairment loss. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the </div>\n<div class=\"t s5_189\" id=\"ti_189\" style=\"left:74px;bottom:683px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">recoverable amount of the CGU to which it belongs. An asset\u2019s recoverable amount is the higher of an asset\u2019s or CGU\u2019s fair value less </div>\n<div class=\"t s5_189\" id=\"tj_189\" style=\"left:74px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">costs to sell and its value-in-use. In assessing value-in-use, its estimated future cash \ufb02ow is discounted to its present value using </div>\n<div class=\"t s5_189\" id=\"tk_189\" style=\"left:74px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">a\u00a0pre-tax discount rate that re\ufb02ects the current market assessments of the time value of money and the risks speci\ufb01c to the asset. </div>\n<div class=\"t s5_189\" id=\"tl_189\" style=\"left:74px;bottom:629px;letter-spacing:0.08px;word-spacing:-0.11px;display:inline;\">In carrying out impairment reviews of intangible assets, a number of signi\ufb01cant assumptions have to be made when preparing cash </div>\n<div class=\"t s5_189\" id=\"tm_189\" style=\"left:74px;bottom:614px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02ow\u00a0projections. These include the future rate of market growth, discount rates, the market demand for the products acquired, </div>\n<div class=\"t s5_189\" id=\"tn_189\" style=\"left:74px;bottom:598px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the future pro\ufb01tability of acquired businesses or products, levels of reimbursement and success in obtaining regulatory approvals. </div>\n<div class=\"t s5_189\" id=\"to_189\" style=\"left:74px;bottom:583px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">If actual results should di\ufb00er, or\u00a0changes in expectations should arise, impairment charges may be required which would adversely </div>impact operating results. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23708": {
   "value": "10 <div class=\"t s4_191\" id=\"tq_191\" style=\"left:87px;bottom:738px;letter-spacing:-0.04px;display:inline;\">Investments </div>\n<div class=\"t s5_191\" id=\"tr_191\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s6_191\" id=\"ts_191\" style=\"left:74px;bottom:694px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Investments, other than those related to associates, are initially recorded at fair value plus any directly attributable transaction costs </div>\n<div class=\"t s6_191\" id=\"tt_191\" style=\"left:74px;bottom:678px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on the trade date. The Group has investments in unquoted entities and an entity that holds mainly unquoted equity securities, which </div>\n<div class=\"t s6_191\" id=\"tu_191\" style=\"left:74px;bottom:663px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by their nature have no \ufb01xed maturity date or coupon rate. These investments are classed as fair value through pro\ufb01t or loss. The fair </div>\n<div class=\"t s6_191\" id=\"tv_191\" style=\"left:74px;bottom:648px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">value of these investments is based on the underlying fair value of the equity securities: marketable securities are valued by reference </div>\n<div class=\"t s6_191\" id=\"tw_191\" style=\"left:74px;bottom:633px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to closing prices in the market; non-marketable securities are estimated considering factors including the purchase price; prices of </div>\n<div class=\"t s6_191\" id=\"tx_191\" style=\"left:74px;bottom:617px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">recent signi\ufb01cant private placements of securities of the same issuer; and estimates of liquidation value. Changes in fair value based </div>\n<div class=\"t s6_191\" id=\"ty_191\" style=\"left:74px;bottom:602px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">on externally observable valuation events are recognised in pro\ufb01t or loss. </div>\n<div class=\"t s2_191\" id=\"tz_191\" style=\"left:748px;bottom:566px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_191\" id=\"t10_191\" style=\"left:835px;bottom:566px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_191\" id=\"t11_191\" style=\"left:693px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t12_191\" style=\"left:695px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t13_191\" style=\"left:698px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t14_191\" style=\"left:700px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t15_191\" style=\"left:733px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"t16_191\" style=\"left:780px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t17_191\" style=\"left:782px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t18_191\" style=\"left:784px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t19_191\" style=\"left:787px;bottom:552px;display:inline;\">\u00a0</div><div class=\"t s2_191\" id=\"t1a_191\" style=\"left:820px;bottom:552px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_191\" id=\"t1b_191\" style=\"left:866px;bottom:552px;display:inline;\">\u00a0</div>\n<div class=\"t s1_191\" id=\"t1c_191\" style=\"left:65px;bottom:532px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s7_191\" id=\"t1d_191\" style=\"left:758px;bottom:532px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_191\" id=\"t1e_191\" style=\"left:854px;bottom:532px;display:inline;\">9 </div>\n<div class=\"t s1_191\" id=\"t1f_191\" style=\"left:65px;bottom:514px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s7_191\" id=\"t1g_191\" style=\"left:766px;bottom:514px;display:inline;\">2 </div><div class=\"t s1_191\" id=\"t1h_191\" style=\"left:854px;bottom:514px;display:inline;\">2 </div>\n<div class=\"t s1_191\" id=\"t1i_191\" style=\"left:65px;bottom:496px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s7_191\" id=\"t1j_191\" style=\"left:767px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t s1_191\" id=\"t1k_191\" style=\"left:851px;bottom:496px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_191\" id=\"t1l_191\" style=\"left:65px;bottom:477px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s7_191\" id=\"t1m_191\" style=\"left:758px;bottom:477px;letter-spacing:-0.46px;display:inline;\">12 </div>10",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23713": {
   "value": "Accounting policy <div class=\"t s6_191\" id=\"ts_191\" style=\"left:74px;bottom:694px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Investments, other than those related to associates, are initially recorded at fair value plus any directly attributable transaction costs </div>\n<div class=\"t s6_191\" id=\"tt_191\" style=\"left:74px;bottom:678px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on the trade date. The Group has investments in unquoted entities and an entity that holds mainly unquoted equity securities, which </div>\n<div class=\"t s6_191\" id=\"tu_191\" style=\"left:74px;bottom:663px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by their nature have no \ufb01xed maturity date or coupon rate. These investments are classed as fair value through pro\ufb01t or loss. The fair </div>\n<div class=\"t s6_191\" id=\"tv_191\" style=\"left:74px;bottom:648px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">value of these investments is based on the underlying fair value of the equity securities: marketable securities are valued by reference </div>\n<div class=\"t s6_191\" id=\"tw_191\" style=\"left:74px;bottom:633px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to closing prices in the market; non-marketable securities are estimated considering factors including the purchase price; prices of </div>\n<div class=\"t s6_191\" id=\"tx_191\" style=\"left:74px;bottom:617px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">recent signi\ufb01cant private placements of securities of the same issuer; and estimates of liquidation value. Changes in fair value based </div>\non externally observable valuation events are recognised in pro\ufb01t or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23750": {
   "value": "11 <div class=\"t s4_191\" id=\"t1p_191\" style=\"left:87px;bottom:445px;letter-spacing:-0.06px;word-spacing:-0.04px;display:inline;\">Investments in associates </div>\n<div class=\"t s5_191\" id=\"t1q_191\" style=\"left:74px;bottom:419px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_191\" id=\"t1r_191\" style=\"left:74px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Investments in associates, being those entities over which the Group has a signi\ufb01cant in\ufb02uence and which is neither a subsidiary </div>\n<div class=\"t s8_191\" id=\"t1s_191\" style=\"left:74px;bottom:386px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">nor\u00a0a\u00a0joint\u00a0venture, are accounted for using the equity method, with the Group recording its share of the associates\u2019 pro\ufb01t and loss </div>\n<div class=\"t s8_191\" id=\"t1t_191\" style=\"left:74px;bottom:371px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and\u00a0other comprehensive income. The Group\u2019s share of associates\u2019 pro\ufb01t or loss is included in one separate income statement line </div>\n<div class=\"t s8_191\" id=\"t1u_191\" style=\"left:74px;bottom:355px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0is\u00a0calculated a\ufb05er\u00a0deduction of their respective taxes. </div>\n<div class=\"t s8_191\" id=\"t1v_191\" style=\"left:74px;bottom:331px;letter-spacing:0.03px;display:inline;\">The carrying amounts of investments in associates are reviewed for impairment as at the balance sheet date. For the purposes of </div>\n<div class=\"t s8_191\" id=\"t1w_191\" style=\"left:74px;bottom:316px;letter-spacing:-0.03px;display:inline;\">impairment testing, the recoverable amounts of these investments would be based on their observable market value. Any impairment </div>\n<div class=\"t s8_191\" id=\"t1x_191\" style=\"left:74px;bottom:301px;letter-spacing:0.03px;display:inline;\">loss is subsequently reversed only to the extent that the recoverable amounts of\u00a0the investments increase. </div>\n<div class=\"t s1_191\" id=\"t1y_191\" style=\"left:65px;bottom:263px;letter-spacing:-0.11px;display:inline;\">At 31 December 2022, the Group holds 28.3% (2021: 29.2%) of Bioventus Inc. (Bioventus) which is the holding company of Bioventus\u00a0LLC. </div>\n<div class=\"t s1_191\" id=\"t1z_191\" style=\"left:65px;bottom:248px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The decrease in the Group\u2019s holding between 2022 and 2021 was because of the exercise of Bioventus employee share options. </div>\n<div class=\"t s1_191\" id=\"t20_191\" style=\"left:65px;bottom:233px;word-spacing:-0.11px;display:inline;\">The company\u2019s headquarters is located in Durham, North Carolina, US, and its medical product development is focused around active </div>\n<div class=\"t s1_191\" id=\"t21_191\" style=\"left:65px;bottom:217px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">healing therapies and the surgical performance of orthobiologics. The active healing therapies product line supports accelerated </div>\n<div class=\"t s1_191\" id=\"t22_191\" style=\"left:65px;bottom:202px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and\u00a0more complete healing of bone fractures, and treats the chronic pain associated with osteoarthritis. </div>\n<div class=\"t s1_191\" id=\"t23_191\" style=\"left:65px;bottom:178px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">The loss a\ufb05er taxation recognised in the income statement relating to Bioventus was $141m (2021: $84m pro\ufb01t) which comprises </div>\n<div class=\"t s1_191\" id=\"t24_191\" style=\"left:65px;bottom:163px;letter-spacing:0.03px;display:inline;\">the\u00a0Group\u2019s share of loss of $32m (2021: $9m pro\ufb01t), $nil gain (2021: $75m gain) on disposal of interest in associate, and an impairment </div>\n<div class=\"t s1_191\" id=\"t25_191\" style=\"left:65px;bottom:148px;letter-spacing:-0.04px;display:inline;\">loss of $109m (2021: $nil). The balance sheet carrying value relating to Bioventus is $46m (2021: $186m). The Group\u2019s ability to recover </div>\n<div class=\"t s1_191\" id=\"t26_191\" style=\"left:65px;bottom:132px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the value of its investment is\u00a0dependent upon the ongoing clinical and commercial success of these products. </div>\n<div class=\"t s1_191\" id=\"t27_191\" style=\"left:65px;bottom:108px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On 11 February 2021, Bioventus commenced trading on the Nasdaq Global Select Market via its holding company, Bioventus Inc., </div>\n<div class=\"t s1_191\" id=\"t28_191\" style=\"left:65px;bottom:93px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">under the symbol \u2018BVS\u2019. Since its IPO in February 2021, Bioventus\u2019s trading share price has decreased signi\ufb01cantly and the company </div>\n<div class=\"t s1_191\" id=\"t29_191\" style=\"left:65px;bottom:78px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">has disclosed a substantial doubt about their ability to continue as a going concern. Given these impairment indicators, management </div>\n<div class=\"t s1_191\" id=\"t2a_191\" style=\"left:65px;bottom:63px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">performed an impairment review by comparing the fair value of Bioventus using its market share price of $2.61 as at 30 December 2022 </div>\n<div class=\"t s1_191\" id=\"t2b_191\" style=\"left:65px;bottom:47px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">less costs of disposal to its carrying amount and concluded that an impairment loss of $109m should be charged (2021: $nil). </div>\n<div class=\"t s9_191\" id=\"t2c_191\" style=\"left:829px;bottom:11px;letter-spacing:-0.83px;display:inline;\">189 </div><div class=\"t sa_191\" id=\"t2d_191\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_191\" id=\"t2e_191\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_191\" id=\"t2f_191\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_191\" id=\"t2g_191\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_191\" id=\"t2h_191\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_191\" id=\"t2i_191\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_192\" id=\"t1_192\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_192\" id=\"t2_192\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_192\" id=\"t3_192\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_192\" id=\"t4_192\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_192\" id=\"t5_192\" style=\"left:43px;bottom:956px;letter-spacing:-1.02px;display:inline;\">11 </div><div class=\"t s6_192\" id=\"t6_192\" style=\"left:65px;bottom:956px;letter-spacing:-0.07px;word-spacing:-0.04px;display:inline;\">Investments in associates </div><div class=\"t s7_192\" id=\"t7_192\" style=\"left:244px;bottom:956px;letter-spacing:-0.05px;display:inline;\">continued </div>\n<div class=\"t s8_192\" id=\"t8_192\" style=\"left:43px;bottom:939px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The amounts recognised in the balance sheet and income statement for associates are as follows: </div>\n<div class=\"t s9_192\" id=\"t9_192\" style=\"left:727px;bottom:917px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_192\" id=\"ta_192\" style=\"left:813px;bottom:917px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_192\" id=\"tb_192\" style=\"left:671px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tc_192\" style=\"left:674px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"td_192\" style=\"left:676px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"te_192\" style=\"left:678px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tf_192\" style=\"left:711px;bottom:905px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"tg_192\" style=\"left:758px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"th_192\" style=\"left:760px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"ti_192\" style=\"left:763px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tj_192\" style=\"left:765px;bottom:905px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"tk_192\" style=\"left:798px;bottom:905px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"tl_192\" style=\"left:844px;bottom:905px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"tm_192\" style=\"left:43px;bottom:885px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Balance sheet </div><div class=\"t sa_192\" id=\"tn_192\" style=\"left:736px;bottom:885px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s8_192\" id=\"to_192\" style=\"left:817px;bottom:885px;letter-spacing:-0.18px;display:inline;\">188 </div>\n<div class=\"t s8_192\" id=\"tp_192\" style=\"left:43px;bottom:867px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Income statement (loss)/pro\ufb01t </div><div class=\"t sa_192\" id=\"tq_192\" style=\"left:732px;bottom:867px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s8_192\" id=\"tr_192\" style=\"left:832px;bottom:867px;display:inline;\">9 </div>\n<div class=\"t s8_192\" id=\"ts_192\" style=\"left:43px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Impairment of interest in associate </div><div class=\"t sa_192\" id=\"tt_192\" style=\"left:724px;bottom:848px;letter-spacing:-0.24px;display:inline;\">(109) </div><div class=\"t s8_192\" id=\"tu_192\" style=\"left:832px;bottom:848px;display:inline;\">\u2013 </div>\n<div class=\"t s8_192\" id=\"tv_192\" style=\"left:43px;bottom:830px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Gain on disposal of interest in associate </div><div class=\"t sa_192\" id=\"tw_192\" style=\"left:746px;bottom:830px;display:inline;\">\u2013 </div><div class=\"t s8_192\" id=\"tx_192\" style=\"left:824px;bottom:830px;letter-spacing:-0.36px;display:inline;\">75 </div>\n<div class=\"t sb_192\" id=\"ty_192\" style=\"left:43px;bottom:800px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Summarised \ufb01nancial information for signi\ufb01cant associates </div>\n<div class=\"t s8_192\" id=\"tz_192\" style=\"left:43px;bottom:783px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Set out below is the summarised \ufb01nancial information for Bioventus, adjusted for di\ufb00erences with Group accounting policies. For the </div>\n<div class=\"t s8_192\" id=\"t10_192\" style=\"left:43px;bottom:768px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">2022 \ufb01nancial year, full-year information for Bioventus has not been released at the date of approval of these \ufb01nancial statements and </div>\n<div class=\"t s8_192\" id=\"t11_192\" style=\"left:43px;bottom:752px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">is\u00a0market sensitive given Bioventus is a publicly traded company. Accordingly, the summary \ufb01nancial information for 2022 is presented </div>\n<div class=\"t s8_192\" id=\"t12_192\" style=\"left:43px;bottom:737px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">for a nine-month period, with adjustments made for any signi\ufb01cant transactions or events which occur in the fourth quarter. </div>\n<div class=\"t s9_192\" id=\"t13_192\" style=\"left:727px;bottom:715px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_192\" id=\"t14_192\" style=\"left:760px;bottom:715px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t15_192\" style=\"left:813px;bottom:715px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s9_192\" id=\"t16_192\" style=\"left:671px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t17_192\" style=\"left:674px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t18_192\" style=\"left:676px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t19_192\" style=\"left:678px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1a_192\" style=\"left:711px;bottom:703px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t1b_192\" style=\"left:758px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1c_192\" style=\"left:760px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1d_192\" style=\"left:763px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1e_192\" style=\"left:765px;bottom:703px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t1f_192\" style=\"left:798px;bottom:703px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t1g_192\" style=\"left:844px;bottom:703px;display:inline;\">\u00a0</div>\n<div class=\"t sc_192\" id=\"t1h_192\" style=\"left:48px;bottom:683px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Summarised statement of comprehensive income </div><div class=\"t s8_192\" id=\"t1i_192\" style=\"left:742px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1j_192\" style=\"left:745px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1k_192\" style=\"left:828px;bottom:683px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t1l_192\" style=\"left:831px;bottom:683px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"t1m_192\" style=\"left:43px;bottom:665px;letter-spacing:0.12px;display:inline;\">Revenue </div><div class=\"t sa_192\" id=\"t1n_192\" style=\"left:728px;bottom:665px;letter-spacing:-0.09px;display:inline;\">386 </div><div class=\"t s8_192\" id=\"t1o_192\" style=\"left:816px;bottom:665px;letter-spacing:0.11px;display:inline;\">300 </div>\n<div class=\"t s8_192\" id=\"t1p_192\" style=\"left:43px;bottom:646px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Attributable (loss)/pro\ufb01t for the\u00a0year </div><div class=\"t sa_192\" id=\"t1q_192\" style=\"left:724px;bottom:646px;letter-spacing:-0.31px;display:inline;\">(129) </div><div class=\"t s8_192\" id=\"t1r_192\" style=\"left:825px;bottom:646px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t s8_192\" id=\"t1s_192\" style=\"left:43px;bottom:628px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Group adjustments </div>\n<div class=\"t sd_192\" id=\"t1t_192\" style=\"left:157px;bottom:635px;display:inline;\">1 </div>\n<div class=\"t sa_192\" id=\"t1u_192\" style=\"left:737px;bottom:628px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t s8_192\" id=\"t1v_192\" style=\"left:825px;bottom:628px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_192\" id=\"t1w_192\" style=\"left:43px;bottom:609px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">Total comprehensive pro\ufb01t </div><div class=\"t sa_192\" id=\"t1x_192\" style=\"left:724px;bottom:609px;letter-spacing:-0.43px;display:inline;\">(112) </div><div class=\"t s8_192\" id=\"t1y_192\" style=\"left:825px;bottom:609px;letter-spacing:-0.53px;display:inline;\">32 </div>\n<div class=\"t s8_192\" id=\"t1z_192\" style=\"left:43px;bottom:591px;letter-spacing:-0.01px;word-spacing:0.03px;display:inline;\">Group share of pro\ufb01t for the\u00a0year at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t20_192\" style=\"left:732px;bottom:591px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s8_192\" id=\"t21_192\" style=\"left:832px;bottom:591px;display:inline;\">9 </div>\n<div class=\"t s9_192\" id=\"t22_192\" style=\"left:727px;bottom:564px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s9_192\" id=\"t23_192\" style=\"left:760px;bottom:564px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t24_192\" style=\"left:813px;bottom:564px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s9_192\" id=\"t25_192\" style=\"left:671px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t26_192\" style=\"left:674px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t27_192\" style=\"left:676px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t28_192\" style=\"left:678px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t29_192\" style=\"left:711px;bottom:551px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t2a_192\" style=\"left:758px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2b_192\" style=\"left:760px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2c_192\" style=\"left:763px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2d_192\" style=\"left:765px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t s9_192\" id=\"t2e_192\" style=\"left:798px;bottom:551px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_192\" id=\"t2f_192\" style=\"left:844px;bottom:551px;display:inline;\">\u00a0</div>\n<div class=\"t sc_192\" id=\"t2g_192\" style=\"left:48px;bottom:532px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Summarised balance sheet </div><div class=\"t s8_192\" id=\"t2h_192\" style=\"left:742px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2i_192\" style=\"left:745px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2j_192\" style=\"left:828px;bottom:532px;display:inline;\">\u00a0</div><div class=\"t s8_192\" id=\"t2k_192\" style=\"left:831px;bottom:532px;display:inline;\">\u00a0</div>\n<div class=\"t s8_192\" id=\"t2l_192\" style=\"left:43px;bottom:513px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Non-current assets </div><div class=\"t sa_192\" id=\"t2m_192\" style=\"left:717px;bottom:513px;letter-spacing:-0.13px;display:inline;\">1,128 </div><div class=\"t s8_192\" id=\"t2n_192\" style=\"left:807px;bottom:513px;letter-spacing:-0.33px;display:inline;\">1,021 </div>\n<div class=\"t s8_192\" id=\"t2o_192\" style=\"left:43px;bottom:495px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Current assets </div><div class=\"t sa_192\" id=\"t2p_192\" style=\"left:729px;bottom:495px;letter-spacing:-0.42px;display:inline;\">271 </div><div class=\"t s8_192\" id=\"t2q_192\" style=\"left:817px;bottom:495px;letter-spacing:-0.32px;display:inline;\">229 </div>\n<div class=\"t s8_192\" id=\"t2r_192\" style=\"left:43px;bottom:477px;letter-spacing:0.14px;word-spacing:-0.13px;display:inline;\">Non-current liabilities </div><div class=\"t sa_192\" id=\"t2s_192\" style=\"left:723px;bottom:477px;letter-spacing:-0.07px;display:inline;\">(730) </div><div class=\"t s8_192\" id=\"t2t_192\" style=\"left:813px;bottom:477px;letter-spacing:-0.19px;display:inline;\">(542) </div>\n<div class=\"t s8_192\" id=\"t2u_192\" style=\"left:43px;bottom:458px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">Current liabilities </div><div class=\"t sa_192\" id=\"t2v_192\" style=\"left:723px;bottom:458px;letter-spacing:-0.12px;display:inline;\">(288) </div><div class=\"t s8_192\" id=\"t2w_192\" style=\"left:814px;bottom:458px;letter-spacing:-0.47px;display:inline;\">(191) </div>\n<div class=\"t s8_192\" id=\"t2x_192\" style=\"left:43px;bottom:440px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t sa_192\" id=\"t2y_192\" style=\"left:728px;bottom:440px;letter-spacing:-0.29px;display:inline;\">381 </div><div class=\"t s8_192\" id=\"t2z_192\" style=\"left:818px;bottom:440px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s8_192\" id=\"t30_192\" style=\"left:43px;bottom:421px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net equity attributable to owners </div><div class=\"t sa_192\" id=\"t31_192\" style=\"left:728px;bottom:421px;letter-spacing:-0.29px;display:inline;\">381 </div><div class=\"t s8_192\" id=\"t32_192\" style=\"left:818px;bottom:421px;letter-spacing:-0.92px;display:inline;\">517 </div>\n<div class=\"t s8_192\" id=\"t33_192\" style=\"left:43px;bottom:403px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">Group\u2019s share of net assets at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t34_192\" style=\"left:728px;bottom:403px;letter-spacing:-0.19px;display:inline;\">108 </div><div class=\"t s8_192\" id=\"t35_192\" style=\"left:817px;bottom:403px;letter-spacing:-0.51px;display:inline;\">151 </div>\n<div class=\"t s8_192\" id=\"t36_192\" style=\"left:43px;bottom:384px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">Group adjustments </div>\n<div class=\"t sd_192\" id=\"t37_192\" style=\"left:157px;bottom:391px;display:inline;\">1 </div>\n<div class=\"t sa_192\" id=\"t38_192\" style=\"left:737px;bottom:384px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s8_192\" id=\"t39_192\" style=\"left:824px;bottom:384px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t s8_192\" id=\"t3a_192\" style=\"left:43px;bottom:366px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Impairment loss </div><div class=\"t sa_192\" id=\"t3b_192\" style=\"left:724px;bottom:366px;letter-spacing:-0.24px;display:inline;\">(109) </div><div class=\"t s8_192\" id=\"t3c_192\" style=\"left:825px;bottom:366px;display:inline;\">\u2014 </div>\n<div class=\"t s8_192\" id=\"t3d_192\" style=\"left:43px;bottom:347px;letter-spacing:0.04px;display:inline;\">Group\u2019s carrying amount of investment at 28.3% (2021: 29.2%) </div><div class=\"t sa_192\" id=\"t3e_192\" style=\"left:736px;bottom:347px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s8_192\" id=\"t3f_192\" style=\"left:817px;bottom:347px;letter-spacing:-0.23px;display:inline;\">186 </div>\n<div class=\"t se_192\" id=\"t3g_192\" style=\"left:43px;bottom:324px;display:inline;\">1 </div><div class=\"t se_192\" id=\"t3h_192\" style=\"left:56px;bottom:324px;letter-spacing:0.15px;word-spacing:-0.17px;display:inline;\">Group adjustments include adjustments to align with Group policy. </div>\n<div class=\"t s8_192\" id=\"t3i_192\" style=\"left:43px;bottom:298px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">The investment in Bioventus had a fair value less costs of disposal of $46m as at 31 December 2022. </div>\n<div class=\"t s8_192\" id=\"t3j_192\" style=\"left:43px;bottom:274px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">During the year, the Group received a $1m (2021: $4m) cash distribution from its associates. </div>\nAt 31 December 2022, the Group held equity investments in two other associates (2021: two) with a carrying value of $nil (2021: $2m).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23755": {
   "value": "Accounting policy <div class=\"t s8_191\" id=\"t1r_191\" style=\"left:74px;bottom:401px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Investments in associates, being those entities over which the Group has a signi\ufb01cant in\ufb02uence and which is neither a subsidiary </div>\n<div class=\"t s8_191\" id=\"t1s_191\" style=\"left:74px;bottom:386px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">nor\u00a0a\u00a0joint\u00a0venture, are accounted for using the equity method, with the Group recording its share of the associates\u2019 pro\ufb01t and loss </div>\n<div class=\"t s8_191\" id=\"t1t_191\" style=\"left:74px;bottom:371px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and\u00a0other comprehensive income. The Group\u2019s share of associates\u2019 pro\ufb01t or loss is included in one separate income statement line </div>\n<div class=\"t s8_191\" id=\"t1u_191\" style=\"left:74px;bottom:355px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">and\u00a0is\u00a0calculated a\ufb05er\u00a0deduction of their respective taxes. </div>\n<div class=\"t s8_191\" id=\"t1v_191\" style=\"left:74px;bottom:331px;letter-spacing:0.03px;display:inline;\">The carrying amounts of investments in associates are reviewed for impairment as at the balance sheet date. For the purposes of </div>\n<div class=\"t s8_191\" id=\"t1w_191\" style=\"left:74px;bottom:316px;letter-spacing:-0.03px;display:inline;\">impairment testing, the recoverable amounts of these investments would be based on their observable market value. Any impairment </div>\nloss is subsequently reversed only to the extent that the recoverable amounts of\u00a0the investments increase.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23939": {
   "value": "12 <div class=\"t s2_193\" id=\"t2_193\" style=\"left:87px;bottom:956px;letter-spacing:-0.09px;display:inline;\">Inventories </div>\n<div class=\"t s3_193\" id=\"t3_193\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_193\" id=\"t4_193\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and work-in-progress are valued at factory cost, including appropriate overheads, on a \ufb01rst-in \ufb01rst-out basis. </div>\n<div class=\"t s4_193\" id=\"t5_193\" style=\"left:74px;bottom:896px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">Raw materials and bought-in \ufb01nished goods are valued at purchase price. All inventories are reduced to net realisable value where </div>\n<div class=\"t s4_193\" id=\"t6_193\" style=\"left:74px;bottom:881px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">lower than cost. Inventory acquired as\u00a0part of a business acquisition is valued at selling price less costs to sell and a pro\ufb01t allowance </div>\n<div class=\"t s4_193\" id=\"t7_193\" style=\"left:74px;bottom:866px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">for\u00a0selling e\ufb00orts. </div>\n<div class=\"t s4_193\" id=\"t8_193\" style=\"left:74px;bottom:842px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Orthopaedic instruments are generally not sold but provided to customers and distributors for use in surgery. They are recorded </div>\n<div class=\"t s4_193\" id=\"t9_193\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as inventory until they are deployed at which point they are transferred to plant and equipment and depreciated over their useful </div>\n<div class=\"t s4_193\" id=\"ta_193\" style=\"left:74px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic lives of between three and seven years. </div>\n<div class=\"t s4_193\" id=\"tb_193\" style=\"left:74px;bottom:787px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">A feature of the orthopaedic business is the high level of product inventory required, some of which is located at customer premises </div>\n<div class=\"t s4_193\" id=\"tc_193\" style=\"left:74px;bottom:772px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and is available for customers\u2019 immediate use (referred to as consignment inventory). Complete sets of product, including large and </div>\n<div class=\"t s4_193\" id=\"td_193\" style=\"left:74px;bottom:757px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">small sizes, have to be made available in this way. These outer sizes are used less frequently than standard sizes and towards the </div>\n<div class=\"t s4_193\" id=\"te_193\" style=\"left:74px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">end of the product life cycle are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be </div>\n<div class=\"t s4_193\" id=\"tf_193\" style=\"left:74px;bottom:726px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">made to orthopaedic inventory to anticipate this situation. These adjustments are calculated in accordance with a formula based on </div>\n<div class=\"t s4_193\" id=\"tg_193\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">levels of inventory compared with historical or forecast usage. This formula is applied on an individual product line basis and is \ufb01rst </div>\n<div class=\"t s4_193\" id=\"th_193\" style=\"left:74px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">applied when a product group has been on the market for two years. This method of calculation is considered appropriate based </div>\n<div class=\"t s4_193\" id=\"ti_193\" style=\"left:74px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">on\u00a0experience but it involves management judgements on e\ufb00ectiveness of\u00a0inventory deployment, length of product lives, phase-out </div>\n<div class=\"t s4_193\" id=\"tj_193\" style=\"left:74px;bottom:665px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">of\u00a0old products and e\ufb03ciency of manufacturing planning systems. </div>\n<div class=\"t s5_193\" id=\"tk_193\" style=\"left:693px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tl_193\" style=\"left:695px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tm_193\" style=\"left:748px;bottom:629px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s5_193\" id=\"tn_193\" style=\"left:782px;bottom:629px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"to_193\" style=\"left:835px;bottom:629px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s5_193\" id=\"tp_193\" style=\"left:693px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tq_193\" style=\"left:695px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tr_193\" style=\"left:698px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"ts_193\" style=\"left:700px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tt_193\" style=\"left:733px;bottom:617px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_193\" id=\"tu_193\" style=\"left:780px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tv_193\" style=\"left:782px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tw_193\" style=\"left:784px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"tx_193\" style=\"left:787px;bottom:617px;display:inline;\">\u00a0</div><div class=\"t s5_193\" id=\"ty_193\" style=\"left:820px;bottom:617px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s5_193\" id=\"tz_193\" style=\"left:866px;bottom:617px;display:inline;\">\u00a0</div>\n<div class=\"t s6_193\" id=\"t10_193\" style=\"left:65px;bottom:597px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Raw materials and consumables </div><div class=\"t s7_193\" id=\"t11_193\" style=\"left:751px;bottom:597px;letter-spacing:-0.87px;display:inline;\">474 </div><div class=\"t s6_193\" id=\"t12_193\" style=\"left:839px;bottom:597px;letter-spacing:-0.72px;display:inline;\">424 </div>\n<div class=\"t s6_193\" id=\"t13_193\" style=\"left:65px;bottom:579px;letter-spacing:0.08px;display:inline;\">Work-in-progress </div><div class=\"t s7_193\" id=\"t14_193\" style=\"left:758px;bottom:579px;letter-spacing:-0.38px;display:inline;\">78 </div><div class=\"t s6_193\" id=\"t15_193\" style=\"left:846px;bottom:579px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t s6_193\" id=\"t16_193\" style=\"left:65px;bottom:560px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and goods for resale </div><div class=\"t s7_193\" id=\"t17_193\" style=\"left:738px;bottom:560px;letter-spacing:-0.11px;display:inline;\">1,653 </div><div class=\"t s6_193\" id=\"t18_193\" style=\"left:828px;bottom:560px;letter-spacing:-0.18px;display:inline;\">1,341 </div>\n<div class=\"t s7_193\" id=\"t19_193\" style=\"left:738px;bottom:542px;letter-spacing:0.04px;display:inline;\">2,205 </div><div class=\"t s6_193\" id=\"t1a_193\" style=\"left:827px;bottom:542px;letter-spacing:0.06px;display:inline;\">1,844 </div>\n<div class=\"t s6_193\" id=\"t1b_193\" style=\"left:65px;bottom:513px;letter-spacing:-0.05px;word-spacing:-0.06px;display:inline;\">Management have not changed their policy for calculating the\u00a0provision since 31 December 2021, nor is a change in the key assumptions </div>\n<div class=\"t s6_193\" id=\"t1c_193\" style=\"left:65px;bottom:498px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">underlying the methodology expected in the next 12 months. As a result of increased inventory levels, the provision has increased </div>\n<div class=\"t s6_193\" id=\"t1d_193\" style=\"left:65px;bottom:483px;letter-spacing:0.04px;display:inline;\">from $430m at 31 December 2021 to $504m at 31 December 2022. The provision, however, reduced as a result of foreign exchange </div>\n<div class=\"t s6_193\" id=\"t1e_193\" style=\"left:65px;bottom:467px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">movements of\u00a0$15m. The determination of the estimate of excess and obsolete inventory is a critical accounting estimate and includes </div>\n<div class=\"t s6_193\" id=\"t1f_193\" style=\"left:65px;bottom:452px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">assumptions on the future usage of all di\ufb00erent items of \ufb01nished goods. The provision for excess and obsolete inventory is not considered </div>\n<div class=\"t s6_193\" id=\"t1g_193\" style=\"left:65px;bottom:437px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">to have a range of potential outcomes that is signi\ufb01cantly di\ufb00erent to the $504m at 31 December 2022 in the next 12 months. </div>\n<div class=\"t s6_193\" id=\"t1h_193\" style=\"left:65px;bottom:421px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The provision has a high degree of estimation uncertainty given the range of products and sizes, with a potential range of reasonable </div>\n<div class=\"t s6_193\" id=\"t1i_193\" style=\"left:65px;bottom:406px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">outcomes that could be material over the longer term. </div>\n<div class=\"t s6_193\" id=\"t1j_193\" style=\"left:65px;bottom:382px;letter-spacing:-0.19px;word-spacing:0.01px;display:inline;\">The cost of inventories recognised as an expense and included in cost of goods sold amounted to $1,302m (2021: $1,407m, 2020: $1,129m). </div>\n<div class=\"t s6_193\" id=\"t1k_193\" style=\"left:65px;bottom:367px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">No adverse manufacturing variances generated by factory speci\ufb01c shutdowns or reductions in scheduled production due to Covid </div>\n<div class=\"t s6_193\" id=\"t1l_193\" style=\"left:65px;bottom:352px;letter-spacing:-0.04px;display:inline;\">were\u00a0directly expensed to cost of goods sold in 2022 (2021: $nil, 2020: $85m). In addition, $117m was recognised as an expense within </div>\n<div class=\"t s6_193\" id=\"t1m_193\" style=\"left:65px;bottom:336px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">cost of goods sold resulting from inventory write-o\ufb00s and provision increases (2021: $105m, 2020:\u00a0$144m). </div>\nNotwithstanding inventory acquired within acquisitions, no inventory is carried at fair value less costs to sell in any year.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f23944": {
   "value": "Accounting policy <div class=\"t s4_193\" id=\"t4_193\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Finished goods and work-in-progress are valued at factory cost, including appropriate overheads, on a \ufb01rst-in \ufb01rst-out basis. </div>\n<div class=\"t s4_193\" id=\"t5_193\" style=\"left:74px;bottom:896px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">Raw materials and bought-in \ufb01nished goods are valued at purchase price. All inventories are reduced to net realisable value where </div>\n<div class=\"t s4_193\" id=\"t6_193\" style=\"left:74px;bottom:881px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">lower than cost. Inventory acquired as\u00a0part of a business acquisition is valued at selling price less costs to sell and a pro\ufb01t allowance </div>\n<div class=\"t s4_193\" id=\"t7_193\" style=\"left:74px;bottom:866px;letter-spacing:0.17px;word-spacing:-0.15px;display:inline;\">for\u00a0selling e\ufb00orts. </div>\n<div class=\"t s4_193\" id=\"t8_193\" style=\"left:74px;bottom:842px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Orthopaedic instruments are generally not sold but provided to customers and distributors for use in surgery. They are recorded </div>\n<div class=\"t s4_193\" id=\"t9_193\" style=\"left:74px;bottom:826px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">as inventory until they are deployed at which point they are transferred to plant and equipment and depreciated over their useful </div>\n<div class=\"t s4_193\" id=\"ta_193\" style=\"left:74px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">economic lives of between three and seven years. </div>\n<div class=\"t s4_193\" id=\"tb_193\" style=\"left:74px;bottom:787px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">A feature of the orthopaedic business is the high level of product inventory required, some of which is located at customer premises </div>\n<div class=\"t s4_193\" id=\"tc_193\" style=\"left:74px;bottom:772px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and is available for customers\u2019 immediate use (referred to as consignment inventory). Complete sets of product, including large and </div>\n<div class=\"t s4_193\" id=\"td_193\" style=\"left:74px;bottom:757px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">small sizes, have to be made available in this way. These outer sizes are used less frequently than standard sizes and towards the </div>\n<div class=\"t s4_193\" id=\"te_193\" style=\"left:74px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">end of the product life cycle are inevitably in excess of requirements. Adjustments to carrying value are therefore required to be </div>\n<div class=\"t s4_193\" id=\"tf_193\" style=\"left:74px;bottom:726px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">made to orthopaedic inventory to anticipate this situation. These adjustments are calculated in accordance with a formula based on </div>\n<div class=\"t s4_193\" id=\"tg_193\" style=\"left:74px;bottom:711px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">levels of inventory compared with historical or forecast usage. This formula is applied on an individual product line basis and is \ufb01rst </div>\n<div class=\"t s4_193\" id=\"th_193\" style=\"left:74px;bottom:695px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">applied when a product group has been on the market for two years. This method of calculation is considered appropriate based </div>\n<div class=\"t s4_193\" id=\"ti_193\" style=\"left:74px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.12px;display:inline;\">on\u00a0experience but it involves management judgements on e\ufb00ectiveness of\u00a0inventory deployment, length of product lives, phase-out </div>\nof\u00a0old products and e\ufb03ciency of manufacturing planning systems.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24025": {
   "value": "13<div class=\"t s6_194\" id=\"t6_194\" style=\"left:66px;bottom:956px;letter-spacing:-0.09px;word-spacing:-0.01px;display:inline;\">Trade and other receivables </div>\n<div class=\"t s7_194\" id=\"t7_194\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_194\" id=\"t8_194\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Trade and other receivables are carried at amortised cost, less any allowances for uncollectable amounts. They are included </div>\n<div class=\"t s8_194\" id=\"t9_194\" style=\"left:53px;bottom:896px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0current\u00a0assets, except for maturities greater than 12 months a\ufb05er the balance sheet date when they are classi\ufb01ed as </div>\n<div class=\"t s8_194\" id=\"ta_194\" style=\"left:53px;bottom:881px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">non-current assets. </div>\n<div class=\"t s8_194\" id=\"tb_194\" style=\"left:53px;bottom:857px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group manages credit risk through credit limits which require authorisation commensurate with the size of the limit and </div>\n<div class=\"t s8_194\" id=\"tc_194\" style=\"left:53px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which are regularly reviewed. Credit limit decisions are made based on available \ufb01nancial information and the business case. </div>\n<div class=\"t s8_194\" id=\"td_194\" style=\"left:53px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Signi\ufb01cant receivables are regularly reviewed and monitored at Group level. The Group has no signi\ufb01cant concentration of credit risk, </div>\n<div class=\"t s8_194\" id=\"te_194\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with exposure spread over a large number of customers and geographies. Furthermore, the Group\u2019s principal customers are backed </div>\n<div class=\"t s8_194\" id=\"tf_194\" style=\"left:53px;bottom:796px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by government and public or private medical insurance funding, which historically represent a lower risk of default. The maximum </div>\n<div class=\"t s8_194\" id=\"tg_194\" style=\"left:53px;bottom:781px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">exposure to credit risk at the reporting date is the fair value of each class of\u00a0receivable. The Group does not hold any collateral as </div>\n<div class=\"t s8_194\" id=\"th_194\" style=\"left:53px;bottom:765px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">security. Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on </div>\n<div class=\"t s8_194\" id=\"ti_194\" style=\"left:53px;bottom:750px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">credit risk. The Group performed the calculation of expected credit loss rates separately for customer groups which were segmented </div>\n<div class=\"t s8_194\" id=\"tj_194\" style=\"left:53px;bottom:735px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">based on common risk characteristics such as credit risk grade and type of customer (such as government and non-government). </div>\n<div class=\"t s9_194\" id=\"tk_194\" style=\"left:671px;bottom:699px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tl_194\" style=\"left:674px;bottom:699px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tm_194\" style=\"left:727px;bottom:699px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_194\" id=\"tn_194\" style=\"left:813px;bottom:699px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s9_194\" id=\"to_194\" style=\"left:671px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tp_194\" style=\"left:674px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tq_194\" style=\"left:676px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tr_194\" style=\"left:678px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"ts_194\" style=\"left:711px;bottom:687px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"tt_194\" style=\"left:758px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tu_194\" style=\"left:760px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tv_194\" style=\"left:763px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tw_194\" style=\"left:765px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"tx_194\" style=\"left:798px;bottom:687px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"ty_194\" style=\"left:844px;bottom:687px;display:inline;\">\u00a0</div>\n<div class=\"t sa_194\" id=\"tz_194\" style=\"left:48px;bottom:667px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Trade and other receivables due within one year </div>\n<div class=\"t sb_194\" id=\"t10_194\" style=\"left:43px;bottom:649px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Trade receivables </div><div class=\"t sc_194\" id=\"t11_194\" style=\"left:717px;bottom:649px;letter-spacing:-0.19px;display:inline;\">1,076 </div><div class=\"t sb_194\" id=\"t12_194\" style=\"left:807px;bottom:649px;letter-spacing:-0.3px;display:inline;\">1,028 </div>\n<div class=\"t sb_194\" id=\"t13_194\" style=\"left:43px;bottom:630px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Less: loss allowance </div><div class=\"t sc_194\" id=\"t14_194\" style=\"left:732px;bottom:630px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_194\" id=\"t15_194\" style=\"left:820px;bottom:630px;letter-spacing:0.02px;display:inline;\">(57) </div>\n<div class=\"t sb_194\" id=\"t16_194\" style=\"left:43px;bottom:612px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t sc_194\" id=\"t17_194\" style=\"left:717px;bottom:612px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t sb_194\" id=\"t18_194\" style=\"left:817px;bottom:612px;letter-spacing:-0.57px;display:inline;\">971 </div>\n<div class=\"t sb_194\" id=\"t19_194\" style=\"left:43px;bottom:593px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t sc_194\" id=\"t1a_194\" style=\"left:737px;bottom:593px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t sb_194\" id=\"t1b_194\" style=\"left:824px;bottom:593px;letter-spacing:-0.23px;display:inline;\">39 </div>\n<div class=\"t sb_194\" id=\"t1c_194\" style=\"left:43px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other receivables </div><div class=\"t sc_194\" id=\"t1d_194\" style=\"left:729px;bottom:575px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sb_194\" id=\"t1e_194\" style=\"left:824px;bottom:575px;letter-spacing:-0.23px;display:inline;\">95 </div>\n<div class=\"t sb_194\" id=\"t1f_194\" style=\"left:43px;bottom:556px;letter-spacing:0.17px;display:inline;\">Prepayments </div><div class=\"t sc_194\" id=\"t1g_194\" style=\"left:737px;bottom:556px;letter-spacing:-0.61px;display:inline;\">76 </div><div class=\"t sb_194\" id=\"t1h_194\" style=\"left:824px;bottom:556px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t sc_194\" id=\"t1i_194\" style=\"left:716px;bottom:538px;letter-spacing:0.02px;display:inline;\">1,264 </div><div class=\"t sb_194\" id=\"t1j_194\" style=\"left:807px;bottom:538px;letter-spacing:-0.22px;display:inline;\">1,184 </div>\n<div class=\"t sa_194\" id=\"t1k_194\" style=\"left:48px;bottom:520px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Due a\ufb05er more than one year </div>\n<div class=\"t sb_194\" id=\"t1l_194\" style=\"left:43px;bottom:501px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Other non-current assets </div><div class=\"t sc_194\" id=\"t1m_194\" style=\"left:737px;bottom:501px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t sb_194\" id=\"t1n_194\" style=\"left:824px;bottom:501px;letter-spacing:-0.24px;display:inline;\">15 </div>\n<div class=\"t sc_194\" id=\"t1o_194\" style=\"left:717px;bottom:483px;letter-spacing:-0.17px;display:inline;\">1,276 </div><div class=\"t sb_194\" id=\"t1p_194\" style=\"left:807px;bottom:483px;letter-spacing:-0.25px;display:inline;\">1,199 </div>\n<div class=\"t sb_194\" id=\"t1q_194\" style=\"left:43px;bottom:454px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Other non-current assets primarily relate to long-term prepayments and contingent consideration. Trade receivables are classi\ufb01ed </div>\n<div class=\"t sb_194\" id=\"t1r_194\" style=\"left:43px;bottom:439px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">as\u00a0loans and receivables. Management considers that the carrying amount of trade and other receivables\u00a0approximates the fair value. </div>\n<div class=\"t sb_194\" id=\"t1s_194\" style=\"left:43px;bottom:423px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on credit risk. </div>\n<div class=\"t sb_194\" id=\"t1t_194\" style=\"left:43px;bottom:408px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">The loss allowance relating to other receivables is de minimis. </div>\n<div class=\"t sb_194\" id=\"t1u_194\" style=\"left:43px;bottom:384px;letter-spacing:0.02px;word-spacing:0.02px;display:inline;\">The loss allowance expense for the year was $4m (2021: $3m, 2020: $25m). </div>\n<div class=\"t sb_194\" id=\"t1v_194\" style=\"left:43px;bottom:360px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The following table provides information about the ageing of and expected credit losses for trade receivables: </div>\n<div class=\"t s9_194\" id=\"t1w_194\" style=\"left:503px;bottom:338px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">2022 Weighted </div>\n<div class=\"t s9_194\" id=\"t1x_194\" style=\"left:520px;bottom:326px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">average loss </div>\n<div class=\"t s9_194\" id=\"t1y_194\" style=\"left:560px;bottom:313px;letter-spacing:-0.15px;display:inline;\">rate </div>\n<div class=\"t s9_194\" id=\"t1z_194\" style=\"left:615px;bottom:326px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">2022 Loss </div>\n<div class=\"t s9_194\" id=\"t20_194\" style=\"left:617px;bottom:313px;letter-spacing:-0.12px;display:inline;\">allowance </div>\n<div class=\"t s9_194\" id=\"t21_194\" style=\"left:696px;bottom:338px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">2022 Gross </div>\n<div class=\"t s9_194\" id=\"t22_194\" style=\"left:713px;bottom:326px;letter-spacing:-0.02px;display:inline;\">carrying </div>\n<div class=\"t s9_194\" id=\"t23_194\" style=\"left:715px;bottom:313px;letter-spacing:-0.1px;display:inline;\">amount </div>\n<div class=\"t s9_194\" id=\"t24_194\" style=\"left:783px;bottom:338px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">2021 Gross </div>\n<div class=\"t s9_194\" id=\"t25_194\" style=\"left:799px;bottom:326px;letter-spacing:-0.02px;display:inline;\">carrying </div>\n<div class=\"t s9_194\" id=\"t26_194\" style=\"left:802px;bottom:313px;letter-spacing:-0.09px;display:inline;\">amount\u00a0</div>\n<div class=\"t s9_194\" id=\"t27_194\" style=\"left:494px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t28_194\" style=\"left:496px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t29_194\" style=\"left:498px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2a_194\" style=\"left:501px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2b_194\" style=\"left:570px;bottom:301px;display:inline;\">%\u00a0</div><div class=\"t s9_194\" id=\"t2c_194\" style=\"left:587px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2d_194\" style=\"left:589px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2e_194\" style=\"left:592px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2f_194\" style=\"left:625px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2g_194\" style=\"left:671px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2h_194\" style=\"left:674px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2i_194\" style=\"left:676px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2j_194\" style=\"left:678px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2k_194\" style=\"left:711px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2l_194\" style=\"left:758px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2m_194\" style=\"left:760px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2n_194\" style=\"left:763px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2o_194\" style=\"left:765px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s9_194\" id=\"t2p_194\" style=\"left:798px;bottom:301px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_194\" id=\"t2q_194\" style=\"left:844px;bottom:301px;display:inline;\">\u00a0</div>\n<div class=\"t sb_194\" id=\"t2r_194\" style=\"left:43px;bottom:282px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Not past due </div><div class=\"t sc_194\" id=\"t2s_194\" style=\"left:541px;bottom:282px;letter-spacing:0.17px;display:inline;\">-0.3% </div><div class=\"t sc_194\" id=\"t2t_194\" style=\"left:653px;bottom:282px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sc_194\" id=\"t2u_194\" style=\"left:729px;bottom:282px;letter-spacing:-0.52px;display:inline;\">610 </div><div class=\"t sb_194\" id=\"t2v_194\" style=\"left:817px;bottom:282px;letter-spacing:-0.37px;display:inline;\">595 </div>\n<div class=\"t sb_194\" id=\"t2w_194\" style=\"left:43px;bottom:263px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Past due not more than 3 months </div><div class=\"t sc_194\" id=\"t2x_194\" style=\"left:542px;bottom:263px;letter-spacing:0.06px;display:inline;\">-0.4% </div><div class=\"t sc_194\" id=\"t2y_194\" style=\"left:654px;bottom:263px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sc_194\" id=\"t2z_194\" style=\"left:729px;bottom:263px;letter-spacing:-0.37px;display:inline;\">228 </div><div class=\"t sb_194\" id=\"t30_194\" style=\"left:818px;bottom:263px;letter-spacing:-0.81px;display:inline;\">217 </div>\n<div class=\"t sb_194\" id=\"t31_194\" style=\"left:43px;bottom:245px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Past due more than 3 months </div><div class=\"t sc_194\" id=\"t32_194\" style=\"left:542px;bottom:245px;letter-spacing:-0.07px;display:inline;\">-1.0% </div><div class=\"t sc_194\" id=\"t33_194\" style=\"left:654px;bottom:245px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sc_194\" id=\"t34_194\" style=\"left:737px;bottom:245px;letter-spacing:-0.46px;display:inline;\">97 </div><div class=\"t sb_194\" id=\"t35_194\" style=\"left:824px;bottom:245px;letter-spacing:0.03px;display:inline;\">88 </div>\n<div class=\"t sb_194\" id=\"t36_194\" style=\"left:43px;bottom:226px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Past due more than 6 months </div><div class=\"t sc_194\" id=\"t37_194\" style=\"left:534px;bottom:226px;letter-spacing:-0.08px;display:inline;\">-31.9% </div><div class=\"t sc_194\" id=\"t38_194\" style=\"left:645px;bottom:226px;letter-spacing:-0.34px;display:inline;\">(45) </div><div class=\"t sc_194\" id=\"t39_194\" style=\"left:729px;bottom:226px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t sb_194\" id=\"t3a_194\" style=\"left:817px;bottom:226px;letter-spacing:-0.4px;display:inline;\">128 </div>\n<div class=\"t sc_194\" id=\"t3b_194\" style=\"left:646px;bottom:208px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sc_194\" id=\"t3c_194\" style=\"left:717px;bottom:208px;letter-spacing:-0.19px;display:inline;\">1,076 </div><div class=\"t sb_194\" id=\"t3d_194\" style=\"left:807px;bottom:208px;letter-spacing:-0.3px;display:inline;\">1,028 </div>\n<div class=\"t sb_194\" id=\"t3e_194\" style=\"left:43px;bottom:190px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Loss allowance </div><div class=\"t sc_194\" id=\"t3f_194\" style=\"left:732px;bottom:190px;letter-spacing:-0.35px;display:inline;\">(49) </div><div class=\"t sb_194\" id=\"t3g_194\" style=\"left:820px;bottom:190px;letter-spacing:0.02px;display:inline;\">(57) </div>\n<div class=\"t sb_194\" id=\"t3h_194\" style=\"left:43px;bottom:171px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t sc_194\" id=\"t3i_194\" style=\"left:717px;bottom:171px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t sb_194\" id=\"t3j_194\" style=\"left:817px;bottom:171px;letter-spacing:-0.57px;display:inline;\">971 </div>\n<div class=\"t sd_194\" id=\"t3k_194\" style=\"left:43px;bottom:11px;letter-spacing:-1.25px;display:inline;\">192 </div><div class=\"t se_194\" id=\"t3l_194\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sf_194\" id=\"t3m_194\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_195\" id=\"t1_195\" style=\"left:65px;bottom:958px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group\u2019s expected credit loss accounting policy includes guidance on how the expected credit loss percentages should be </div>\n<div class=\"t s1_195\" id=\"t2_195\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">determined; it\u00a0does not include preset limits as the customer groups and risk pro\ufb01les are not consistent across all of our markets. </div>\n<div class=\"t s1_195\" id=\"t3_195\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Each market determines their own percentages based on historic experience and future expectations, and in line with the </div>\n<div class=\"t s1_195\" id=\"t4_195\" style=\"left:65px;bottom:912px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">general\u00a0guidance in\u00a0the Group\u2019s policy. </div>\n<div class=\"t s1_195\" id=\"t5_195\" style=\"left:65px;bottom:888px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Movements in the loss allowance were as follows: </div>\n<div class=\"t s2_195\" id=\"t6_195\" style=\"left:693px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t7_195\" style=\"left:695px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t8_195\" style=\"left:748px;bottom:875px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_195\" id=\"t9_195\" style=\"left:782px;bottom:875px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"ta_195\" style=\"left:835px;bottom:875px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"tb_195\" style=\"left:693px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tc_195\" style=\"left:695px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"td_195\" style=\"left:698px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"te_195\" style=\"left:700px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tf_195\" style=\"left:733px;bottom:862px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"tg_195\" style=\"left:780px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"th_195\" style=\"left:782px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"ti_195\" style=\"left:784px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tj_195\" style=\"left:787px;bottom:862px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"tk_195\" style=\"left:820px;bottom:862px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"tl_195\" style=\"left:866px;bottom:862px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"tm_195\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s1_195\" id=\"tn_195\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"to_195\" style=\"left:759px;bottom:843px;letter-spacing:-0.61px;display:inline;\">57 </div><div class=\"t s1_195\" id=\"tp_195\" style=\"left:783px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"tq_195\" style=\"left:846px;bottom:843px;letter-spacing:-0.51px;display:inline;\">71 </div>\n<div class=\"t s1_195\" id=\"tr_195\" style=\"left:65px;bottom:824px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s1_195\" id=\"ts_195\" style=\"left:693px;bottom:824px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"tt_195\" style=\"left:762px;bottom:824px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s1_195\" id=\"tu_195\" style=\"left:783px;bottom:824px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"tv_195\" style=\"left:850px;bottom:824px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s1_195\" id=\"tw_195\" style=\"left:65px;bottom:806px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Net receivables provided during the\u00a0year </div><div class=\"t s1_195\" id=\"tx_195\" style=\"left:693px;bottom:806px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"ty_195\" style=\"left:767px;bottom:806px;display:inline;\">4 </div><div class=\"t s1_195\" id=\"tz_195\" style=\"left:783px;bottom:806px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t10_195\" style=\"left:854px;bottom:806px;display:inline;\">3 </div>\n<div class=\"t s1_195\" id=\"t11_195\" style=\"left:65px;bottom:787px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Utilisation of provision </div><div class=\"t s1_195\" id=\"t12_195\" style=\"left:693px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t13_195\" style=\"left:762px;bottom:787px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s1_195\" id=\"t14_195\" style=\"left:783px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t15_195\" style=\"left:843px;bottom:787px;letter-spacing:-0.35px;display:inline;\">(14) </div>\n<div class=\"t s1_195\" id=\"t16_195\" style=\"left:65px;bottom:769px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s1_195\" id=\"t17_195\" style=\"left:693px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t18_195\" style=\"left:758px;bottom:769px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s1_195\" id=\"t19_195\" style=\"left:782px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1a_195\" style=\"left:846px;bottom:769px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s1_195\" id=\"t1b_195\" style=\"left:65px;bottom:740px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Trade receivables include amounts denominated in the following major currencies: </div>\n<div class=\"t s2_195\" id=\"t1c_195\" style=\"left:693px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1d_195\" style=\"left:695px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1e_195\" style=\"left:748px;bottom:727px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s2_195\" id=\"t1f_195\" style=\"left:782px;bottom:727px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1g_195\" style=\"left:835px;bottom:727px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"t1h_195\" style=\"left:693px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1i_195\" style=\"left:695px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1j_195\" style=\"left:698px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1k_195\" style=\"left:700px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1l_195\" style=\"left:733px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t1m_195\" style=\"left:780px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1n_195\" style=\"left:782px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1o_195\" style=\"left:784px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1p_195\" style=\"left:787px;bottom:714px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t1q_195\" style=\"left:820px;bottom:714px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t1r_195\" style=\"left:866px;bottom:714px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t1s_195\" style=\"left:65px;bottom:695px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s3_195\" id=\"t1t_195\" style=\"left:750px;bottom:695px;letter-spacing:-0.14px;display:inline;\">465 </div><div class=\"t s1_195\" id=\"t1u_195\" style=\"left:780px;bottom:695px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1v_195\" style=\"left:839px;bottom:695px;letter-spacing:-0.44px;display:inline;\">429 </div>\n<div class=\"t s1_195\" id=\"t1w_195\" style=\"left:65px;bottom:676px;letter-spacing:0.09px;display:inline;\">Sterling </div><div class=\"t s3_195\" id=\"t1x_195\" style=\"left:758px;bottom:676px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t s1_195\" id=\"t1y_195\" style=\"left:780px;bottom:676px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t1z_195\" style=\"left:846px;bottom:676px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s1_195\" id=\"t20_195\" style=\"left:65px;bottom:658px;letter-spacing:0.02px;display:inline;\">Euro </div><div class=\"t s3_195\" id=\"t21_195\" style=\"left:750px;bottom:658px;letter-spacing:-0.47px;display:inline;\">215 </div><div class=\"t s1_195\" id=\"t22_195\" style=\"left:780px;bottom:658px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t23_195\" style=\"left:839px;bottom:658px;letter-spacing:-0.46px;display:inline;\">201 </div>\n<div class=\"t s1_195\" id=\"t24_195\" style=\"left:65px;bottom:639px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s3_195\" id=\"t25_195\" style=\"left:750px;bottom:639px;letter-spacing:-0.52px;display:inline;\">310 </div><div class=\"t s1_195\" id=\"t26_195\" style=\"left:780px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t27_195\" style=\"left:838px;bottom:639px;letter-spacing:-0.27px;display:inline;\">307 </div>\n<div class=\"t s1_195\" id=\"t28_195\" style=\"left:65px;bottom:621px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade receivables\u00a0\u2013 net </div><div class=\"t s3_195\" id=\"t29_195\" style=\"left:739px;bottom:621px;letter-spacing:-0.17px;display:inline;\">1,027 </div><div class=\"t s1_195\" id=\"t2a_195\" style=\"left:780px;bottom:621px;display:inline;\">\u00a0</div> 971",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24030": {
   "value": "Accounting policy <div class=\"t s8_194\" id=\"t8_194\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Trade and other receivables are carried at amortised cost, less any allowances for uncollectable amounts. They are included </div>\n<div class=\"t s8_194\" id=\"t9_194\" style=\"left:53px;bottom:896px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0current\u00a0assets, except for maturities greater than 12 months a\ufb05er the balance sheet date when they are classi\ufb01ed as </div>\n<div class=\"t s8_194\" id=\"ta_194\" style=\"left:53px;bottom:881px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">non-current assets. </div>\n<div class=\"t s8_194\" id=\"tb_194\" style=\"left:53px;bottom:857px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Group manages credit risk through credit limits which require authorisation commensurate with the size of the limit and </div>\n<div class=\"t s8_194\" id=\"tc_194\" style=\"left:53px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which are regularly reviewed. Credit limit decisions are made based on available \ufb01nancial information and the business case. </div>\n<div class=\"t s8_194\" id=\"td_194\" style=\"left:53px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Signi\ufb01cant receivables are regularly reviewed and monitored at Group level. The Group has no signi\ufb01cant concentration of credit risk, </div>\n<div class=\"t s8_194\" id=\"te_194\" style=\"left:53px;bottom:811px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">with exposure spread over a large number of customers and geographies. Furthermore, the Group\u2019s principal customers are backed </div>\n<div class=\"t s8_194\" id=\"tf_194\" style=\"left:53px;bottom:796px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">by government and public or private medical insurance funding, which historically represent a lower risk of default. The maximum </div>\n<div class=\"t s8_194\" id=\"tg_194\" style=\"left:53px;bottom:781px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">exposure to credit risk at the reporting date is the fair value of each class of\u00a0receivable. The Group does not hold any collateral as </div>\n<div class=\"t s8_194\" id=\"th_194\" style=\"left:53px;bottom:765px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">security. Allowance losses are calculated by reviewing lifetime expected credit losses using historic and forward-looking data on </div>\n<div class=\"t s8_194\" id=\"ti_194\" style=\"left:53px;bottom:750px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">credit risk. The Group performed the calculation of expected credit loss rates separately for customer groups which were segmented </div>\nbased on common risk characteristics such as credit risk grade and type of customer (such as government and non-government). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24252": {
   "value": "14 <div class=\"t s5_195\" id=\"t2d_195\" style=\"left:87px;bottom:589px;letter-spacing:-0.12px;word-spacing:0.02px;display:inline;\">Trade and other payables </div>\n<div class=\"t s2_195\" id=\"t2e_195\" style=\"left:693px;bottom:568px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2f_195\" style=\"left:695px;bottom:568px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2g_195\" style=\"left:748px;bottom:568px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_195\" id=\"t2h_195\" style=\"left:835px;bottom:568px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s2_195\" id=\"t2i_195\" style=\"left:693px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2j_195\" style=\"left:695px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2k_195\" style=\"left:698px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2l_195\" style=\"left:700px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2m_195\" style=\"left:733px;bottom:556px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_195\" id=\"t2n_195\" style=\"left:780px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2o_195\" style=\"left:782px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2p_195\" style=\"left:784px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2q_195\" style=\"left:787px;bottom:556px;display:inline;\">\u00a0</div><div class=\"t s2_195\" id=\"t2r_195\" style=\"left:820px;bottom:556px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s6_195\" id=\"t2s_195\" style=\"left:69px;bottom:536px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other payables due within one\u00a0year </div><div class=\"t s3_195\" id=\"t2t_195\" style=\"left:764px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t2u_195\" style=\"left:766px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t2v_195\" style=\"left:850px;bottom:536px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t2w_195\" style=\"left:853px;bottom:536px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t2x_195\" style=\"left:65px;bottom:518px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s3_195\" id=\"t2y_195\" style=\"left:738px;bottom:518px;letter-spacing:-0.12px;display:inline;\">1,029 </div><div class=\"t s1_195\" id=\"t2z_195\" style=\"left:828px;bottom:518px;letter-spacing:-0.12px;display:inline;\">1,043 </div>\n<div class=\"t s1_195\" id=\"t30_195\" style=\"left:65px;bottom:499px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t s3_195\" id=\"t31_195\" style=\"left:758px;bottom:499px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t s1_195\" id=\"t32_195\" style=\"left:846px;bottom:499px;letter-spacing:-0.45px;display:inline;\">19 </div>\n<div class=\"t s1_195\" id=\"t33_195\" style=\"left:65px;bottom:481px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s3_195\" id=\"t34_195\" style=\"left:758px;bottom:481px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t s1_195\" id=\"t35_195\" style=\"left:846px;bottom:481px;letter-spacing:-0.04px;display:inline;\">34 </div>\n<div class=\"t s3_195\" id=\"t36_195\" style=\"left:738px;bottom:462px;letter-spacing:0.03px;display:inline;\">1,098 </div><div class=\"t s1_195\" id=\"t37_195\" style=\"left:828px;bottom:462px;letter-spacing:-0.06px;display:inline;\">1,096 </div>\n<div class=\"t s6_195\" id=\"t38_195\" style=\"left:69px;bottom:444px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Other payables due a\ufb05er one\u00a0year </div><div class=\"t s3_195\" id=\"t39_195\" style=\"left:764px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s3_195\" id=\"t3a_195\" style=\"left:766px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t3b_195\" style=\"left:850px;bottom:444px;display:inline;\">\u00a0</div><div class=\"t s1_195\" id=\"t3c_195\" style=\"left:853px;bottom:444px;display:inline;\">\u00a0</div>\n<div class=\"t s1_195\" id=\"t3d_195\" style=\"left:65px;bottom:425px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s3_195\" id=\"t3e_195\" style=\"left:758px;bottom:425px;letter-spacing:-0.16px;display:inline;\">66 </div><div class=\"t s1_195\" id=\"t3f_195\" style=\"left:846px;bottom:425px;letter-spacing:-0.51px;display:inline;\">57 </div>\n<div class=\"t s1_195\" id=\"t3g_195\" style=\"left:65px;bottom:407px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Derivatives\u00a0\u2013 forward foreign exchange, currency swaps and interest rate contracts </div><div class=\"t s3_195\" id=\"t3h_195\" style=\"left:758px;bottom:407px;letter-spacing:-0.24px;display:inline;\">13 </div><div class=\"t s1_195\" id=\"t3i_195\" style=\"left:853px;bottom:407px;display:inline;\">\u2013 </div>\n<div class=\"t s1_195\" id=\"t3j_195\" style=\"left:65px;bottom:389px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Other payables </div><div class=\"t s3_195\" id=\"t3k_195\" style=\"left:759px;bottom:389px;letter-spacing:-0.68px;display:inline;\">11 </div><div class=\"t s1_195\" id=\"t3l_195\" style=\"left:846px;bottom:389px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_195\" id=\"t3m_195\" style=\"left:758px;bottom:370px;letter-spacing:0.05px;display:inline;\">90 </div><div class=\"t s1_195\" id=\"t3n_195\" style=\"left:846px;bottom:370px;letter-spacing:-0.36px;display:inline;\">67 </div>\n<div class=\"t s1_195\" id=\"t3o_195\" style=\"left:65px;bottom:341px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">The acquisition consideration includes $78m (2021: $84m) contingent upon future events. </div>\n<div class=\"t s1_195\" id=\"t3p_195\" style=\"left:65px;bottom:317px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The acquisition consideration due a\ufb05er more than one year is expected to be payable as follows: $29m in 2024, $35m in 2025 </div>\nand\u00a0$2m\u00a0in\u00a02026 (2021: $18m in 2023, $15m in 2024, $21m\u00a0in\u00a02025 and $3m due in over \ufb01ve years). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24326": {
   "value": "15 <div class=\"t s6_196\" id=\"t6_196\" style=\"left:66px;bottom:956px;word-spacing:-0.09px;display:inline;\">Cash and borrowings </div>\n<div class=\"t s7_196\" id=\"t7_196\" style=\"left:43px;bottom:938px;letter-spacing:-0.44px;display:inline;\">15.1 </div><div class=\"t s8_196\" id=\"t8_196\" style=\"left:74px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Net debt </div>\n<div class=\"t s9_196\" id=\"t9_196\" style=\"left:43px;bottom:921px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Net debt comprises borrowings and credit balances on currency swaps less cash at bank. </div>\n<div class=\"t sa_196\" id=\"ta_196\" style=\"left:671px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tb_196\" style=\"left:674px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tc_196\" style=\"left:727px;bottom:899px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sa_196\" id=\"td_196\" style=\"left:813px;bottom:899px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t sa_196\" id=\"te_196\" style=\"left:671px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tf_196\" style=\"left:674px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tg_196\" style=\"left:676px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"th_196\" style=\"left:678px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"ti_196\" style=\"left:711px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"tj_196\" style=\"left:758px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tk_196\" style=\"left:760px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tl_196\" style=\"left:763px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tm_196\" style=\"left:765px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tn_196\" style=\"left:798px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"to_196\" style=\"left:844px;bottom:887px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"tp_196\" style=\"left:43px;bottom:867px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s, borrowings and loans due within one\u00a0year </div><div class=\"t sb_196\" id=\"tq_196\" style=\"left:729px;bottom:867px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t s9_196\" id=\"tr_196\" style=\"left:817px;bottom:867px;letter-spacing:-0.25px;display:inline;\">435 </div>\n<div class=\"t s9_196\" id=\"ts_196\" style=\"left:43px;bottom:849px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Long-term bank borrowings </div><div class=\"t sb_196\" id=\"tt_196\" style=\"left:746px;bottom:849px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"tu_196\" style=\"left:817px;bottom:849px;letter-spacing:-0.24px;display:inline;\">554 </div>\n<div class=\"t s9_196\" id=\"tv_196\" style=\"left:43px;bottom:830px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"tw_196\" style=\"left:717px;bottom:830px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t s9_196\" id=\"tx_196\" style=\"left:817px;bottom:830px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"ty_196\" style=\"left:43px;bottom:812px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"tz_196\" style=\"left:716px;bottom:812px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t s9_196\" id=\"t10_196\" style=\"left:807px;bottom:812px;letter-spacing:-0.3px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t11_196\" style=\"left:43px;bottom:793px;letter-spacing:0.16px;display:inline;\">Borrowings </div><div class=\"t sb_196\" id=\"t12_196\" style=\"left:717px;bottom:793px;letter-spacing:-0.24px;display:inline;\">2,676 </div><div class=\"t s9_196\" id=\"t13_196\" style=\"left:807px;bottom:793px;letter-spacing:-0.43px;display:inline;\">3,142 </div>\n<div class=\"t s9_196\" id=\"t14_196\" style=\"left:43px;bottom:775px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_196\" id=\"t15_196\" style=\"left:723px;bottom:775px;letter-spacing:-0.15px;display:inline;\">(350) </div><div class=\"t s9_196\" id=\"t16_196\" style=\"left:802px;bottom:775px;letter-spacing:-0.09px;display:inline;\">(1,290) </div>\n<div class=\"t s9_196\" id=\"t17_196\" style=\"left:43px;bottom:756px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Credit balance on derivatives\u00a0\u2013 interest rate swaps </div><div class=\"t sb_196\" id=\"t18_196\" style=\"left:737px;bottom:756px;letter-spacing:-0.24px;display:inline;\">13 </div><div class=\"t s9_196\" id=\"t19_196\" style=\"left:832px;bottom:756px;display:inline;\">\u2013 </div>\n<div class=\"t s9_196\" id=\"t1a_196\" style=\"left:43px;bottom:738px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Net debt </div><div class=\"t sb_196\" id=\"t1b_196\" style=\"left:716px;bottom:738px;letter-spacing:-0.01px;display:inline;\">2,339 </div><div class=\"t s9_196\" id=\"t1c_196\" style=\"left:806px;bottom:738px;letter-spacing:-0.19px;display:inline;\">1,852 </div>\n<div class=\"t s9_196\" id=\"t1d_196\" style=\"left:43px;bottom:720px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-current lease liabilities </div><div class=\"t sb_196\" id=\"t1e_196\" style=\"left:729px;bottom:720px;letter-spacing:-0.49px;display:inline;\">147 </div><div class=\"t s9_196\" id=\"t1f_196\" style=\"left:818px;bottom:720px;letter-spacing:-0.78px;display:inline;\">141 </div>\n<div class=\"t s9_196\" id=\"t1g_196\" style=\"left:43px;bottom:701px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Current lease liabilities </div><div class=\"t sb_196\" id=\"t1h_196\" style=\"left:737px;bottom:701px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s9_196\" id=\"t1i_196\" style=\"left:824px;bottom:701px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t s9_196\" id=\"t1j_196\" style=\"left:43px;bottom:683px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">Net debt including lease liabilities </div><div class=\"t sb_196\" id=\"t1k_196\" style=\"left:716px;bottom:683px;letter-spacing:-0.03px;display:inline;\">2,535 </div><div class=\"t s9_196\" id=\"t1l_196\" style=\"left:806px;bottom:683px;letter-spacing:-0.15px;display:inline;\">2,049 </div>\n<div class=\"t s9_196\" id=\"t1m_196\" style=\"left:43px;bottom:654px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Borrowings are repayable as follows: </div>\n<div class=\"t sa_196\" id=\"t1n_196\" style=\"left:287px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Within </div><div class=\"t sa_196\" id=\"t1o_196\" style=\"left:363px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1p_196\" style=\"left:449px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1q_196\" style=\"left:536px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1r_196\" style=\"left:623px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1s_196\" style=\"left:758px;bottom:632px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t1t_196\" style=\"left:760px;bottom:632px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t1u_196\" style=\"left:266px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">one\u00a0year\u00a0or </div><div class=\"t sa_196\" id=\"t1v_196\" style=\"left:369px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">one\u00a0and </div><div class=\"t sa_196\" id=\"t1w_196\" style=\"left:454px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">two\u00a0and </div><div class=\"t sa_196\" id=\"t1x_196\" style=\"left:533px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">three\u00a0and </div><div class=\"t sa_196\" id=\"t1y_196\" style=\"left:626px;bottom:619px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">four\u00a0and </div><div class=\"t sa_196\" id=\"t1z_196\" style=\"left:728px;bottom:619px;letter-spacing:-0.17px;display:inline;\">A\ufb05er </div><div class=\"t sa_196\" id=\"t20_196\" style=\"left:844px;bottom:619px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t21_196\" style=\"left:266px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.17px;display:inline;\">on\u00a0demand </div><div class=\"t sa_196\" id=\"t22_196\" style=\"left:359px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">two\u00a0years </div><div class=\"t sa_196\" id=\"t23_196\" style=\"left:438px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">three\u00a0years </div><div class=\"t sa_196\" id=\"t24_196\" style=\"left:531px;bottom:607px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">four\u00a0years </div><div class=\"t sa_196\" id=\"t25_196\" style=\"left:620px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t26_196\" style=\"left:706px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t27_196\" style=\"left:815px;bottom:607px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sa_196\" id=\"t28_196\" style=\"left:238px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t29_196\" style=\"left:241px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2a_196\" style=\"left:243px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2b_196\" style=\"left:245px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2c_196\" style=\"left:278px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2d_196\" style=\"left:325px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2e_196\" style=\"left:327px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2f_196\" style=\"left:329px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2g_196\" style=\"left:332px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2h_196\" style=\"left:365px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2i_196\" style=\"left:411px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2j_196\" style=\"left:414px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2k_196\" style=\"left:416px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2l_196\" style=\"left:418px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2m_196\" style=\"left:452px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2n_196\" style=\"left:498px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2o_196\" style=\"left:500px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2p_196\" style=\"left:503px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2q_196\" style=\"left:505px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2r_196\" style=\"left:538px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2s_196\" style=\"left:585px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2t_196\" style=\"left:587px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2u_196\" style=\"left:589px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2v_196\" style=\"left:592px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2w_196\" style=\"left:625px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2x_196\" style=\"left:671px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2y_196\" style=\"left:674px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2z_196\" style=\"left:676px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t30_196\" style=\"left:678px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t31_196\" style=\"left:711px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t32_196\" style=\"left:758px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t33_196\" style=\"left:760px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t34_196\" style=\"left:763px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t35_196\" style=\"left:765px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t36_196\" style=\"left:798px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t37_196\" style=\"left:844px;bottom:595px;display:inline;\">\u00a0</div>\n<div class=\"t sc_196\" id=\"t38_196\" style=\"left:48px;bottom:575px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s9_196\" id=\"t39_196\" style=\"left:309px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3a_196\" style=\"left:312px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3b_196\" style=\"left:395px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3c_196\" style=\"left:398px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3d_196\" style=\"left:482px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3e_196\" style=\"left:485px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3f_196\" style=\"left:568px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3g_196\" style=\"left:571px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3h_196\" style=\"left:655px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3i_196\" style=\"left:658px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3j_196\" style=\"left:742px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3k_196\" style=\"left:745px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3l_196\" style=\"left:828px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3m_196\" style=\"left:831px;bottom:575px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t3n_196\" style=\"left:43px;bottom:557px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_196\" id=\"t3o_196\" style=\"left:312px;bottom:557px;display:inline;\">6 </div><div class=\"t sb_196\" id=\"t3p_196\" style=\"left:399px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3q_196\" style=\"left:486px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3r_196\" style=\"left:572px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3s_196\" style=\"left:659px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3t_196\" style=\"left:746px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3u_196\" style=\"left:831px;bottom:557px;display:inline;\">6 </div>\n<div class=\"t s9_196\" id=\"t3v_196\" style=\"left:43px;bottom:539px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"t3w_196\" style=\"left:312px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3x_196\" style=\"left:399px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3y_196\" style=\"left:486px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3z_196\" style=\"left:572px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t40_196\" style=\"left:659px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t41_196\" style=\"left:717px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t sb_196\" id=\"t42_196\" style=\"left:803px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div>\n<div class=\"t s9_196\" id=\"t43_196\" style=\"left:43px;bottom:520px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"t44_196\" style=\"left:295px;bottom:520px;letter-spacing:-0.25px;display:inline;\">105 </div><div class=\"t sb_196\" id=\"t45_196\" style=\"left:381px;bottom:520px;letter-spacing:-0.09px;display:inline;\">430 </div><div class=\"t sb_196\" id=\"t46_196\" style=\"left:486px;bottom:520px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t47_196\" style=\"left:563px;bottom:520px;letter-spacing:-0.42px;display:inline;\">75 </div><div class=\"t sb_196\" id=\"t48_196\" style=\"left:641px;bottom:520px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_196\" id=\"t49_196\" style=\"left:729px;bottom:520px;letter-spacing:-0.5px;display:inline;\">410 </div><div class=\"t sb_196\" id=\"t4a_196\" style=\"left:803px;bottom:520px;letter-spacing:-0.1px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t4b_196\" style=\"left:43px;bottom:502px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t4c_196\" style=\"left:131px;bottom:509px;display:inline;\">1 </div>\n<div class=\"t sb_196\" id=\"t4d_196\" style=\"left:303px;bottom:502px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t sb_196\" id=\"t4e_196\" style=\"left:390px;bottom:502px;letter-spacing:-0.49px;display:inline;\">42 </div><div class=\"t sb_196\" id=\"t4f_196\" style=\"left:477px;bottom:502px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4g_196\" style=\"left:563px;bottom:502px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sb_196\" id=\"t4h_196\" style=\"left:650px;bottom:502px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t sb_196\" id=\"t4i_196\" style=\"left:737px;bottom:502px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t sb_196\" id=\"t4j_196\" style=\"left:815px;bottom:502px;letter-spacing:-0.55px;display:inline;\">210 </div>\n<div class=\"t sb_196\" id=\"t4k_196\" style=\"left:295px;bottom:483px;letter-spacing:-0.3px;display:inline;\">160 </div><div class=\"t sb_196\" id=\"t4l_196\" style=\"left:382px;bottom:483px;letter-spacing:-0.44px;display:inline;\">472 </div><div class=\"t sb_196\" id=\"t4m_196\" style=\"left:477px;bottom:483px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4n_196\" style=\"left:563px;bottom:483px;letter-spacing:-0.15px;display:inline;\">99 </div><div class=\"t sb_196\" id=\"t4o_196\" style=\"left:642px;bottom:483px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_196\" id=\"t4p_196\" style=\"left:716px;bottom:483px;letter-spacing:-0.01px;display:inline;\">1,965 </div><div class=\"t sb_196\" id=\"t4q_196\" style=\"left:803px;bottom:483px;letter-spacing:0.07px;display:inline;\">2,886 </div>\n<div class=\"t s9_196\" id=\"t4r_196\" style=\"left:43px;bottom:465px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s9_196\" id=\"t4s_196\" style=\"left:309px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4t_196\" style=\"left:312px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4u_196\" style=\"left:395px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4v_196\" style=\"left:398px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4w_196\" style=\"left:482px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4x_196\" style=\"left:485px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4y_196\" style=\"left:568px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4z_196\" style=\"left:571px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t50_196\" style=\"left:655px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t51_196\" style=\"left:658px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t52_196\" style=\"left:742px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t53_196\" style=\"left:745px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t54_196\" style=\"left:828px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t55_196\" style=\"left:831px;bottom:465px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t56_196\" style=\"left:43px;bottom:446px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s9_196\" id=\"t57_196\" style=\"left:297px;bottom:446px;letter-spacing:-0.04px;display:inline;\">305 </div><div class=\"t s9_196\" id=\"t58_196\" style=\"left:384px;bottom:446px;letter-spacing:-0.24px;display:inline;\">554 </div><div class=\"t s9_196\" id=\"t59_196\" style=\"left:485px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5a_196\" style=\"left:572px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5b_196\" style=\"left:658px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5c_196\" style=\"left:745px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5d_196\" style=\"left:817px;bottom:446px;letter-spacing:-0.36px;display:inline;\">859 </div>\n<div class=\"t s9_196\" id=\"t5e_196\" style=\"left:43px;bottom:428px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s9_196\" id=\"t5f_196\" style=\"left:312px;bottom:428px;display:inline;\">5 </div><div class=\"t s9_196\" id=\"t5g_196\" style=\"left:399px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5h_196\" style=\"left:485px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5i_196\" style=\"left:572px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5j_196\" style=\"left:658px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5k_196\" style=\"left:745px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5l_196\" style=\"left:832px;bottom:428px;display:inline;\">5 </div>\n<div class=\"t s9_196\" id=\"t5m_196\" style=\"left:43px;bottom:410px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s9_196\" id=\"t5n_196\" style=\"left:312px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5o_196\" style=\"left:399px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5p_196\" style=\"left:485px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5q_196\" style=\"left:572px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5r_196\" style=\"left:658px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5s_196\" style=\"left:730px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div><div class=\"t s9_196\" id=\"t5t_196\" style=\"left:817px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"t5u_196\" style=\"left:43px;bottom:391px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s9_196\" id=\"t5v_196\" style=\"left:297px;bottom:391px;letter-spacing:-0.3px;display:inline;\">125 </div><div class=\"t s9_196\" id=\"t5w_196\" style=\"left:384px;bottom:391px;letter-spacing:-0.36px;display:inline;\">105 </div><div class=\"t s9_196\" id=\"t5x_196\" style=\"left:470px;bottom:391px;letter-spacing:-0.14px;display:inline;\">430 </div><div class=\"t s9_196\" id=\"t5y_196\" style=\"left:572px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5z_196\" style=\"left:651px;bottom:391px;letter-spacing:-0.36px;display:inline;\">75 </div><div class=\"t s9_196\" id=\"t60_196\" style=\"left:730px;bottom:391px;letter-spacing:-0.25px;display:inline;\">550 </div><div class=\"t s9_196\" id=\"t61_196\" style=\"left:806px;bottom:391px;letter-spacing:-0.17px;display:inline;\">1,285 </div>\n<div class=\"t s9_196\" id=\"t62_196\" style=\"left:43px;bottom:373px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t63_196\" style=\"left:131px;bottom:380px;display:inline;\">1 </div>\n<div class=\"t s9_196\" id=\"t64_196\" style=\"left:305px;bottom:373px;letter-spacing:-0.23px;display:inline;\">56 </div><div class=\"t s9_196\" id=\"t65_196\" style=\"left:391px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t66_196\" style=\"left:478px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t67_196\" style=\"left:565px;bottom:373px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t68_196\" style=\"left:651px;bottom:373px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s9_196\" id=\"t69_196\" style=\"left:738px;bottom:373px;letter-spacing:-0.59px;display:inline;\">47 </div><div class=\"t s9_196\" id=\"t6a_196\" style=\"left:817px;bottom:373px;letter-spacing:-0.6px;display:inline;\">210 </div>\n<div class=\"t s9_196\" id=\"t6b_196\" style=\"left:298px;bottom:354px;letter-spacing:-0.47px;display:inline;\">491 </div><div class=\"t s9_196\" id=\"t6c_196\" style=\"left:384px;bottom:354px;letter-spacing:-0.49px;display:inline;\">692 </div><div class=\"t s9_196\" id=\"t6d_196\" style=\"left:470px;bottom:354px;letter-spacing:-0.09px;display:inline;\">463 </div><div class=\"t s9_196\" id=\"t6e_196\" style=\"left:565px;bottom:354px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t6f_196\" style=\"left:651px;bottom:354px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s9_196\" id=\"t6g_196\" style=\"left:719px;bottom:354px;letter-spacing:-0.1px;display:inline;\">1,590 </div><div class=\"t s9_196\" id=\"t6h_196\" style=\"left:806px;bottom:354px;letter-spacing:-0.12px;display:inline;\">3,352 </div>\n<div class=\"t se_196\" id=\"t6i_196\" style=\"left:43px;bottom:330px;display:inline;\">1 </div><div class=\"t se_196\" id=\"t6j_196\" style=\"left:56px;bottom:330px;letter-spacing:0.08px;word-spacing:-0.1px;display:inline;\">The lease liabilities presented above of $210m (2021: $210m) are on an undiscounted basis. The lease liabilities on a discounted basis, as outlined above, are $196m (2021:\u00a0$197m). </div>\n<div class=\"t sf_196\" id=\"t6k_196\" style=\"left:43px;bottom:11px;letter-spacing:-0.82px;display:inline;\">194 </div><div class=\"t sg_196\" id=\"t6l_196\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_196\" id=\"t6m_196\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_197\" id=\"t1_197\" style=\"left:65px;bottom:957px;letter-spacing:-0.33px;display:inline;\">15.2 </div><div class=\"t s2_197\" id=\"t2_197\" style=\"left:96px;bottom:957px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liquidity risk exposures </div>\n<div class=\"t s3_197\" id=\"t3_197\" style=\"left:65px;bottom:940px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Board has established a set of policies to manage funding and currency risks. The Group only uses derivative \ufb01nancial instruments </div>\n<div class=\"t s3_197\" id=\"t4_197\" style=\"left:65px;bottom:925px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to\u00a0manage the \ufb01nancial risks associated with underlying business activities and their \ufb01nancing. Liquidity risk is the risk that the Group </div>\n<div class=\"t s3_197\" id=\"t5_197\" style=\"left:65px;bottom:910px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">is not able to settle or meet its obligations on time or at a reasonable price. The Group\u2019s policy is to ensure that there is su\ufb03cient funding </div>\n<div class=\"t s3_197\" id=\"t6_197\" style=\"left:65px;bottom:894px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">and\u00a0facilities in place to meet foreseeable borrowing requirements. The Group manages and monitors liquidity risk through regular </div>\n<div class=\"t s3_197\" id=\"t7_197\" style=\"left:65px;bottom:879px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">reporting of current cash and borrowing balances and periodic preparation and review of short-and\u00a0medium-term cash forecasts, </div>\n<div class=\"t s3_197\" id=\"t8_197\" style=\"left:65px;bottom:864px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">having\u00a0regard to the maturities of investments and borrowing facilities. The Group has available committed facilities of $3.7bn </div>\n<div class=\"t s3_197\" id=\"t9_197\" style=\"left:65px;bottom:849px;letter-spacing:-0.06px;word-spacing:-0.05px;display:inline;\">(2021:\u00a0$4.1bn). During 2022, the Group issued its debut EUR Corporate Bond, in the form of \u20ac500m (before expenses and underwriting </div>\n<div class=\"t s3_197\" id=\"ta_197\" style=\"left:65px;bottom:833px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">discounts) of\u00a0notes bearing an interest rate of 4.565% repayable in 2029. In addition, the Group repaid its \u20ac269m, \u20ac223m and \u20ac265m </div>\n<div class=\"t s3_197\" id=\"tb_197\" style=\"left:65px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">EUR term loan facilities, as well as $125m of private placement debt. </div>\n<div class=\"t s3_197\" id=\"tc_197\" style=\"left:65px;bottom:794px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The interest payable on borrowings under committed facilities is either at\u00a0\ufb01xed\u00a0or \ufb02oating rates. Euro \ufb02oating rates are typically </div>\n<div class=\"t s3_197\" id=\"td_197\" style=\"left:65px;bottom:779px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">based\u00a0on\u00a0EURIBOR and US Dollar rates are typically based on the Secured Overnight Financing Rate (SOFR). The Company is subject </div>\n<div class=\"t s3_197\" id=\"te_197\" style=\"left:65px;bottom:763px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to \ufb01nancial covenants under its private placement agreements. The \ufb01nancial covenants are tested at the end of each half year for the </div>\n<div class=\"t s3_197\" id=\"tf_197\" style=\"left:65px;bottom:748px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">12 months ending on the last day of the testing period. As of 31 December 2022, the Company was in compliance with these covenants. </div>\n<div class=\"t s3_197\" id=\"tg_197\" style=\"left:65px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The facilities are also subject to\u00a0customary events of default, none of which are currently anticipated to occur. </div>\n<div class=\"t s3_197\" id=\"th_197\" style=\"left:65px;bottom:709px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">The Group\u2019s committed facilities at 31 December 2022 are: </div>\n<div class=\"t s4_197\" id=\"ti_197\" style=\"left:65px;bottom:687px;letter-spacing:-0.11px;display:inline;\">Facility </div><div class=\"t s4_197\" id=\"tj_197\" style=\"left:689px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tk_197\" style=\"left:691px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tl_197\" style=\"left:693px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tm_197\" style=\"left:696px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tn_197\" style=\"left:818px;bottom:687px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Date due </div>\n<div class=\"t s3_197\" id=\"to_197\" style=\"left:65px;bottom:667px;word-spacing:0.03px;display:inline;\">$105 million 3.26% Senior Notes </div><div class=\"t s3_197\" id=\"tp_197\" style=\"left:766px;bottom:667px;letter-spacing:0.03px;word-spacing:0.04px;display:inline;\">November 2023 </div>\n<div class=\"t s3_197\" id=\"tq_197\" style=\"left:65px;bottom:649px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">$100 million 3.89% Senior Notes </div><div class=\"t s3_197\" id=\"tr_197\" style=\"left:781px;bottom:649px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">January 2024 </div>\n<div class=\"t s3_197\" id=\"ts_197\" style=\"left:65px;bottom:630px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$305 million 3.36% Senior Notes </div><div class=\"t s3_197\" id=\"tt_197\" style=\"left:767px;bottom:630px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tu_197\" style=\"left:65px;bottom:612px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">$25 million Floating Rate Senior Notes </div><div class=\"t s3_197\" id=\"tv_197\" style=\"left:767px;bottom:612px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tw_197\" style=\"left:65px;bottom:593px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">$1.0 billion syndicated revolving credit facility </div><div class=\"t s3_197\" id=\"tx_197\" style=\"left:800px;bottom:593px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2025 </div>\n<div class=\"t s3_197\" id=\"ty_197\" style=\"left:65px;bottom:575px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">$75 million 3.99% Senior Notes </div><div class=\"t s3_197\" id=\"tz_197\" style=\"left:781px;bottom:575px;letter-spacing:0.04px;word-spacing:0.01px;display:inline;\">January 2026 </div>\n<div class=\"t s3_197\" id=\"t10_197\" style=\"left:65px;bottom:556px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">$140 million 2.83% Senior Notes </div><div class=\"t s3_197\" id=\"t11_197\" style=\"left:800px;bottom:556px;letter-spacing:-0.09px;word-spacing:0.15px;display:inline;\">June 2027 </div>\n<div class=\"t s3_197\" id=\"t12_197\" style=\"left:65px;bottom:538px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$60 million 2.90% Senior Notes </div><div class=\"t s3_197\" id=\"t13_197\" style=\"left:800px;bottom:538px;letter-spacing:-0.08px;word-spacing:0.14px;display:inline;\">June 2028 </div>\n<div class=\"t s3_197\" id=\"t14_197\" style=\"left:65px;bottom:520px;word-spacing:0.04px;display:inline;\">$100 million 2.97% Senior Notes </div><div class=\"t s3_197\" id=\"t15_197\" style=\"left:800px;bottom:520px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2029 </div>\n<div class=\"t s3_197\" id=\"t16_197\" style=\"left:65px;bottom:501px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">\u20ac500 million 4.565% EUR Corporate Bond </div><div class=\"t s3_197\" id=\"t17_197\" style=\"left:779px;bottom:501px;letter-spacing:0.03px;word-spacing:0.03px;display:inline;\">October 2029 </div>\n<div class=\"t s3_197\" id=\"t18_197\" style=\"left:65px;bottom:483px;letter-spacing:0.04px;display:inline;\">$95 million 2.99% Senior Notes </div><div class=\"t s3_197\" id=\"t19_197\" style=\"left:799px;bottom:483px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">June 2030 </div>\n<div class=\"t s3_197\" id=\"t1a_197\" style=\"left:65px;bottom:464px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">$1.0 billion 2.032% USD Corporate Bond </div><div class=\"t s3_197\" id=\"t1b_197\" style=\"left:779px;bottom:464px;letter-spacing:0.07px;word-spacing:-0.01px;display:inline;\">October 2030 </div>\n<div class=\"t s3_197\" id=\"t1c_197\" style=\"left:65px;bottom:446px;letter-spacing:0.03px;display:inline;\">$155 million 3.09% Senior Notes </div><div class=\"t s3_197\" id=\"t1d_197\" style=\"left:800px;bottom:446px;letter-spacing:-0.06px;word-spacing:0.12px;display:inline;\">June 2032 </div>\n<div class=\"t s5_197\" id=\"t1e_197\" style=\"left:830px;bottom:11px;letter-spacing:-0.9px;display:inline;\">195 </div><div class=\"t s6_197\" id=\"t1f_197\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_197\" id=\"t1g_197\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_197\" id=\"t1h_197\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_197\" id=\"t1i_197\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_197\" id=\"t1j_197\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_197\" id=\"t1k_197\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_198\" id=\"t1_198\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_198\" id=\"t2_198\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_198\" id=\"t3_198\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_198\" id=\"t4_198\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_198\" id=\"t5_198\" style=\"left:43px;bottom:956px;letter-spacing:-0.59px;display:inline;\">15 </div><div class=\"t s6_198\" id=\"t6_198\" style=\"left:66px;bottom:956px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">Cash and borrowings </div><div class=\"t s7_198\" id=\"t7_198\" style=\"left:211px;bottom:956px;letter-spacing:-0.05px;display:inline;\">continued </div>\n<div class=\"t s8_198\" id=\"t8_198\" style=\"left:43px;bottom:938px;letter-spacing:-0.28px;display:inline;\">15.3 </div><div class=\"t s9_198\" id=\"t9_198\" style=\"left:75px;bottom:938px;letter-spacing:-0.18px;word-spacing:-0.07px;display:inline;\">Year end \ufb01nancial liabilities by contractual maturity </div>\n<div class=\"t sa_198\" id=\"ta_198\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The table below analyses the Group\u2019s year end \ufb01nancial liabilities by contractual maturity date, including contractual interest payments </div>\n<div class=\"t sa_198\" id=\"tb_198\" style=\"left:43px;bottom:906px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and excluding the impact of netting arrangements: </div>\n<div class=\"t sb_198\" id=\"tc_198\" style=\"left:433px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"td_198\" style=\"left:435px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"te_198\" style=\"left:458px;bottom:892px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Within\u00a0one </div><div class=\"t sb_198\" id=\"tf_198\" style=\"left:549px;bottom:892px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sb_198\" id=\"tg_198\" style=\"left:631px;bottom:892px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sb_198\" id=\"th_198\" style=\"left:762px;bottom:892px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"ti_198\" style=\"left:765px;bottom:892px;display:inline;\">\u00a0</div>\n<div class=\"t sb_198\" id=\"tj_198\" style=\"left:463px;bottom:880px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">year\u00a0or\u00a0on </div><div class=\"t sb_198\" id=\"tk_198\" style=\"left:555px;bottom:880px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">one\u00a0and </div><div class=\"t sb_198\" id=\"tl_198\" style=\"left:636px;bottom:880px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">two\u00a0and </div><div class=\"t sb_198\" id=\"tm_198\" style=\"left:732px;bottom:880px;letter-spacing:-0.17px;display:inline;\">A\ufb05er </div><div class=\"t sb_198\" id=\"tn_198\" style=\"left:844px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t sb_198\" id=\"to_198\" style=\"left:471px;bottom:868px;letter-spacing:-0.1px;display:inline;\">demand </div><div class=\"t sb_198\" id=\"tp_198\" style=\"left:545px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">two\u00a0years </div><div class=\"t sb_198\" id=\"tq_198\" style=\"left:628px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sb_198\" id=\"tr_198\" style=\"left:711px;bottom:868px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sb_198\" id=\"ts_198\" style=\"left:815px;bottom:868px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sb_198\" id=\"tt_198\" style=\"left:433px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tu_198\" style=\"left:435px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tv_198\" style=\"left:438px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tw_198\" style=\"left:440px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tx_198\" style=\"left:469px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"ty_198\" style=\"left:515px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"tz_198\" style=\"left:518px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t10_198\" style=\"left:520px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t11_198\" style=\"left:522px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t12_198\" style=\"left:551px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t13_198\" style=\"left:598px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t14_198\" style=\"left:600px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t15_198\" style=\"left:602px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t16_198\" style=\"left:605px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t17_198\" style=\"left:633px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t18_198\" style=\"left:680px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t19_198\" style=\"left:682px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1a_198\" style=\"left:685px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1b_198\" style=\"left:687px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1c_198\" style=\"left:716px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t1d_198\" style=\"left:762px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1e_198\" style=\"left:765px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1f_198\" style=\"left:767px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1g_198\" style=\"left:769px;bottom:856px;display:inline;\">\u00a0</div><div class=\"t sb_198\" id=\"t1h_198\" style=\"left:798px;bottom:856px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_198\" id=\"t1i_198\" style=\"left:844px;bottom:856px;display:inline;\">\u00a0</div>\n<div class=\"t sc_198\" id=\"t1j_198\" style=\"left:48px;bottom:836px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_198\" id=\"t1k_198\" style=\"left:433px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1l_198\" style=\"left:499px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1m_198\" style=\"left:502px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1n_198\" style=\"left:582px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1o_198\" style=\"left:585px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1p_198\" style=\"left:664px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1q_198\" style=\"left:667px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1r_198\" style=\"left:746px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1s_198\" style=\"left:749px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1t_198\" style=\"left:828px;bottom:836px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1u_198\" style=\"left:831px;bottom:836px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t1v_198\" style=\"left:43px;bottom:818px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-derivative \ufb01nancial liabilities: </div><div class=\"t sa_198\" id=\"t1w_198\" style=\"left:433px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1x_198\" style=\"left:499px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1y_198\" style=\"left:502px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t1z_198\" style=\"left:582px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t20_198\" style=\"left:585px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t21_198\" style=\"left:664px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t22_198\" style=\"left:667px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t23_198\" style=\"left:746px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t24_198\" style=\"left:749px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t25_198\" style=\"left:828px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t26_198\" style=\"left:831px;bottom:818px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t27_198\" style=\"left:56px;bottom:799px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s and loans </div><div class=\"t sa_198\" id=\"t28_198\" style=\"left:433px;bottom:799px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t29_198\" style=\"left:502px;bottom:799px;display:inline;\">6 </div><div class=\"t sd_198\" id=\"t2a_198\" style=\"left:585px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2b_198\" style=\"left:668px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2c_198\" style=\"left:750px;bottom:799px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2d_198\" style=\"left:831px;bottom:799px;display:inline;\">6 </div>\n<div class=\"t sa_198\" id=\"t2e_198\" style=\"left:56px;bottom:781px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sa_198\" id=\"t2f_198\" style=\"left:433px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2g_198\" style=\"left:494px;bottom:781px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t sd_198\" id=\"t2h_198\" style=\"left:576px;bottom:781px;letter-spacing:-0.46px;display:inline;\">37 </div><div class=\"t sd_198\" id=\"t2i_198\" style=\"left:651px;bottom:781px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t sd_198\" id=\"t2j_198\" style=\"left:721px;bottom:781px;letter-spacing:-0.14px;display:inline;\">1,620 </div><div class=\"t sd_198\" id=\"t2k_198\" style=\"left:802px;bottom:781px;letter-spacing:0.09px;display:inline;\">1,805 </div>\n<div class=\"t sa_198\" id=\"t2l_198\" style=\"left:56px;bottom:762px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t sa_198\" id=\"t2m_198\" style=\"left:433px;bottom:762px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2n_198\" style=\"left:474px;bottom:762px;letter-spacing:-0.12px;display:inline;\">1,029 </div><div class=\"t sd_198\" id=\"t2o_198\" style=\"left:585px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2p_198\" style=\"left:667px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2q_198\" style=\"left:750px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t2r_198\" style=\"left:803px;bottom:762px;letter-spacing:-0.12px;display:inline;\">1,029 </div>\n<div class=\"t sa_198\" id=\"t2s_198\" style=\"left:56px;bottom:744px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sa_198\" id=\"t2t_198\" style=\"left:433px;bottom:744px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t2u_198\" style=\"left:486px;bottom:744px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sd_198\" id=\"t2v_198\" style=\"left:568px;bottom:744px;letter-spacing:-0.32px;display:inline;\">461 </div><div class=\"t sd_198\" id=\"t2w_198\" style=\"left:650px;bottom:744px;letter-spacing:-0.29px;display:inline;\">265 </div><div class=\"t sd_198\" id=\"t2x_198\" style=\"left:732px;bottom:744px;letter-spacing:0.1px;display:inline;\">444 </div><div class=\"t sd_198\" id=\"t2y_198\" style=\"left:803px;bottom:744px;letter-spacing:-0.07px;display:inline;\">1,313 </div>\n<div class=\"t sa_198\" id=\"t2z_198\" style=\"left:56px;bottom:725px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t sa_198\" id=\"t30_198\" style=\"left:433px;bottom:725px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t31_198\" style=\"left:494px;bottom:725px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t sd_198\" id=\"t32_198\" style=\"left:577px;bottom:725px;letter-spacing:-0.61px;display:inline;\">31 </div><div class=\"t sd_198\" id=\"t33_198\" style=\"left:658px;bottom:725px;letter-spacing:-0.28px;display:inline;\">39 </div><div class=\"t sd_198\" id=\"t34_198\" style=\"left:750px;bottom:725px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t35_198\" style=\"left:823px;bottom:725px;letter-spacing:-0.1px;display:inline;\">96 </div>\n<div class=\"t sa_198\" id=\"t36_198\" style=\"left:43px;bottom:707px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Derivative \ufb01nancial instruments: </div><div class=\"t sa_198\" id=\"t37_198\" style=\"left:433px;bottom:707px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t38_198\" style=\"left:56px;bottom:689px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 out\ufb02ow </div><div class=\"t sa_198\" id=\"t39_198\" style=\"left:433px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3a_198\" style=\"left:474px;bottom:689px;display:inline;\">2,598 </div><div class=\"t sd_198\" id=\"t3b_198\" style=\"left:585px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3c_198\" style=\"left:667px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3d_198\" style=\"left:750px;bottom:689px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3e_198\" style=\"left:803px;bottom:689px;display:inline;\">2,598 </div>\n<div class=\"t sa_198\" id=\"t3f_198\" style=\"left:56px;bottom:670px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 in\ufb02ow </div><div class=\"t sa_198\" id=\"t3g_198\" style=\"left:433px;bottom:670px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3h_198\" style=\"left:469px;bottom:670px;letter-spacing:-0.17px;display:inline;\">(2,601) </div><div class=\"t sd_198\" id=\"t3i_198\" style=\"left:585px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3j_198\" style=\"left:667px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3k_198\" style=\"left:750px;bottom:670px;display:inline;\">\u2013 </div><div class=\"t sd_198\" id=\"t3l_198\" style=\"left:799px;bottom:670px;letter-spacing:-0.17px;display:inline;\">(2,601) </div>\n<div class=\"t sa_198\" id=\"t3m_198\" style=\"left:433px;bottom:652px;display:inline;\">\u00a0</div><div class=\"t sd_198\" id=\"t3n_198\" style=\"left:474px;bottom:652px;letter-spacing:0.02px;display:inline;\">1,238 </div><div class=\"t sd_198\" id=\"t3o_198\" style=\"left:568px;bottom:652px;letter-spacing:-0.45px;display:inline;\">529 </div><div class=\"t sd_198\" id=\"t3p_198\" style=\"left:651px;bottom:652px;letter-spacing:-0.42px;display:inline;\">415 </div><div class=\"t sd_198\" id=\"t3q_198\" style=\"left:720px;bottom:652px;letter-spacing:0.07px;display:inline;\">2,064 </div><div class=\"t sd_198\" id=\"t3r_198\" style=\"left:803px;bottom:652px;letter-spacing:-0.03px;display:inline;\">4,246 </div>\n<div class=\"t sc_198\" id=\"t3s_198\" style=\"left:43px;bottom:633px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sa_198\" id=\"t3t_198\" style=\"left:433px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3u_198\" style=\"left:499px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3v_198\" style=\"left:502px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3w_198\" style=\"left:581px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3x_198\" style=\"left:584px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3y_198\" style=\"left:664px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t3z_198\" style=\"left:667px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t40_198\" style=\"left:746px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t41_198\" style=\"left:749px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t42_198\" style=\"left:828px;bottom:633px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t43_198\" style=\"left:831px;bottom:633px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t44_198\" style=\"left:43px;bottom:615px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-derivative \ufb01nancial liabilities: </div><div class=\"t sa_198\" id=\"t45_198\" style=\"left:433px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t46_198\" style=\"left:499px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t47_198\" style=\"left:502px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t48_198\" style=\"left:581px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t49_198\" style=\"left:584px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4a_198\" style=\"left:664px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4b_198\" style=\"left:667px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4c_198\" style=\"left:746px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4d_198\" style=\"left:749px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4e_198\" style=\"left:828px;bottom:615px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4f_198\" style=\"left:831px;bottom:615px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t4g_198\" style=\"left:56px;bottom:596px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s and loans </div><div class=\"t sa_198\" id=\"t4h_198\" style=\"left:433px;bottom:596px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4i_198\" style=\"left:488px;bottom:596px;letter-spacing:-0.61px;display:inline;\">310 </div><div class=\"t sa_198\" id=\"t4j_198\" style=\"left:570px;bottom:596px;letter-spacing:-0.24px;display:inline;\">554 </div><div class=\"t sa_198\" id=\"t4k_198\" style=\"left:667px;bottom:596px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4l_198\" style=\"left:749px;bottom:596px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4m_198\" style=\"left:816px;bottom:596px;display:inline;\">864 </div>\n<div class=\"t sa_198\" id=\"t4n_198\" style=\"left:56px;bottom:578px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sa_198\" id=\"t4o_198\" style=\"left:495px;bottom:578px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t sa_198\" id=\"t4p_198\" style=\"left:577px;bottom:578px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t sa_198\" id=\"t4q_198\" style=\"left:660px;bottom:578px;letter-spacing:-0.74px;display:inline;\">61 </div><div class=\"t sa_198\" id=\"t4r_198\" style=\"left:724px;bottom:578px;letter-spacing:-0.22px;display:inline;\">1,077 </div><div class=\"t sa_198\" id=\"t4s_198\" style=\"left:807px;bottom:578px;letter-spacing:-0.49px;display:inline;\">1,178 </div>\n<div class=\"t sa_198\" id=\"t4t_198\" style=\"left:56px;bottom:560px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t sa_198\" id=\"t4u_198\" style=\"left:433px;bottom:560px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t4v_198\" style=\"left:477px;bottom:560px;letter-spacing:-0.12px;display:inline;\">1,043 </div><div class=\"t sa_198\" id=\"t4w_198\" style=\"left:585px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4x_198\" style=\"left:667px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4y_198\" style=\"left:749px;bottom:560px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t4z_198\" style=\"left:806px;bottom:560px;letter-spacing:-0.12px;display:inline;\">1,043 </div>\n<div class=\"t sa_198\" id=\"t50_198\" style=\"left:56px;bottom:541px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sa_198\" id=\"t51_198\" style=\"left:433px;bottom:541px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t52_198\" style=\"left:488px;bottom:541px;letter-spacing:-0.5px;display:inline;\">165 </div><div class=\"t sa_198\" id=\"t53_198\" style=\"left:571px;bottom:541px;letter-spacing:-0.69px;display:inline;\">142 </div><div class=\"t sa_198\" id=\"t54_198\" style=\"left:653px;bottom:541px;letter-spacing:-0.92px;display:inline;\">574 </div><div class=\"t sa_198\" id=\"t55_198\" style=\"left:734px;bottom:541px;letter-spacing:-0.31px;display:inline;\">599 </div><div class=\"t sa_198\" id=\"t56_198\" style=\"left:806px;bottom:541px;display:inline;\">1,480 </div>\n<div class=\"t sa_198\" id=\"t57_198\" style=\"left:56px;bottom:523px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t sa_198\" id=\"t58_198\" style=\"left:433px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t59_198\" style=\"left:495px;bottom:523px;letter-spacing:-0.23px;display:inline;\">35 </div><div class=\"t sa_198\" id=\"t5a_198\" style=\"left:578px;bottom:523px;letter-spacing:-0.45px;display:inline;\">19 </div><div class=\"t sa_198\" id=\"t5b_198\" style=\"left:660px;bottom:523px;letter-spacing:-0.66px;display:inline;\">42 </div><div class=\"t sa_198\" id=\"t5c_198\" style=\"left:749px;bottom:523px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5d_198\" style=\"left:824px;bottom:523px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t sa_198\" id=\"t5e_198\" style=\"left:43px;bottom:504px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Derivative \ufb01nancial instruments: </div><div class=\"t sa_198\" id=\"t5f_198\" style=\"left:433px;bottom:504px;display:inline;\">\u00a0</div>\n<div class=\"t sa_198\" id=\"t5g_198\" style=\"left:56px;bottom:486px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 out\ufb02ow </div><div class=\"t sa_198\" id=\"t5h_198\" style=\"left:433px;bottom:486px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5i_198\" style=\"left:477px;bottom:486px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t sa_198\" id=\"t5j_198\" style=\"left:585px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5k_198\" style=\"left:667px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5l_198\" style=\"left:749px;bottom:486px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5m_198\" style=\"left:806px;bottom:486px;letter-spacing:-0.22px;display:inline;\">2,322 </div>\n<div class=\"t sa_198\" id=\"t5n_198\" style=\"left:56px;bottom:467px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Currency swaps/forward foreign exchange contracts\u00a0\u2013 in\ufb02ow </div><div class=\"t sa_198\" id=\"t5o_198\" style=\"left:433px;bottom:467px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5p_198\" style=\"left:473px;bottom:467px;letter-spacing:-0.12px;display:inline;\">(2,342) </div><div class=\"t sa_198\" id=\"t5q_198\" style=\"left:585px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5r_198\" style=\"left:667px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5s_198\" style=\"left:749px;bottom:467px;display:inline;\">\u2013 </div><div class=\"t sa_198\" id=\"t5t_198\" style=\"left:802px;bottom:467px;letter-spacing:-0.12px;display:inline;\">(2,342) </div>\n<div class=\"t sa_198\" id=\"t5u_198\" style=\"left:433px;bottom:449px;display:inline;\">\u00a0</div><div class=\"t sa_198\" id=\"t5v_198\" style=\"left:477px;bottom:449px;letter-spacing:-0.15px;display:inline;\">1,553 </div><div class=\"t sa_198\" id=\"t5w_198\" style=\"left:570px;bottom:449px;letter-spacing:-0.23px;display:inline;\">735 </div><div class=\"t sa_198\" id=\"t5x_198\" style=\"left:652px;bottom:449px;letter-spacing:-0.23px;display:inline;\">677 </div><div class=\"t sa_198\" id=\"t5y_198\" style=\"left:724px;bottom:449px;letter-spacing:-0.33px;display:inline;\">1,676 </div><div class=\"t sa_198\" id=\"t5z_198\" style=\"left:806px;bottom:449px;letter-spacing:-0.22px;display:inline;\">4,641 </div>\n<div class=\"t sa_198\" id=\"t60_198\" style=\"left:43px;bottom:420px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts in the tables above are undiscounted cash \ufb02ows, which di\ufb00er from the amounts included in the balance sheet where the </div>\n<div class=\"t sa_198\" id=\"t61_198\" style=\"left:43px;bottom:405px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">underlying cash \ufb02ows have been discounted. </div>\n<div class=\"t s8_198\" id=\"t62_198\" style=\"left:43px;bottom:380px;letter-spacing:-0.38px;display:inline;\">15.4 </div><div class=\"t s9_198\" id=\"t63_198\" style=\"left:74px;bottom:380px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Liquidity and capital resources </div>\n<div class=\"t sa_198\" id=\"t64_198\" style=\"left:43px;bottom:363px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group\u2019s policy is to ensure that it has su\ufb03cient funding and facilities to meet foreseeable borrowing requirements. </div>\n<div class=\"t sa_198\" id=\"t65_198\" style=\"left:43px;bottom:339px;letter-spacing:-0.13px;word-spacing:0.03px;display:inline;\">At 31 December 2022, the Group held $344m (2021: $1,285m, 2020: $1,751m) in cash net of bank overdra\ufb05s. The Group had committed </div>\n<div class=\"t sa_198\" id=\"t66_198\" style=\"left:43px;bottom:324px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">facilities available of $3.7bn at 31 December 2022 of which $2.7bn was drawn. </div>\n<div class=\"t sa_198\" id=\"t67_198\" style=\"left:43px;bottom:300px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The principal variations in the Group\u2019s borrowing requirements result from the timing of dividend payments, acquisitions and disposals </div>\n<div class=\"t sa_198\" id=\"t68_198\" style=\"left:43px;bottom:284px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of businesses, timing of capital expenditure and working capital \ufb02uctuations. Smith+Nephew believes that its capital expenditure needs </div>\n<div class=\"t sa_198\" id=\"t69_198\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">and its working capital funding for 2023, as well as its other known or expected commitments or liabilities, can be met from its existing </div>\n<div class=\"t sa_198\" id=\"t6a_198\" style=\"left:43px;bottom:254px;letter-spacing:-0.01px;word-spacing:-0.04px;display:inline;\">resources and facilities. The Group\u2019s net debt including leases increased from $2bn at the beginning of 2022 to $2.5bn at the end of\u00a02022, </div>\nrepresenting an overall increase of $0.5bn.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24330": {
   "value": "15.1 <div class=\"t s8_196\" id=\"t8_196\" style=\"left:74px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Net debt </div>\n<div class=\"t s9_196\" id=\"t9_196\" style=\"left:43px;bottom:921px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Net debt comprises borrowings and credit balances on currency swaps less cash at bank. </div>\n<div class=\"t sa_196\" id=\"ta_196\" style=\"left:671px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tb_196\" style=\"left:674px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tc_196\" style=\"left:727px;bottom:899px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sa_196\" id=\"td_196\" style=\"left:813px;bottom:899px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t sa_196\" id=\"te_196\" style=\"left:671px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tf_196\" style=\"left:674px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tg_196\" style=\"left:676px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"th_196\" style=\"left:678px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"ti_196\" style=\"left:711px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"tj_196\" style=\"left:758px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tk_196\" style=\"left:760px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tl_196\" style=\"left:763px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tm_196\" style=\"left:765px;bottom:887px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"tn_196\" style=\"left:798px;bottom:887px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"to_196\" style=\"left:844px;bottom:887px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"tp_196\" style=\"left:43px;bottom:867px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Bank overdra\ufb05s, borrowings and loans due within one\u00a0year </div><div class=\"t sb_196\" id=\"tq_196\" style=\"left:729px;bottom:867px;letter-spacing:-0.66px;display:inline;\">111 </div><div class=\"t s9_196\" id=\"tr_196\" style=\"left:817px;bottom:867px;letter-spacing:-0.25px;display:inline;\">435 </div>\n<div class=\"t s9_196\" id=\"ts_196\" style=\"left:43px;bottom:849px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Long-term bank borrowings </div><div class=\"t sb_196\" id=\"tt_196\" style=\"left:746px;bottom:849px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"tu_196\" style=\"left:817px;bottom:849px;letter-spacing:-0.24px;display:inline;\">554 </div>\n<div class=\"t s9_196\" id=\"tv_196\" style=\"left:43px;bottom:830px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"tw_196\" style=\"left:717px;bottom:830px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t s9_196\" id=\"tx_196\" style=\"left:817px;bottom:830px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"ty_196\" style=\"left:43px;bottom:812px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"tz_196\" style=\"left:716px;bottom:812px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t s9_196\" id=\"t10_196\" style=\"left:807px;bottom:812px;letter-spacing:-0.3px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t11_196\" style=\"left:43px;bottom:793px;letter-spacing:0.16px;display:inline;\">Borrowings </div><div class=\"t sb_196\" id=\"t12_196\" style=\"left:717px;bottom:793px;letter-spacing:-0.24px;display:inline;\">2,676 </div><div class=\"t s9_196\" id=\"t13_196\" style=\"left:807px;bottom:793px;letter-spacing:-0.43px;display:inline;\">3,142 </div>\n<div class=\"t s9_196\" id=\"t14_196\" style=\"left:43px;bottom:775px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_196\" id=\"t15_196\" style=\"left:723px;bottom:775px;letter-spacing:-0.15px;display:inline;\">(350) </div><div class=\"t s9_196\" id=\"t16_196\" style=\"left:802px;bottom:775px;letter-spacing:-0.09px;display:inline;\">(1,290) </div>\n<div class=\"t s9_196\" id=\"t17_196\" style=\"left:43px;bottom:756px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Credit balance on derivatives\u00a0\u2013 interest rate swaps </div><div class=\"t sb_196\" id=\"t18_196\" style=\"left:737px;bottom:756px;letter-spacing:-0.24px;display:inline;\">13 </div><div class=\"t s9_196\" id=\"t19_196\" style=\"left:832px;bottom:756px;display:inline;\">\u2013 </div>\n<div class=\"t s9_196\" id=\"t1a_196\" style=\"left:43px;bottom:738px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Net debt </div><div class=\"t sb_196\" id=\"t1b_196\" style=\"left:716px;bottom:738px;letter-spacing:-0.01px;display:inline;\">2,339 </div><div class=\"t s9_196\" id=\"t1c_196\" style=\"left:806px;bottom:738px;letter-spacing:-0.19px;display:inline;\">1,852 </div>\n<div class=\"t s9_196\" id=\"t1d_196\" style=\"left:43px;bottom:720px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Non-current lease liabilities </div><div class=\"t sb_196\" id=\"t1e_196\" style=\"left:729px;bottom:720px;letter-spacing:-0.49px;display:inline;\">147 </div><div class=\"t s9_196\" id=\"t1f_196\" style=\"left:818px;bottom:720px;letter-spacing:-0.78px;display:inline;\">141 </div>\n<div class=\"t s9_196\" id=\"t1g_196\" style=\"left:43px;bottom:701px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Current lease liabilities </div><div class=\"t sb_196\" id=\"t1h_196\" style=\"left:737px;bottom:701px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s9_196\" id=\"t1i_196\" style=\"left:824px;bottom:701px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t s9_196\" id=\"t1j_196\" style=\"left:43px;bottom:683px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">Net debt including lease liabilities </div><div class=\"t sb_196\" id=\"t1k_196\" style=\"left:716px;bottom:683px;letter-spacing:-0.03px;display:inline;\">2,535 </div><div class=\"t s9_196\" id=\"t1l_196\" style=\"left:806px;bottom:683px;letter-spacing:-0.15px;display:inline;\">2,049 </div>\n<div class=\"t s9_196\" id=\"t1m_196\" style=\"left:43px;bottom:654px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Borrowings are repayable as follows: </div>\n<div class=\"t sa_196\" id=\"t1n_196\" style=\"left:287px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Within </div><div class=\"t sa_196\" id=\"t1o_196\" style=\"left:363px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1p_196\" style=\"left:449px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1q_196\" style=\"left:536px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1r_196\" style=\"left:623px;bottom:632px;letter-spacing:-0.09px;display:inline;\">Between </div><div class=\"t sa_196\" id=\"t1s_196\" style=\"left:758px;bottom:632px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t1t_196\" style=\"left:760px;bottom:632px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t1u_196\" style=\"left:266px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">one\u00a0year\u00a0or </div><div class=\"t sa_196\" id=\"t1v_196\" style=\"left:369px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">one\u00a0and </div><div class=\"t sa_196\" id=\"t1w_196\" style=\"left:454px;bottom:619px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">two\u00a0and </div><div class=\"t sa_196\" id=\"t1x_196\" style=\"left:533px;bottom:619px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">three\u00a0and </div><div class=\"t sa_196\" id=\"t1y_196\" style=\"left:626px;bottom:619px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">four\u00a0and </div><div class=\"t sa_196\" id=\"t1z_196\" style=\"left:728px;bottom:619px;letter-spacing:-0.17px;display:inline;\">A\ufb05er </div><div class=\"t sa_196\" id=\"t20_196\" style=\"left:844px;bottom:619px;display:inline;\">\u00a0</div>\n<div class=\"t sa_196\" id=\"t21_196\" style=\"left:266px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.17px;display:inline;\">on\u00a0demand </div><div class=\"t sa_196\" id=\"t22_196\" style=\"left:359px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.13px;display:inline;\">two\u00a0years </div><div class=\"t sa_196\" id=\"t23_196\" style=\"left:438px;bottom:607px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">three\u00a0years </div><div class=\"t sa_196\" id=\"t24_196\" style=\"left:531px;bottom:607px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">four\u00a0years </div><div class=\"t sa_196\" id=\"t25_196\" style=\"left:620px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t26_196\" style=\"left:706px;bottom:607px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">\ufb01ve\u00a0years </div><div class=\"t sa_196\" id=\"t27_196\" style=\"left:815px;bottom:607px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sa_196\" id=\"t28_196\" style=\"left:238px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t29_196\" style=\"left:241px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2a_196\" style=\"left:243px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2b_196\" style=\"left:245px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2c_196\" style=\"left:278px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2d_196\" style=\"left:325px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2e_196\" style=\"left:327px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2f_196\" style=\"left:329px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2g_196\" style=\"left:332px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2h_196\" style=\"left:365px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2i_196\" style=\"left:411px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2j_196\" style=\"left:414px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2k_196\" style=\"left:416px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2l_196\" style=\"left:418px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2m_196\" style=\"left:452px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2n_196\" style=\"left:498px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2o_196\" style=\"left:500px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2p_196\" style=\"left:503px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2q_196\" style=\"left:505px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2r_196\" style=\"left:538px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2s_196\" style=\"left:585px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2t_196\" style=\"left:587px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2u_196\" style=\"left:589px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2v_196\" style=\"left:592px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2w_196\" style=\"left:625px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t2x_196\" style=\"left:671px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2y_196\" style=\"left:674px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t2z_196\" style=\"left:676px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t30_196\" style=\"left:678px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t31_196\" style=\"left:711px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t32_196\" style=\"left:758px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t33_196\" style=\"left:760px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t34_196\" style=\"left:763px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t35_196\" style=\"left:765px;bottom:595px;display:inline;\">\u00a0</div><div class=\"t sa_196\" id=\"t36_196\" style=\"left:798px;bottom:595px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sa_196\" id=\"t37_196\" style=\"left:844px;bottom:595px;display:inline;\">\u00a0</div>\n<div class=\"t sc_196\" id=\"t38_196\" style=\"left:48px;bottom:575px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s9_196\" id=\"t39_196\" style=\"left:309px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3a_196\" style=\"left:312px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3b_196\" style=\"left:395px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3c_196\" style=\"left:398px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3d_196\" style=\"left:482px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3e_196\" style=\"left:485px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3f_196\" style=\"left:568px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3g_196\" style=\"left:571px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3h_196\" style=\"left:655px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3i_196\" style=\"left:658px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3j_196\" style=\"left:742px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3k_196\" style=\"left:745px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3l_196\" style=\"left:828px;bottom:575px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t3m_196\" style=\"left:831px;bottom:575px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t3n_196\" style=\"left:43px;bottom:557px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_196\" id=\"t3o_196\" style=\"left:312px;bottom:557px;display:inline;\">6 </div><div class=\"t sb_196\" id=\"t3p_196\" style=\"left:399px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3q_196\" style=\"left:486px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3r_196\" style=\"left:572px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3s_196\" style=\"left:659px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3t_196\" style=\"left:746px;bottom:557px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3u_196\" style=\"left:831px;bottom:557px;display:inline;\">6 </div>\n<div class=\"t s9_196\" id=\"t3v_196\" style=\"left:43px;bottom:539px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t sb_196\" id=\"t3w_196\" style=\"left:312px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3x_196\" style=\"left:399px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3y_196\" style=\"left:486px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t3z_196\" style=\"left:572px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t40_196\" style=\"left:659px;bottom:539px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t41_196\" style=\"left:717px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div><div class=\"t sb_196\" id=\"t42_196\" style=\"left:803px;bottom:539px;letter-spacing:-0.18px;display:inline;\">1,510 </div>\n<div class=\"t s9_196\" id=\"t43_196\" style=\"left:43px;bottom:520px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t sb_196\" id=\"t44_196\" style=\"left:295px;bottom:520px;letter-spacing:-0.25px;display:inline;\">105 </div><div class=\"t sb_196\" id=\"t45_196\" style=\"left:381px;bottom:520px;letter-spacing:-0.09px;display:inline;\">430 </div><div class=\"t sb_196\" id=\"t46_196\" style=\"left:486px;bottom:520px;display:inline;\">\u2013 </div><div class=\"t sb_196\" id=\"t47_196\" style=\"left:563px;bottom:520px;letter-spacing:-0.42px;display:inline;\">75 </div><div class=\"t sb_196\" id=\"t48_196\" style=\"left:641px;bottom:520px;letter-spacing:-0.13px;display:inline;\">140 </div><div class=\"t sb_196\" id=\"t49_196\" style=\"left:729px;bottom:520px;letter-spacing:-0.5px;display:inline;\">410 </div><div class=\"t sb_196\" id=\"t4a_196\" style=\"left:803px;bottom:520px;letter-spacing:-0.1px;display:inline;\">1,160 </div>\n<div class=\"t s9_196\" id=\"t4b_196\" style=\"left:43px;bottom:502px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t4c_196\" style=\"left:131px;bottom:509px;display:inline;\">1 </div>\n<div class=\"t sb_196\" id=\"t4d_196\" style=\"left:303px;bottom:502px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t sb_196\" id=\"t4e_196\" style=\"left:390px;bottom:502px;letter-spacing:-0.49px;display:inline;\">42 </div><div class=\"t sb_196\" id=\"t4f_196\" style=\"left:477px;bottom:502px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4g_196\" style=\"left:563px;bottom:502px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sb_196\" id=\"t4h_196\" style=\"left:650px;bottom:502px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t sb_196\" id=\"t4i_196\" style=\"left:737px;bottom:502px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t sb_196\" id=\"t4j_196\" style=\"left:815px;bottom:502px;letter-spacing:-0.55px;display:inline;\">210 </div>\n<div class=\"t sb_196\" id=\"t4k_196\" style=\"left:295px;bottom:483px;letter-spacing:-0.3px;display:inline;\">160 </div><div class=\"t sb_196\" id=\"t4l_196\" style=\"left:382px;bottom:483px;letter-spacing:-0.44px;display:inline;\">472 </div><div class=\"t sb_196\" id=\"t4m_196\" style=\"left:477px;bottom:483px;letter-spacing:-0.53px;display:inline;\">32 </div><div class=\"t sb_196\" id=\"t4n_196\" style=\"left:563px;bottom:483px;letter-spacing:-0.15px;display:inline;\">99 </div><div class=\"t sb_196\" id=\"t4o_196\" style=\"left:642px;bottom:483px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_196\" id=\"t4p_196\" style=\"left:716px;bottom:483px;letter-spacing:-0.01px;display:inline;\">1,965 </div><div class=\"t sb_196\" id=\"t4q_196\" style=\"left:803px;bottom:483px;letter-spacing:0.07px;display:inline;\">2,886 </div>\n<div class=\"t s9_196\" id=\"t4r_196\" style=\"left:43px;bottom:465px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s9_196\" id=\"t4s_196\" style=\"left:309px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4t_196\" style=\"left:312px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4u_196\" style=\"left:395px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4v_196\" style=\"left:398px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4w_196\" style=\"left:482px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4x_196\" style=\"left:485px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4y_196\" style=\"left:568px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t4z_196\" style=\"left:571px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t50_196\" style=\"left:655px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t51_196\" style=\"left:658px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t52_196\" style=\"left:742px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t53_196\" style=\"left:745px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t54_196\" style=\"left:828px;bottom:465px;display:inline;\">\u00a0</div><div class=\"t s9_196\" id=\"t55_196\" style=\"left:831px;bottom:465px;display:inline;\">\u00a0</div>\n<div class=\"t s9_196\" id=\"t56_196\" style=\"left:43px;bottom:446px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s9_196\" id=\"t57_196\" style=\"left:297px;bottom:446px;letter-spacing:-0.04px;display:inline;\">305 </div><div class=\"t s9_196\" id=\"t58_196\" style=\"left:384px;bottom:446px;letter-spacing:-0.24px;display:inline;\">554 </div><div class=\"t s9_196\" id=\"t59_196\" style=\"left:485px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5a_196\" style=\"left:572px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5b_196\" style=\"left:658px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5c_196\" style=\"left:745px;bottom:446px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5d_196\" style=\"left:817px;bottom:446px;letter-spacing:-0.36px;display:inline;\">859 </div>\n<div class=\"t s9_196\" id=\"t5e_196\" style=\"left:43px;bottom:428px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s9_196\" id=\"t5f_196\" style=\"left:312px;bottom:428px;display:inline;\">5 </div><div class=\"t s9_196\" id=\"t5g_196\" style=\"left:399px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5h_196\" style=\"left:485px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5i_196\" style=\"left:572px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5j_196\" style=\"left:658px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5k_196\" style=\"left:745px;bottom:428px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5l_196\" style=\"left:832px;bottom:428px;display:inline;\">5 </div>\n<div class=\"t s9_196\" id=\"t5m_196\" style=\"left:43px;bottom:410px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s9_196\" id=\"t5n_196\" style=\"left:312px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5o_196\" style=\"left:399px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5p_196\" style=\"left:485px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5q_196\" style=\"left:572px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5r_196\" style=\"left:658px;bottom:410px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5s_196\" style=\"left:730px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div><div class=\"t s9_196\" id=\"t5t_196\" style=\"left:817px;bottom:410px;letter-spacing:-0.3px;display:inline;\">993 </div>\n<div class=\"t s9_196\" id=\"t5u_196\" style=\"left:43px;bottom:391px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Private placement notes </div><div class=\"t s9_196\" id=\"t5v_196\" style=\"left:297px;bottom:391px;letter-spacing:-0.3px;display:inline;\">125 </div><div class=\"t s9_196\" id=\"t5w_196\" style=\"left:384px;bottom:391px;letter-spacing:-0.36px;display:inline;\">105 </div><div class=\"t s9_196\" id=\"t5x_196\" style=\"left:470px;bottom:391px;letter-spacing:-0.14px;display:inline;\">430 </div><div class=\"t s9_196\" id=\"t5y_196\" style=\"left:572px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s9_196\" id=\"t5z_196\" style=\"left:651px;bottom:391px;letter-spacing:-0.36px;display:inline;\">75 </div><div class=\"t s9_196\" id=\"t60_196\" style=\"left:730px;bottom:391px;letter-spacing:-0.25px;display:inline;\">550 </div><div class=\"t s9_196\" id=\"t61_196\" style=\"left:806px;bottom:391px;letter-spacing:-0.17px;display:inline;\">1,285 </div>\n<div class=\"t s9_196\" id=\"t62_196\" style=\"left:43px;bottom:373px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">Lease liabilities </div>\n<div class=\"t sd_196\" id=\"t63_196\" style=\"left:131px;bottom:380px;display:inline;\">1 </div>\n<div class=\"t s9_196\" id=\"t64_196\" style=\"left:305px;bottom:373px;letter-spacing:-0.23px;display:inline;\">56 </div><div class=\"t s9_196\" id=\"t65_196\" style=\"left:391px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t66_196\" style=\"left:478px;bottom:373px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s9_196\" id=\"t67_196\" style=\"left:565px;bottom:373px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t68_196\" style=\"left:651px;bottom:373px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s9_196\" id=\"t69_196\" style=\"left:738px;bottom:373px;letter-spacing:-0.59px;display:inline;\">47 </div><div class=\"t s9_196\" id=\"t6a_196\" style=\"left:817px;bottom:373px;letter-spacing:-0.6px;display:inline;\">210 </div>\n<div class=\"t s9_196\" id=\"t6b_196\" style=\"left:298px;bottom:354px;letter-spacing:-0.47px;display:inline;\">491 </div><div class=\"t s9_196\" id=\"t6c_196\" style=\"left:384px;bottom:354px;letter-spacing:-0.49px;display:inline;\">692 </div><div class=\"t s9_196\" id=\"t6d_196\" style=\"left:470px;bottom:354px;letter-spacing:-0.09px;display:inline;\">463 </div><div class=\"t s9_196\" id=\"t6e_196\" style=\"left:565px;bottom:354px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s9_196\" id=\"t6f_196\" style=\"left:651px;bottom:354px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s9_196\" id=\"t6g_196\" style=\"left:719px;bottom:354px;letter-spacing:-0.1px;display:inline;\">1,590 </div><div class=\"t s9_196\" id=\"t6h_196\" style=\"left:806px;bottom:354px;letter-spacing:-0.12px;display:inline;\">3,352 </div>\n<div class=\"t se_196\" id=\"t6i_196\" style=\"left:43px;bottom:330px;display:inline;\">1 </div>The lease liabilities presented above of $210m (2021: $210m) are on an undiscounted basis. The lease liabilities on a discounted basis, as outlined above, are $196m (2021:\u00a0$197m).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24576": {
   "value": "15.2 <div class=\"t s2_197\" id=\"t2_197\" style=\"left:96px;bottom:957px;letter-spacing:-0.15px;word-spacing:-0.09px;display:inline;\">Liquidity risk exposures </div>\n<div class=\"t s3_197\" id=\"t3_197\" style=\"left:65px;bottom:940px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Board has established a set of policies to manage funding and currency risks. The Group only uses derivative \ufb01nancial instruments </div>\n<div class=\"t s3_197\" id=\"t4_197\" style=\"left:65px;bottom:925px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">to\u00a0manage the \ufb01nancial risks associated with underlying business activities and their \ufb01nancing. Liquidity risk is the risk that the Group </div>\n<div class=\"t s3_197\" id=\"t5_197\" style=\"left:65px;bottom:910px;letter-spacing:0.03px;word-spacing:-0.08px;display:inline;\">is not able to settle or meet its obligations on time or at a reasonable price. The Group\u2019s policy is to ensure that there is su\ufb03cient funding </div>\n<div class=\"t s3_197\" id=\"t6_197\" style=\"left:65px;bottom:894px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">and\u00a0facilities in place to meet foreseeable borrowing requirements. The Group manages and monitors liquidity risk through regular </div>\n<div class=\"t s3_197\" id=\"t7_197\" style=\"left:65px;bottom:879px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">reporting of current cash and borrowing balances and periodic preparation and review of short-and\u00a0medium-term cash forecasts, </div>\n<div class=\"t s3_197\" id=\"t8_197\" style=\"left:65px;bottom:864px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">having\u00a0regard to the maturities of investments and borrowing facilities. The Group has available committed facilities of $3.7bn </div>\n<div class=\"t s3_197\" id=\"t9_197\" style=\"left:65px;bottom:849px;letter-spacing:-0.06px;word-spacing:-0.05px;display:inline;\">(2021:\u00a0$4.1bn). During 2022, the Group issued its debut EUR Corporate Bond, in the form of \u20ac500m (before expenses and underwriting </div>\n<div class=\"t s3_197\" id=\"ta_197\" style=\"left:65px;bottom:833px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">discounts) of\u00a0notes bearing an interest rate of 4.565% repayable in 2029. In addition, the Group repaid its \u20ac269m, \u20ac223m and \u20ac265m </div>\n<div class=\"t s3_197\" id=\"tb_197\" style=\"left:65px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">EUR term loan facilities, as well as $125m of private placement debt. </div>\n<div class=\"t s3_197\" id=\"tc_197\" style=\"left:65px;bottom:794px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The interest payable on borrowings under committed facilities is either at\u00a0\ufb01xed\u00a0or \ufb02oating rates. Euro \ufb02oating rates are typically </div>\n<div class=\"t s3_197\" id=\"td_197\" style=\"left:65px;bottom:779px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">based\u00a0on\u00a0EURIBOR and US Dollar rates are typically based on the Secured Overnight Financing Rate (SOFR). The Company is subject </div>\n<div class=\"t s3_197\" id=\"te_197\" style=\"left:65px;bottom:763px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to \ufb01nancial covenants under its private placement agreements. The \ufb01nancial covenants are tested at the end of each half year for the </div>\n<div class=\"t s3_197\" id=\"tf_197\" style=\"left:65px;bottom:748px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">12 months ending on the last day of the testing period. As of 31 December 2022, the Company was in compliance with these covenants. </div>\n<div class=\"t s3_197\" id=\"tg_197\" style=\"left:65px;bottom:733px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The facilities are also subject to\u00a0customary events of default, none of which are currently anticipated to occur. </div>\n<div class=\"t s3_197\" id=\"th_197\" style=\"left:65px;bottom:709px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">The Group\u2019s committed facilities at 31 December 2022 are: </div>\n<div class=\"t s4_197\" id=\"ti_197\" style=\"left:65px;bottom:687px;letter-spacing:-0.11px;display:inline;\">Facility </div><div class=\"t s4_197\" id=\"tj_197\" style=\"left:689px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tk_197\" style=\"left:691px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tl_197\" style=\"left:693px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tm_197\" style=\"left:696px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_197\" id=\"tn_197\" style=\"left:818px;bottom:687px;letter-spacing:-0.15px;word-spacing:-0.11px;display:inline;\">Date due </div>\n<div class=\"t s3_197\" id=\"to_197\" style=\"left:65px;bottom:667px;word-spacing:0.03px;display:inline;\">$105 million 3.26% Senior Notes </div><div class=\"t s3_197\" id=\"tp_197\" style=\"left:766px;bottom:667px;letter-spacing:0.03px;word-spacing:0.04px;display:inline;\">November 2023 </div>\n<div class=\"t s3_197\" id=\"tq_197\" style=\"left:65px;bottom:649px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">$100 million 3.89% Senior Notes </div><div class=\"t s3_197\" id=\"tr_197\" style=\"left:781px;bottom:649px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">January 2024 </div>\n<div class=\"t s3_197\" id=\"ts_197\" style=\"left:65px;bottom:630px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$305 million 3.36% Senior Notes </div><div class=\"t s3_197\" id=\"tt_197\" style=\"left:767px;bottom:630px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tu_197\" style=\"left:65px;bottom:612px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">$25 million Floating Rate Senior Notes </div><div class=\"t s3_197\" id=\"tv_197\" style=\"left:767px;bottom:612px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">November 2024 </div>\n<div class=\"t s3_197\" id=\"tw_197\" style=\"left:65px;bottom:593px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">$1.0 billion syndicated revolving credit facility </div><div class=\"t s3_197\" id=\"tx_197\" style=\"left:800px;bottom:593px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2025 </div>\n<div class=\"t s3_197\" id=\"ty_197\" style=\"left:65px;bottom:575px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">$75 million 3.99% Senior Notes </div><div class=\"t s3_197\" id=\"tz_197\" style=\"left:781px;bottom:575px;letter-spacing:0.04px;word-spacing:0.01px;display:inline;\">January 2026 </div>\n<div class=\"t s3_197\" id=\"t10_197\" style=\"left:65px;bottom:556px;letter-spacing:0.02px;word-spacing:0.01px;display:inline;\">$140 million 2.83% Senior Notes </div><div class=\"t s3_197\" id=\"t11_197\" style=\"left:800px;bottom:556px;letter-spacing:-0.09px;word-spacing:0.15px;display:inline;\">June 2027 </div>\n<div class=\"t s3_197\" id=\"t12_197\" style=\"left:65px;bottom:538px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">$60 million 2.90% Senior Notes </div><div class=\"t s3_197\" id=\"t13_197\" style=\"left:800px;bottom:538px;letter-spacing:-0.08px;word-spacing:0.14px;display:inline;\">June 2028 </div>\n<div class=\"t s3_197\" id=\"t14_197\" style=\"left:65px;bottom:520px;word-spacing:0.04px;display:inline;\">$100 million 2.97% Senior Notes </div><div class=\"t s3_197\" id=\"t15_197\" style=\"left:800px;bottom:520px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">June 2029 </div>\n<div class=\"t s3_197\" id=\"t16_197\" style=\"left:65px;bottom:501px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">\u20ac500 million 4.565% EUR Corporate Bond </div><div class=\"t s3_197\" id=\"t17_197\" style=\"left:779px;bottom:501px;letter-spacing:0.03px;word-spacing:0.03px;display:inline;\">October 2029 </div>\n<div class=\"t s3_197\" id=\"t18_197\" style=\"left:65px;bottom:483px;letter-spacing:0.04px;display:inline;\">$95 million 2.99% Senior Notes </div><div class=\"t s3_197\" id=\"t19_197\" style=\"left:799px;bottom:483px;letter-spacing:0.01px;word-spacing:0.04px;display:inline;\">June 2030 </div>\n<div class=\"t s3_197\" id=\"t1a_197\" style=\"left:65px;bottom:464px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">$1.0 billion 2.032% USD Corporate Bond </div><div class=\"t s3_197\" id=\"t1b_197\" style=\"left:779px;bottom:464px;letter-spacing:0.07px;word-spacing:-0.01px;display:inline;\">October 2030 </div>\n<div class=\"t s3_197\" id=\"t1c_197\" style=\"left:65px;bottom:446px;letter-spacing:0.03px;display:inline;\">$155 million 3.09% Senior Notes </div>June 2032",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24886": {
   "value": "16 <div class=\"t s2_199\" id=\"t2_199\" style=\"left:87px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div>\n<div class=\"t s3_199\" id=\"t3_199\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_199\" id=\"t4_199\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Derivative \ufb01nancial instruments </div>\n<div class=\"t s5_199\" id=\"t5_199\" style=\"left:74px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Derivative \ufb01nancial instruments are initially recognised at fair value on the date a derivative contract is entered into and are </div>\n<div class=\"t s5_199\" id=\"t6_199\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">subsequently remeasured at their fair value at subsequent balance sheet dates. Changes in the fair value of derivative \ufb01nancial </div>\n<div class=\"t s5_199\" id=\"t7_199\" style=\"left:74px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">instruments that are designated and e\ufb00ective as cash \ufb02ow hedges of forecast third-party transactions are recognised in other </div>\n<div class=\"t s5_199\" id=\"t8_199\" style=\"left:74px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">comprehensive income until the associated asset or liability is recognised. Amounts taken to other comprehensive income are </div>\n<div class=\"t s5_199\" id=\"t9_199\" style=\"left:74px;bottom:832px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">transferred to the income statement in the period in which the hedged transaction a\ufb00ects pro\ufb01t and loss. Where the hedged item </div>\n<div class=\"t s5_199\" id=\"ta_199\" style=\"left:74px;bottom:817px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">is\u00a0the cost of a non-\ufb01nancial asset, the amounts taken to other comprehensive income are transferred to the initial carrying value </div>\n<div class=\"t s5_199\" id=\"tb_199\" style=\"left:74px;bottom:802px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">of\u00a0the asset. </div>\n<div class=\"t s5_199\" id=\"tc_199\" style=\"left:74px;bottom:778px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 9 on 1 January 2018, the Group elected to continue to apply the hedge accounting guidance in IAS 39 </div><div class=\"t s6_199\" id=\"td_199\" style=\"left:790px;bottom:778px;letter-spacing:0.09px;display:inline;\">Financial </div>\n<div class=\"t s6_199\" id=\"te_199\" style=\"left:74px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Instruments: Recognition and Measurement</div><div class=\"t s5_199\" id=\"tf_199\" style=\"left:320px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">. Changes in the fair values of hedging instruments that are designated and e\ufb00ective as </div>\n<div class=\"t s5_199\" id=\"tg_199\" style=\"left:74px;bottom:747px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">net investment hedges are matched in other comprehensive income against changes in value of the related net assets. Interest rate </div>\n<div class=\"t s5_199\" id=\"th_199\" style=\"left:74px;bottom:732px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to \ufb01x interest rates on \ufb02oating rate borrowings are accounted for as cash \ufb02ow hedges and changes in the </div>\n<div class=\"t s5_199\" id=\"ti_199\" style=\"left:74px;bottom:717px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">fair values resulting from changes in market interest rates are recognised in other comprehensive income. Amounts taken to other </div>\n<div class=\"t s5_199\" id=\"tj_199\" style=\"left:74px;bottom:701px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">comprehensive income are transferred to the income statement when the hedged transaction a\ufb00ects pro\ufb01t and loss. Interest rate </div>\n<div class=\"t s5_199\" id=\"tk_199\" style=\"left:74px;bottom:686px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to convert \ufb01xed rate borrowings into \ufb02oating rate borrowings are accounted for as fair value hedges and </div>\n<div class=\"t s5_199\" id=\"tl_199\" style=\"left:74px;bottom:671px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">changes in the fair values resulting from changes in market interest rates are recognised in the income statement. Any ine\ufb00ectiveness </div>\n<div class=\"t s5_199\" id=\"tm_199\" style=\"left:74px;bottom:656px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on hedging instruments and changes in the fair value of derivative \ufb01nancial instruments that do not qualify for hedge accounting </div>\n<div class=\"t s5_199\" id=\"tn_199\" style=\"left:74px;bottom:640px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are\u00a0recognised in the income statement within other\u00a0\ufb01nance costs as they arise. </div>\n<div class=\"t s5_199\" id=\"to_199\" style=\"left:74px;bottom:616px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for </div>\n<div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>\n<div class=\"t s5_199\" id=\"tr_199\" style=\"left:74px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">cumulative gain or loss recognised in other comprehensive income is transferred to the income statement. </div>\n<div class=\"t s7_199\" id=\"ts_199\" style=\"left:65px;bottom:532px;letter-spacing:-0.52px;display:inline;\">16.1 </div><div class=\"t s8_199\" id=\"tt_199\" style=\"left:96px;bottom:532px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Foreign exchange risk management </div>\n<div class=\"t s9_199\" id=\"tu_199\" style=\"left:65px;bottom:515px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group operates in many countries and as a consequence has transactional and translational foreign exchange exposure. It is the </div>\n<div class=\"t s9_199\" id=\"tv_199\" style=\"left:65px;bottom:500px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Group\u2019s\u00a0policy for operating units not to hold material unhedged monetary assets or liabilities other than in their functional currencies. </div>\n<div class=\"t s9_199\" id=\"tw_199\" style=\"left:65px;bottom:476px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Foreign exchange variations a\ufb00ect trading results in two ways. Firstly, on translation of overseas sales and pro\ufb01ts into US Dollars </div>\n<div class=\"t s9_199\" id=\"tx_199\" style=\"left:65px;bottom:460px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and\u00a0secondly, transactional exposures arising where some, or all of the costs of sale are incurred in a di\ufb00erent currency from the sale. </div>\n<div class=\"t s9_199\" id=\"ty_199\" style=\"left:65px;bottom:445px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The principal transactional exposures arise as the proportion of costs in US Dollars, Sterling and Swiss Francs exceed the proportion </div>\n<div class=\"t s9_199\" id=\"tz_199\" style=\"left:65px;bottom:430px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0sales in each of these currencies and correspondingly the proportion of sales in Euros exceeds the proportion of costs in Euros. </div>\n<div class=\"t s9_199\" id=\"t10_199\" style=\"left:65px;bottom:406px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The impact of currency movements on the cost of purchases is partly mitigated by the use of forward foreign exchange contracts. </div>\n<div class=\"t s9_199\" id=\"t11_199\" style=\"left:65px;bottom:391px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The Group uses forward foreign exchange contracts, designated as cash \ufb02ow hedges, to hedge forecast third-party trading cash \ufb02ows </div>\n<div class=\"t s9_199\" id=\"t12_199\" style=\"left:65px;bottom:375px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">up\u00a0to one year. When a commitment is entered into, forward foreign exchange contracts are normally used to increase the hedge </div>\n<div class=\"t s9_199\" id=\"t13_199\" style=\"left:65px;bottom:360px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to 100% of the exposure. Cash \ufb02ows relating to cash \ufb02ow hedges are expected to occur within 12 months of inception and pro\ufb01ts </div>\n<div class=\"t s9_199\" id=\"t14_199\" style=\"left:65px;bottom:345px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and losses on hedges are expected to enter into the determination of pro\ufb01t (within cost of goods sold) within a further 12-month </div>\n<div class=\"t s9_199\" id=\"t15_199\" style=\"left:65px;bottom:330px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">period. The principal currencies hedged by forward foreign exchange contracts are US Dollars, Euros, Sterling and Singapore Dollars. </div>\n<div class=\"t s9_199\" id=\"t16_199\" style=\"left:65px;bottom:314px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">At 31 December 2022, the Group had contracted to exchange within one year the equivalent of $2.2bn (2021: $2.0bn). Based on </div>\n<div class=\"t s9_199\" id=\"t17_199\" style=\"left:65px;bottom:299px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">the Group\u2019s net borrowings as at 31 December 2022, if the US Dollar were to weaken against all currencies by 10%, the Group\u2019s </div>\n<div class=\"t s9_199\" id=\"t18_199\" style=\"left:65px;bottom:284px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">net\u00a0borrowings would increase by\u00a0$41m (2021: $75m) principally due to the Euro-denominated term loans. </div>\n<div class=\"t sa_199\" id=\"t19_199\" style=\"left:830px;bottom:11px;letter-spacing:-1.27px;display:inline;\">197 </div><div class=\"t sb_199\" id=\"t1a_199\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_199\" id=\"t1b_199\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sd_199\" id=\"t1c_199\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sd_199\" id=\"t1d_199\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t se_199\" id=\"t1e_199\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sd_199\" id=\"t1f_199\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_200\" id=\"t1_200\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_200\" id=\"t2_200\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_200\" id=\"t3_200\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_200\" id=\"t4_200\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_200\" id=\"t5_200\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_200\" id=\"t6_200\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_200\" id=\"t7_200\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_200\" id=\"t8_200\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the US Dollar were to weaken by 10% against all other currencies, then the fair value of the forward foreign exchange contracts </div>\n<div class=\"t s8_200\" id=\"t9_200\" style=\"left:43px;bottom:924px;letter-spacing:0.04px;display:inline;\">as at 31 December 2022 would have been $50m lower (2021: $44m lower). Similarly, if the Euro were to weaken by 10% against all </div>\n<div class=\"t s8_200\" id=\"ta_200\" style=\"left:43px;bottom:909px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">other currencies, then the fair value of the forward foreign exchange contracts as at 31 December 2022 would have been $35m higher </div>\n<div class=\"t s8_200\" id=\"tb_200\" style=\"left:43px;bottom:893px;letter-spacing:0.03px;word-spacing:-0.06px;display:inline;\">(2021:\u00a0$26m higher). Movements in the fair value of forward foreign exchange contracts would be recognised in other comprehensive </div>\n<div class=\"t s8_200\" id=\"tc_200\" style=\"left:43px;bottom:878px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">income or in the income statement. </div>\n<div class=\"t s8_200\" id=\"td_200\" style=\"left:43px;bottom:854px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">A 10% strengthening of the US Dollar or Euro against all other currencies at 31 December 2022 would have had the equal but opposite </div>\n<div class=\"t s8_200\" id=\"te_200\" style=\"left:43px;bottom:839px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">e\ufb00ect to the amounts shown above, on the basis that all other variables remain constant. </div>\n<div class=\"t s8_200\" id=\"tf_200\" style=\"left:43px;bottom:815px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">The Group\u2019s policy is to hedge all actual foreign exchange exposures and the Group\u2019s forward foreign exchange contracts are designated </div>\n<div class=\"t s8_200\" id=\"tg_200\" style=\"left:43px;bottom:800px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">as cash \ufb02ow hedges. The net impact of transaction-related foreign exchange on the income statement from a movement in exchange </div>\n<div class=\"t s8_200\" id=\"th_200\" style=\"left:43px;bottom:784px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">rates on the value of forward foreign exchange contracts is not signi\ufb01cant. In addition, the movements in the fair value of other \ufb01nancial </div>\n<div class=\"t s8_200\" id=\"ti_200\" style=\"left:43px;bottom:769px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">instruments used for hedging such as currency swaps for which hedge accounting is not applied o\ufb00set movements in the values of </div>\n<div class=\"t s8_200\" id=\"tj_200\" style=\"left:43px;bottom:754px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">assets and liabilities and are recognised through the income statement. Hedge ine\ufb00ectiveness is caused by actual cash \ufb02ows in foreign </div>\n<div class=\"t s8_200\" id=\"tk_200\" style=\"left:43px;bottom:738px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">currencies varying from forecast cash \ufb02ows. </div>\n<div class=\"t s9_200\" id=\"tl_200\" style=\"left:43px;bottom:714px;letter-spacing:-0.41px;display:inline;\">16.2 </div><div class=\"t sa_200\" id=\"tm_200\" style=\"left:74px;bottom:714px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Interest rate risk management </div>\n<div class=\"t s8_200\" id=\"tn_200\" style=\"left:43px;bottom:696px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">The Group is exposed to interest rate risk on cash, borrowings and certain currency and interest rate swaps which are at \ufb02oating rates. </div>\n<div class=\"t s8_200\" id=\"to_200\" style=\"left:43px;bottom:681px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">When required the Group uses interest rate derivatives to meet its objective of protecting borrowing costs within parameters set </div>\n<div class=\"t s8_200\" id=\"tp_200\" style=\"left:43px;bottom:666px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by the\u00a0Board. These interest rate derivatives are accounted for as cash \ufb02ow hedges and, as such, changes in fair value resulting from </div>\n<div class=\"t s8_200\" id=\"tq_200\" style=\"left:43px;bottom:651px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">changes in market interest rates are recognised in other comprehensive income and accumulated in the hedging reserve, with the </div>\n<div class=\"t s8_200\" id=\"tr_200\" style=\"left:43px;bottom:635px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">fair\u00a0value of the interest rate derivatives recorded in the balance sheet. Additionally, the Group uses interest rate swaps to reduce the </div>\n<div class=\"t s8_200\" id=\"ts_200\" style=\"left:43px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">overall level of \ufb01xed rate debt, within parameters set by the Board. When used in this way, interest rate derivatives are accounted </div>\n<div class=\"t s8_200\" id=\"tt_200\" style=\"left:43px;bottom:605px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">for\u00a0as\u00a0fair value hedges. The fair value movement of the derivative is o\ufb00set in the income statement against the fair value movement </div>\n<div class=\"t s8_200\" id=\"tu_200\" style=\"left:43px;bottom:589px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in\u00a0the\u00a0underlying \ufb01xed rate debt. </div>\n<div class=\"t s8_200\" id=\"tv_200\" style=\"left:43px;bottom:566px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">In 2022, the Group entered into a new \u20ac500m \ufb01xed to \ufb02oating interest rate swap. </div>\n<div class=\"t s8_200\" id=\"tw_200\" style=\"left:43px;bottom:542px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Based on the Group\u2019s gross borrowings and cash as at 31 December 2022, if interest rates were to increase by 100 basis points in all </div>\n<div class=\"t s8_200\" id=\"tx_200\" style=\"left:43px;bottom:526px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">currencies, then the annual net interest charge would increase by $4m (2021: $3m). A decrease in interest rates by 100 basis points </div>\n<div class=\"t s8_200\" id=\"ty_200\" style=\"left:43px;bottom:511px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0all\u00a0currencies would have an equal but opposite e\ufb00ect to the amounts shown above. </div>\n<div class=\"t s9_200\" id=\"tz_200\" style=\"left:43px;bottom:486px;letter-spacing:-0.37px;display:inline;\">16.3 </div><div class=\"t sa_200\" id=\"t10_200\" style=\"left:74px;bottom:486px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Credit risk management </div>\n<div class=\"t s8_200\" id=\"t11_200\" style=\"left:43px;bottom:469px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group limits exposure to credit risk on counterparties used for \ufb01nancial instruments through a system of internal credit limits. </div>\n<div class=\"t s8_200\" id=\"t12_200\" style=\"left:43px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The \ufb01nancial exposure of a counterparty is determined as the total of cash and deposits, plus the risk on derivative instruments, </div>\n<div class=\"t s8_200\" id=\"t13_200\" style=\"left:43px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">assessed as the fair value of the instrument plus a risk element based on the nominal value and the historic volatility of the market </div>\n<div class=\"t s8_200\" id=\"t14_200\" style=\"left:43px;bottom:423px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value of the instrument. The Group does not anticipate non-performance of counterparties and believes it is not subject to material </div>\n<div class=\"t s8_200\" id=\"t15_200\" style=\"left:43px;bottom:408px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">concentration of credit risk as the Group operates within a policy of counterparty limits designed to reduce exposure to any </div>\n<div class=\"t s8_200\" id=\"t16_200\" style=\"left:43px;bottom:393px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">single counterparty. </div>\n<div class=\"t s8_200\" id=\"t17_200\" style=\"left:43px;bottom:369px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The maximum credit risk exposure on derivatives at 31 December 2022 was $47m (2021: $39m), being the total debit fair values </div>\n<div class=\"t s8_200\" id=\"t18_200\" style=\"left:43px;bottom:353px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">on\u00a0forward foreign exchange contracts and currency swaps. The maximum credit risk exposure on cash at bank at 31 December 2022 </div>\n<div class=\"t s8_200\" id=\"t19_200\" style=\"left:43px;bottom:338px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">was\u00a0$350m (2021: $1,290m). The\u00a0Group\u2019s exposure to credit risk on cash is mitigated as the amounts are held in a wide number </div>\n<div class=\"t s8_200\" id=\"t1a_200\" style=\"left:43px;bottom:323px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of\u00a0high\u00a0credit quality \ufb01nancial institutions. Credit risk on trade receivables is detailed in Note 13. </div>\n<div class=\"t sb_200\" id=\"t1b_200\" style=\"left:43px;bottom:11px;letter-spacing:-0.77px;display:inline;\">198 </div><div class=\"t sc_200\" id=\"t1c_200\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_200\" id=\"t1d_200\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_201\" id=\"t1_201\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts relating to items designated as hedging instruments were as follows: </div>\n<div class=\"t s2_201\" id=\"t2_201\" style=\"left:334px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:403px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t4_201\" style=\"left:466px;bottom:936px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Changes in </div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:583px;bottom:936px;letter-spacing:-0.11px;display:inline;\">Hedge </div><div class=\"t s2_201\" id=\"t6_201\" style=\"left:632px;bottom:936px;letter-spacing:-0.07px;word-spacing:-0.19px;display:inline;\">Amounts reclassi\ufb01ed </div>\n<div class=\"t s2_201\" id=\"t7_201\" style=\"left:271px;bottom:924px;letter-spacing:-0.09px;display:inline;\">Nominal </div><div class=\"t s2_201\" id=\"t8_201\" style=\"left:339px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"t9_201\" style=\"left:408px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"ta_201\" style=\"left:474px;bottom:924px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">fair value </div><div class=\"t s2_201\" id=\"tb_201\" style=\"left:539px;bottom:924px;letter-spacing:-0.08px;display:inline;\">ine\ufb00ectiveness </div><div class=\"t s2_201\" id=\"tc_201\" style=\"left:632px;bottom:924px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">from hedging reserve </div>\n<div class=\"t s2_201\" id=\"td_201\" style=\"left:274px;bottom:911px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"te_201\" style=\"left:345px;bottom:911px;letter-spacing:-0.05px;display:inline;\">assets </div><div class=\"t s2_201\" id=\"tf_201\" style=\"left:401px;bottom:911px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"tg_201\" style=\"left:490px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">in OCI </div><div class=\"t s2_201\" id=\"th_201\" style=\"left:542px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">in pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"ti_201\" style=\"left:662px;bottom:911px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">to pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"tj_201\" style=\"left:806px;bottom:911px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">Line item in </div>\n<div class=\"t s2_201\" id=\"tk_201\" style=\"left:251px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tl_201\" style=\"left:253px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tm_201\" style=\"left:256px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tn_201\" style=\"left:270px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"to_201\" style=\"left:316px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tp_201\" style=\"left:318px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tq_201\" style=\"left:321px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tr_201\" style=\"left:335px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"ts_201\" style=\"left:381px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tt_201\" style=\"left:383px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tu_201\" style=\"left:386px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tv_201\" style=\"left:404px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"tw_201\" style=\"left:450px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tx_201\" style=\"left:453px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"ty_201\" style=\"left:455px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tz_201\" style=\"left:478px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t10_201\" style=\"left:524px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t11_201\" style=\"left:526px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t12_201\" style=\"left:529px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t13_201\" style=\"left:573px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t14_201\" style=\"left:619px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t15_201\" style=\"left:622px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t16_201\" style=\"left:624px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t17_201\" style=\"left:694px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t18_201\" style=\"left:741px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t19_201\" style=\"left:743px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1a_201\" style=\"left:745px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1b_201\" style=\"left:800px;bottom:899px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">pro\ufb01t or loss </div>\n<div class=\"t s3_201\" id=\"t1c_201\" style=\"left:69px;bottom:880px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s1_201\" id=\"t1d_201\" style=\"left:300px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1e_201\" style=\"left:303px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1f_201\" style=\"left:365px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1g_201\" style=\"left:368px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1h_201\" style=\"left:434px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1i_201\" style=\"left:437px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1j_201\" style=\"left:508px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1k_201\" style=\"left:511px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1l_201\" style=\"left:603px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1m_201\" style=\"left:606px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1n_201\" style=\"left:724px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1o_201\" style=\"left:727px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1p_201\" style=\"left:850px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1q_201\" style=\"left:853px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t1r_201\" style=\"left:65px;bottom:861px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency risk </div>\n<div class=\"t s1_201\" id=\"t1s_201\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t1t_201\" style=\"left:234px;bottom:850px;display:inline;\">1 </div>\n<div class=\"t s5_201\" id=\"t1u_201\" style=\"left:275px;bottom:843px;display:inline;\">2,598 </div><div class=\"t s5_201\" id=\"t1v_201\" style=\"left:360px;bottom:843px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s5_201\" id=\"t1w_201\" style=\"left:425px;bottom:843px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t s5_201\" id=\"t1x_201\" style=\"left:498px;bottom:843px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t1y_201\" style=\"left:607px;bottom:843px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t1z_201\" style=\"left:714px;bottom:843px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t s5_201\" id=\"t20_201\" style=\"left:755px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t21_201\" style=\"left:65px;bottom:824px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t22_201\" style=\"left:65px;bottom:806px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t23_201\" style=\"left:178px;bottom:813px;display:inline;\">2 </div>\n<div class=\"t s5_201\" id=\"t24_201\" style=\"left:281px;bottom:806px;letter-spacing:-0.03px;display:inline;\">(500) </div><div class=\"t s5_201\" id=\"t25_201\" style=\"left:369px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t26_201\" style=\"left:424px;bottom:806px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t27_201\" style=\"left:512px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t28_201\" style=\"left:607px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t29_201\" style=\"left:728px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t2a_201\" style=\"left:763px;bottom:806px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Fair value hedge </div>\n<div class=\"t s3_201\" id=\"t2b_201\" style=\"left:65px;bottom:787px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t2c_201\" style=\"left:850px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2d_201\" style=\"left:853px;bottom:787px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2e_201\" style=\"left:65px;bottom:769px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Foreign currency risk </div><div class=\"t s1_201\" id=\"t2f_201\" style=\"left:300px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2g_201\" style=\"left:303px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2h_201\" style=\"left:365px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2i_201\" style=\"left:368px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2j_201\" style=\"left:434px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2k_201\" style=\"left:437px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2l_201\" style=\"left:508px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2m_201\" style=\"left:511px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2n_201\" style=\"left:603px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2o_201\" style=\"left:606px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2p_201\" style=\"left:724px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2q_201\" style=\"left:727px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2r_201\" style=\"left:850px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2s_201\" style=\"left:853px;bottom:769px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2t_201\" style=\"left:65px;bottom:751px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t2u_201\" style=\"left:234px;bottom:758px;display:inline;\">1 </div>\n<div class=\"t s1_201\" id=\"t2v_201\" style=\"left:278px;bottom:751px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t s1_201\" id=\"t2w_201\" style=\"left:361px;bottom:751px;letter-spacing:-0.23px;display:inline;\">39 </div><div class=\"t s1_201\" id=\"t2x_201\" style=\"left:427px;bottom:751px;letter-spacing:-0.31px;display:inline;\">(19) </div><div class=\"t s1_201\" id=\"t2y_201\" style=\"left:505px;bottom:751px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s1_201\" id=\"t2z_201\" style=\"left:606px;bottom:751px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t30_201\" style=\"left:728px;bottom:751px;display:inline;\">7 </div><div class=\"t s1_201\" id=\"t31_201\" style=\"left:758px;bottom:751px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t32_201\" style=\"left:65px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t33_201\" style=\"left:65px;bottom:714px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t34_201\" style=\"left:178px;bottom:721px;display:inline;\">2 </div>\n<div class=\"t s1_201\" id=\"t35_201\" style=\"left:303px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t36_201\" style=\"left:368px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t37_201\" style=\"left:438px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t38_201\" style=\"left:511px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t39_201\" style=\"left:606px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3a_201\" style=\"left:728px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3b_201\" style=\"left:838px;bottom:714px;letter-spacing:-0.39px;display:inline;\">N/A </div>\n<div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:690px;display:inline;\">1 </div><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:78px;bottom:690px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">Presented in Trade and other receivables and Trade and other payables on the Balance Sheet. </div>\n<div class=\"t s6_201\" id=\"t3e_201\" style=\"left:65px;bottom:678px;display:inline;\">2 </div><div class=\"t s6_201\" id=\"t3f_201\" style=\"left:78px;bottom:678px;letter-spacing:0.15px;word-spacing:-0.16px;display:inline;\">Presented in Non-current other payables on the Balance Sheet. </div>\n<div class=\"t s7_201\" id=\"t3g_201\" style=\"left:65px;bottom:651px;letter-spacing:-0.46px;display:inline;\">16.4 </div><div class=\"t s8_201\" id=\"t3h_201\" style=\"left:96px;bottom:651px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">Net investment hedge </div>\n<div class=\"t s1_201\" id=\"t3i_201\" style=\"left:65px;bottom:634px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Part of the Group\u2019s net investment in its Euro subsidiaries is hedged by \u20ac500m ($533m equivalent) of our debut EUR Corporate Bond </div>\n<div class=\"t s1_201\" id=\"t3j_201\" style=\"left:65px;bottom:618px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which mitigates the\u00a0foreign currency risk arising from the subsidiaries\u2019 net assets. The Bond is designated as a hedging instrument for </div>\n<div class=\"t s1_201\" id=\"t3k_201\" style=\"left:65px;bottom:603px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0changes in\u00a0the\u00a0value of the net investment that is attributable to changes in the EUR/USD spot rate. </div>\n<div class=\"t s1_201\" id=\"t3l_201\" style=\"left:65px;bottom:579px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">To assess hedge e\ufb00ectiveness, the Group determines the economic relationship between the hedging instrument and the hedged item </div>\n<div class=\"t s1_201\" id=\"t3m_201\" style=\"left:65px;bottom:564px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">by comparing changes in the carrying amount of the debt that is attributable to a change in the spot rate with changes in the investment </div>\n<div class=\"t s1_201\" id=\"t3n_201\" style=\"left:65px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in the foreign operation due to movements in the spot rate (the o\ufb00set method). The Group\u2019s policy is to hedge the net investment only </div>\n<div class=\"t s1_201\" id=\"t3o_201\" style=\"left:65px;bottom:533px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to\u00a0the extent of the debt principal. Hedge ine\ufb00ectiveness occurs if the value of the Euro-denominated Corporate Bond exceeds the </div>\n<div class=\"t s1_201\" id=\"t3p_201\" style=\"left:65px;bottom:518px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">value\u00a0of\u00a0the Euro subsidiaries. </div>\n<div class=\"t s7_201\" id=\"t3q_201\" style=\"left:65px;bottom:493px;letter-spacing:-0.4px;display:inline;\">16.5 </div><div class=\"t s8_201\" id=\"t3r_201\" style=\"left:96px;bottom:493px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities and assets </div>\n<div class=\"t s1_201\" id=\"t3s_201\" style=\"left:65px;bottom:476px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Short-term receivables and payables are excluded from the following disclosures. </div>\n<div class=\"t s1_201\" id=\"t3t_201\" style=\"left:65px;bottom:452px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities: </div>\n<div class=\"t s2_201\" id=\"t3u_201\" style=\"left:766px;bottom:439px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">Fixed rate liabilities </div>\n<div class=\"t s2_201\" id=\"t3v_201\" style=\"left:866px;bottom:434px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t3w_201\" style=\"left:260px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3x_201\" style=\"left:262px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3y_201\" style=\"left:340px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3z_201\" style=\"left:409px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t40_201\" style=\"left:474px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t41_201\" style=\"left:548px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t42_201\" style=\"left:630px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t43_201\" style=\"left:704px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t44_201\" style=\"left:782px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t45_201\" style=\"left:814px;bottom:422px;letter-spacing:-0.16px;display:inline;\">Weighted\u00a0</div>\n<div class=\"t s2_201\" id=\"t46_201\" style=\"left:823px;bottom:410px;letter-spacing:-0.16px;display:inline;\">average </div>\n<div class=\"t s2_201\" id=\"t47_201\" style=\"left:428px;bottom:398px;letter-spacing:-0.08px;display:inline;\">Interest </div><div class=\"t s2_201\" id=\"t48_201\" style=\"left:727px;bottom:398px;letter-spacing:-0.16px;display:inline;\">Weighted </div><div class=\"t s2_201\" id=\"t49_201\" style=\"left:839px;bottom:398px;letter-spacing:-0.1px;display:inline;\">time\u00a0</div>\n<div class=\"t s2_201\" id=\"t4a_201\" style=\"left:305px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Gross </div><div class=\"t s2_201\" id=\"t4b_201\" style=\"left:358px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Currency </div><div class=\"t s2_201\" id=\"t4c_201\" style=\"left:447px;bottom:386px;letter-spacing:-0.15px;display:inline;\">rate </div><div class=\"t s2_201\" id=\"t4d_201\" style=\"left:516px;bottom:386px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_201\" id=\"t4e_201\" style=\"left:583px;bottom:386px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s2_201\" id=\"t4f_201\" style=\"left:648px;bottom:386px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Fixed\u00a0rate </div><div class=\"t s2_201\" id=\"t4g_201\" style=\"left:736px;bottom:386px;letter-spacing:-0.16px;display:inline;\">average </div><div class=\"t s2_201\" id=\"t4h_201\" style=\"left:816px;bottom:386px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">for\u00a0which </div><div class=\"t s2_201\" id=\"t4i_201\" style=\"left:866px;bottom:386px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4j_201\" style=\"left:278px;bottom:373px;letter-spacing:-0.08px;display:inline;\">borrowings </div><div class=\"t s2_201\" id=\"t4k_201\" style=\"left:372px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4l_201\" style=\"left:436px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4m_201\" style=\"left:497px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4n_201\" style=\"left:556px;bottom:373px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">rate liabilities </div><div class=\"t s2_201\" id=\"t4o_201\" style=\"left:652px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4p_201\" style=\"left:713px;bottom:373px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">interest\u00a0rate </div><div class=\"t s2_201\" id=\"t4q_201\" style=\"left:805px;bottom:373px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">rate\u00a0is\u00a0\ufb01xed </div><div class=\"t s2_201\" id=\"t4r_201\" style=\"left:866px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4s_201\" style=\"left:260px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:262px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4u_201\" style=\"left:265px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:291px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:338px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:340px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4y_201\" style=\"left:342px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:361px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t50_201\" style=\"left:407px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:409px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:412px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:426px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t54_201\" style=\"left:472px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:474px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:477px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:499px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t58_201\" style=\"left:546px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t59_201\" style=\"left:548px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:550px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5b_201\" style=\"left:581px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5c_201\" style=\"left:628px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:630px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5e_201\" style=\"left:633px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:655px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5g_201\" style=\"left:702px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:704px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5i_201\" style=\"left:706px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5j_201\" style=\"left:765px;bottom:361px;display:inline;\">%\u00a0</div><div class=\"t s2_201\" id=\"t5k_201\" style=\"left:782px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5l_201\" style=\"left:784px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5m_201\" style=\"left:834px;bottom:361px;letter-spacing:-0.25px;display:inline;\">Years\u00a0</div>\n<div class=\"t s3_201\" id=\"t5n_201\" style=\"left:69px;bottom:342px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s5_201\" id=\"t5o_201\" style=\"left:322px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5p_201\" style=\"left:325px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5q_201\" style=\"left:391px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5r_201\" style=\"left:394px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5s_201\" style=\"left:456px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5t_201\" style=\"left:459px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5u_201\" style=\"left:530px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5v_201\" style=\"left:533px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5w_201\" style=\"left:612px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5x_201\" style=\"left:615px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5y_201\" style=\"left:686px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5z_201\" style=\"left:688px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t60_201\" style=\"left:764px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t61_201\" style=\"left:766px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t62_201\" style=\"left:850px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t63_201\" style=\"left:853px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t64_201\" style=\"left:65px;bottom:323px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s5_201\" id=\"t65_201\" style=\"left:292px;bottom:323px;letter-spacing:-0.13px;display:inline;\">(2,159) </div><div class=\"t s5_201\" id=\"t66_201\" style=\"left:373px;bottom:323px;letter-spacing:-0.32px;display:inline;\">(163) </div><div class=\"t s5_201\" id=\"t67_201\" style=\"left:460px;bottom:323px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t68_201\" style=\"left:500px;bottom:323px;letter-spacing:-0.15px;display:inline;\">(2,322) </div><div class=\"t s5_201\" id=\"t69_201\" style=\"left:594px;bottom:323px;letter-spacing:-0.34px;display:inline;\">(193) </div><div class=\"t s5_201\" id=\"t6a_201\" style=\"left:656px;bottom:323px;letter-spacing:-0.14px;display:inline;\">(2,129) </div><div class=\"t s5_201\" id=\"t6b_201\" style=\"left:755px;bottom:323px;letter-spacing:-0.12px;display:inline;\">2.7 </div><div class=\"t s5_201\" id=\"t6c_201\" style=\"left:841px;bottom:323px;letter-spacing:-0.02px;display:inline;\">5.9 </div>\n<div class=\"t s1_201\" id=\"t6d_201\" style=\"left:65px;bottom:305px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_201\" id=\"t6e_201\" style=\"left:304px;bottom:305px;letter-spacing:-0.43px;display:inline;\">(517) </div><div class=\"t s5_201\" id=\"t6f_201\" style=\"left:372px;bottom:305px;letter-spacing:-0.05px;display:inline;\">(206) </div><div class=\"t s5_201\" id=\"t6g_201\" style=\"left:446px;bottom:305px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6h_201\" style=\"left:511px;bottom:305px;letter-spacing:-0.1px;display:inline;\">(736) </div><div class=\"t s5_201\" id=\"t6i_201\" style=\"left:593px;bottom:305px;letter-spacing:-0.2px;display:inline;\">(220) </div><div class=\"t s5_201\" id=\"t6j_201\" style=\"left:668px;bottom:305px;letter-spacing:-0.36px;display:inline;\">(516) </div>\n<div class=\"t s3_201\" id=\"t6k_201\" style=\"left:65px;bottom:286px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s5_201\" id=\"t6l_201\" style=\"left:292px;bottom:286px;letter-spacing:-0.17px;display:inline;\">(2,676) </div><div class=\"t s5_201\" id=\"t6m_201\" style=\"left:373px;bottom:286px;letter-spacing:-0.19px;display:inline;\">(369) </div><div class=\"t s5_201\" id=\"t6n_201\" style=\"left:446px;bottom:286px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6o_201\" style=\"left:499px;bottom:286px;letter-spacing:-0.09px;display:inline;\">(3,058) </div><div class=\"t s5_201\" id=\"t6p_201\" style=\"left:594px;bottom:286px;letter-spacing:-0.4px;display:inline;\">(413) </div><div class=\"t s5_201\" id=\"t6q_201\" style=\"left:655px;bottom:286px;letter-spacing:-0.06px;display:inline;\">(2,645) </div><div class=\"t s5_201\" id=\"t6r_201\" style=\"left:763px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6s_201\" style=\"left:766px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6t_201\" style=\"left:850px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6u_201\" style=\"left:853px;bottom:286px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t6v_201\" style=\"left:65px;bottom:268px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t6w_201\" style=\"left:322px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6x_201\" style=\"left:325px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6y_201\" style=\"left:391px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6z_201\" style=\"left:394px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t70_201\" style=\"left:456px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t71_201\" style=\"left:459px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t72_201\" style=\"left:529px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t73_201\" style=\"left:532px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t74_201\" style=\"left:612px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t75_201\" style=\"left:615px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t76_201\" style=\"left:685px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t77_201\" style=\"left:688px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t78_201\" style=\"left:763px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t79_201\" style=\"left:766px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7a_201\" style=\"left:850px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7b_201\" style=\"left:853px;bottom:268px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t7c_201\" style=\"left:65px;bottom:249px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s1_201\" id=\"t7d_201\" style=\"left:296px;bottom:249px;letter-spacing:-0.18px;display:inline;\">(2,278) </div><div class=\"t s1_201\" id=\"t7e_201\" style=\"left:376px;bottom:249px;letter-spacing:-0.33px;display:inline;\">(201) </div><div class=\"t s1_201\" id=\"t7f_201\" style=\"left:459px;bottom:249px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7g_201\" style=\"left:504px;bottom:249px;letter-spacing:-0.22px;display:inline;\">(2,479) </div><div class=\"t s1_201\" id=\"t7h_201\" style=\"left:596px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(226) </div><div class=\"t s1_201\" id=\"t7i_201\" style=\"left:660px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t7j_201\" style=\"left:757px;bottom:249px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s1_201\" id=\"t7k_201\" style=\"left:843px;bottom:249px;letter-spacing:0.1px;display:inline;\">6.5 </div>\n<div class=\"t s1_201\" id=\"t7l_201\" style=\"left:65px;bottom:231px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s1_201\" id=\"t7m_201\" style=\"left:306px;bottom:231px;letter-spacing:-0.04px;display:inline;\">(864) </div><div class=\"t s1_201\" id=\"t7n_201\" style=\"left:375px;bottom:231px;letter-spacing:-0.08px;display:inline;\">(136) </div><div class=\"t s1_201\" id=\"t7o_201\" style=\"left:459px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7p_201\" style=\"left:503px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7q_201\" style=\"left:585px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7r_201\" style=\"left:689px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7s_201\" style=\"left:767px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7t_201\" style=\"left:853px;bottom:231px;display:inline;\">\u2013 </div>\n<div class=\"t s3_201\" id=\"t7u_201\" style=\"left:65px;bottom:213px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s1_201\" id=\"t7v_201\" style=\"left:297px;bottom:213px;letter-spacing:-0.31px;display:inline;\">(3,142) </div><div class=\"t s1_201\" id=\"t7w_201\" style=\"left:375px;bottom:213px;letter-spacing:-0.05px;display:inline;\">(337) </div><div class=\"t s1_201\" id=\"t7x_201\" style=\"left:459px;bottom:213px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7y_201\" style=\"left:504px;bottom:213px;letter-spacing:-0.18px;display:inline;\">(3,479) </div><div class=\"t s1_201\" id=\"t7z_201\" style=\"left:586px;bottom:213px;letter-spacing:-0.16px;display:inline;\">(1,226) </div><div class=\"t s1_201\" id=\"t80_201\" style=\"left:660px;bottom:213px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t81_201\" style=\"left:763px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t82_201\" style=\"left:766px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t83_201\" style=\"left:850px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t84_201\" style=\"left:853px;bottom:213px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t85_201\" style=\"left:65px;bottom:184px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">In 2022, the Group also had liabilities due for deferred and contingent acquisition consideration (denominated in US Dollars, Swiss Francs </div>\n<div class=\"t s1_201\" id=\"t86_201\" style=\"left:65px;bottom:168px;word-spacing:0.03px;display:inline;\">and Euros) totalling $92m (2021: $91m, 2020: $165m) on which no interest was payable (see Note 14). There were no other\u00a0signi\ufb01cant </div>\n<div class=\"t s1_201\" id=\"t87_201\" style=\"left:65px;bottom:153px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">interest bearing or non-interest bearing \ufb01nancial liabilities. Euro \ufb02oating rates are typically based on EURIBOR and US Dollar rates are </div>\n<div class=\"t s1_201\" id=\"t88_201\" style=\"left:65px;bottom:138px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">typically based on SOFR. The\u00a0weighted average interest rate on \ufb02oating rate borrowings as at\u00a031 December 2022 was over 3% (2021: </div>\n<div class=\"t s1_201\" id=\"t89_201\" style=\"left:65px;bottom:123px;letter-spacing:-0.09px;word-spacing:0.11px;display:inline;\">less than 1%). </div>\n<div class=\"t s9_201\" id=\"t8a_201\" style=\"left:829px;bottom:11px;letter-spacing:-0.79px;display:inline;\">199 </div><div class=\"t sa_201\" id=\"t8b_201\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_201\" id=\"t8c_201\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_201\" id=\"t8d_201\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_201\" id=\"t8e_201\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_201\" id=\"t8f_201\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_201\" id=\"t8g_201\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_202\" id=\"t1_202\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_202\" id=\"t2_202\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_202\" id=\"t3_202\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_202\" id=\"t4_202\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_202\" id=\"t5_202\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_202\" id=\"t6_202\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_202\" id=\"t7_202\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_202\" id=\"t8_202\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing assets: </div>\n<div class=\"t s9_202\" id=\"t9_202\" style=\"left:320px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ta_202\" style=\"left:323px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tb_202\" style=\"left:378px;bottom:917px;letter-spacing:-0.04px;display:inline;\">Cash </div><div class=\"t s9_202\" id=\"tc_202\" style=\"left:444px;bottom:917px;letter-spacing:-0.08px;display:inline;\">Currency\u00a0</div><div class=\"t s9_202\" id=\"td_202\" style=\"left:518px;bottom:917px;letter-spacing:-0.1px;word-spacing:-0.13px;display:inline;\">Interest rate\u00a0</div><div class=\"t s9_202\" id=\"te_202\" style=\"left:587px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tf_202\" style=\"left:674px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tg_202\" style=\"left:713px;bottom:917px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s9_202\" id=\"th_202\" style=\"left:814px;bottom:917px;letter-spacing:-0.15px;display:inline;\">Fixed\u00a0</div>\n<div class=\"t s9_202\" id=\"ti_202\" style=\"left:366px;bottom:905px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">at\u00a0bank </div><div class=\"t s9_202\" id=\"tj_202\" style=\"left:458px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tk_202\" style=\"left:549px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tl_202\" style=\"left:607px;bottom:905px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Total\u00a0assets </div><div class=\"t s9_202\" id=\"tm_202\" style=\"left:699px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"tn_202\" style=\"left:785px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"to_202\" style=\"left:844px;bottom:905px;display:inline;\">\u00a0</div>\n<div class=\"t s9_202\" id=\"tp_202\" style=\"left:320px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tq_202\" style=\"left:323px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tr_202\" style=\"left:325px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ts_202\" style=\"left:327px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tt_202\" style=\"left:361px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tu_202\" style=\"left:407px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tv_202\" style=\"left:409px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tw_202\" style=\"left:412px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tx_202\" style=\"left:414px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ty_202\" style=\"left:447px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tz_202\" style=\"left:494px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t10_202\" style=\"left:496px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t11_202\" style=\"left:498px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t12_202\" style=\"left:501px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t13_202\" style=\"left:538px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t14_202\" style=\"left:585px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t15_202\" style=\"left:587px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t16_202\" style=\"left:589px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t17_202\" style=\"left:592px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t18_202\" style=\"left:625px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t19_202\" style=\"left:671px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1a_202\" style=\"left:674px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1b_202\" style=\"left:676px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1c_202\" style=\"left:678px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1d_202\" style=\"left:711px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1e_202\" style=\"left:758px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1f_202\" style=\"left:760px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1g_202\" style=\"left:763px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1h_202\" style=\"left:765px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1i_202\" style=\"left:798px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1j_202\" style=\"left:844px;bottom:893px;display:inline;\">\u00a0</div>\n<div class=\"t sa_202\" id=\"t1k_202\" style=\"left:48px;bottom:873px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div>\n<div class=\"t s8_202\" id=\"t1l_202\" style=\"left:43px;bottom:854px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t sb_202\" id=\"t1m_202\" style=\"left:378px;bottom:854px;letter-spacing:-0.26px;display:inline;\">207 </div><div class=\"t sb_202\" id=\"t1n_202\" style=\"left:464px;bottom:854px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t sb_202\" id=\"t1o_202\" style=\"left:572px;bottom:854px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1p_202\" style=\"left:642px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1q_202\" style=\"left:729px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1r_202\" style=\"left:832px;bottom:854px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t1s_202\" style=\"left:43px;bottom:836px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t sb_202\" id=\"t1t_202\" style=\"left:377px;bottom:836px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sb_202\" id=\"t1u_202\" style=\"left:464px;bottom:836px;letter-spacing:-0.27px;display:inline;\">164 </div><div class=\"t sb_202\" id=\"t1v_202\" style=\"left:572px;bottom:836px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1w_202\" style=\"left:642px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1x_202\" style=\"left:728px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1y_202\" style=\"left:832px;bottom:836px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t1z_202\" style=\"left:43px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t sb_202\" id=\"t20_202\" style=\"left:377px;bottom:818px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sb_202\" id=\"t21_202\" style=\"left:464px;bottom:818px;letter-spacing:-0.23px;display:inline;\">369 </div><div class=\"t sb_202\" id=\"t22_202\" style=\"left:572px;bottom:818px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t23_202\" style=\"left:642px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t24_202\" style=\"left:729px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t25_202\" style=\"left:832px;bottom:818px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t26_202\" style=\"left:43px;bottom:799px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div>\n<div class=\"t s8_202\" id=\"t27_202\" style=\"left:43px;bottom:781px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s8_202\" id=\"t28_202\" style=\"left:369px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,156 </div><div class=\"t s8_202\" id=\"t29_202\" style=\"left:466px;bottom:781px;letter-spacing:-0.2px;display:inline;\">135 </div><div class=\"t s8_202\" id=\"t2a_202\" style=\"left:572px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2b_202\" style=\"left:633px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2c_202\" style=\"left:720px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2d_202\" style=\"left:832px;bottom:781px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2e_202\" style=\"left:43px;bottom:762px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s8_202\" id=\"t2f_202\" style=\"left:379px;bottom:762px;letter-spacing:-0.1px;display:inline;\">134 </div><div class=\"t s8_202\" id=\"t2g_202\" style=\"left:466px;bottom:762px;letter-spacing:-0.43px;display:inline;\">202 </div><div class=\"t s8_202\" id=\"t2h_202\" style=\"left:572px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2i_202\" style=\"left:643px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2j_202\" style=\"left:730px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2k_202\" style=\"left:832px;bottom:762px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t2l_202\" style=\"left:43px;bottom:744px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t s8_202\" id=\"t2m_202\" style=\"left:369px;bottom:744px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_202\" id=\"t2n_202\" style=\"left:466px;bottom:744px;letter-spacing:-0.36px;display:inline;\">337 </div><div class=\"t s8_202\" id=\"t2o_202\" style=\"left:572px;bottom:744px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2p_202\" style=\"left:634px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2q_202\" style=\"left:720px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2r_202\" style=\"left:832px;bottom:744px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2s_202\" style=\"left:43px;bottom:706px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Floating rates on assets are typically based on the short-term deposit rates relevant to the currency concerned. </div>\n<div class=\"t sc_202\" id=\"t2t_202\" style=\"left:43px;bottom:682px;letter-spacing:-0.51px;display:inline;\">16.6 </div><div class=\"t sd_202\" id=\"t2u_202\" style=\"left:74px;bottom:682px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Fair value of \ufb01nancial assets and liabilities </div>\n<div class=\"t se_202\" id=\"t2v_202\" style=\"left:53px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\n<div class=\"t sg_202\" id=\"t35_202\" style=\"left:53px;bottom:479px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">the\u00a0change has occurred. </div>\n<div class=\"t s8_202\" id=\"t36_202\" style=\"left:43px;bottom:442px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">There has been no change in the classi\ufb01cation of \ufb01nancial assets and liabilities, the method and assumptions used in determining fair </div>\n<div class=\"t s8_202\" id=\"t37_202\" style=\"left:43px;bottom:426px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value and the categorisation of \ufb01nancial assets and liabilities within the fair value hierarchy from those disclosed in the Annual Report </div>\n<div class=\"t s8_202\" id=\"t38_202\" style=\"left:43px;bottom:411px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">for\u00a0the year ended 31 December 2021. </div>\n<div class=\"t s8_202\" id=\"t39_202\" style=\"left:43px;bottom:387px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group enters into derivative \ufb01nancial instruments with \ufb01nancial institutions with investment grade credit ratings. The fair value </div>\n<div class=\"t s8_202\" id=\"t3a_202\" style=\"left:43px;bottom:372px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of forward foreign exchange contracts is calculated by reference to quoted market forward exchange rates for contracts with similar </div>\n<div class=\"t s8_202\" id=\"t3b_202\" style=\"left:43px;bottom:357px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">maturity pro\ufb01les. The fair value of currency swaps is determined by reference to quoted market spot rates. As a result, foreign forward </div>\n<div class=\"t s8_202\" id=\"t3c_202\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">exchange contracts and currency swaps are classi\ufb01ed as Level 2 within the fair value hierarchy. The changes in counterparty credit </div>\n<div class=\"t s8_202\" id=\"t3d_202\" style=\"left:43px;bottom:326px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">risk had no material e\ufb00ect on the hedge e\ufb00ectiveness for derivatives designated in hedge relationships and other \ufb01nancial instruments </div>\n<div class=\"t s8_202\" id=\"t3e_202\" style=\"left:43px;bottom:311px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">recognised at fair value. The fair value of investments is based upon third-party pricing models for share issues. As a result, investments </div>\n<div class=\"t s8_202\" id=\"t3f_202\" style=\"left:43px;bottom:295px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">are considered Level 3 in the fair value hierarchy. There were no transfers between Levels 1, 2 and 3 during 2022 and 2021. For cash </div>\n<div class=\"t s8_202\" id=\"t3g_202\" style=\"left:43px;bottom:280px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and cash equivalents, short-term loans and receivables, overdra\ufb05s and other short-term liabilities which have a maturity of less than </div>\n<div class=\"t s8_202\" id=\"t3h_202\" style=\"left:43px;bottom:265px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">three\u00a0months, the book values approximate the fair values\u00a0because of\u00a0their short-term nature. </div>\n<div class=\"t s8_202\" id=\"t3i_202\" style=\"left:43px;bottom:241px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Long-term borrowings are measured in the balance sheet at amortised cost. The corporate bonds issued in October 2020 and October </div>\n<div class=\"t s8_202\" id=\"t3j_202\" style=\"left:43px;bottom:226px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">2022 are publicly listed and a market price is available. The Group\u2019s other long-term borrowings are not quoted publicly, their fair values </div>\n<div class=\"t s8_202\" id=\"t3k_202\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">are estimated by\u00a0discounting future contractual cash \ufb02ows to net present\u00a0values at the current market interest rates available to the </div>\n<div class=\"t s8_202\" id=\"t3l_202\" style=\"left:43px;bottom:195px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Group for similar\u00a0\ufb01nancial instruments as at the year end. The fair\u00a0value of\u00a0the\u00a0private placement notes is determined using a discounted </div>\n<div class=\"t s8_202\" id=\"t3m_202\" style=\"left:43px;bottom:180px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">cash \ufb02ow model based on prevailing market rates. </div>\n<div class=\"t sh_202\" id=\"t3n_202\" style=\"left:43px;bottom:11px;letter-spacing:-0.46px;display:inline;\">200 </div><div class=\"t si_202\" id=\"t3o_202\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_202\" id=\"t3p_202\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_203\" id=\"t1_203\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The following table shows the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial liabilities, including their levels in the </div>\n<div class=\"t s1_203\" id=\"t2_203\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">fair\u00a0value hierarchy. It does not include fair value information for \ufb01nancial assets and \ufb01nancial liabilities not measured at fair value. </div>\n<div class=\"t s2_203\" id=\"t3_203\" style=\"left:646px;bottom:920px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s2_203\" id=\"t4_203\" style=\"left:650px;bottom:908px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_203\" id=\"t5_203\" style=\"left:814px;bottom:908px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair\u00a0value </div>\n<div class=\"t s2_203\" id=\"t6_203\" style=\"left:299px;bottom:879px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s2_203\" id=\"t7_203\" style=\"left:316px;bottom:867px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s2_203\" id=\"t8_203\" style=\"left:295px;bottom:855px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s2_203\" id=\"t9_203\" style=\"left:372px;bottom:867px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s2_203\" id=\"ta_203\" style=\"left:403px;bottom:855px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s2_203\" id=\"tb_203\" style=\"left:442px;bottom:879px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tc_203\" style=\"left:450px;bottom:867px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"td_203\" style=\"left:471px;bottom:855px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s2_203\" id=\"te_203\" style=\"left:507px;bottom:892px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tf_203\" style=\"left:515px;bottom:879px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"tg_203\" style=\"left:526px;bottom:867px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s2_203\" id=\"th_203\" style=\"left:523px;bottom:855px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s2_203\" id=\"ti_203\" style=\"left:590px;bottom:879px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s2_203\" id=\"tj_203\" style=\"left:577px;bottom:867px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s2_203\" id=\"tk_203\" style=\"left:574px;bottom:855px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_203\" id=\"tl_203\" style=\"left:663px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_203\" id=\"tm_203\" style=\"left:709px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s2_203\" id=\"tn_203\" style=\"left:766px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s2_203\" id=\"to_203\" style=\"left:836px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s2_203\" id=\"tp_203\" style=\"left:69px;bottom:843px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">At\u00a031\u00a0December\u00a02022 </div><div class=\"t s2_203\" id=\"tq_203\" style=\"left:281px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tr_203\" style=\"left:284px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"ts_203\" style=\"left:286px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tt_203\" style=\"left:313px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"tu_203\" style=\"left:359px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tv_203\" style=\"left:362px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tw_203\" style=\"left:364px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tx_203\" style=\"left:382px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"ty_203\" style=\"left:429px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tz_203\" style=\"left:431px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t10_203\" style=\"left:433px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t11_203\" style=\"left:447px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t12_203\" style=\"left:494px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t13_203\" style=\"left:496px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t14_203\" style=\"left:498px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t15_203\" style=\"left:512px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t16_203\" style=\"left:559px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t17_203\" style=\"left:561px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t18_203\" style=\"left:563px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t19_203\" style=\"left:577px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1a_203\" style=\"left:624px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1b_203\" style=\"left:626px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1c_203\" style=\"left:628px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1d_203\" style=\"left:646px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1e_203\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1f_203\" style=\"left:695px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1g_203\" style=\"left:698px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1h_203\" style=\"left:752px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1i_203\" style=\"left:754px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1j_203\" style=\"left:808px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1k_203\" style=\"left:810px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1l_203\" style=\"left:820px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:823px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:809px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t1o_203\" style=\"left:343px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1p_203\" style=\"left:346px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1q_203\" style=\"left:413px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1r_203\" style=\"left:416px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:478px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1t_203\" style=\"left:481px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1u_203\" style=\"left:543px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1v_203\" style=\"left:546px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1w_203\" style=\"left:608px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1x_203\" style=\"left:611px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1y_203\" style=\"left:677px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1z_203\" style=\"left:680px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t20_203\" style=\"left:733px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t21_203\" style=\"left:736px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t22_203\" style=\"left:789px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t23_203\" style=\"left:792px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t24_203\" style=\"left:850px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t25_203\" style=\"left:853px;bottom:809px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t26_203\" style=\"left:65px;bottom:791px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t27_203\" style=\"left:338px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t28_203\" style=\"left:416px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t29_203\" style=\"left:481px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2a_203\" style=\"left:546px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2b_203\" style=\"left:611px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2c_203\" style=\"left:671px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2d_203\" style=\"left:728px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2e_203\" style=\"left:793px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2f_203\" style=\"left:845px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div>\n<div class=\"t s1_203\" id=\"t2g_203\" style=\"left:65px;bottom:773px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s4_203\" id=\"t2h_203\" style=\"left:347px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2i_203\" style=\"left:416px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2j_203\" style=\"left:481px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2k_203\" style=\"left:537px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2l_203\" style=\"left:611px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2m_203\" style=\"left:672px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2n_203\" style=\"left:737px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2o_203\" style=\"left:784px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2p_203\" style=\"left:845px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div>\n<div class=\"t s1_203\" id=\"t2q_203\" style=\"left:65px;bottom:754px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s4_203\" id=\"t2r_203\" style=\"left:347px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2s_203\" style=\"left:416px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2t_203\" style=\"left:481px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2u_203\" style=\"left:537px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2v_203\" style=\"left:611px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2w_203\" style=\"left:672px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2x_203\" style=\"left:737px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2y_203\" style=\"left:784px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2z_203\" style=\"left:845px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div>\n<div class=\"t s1_203\" id=\"t30_203\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t31_203\" style=\"left:347px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t32_203\" style=\"left:416px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t33_203\" style=\"left:481px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t34_203\" style=\"left:546px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t35_203\" style=\"left:611px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t36_203\" style=\"left:680px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t37_203\" style=\"left:736px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t38_203\" style=\"left:793px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t39_203\" style=\"left:853px;bottom:736px;display:inline;\">1 </div>\n<div class=\"t s4_203\" id=\"t3a_203\" style=\"left:338px;bottom:717px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t3b_203\" style=\"left:416px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3c_203\" style=\"left:481px;bottom:717px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t3d_203\" style=\"left:537px;bottom:717px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s4_203\" id=\"t3e_203\" style=\"left:611px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3f_203\" style=\"left:671px;bottom:717px;letter-spacing:-0.23px;display:inline;\">77 </div><div class=\"t s4_203\" id=\"t3g_203\" style=\"left:789px;bottom:717px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3h_203\" style=\"left:792px;bottom:717px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t3i_203\" style=\"left:65px;bottom:699px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t s3_203\" id=\"t3j_203\" style=\"left:65px;bottom:685px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t3k_203\" style=\"left:343px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3l_203\" style=\"left:346px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3m_203\" style=\"left:413px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3n_203\" style=\"left:416px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3o_203\" style=\"left:478px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3p_203\" style=\"left:480px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3q_203\" style=\"left:543px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3r_203\" style=\"left:545px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3s_203\" style=\"left:607px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3t_203\" style=\"left:610px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3u_203\" style=\"left:677px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3v_203\" style=\"left:680px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3w_203\" style=\"left:733px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3x_203\" style=\"left:736px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3y_203\" style=\"left:789px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3z_203\" style=\"left:792px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t40_203\" style=\"left:850px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t41_203\" style=\"left:853px;bottom:685px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t42_203\" style=\"left:65px;bottom:667px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t43_203\" style=\"left:347px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t44_203\" style=\"left:416px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t45_203\" style=\"left:481px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t46_203\" style=\"left:532px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t47_203\" style=\"left:611px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t48_203\" style=\"left:666px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t49_203\" style=\"left:737px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4a_203\" style=\"left:779px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t4b_203\" style=\"left:840px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div>\n<div class=\"t s1_203\" id=\"t4c_203\" style=\"left:65px;bottom:648px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t4d_203\" style=\"left:334px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4e_203\" style=\"left:416px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4f_203\" style=\"left:481px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4g_203\" style=\"left:546px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4h_203\" style=\"left:611px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4i_203\" style=\"left:667px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4j_203\" style=\"left:724px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4k_203\" style=\"left:793px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4l_203\" style=\"left:840px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div>\n<div class=\"t s1_203\" id=\"t4m_203\" style=\"left:65px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div><div class=\"t s4_203\" id=\"t4n_203\" style=\"left:333px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4o_203\" style=\"left:416px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4p_203\" style=\"left:481px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4q_203\" style=\"left:546px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4r_203\" style=\"left:611px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4s_203\" style=\"left:667px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4t_203\" style=\"left:723px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4u_203\" style=\"left:793px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4v_203\" style=\"left:840px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div>\n<div class=\"t s1_203\" id=\"t4w_203\" style=\"left:65px;bottom:611px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t4x_203\" style=\"left:347px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4y_203\" style=\"left:416px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4z_203\" style=\"left:476px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t50_203\" style=\"left:546px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t51_203\" style=\"left:611px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t52_203\" style=\"left:675px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t53_203\" style=\"left:732px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t54_203\" style=\"left:793px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t55_203\" style=\"left:848px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t s4_203\" id=\"t56_203\" style=\"left:333px;bottom:593px;letter-spacing:-0.25px;display:inline;\">(55) </div><div class=\"t s4_203\" id=\"t57_203\" style=\"left:416px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t58_203\" style=\"left:476px;bottom:593px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t59_203\" style=\"left:532px;bottom:593px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t5a_203\" style=\"left:611px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t5b_203\" style=\"left:658px;bottom:593px;letter-spacing:-0.2px;display:inline;\">(134) </div><div class=\"t s4_203\" id=\"t5c_203\" style=\"left:733px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5d_203\" style=\"left:736px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5e_203\" style=\"left:789px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5f_203\" style=\"left:792px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5g_203\" style=\"left:850px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5h_203\" style=\"left:853px;bottom:593px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t5i_203\" style=\"left:65px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t s3_203\" id=\"t5j_203\" style=\"left:65px;bottom:561px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t5k_203\" style=\"left:343px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5l_203\" style=\"left:346px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5m_203\" style=\"left:412px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5n_203\" style=\"left:415px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5o_203\" style=\"left:477px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5p_203\" style=\"left:480px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5q_203\" style=\"left:542px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5r_203\" style=\"left:545px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5s_203\" style=\"left:607px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5t_203\" style=\"left:610px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5u_203\" style=\"left:677px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5v_203\" style=\"left:680px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5w_203\" style=\"left:733px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5x_203\" style=\"left:736px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5y_203\" style=\"left:789px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5z_203\" style=\"left:792px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t60_203\" style=\"left:850px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t61_203\" style=\"left:853px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t62_203\" style=\"left:65px;bottom:542px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s4_203\" id=\"t63_203\" style=\"left:318px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t64_203\" style=\"left:416px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t65_203\" style=\"left:481px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t66_203\" style=\"left:546px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t67_203\" style=\"left:611px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t68_203\" style=\"left:651px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t69_203\" style=\"left:733px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6a_203\" style=\"left:736px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6b_203\" style=\"left:789px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6c_203\" style=\"left:792px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6d_203\" style=\"left:850px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6e_203\" style=\"left:853px;bottom:542px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t6f_203\" style=\"left:65px;bottom:524px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s4_203\" id=\"t6g_203\" style=\"left:347px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6h_203\" style=\"left:399px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6i_203\" style=\"left:481px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6j_203\" style=\"left:546px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6k_203\" style=\"left:611px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6l_203\" style=\"left:663px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6m_203\" style=\"left:733px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6n_203\" style=\"left:736px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6o_203\" style=\"left:789px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6p_203\" style=\"left:792px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6q_203\" style=\"left:850px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6r_203\" style=\"left:853px;bottom:524px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t6s_203\" style=\"left:318px;bottom:505px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t6t_203\" style=\"left:399px;bottom:505px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6u_203\" style=\"left:481px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6v_203\" style=\"left:546px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6w_203\" style=\"left:611px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6x_203\" style=\"left:651px;bottom:505px;letter-spacing:-0.15px;display:inline;\">1,473 </div><div class=\"t s4_203\" id=\"t6y_203\" style=\"left:733px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6z_203\" style=\"left:736px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t70_203\" style=\"left:789px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t71_203\" style=\"left:792px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t72_203\" style=\"left:850px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t73_203\" style=\"left:853px;bottom:505px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t74_203\" style=\"left:65px;bottom:487px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t s3_203\" id=\"t75_203\" style=\"left:65px;bottom:473px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t76_203\" style=\"left:343px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t77_203\" style=\"left:346px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t78_203\" style=\"left:412px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t79_203\" style=\"left:415px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7a_203\" style=\"left:477px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7b_203\" style=\"left:480px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7c_203\" style=\"left:542px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7d_203\" style=\"left:545px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7e_203\" style=\"left:607px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7f_203\" style=\"left:610px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7g_203\" style=\"left:676px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7h_203\" style=\"left:679px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7i_203\" style=\"left:733px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7j_203\" style=\"left:736px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7k_203\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7l_203\" style=\"left:792px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7m_203\" style=\"left:850px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7n_203\" style=\"left:853px;bottom:473px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t7o_203\" style=\"left:64px;bottom:455px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t7p_203\" style=\"left:347px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7q_203\" style=\"left:416px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7r_203\" style=\"left:481px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7s_203\" style=\"left:546px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7t_203\" style=\"left:597px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7u_203\" style=\"left:666px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7v_203\" style=\"left:733px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7w_203\" style=\"left:736px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7x_203\" style=\"left:789px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7y_203\" style=\"left:792px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7z_203\" style=\"left:850px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t80_203\" style=\"left:853px;bottom:455px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t81_203\" style=\"left:64px;bottom:436px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s4_203\" id=\"t82_203\" style=\"left:347px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t83_203\" style=\"left:416px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t84_203\" style=\"left:481px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t85_203\" style=\"left:546px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t86_203\" style=\"left:605px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t87_203\" style=\"left:674px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t88_203\" style=\"left:733px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t89_203\" style=\"left:736px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8a_203\" style=\"left:789px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8b_203\" style=\"left:792px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8c_203\" style=\"left:850px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8d_203\" style=\"left:852px;bottom:436px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t8e_203\" style=\"left:64px;bottom:416px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Corporate bond not in a hedge </div>\n<div class=\"t s1_203\" id=\"t8f_203\" style=\"left:64px;bottom:402px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8g_203\" style=\"left:347px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8h_203\" style=\"left:416px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8i_203\" style=\"left:481px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8j_203\" style=\"left:546px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8k_203\" style=\"left:588px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div><div class=\"t s4_203\" id=\"t8l_203\" style=\"left:658px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div>\n<div class=\"t s1_203\" id=\"t8m_203\" style=\"left:64px;bottom:382px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Corporate bond in a hedge </div>\n<div class=\"t s1_203\" id=\"t8n_203\" style=\"left:64px;bottom:368px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8o_203\" style=\"left:347px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8p_203\" style=\"left:416px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8q_203\" style=\"left:481px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8r_203\" style=\"left:546px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8s_203\" style=\"left:589px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8t_203\" style=\"left:658px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8u_203\" style=\"left:733px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8v_203\" style=\"left:736px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8w_203\" style=\"left:789px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8x_203\" style=\"left:792px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8y_203\" style=\"left:850px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8z_203\" style=\"left:852px;bottom:368px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t90_203\" style=\"left:64px;bottom:350px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s1_203\" id=\"t91_203\" style=\"left:64px;bottom:336px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s4_203\" id=\"t92_203\" style=\"left:346px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t93_203\" style=\"left:416px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t94_203\" style=\"left:481px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t95_203\" style=\"left:546px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t96_203\" style=\"left:577px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div><div class=\"t s4_203\" id=\"t97_203\" style=\"left:646px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div>\n<div class=\"t s1_203\" id=\"t98_203\" style=\"left:64px;bottom:318px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s4_203\" id=\"t99_203\" style=\"left:346px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9a_203\" style=\"left:416px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9b_203\" style=\"left:481px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9c_203\" style=\"left:546px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9d_203\" style=\"left:576px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9e_203\" style=\"left:645px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9f_203\" style=\"left:733px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9g_203\" style=\"left:735px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9h_203\" style=\"left:789px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9i_203\" style=\"left:792px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9j_203\" style=\"left:849px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9k_203\" style=\"left:852px;bottom:318px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t9l_203\" style=\"left:346px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9m_203\" style=\"left:416px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9n_203\" style=\"left:481px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9o_203\" style=\"left:546px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9p_203\" style=\"left:577px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9q_203\" style=\"left:646px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9r_203\" style=\"left:732px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9s_203\" style=\"left:735px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9t_203\" style=\"left:789px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9u_203\" style=\"left:792px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9v_203\" style=\"left:849px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9w_203\" style=\"left:852px;bottom:299px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t9x_203\" style=\"left:64px;bottom:271px;letter-spacing:0.04px;display:inline;\">At 31 December 2022, the book value and market value of the USD corporate bond were $994m and $783m respectively (2021: $993m </div>\n<div class=\"t s1_203\" id=\"t9y_203\" style=\"left:64px;bottom:255px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">and $962m), the book value and market value of the EUR Corporate bond were $516m and $531m respectively. The book value and fair </div>\n<div class=\"t s1_203\" id=\"t9z_203\" style=\"left:64px;bottom:240px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">value of the private placement debt were $1,160m and $987m respectively (2021: $1,285m and $1,316m). </div>\n<div class=\"t s5_203\" id=\"ta0_203\" style=\"left:830px;bottom:11px;letter-spacing:-1.12px;display:inline;\">201 </div><div class=\"t s6_203\" id=\"ta1_203\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_203\" id=\"ta2_203\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_203\" id=\"ta3_203\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_203\" id=\"ta4_203\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_203\" id=\"ta5_203\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_203\" id=\"ta6_203\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_204\" id=\"t1_204\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_204\" id=\"t2_204\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_204\" id=\"t3_204\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_204\" id=\"t4_204\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_204\" id=\"t5_204\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_204\" id=\"t6_204\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_204\" id=\"t7_204\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_204\" id=\"t8_204\" style=\"left:43px;bottom:939px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">During the year ended 31 December 2022, acquisition consideration increased by $1m due to $42m increase for acquisitions being </div>\n<div class=\"t s8_204\" id=\"t9_204\" style=\"left:43px;bottom:924px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">partially o\ufb00set $24m of payments for acquisitions made in the current and prior years, and $17m of remeasurement and discount </div>\n<div class=\"t s8_204\" id=\"ta_204\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">unwind. The fair value of contingent consideration is\u00a0estimated using a discounted cash \ufb02ow model. The valuation model considers the </div>\n<div class=\"t s8_204\" id=\"tb_204\" style=\"left:43px;bottom:893px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">present value of expected payment, discounted using a risk-adjusted discount rate. The expected payment is determined by considering </div>\n<div class=\"t s8_204\" id=\"tc_204\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the possible scenarios, which relate\u00a0to the achievement of established milestones and targets, the amount to\u00a0be paid under each </div>\n<div class=\"t s8_204\" id=\"td_204\" style=\"left:43px;bottom:863px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">scenario and the probability of\u00a0each\u00a0scenario. As a\u00a0result, contingent consideration is classi\ufb01ed as Level 3 within the fair value hierarchy. </div>\n<div class=\"t s9_204\" id=\"te_204\" style=\"left:620px;bottom:840px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s9_204\" id=\"tf_204\" style=\"left:624px;bottom:828px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s9_204\" id=\"tg_204\" style=\"left:793px;bottom:828px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"th_204\" style=\"left:282px;bottom:800px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s9_204\" id=\"ti_204\" style=\"left:299px;bottom:787px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s9_204\" id=\"tj_204\" style=\"left:278px;bottom:775px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s9_204\" id=\"tk_204\" style=\"left:355px;bottom:787px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s9_204\" id=\"tl_204\" style=\"left:386px;bottom:775px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s9_204\" id=\"tm_204\" style=\"left:425px;bottom:800px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tn_204\" style=\"left:433px;bottom:787px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"to_204\" style=\"left:454px;bottom:775px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s9_204\" id=\"tp_204\" style=\"left:490px;bottom:812px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tq_204\" style=\"left:498px;bottom:800px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"tr_204\" style=\"left:509px;bottom:787px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s9_204\" id=\"ts_204\" style=\"left:505px;bottom:775px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s9_204\" id=\"tt_204\" style=\"left:569px;bottom:800px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s9_204\" id=\"tu_204\" style=\"left:555px;bottom:787px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s9_204\" id=\"tv_204\" style=\"left:553px;bottom:775px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_204\" id=\"tw_204\" style=\"left:637px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s9_204\" id=\"tx_204\" style=\"left:683px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s9_204\" id=\"ty_204\" style=\"left:740px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s9_204\" id=\"tz_204\" style=\"left:815px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_204\" id=\"t10_204\" style=\"left:43px;bottom:761px;letter-spacing:-0.26px;word-spacing:-0.01px;display:inline;\">At\u00a031\u00a0December\u00a02021 </div><div class=\"t s9_204\" id=\"t11_204\" style=\"left:264px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t12_204\" style=\"left:266px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t13_204\" style=\"left:269px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t14_204\" style=\"left:271px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t15_204\" style=\"left:296px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t16_204\" style=\"left:342px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t17_204\" style=\"left:344px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t18_204\" style=\"left:347px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t19_204\" style=\"left:365px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1a_204\" style=\"left:411px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:414px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1c_204\" style=\"left:416px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1d_204\" style=\"left:430px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1e_204\" style=\"left:476px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1f_204\" style=\"left:479px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1g_204\" style=\"left:481px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:495px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1i_204\" style=\"left:555px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1j_204\" style=\"left:602px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1k_204\" style=\"left:604px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1l_204\" style=\"left:607px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1m_204\" style=\"left:620px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:667px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1o_204\" style=\"left:669px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1p_204\" style=\"left:672px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1q_204\" style=\"left:726px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1r_204\" style=\"left:728px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1s_204\" style=\"left:782px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:784px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1u_204\" style=\"left:798px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_204\" id=\"t1v_204\" style=\"left:43px;bottom:741px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t sa_204\" id=\"t1w_204\" style=\"left:43px;bottom:728px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t1x_204\" style=\"left:326px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1y_204\" style=\"left:329px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1z_204\" style=\"left:395px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t20_204\" style=\"left:398px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t21_204\" style=\"left:460px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t22_204\" style=\"left:463px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t23_204\" style=\"left:525px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t24_204\" style=\"left:528px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t25_204\" style=\"left:586px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t26_204\" style=\"left:589px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t27_204\" style=\"left:651px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t28_204\" style=\"left:654px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t29_204\" style=\"left:707px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2a_204\" style=\"left:710px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2b_204\" style=\"left:763px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2c_204\" style=\"left:766px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2d_204\" style=\"left:828px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2e_204\" style=\"left:831px;bottom:728px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t2f_204\" style=\"left:43px;bottom:709px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t2g_204\" style=\"left:322px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2h_204\" style=\"left:399px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2i_204\" style=\"left:464px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2j_204\" style=\"left:528px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2k_204\" style=\"left:589px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2l_204\" style=\"left:647px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2m_204\" style=\"left:703px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:767px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:825px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s8_204\" id=\"t2p_204\" style=\"left:43px;bottom:691px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s8_204\" id=\"t2q_204\" style=\"left:329px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2r_204\" style=\"left:399px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2s_204\" style=\"left:463px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2t_204\" style=\"left:522px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:589px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2v_204\" style=\"left:647px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2w_204\" style=\"left:710px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2x_204\" style=\"left:760px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2y_204\" style=\"left:825px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_204\" id=\"t2z_204\" style=\"left:43px;bottom:672px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s8_204\" id=\"t30_204\" style=\"left:329px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t31_204\" style=\"left:399px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t32_204\" style=\"left:463px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t33_204\" style=\"left:521px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t34_204\" style=\"left:589px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t35_204\" style=\"left:647px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t36_204\" style=\"left:710px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t37_204\" style=\"left:759px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t38_204\" style=\"left:824px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s8_204\" id=\"t39_204\" style=\"left:43px;bottom:654px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t3a_204\" style=\"left:329px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3b_204\" style=\"left:399px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:464px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3d_204\" style=\"left:528px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3e_204\" style=\"left:589px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3f_204\" style=\"left:654px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3g_204\" style=\"left:711px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3h_204\" style=\"left:767px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:832px;bottom:654px;display:inline;\">2 </div>\n<div class=\"t s8_204\" id=\"t3j_204\" style=\"left:322px;bottom:635px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t3k_204\" style=\"left:398px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3l_204\" style=\"left:464px;bottom:635px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3m_204\" style=\"left:521px;bottom:635px;display:inline;\">30 </div><div class=\"t s8_204\" id=\"t3n_204\" style=\"left:589px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:647px;bottom:635px;letter-spacing:-0.38px;display:inline;\">69 </div><div class=\"t s8_204\" id=\"t3p_204\" style=\"left:763px;bottom:635px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3q_204\" style=\"left:766px;bottom:635px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t3r_204\" style=\"left:43px;bottom:617px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t sa_204\" id=\"t3s_204\" style=\"left:43px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t3t_204\" style=\"left:326px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:329px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3v_204\" style=\"left:395px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3w_204\" style=\"left:398px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3x_204\" style=\"left:460px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3y_204\" style=\"left:463px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3z_204\" style=\"left:525px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t40_204\" style=\"left:528px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t41_204\" style=\"left:586px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t42_204\" style=\"left:589px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t43_204\" style=\"left:651px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t44_204\" style=\"left:654px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t45_204\" style=\"left:707px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t46_204\" style=\"left:710px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t47_204\" style=\"left:763px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t48_204\" style=\"left:766px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t49_204\" style=\"left:828px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t4a_204\" style=\"left:831px;bottom:603px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t4b_204\" style=\"left:43px;bottom:585px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t4c_204\" style=\"left:329px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4d_204\" style=\"left:398px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4e_204\" style=\"left:463px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4f_204\" style=\"left:517px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4g_204\" style=\"left:589px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4h_204\" style=\"left:643px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:710px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4j_204\" style=\"left:755px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4k_204\" style=\"left:820px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div>\n<div class=\"t s8_204\" id=\"t4l_204\" style=\"left:43px;bottom:566px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t4m_204\" style=\"left:318px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4n_204\" style=\"left:398px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4o_204\" style=\"left:463px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4p_204\" style=\"left:528px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4q_204\" style=\"left:589px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4r_204\" style=\"left:643px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4s_204\" style=\"left:700px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4t_204\" style=\"left:766px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4u_204\" style=\"left:821px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s8_204\" id=\"t4v_204\" style=\"left:43px;bottom:548px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t4w_204\" style=\"left:329px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4x_204\" style=\"left:398px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4y_204\" style=\"left:460px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t4z_204\" style=\"left:528px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t50_204\" style=\"left:589px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t51_204\" style=\"left:650px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t52_204\" style=\"left:707px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t53_204\" style=\"left:766px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t54_204\" style=\"left:828px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s8_204\" id=\"t55_204\" style=\"left:318px;bottom:529px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t56_204\" style=\"left:398px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t57_204\" style=\"left:460px;bottom:529px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t58_204\" style=\"left:517px;bottom:529px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t59_204\" style=\"left:589px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t5a_204\" style=\"left:636px;bottom:529px;letter-spacing:-0.35px;display:inline;\">(103) </div><div class=\"t s8_204\" id=\"t5b_204\" style=\"left:707px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5c_204\" style=\"left:710px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5d_204\" style=\"left:763px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5e_204\" style=\"left:766px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5f_204\" style=\"left:828px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5g_204\" style=\"left:831px;bottom:529px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t5h_204\" style=\"left:43px;bottom:511px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t sa_204\" id=\"t5i_204\" style=\"left:43px;bottom:497px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t5j_204\" style=\"left:326px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5k_204\" style=\"left:329px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5l_204\" style=\"left:395px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5m_204\" style=\"left:398px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5n_204\" style=\"left:460px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5o_204\" style=\"left:463px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5p_204\" style=\"left:525px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5q_204\" style=\"left:528px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5r_204\" style=\"left:585px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5s_204\" style=\"left:588px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5t_204\" style=\"left:650px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5u_204\" style=\"left:653px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5v_204\" style=\"left:707px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5w_204\" style=\"left:710px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5x_204\" style=\"left:763px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5y_204\" style=\"left:766px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5z_204\" style=\"left:828px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t60_204\" style=\"left:831px;bottom:497px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t61_204\" style=\"left:43px;bottom:479px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s8_204\" id=\"t62_204\" style=\"left:303px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t63_204\" style=\"left:398px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t64_204\" style=\"left:463px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t65_204\" style=\"left:528px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t66_204\" style=\"left:589px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t67_204\" style=\"left:628px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t68_204\" style=\"left:707px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t69_204\" style=\"left:710px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6a_204\" style=\"left:763px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6b_204\" style=\"left:766px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6c_204\" style=\"left:828px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6d_204\" style=\"left:831px;bottom:479px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6e_204\" style=\"left:43px;bottom:460px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s8_204\" id=\"t6f_204\" style=\"left:329px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6g_204\" style=\"left:372px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6h_204\" style=\"left:463px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6i_204\" style=\"left:528px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6j_204\" style=\"left:589px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:628px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6l_204\" style=\"left:707px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6m_204\" style=\"left:710px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6n_204\" style=\"left:763px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6o_204\" style=\"left:766px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6p_204\" style=\"left:828px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:831px;bottom:460px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6r_204\" style=\"left:303px;bottom:442px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t6s_204\" style=\"left:372px;bottom:442px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6t_204\" style=\"left:463px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6u_204\" style=\"left:528px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6v_204\" style=\"left:589px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6w_204\" style=\"left:628px;bottom:442px;letter-spacing:-0.08px;display:inline;\">2,336 </div><div class=\"t s8_204\" id=\"t6x_204\" style=\"left:707px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6y_204\" style=\"left:710px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6z_204\" style=\"left:763px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t70_204\" style=\"left:766px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t71_204\" style=\"left:828px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t72_204\" style=\"left:831px;bottom:442px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t73_204\" style=\"left:43px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t sa_204\" id=\"t74_204\" style=\"left:43px;bottom:410px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t75_204\" style=\"left:325px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t76_204\" style=\"left:328px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t77_204\" style=\"left:395px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t78_204\" style=\"left:398px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t79_204\" style=\"left:460px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7a_204\" style=\"left:463px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7b_204\" style=\"left:525px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7c_204\" style=\"left:528px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7d_204\" style=\"left:585px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7e_204\" style=\"left:588px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7f_204\" style=\"left:650px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7g_204\" style=\"left:653px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7h_204\" style=\"left:707px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7i_204\" style=\"left:709px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7j_204\" style=\"left:763px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7k_204\" style=\"left:766px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7l_204\" style=\"left:828px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7m_204\" style=\"left:831px;bottom:410px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t7n_204\" style=\"left:43px;bottom:391px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t7o_204\" style=\"left:329px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7p_204\" style=\"left:398px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7q_204\" style=\"left:463px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7r_204\" style=\"left:528px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7s_204\" style=\"left:584px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7t_204\" style=\"left:649px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7u_204\" style=\"left:706px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7v_204\" style=\"left:709px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7w_204\" style=\"left:763px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7x_204\" style=\"left:766px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7y_204\" style=\"left:828px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7z_204\" style=\"left:831px;bottom:391px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t80_204\" style=\"left:43px;bottom:373px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s8_204\" id=\"t81_204\" style=\"left:329px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t82_204\" style=\"left:398px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t83_204\" style=\"left:463px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t84_204\" style=\"left:528px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t85_204\" style=\"left:585px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t86_204\" style=\"left:650px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t87_204\" style=\"left:706px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t88_204\" style=\"left:709px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t89_204\" style=\"left:763px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8a_204\" style=\"left:766px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8b_204\" style=\"left:828px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8c_204\" style=\"left:831px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8d_204\" style=\"left:43px;bottom:354px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s8_204\" id=\"t8e_204\" style=\"left:329px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8f_204\" style=\"left:398px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8g_204\" style=\"left:463px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8h_204\" style=\"left:528px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8i_204\" style=\"left:570px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8j_204\" style=\"left:635px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8k_204\" style=\"left:706px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8l_204\" style=\"left:709px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8m_204\" style=\"left:763px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8n_204\" style=\"left:766px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8o_204\" style=\"left:828px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8p_204\" style=\"left:831px;bottom:354px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8q_204\" style=\"left:43px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s8_204\" id=\"t8r_204\" style=\"left:329px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8s_204\" style=\"left:398px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8t_204\" style=\"left:463px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8u_204\" style=\"left:528px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8v_204\" style=\"left:570px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8w_204\" style=\"left:635px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8x_204\" style=\"left:706px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8y_204\" style=\"left:709px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8z_204\" style=\"left:763px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t90_204\" style=\"left:766px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t91_204\" style=\"left:828px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t92_204\" style=\"left:831px;bottom:336px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t93_204\" style=\"left:43px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s8_204\" id=\"t94_204\" style=\"left:43px;bottom:304px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s8_204\" id=\"t95_204\" style=\"left:329px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t96_204\" style=\"left:398px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t97_204\" style=\"left:463px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t98_204\" style=\"left:528px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t99_204\" style=\"left:559px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s8_204\" id=\"t9a_204\" style=\"left:624px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div>\n<div class=\"t s8_204\" id=\"t9b_204\" style=\"left:43px;bottom:285px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s8_204\" id=\"t9c_204\" style=\"left:329px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9d_204\" style=\"left:398px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9e_204\" style=\"left:463px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9f_204\" style=\"left:528px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9g_204\" style=\"left:559px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9h_204\" style=\"left:624px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9i_204\" style=\"left:706px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9j_204\" style=\"left:709px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9k_204\" style=\"left:763px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9l_204\" style=\"left:766px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9m_204\" style=\"left:828px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9n_204\" style=\"left:831px;bottom:285px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t9o_204\" style=\"left:329px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9p_204\" style=\"left:398px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9q_204\" style=\"left:463px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9r_204\" style=\"left:528px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9s_204\" style=\"left:560px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9t_204\" style=\"left:625px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9u_204\" style=\"left:706px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9v_204\" style=\"left:709px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9w_204\" style=\"left:763px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9x_204\" style=\"left:766px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9y_204\" style=\"left:828px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9z_204\" style=\"left:830px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"ta0_204\" style=\"left:43px;bottom:238px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The fair value of contingent acquisition consideration is estimated using a discounted cash \ufb02ow model. The valuation model considers </div>\n<div class=\"t s8_204\" id=\"ta1_204\" style=\"left:43px;bottom:223px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">the present value of risk adjusted expected payments, discounted using a risk-free discount rate. The expected payment is determined </div>\n<div class=\"t s8_204\" id=\"ta2_204\" style=\"left:43px;bottom:208px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by considering the possible scenarios, which relate to the achievement of established milestones and targets, the amount to be paid </div>\n<div class=\"t s8_204\" id=\"ta3_204\" style=\"left:43px;bottom:192px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under each scenario and the probability of each scenario. As a result, contingent acquisition consideration is classi\ufb01ed as Level 3 within </div>\n<div class=\"t s8_204\" id=\"ta4_204\" style=\"left:43px;bottom:177px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">the fair value hierarchy. </div>\n<div class=\"t sb_204\" id=\"ta5_204\" style=\"left:43px;bottom:11px;letter-spacing:-1.1px;display:inline;\">202 </div><div class=\"t sc_204\" id=\"ta6_204\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_204\" id=\"ta7_204\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_205\" id=\"t1_205\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The fair value of investments is based upon third-party pricing models for share issues. As a result, investments are considered Level 3 </div>\n<div class=\"t s1_205\" id=\"t2_205\" style=\"left:65px;bottom:943px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">in\u00a0the fair value hierarchy. </div>\n<div class=\"t s1_205\" id=\"t3_205\" style=\"left:65px;bottom:919px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The movements in 2022 and 2021 for \ufb01nancial instruments measured using Level 3 valuation methods are presented below: </div>\n<div class=\"t s2_205\" id=\"t4_205\" style=\"left:748px;bottom:896px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_205\" id=\"t5_205\" style=\"left:835px;bottom:896px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_205\" id=\"t6_205\" style=\"left:693px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t7_205\" style=\"left:695px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t8_205\" style=\"left:698px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t9_205\" style=\"left:700px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"ta_205\" style=\"left:733px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_205\" id=\"tb_205\" style=\"left:780px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tc_205\" style=\"left:782px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"td_205\" style=\"left:784px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"te_205\" style=\"left:787px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tf_205\" style=\"left:820px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_205\" id=\"tg_205\" style=\"left:69px;bottom:865px;letter-spacing:0.16px;display:inline;\">Investments </div>\n<div class=\"t s1_205\" id=\"th_205\" style=\"left:65px;bottom:846px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"ti_205\" style=\"left:758px;bottom:846px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_205\" id=\"tj_205\" style=\"left:854px;bottom:846px;display:inline;\">9 </div>\n<div class=\"t s1_205\" id=\"tk_205\" style=\"left:65px;bottom:828px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s4_205\" id=\"tl_205\" style=\"left:766px;bottom:828px;display:inline;\">2 </div><div class=\"t s1_205\" id=\"tm_205\" style=\"left:854px;bottom:828px;display:inline;\">2 </div>\n<div class=\"t s1_205\" id=\"tn_205\" style=\"left:65px;bottom:809px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s4_205\" id=\"to_205\" style=\"left:767px;bottom:809px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tp_205\" style=\"left:851px;bottom:809px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_205\" id=\"tq_205\" style=\"left:65px;bottom:791px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"tr_205\" style=\"left:758px;bottom:791px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s1_205\" id=\"ts_205\" style=\"left:846px;bottom:791px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_205\" id=\"tt_205\" style=\"left:69px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Contingent consideration receivable </div>\n<div class=\"t s1_205\" id=\"tu_205\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"tv_205\" style=\"left:758px;bottom:736px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"tw_205\" style=\"left:846px;bottom:736px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s1_205\" id=\"tx_205\" style=\"left:65px;bottom:717px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"ty_205\" style=\"left:767px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tz_205\" style=\"left:854px;bottom:717px;display:inline;\">1 </div>\n<div class=\"t s1_205\" id=\"t10_205\" style=\"left:65px;bottom:699px;letter-spacing:0.17px;display:inline;\">Receipts </div><div class=\"t s4_205\" id=\"t11_205\" style=\"left:762px;bottom:699px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s1_205\" id=\"t12_205\" style=\"left:843px;bottom:699px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s1_205\" id=\"t13_205\" style=\"left:65px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t14_205\" style=\"left:758px;bottom:680px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s1_205\" id=\"t15_205\" style=\"left:846px;bottom:680px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s3_205\" id=\"t16_205\" style=\"left:69px;bottom:643px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Acquisition consideration liability </div>\n<div class=\"t s1_205\" id=\"t17_205\" style=\"left:65px;bottom:625px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"t18_205\" style=\"left:753px;bottom:625px;letter-spacing:-0.14px;display:inline;\">(84) </div><div class=\"t s1_205\" id=\"t19_205\" style=\"left:835px;bottom:625px;letter-spacing:-0.29px;display:inline;\">(128) </div>\n<div class=\"t s1_205\" id=\"t1a_205\" style=\"left:65px;bottom:607px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Arising on acquisitions </div><div class=\"t s4_205\" id=\"t1b_205\" style=\"left:754px;bottom:607px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s1_205\" id=\"t1c_205\" style=\"left:853px;bottom:607px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1d_205\" style=\"left:65px;bottom:588px;letter-spacing:0.19px;display:inline;\">Payments </div><div class=\"t s4_205\" id=\"t1e_205\" style=\"left:758px;bottom:588px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"t1f_205\" style=\"left:846px;bottom:588px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s1_205\" id=\"t1g_205\" style=\"left:65px;bottom:570px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"t1h_205\" style=\"left:758px;bottom:570px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t s1_205\" id=\"t1i_205\" style=\"left:846px;bottom:570px;letter-spacing:-0.59px;display:inline;\">21 </div>\n<div class=\"t s1_205\" id=\"t1j_205\" style=\"left:65px;bottom:551px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Discount unwind </div><div class=\"t s4_205\" id=\"t1k_205\" style=\"left:762px;bottom:551px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s1_205\" id=\"t1l_205\" style=\"left:853px;bottom:551px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1m_205\" style=\"left:65px;bottom:533px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t1n_205\" style=\"left:753px;bottom:533px;letter-spacing:-0.16px;display:inline;\">(78) </div>(84)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24887": {
   "value": "16 <div class=\"t s2_199\" id=\"t2_199\" style=\"left:87px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div>\n<div class=\"t s3_199\" id=\"t3_199\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_199\" id=\"t4_199\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Derivative \ufb01nancial instruments </div>\n<div class=\"t s5_199\" id=\"t5_199\" style=\"left:74px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Derivative \ufb01nancial instruments are initially recognised at fair value on the date a derivative contract is entered into and are </div>\n<div class=\"t s5_199\" id=\"t6_199\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">subsequently remeasured at their fair value at subsequent balance sheet dates. Changes in the fair value of derivative \ufb01nancial </div>\n<div class=\"t s5_199\" id=\"t7_199\" style=\"left:74px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">instruments that are designated and e\ufb00ective as cash \ufb02ow hedges of forecast third-party transactions are recognised in other </div>\n<div class=\"t s5_199\" id=\"t8_199\" style=\"left:74px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">comprehensive income until the associated asset or liability is recognised. Amounts taken to other comprehensive income are </div>\n<div class=\"t s5_199\" id=\"t9_199\" style=\"left:74px;bottom:832px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">transferred to the income statement in the period in which the hedged transaction a\ufb00ects pro\ufb01t and loss. Where the hedged item </div>\n<div class=\"t s5_199\" id=\"ta_199\" style=\"left:74px;bottom:817px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">is\u00a0the cost of a non-\ufb01nancial asset, the amounts taken to other comprehensive income are transferred to the initial carrying value </div>\n<div class=\"t s5_199\" id=\"tb_199\" style=\"left:74px;bottom:802px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">of\u00a0the asset. </div>\n<div class=\"t s5_199\" id=\"tc_199\" style=\"left:74px;bottom:778px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 9 on 1 January 2018, the Group elected to continue to apply the hedge accounting guidance in IAS 39 </div><div class=\"t s6_199\" id=\"td_199\" style=\"left:790px;bottom:778px;letter-spacing:0.09px;display:inline;\">Financial </div>\n<div class=\"t s6_199\" id=\"te_199\" style=\"left:74px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Instruments: Recognition and Measurement</div><div class=\"t s5_199\" id=\"tf_199\" style=\"left:320px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">. Changes in the fair values of hedging instruments that are designated and e\ufb00ective as </div>\n<div class=\"t s5_199\" id=\"tg_199\" style=\"left:74px;bottom:747px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">net investment hedges are matched in other comprehensive income against changes in value of the related net assets. Interest rate </div>\n<div class=\"t s5_199\" id=\"th_199\" style=\"left:74px;bottom:732px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to \ufb01x interest rates on \ufb02oating rate borrowings are accounted for as cash \ufb02ow hedges and changes in the </div>\n<div class=\"t s5_199\" id=\"ti_199\" style=\"left:74px;bottom:717px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">fair values resulting from changes in market interest rates are recognised in other comprehensive income. Amounts taken to other </div>\n<div class=\"t s5_199\" id=\"tj_199\" style=\"left:74px;bottom:701px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">comprehensive income are transferred to the income statement when the hedged transaction a\ufb00ects pro\ufb01t and loss. Interest rate </div>\n<div class=\"t s5_199\" id=\"tk_199\" style=\"left:74px;bottom:686px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to convert \ufb01xed rate borrowings into \ufb02oating rate borrowings are accounted for as fair value hedges and </div>\n<div class=\"t s5_199\" id=\"tl_199\" style=\"left:74px;bottom:671px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">changes in the fair values resulting from changes in market interest rates are recognised in the income statement. Any ine\ufb00ectiveness </div>\n<div class=\"t s5_199\" id=\"tm_199\" style=\"left:74px;bottom:656px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on hedging instruments and changes in the fair value of derivative \ufb01nancial instruments that do not qualify for hedge accounting </div>\n<div class=\"t s5_199\" id=\"tn_199\" style=\"left:74px;bottom:640px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are\u00a0recognised in the income statement within other\u00a0\ufb01nance costs as they arise. </div>\n<div class=\"t s5_199\" id=\"to_199\" style=\"left:74px;bottom:616px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for </div>\n<div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>\n<div class=\"t s5_199\" id=\"tr_199\" style=\"left:74px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">cumulative gain or loss recognised in other comprehensive income is transferred to the income statement. </div>\n<div class=\"t s7_199\" id=\"ts_199\" style=\"left:65px;bottom:532px;letter-spacing:-0.52px;display:inline;\">16.1 </div><div class=\"t s8_199\" id=\"tt_199\" style=\"left:96px;bottom:532px;letter-spacing:-0.19px;word-spacing:-0.07px;display:inline;\">Foreign exchange risk management </div>\n<div class=\"t s9_199\" id=\"tu_199\" style=\"left:65px;bottom:515px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group operates in many countries and as a consequence has transactional and translational foreign exchange exposure. It is the </div>\n<div class=\"t s9_199\" id=\"tv_199\" style=\"left:65px;bottom:500px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">Group\u2019s\u00a0policy for operating units not to hold material unhedged monetary assets or liabilities other than in their functional currencies. </div>\n<div class=\"t s9_199\" id=\"tw_199\" style=\"left:65px;bottom:476px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Foreign exchange variations a\ufb00ect trading results in two ways. Firstly, on translation of overseas sales and pro\ufb01ts into US Dollars </div>\n<div class=\"t s9_199\" id=\"tx_199\" style=\"left:65px;bottom:460px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">and\u00a0secondly, transactional exposures arising where some, or all of the costs of sale are incurred in a di\ufb00erent currency from the sale. </div>\n<div class=\"t s9_199\" id=\"ty_199\" style=\"left:65px;bottom:445px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The principal transactional exposures arise as the proportion of costs in US Dollars, Sterling and Swiss Francs exceed the proportion </div>\n<div class=\"t s9_199\" id=\"tz_199\" style=\"left:65px;bottom:430px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of\u00a0sales in each of these currencies and correspondingly the proportion of sales in Euros exceeds the proportion of costs in Euros. </div>\n<div class=\"t s9_199\" id=\"t10_199\" style=\"left:65px;bottom:406px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The impact of currency movements on the cost of purchases is partly mitigated by the use of forward foreign exchange contracts. </div>\n<div class=\"t s9_199\" id=\"t11_199\" style=\"left:65px;bottom:391px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The Group uses forward foreign exchange contracts, designated as cash \ufb02ow hedges, to hedge forecast third-party trading cash \ufb02ows </div>\n<div class=\"t s9_199\" id=\"t12_199\" style=\"left:65px;bottom:375px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">up\u00a0to one year. When a commitment is entered into, forward foreign exchange contracts are normally used to increase the hedge </div>\n<div class=\"t s9_199\" id=\"t13_199\" style=\"left:65px;bottom:360px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to 100% of the exposure. Cash \ufb02ows relating to cash \ufb02ow hedges are expected to occur within 12 months of inception and pro\ufb01ts </div>\n<div class=\"t s9_199\" id=\"t14_199\" style=\"left:65px;bottom:345px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">and losses on hedges are expected to enter into the determination of pro\ufb01t (within cost of goods sold) within a further 12-month </div>\n<div class=\"t s9_199\" id=\"t15_199\" style=\"left:65px;bottom:330px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">period. The principal currencies hedged by forward foreign exchange contracts are US Dollars, Euros, Sterling and Singapore Dollars. </div>\n<div class=\"t s9_199\" id=\"t16_199\" style=\"left:65px;bottom:314px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">At 31 December 2022, the Group had contracted to exchange within one year the equivalent of $2.2bn (2021: $2.0bn). Based on </div>\n<div class=\"t s9_199\" id=\"t17_199\" style=\"left:65px;bottom:299px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">the Group\u2019s net borrowings as at 31 December 2022, if the US Dollar were to weaken against all currencies by 10%, the Group\u2019s </div>\n<div class=\"t s9_199\" id=\"t18_199\" style=\"left:65px;bottom:284px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">net\u00a0borrowings would increase by\u00a0$41m (2021: $75m) principally due to the Euro-denominated term loans. </div>\n<div class=\"t sa_199\" id=\"t19_199\" style=\"left:830px;bottom:11px;letter-spacing:-1.27px;display:inline;\">197 </div><div class=\"t sb_199\" id=\"t1a_199\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sc_199\" id=\"t1b_199\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sd_199\" id=\"t1c_199\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sd_199\" id=\"t1d_199\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t se_199\" id=\"t1e_199\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sd_199\" id=\"t1f_199\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_200\" id=\"t1_200\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_200\" id=\"t2_200\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_200\" id=\"t3_200\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_200\" id=\"t4_200\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_200\" id=\"t5_200\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_200\" id=\"t6_200\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_200\" id=\"t7_200\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_200\" id=\"t8_200\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">If the US Dollar were to weaken by 10% against all other currencies, then the fair value of the forward foreign exchange contracts </div>\n<div class=\"t s8_200\" id=\"t9_200\" style=\"left:43px;bottom:924px;letter-spacing:0.04px;display:inline;\">as at 31 December 2022 would have been $50m lower (2021: $44m lower). Similarly, if the Euro were to weaken by 10% against all </div>\n<div class=\"t s8_200\" id=\"ta_200\" style=\"left:43px;bottom:909px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">other currencies, then the fair value of the forward foreign exchange contracts as at 31 December 2022 would have been $35m higher </div>\n<div class=\"t s8_200\" id=\"tb_200\" style=\"left:43px;bottom:893px;letter-spacing:0.03px;word-spacing:-0.06px;display:inline;\">(2021:\u00a0$26m higher). Movements in the fair value of forward foreign exchange contracts would be recognised in other comprehensive </div>\n<div class=\"t s8_200\" id=\"tc_200\" style=\"left:43px;bottom:878px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">income or in the income statement. </div>\n<div class=\"t s8_200\" id=\"td_200\" style=\"left:43px;bottom:854px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">A 10% strengthening of the US Dollar or Euro against all other currencies at 31 December 2022 would have had the equal but opposite </div>\n<div class=\"t s8_200\" id=\"te_200\" style=\"left:43px;bottom:839px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">e\ufb00ect to the amounts shown above, on the basis that all other variables remain constant. </div>\n<div class=\"t s8_200\" id=\"tf_200\" style=\"left:43px;bottom:815px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">The Group\u2019s policy is to hedge all actual foreign exchange exposures and the Group\u2019s forward foreign exchange contracts are designated </div>\n<div class=\"t s8_200\" id=\"tg_200\" style=\"left:43px;bottom:800px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">as cash \ufb02ow hedges. The net impact of transaction-related foreign exchange on the income statement from a movement in exchange </div>\n<div class=\"t s8_200\" id=\"th_200\" style=\"left:43px;bottom:784px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">rates on the value of forward foreign exchange contracts is not signi\ufb01cant. In addition, the movements in the fair value of other \ufb01nancial </div>\n<div class=\"t s8_200\" id=\"ti_200\" style=\"left:43px;bottom:769px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">instruments used for hedging such as currency swaps for which hedge accounting is not applied o\ufb00set movements in the values of </div>\n<div class=\"t s8_200\" id=\"tj_200\" style=\"left:43px;bottom:754px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">assets and liabilities and are recognised through the income statement. Hedge ine\ufb00ectiveness is caused by actual cash \ufb02ows in foreign </div>\n<div class=\"t s8_200\" id=\"tk_200\" style=\"left:43px;bottom:738px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">currencies varying from forecast cash \ufb02ows. </div>\n<div class=\"t s9_200\" id=\"tl_200\" style=\"left:43px;bottom:714px;letter-spacing:-0.41px;display:inline;\">16.2 </div><div class=\"t sa_200\" id=\"tm_200\" style=\"left:74px;bottom:714px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Interest rate risk management </div>\n<div class=\"t s8_200\" id=\"tn_200\" style=\"left:43px;bottom:696px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">The Group is exposed to interest rate risk on cash, borrowings and certain currency and interest rate swaps which are at \ufb02oating rates. </div>\n<div class=\"t s8_200\" id=\"to_200\" style=\"left:43px;bottom:681px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">When required the Group uses interest rate derivatives to meet its objective of protecting borrowing costs within parameters set </div>\n<div class=\"t s8_200\" id=\"tp_200\" style=\"left:43px;bottom:666px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">by the\u00a0Board. These interest rate derivatives are accounted for as cash \ufb02ow hedges and, as such, changes in fair value resulting from </div>\n<div class=\"t s8_200\" id=\"tq_200\" style=\"left:43px;bottom:651px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">changes in market interest rates are recognised in other comprehensive income and accumulated in the hedging reserve, with the </div>\n<div class=\"t s8_200\" id=\"tr_200\" style=\"left:43px;bottom:635px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">fair\u00a0value of the interest rate derivatives recorded in the balance sheet. Additionally, the Group uses interest rate swaps to reduce the </div>\n<div class=\"t s8_200\" id=\"ts_200\" style=\"left:43px;bottom:620px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">overall level of \ufb01xed rate debt, within parameters set by the Board. When used in this way, interest rate derivatives are accounted </div>\n<div class=\"t s8_200\" id=\"tt_200\" style=\"left:43px;bottom:605px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">for\u00a0as\u00a0fair value hedges. The fair value movement of the derivative is o\ufb00set in the income statement against the fair value movement </div>\n<div class=\"t s8_200\" id=\"tu_200\" style=\"left:43px;bottom:589px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in\u00a0the\u00a0underlying \ufb01xed rate debt. </div>\n<div class=\"t s8_200\" id=\"tv_200\" style=\"left:43px;bottom:566px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">In 2022, the Group entered into a new \u20ac500m \ufb01xed to \ufb02oating interest rate swap. </div>\n<div class=\"t s8_200\" id=\"tw_200\" style=\"left:43px;bottom:542px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Based on the Group\u2019s gross borrowings and cash as at 31 December 2022, if interest rates were to increase by 100 basis points in all </div>\n<div class=\"t s8_200\" id=\"tx_200\" style=\"left:43px;bottom:526px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">currencies, then the annual net interest charge would increase by $4m (2021: $3m). A decrease in interest rates by 100 basis points </div>\n<div class=\"t s8_200\" id=\"ty_200\" style=\"left:43px;bottom:511px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in\u00a0all\u00a0currencies would have an equal but opposite e\ufb00ect to the amounts shown above. </div>\n<div class=\"t s9_200\" id=\"tz_200\" style=\"left:43px;bottom:486px;letter-spacing:-0.37px;display:inline;\">16.3 </div><div class=\"t sa_200\" id=\"t10_200\" style=\"left:74px;bottom:486px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Credit risk management </div>\n<div class=\"t s8_200\" id=\"t11_200\" style=\"left:43px;bottom:469px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group limits exposure to credit risk on counterparties used for \ufb01nancial instruments through a system of internal credit limits. </div>\n<div class=\"t s8_200\" id=\"t12_200\" style=\"left:43px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The \ufb01nancial exposure of a counterparty is determined as the total of cash and deposits, plus the risk on derivative instruments, </div>\n<div class=\"t s8_200\" id=\"t13_200\" style=\"left:43px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">assessed as the fair value of the instrument plus a risk element based on the nominal value and the historic volatility of the market </div>\n<div class=\"t s8_200\" id=\"t14_200\" style=\"left:43px;bottom:423px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value of the instrument. The Group does not anticipate non-performance of counterparties and believes it is not subject to material </div>\n<div class=\"t s8_200\" id=\"t15_200\" style=\"left:43px;bottom:408px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">concentration of credit risk as the Group operates within a policy of counterparty limits designed to reduce exposure to any </div>\n<div class=\"t s8_200\" id=\"t16_200\" style=\"left:43px;bottom:393px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">single counterparty. </div>\n<div class=\"t s8_200\" id=\"t17_200\" style=\"left:43px;bottom:369px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The maximum credit risk exposure on derivatives at 31 December 2022 was $47m (2021: $39m), being the total debit fair values </div>\n<div class=\"t s8_200\" id=\"t18_200\" style=\"left:43px;bottom:353px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">on\u00a0forward foreign exchange contracts and currency swaps. The maximum credit risk exposure on cash at bank at 31 December 2022 </div>\n<div class=\"t s8_200\" id=\"t19_200\" style=\"left:43px;bottom:338px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">was\u00a0$350m (2021: $1,290m). The\u00a0Group\u2019s exposure to credit risk on cash is mitigated as the amounts are held in a wide number </div>\n<div class=\"t s8_200\" id=\"t1a_200\" style=\"left:43px;bottom:323px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of\u00a0high\u00a0credit quality \ufb01nancial institutions. Credit risk on trade receivables is detailed in Note 13. </div>\n<div class=\"t sb_200\" id=\"t1b_200\" style=\"left:43px;bottom:11px;letter-spacing:-0.77px;display:inline;\">198 </div><div class=\"t sc_200\" id=\"t1c_200\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_200\" id=\"t1d_200\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_201\" id=\"t1_201\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts relating to items designated as hedging instruments were as follows: </div>\n<div class=\"t s2_201\" id=\"t2_201\" style=\"left:334px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:403px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t4_201\" style=\"left:466px;bottom:936px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Changes in </div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:583px;bottom:936px;letter-spacing:-0.11px;display:inline;\">Hedge </div><div class=\"t s2_201\" id=\"t6_201\" style=\"left:632px;bottom:936px;letter-spacing:-0.07px;word-spacing:-0.19px;display:inline;\">Amounts reclassi\ufb01ed </div>\n<div class=\"t s2_201\" id=\"t7_201\" style=\"left:271px;bottom:924px;letter-spacing:-0.09px;display:inline;\">Nominal </div><div class=\"t s2_201\" id=\"t8_201\" style=\"left:339px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"t9_201\" style=\"left:408px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"ta_201\" style=\"left:474px;bottom:924px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">fair value </div><div class=\"t s2_201\" id=\"tb_201\" style=\"left:539px;bottom:924px;letter-spacing:-0.08px;display:inline;\">ine\ufb00ectiveness </div><div class=\"t s2_201\" id=\"tc_201\" style=\"left:632px;bottom:924px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">from hedging reserve </div>\n<div class=\"t s2_201\" id=\"td_201\" style=\"left:274px;bottom:911px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"te_201\" style=\"left:345px;bottom:911px;letter-spacing:-0.05px;display:inline;\">assets </div><div class=\"t s2_201\" id=\"tf_201\" style=\"left:401px;bottom:911px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"tg_201\" style=\"left:490px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">in OCI </div><div class=\"t s2_201\" id=\"th_201\" style=\"left:542px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">in pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"ti_201\" style=\"left:662px;bottom:911px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">to pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"tj_201\" style=\"left:806px;bottom:911px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">Line item in </div>\n<div class=\"t s2_201\" id=\"tk_201\" style=\"left:251px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tl_201\" style=\"left:253px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tm_201\" style=\"left:256px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tn_201\" style=\"left:270px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"to_201\" style=\"left:316px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tp_201\" style=\"left:318px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tq_201\" style=\"left:321px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tr_201\" style=\"left:335px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"ts_201\" style=\"left:381px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tt_201\" style=\"left:383px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tu_201\" style=\"left:386px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tv_201\" style=\"left:404px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"tw_201\" style=\"left:450px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tx_201\" style=\"left:453px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"ty_201\" style=\"left:455px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tz_201\" style=\"left:478px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t10_201\" style=\"left:524px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t11_201\" style=\"left:526px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t12_201\" style=\"left:529px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t13_201\" style=\"left:573px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t14_201\" style=\"left:619px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t15_201\" style=\"left:622px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t16_201\" style=\"left:624px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t17_201\" style=\"left:694px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t18_201\" style=\"left:741px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t19_201\" style=\"left:743px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1a_201\" style=\"left:745px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1b_201\" style=\"left:800px;bottom:899px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">pro\ufb01t or loss </div>\n<div class=\"t s3_201\" id=\"t1c_201\" style=\"left:69px;bottom:880px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s1_201\" id=\"t1d_201\" style=\"left:300px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1e_201\" style=\"left:303px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1f_201\" style=\"left:365px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1g_201\" style=\"left:368px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1h_201\" style=\"left:434px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1i_201\" style=\"left:437px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1j_201\" style=\"left:508px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1k_201\" style=\"left:511px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1l_201\" style=\"left:603px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1m_201\" style=\"left:606px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1n_201\" style=\"left:724px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1o_201\" style=\"left:727px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1p_201\" style=\"left:850px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1q_201\" style=\"left:853px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t1r_201\" style=\"left:65px;bottom:861px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency risk </div>\n<div class=\"t s1_201\" id=\"t1s_201\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t1t_201\" style=\"left:234px;bottom:850px;display:inline;\">1 </div>\n<div class=\"t s5_201\" id=\"t1u_201\" style=\"left:275px;bottom:843px;display:inline;\">2,598 </div><div class=\"t s5_201\" id=\"t1v_201\" style=\"left:360px;bottom:843px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s5_201\" id=\"t1w_201\" style=\"left:425px;bottom:843px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t s5_201\" id=\"t1x_201\" style=\"left:498px;bottom:843px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t1y_201\" style=\"left:607px;bottom:843px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t1z_201\" style=\"left:714px;bottom:843px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t s5_201\" id=\"t20_201\" style=\"left:755px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t21_201\" style=\"left:65px;bottom:824px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t22_201\" style=\"left:65px;bottom:806px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t23_201\" style=\"left:178px;bottom:813px;display:inline;\">2 </div>\n<div class=\"t s5_201\" id=\"t24_201\" style=\"left:281px;bottom:806px;letter-spacing:-0.03px;display:inline;\">(500) </div><div class=\"t s5_201\" id=\"t25_201\" style=\"left:369px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t26_201\" style=\"left:424px;bottom:806px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t27_201\" style=\"left:512px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t28_201\" style=\"left:607px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t29_201\" style=\"left:728px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t2a_201\" style=\"left:763px;bottom:806px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Fair value hedge </div>\n<div class=\"t s3_201\" id=\"t2b_201\" style=\"left:65px;bottom:787px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t2c_201\" style=\"left:850px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2d_201\" style=\"left:853px;bottom:787px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2e_201\" style=\"left:65px;bottom:769px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Foreign currency risk </div><div class=\"t s1_201\" id=\"t2f_201\" style=\"left:300px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2g_201\" style=\"left:303px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2h_201\" style=\"left:365px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2i_201\" style=\"left:368px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2j_201\" style=\"left:434px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2k_201\" style=\"left:437px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2l_201\" style=\"left:508px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2m_201\" style=\"left:511px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2n_201\" style=\"left:603px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2o_201\" style=\"left:606px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2p_201\" style=\"left:724px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2q_201\" style=\"left:727px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2r_201\" style=\"left:850px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2s_201\" style=\"left:853px;bottom:769px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2t_201\" style=\"left:65px;bottom:751px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t2u_201\" style=\"left:234px;bottom:758px;display:inline;\">1 </div>\n<div class=\"t s1_201\" id=\"t2v_201\" style=\"left:278px;bottom:751px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t s1_201\" id=\"t2w_201\" style=\"left:361px;bottom:751px;letter-spacing:-0.23px;display:inline;\">39 </div><div class=\"t s1_201\" id=\"t2x_201\" style=\"left:427px;bottom:751px;letter-spacing:-0.31px;display:inline;\">(19) </div><div class=\"t s1_201\" id=\"t2y_201\" style=\"left:505px;bottom:751px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s1_201\" id=\"t2z_201\" style=\"left:606px;bottom:751px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t30_201\" style=\"left:728px;bottom:751px;display:inline;\">7 </div><div class=\"t s1_201\" id=\"t31_201\" style=\"left:758px;bottom:751px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t32_201\" style=\"left:65px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t33_201\" style=\"left:65px;bottom:714px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t34_201\" style=\"left:178px;bottom:721px;display:inline;\">2 </div>\n<div class=\"t s1_201\" id=\"t35_201\" style=\"left:303px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t36_201\" style=\"left:368px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t37_201\" style=\"left:438px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t38_201\" style=\"left:511px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t39_201\" style=\"left:606px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3a_201\" style=\"left:728px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3b_201\" style=\"left:838px;bottom:714px;letter-spacing:-0.39px;display:inline;\">N/A </div>\n<div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:690px;display:inline;\">1 </div><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:78px;bottom:690px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">Presented in Trade and other receivables and Trade and other payables on the Balance Sheet. </div>\n<div class=\"t s6_201\" id=\"t3e_201\" style=\"left:65px;bottom:678px;display:inline;\">2 </div><div class=\"t s6_201\" id=\"t3f_201\" style=\"left:78px;bottom:678px;letter-spacing:0.15px;word-spacing:-0.16px;display:inline;\">Presented in Non-current other payables on the Balance Sheet. </div>\n<div class=\"t s7_201\" id=\"t3g_201\" style=\"left:65px;bottom:651px;letter-spacing:-0.46px;display:inline;\">16.4 </div><div class=\"t s8_201\" id=\"t3h_201\" style=\"left:96px;bottom:651px;letter-spacing:-0.18px;word-spacing:-0.08px;display:inline;\">Net investment hedge </div>\n<div class=\"t s1_201\" id=\"t3i_201\" style=\"left:65px;bottom:634px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Part of the Group\u2019s net investment in its Euro subsidiaries is hedged by \u20ac500m ($533m equivalent) of our debut EUR Corporate Bond </div>\n<div class=\"t s1_201\" id=\"t3j_201\" style=\"left:65px;bottom:618px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">which mitigates the\u00a0foreign currency risk arising from the subsidiaries\u2019 net assets. The Bond is designated as a hedging instrument for </div>\n<div class=\"t s1_201\" id=\"t3k_201\" style=\"left:65px;bottom:603px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0changes in\u00a0the\u00a0value of the net investment that is attributable to changes in the EUR/USD spot rate. </div>\n<div class=\"t s1_201\" id=\"t3l_201\" style=\"left:65px;bottom:579px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">To assess hedge e\ufb00ectiveness, the Group determines the economic relationship between the hedging instrument and the hedged item </div>\n<div class=\"t s1_201\" id=\"t3m_201\" style=\"left:65px;bottom:564px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">by comparing changes in the carrying amount of the debt that is attributable to a change in the spot rate with changes in the investment </div>\n<div class=\"t s1_201\" id=\"t3n_201\" style=\"left:65px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">in the foreign operation due to movements in the spot rate (the o\ufb00set method). The Group\u2019s policy is to hedge the net investment only </div>\n<div class=\"t s1_201\" id=\"t3o_201\" style=\"left:65px;bottom:533px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">to\u00a0the extent of the debt principal. Hedge ine\ufb00ectiveness occurs if the value of the Euro-denominated Corporate Bond exceeds the </div>\n<div class=\"t s1_201\" id=\"t3p_201\" style=\"left:65px;bottom:518px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">value\u00a0of\u00a0the Euro subsidiaries. </div>\n<div class=\"t s7_201\" id=\"t3q_201\" style=\"left:65px;bottom:493px;letter-spacing:-0.4px;display:inline;\">16.5 </div><div class=\"t s8_201\" id=\"t3r_201\" style=\"left:96px;bottom:493px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities and assets </div>\n<div class=\"t s1_201\" id=\"t3s_201\" style=\"left:65px;bottom:476px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Short-term receivables and payables are excluded from the following disclosures. </div>\n<div class=\"t s1_201\" id=\"t3t_201\" style=\"left:65px;bottom:452px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing liabilities: </div>\n<div class=\"t s2_201\" id=\"t3u_201\" style=\"left:766px;bottom:439px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">Fixed rate liabilities </div>\n<div class=\"t s2_201\" id=\"t3v_201\" style=\"left:866px;bottom:434px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t3w_201\" style=\"left:260px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3x_201\" style=\"left:262px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3y_201\" style=\"left:340px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t3z_201\" style=\"left:409px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t40_201\" style=\"left:474px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t41_201\" style=\"left:548px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t42_201\" style=\"left:630px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t43_201\" style=\"left:704px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t44_201\" style=\"left:782px;bottom:422px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t45_201\" style=\"left:814px;bottom:422px;letter-spacing:-0.16px;display:inline;\">Weighted\u00a0</div>\n<div class=\"t s2_201\" id=\"t46_201\" style=\"left:823px;bottom:410px;letter-spacing:-0.16px;display:inline;\">average </div>\n<div class=\"t s2_201\" id=\"t47_201\" style=\"left:428px;bottom:398px;letter-spacing:-0.08px;display:inline;\">Interest </div><div class=\"t s2_201\" id=\"t48_201\" style=\"left:727px;bottom:398px;letter-spacing:-0.16px;display:inline;\">Weighted </div><div class=\"t s2_201\" id=\"t49_201\" style=\"left:839px;bottom:398px;letter-spacing:-0.1px;display:inline;\">time\u00a0</div>\n<div class=\"t s2_201\" id=\"t4a_201\" style=\"left:305px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Gross </div><div class=\"t s2_201\" id=\"t4b_201\" style=\"left:358px;bottom:386px;letter-spacing:-0.1px;display:inline;\">Currency </div><div class=\"t s2_201\" id=\"t4c_201\" style=\"left:447px;bottom:386px;letter-spacing:-0.15px;display:inline;\">rate </div><div class=\"t s2_201\" id=\"t4d_201\" style=\"left:516px;bottom:386px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_201\" id=\"t4e_201\" style=\"left:583px;bottom:386px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s2_201\" id=\"t4f_201\" style=\"left:648px;bottom:386px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Fixed\u00a0rate </div><div class=\"t s2_201\" id=\"t4g_201\" style=\"left:736px;bottom:386px;letter-spacing:-0.16px;display:inline;\">average </div><div class=\"t s2_201\" id=\"t4h_201\" style=\"left:816px;bottom:386px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">for\u00a0which </div><div class=\"t s2_201\" id=\"t4i_201\" style=\"left:866px;bottom:386px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4j_201\" style=\"left:278px;bottom:373px;letter-spacing:-0.08px;display:inline;\">borrowings </div><div class=\"t s2_201\" id=\"t4k_201\" style=\"left:372px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4l_201\" style=\"left:436px;bottom:373px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s2_201\" id=\"t4m_201\" style=\"left:497px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4n_201\" style=\"left:556px;bottom:373px;letter-spacing:-0.08px;word-spacing:-0.14px;display:inline;\">rate liabilities </div><div class=\"t s2_201\" id=\"t4o_201\" style=\"left:652px;bottom:373px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"t4p_201\" style=\"left:713px;bottom:373px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">interest\u00a0rate </div><div class=\"t s2_201\" id=\"t4q_201\" style=\"left:805px;bottom:373px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">rate\u00a0is\u00a0\ufb01xed </div><div class=\"t s2_201\" id=\"t4r_201\" style=\"left:866px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s2_201\" id=\"t4s_201\" style=\"left:260px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4t_201\" style=\"left:262px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4u_201\" style=\"left:265px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4v_201\" style=\"left:291px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t4w_201\" style=\"left:338px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4x_201\" style=\"left:340px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4y_201\" style=\"left:342px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t4z_201\" style=\"left:361px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t50_201\" style=\"left:407px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t51_201\" style=\"left:409px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t52_201\" style=\"left:412px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t53_201\" style=\"left:426px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t54_201\" style=\"left:472px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t55_201\" style=\"left:474px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t56_201\" style=\"left:477px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t57_201\" style=\"left:499px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t58_201\" style=\"left:546px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t59_201\" style=\"left:548px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5a_201\" style=\"left:550px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5b_201\" style=\"left:581px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5c_201\" style=\"left:628px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5d_201\" style=\"left:630px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5e_201\" style=\"left:633px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5f_201\" style=\"left:655px;bottom:361px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t5g_201\" style=\"left:702px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5h_201\" style=\"left:704px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5i_201\" style=\"left:706px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5j_201\" style=\"left:765px;bottom:361px;display:inline;\">%\u00a0</div><div class=\"t s2_201\" id=\"t5k_201\" style=\"left:782px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5l_201\" style=\"left:784px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t5m_201\" style=\"left:834px;bottom:361px;letter-spacing:-0.25px;display:inline;\">Years\u00a0</div>\n<div class=\"t s3_201\" id=\"t5n_201\" style=\"left:69px;bottom:342px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s5_201\" id=\"t5o_201\" style=\"left:322px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5p_201\" style=\"left:325px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5q_201\" style=\"left:391px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5r_201\" style=\"left:394px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5s_201\" style=\"left:456px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5t_201\" style=\"left:459px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5u_201\" style=\"left:530px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5v_201\" style=\"left:533px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5w_201\" style=\"left:612px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5x_201\" style=\"left:615px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5y_201\" style=\"left:686px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t5z_201\" style=\"left:688px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t60_201\" style=\"left:764px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t61_201\" style=\"left:766px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t62_201\" style=\"left:850px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t63_201\" style=\"left:853px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t64_201\" style=\"left:65px;bottom:323px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s5_201\" id=\"t65_201\" style=\"left:292px;bottom:323px;letter-spacing:-0.13px;display:inline;\">(2,159) </div><div class=\"t s5_201\" id=\"t66_201\" style=\"left:373px;bottom:323px;letter-spacing:-0.32px;display:inline;\">(163) </div><div class=\"t s5_201\" id=\"t67_201\" style=\"left:460px;bottom:323px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t68_201\" style=\"left:500px;bottom:323px;letter-spacing:-0.15px;display:inline;\">(2,322) </div><div class=\"t s5_201\" id=\"t69_201\" style=\"left:594px;bottom:323px;letter-spacing:-0.34px;display:inline;\">(193) </div><div class=\"t s5_201\" id=\"t6a_201\" style=\"left:656px;bottom:323px;letter-spacing:-0.14px;display:inline;\">(2,129) </div><div class=\"t s5_201\" id=\"t6b_201\" style=\"left:755px;bottom:323px;letter-spacing:-0.12px;display:inline;\">2.7 </div><div class=\"t s5_201\" id=\"t6c_201\" style=\"left:841px;bottom:323px;letter-spacing:-0.02px;display:inline;\">5.9 </div>\n<div class=\"t s1_201\" id=\"t6d_201\" style=\"left:65px;bottom:305px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s5_201\" id=\"t6e_201\" style=\"left:304px;bottom:305px;letter-spacing:-0.43px;display:inline;\">(517) </div><div class=\"t s5_201\" id=\"t6f_201\" style=\"left:372px;bottom:305px;letter-spacing:-0.05px;display:inline;\">(206) </div><div class=\"t s5_201\" id=\"t6g_201\" style=\"left:446px;bottom:305px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6h_201\" style=\"left:511px;bottom:305px;letter-spacing:-0.1px;display:inline;\">(736) </div><div class=\"t s5_201\" id=\"t6i_201\" style=\"left:593px;bottom:305px;letter-spacing:-0.2px;display:inline;\">(220) </div><div class=\"t s5_201\" id=\"t6j_201\" style=\"left:668px;bottom:305px;letter-spacing:-0.36px;display:inline;\">(516) </div>\n<div class=\"t s3_201\" id=\"t6k_201\" style=\"left:65px;bottom:286px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s5_201\" id=\"t6l_201\" style=\"left:292px;bottom:286px;letter-spacing:-0.17px;display:inline;\">(2,676) </div><div class=\"t s5_201\" id=\"t6m_201\" style=\"left:373px;bottom:286px;letter-spacing:-0.19px;display:inline;\">(369) </div><div class=\"t s5_201\" id=\"t6n_201\" style=\"left:446px;bottom:286px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t6o_201\" style=\"left:499px;bottom:286px;letter-spacing:-0.09px;display:inline;\">(3,058) </div><div class=\"t s5_201\" id=\"t6p_201\" style=\"left:594px;bottom:286px;letter-spacing:-0.4px;display:inline;\">(413) </div><div class=\"t s5_201\" id=\"t6q_201\" style=\"left:655px;bottom:286px;letter-spacing:-0.06px;display:inline;\">(2,645) </div><div class=\"t s5_201\" id=\"t6r_201\" style=\"left:763px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6s_201\" style=\"left:766px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6t_201\" style=\"left:850px;bottom:286px;display:inline;\">\u00a0</div><div class=\"t s5_201\" id=\"t6u_201\" style=\"left:853px;bottom:286px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t6v_201\" style=\"left:65px;bottom:268px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t6w_201\" style=\"left:322px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6x_201\" style=\"left:325px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6y_201\" style=\"left:391px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t6z_201\" style=\"left:394px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t70_201\" style=\"left:456px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t71_201\" style=\"left:459px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t72_201\" style=\"left:529px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t73_201\" style=\"left:532px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t74_201\" style=\"left:612px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t75_201\" style=\"left:615px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t76_201\" style=\"left:685px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t77_201\" style=\"left:688px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t78_201\" style=\"left:763px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t79_201\" style=\"left:766px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7a_201\" style=\"left:850px;bottom:268px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t7b_201\" style=\"left:853px;bottom:268px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t7c_201\" style=\"left:65px;bottom:249px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s1_201\" id=\"t7d_201\" style=\"left:296px;bottom:249px;letter-spacing:-0.18px;display:inline;\">(2,278) </div><div class=\"t s1_201\" id=\"t7e_201\" style=\"left:376px;bottom:249px;letter-spacing:-0.33px;display:inline;\">(201) </div><div class=\"t s1_201\" id=\"t7f_201\" style=\"left:459px;bottom:249px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7g_201\" style=\"left:504px;bottom:249px;letter-spacing:-0.22px;display:inline;\">(2,479) </div><div class=\"t s1_201\" id=\"t7h_201\" style=\"left:596px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(226) </div><div class=\"t s1_201\" id=\"t7i_201\" style=\"left:660px;bottom:249px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t7j_201\" style=\"left:757px;bottom:249px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s1_201\" id=\"t7k_201\" style=\"left:843px;bottom:249px;letter-spacing:0.1px;display:inline;\">6.5 </div>\n<div class=\"t s1_201\" id=\"t7l_201\" style=\"left:65px;bottom:231px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s1_201\" id=\"t7m_201\" style=\"left:306px;bottom:231px;letter-spacing:-0.04px;display:inline;\">(864) </div><div class=\"t s1_201\" id=\"t7n_201\" style=\"left:375px;bottom:231px;letter-spacing:-0.08px;display:inline;\">(136) </div><div class=\"t s1_201\" id=\"t7o_201\" style=\"left:459px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7p_201\" style=\"left:503px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7q_201\" style=\"left:585px;bottom:231px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t s1_201\" id=\"t7r_201\" style=\"left:689px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7s_201\" style=\"left:767px;bottom:231px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7t_201\" style=\"left:853px;bottom:231px;display:inline;\">\u2013 </div>\n<div class=\"t s3_201\" id=\"t7u_201\" style=\"left:65px;bottom:213px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">Total interest bearing liabilities </div><div class=\"t s1_201\" id=\"t7v_201\" style=\"left:297px;bottom:213px;letter-spacing:-0.31px;display:inline;\">(3,142) </div><div class=\"t s1_201\" id=\"t7w_201\" style=\"left:375px;bottom:213px;letter-spacing:-0.05px;display:inline;\">(337) </div><div class=\"t s1_201\" id=\"t7x_201\" style=\"left:459px;bottom:213px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t7y_201\" style=\"left:504px;bottom:213px;letter-spacing:-0.18px;display:inline;\">(3,479) </div><div class=\"t s1_201\" id=\"t7z_201\" style=\"left:586px;bottom:213px;letter-spacing:-0.16px;display:inline;\">(1,226) </div><div class=\"t s1_201\" id=\"t80_201\" style=\"left:660px;bottom:213px;letter-spacing:-0.13px;display:inline;\">(2,253) </div><div class=\"t s1_201\" id=\"t81_201\" style=\"left:763px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t82_201\" style=\"left:766px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t83_201\" style=\"left:850px;bottom:213px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t84_201\" style=\"left:853px;bottom:213px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t85_201\" style=\"left:65px;bottom:184px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">In 2022, the Group also had liabilities due for deferred and contingent acquisition consideration (denominated in US Dollars, Swiss Francs </div>\n<div class=\"t s1_201\" id=\"t86_201\" style=\"left:65px;bottom:168px;word-spacing:0.03px;display:inline;\">and Euros) totalling $92m (2021: $91m, 2020: $165m) on which no interest was payable (see Note 14). There were no other\u00a0signi\ufb01cant </div>\n<div class=\"t s1_201\" id=\"t87_201\" style=\"left:65px;bottom:153px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">interest bearing or non-interest bearing \ufb01nancial liabilities. Euro \ufb02oating rates are typically based on EURIBOR and US Dollar rates are </div>\n<div class=\"t s1_201\" id=\"t88_201\" style=\"left:65px;bottom:138px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">typically based on SOFR. The\u00a0weighted average interest rate on \ufb02oating rate borrowings as at\u00a031 December 2022 was over 3% (2021: </div>\n<div class=\"t s1_201\" id=\"t89_201\" style=\"left:65px;bottom:123px;letter-spacing:-0.09px;word-spacing:0.11px;display:inline;\">less than 1%). </div>\n<div class=\"t s9_201\" id=\"t8a_201\" style=\"left:829px;bottom:11px;letter-spacing:-0.79px;display:inline;\">199 </div><div class=\"t sa_201\" id=\"t8b_201\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sb_201\" id=\"t8c_201\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sc_201\" id=\"t8d_201\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sc_201\" id=\"t8e_201\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sd_201\" id=\"t8f_201\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sc_201\" id=\"t8g_201\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_202\" id=\"t1_202\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_202\" id=\"t2_202\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_202\" id=\"t3_202\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_202\" id=\"t4_202\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_202\" id=\"t5_202\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_202\" id=\"t6_202\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_202\" id=\"t7_202\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_202\" id=\"t8_202\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Currency and interest rate pro\ufb01le of interest bearing assets: </div>\n<div class=\"t s9_202\" id=\"t9_202\" style=\"left:320px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ta_202\" style=\"left:323px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tb_202\" style=\"left:378px;bottom:917px;letter-spacing:-0.04px;display:inline;\">Cash </div><div class=\"t s9_202\" id=\"tc_202\" style=\"left:444px;bottom:917px;letter-spacing:-0.08px;display:inline;\">Currency\u00a0</div><div class=\"t s9_202\" id=\"td_202\" style=\"left:518px;bottom:917px;letter-spacing:-0.1px;word-spacing:-0.13px;display:inline;\">Interest rate\u00a0</div><div class=\"t s9_202\" id=\"te_202\" style=\"left:587px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tf_202\" style=\"left:674px;bottom:917px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tg_202\" style=\"left:713px;bottom:917px;letter-spacing:-0.13px;display:inline;\">Floating </div><div class=\"t s9_202\" id=\"th_202\" style=\"left:814px;bottom:917px;letter-spacing:-0.15px;display:inline;\">Fixed\u00a0</div>\n<div class=\"t s9_202\" id=\"ti_202\" style=\"left:366px;bottom:905px;letter-spacing:-0.13px;word-spacing:-0.12px;display:inline;\">at\u00a0bank </div><div class=\"t s9_202\" id=\"tj_202\" style=\"left:458px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tk_202\" style=\"left:549px;bottom:905px;letter-spacing:-0.07px;display:inline;\">swaps\u00a0</div><div class=\"t s9_202\" id=\"tl_202\" style=\"left:607px;bottom:905px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Total\u00a0assets </div><div class=\"t s9_202\" id=\"tm_202\" style=\"left:699px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"tn_202\" style=\"left:785px;bottom:905px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">rate\u00a0assets </div><div class=\"t s9_202\" id=\"to_202\" style=\"left:844px;bottom:905px;display:inline;\">\u00a0</div>\n<div class=\"t s9_202\" id=\"tp_202\" style=\"left:320px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tq_202\" style=\"left:323px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tr_202\" style=\"left:325px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ts_202\" style=\"left:327px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tt_202\" style=\"left:361px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tu_202\" style=\"left:407px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tv_202\" style=\"left:409px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tw_202\" style=\"left:412px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"tx_202\" style=\"left:414px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"ty_202\" style=\"left:447px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"tz_202\" style=\"left:494px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t10_202\" style=\"left:496px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t11_202\" style=\"left:498px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t12_202\" style=\"left:501px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t13_202\" style=\"left:538px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t14_202\" style=\"left:585px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t15_202\" style=\"left:587px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t16_202\" style=\"left:589px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t17_202\" style=\"left:592px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t18_202\" style=\"left:625px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t19_202\" style=\"left:671px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1a_202\" style=\"left:674px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1b_202\" style=\"left:676px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1c_202\" style=\"left:678px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1d_202\" style=\"left:711px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1e_202\" style=\"left:758px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1f_202\" style=\"left:760px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1g_202\" style=\"left:763px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1h_202\" style=\"left:765px;bottom:893px;display:inline;\">\u00a0</div><div class=\"t s9_202\" id=\"t1i_202\" style=\"left:798px;bottom:893px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_202\" id=\"t1j_202\" style=\"left:844px;bottom:893px;display:inline;\">\u00a0</div>\n<div class=\"t sa_202\" id=\"t1k_202\" style=\"left:48px;bottom:873px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div>\n<div class=\"t s8_202\" id=\"t1l_202\" style=\"left:43px;bottom:854px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t sb_202\" id=\"t1m_202\" style=\"left:378px;bottom:854px;letter-spacing:-0.26px;display:inline;\">207 </div><div class=\"t sb_202\" id=\"t1n_202\" style=\"left:464px;bottom:854px;letter-spacing:-0.13px;display:inline;\">205 </div><div class=\"t sb_202\" id=\"t1o_202\" style=\"left:572px;bottom:854px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1p_202\" style=\"left:642px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1q_202\" style=\"left:729px;bottom:854px;letter-spacing:-0.5px;display:inline;\">412 </div><div class=\"t sb_202\" id=\"t1r_202\" style=\"left:832px;bottom:854px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t1s_202\" style=\"left:43px;bottom:836px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t sb_202\" id=\"t1t_202\" style=\"left:377px;bottom:836px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sb_202\" id=\"t1u_202\" style=\"left:464px;bottom:836px;letter-spacing:-0.27px;display:inline;\">164 </div><div class=\"t sb_202\" id=\"t1v_202\" style=\"left:572px;bottom:836px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t1w_202\" style=\"left:642px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1x_202\" style=\"left:728px;bottom:836px;letter-spacing:-0.18px;display:inline;\">307 </div><div class=\"t sb_202\" id=\"t1y_202\" style=\"left:832px;bottom:836px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t1z_202\" style=\"left:43px;bottom:818px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t sb_202\" id=\"t20_202\" style=\"left:377px;bottom:818px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sb_202\" id=\"t21_202\" style=\"left:464px;bottom:818px;letter-spacing:-0.23px;display:inline;\">369 </div><div class=\"t sb_202\" id=\"t22_202\" style=\"left:572px;bottom:818px;display:inline;\">\u2013 </div><div class=\"t sb_202\" id=\"t23_202\" style=\"left:642px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t24_202\" style=\"left:729px;bottom:818px;letter-spacing:-0.43px;display:inline;\">719 </div><div class=\"t sb_202\" id=\"t25_202\" style=\"left:832px;bottom:818px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t26_202\" style=\"left:43px;bottom:799px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div>\n<div class=\"t s8_202\" id=\"t27_202\" style=\"left:43px;bottom:781px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">US Dollar </div><div class=\"t s8_202\" id=\"t28_202\" style=\"left:369px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,156 </div><div class=\"t s8_202\" id=\"t29_202\" style=\"left:466px;bottom:781px;letter-spacing:-0.2px;display:inline;\">135 </div><div class=\"t s8_202\" id=\"t2a_202\" style=\"left:572px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2b_202\" style=\"left:633px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2c_202\" style=\"left:720px;bottom:781px;letter-spacing:-0.24px;display:inline;\">1,291 </div><div class=\"t s8_202\" id=\"t2d_202\" style=\"left:832px;bottom:781px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2e_202\" style=\"left:43px;bottom:762px;letter-spacing:0.27px;display:inline;\">Other </div><div class=\"t s8_202\" id=\"t2f_202\" style=\"left:379px;bottom:762px;letter-spacing:-0.1px;display:inline;\">134 </div><div class=\"t s8_202\" id=\"t2g_202\" style=\"left:466px;bottom:762px;letter-spacing:-0.43px;display:inline;\">202 </div><div class=\"t s8_202\" id=\"t2h_202\" style=\"left:572px;bottom:762px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2i_202\" style=\"left:643px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2j_202\" style=\"left:730px;bottom:762px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t s8_202\" id=\"t2k_202\" style=\"left:832px;bottom:762px;display:inline;\">\u2013 </div>\n<div class=\"t sa_202\" id=\"t2l_202\" style=\"left:43px;bottom:744px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Total interest bearing assets </div><div class=\"t s8_202\" id=\"t2m_202\" style=\"left:369px;bottom:744px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_202\" id=\"t2n_202\" style=\"left:466px;bottom:744px;letter-spacing:-0.36px;display:inline;\">337 </div><div class=\"t s8_202\" id=\"t2o_202\" style=\"left:572px;bottom:744px;display:inline;\">\u2013 </div><div class=\"t s8_202\" id=\"t2p_202\" style=\"left:634px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2q_202\" style=\"left:720px;bottom:744px;letter-spacing:-0.33px;display:inline;\">1,627 </div><div class=\"t s8_202\" id=\"t2r_202\" style=\"left:832px;bottom:744px;display:inline;\">\u2013 </div>\n<div class=\"t s8_202\" id=\"t2s_202\" style=\"left:43px;bottom:706px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Floating rates on assets are typically based on the short-term deposit rates relevant to the currency concerned. </div>\n<div class=\"t sc_202\" id=\"t2t_202\" style=\"left:43px;bottom:682px;letter-spacing:-0.51px;display:inline;\">16.6 </div><div class=\"t sd_202\" id=\"t2u_202\" style=\"left:74px;bottom:682px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Fair value of \ufb01nancial assets and liabilities </div>\n<div class=\"t se_202\" id=\"t2v_202\" style=\"left:53px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\n<div class=\"t sg_202\" id=\"t35_202\" style=\"left:53px;bottom:479px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">the\u00a0change has occurred. </div>\n<div class=\"t s8_202\" id=\"t36_202\" style=\"left:43px;bottom:442px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">There has been no change in the classi\ufb01cation of \ufb01nancial assets and liabilities, the method and assumptions used in determining fair </div>\n<div class=\"t s8_202\" id=\"t37_202\" style=\"left:43px;bottom:426px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value and the categorisation of \ufb01nancial assets and liabilities within the fair value hierarchy from those disclosed in the Annual Report </div>\n<div class=\"t s8_202\" id=\"t38_202\" style=\"left:43px;bottom:411px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">for\u00a0the year ended 31 December 2021. </div>\n<div class=\"t s8_202\" id=\"t39_202\" style=\"left:43px;bottom:387px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group enters into derivative \ufb01nancial instruments with \ufb01nancial institutions with investment grade credit ratings. The fair value </div>\n<div class=\"t s8_202\" id=\"t3a_202\" style=\"left:43px;bottom:372px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of forward foreign exchange contracts is calculated by reference to quoted market forward exchange rates for contracts with similar </div>\n<div class=\"t s8_202\" id=\"t3b_202\" style=\"left:43px;bottom:357px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">maturity pro\ufb01les. The fair value of currency swaps is determined by reference to quoted market spot rates. As a result, foreign forward </div>\n<div class=\"t s8_202\" id=\"t3c_202\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">exchange contracts and currency swaps are classi\ufb01ed as Level 2 within the fair value hierarchy. The changes in counterparty credit </div>\n<div class=\"t s8_202\" id=\"t3d_202\" style=\"left:43px;bottom:326px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">risk had no material e\ufb00ect on the hedge e\ufb00ectiveness for derivatives designated in hedge relationships and other \ufb01nancial instruments </div>\n<div class=\"t s8_202\" id=\"t3e_202\" style=\"left:43px;bottom:311px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">recognised at fair value. The fair value of investments is based upon third-party pricing models for share issues. As a result, investments </div>\n<div class=\"t s8_202\" id=\"t3f_202\" style=\"left:43px;bottom:295px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">are considered Level 3 in the fair value hierarchy. There were no transfers between Levels 1, 2 and 3 during 2022 and 2021. For cash </div>\n<div class=\"t s8_202\" id=\"t3g_202\" style=\"left:43px;bottom:280px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and cash equivalents, short-term loans and receivables, overdra\ufb05s and other short-term liabilities which have a maturity of less than </div>\n<div class=\"t s8_202\" id=\"t3h_202\" style=\"left:43px;bottom:265px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">three\u00a0months, the book values approximate the fair values\u00a0because of\u00a0their short-term nature. </div>\n<div class=\"t s8_202\" id=\"t3i_202\" style=\"left:43px;bottom:241px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Long-term borrowings are measured in the balance sheet at amortised cost. The corporate bonds issued in October 2020 and October </div>\n<div class=\"t s8_202\" id=\"t3j_202\" style=\"left:43px;bottom:226px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">2022 are publicly listed and a market price is available. The Group\u2019s other long-term borrowings are not quoted publicly, their fair values </div>\n<div class=\"t s8_202\" id=\"t3k_202\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">are estimated by\u00a0discounting future contractual cash \ufb02ows to net present\u00a0values at the current market interest rates available to the </div>\n<div class=\"t s8_202\" id=\"t3l_202\" style=\"left:43px;bottom:195px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Group for similar\u00a0\ufb01nancial instruments as at the year end. The fair\u00a0value of\u00a0the\u00a0private placement notes is determined using a discounted </div>\n<div class=\"t s8_202\" id=\"t3m_202\" style=\"left:43px;bottom:180px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">cash \ufb02ow model based on prevailing market rates. </div>\n<div class=\"t sh_202\" id=\"t3n_202\" style=\"left:43px;bottom:11px;letter-spacing:-0.46px;display:inline;\">200 </div><div class=\"t si_202\" id=\"t3o_202\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_202\" id=\"t3p_202\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_203\" id=\"t1_203\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The following table shows the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial liabilities, including their levels in the </div>\n<div class=\"t s1_203\" id=\"t2_203\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">fair\u00a0value hierarchy. It does not include fair value information for \ufb01nancial assets and \ufb01nancial liabilities not measured at fair value. </div>\n<div class=\"t s2_203\" id=\"t3_203\" style=\"left:646px;bottom:920px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s2_203\" id=\"t4_203\" style=\"left:650px;bottom:908px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_203\" id=\"t5_203\" style=\"left:814px;bottom:908px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair\u00a0value </div>\n<div class=\"t s2_203\" id=\"t6_203\" style=\"left:299px;bottom:879px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s2_203\" id=\"t7_203\" style=\"left:316px;bottom:867px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s2_203\" id=\"t8_203\" style=\"left:295px;bottom:855px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s2_203\" id=\"t9_203\" style=\"left:372px;bottom:867px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s2_203\" id=\"ta_203\" style=\"left:403px;bottom:855px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s2_203\" id=\"tb_203\" style=\"left:442px;bottom:879px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tc_203\" style=\"left:450px;bottom:867px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"td_203\" style=\"left:471px;bottom:855px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s2_203\" id=\"te_203\" style=\"left:507px;bottom:892px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tf_203\" style=\"left:515px;bottom:879px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"tg_203\" style=\"left:526px;bottom:867px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s2_203\" id=\"th_203\" style=\"left:523px;bottom:855px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s2_203\" id=\"ti_203\" style=\"left:590px;bottom:879px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s2_203\" id=\"tj_203\" style=\"left:577px;bottom:867px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s2_203\" id=\"tk_203\" style=\"left:574px;bottom:855px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_203\" id=\"tl_203\" style=\"left:663px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_203\" id=\"tm_203\" style=\"left:709px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s2_203\" id=\"tn_203\" style=\"left:766px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s2_203\" id=\"to_203\" style=\"left:836px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s2_203\" id=\"tp_203\" style=\"left:69px;bottom:843px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">At\u00a031\u00a0December\u00a02022 </div><div class=\"t s2_203\" id=\"tq_203\" style=\"left:281px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tr_203\" style=\"left:284px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"ts_203\" style=\"left:286px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tt_203\" style=\"left:313px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"tu_203\" style=\"left:359px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tv_203\" style=\"left:362px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tw_203\" style=\"left:364px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tx_203\" style=\"left:382px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"ty_203\" style=\"left:429px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tz_203\" style=\"left:431px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t10_203\" style=\"left:433px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t11_203\" style=\"left:447px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t12_203\" style=\"left:494px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t13_203\" style=\"left:496px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t14_203\" style=\"left:498px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t15_203\" style=\"left:512px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t16_203\" style=\"left:559px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t17_203\" style=\"left:561px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t18_203\" style=\"left:563px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t19_203\" style=\"left:577px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1a_203\" style=\"left:624px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1b_203\" style=\"left:626px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1c_203\" style=\"left:628px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1d_203\" style=\"left:646px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1e_203\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1f_203\" style=\"left:695px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1g_203\" style=\"left:698px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1h_203\" style=\"left:752px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1i_203\" style=\"left:754px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1j_203\" style=\"left:808px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1k_203\" style=\"left:810px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1l_203\" style=\"left:820px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:823px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:809px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t1o_203\" style=\"left:343px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1p_203\" style=\"left:346px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1q_203\" style=\"left:413px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1r_203\" style=\"left:416px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:478px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1t_203\" style=\"left:481px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1u_203\" style=\"left:543px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1v_203\" style=\"left:546px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1w_203\" style=\"left:608px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1x_203\" style=\"left:611px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1y_203\" style=\"left:677px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1z_203\" style=\"left:680px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t20_203\" style=\"left:733px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t21_203\" style=\"left:736px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t22_203\" style=\"left:789px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t23_203\" style=\"left:792px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t24_203\" style=\"left:850px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t25_203\" style=\"left:853px;bottom:809px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t26_203\" style=\"left:65px;bottom:791px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t27_203\" style=\"left:338px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t28_203\" style=\"left:416px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t29_203\" style=\"left:481px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2a_203\" style=\"left:546px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2b_203\" style=\"left:611px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2c_203\" style=\"left:671px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2d_203\" style=\"left:728px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2e_203\" style=\"left:793px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2f_203\" style=\"left:845px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div>\n<div class=\"t s1_203\" id=\"t2g_203\" style=\"left:65px;bottom:773px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s4_203\" id=\"t2h_203\" style=\"left:347px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2i_203\" style=\"left:416px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2j_203\" style=\"left:481px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2k_203\" style=\"left:537px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2l_203\" style=\"left:611px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2m_203\" style=\"left:672px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2n_203\" style=\"left:737px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2o_203\" style=\"left:784px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2p_203\" style=\"left:845px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div>\n<div class=\"t s1_203\" id=\"t2q_203\" style=\"left:65px;bottom:754px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s4_203\" id=\"t2r_203\" style=\"left:347px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2s_203\" style=\"left:416px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2t_203\" style=\"left:481px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2u_203\" style=\"left:537px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2v_203\" style=\"left:611px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2w_203\" style=\"left:672px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2x_203\" style=\"left:737px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2y_203\" style=\"left:784px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2z_203\" style=\"left:845px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div>\n<div class=\"t s1_203\" id=\"t30_203\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t31_203\" style=\"left:347px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t32_203\" style=\"left:416px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t33_203\" style=\"left:481px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t34_203\" style=\"left:546px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t35_203\" style=\"left:611px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t36_203\" style=\"left:680px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t37_203\" style=\"left:736px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t38_203\" style=\"left:793px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t39_203\" style=\"left:853px;bottom:736px;display:inline;\">1 </div>\n<div class=\"t s4_203\" id=\"t3a_203\" style=\"left:338px;bottom:717px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t3b_203\" style=\"left:416px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3c_203\" style=\"left:481px;bottom:717px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t3d_203\" style=\"left:537px;bottom:717px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s4_203\" id=\"t3e_203\" style=\"left:611px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3f_203\" style=\"left:671px;bottom:717px;letter-spacing:-0.23px;display:inline;\">77 </div><div class=\"t s4_203\" id=\"t3g_203\" style=\"left:789px;bottom:717px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3h_203\" style=\"left:792px;bottom:717px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t3i_203\" style=\"left:65px;bottom:699px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t s3_203\" id=\"t3j_203\" style=\"left:65px;bottom:685px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t3k_203\" style=\"left:343px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3l_203\" style=\"left:346px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3m_203\" style=\"left:413px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3n_203\" style=\"left:416px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3o_203\" style=\"left:478px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3p_203\" style=\"left:480px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3q_203\" style=\"left:543px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3r_203\" style=\"left:545px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3s_203\" style=\"left:607px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3t_203\" style=\"left:610px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3u_203\" style=\"left:677px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3v_203\" style=\"left:680px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3w_203\" style=\"left:733px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3x_203\" style=\"left:736px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3y_203\" style=\"left:789px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3z_203\" style=\"left:792px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t40_203\" style=\"left:850px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t41_203\" style=\"left:853px;bottom:685px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t42_203\" style=\"left:65px;bottom:667px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t43_203\" style=\"left:347px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t44_203\" style=\"left:416px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t45_203\" style=\"left:481px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t46_203\" style=\"left:532px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t47_203\" style=\"left:611px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t48_203\" style=\"left:666px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t49_203\" style=\"left:737px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4a_203\" style=\"left:779px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t4b_203\" style=\"left:840px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div>\n<div class=\"t s1_203\" id=\"t4c_203\" style=\"left:65px;bottom:648px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t4d_203\" style=\"left:334px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4e_203\" style=\"left:416px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4f_203\" style=\"left:481px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4g_203\" style=\"left:546px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4h_203\" style=\"left:611px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4i_203\" style=\"left:667px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4j_203\" style=\"left:724px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4k_203\" style=\"left:793px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4l_203\" style=\"left:840px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div>\n<div class=\"t s1_203\" id=\"t4m_203\" style=\"left:65px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div><div class=\"t s4_203\" id=\"t4n_203\" style=\"left:333px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4o_203\" style=\"left:416px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4p_203\" style=\"left:481px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4q_203\" style=\"left:546px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4r_203\" style=\"left:611px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4s_203\" style=\"left:667px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4t_203\" style=\"left:723px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4u_203\" style=\"left:793px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4v_203\" style=\"left:840px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div>\n<div class=\"t s1_203\" id=\"t4w_203\" style=\"left:65px;bottom:611px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t4x_203\" style=\"left:347px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4y_203\" style=\"left:416px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4z_203\" style=\"left:476px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t50_203\" style=\"left:546px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t51_203\" style=\"left:611px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t52_203\" style=\"left:675px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t53_203\" style=\"left:732px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t54_203\" style=\"left:793px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t55_203\" style=\"left:848px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t s4_203\" id=\"t56_203\" style=\"left:333px;bottom:593px;letter-spacing:-0.25px;display:inline;\">(55) </div><div class=\"t s4_203\" id=\"t57_203\" style=\"left:416px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t58_203\" style=\"left:476px;bottom:593px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t59_203\" style=\"left:532px;bottom:593px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t5a_203\" style=\"left:611px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t5b_203\" style=\"left:658px;bottom:593px;letter-spacing:-0.2px;display:inline;\">(134) </div><div class=\"t s4_203\" id=\"t5c_203\" style=\"left:733px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5d_203\" style=\"left:736px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5e_203\" style=\"left:789px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5f_203\" style=\"left:792px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5g_203\" style=\"left:850px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5h_203\" style=\"left:853px;bottom:593px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t5i_203\" style=\"left:65px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t s3_203\" id=\"t5j_203\" style=\"left:65px;bottom:561px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t5k_203\" style=\"left:343px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5l_203\" style=\"left:346px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5m_203\" style=\"left:412px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5n_203\" style=\"left:415px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5o_203\" style=\"left:477px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5p_203\" style=\"left:480px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5q_203\" style=\"left:542px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5r_203\" style=\"left:545px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5s_203\" style=\"left:607px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5t_203\" style=\"left:610px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5u_203\" style=\"left:677px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5v_203\" style=\"left:680px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5w_203\" style=\"left:733px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5x_203\" style=\"left:736px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5y_203\" style=\"left:789px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5z_203\" style=\"left:792px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t60_203\" style=\"left:850px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t61_203\" style=\"left:853px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t62_203\" style=\"left:65px;bottom:542px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s4_203\" id=\"t63_203\" style=\"left:318px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t64_203\" style=\"left:416px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t65_203\" style=\"left:481px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t66_203\" style=\"left:546px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t67_203\" style=\"left:611px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t68_203\" style=\"left:651px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t69_203\" style=\"left:733px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6a_203\" style=\"left:736px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6b_203\" style=\"left:789px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6c_203\" style=\"left:792px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6d_203\" style=\"left:850px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6e_203\" style=\"left:853px;bottom:542px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t6f_203\" style=\"left:65px;bottom:524px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s4_203\" id=\"t6g_203\" style=\"left:347px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6h_203\" style=\"left:399px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6i_203\" style=\"left:481px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6j_203\" style=\"left:546px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6k_203\" style=\"left:611px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6l_203\" style=\"left:663px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6m_203\" style=\"left:733px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6n_203\" style=\"left:736px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6o_203\" style=\"left:789px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6p_203\" style=\"left:792px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6q_203\" style=\"left:850px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6r_203\" style=\"left:853px;bottom:524px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t6s_203\" style=\"left:318px;bottom:505px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t6t_203\" style=\"left:399px;bottom:505px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6u_203\" style=\"left:481px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6v_203\" style=\"left:546px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6w_203\" style=\"left:611px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6x_203\" style=\"left:651px;bottom:505px;letter-spacing:-0.15px;display:inline;\">1,473 </div><div class=\"t s4_203\" id=\"t6y_203\" style=\"left:733px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6z_203\" style=\"left:736px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t70_203\" style=\"left:789px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t71_203\" style=\"left:792px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t72_203\" style=\"left:850px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t73_203\" style=\"left:853px;bottom:505px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t74_203\" style=\"left:65px;bottom:487px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t s3_203\" id=\"t75_203\" style=\"left:65px;bottom:473px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t76_203\" style=\"left:343px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t77_203\" style=\"left:346px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t78_203\" style=\"left:412px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t79_203\" style=\"left:415px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7a_203\" style=\"left:477px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7b_203\" style=\"left:480px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7c_203\" style=\"left:542px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7d_203\" style=\"left:545px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7e_203\" style=\"left:607px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7f_203\" style=\"left:610px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7g_203\" style=\"left:676px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7h_203\" style=\"left:679px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7i_203\" style=\"left:733px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7j_203\" style=\"left:736px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7k_203\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7l_203\" style=\"left:792px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7m_203\" style=\"left:850px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7n_203\" style=\"left:853px;bottom:473px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t7o_203\" style=\"left:64px;bottom:455px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t7p_203\" style=\"left:347px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7q_203\" style=\"left:416px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7r_203\" style=\"left:481px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7s_203\" style=\"left:546px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7t_203\" style=\"left:597px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7u_203\" style=\"left:666px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7v_203\" style=\"left:733px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7w_203\" style=\"left:736px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7x_203\" style=\"left:789px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7y_203\" style=\"left:792px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7z_203\" style=\"left:850px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t80_203\" style=\"left:853px;bottom:455px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t81_203\" style=\"left:64px;bottom:436px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s4_203\" id=\"t82_203\" style=\"left:347px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t83_203\" style=\"left:416px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t84_203\" style=\"left:481px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t85_203\" style=\"left:546px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t86_203\" style=\"left:605px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t87_203\" style=\"left:674px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t88_203\" style=\"left:733px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t89_203\" style=\"left:736px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8a_203\" style=\"left:789px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8b_203\" style=\"left:792px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8c_203\" style=\"left:850px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8d_203\" style=\"left:852px;bottom:436px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t8e_203\" style=\"left:64px;bottom:416px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Corporate bond not in a hedge </div>\n<div class=\"t s1_203\" id=\"t8f_203\" style=\"left:64px;bottom:402px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8g_203\" style=\"left:347px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8h_203\" style=\"left:416px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8i_203\" style=\"left:481px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8j_203\" style=\"left:546px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8k_203\" style=\"left:588px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div><div class=\"t s4_203\" id=\"t8l_203\" style=\"left:658px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div>\n<div class=\"t s1_203\" id=\"t8m_203\" style=\"left:64px;bottom:382px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Corporate bond in a hedge </div>\n<div class=\"t s1_203\" id=\"t8n_203\" style=\"left:64px;bottom:368px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8o_203\" style=\"left:347px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8p_203\" style=\"left:416px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8q_203\" style=\"left:481px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8r_203\" style=\"left:546px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8s_203\" style=\"left:589px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8t_203\" style=\"left:658px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8u_203\" style=\"left:733px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8v_203\" style=\"left:736px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8w_203\" style=\"left:789px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8x_203\" style=\"left:792px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8y_203\" style=\"left:850px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8z_203\" style=\"left:852px;bottom:368px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t90_203\" style=\"left:64px;bottom:350px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s1_203\" id=\"t91_203\" style=\"left:64px;bottom:336px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s4_203\" id=\"t92_203\" style=\"left:346px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t93_203\" style=\"left:416px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t94_203\" style=\"left:481px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t95_203\" style=\"left:546px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t96_203\" style=\"left:577px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div><div class=\"t s4_203\" id=\"t97_203\" style=\"left:646px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div>\n<div class=\"t s1_203\" id=\"t98_203\" style=\"left:64px;bottom:318px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s4_203\" id=\"t99_203\" style=\"left:346px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9a_203\" style=\"left:416px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9b_203\" style=\"left:481px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9c_203\" style=\"left:546px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9d_203\" style=\"left:576px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9e_203\" style=\"left:645px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9f_203\" style=\"left:733px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9g_203\" style=\"left:735px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9h_203\" style=\"left:789px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9i_203\" style=\"left:792px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9j_203\" style=\"left:849px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9k_203\" style=\"left:852px;bottom:318px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t9l_203\" style=\"left:346px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9m_203\" style=\"left:416px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9n_203\" style=\"left:481px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9o_203\" style=\"left:546px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9p_203\" style=\"left:577px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9q_203\" style=\"left:646px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9r_203\" style=\"left:732px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9s_203\" style=\"left:735px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9t_203\" style=\"left:789px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9u_203\" style=\"left:792px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9v_203\" style=\"left:849px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9w_203\" style=\"left:852px;bottom:299px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t9x_203\" style=\"left:64px;bottom:271px;letter-spacing:0.04px;display:inline;\">At 31 December 2022, the book value and market value of the USD corporate bond were $994m and $783m respectively (2021: $993m </div>\n<div class=\"t s1_203\" id=\"t9y_203\" style=\"left:64px;bottom:255px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">and $962m), the book value and market value of the EUR Corporate bond were $516m and $531m respectively. The book value and fair </div>\n<div class=\"t s1_203\" id=\"t9z_203\" style=\"left:64px;bottom:240px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">value of the private placement debt were $1,160m and $987m respectively (2021: $1,285m and $1,316m). </div>\n<div class=\"t s5_203\" id=\"ta0_203\" style=\"left:830px;bottom:11px;letter-spacing:-1.12px;display:inline;\">201 </div><div class=\"t s6_203\" id=\"ta1_203\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_203\" id=\"ta2_203\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_203\" id=\"ta3_203\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_203\" id=\"ta4_203\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_203\" id=\"ta5_203\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_203\" id=\"ta6_203\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_204\" id=\"t1_204\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_204\" id=\"t2_204\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_204\" id=\"t3_204\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_204\" id=\"t4_204\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_204\" id=\"t5_204\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_204\" id=\"t6_204\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_204\" id=\"t7_204\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_204\" id=\"t8_204\" style=\"left:43px;bottom:939px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">During the year ended 31 December 2022, acquisition consideration increased by $1m due to $42m increase for acquisitions being </div>\n<div class=\"t s8_204\" id=\"t9_204\" style=\"left:43px;bottom:924px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">partially o\ufb00set $24m of payments for acquisitions made in the current and prior years, and $17m of remeasurement and discount </div>\n<div class=\"t s8_204\" id=\"ta_204\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">unwind. The fair value of contingent consideration is\u00a0estimated using a discounted cash \ufb02ow model. The valuation model considers the </div>\n<div class=\"t s8_204\" id=\"tb_204\" style=\"left:43px;bottom:893px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">present value of expected payment, discounted using a risk-adjusted discount rate. The expected payment is determined by considering </div>\n<div class=\"t s8_204\" id=\"tc_204\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the possible scenarios, which relate\u00a0to the achievement of established milestones and targets, the amount to\u00a0be paid under each </div>\n<div class=\"t s8_204\" id=\"td_204\" style=\"left:43px;bottom:863px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">scenario and the probability of\u00a0each\u00a0scenario. As a\u00a0result, contingent consideration is classi\ufb01ed as Level 3 within the fair value hierarchy. </div>\n<div class=\"t s9_204\" id=\"te_204\" style=\"left:620px;bottom:840px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s9_204\" id=\"tf_204\" style=\"left:624px;bottom:828px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s9_204\" id=\"tg_204\" style=\"left:793px;bottom:828px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"th_204\" style=\"left:282px;bottom:800px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s9_204\" id=\"ti_204\" style=\"left:299px;bottom:787px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s9_204\" id=\"tj_204\" style=\"left:278px;bottom:775px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s9_204\" id=\"tk_204\" style=\"left:355px;bottom:787px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s9_204\" id=\"tl_204\" style=\"left:386px;bottom:775px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s9_204\" id=\"tm_204\" style=\"left:425px;bottom:800px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tn_204\" style=\"left:433px;bottom:787px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"to_204\" style=\"left:454px;bottom:775px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s9_204\" id=\"tp_204\" style=\"left:490px;bottom:812px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tq_204\" style=\"left:498px;bottom:800px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"tr_204\" style=\"left:509px;bottom:787px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s9_204\" id=\"ts_204\" style=\"left:505px;bottom:775px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s9_204\" id=\"tt_204\" style=\"left:569px;bottom:800px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s9_204\" id=\"tu_204\" style=\"left:555px;bottom:787px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s9_204\" id=\"tv_204\" style=\"left:553px;bottom:775px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_204\" id=\"tw_204\" style=\"left:637px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s9_204\" id=\"tx_204\" style=\"left:683px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s9_204\" id=\"ty_204\" style=\"left:740px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s9_204\" id=\"tz_204\" style=\"left:815px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_204\" id=\"t10_204\" style=\"left:43px;bottom:761px;letter-spacing:-0.26px;word-spacing:-0.01px;display:inline;\">At\u00a031\u00a0December\u00a02021 </div><div class=\"t s9_204\" id=\"t11_204\" style=\"left:264px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t12_204\" style=\"left:266px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t13_204\" style=\"left:269px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t14_204\" style=\"left:271px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t15_204\" style=\"left:296px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t16_204\" style=\"left:342px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t17_204\" style=\"left:344px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t18_204\" style=\"left:347px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t19_204\" style=\"left:365px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1a_204\" style=\"left:411px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:414px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1c_204\" style=\"left:416px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1d_204\" style=\"left:430px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1e_204\" style=\"left:476px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1f_204\" style=\"left:479px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1g_204\" style=\"left:481px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:495px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1i_204\" style=\"left:555px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1j_204\" style=\"left:602px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1k_204\" style=\"left:604px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1l_204\" style=\"left:607px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1m_204\" style=\"left:620px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:667px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1o_204\" style=\"left:669px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1p_204\" style=\"left:672px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1q_204\" style=\"left:726px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1r_204\" style=\"left:728px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1s_204\" style=\"left:782px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:784px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1u_204\" style=\"left:798px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_204\" id=\"t1v_204\" style=\"left:43px;bottom:741px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t sa_204\" id=\"t1w_204\" style=\"left:43px;bottom:728px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t1x_204\" style=\"left:326px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1y_204\" style=\"left:329px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1z_204\" style=\"left:395px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t20_204\" style=\"left:398px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t21_204\" style=\"left:460px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t22_204\" style=\"left:463px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t23_204\" style=\"left:525px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t24_204\" style=\"left:528px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t25_204\" style=\"left:586px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t26_204\" style=\"left:589px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t27_204\" style=\"left:651px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t28_204\" style=\"left:654px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t29_204\" style=\"left:707px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2a_204\" style=\"left:710px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2b_204\" style=\"left:763px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2c_204\" style=\"left:766px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2d_204\" style=\"left:828px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2e_204\" style=\"left:831px;bottom:728px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t2f_204\" style=\"left:43px;bottom:709px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t2g_204\" style=\"left:322px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2h_204\" style=\"left:399px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2i_204\" style=\"left:464px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2j_204\" style=\"left:528px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2k_204\" style=\"left:589px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2l_204\" style=\"left:647px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2m_204\" style=\"left:703px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:767px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:825px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s8_204\" id=\"t2p_204\" style=\"left:43px;bottom:691px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s8_204\" id=\"t2q_204\" style=\"left:329px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2r_204\" style=\"left:399px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2s_204\" style=\"left:463px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2t_204\" style=\"left:522px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:589px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2v_204\" style=\"left:647px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2w_204\" style=\"left:710px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2x_204\" style=\"left:760px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2y_204\" style=\"left:825px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_204\" id=\"t2z_204\" style=\"left:43px;bottom:672px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s8_204\" id=\"t30_204\" style=\"left:329px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t31_204\" style=\"left:399px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t32_204\" style=\"left:463px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t33_204\" style=\"left:521px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t34_204\" style=\"left:589px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t35_204\" style=\"left:647px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t36_204\" style=\"left:710px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t37_204\" style=\"left:759px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t38_204\" style=\"left:824px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s8_204\" id=\"t39_204\" style=\"left:43px;bottom:654px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t3a_204\" style=\"left:329px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3b_204\" style=\"left:399px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:464px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3d_204\" style=\"left:528px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3e_204\" style=\"left:589px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3f_204\" style=\"left:654px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3g_204\" style=\"left:711px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3h_204\" style=\"left:767px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:832px;bottom:654px;display:inline;\">2 </div>\n<div class=\"t s8_204\" id=\"t3j_204\" style=\"left:322px;bottom:635px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t3k_204\" style=\"left:398px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3l_204\" style=\"left:464px;bottom:635px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3m_204\" style=\"left:521px;bottom:635px;display:inline;\">30 </div><div class=\"t s8_204\" id=\"t3n_204\" style=\"left:589px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:647px;bottom:635px;letter-spacing:-0.38px;display:inline;\">69 </div><div class=\"t s8_204\" id=\"t3p_204\" style=\"left:763px;bottom:635px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3q_204\" style=\"left:766px;bottom:635px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t3r_204\" style=\"left:43px;bottom:617px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t sa_204\" id=\"t3s_204\" style=\"left:43px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t3t_204\" style=\"left:326px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:329px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3v_204\" style=\"left:395px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3w_204\" style=\"left:398px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3x_204\" style=\"left:460px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3y_204\" style=\"left:463px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3z_204\" style=\"left:525px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t40_204\" style=\"left:528px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t41_204\" style=\"left:586px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t42_204\" style=\"left:589px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t43_204\" style=\"left:651px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t44_204\" style=\"left:654px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t45_204\" style=\"left:707px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t46_204\" style=\"left:710px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t47_204\" style=\"left:763px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t48_204\" style=\"left:766px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t49_204\" style=\"left:828px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t4a_204\" style=\"left:831px;bottom:603px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t4b_204\" style=\"left:43px;bottom:585px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t4c_204\" style=\"left:329px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4d_204\" style=\"left:398px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4e_204\" style=\"left:463px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4f_204\" style=\"left:517px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4g_204\" style=\"left:589px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4h_204\" style=\"left:643px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:710px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4j_204\" style=\"left:755px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4k_204\" style=\"left:820px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div>\n<div class=\"t s8_204\" id=\"t4l_204\" style=\"left:43px;bottom:566px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t4m_204\" style=\"left:318px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4n_204\" style=\"left:398px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4o_204\" style=\"left:463px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4p_204\" style=\"left:528px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4q_204\" style=\"left:589px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4r_204\" style=\"left:643px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4s_204\" style=\"left:700px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4t_204\" style=\"left:766px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4u_204\" style=\"left:821px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s8_204\" id=\"t4v_204\" style=\"left:43px;bottom:548px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t4w_204\" style=\"left:329px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4x_204\" style=\"left:398px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4y_204\" style=\"left:460px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t4z_204\" style=\"left:528px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t50_204\" style=\"left:589px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t51_204\" style=\"left:650px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t52_204\" style=\"left:707px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t53_204\" style=\"left:766px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t54_204\" style=\"left:828px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s8_204\" id=\"t55_204\" style=\"left:318px;bottom:529px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t56_204\" style=\"left:398px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t57_204\" style=\"left:460px;bottom:529px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t58_204\" style=\"left:517px;bottom:529px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t59_204\" style=\"left:589px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t5a_204\" style=\"left:636px;bottom:529px;letter-spacing:-0.35px;display:inline;\">(103) </div><div class=\"t s8_204\" id=\"t5b_204\" style=\"left:707px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5c_204\" style=\"left:710px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5d_204\" style=\"left:763px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5e_204\" style=\"left:766px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5f_204\" style=\"left:828px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5g_204\" style=\"left:831px;bottom:529px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t5h_204\" style=\"left:43px;bottom:511px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t sa_204\" id=\"t5i_204\" style=\"left:43px;bottom:497px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t5j_204\" style=\"left:326px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5k_204\" style=\"left:329px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5l_204\" style=\"left:395px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5m_204\" style=\"left:398px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5n_204\" style=\"left:460px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5o_204\" style=\"left:463px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5p_204\" style=\"left:525px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5q_204\" style=\"left:528px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5r_204\" style=\"left:585px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5s_204\" style=\"left:588px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5t_204\" style=\"left:650px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5u_204\" style=\"left:653px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5v_204\" style=\"left:707px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5w_204\" style=\"left:710px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5x_204\" style=\"left:763px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5y_204\" style=\"left:766px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5z_204\" style=\"left:828px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t60_204\" style=\"left:831px;bottom:497px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t61_204\" style=\"left:43px;bottom:479px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s8_204\" id=\"t62_204\" style=\"left:303px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t63_204\" style=\"left:398px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t64_204\" style=\"left:463px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t65_204\" style=\"left:528px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t66_204\" style=\"left:589px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t67_204\" style=\"left:628px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t68_204\" style=\"left:707px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t69_204\" style=\"left:710px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6a_204\" style=\"left:763px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6b_204\" style=\"left:766px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6c_204\" style=\"left:828px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6d_204\" style=\"left:831px;bottom:479px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6e_204\" style=\"left:43px;bottom:460px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s8_204\" id=\"t6f_204\" style=\"left:329px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6g_204\" style=\"left:372px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6h_204\" style=\"left:463px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6i_204\" style=\"left:528px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6j_204\" style=\"left:589px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:628px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6l_204\" style=\"left:707px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6m_204\" style=\"left:710px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6n_204\" style=\"left:763px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6o_204\" style=\"left:766px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6p_204\" style=\"left:828px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:831px;bottom:460px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6r_204\" style=\"left:303px;bottom:442px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t6s_204\" style=\"left:372px;bottom:442px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6t_204\" style=\"left:463px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6u_204\" style=\"left:528px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6v_204\" style=\"left:589px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6w_204\" style=\"left:628px;bottom:442px;letter-spacing:-0.08px;display:inline;\">2,336 </div><div class=\"t s8_204\" id=\"t6x_204\" style=\"left:707px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6y_204\" style=\"left:710px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6z_204\" style=\"left:763px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t70_204\" style=\"left:766px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t71_204\" style=\"left:828px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t72_204\" style=\"left:831px;bottom:442px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t73_204\" style=\"left:43px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t sa_204\" id=\"t74_204\" style=\"left:43px;bottom:410px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t75_204\" style=\"left:325px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t76_204\" style=\"left:328px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t77_204\" style=\"left:395px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t78_204\" style=\"left:398px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t79_204\" style=\"left:460px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7a_204\" style=\"left:463px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7b_204\" style=\"left:525px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7c_204\" style=\"left:528px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7d_204\" style=\"left:585px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7e_204\" style=\"left:588px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7f_204\" style=\"left:650px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7g_204\" style=\"left:653px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7h_204\" style=\"left:707px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7i_204\" style=\"left:709px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7j_204\" style=\"left:763px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7k_204\" style=\"left:766px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7l_204\" style=\"left:828px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7m_204\" style=\"left:831px;bottom:410px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t7n_204\" style=\"left:43px;bottom:391px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t7o_204\" style=\"left:329px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7p_204\" style=\"left:398px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7q_204\" style=\"left:463px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7r_204\" style=\"left:528px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7s_204\" style=\"left:584px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7t_204\" style=\"left:649px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7u_204\" style=\"left:706px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7v_204\" style=\"left:709px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7w_204\" style=\"left:763px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7x_204\" style=\"left:766px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7y_204\" style=\"left:828px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7z_204\" style=\"left:831px;bottom:391px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t80_204\" style=\"left:43px;bottom:373px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s8_204\" id=\"t81_204\" style=\"left:329px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t82_204\" style=\"left:398px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t83_204\" style=\"left:463px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t84_204\" style=\"left:528px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t85_204\" style=\"left:585px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t86_204\" style=\"left:650px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t87_204\" style=\"left:706px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t88_204\" style=\"left:709px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t89_204\" style=\"left:763px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8a_204\" style=\"left:766px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8b_204\" style=\"left:828px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8c_204\" style=\"left:831px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8d_204\" style=\"left:43px;bottom:354px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s8_204\" id=\"t8e_204\" style=\"left:329px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8f_204\" style=\"left:398px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8g_204\" style=\"left:463px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8h_204\" style=\"left:528px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8i_204\" style=\"left:570px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8j_204\" style=\"left:635px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8k_204\" style=\"left:706px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8l_204\" style=\"left:709px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8m_204\" style=\"left:763px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8n_204\" style=\"left:766px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8o_204\" style=\"left:828px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8p_204\" style=\"left:831px;bottom:354px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8q_204\" style=\"left:43px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s8_204\" id=\"t8r_204\" style=\"left:329px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8s_204\" style=\"left:398px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8t_204\" style=\"left:463px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8u_204\" style=\"left:528px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8v_204\" style=\"left:570px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8w_204\" style=\"left:635px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8x_204\" style=\"left:706px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8y_204\" style=\"left:709px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8z_204\" style=\"left:763px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t90_204\" style=\"left:766px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t91_204\" style=\"left:828px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t92_204\" style=\"left:831px;bottom:336px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t93_204\" style=\"left:43px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s8_204\" id=\"t94_204\" style=\"left:43px;bottom:304px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s8_204\" id=\"t95_204\" style=\"left:329px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t96_204\" style=\"left:398px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t97_204\" style=\"left:463px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t98_204\" style=\"left:528px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t99_204\" style=\"left:559px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s8_204\" id=\"t9a_204\" style=\"left:624px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div>\n<div class=\"t s8_204\" id=\"t9b_204\" style=\"left:43px;bottom:285px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s8_204\" id=\"t9c_204\" style=\"left:329px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9d_204\" style=\"left:398px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9e_204\" style=\"left:463px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9f_204\" style=\"left:528px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9g_204\" style=\"left:559px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9h_204\" style=\"left:624px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9i_204\" style=\"left:706px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9j_204\" style=\"left:709px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9k_204\" style=\"left:763px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9l_204\" style=\"left:766px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9m_204\" style=\"left:828px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9n_204\" style=\"left:831px;bottom:285px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t9o_204\" style=\"left:329px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9p_204\" style=\"left:398px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9q_204\" style=\"left:463px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9r_204\" style=\"left:528px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9s_204\" style=\"left:560px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9t_204\" style=\"left:625px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9u_204\" style=\"left:706px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9v_204\" style=\"left:709px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9w_204\" style=\"left:763px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9x_204\" style=\"left:766px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9y_204\" style=\"left:828px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9z_204\" style=\"left:830px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"ta0_204\" style=\"left:43px;bottom:238px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The fair value of contingent acquisition consideration is estimated using a discounted cash \ufb02ow model. The valuation model considers </div>\n<div class=\"t s8_204\" id=\"ta1_204\" style=\"left:43px;bottom:223px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">the present value of risk adjusted expected payments, discounted using a risk-free discount rate. The expected payment is determined </div>\n<div class=\"t s8_204\" id=\"ta2_204\" style=\"left:43px;bottom:208px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by considering the possible scenarios, which relate to the achievement of established milestones and targets, the amount to be paid </div>\n<div class=\"t s8_204\" id=\"ta3_204\" style=\"left:43px;bottom:192px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under each scenario and the probability of each scenario. As a result, contingent acquisition consideration is classi\ufb01ed as Level 3 within </div>\n<div class=\"t s8_204\" id=\"ta4_204\" style=\"left:43px;bottom:177px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">the fair value hierarchy. </div>\n<div class=\"t sb_204\" id=\"ta5_204\" style=\"left:43px;bottom:11px;letter-spacing:-1.1px;display:inline;\">202 </div><div class=\"t sc_204\" id=\"ta6_204\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_204\" id=\"ta7_204\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_205\" id=\"t1_205\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The fair value of investments is based upon third-party pricing models for share issues. As a result, investments are considered Level 3 </div>\n<div class=\"t s1_205\" id=\"t2_205\" style=\"left:65px;bottom:943px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">in\u00a0the fair value hierarchy. </div>\n<div class=\"t s1_205\" id=\"t3_205\" style=\"left:65px;bottom:919px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The movements in 2022 and 2021 for \ufb01nancial instruments measured using Level 3 valuation methods are presented below: </div>\n<div class=\"t s2_205\" id=\"t4_205\" style=\"left:748px;bottom:896px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_205\" id=\"t5_205\" style=\"left:835px;bottom:896px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_205\" id=\"t6_205\" style=\"left:693px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t7_205\" style=\"left:695px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t8_205\" style=\"left:698px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t9_205\" style=\"left:700px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"ta_205\" style=\"left:733px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_205\" id=\"tb_205\" style=\"left:780px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tc_205\" style=\"left:782px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"td_205\" style=\"left:784px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"te_205\" style=\"left:787px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tf_205\" style=\"left:820px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_205\" id=\"tg_205\" style=\"left:69px;bottom:865px;letter-spacing:0.16px;display:inline;\">Investments </div>\n<div class=\"t s1_205\" id=\"th_205\" style=\"left:65px;bottom:846px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"ti_205\" style=\"left:758px;bottom:846px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_205\" id=\"tj_205\" style=\"left:854px;bottom:846px;display:inline;\">9 </div>\n<div class=\"t s1_205\" id=\"tk_205\" style=\"left:65px;bottom:828px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s4_205\" id=\"tl_205\" style=\"left:766px;bottom:828px;display:inline;\">2 </div><div class=\"t s1_205\" id=\"tm_205\" style=\"left:854px;bottom:828px;display:inline;\">2 </div>\n<div class=\"t s1_205\" id=\"tn_205\" style=\"left:65px;bottom:809px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s4_205\" id=\"to_205\" style=\"left:767px;bottom:809px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tp_205\" style=\"left:851px;bottom:809px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_205\" id=\"tq_205\" style=\"left:65px;bottom:791px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"tr_205\" style=\"left:758px;bottom:791px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s1_205\" id=\"ts_205\" style=\"left:846px;bottom:791px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_205\" id=\"tt_205\" style=\"left:69px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Contingent consideration receivable </div>\n<div class=\"t s1_205\" id=\"tu_205\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"tv_205\" style=\"left:758px;bottom:736px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"tw_205\" style=\"left:846px;bottom:736px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s1_205\" id=\"tx_205\" style=\"left:65px;bottom:717px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"ty_205\" style=\"left:767px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tz_205\" style=\"left:854px;bottom:717px;display:inline;\">1 </div>\n<div class=\"t s1_205\" id=\"t10_205\" style=\"left:65px;bottom:699px;letter-spacing:0.17px;display:inline;\">Receipts </div><div class=\"t s4_205\" id=\"t11_205\" style=\"left:762px;bottom:699px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s1_205\" id=\"t12_205\" style=\"left:843px;bottom:699px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s1_205\" id=\"t13_205\" style=\"left:65px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t14_205\" style=\"left:758px;bottom:680px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s1_205\" id=\"t15_205\" style=\"left:846px;bottom:680px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s3_205\" id=\"t16_205\" style=\"left:69px;bottom:643px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Acquisition consideration liability </div>\n<div class=\"t s1_205\" id=\"t17_205\" style=\"left:65px;bottom:625px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"t18_205\" style=\"left:753px;bottom:625px;letter-spacing:-0.14px;display:inline;\">(84) </div><div class=\"t s1_205\" id=\"t19_205\" style=\"left:835px;bottom:625px;letter-spacing:-0.29px;display:inline;\">(128) </div>\n<div class=\"t s1_205\" id=\"t1a_205\" style=\"left:65px;bottom:607px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Arising on acquisitions </div><div class=\"t s4_205\" id=\"t1b_205\" style=\"left:754px;bottom:607px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s1_205\" id=\"t1c_205\" style=\"left:853px;bottom:607px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1d_205\" style=\"left:65px;bottom:588px;letter-spacing:0.19px;display:inline;\">Payments </div><div class=\"t s4_205\" id=\"t1e_205\" style=\"left:758px;bottom:588px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"t1f_205\" style=\"left:846px;bottom:588px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s1_205\" id=\"t1g_205\" style=\"left:65px;bottom:570px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"t1h_205\" style=\"left:758px;bottom:570px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t s1_205\" id=\"t1i_205\" style=\"left:846px;bottom:570px;letter-spacing:-0.59px;display:inline;\">21 </div>\n<div class=\"t s1_205\" id=\"t1j_205\" style=\"left:65px;bottom:551px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Discount unwind </div><div class=\"t s4_205\" id=\"t1k_205\" style=\"left:762px;bottom:551px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s1_205\" id=\"t1l_205\" style=\"left:853px;bottom:551px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1m_205\" style=\"left:65px;bottom:533px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t1n_205\" style=\"left:753px;bottom:533px;letter-spacing:-0.16px;display:inline;\">(78) </div>(84)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24893": {
   "value": "Accounting policy <div class=\"t s4_199\" id=\"t4_199\" style=\"left:74px;bottom:911px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Derivative \ufb01nancial instruments </div>\n<div class=\"t s5_199\" id=\"t5_199\" style=\"left:74px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Derivative \ufb01nancial instruments are initially recognised at fair value on the date a derivative contract is entered into and are </div>\n<div class=\"t s5_199\" id=\"t6_199\" style=\"left:74px;bottom:878px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">subsequently remeasured at their fair value at subsequent balance sheet dates. Changes in the fair value of derivative \ufb01nancial </div>\n<div class=\"t s5_199\" id=\"t7_199\" style=\"left:74px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">instruments that are designated and e\ufb00ective as cash \ufb02ow hedges of forecast third-party transactions are recognised in other </div>\n<div class=\"t s5_199\" id=\"t8_199\" style=\"left:74px;bottom:848px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">comprehensive income until the associated asset or liability is recognised. Amounts taken to other comprehensive income are </div>\n<div class=\"t s5_199\" id=\"t9_199\" style=\"left:74px;bottom:832px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">transferred to the income statement in the period in which the hedged transaction a\ufb00ects pro\ufb01t and loss. Where the hedged item </div>\n<div class=\"t s5_199\" id=\"ta_199\" style=\"left:74px;bottom:817px;letter-spacing:0.06px;word-spacing:-0.11px;display:inline;\">is\u00a0the cost of a non-\ufb01nancial asset, the amounts taken to other comprehensive income are transferred to the initial carrying value </div>\n<div class=\"t s5_199\" id=\"tb_199\" style=\"left:74px;bottom:802px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">of\u00a0the asset. </div>\n<div class=\"t s5_199\" id=\"tc_199\" style=\"left:74px;bottom:778px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">On adoption of IFRS 9 on 1 January 2018, the Group elected to continue to apply the hedge accounting guidance in IAS 39 </div><div class=\"t s6_199\" id=\"td_199\" style=\"left:790px;bottom:778px;letter-spacing:0.09px;display:inline;\">Financial </div>\n<div class=\"t s6_199\" id=\"te_199\" style=\"left:74px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Instruments: Recognition and Measurement</div><div class=\"t s5_199\" id=\"tf_199\" style=\"left:320px;bottom:762px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">. Changes in the fair values of hedging instruments that are designated and e\ufb00ective as </div>\n<div class=\"t s5_199\" id=\"tg_199\" style=\"left:74px;bottom:747px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">net investment hedges are matched in other comprehensive income against changes in value of the related net assets. Interest rate </div>\n<div class=\"t s5_199\" id=\"th_199\" style=\"left:74px;bottom:732px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to \ufb01x interest rates on \ufb02oating rate borrowings are accounted for as cash \ufb02ow hedges and changes in the </div>\n<div class=\"t s5_199\" id=\"ti_199\" style=\"left:74px;bottom:717px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">fair values resulting from changes in market interest rates are recognised in other comprehensive income. Amounts taken to other </div>\n<div class=\"t s5_199\" id=\"tj_199\" style=\"left:74px;bottom:701px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">comprehensive income are transferred to the income statement when the hedged transaction a\ufb00ects pro\ufb01t and loss. Interest rate </div>\n<div class=\"t s5_199\" id=\"tk_199\" style=\"left:74px;bottom:686px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">derivatives transacted to convert \ufb01xed rate borrowings into \ufb02oating rate borrowings are accounted for as fair value hedges and </div>\n<div class=\"t s5_199\" id=\"tl_199\" style=\"left:74px;bottom:671px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">changes in the fair values resulting from changes in market interest rates are recognised in the income statement. Any ine\ufb00ectiveness </div>\n<div class=\"t s5_199\" id=\"tm_199\" style=\"left:74px;bottom:656px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">on hedging instruments and changes in the fair value of derivative \ufb01nancial instruments that do not qualify for hedge accounting </div>\n<div class=\"t s5_199\" id=\"tn_199\" style=\"left:74px;bottom:640px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">are\u00a0recognised in the income statement within other\u00a0\ufb01nance costs as they arise. </div>\n<div class=\"t s5_199\" id=\"to_199\" style=\"left:74px;bottom:616px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for </div>\n<div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>\ncumulative gain or loss recognised in other comprehensive income is transferred to the income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24916": {
   "value": "Hedge accounting is discontinued when the hedging instrument expires or is sold, terminated or exercised, or no longer quali\ufb01es for <div class=\"t s5_199\" id=\"tp_199\" style=\"left:74px;bottom:601px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge accounting. At that point in time, any cumulative gain or loss on the hedging instrument recognised in other comprehensive </div>\n<div class=\"t s5_199\" id=\"tq_199\" style=\"left:74px;bottom:586px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">income is retained there until the forecast transaction occurs. If a hedged transaction is no longer expected to occur, the net </div>cumulative gain or loss recognised in other comprehensive income is transferred to the income statement.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24995": {
   "value": "16.3 <div class=\"t sa_200\" id=\"t10_200\" style=\"left:74px;bottom:486px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Credit risk management </div>\n<div class=\"t s8_200\" id=\"t11_200\" style=\"left:43px;bottom:469px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group limits exposure to credit risk on counterparties used for \ufb01nancial instruments through a system of internal credit limits. </div>\n<div class=\"t s8_200\" id=\"t12_200\" style=\"left:43px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The \ufb01nancial exposure of a counterparty is determined as the total of cash and deposits, plus the risk on derivative instruments, </div>\n<div class=\"t s8_200\" id=\"t13_200\" style=\"left:43px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">assessed as the fair value of the instrument plus a risk element based on the nominal value and the historic volatility of the market </div>\n<div class=\"t s8_200\" id=\"t14_200\" style=\"left:43px;bottom:423px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value of the instrument. The Group does not anticipate non-performance of counterparties and believes it is not subject to material </div>\n<div class=\"t s8_200\" id=\"t15_200\" style=\"left:43px;bottom:408px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">concentration of credit risk as the Group operates within a policy of counterparty limits designed to reduce exposure to any </div>\n<div class=\"t s8_200\" id=\"t16_200\" style=\"left:43px;bottom:393px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">single counterparty. </div>\n<div class=\"t s8_200\" id=\"t17_200\" style=\"left:43px;bottom:369px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">The maximum credit risk exposure on derivatives at 31 December 2022 was $47m (2021: $39m), being the total debit fair values </div>\n<div class=\"t s8_200\" id=\"t18_200\" style=\"left:43px;bottom:353px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">on\u00a0forward foreign exchange contracts and currency swaps. The maximum credit risk exposure on cash at bank at 31 December 2022 </div>\n<div class=\"t s8_200\" id=\"t19_200\" style=\"left:43px;bottom:338px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">was\u00a0$350m (2021: $1,290m). The\u00a0Group\u2019s exposure to credit risk on cash is mitigated as the amounts are held in a wide number </div>\n<div class=\"t s8_200\" id=\"t1a_200\" style=\"left:43px;bottom:323px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">of\u00a0high\u00a0credit quality \ufb01nancial institutions. Credit risk on trade receivables is detailed in Note 13. </div>\n<div class=\"t sb_200\" id=\"t1b_200\" style=\"left:43px;bottom:11px;letter-spacing:-0.77px;display:inline;\">198 </div><div class=\"t sc_200\" id=\"t1c_200\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_200\" id=\"t1d_200\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_201\" id=\"t1_201\" style=\"left:65px;bottom:958px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The amounts relating to items designated as hedging instruments were as follows: </div>\n<div class=\"t s2_201\" id=\"t2_201\" style=\"left:334px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t3_201\" style=\"left:403px;bottom:936px;letter-spacing:-0.03px;display:inline;\">Carrying </div><div class=\"t s2_201\" id=\"t4_201\" style=\"left:466px;bottom:936px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Changes in </div><div class=\"t s2_201\" id=\"t5_201\" style=\"left:583px;bottom:936px;letter-spacing:-0.11px;display:inline;\">Hedge </div><div class=\"t s2_201\" id=\"t6_201\" style=\"left:632px;bottom:936px;letter-spacing:-0.07px;word-spacing:-0.19px;display:inline;\">Amounts reclassi\ufb01ed </div>\n<div class=\"t s2_201\" id=\"t7_201\" style=\"left:271px;bottom:924px;letter-spacing:-0.09px;display:inline;\">Nominal </div><div class=\"t s2_201\" id=\"t8_201\" style=\"left:339px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"t9_201\" style=\"left:408px;bottom:924px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"ta_201\" style=\"left:474px;bottom:924px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">fair value </div><div class=\"t s2_201\" id=\"tb_201\" style=\"left:539px;bottom:924px;letter-spacing:-0.08px;display:inline;\">ine\ufb00ectiveness </div><div class=\"t s2_201\" id=\"tc_201\" style=\"left:632px;bottom:924px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">from hedging reserve </div>\n<div class=\"t s2_201\" id=\"td_201\" style=\"left:274px;bottom:911px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_201\" id=\"te_201\" style=\"left:345px;bottom:911px;letter-spacing:-0.05px;display:inline;\">assets </div><div class=\"t s2_201\" id=\"tf_201\" style=\"left:401px;bottom:911px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_201\" id=\"tg_201\" style=\"left:490px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.14px;display:inline;\">in OCI </div><div class=\"t s2_201\" id=\"th_201\" style=\"left:542px;bottom:911px;letter-spacing:-0.11px;word-spacing:-0.13px;display:inline;\">in pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"ti_201\" style=\"left:662px;bottom:911px;letter-spacing:-0.12px;word-spacing:-0.12px;display:inline;\">to pro\ufb01t or loss </div><div class=\"t s2_201\" id=\"tj_201\" style=\"left:806px;bottom:911px;letter-spacing:-0.13px;word-spacing:-0.11px;display:inline;\">Line item in </div>\n<div class=\"t s2_201\" id=\"tk_201\" style=\"left:251px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tl_201\" style=\"left:253px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tm_201\" style=\"left:256px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tn_201\" style=\"left:270px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"to_201\" style=\"left:316px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tp_201\" style=\"left:318px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tq_201\" style=\"left:321px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tr_201\" style=\"left:335px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"ts_201\" style=\"left:381px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tt_201\" style=\"left:383px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tu_201\" style=\"left:386px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tv_201\" style=\"left:404px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"tw_201\" style=\"left:450px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tx_201\" style=\"left:453px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"ty_201\" style=\"left:455px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"tz_201\" style=\"left:478px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_201\" id=\"t10_201\" style=\"left:524px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t11_201\" style=\"left:526px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t12_201\" style=\"left:529px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t13_201\" style=\"left:573px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t14_201\" style=\"left:619px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t15_201\" style=\"left:622px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t16_201\" style=\"left:624px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t17_201\" style=\"left:694px;bottom:899px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_201\" id=\"t18_201\" style=\"left:741px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t19_201\" style=\"left:743px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1a_201\" style=\"left:745px;bottom:899px;display:inline;\">\u00a0</div><div class=\"t s2_201\" id=\"t1b_201\" style=\"left:800px;bottom:899px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">pro\ufb01t or loss </div>\n<div class=\"t s3_201\" id=\"t1c_201\" style=\"left:69px;bottom:880px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t s1_201\" id=\"t1d_201\" style=\"left:300px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1e_201\" style=\"left:303px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1f_201\" style=\"left:365px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1g_201\" style=\"left:368px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1h_201\" style=\"left:434px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1i_201\" style=\"left:437px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1j_201\" style=\"left:508px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1k_201\" style=\"left:511px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1l_201\" style=\"left:603px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1m_201\" style=\"left:606px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1n_201\" style=\"left:724px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1o_201\" style=\"left:727px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1p_201\" style=\"left:850px;bottom:880px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t1q_201\" style=\"left:853px;bottom:880px;display:inline;\">\u00a0</div>\n<div class=\"t s3_201\" id=\"t1r_201\" style=\"left:65px;bottom:861px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Foreign currency risk </div>\n<div class=\"t s1_201\" id=\"t1s_201\" style=\"left:65px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t1t_201\" style=\"left:234px;bottom:850px;display:inline;\">1 </div>\n<div class=\"t s5_201\" id=\"t1u_201\" style=\"left:275px;bottom:843px;display:inline;\">2,598 </div><div class=\"t s5_201\" id=\"t1v_201\" style=\"left:360px;bottom:843px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t s5_201\" id=\"t1w_201\" style=\"left:425px;bottom:843px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t s5_201\" id=\"t1x_201\" style=\"left:498px;bottom:843px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t1y_201\" style=\"left:607px;bottom:843px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t1z_201\" style=\"left:714px;bottom:843px;letter-spacing:-0.13px;display:inline;\">(37) </div><div class=\"t s5_201\" id=\"t20_201\" style=\"left:755px;bottom:843px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t21_201\" style=\"left:65px;bottom:824px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t22_201\" style=\"left:65px;bottom:806px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t23_201\" style=\"left:178px;bottom:813px;display:inline;\">2 </div>\n<div class=\"t s5_201\" id=\"t24_201\" style=\"left:281px;bottom:806px;letter-spacing:-0.03px;display:inline;\">(500) </div><div class=\"t s5_201\" id=\"t25_201\" style=\"left:369px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t26_201\" style=\"left:424px;bottom:806px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s5_201\" id=\"t27_201\" style=\"left:512px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t28_201\" style=\"left:607px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t29_201\" style=\"left:728px;bottom:806px;display:inline;\">\u2013 </div><div class=\"t s5_201\" id=\"t2a_201\" style=\"left:763px;bottom:806px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Fair value hedge </div>\n<div class=\"t s3_201\" id=\"t2b_201\" style=\"left:65px;bottom:787px;word-spacing:0.06px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s1_201\" id=\"t2c_201\" style=\"left:850px;bottom:787px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2d_201\" style=\"left:853px;bottom:787px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2e_201\" style=\"left:65px;bottom:769px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Foreign currency risk </div><div class=\"t s1_201\" id=\"t2f_201\" style=\"left:300px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2g_201\" style=\"left:303px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2h_201\" style=\"left:365px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2i_201\" style=\"left:368px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2j_201\" style=\"left:434px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2k_201\" style=\"left:437px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2l_201\" style=\"left:508px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2m_201\" style=\"left:511px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2n_201\" style=\"left:603px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2o_201\" style=\"left:606px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2p_201\" style=\"left:724px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2q_201\" style=\"left:727px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2r_201\" style=\"left:850px;bottom:769px;display:inline;\">\u00a0</div><div class=\"t s1_201\" id=\"t2s_201\" style=\"left:853px;bottom:769px;display:inline;\">\u00a0</div>\n<div class=\"t s1_201\" id=\"t2t_201\" style=\"left:65px;bottom:751px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Forward exchange contracts </div>\n<div class=\"t s4_201\" id=\"t2u_201\" style=\"left:234px;bottom:758px;display:inline;\">1 </div>\n<div class=\"t s1_201\" id=\"t2v_201\" style=\"left:278px;bottom:751px;letter-spacing:-0.22px;display:inline;\">2,322 </div><div class=\"t s1_201\" id=\"t2w_201\" style=\"left:361px;bottom:751px;letter-spacing:-0.23px;display:inline;\">39 </div><div class=\"t s1_201\" id=\"t2x_201\" style=\"left:427px;bottom:751px;letter-spacing:-0.31px;display:inline;\">(19) </div><div class=\"t s1_201\" id=\"t2y_201\" style=\"left:505px;bottom:751px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t s1_201\" id=\"t2z_201\" style=\"left:606px;bottom:751px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t30_201\" style=\"left:728px;bottom:751px;display:inline;\">7 </div><div class=\"t s1_201\" id=\"t31_201\" style=\"left:758px;bottom:751px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Cash \ufb02ow hedges </div>\n<div class=\"t s3_201\" id=\"t32_201\" style=\"left:65px;bottom:732px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div>\n<div class=\"t s1_201\" id=\"t33_201\" style=\"left:65px;bottom:714px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div>\n<div class=\"t s4_201\" id=\"t34_201\" style=\"left:178px;bottom:721px;display:inline;\">2 </div>\n<div class=\"t s1_201\" id=\"t35_201\" style=\"left:303px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t36_201\" style=\"left:368px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t37_201\" style=\"left:438px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t38_201\" style=\"left:511px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t39_201\" style=\"left:606px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3a_201\" style=\"left:728px;bottom:714px;display:inline;\">\u2013 </div><div class=\"t s1_201\" id=\"t3b_201\" style=\"left:838px;bottom:714px;letter-spacing:-0.39px;display:inline;\">N/A </div>\n<div class=\"t s6_201\" id=\"t3c_201\" style=\"left:65px;bottom:690px;display:inline;\">1 </div><div class=\"t s6_201\" id=\"t3d_201\" style=\"left:78px;bottom:690px;letter-spacing:0.13px;word-spacing:-0.14px;display:inline;\">Presented in Trade and other receivables and Trade and other payables on the Balance Sheet. </div>\n<div class=\"t s6_201\" id=\"t3e_201\" style=\"left:65px;bottom:678px;display:inline;\">2 </div>Presented in Non-current other payables on the Balance Sheet.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f25445": {
   "value": "16.6 <div class=\"t sd_202\" id=\"t2u_202\" style=\"left:74px;bottom:682px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Fair value of \ufb01nancial assets and liabilities </div>\n<div class=\"t se_202\" id=\"t2v_202\" style=\"left:53px;bottom:654px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\n<div class=\"t sg_202\" id=\"t35_202\" style=\"left:53px;bottom:479px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">the\u00a0change has occurred. </div>\n<div class=\"t s8_202\" id=\"t36_202\" style=\"left:43px;bottom:442px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">There has been no change in the classi\ufb01cation of \ufb01nancial assets and liabilities, the method and assumptions used in determining fair </div>\n<div class=\"t s8_202\" id=\"t37_202\" style=\"left:43px;bottom:426px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">value and the categorisation of \ufb01nancial assets and liabilities within the fair value hierarchy from those disclosed in the Annual Report </div>\n<div class=\"t s8_202\" id=\"t38_202\" style=\"left:43px;bottom:411px;letter-spacing:0.05px;word-spacing:-0.01px;display:inline;\">for\u00a0the year ended 31 December 2021. </div>\n<div class=\"t s8_202\" id=\"t39_202\" style=\"left:43px;bottom:387px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group enters into derivative \ufb01nancial instruments with \ufb01nancial institutions with investment grade credit ratings. The fair value </div>\n<div class=\"t s8_202\" id=\"t3a_202\" style=\"left:43px;bottom:372px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">of forward foreign exchange contracts is calculated by reference to quoted market forward exchange rates for contracts with similar </div>\n<div class=\"t s8_202\" id=\"t3b_202\" style=\"left:43px;bottom:357px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">maturity pro\ufb01les. The fair value of currency swaps is determined by reference to quoted market spot rates. As a result, foreign forward </div>\n<div class=\"t s8_202\" id=\"t3c_202\" style=\"left:43px;bottom:341px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">exchange contracts and currency swaps are classi\ufb01ed as Level 2 within the fair value hierarchy. The changes in counterparty credit </div>\n<div class=\"t s8_202\" id=\"t3d_202\" style=\"left:43px;bottom:326px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">risk had no material e\ufb00ect on the hedge e\ufb00ectiveness for derivatives designated in hedge relationships and other \ufb01nancial instruments </div>\n<div class=\"t s8_202\" id=\"t3e_202\" style=\"left:43px;bottom:311px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">recognised at fair value. The fair value of investments is based upon third-party pricing models for share issues. As a result, investments </div>\n<div class=\"t s8_202\" id=\"t3f_202\" style=\"left:43px;bottom:295px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">are considered Level 3 in the fair value hierarchy. There were no transfers between Levels 1, 2 and 3 during 2022 and 2021. For cash </div>\n<div class=\"t s8_202\" id=\"t3g_202\" style=\"left:43px;bottom:280px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and cash equivalents, short-term loans and receivables, overdra\ufb05s and other short-term liabilities which have a maturity of less than </div>\n<div class=\"t s8_202\" id=\"t3h_202\" style=\"left:43px;bottom:265px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">three\u00a0months, the book values approximate the fair values\u00a0because of\u00a0their short-term nature. </div>\n<div class=\"t s8_202\" id=\"t3i_202\" style=\"left:43px;bottom:241px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Long-term borrowings are measured in the balance sheet at amortised cost. The corporate bonds issued in October 2020 and October </div>\n<div class=\"t s8_202\" id=\"t3j_202\" style=\"left:43px;bottom:226px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">2022 are publicly listed and a market price is available. The Group\u2019s other long-term borrowings are not quoted publicly, their fair values </div>\n<div class=\"t s8_202\" id=\"t3k_202\" style=\"left:43px;bottom:210px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">are estimated by\u00a0discounting future contractual cash \ufb02ows to net present\u00a0values at the current market interest rates available to the </div>\n<div class=\"t s8_202\" id=\"t3l_202\" style=\"left:43px;bottom:195px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">Group for similar\u00a0\ufb01nancial instruments as at the year end. The fair\u00a0value of\u00a0the\u00a0private placement notes is determined using a discounted </div>\n<div class=\"t s8_202\" id=\"t3m_202\" style=\"left:43px;bottom:180px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">cash \ufb02ow model based on prevailing market rates. </div>\n<div class=\"t sh_202\" id=\"t3n_202\" style=\"left:43px;bottom:11px;letter-spacing:-0.46px;display:inline;\">200 </div><div class=\"t si_202\" id=\"t3o_202\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sj_202\" id=\"t3p_202\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_203\" id=\"t1_203\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The following table shows the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial liabilities, including their levels in the </div>\n<div class=\"t s1_203\" id=\"t2_203\" style=\"left:65px;bottom:943px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">fair\u00a0value hierarchy. It does not include fair value information for \ufb01nancial assets and \ufb01nancial liabilities not measured at fair value. </div>\n<div class=\"t s2_203\" id=\"t3_203\" style=\"left:646px;bottom:920px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s2_203\" id=\"t4_203\" style=\"left:650px;bottom:908px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s2_203\" id=\"t5_203\" style=\"left:814px;bottom:908px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair\u00a0value </div>\n<div class=\"t s2_203\" id=\"t6_203\" style=\"left:299px;bottom:879px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s2_203\" id=\"t7_203\" style=\"left:316px;bottom:867px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s2_203\" id=\"t8_203\" style=\"left:295px;bottom:855px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s2_203\" id=\"t9_203\" style=\"left:372px;bottom:867px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s2_203\" id=\"ta_203\" style=\"left:403px;bottom:855px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s2_203\" id=\"tb_203\" style=\"left:442px;bottom:879px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tc_203\" style=\"left:450px;bottom:867px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"td_203\" style=\"left:471px;bottom:855px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s2_203\" id=\"te_203\" style=\"left:507px;bottom:892px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s2_203\" id=\"tf_203\" style=\"left:515px;bottom:879px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s2_203\" id=\"tg_203\" style=\"left:526px;bottom:867px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s2_203\" id=\"th_203\" style=\"left:523px;bottom:855px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s2_203\" id=\"ti_203\" style=\"left:590px;bottom:879px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s2_203\" id=\"tj_203\" style=\"left:577px;bottom:867px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s2_203\" id=\"tk_203\" style=\"left:574px;bottom:855px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s2_203\" id=\"tl_203\" style=\"left:663px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s2_203\" id=\"tm_203\" style=\"left:709px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s2_203\" id=\"tn_203\" style=\"left:766px;bottom:855px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s2_203\" id=\"to_203\" style=\"left:836px;bottom:855px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s2_203\" id=\"tp_203\" style=\"left:69px;bottom:843px;letter-spacing:-0.25px;word-spacing:-0.02px;display:inline;\">At\u00a031\u00a0December\u00a02022 </div><div class=\"t s2_203\" id=\"tq_203\" style=\"left:281px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tr_203\" style=\"left:284px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"ts_203\" style=\"left:286px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tt_203\" style=\"left:313px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"tu_203\" style=\"left:359px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tv_203\" style=\"left:362px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tw_203\" style=\"left:364px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tx_203\" style=\"left:382px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"ty_203\" style=\"left:429px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"tz_203\" style=\"left:431px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t10_203\" style=\"left:433px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t11_203\" style=\"left:447px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t12_203\" style=\"left:494px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t13_203\" style=\"left:496px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t14_203\" style=\"left:498px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t15_203\" style=\"left:512px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t16_203\" style=\"left:559px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t17_203\" style=\"left:561px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t18_203\" style=\"left:563px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t19_203\" style=\"left:577px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1a_203\" style=\"left:624px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1b_203\" style=\"left:626px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1c_203\" style=\"left:628px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1d_203\" style=\"left:646px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s2_203\" id=\"t1e_203\" style=\"left:693px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1f_203\" style=\"left:695px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1g_203\" style=\"left:698px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1h_203\" style=\"left:752px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1i_203\" style=\"left:754px;bottom:843px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s2_203\" id=\"t1j_203\" style=\"left:808px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1k_203\" style=\"left:810px;bottom:843px;display:inline;\">\u00a0</div><div class=\"t s2_203\" id=\"t1l_203\" style=\"left:820px;bottom:843px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s3_203\" id=\"t1m_203\" style=\"left:65px;bottom:823px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t s3_203\" id=\"t1n_203\" style=\"left:65px;bottom:809px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t1o_203\" style=\"left:343px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1p_203\" style=\"left:346px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1q_203\" style=\"left:413px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1r_203\" style=\"left:416px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1s_203\" style=\"left:478px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1t_203\" style=\"left:481px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1u_203\" style=\"left:543px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1v_203\" style=\"left:546px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1w_203\" style=\"left:608px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1x_203\" style=\"left:611px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1y_203\" style=\"left:677px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t1z_203\" style=\"left:680px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t20_203\" style=\"left:733px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t21_203\" style=\"left:736px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t22_203\" style=\"left:789px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t23_203\" style=\"left:792px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t24_203\" style=\"left:850px;bottom:809px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t25_203\" style=\"left:853px;bottom:809px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t26_203\" style=\"left:65px;bottom:791px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t27_203\" style=\"left:338px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t28_203\" style=\"left:416px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t29_203\" style=\"left:481px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2a_203\" style=\"left:546px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2b_203\" style=\"left:611px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2c_203\" style=\"left:671px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2d_203\" style=\"left:728px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t2e_203\" style=\"left:793px;bottom:791px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2f_203\" style=\"left:845px;bottom:791px;letter-spacing:-0.07px;display:inline;\">46 </div>\n<div class=\"t s1_203\" id=\"t2g_203\" style=\"left:65px;bottom:773px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s4_203\" id=\"t2h_203\" style=\"left:347px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2i_203\" style=\"left:416px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2j_203\" style=\"left:481px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2k_203\" style=\"left:537px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2l_203\" style=\"left:611px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2m_203\" style=\"left:672px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2n_203\" style=\"left:737px;bottom:773px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2o_203\" style=\"left:784px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s4_203\" id=\"t2p_203\" style=\"left:845px;bottom:773px;letter-spacing:-0.46px;display:inline;\">12 </div>\n<div class=\"t s1_203\" id=\"t2q_203\" style=\"left:65px;bottom:754px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s4_203\" id=\"t2r_203\" style=\"left:347px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2s_203\" style=\"left:416px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2t_203\" style=\"left:481px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2u_203\" style=\"left:537px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2v_203\" style=\"left:611px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2w_203\" style=\"left:672px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2x_203\" style=\"left:737px;bottom:754px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t2y_203\" style=\"left:784px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s4_203\" id=\"t2z_203\" style=\"left:845px;bottom:754px;letter-spacing:-0.34px;display:inline;\">18 </div>\n<div class=\"t s1_203\" id=\"t30_203\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t31_203\" style=\"left:347px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t32_203\" style=\"left:416px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t33_203\" style=\"left:481px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t34_203\" style=\"left:546px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t35_203\" style=\"left:611px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t36_203\" style=\"left:680px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t37_203\" style=\"left:736px;bottom:736px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t38_203\" style=\"left:793px;bottom:736px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t39_203\" style=\"left:853px;bottom:736px;display:inline;\">1 </div>\n<div class=\"t s4_203\" id=\"t3a_203\" style=\"left:338px;bottom:717px;letter-spacing:-0.07px;display:inline;\">46 </div><div class=\"t s4_203\" id=\"t3b_203\" style=\"left:416px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3c_203\" style=\"left:481px;bottom:717px;display:inline;\">1 </div><div class=\"t s4_203\" id=\"t3d_203\" style=\"left:537px;bottom:717px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s4_203\" id=\"t3e_203\" style=\"left:611px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t3f_203\" style=\"left:671px;bottom:717px;letter-spacing:-0.23px;display:inline;\">77 </div><div class=\"t s4_203\" id=\"t3g_203\" style=\"left:789px;bottom:717px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3h_203\" style=\"left:792px;bottom:717px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t3i_203\" style=\"left:65px;bottom:699px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t s3_203\" id=\"t3j_203\" style=\"left:65px;bottom:685px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t3k_203\" style=\"left:343px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3l_203\" style=\"left:346px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3m_203\" style=\"left:413px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3n_203\" style=\"left:416px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3o_203\" style=\"left:478px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3p_203\" style=\"left:480px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3q_203\" style=\"left:543px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3r_203\" style=\"left:545px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3s_203\" style=\"left:607px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3t_203\" style=\"left:610px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3u_203\" style=\"left:677px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3v_203\" style=\"left:680px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3w_203\" style=\"left:733px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3x_203\" style=\"left:736px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3y_203\" style=\"left:789px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t3z_203\" style=\"left:792px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t40_203\" style=\"left:850px;bottom:685px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t41_203\" style=\"left:853px;bottom:685px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t42_203\" style=\"left:65px;bottom:667px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t43_203\" style=\"left:347px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t44_203\" style=\"left:416px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t45_203\" style=\"left:481px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t46_203\" style=\"left:532px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t47_203\" style=\"left:611px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t48_203\" style=\"left:666px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t49_203\" style=\"left:737px;bottom:667px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4a_203\" style=\"left:779px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t4b_203\" style=\"left:840px;bottom:667px;letter-spacing:-0.16px;display:inline;\">(78) </div>\n<div class=\"t s1_203\" id=\"t4c_203\" style=\"left:65px;bottom:648px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s4_203\" id=\"t4d_203\" style=\"left:334px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4e_203\" style=\"left:416px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4f_203\" style=\"left:481px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4g_203\" style=\"left:546px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4h_203\" style=\"left:611px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4i_203\" style=\"left:667px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4j_203\" style=\"left:724px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div><div class=\"t s4_203\" id=\"t4k_203\" style=\"left:793px;bottom:648px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4l_203\" style=\"left:840px;bottom:648px;letter-spacing:-0.47px;display:inline;\">(42) </div>\n<div class=\"t s1_203\" id=\"t4m_203\" style=\"left:65px;bottom:630px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Interest rate swaps </div><div class=\"t s4_203\" id=\"t4n_203\" style=\"left:333px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4o_203\" style=\"left:416px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4p_203\" style=\"left:481px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4q_203\" style=\"left:546px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4r_203\" style=\"left:611px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4s_203\" style=\"left:667px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4t_203\" style=\"left:723px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div><div class=\"t s4_203\" id=\"t4u_203\" style=\"left:793px;bottom:630px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4v_203\" style=\"left:840px;bottom:630px;letter-spacing:-0.26px;display:inline;\">(13) </div>\n<div class=\"t s1_203\" id=\"t4w_203\" style=\"left:65px;bottom:611px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s4_203\" id=\"t4x_203\" style=\"left:347px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4y_203\" style=\"left:416px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t4z_203\" style=\"left:476px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t50_203\" style=\"left:546px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t51_203\" style=\"left:611px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t52_203\" style=\"left:675px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t53_203\" style=\"left:732px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t54_203\" style=\"left:793px;bottom:611px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t55_203\" style=\"left:848px;bottom:611px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t s4_203\" id=\"t56_203\" style=\"left:333px;bottom:593px;letter-spacing:-0.25px;display:inline;\">(55) </div><div class=\"t s4_203\" id=\"t57_203\" style=\"left:416px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t58_203\" style=\"left:476px;bottom:593px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s4_203\" id=\"t59_203\" style=\"left:532px;bottom:593px;letter-spacing:-0.16px;display:inline;\">(78) </div><div class=\"t s4_203\" id=\"t5a_203\" style=\"left:611px;bottom:593px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t5b_203\" style=\"left:658px;bottom:593px;letter-spacing:-0.2px;display:inline;\">(134) </div><div class=\"t s4_203\" id=\"t5c_203\" style=\"left:733px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5d_203\" style=\"left:736px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5e_203\" style=\"left:789px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5f_203\" style=\"left:792px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5g_203\" style=\"left:850px;bottom:593px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5h_203\" style=\"left:853px;bottom:593px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t5i_203\" style=\"left:65px;bottom:575px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t s3_203\" id=\"t5j_203\" style=\"left:65px;bottom:561px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t5k_203\" style=\"left:343px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5l_203\" style=\"left:346px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5m_203\" style=\"left:412px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5n_203\" style=\"left:415px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5o_203\" style=\"left:477px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5p_203\" style=\"left:480px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5q_203\" style=\"left:542px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5r_203\" style=\"left:545px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5s_203\" style=\"left:607px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5t_203\" style=\"left:610px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5u_203\" style=\"left:677px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5v_203\" style=\"left:680px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5w_203\" style=\"left:733px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5x_203\" style=\"left:736px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5y_203\" style=\"left:789px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t5z_203\" style=\"left:792px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t60_203\" style=\"left:850px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t61_203\" style=\"left:853px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t62_203\" style=\"left:65px;bottom:542px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s4_203\" id=\"t63_203\" style=\"left:318px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t64_203\" style=\"left:416px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t65_203\" style=\"left:481px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t66_203\" style=\"left:546px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t67_203\" style=\"left:611px;bottom:542px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t68_203\" style=\"left:651px;bottom:542px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t69_203\" style=\"left:733px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6a_203\" style=\"left:736px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6b_203\" style=\"left:789px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6c_203\" style=\"left:792px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6d_203\" style=\"left:850px;bottom:542px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6e_203\" style=\"left:853px;bottom:542px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t6f_203\" style=\"left:65px;bottom:524px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s4_203\" id=\"t6g_203\" style=\"left:347px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6h_203\" style=\"left:399px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6i_203\" style=\"left:481px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6j_203\" style=\"left:546px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6k_203\" style=\"left:611px;bottom:524px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6l_203\" style=\"left:663px;bottom:524px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6m_203\" style=\"left:733px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6n_203\" style=\"left:736px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6o_203\" style=\"left:789px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6p_203\" style=\"left:792px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6q_203\" style=\"left:850px;bottom:524px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6r_203\" style=\"left:853px;bottom:524px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t6s_203\" style=\"left:318px;bottom:505px;letter-spacing:-0.12px;display:inline;\">1,123 </div><div class=\"t s4_203\" id=\"t6t_203\" style=\"left:399px;bottom:505px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s4_203\" id=\"t6u_203\" style=\"left:481px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6v_203\" style=\"left:546px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6w_203\" style=\"left:611px;bottom:505px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t6x_203\" style=\"left:651px;bottom:505px;letter-spacing:-0.15px;display:inline;\">1,473 </div><div class=\"t s4_203\" id=\"t6y_203\" style=\"left:733px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t6z_203\" style=\"left:736px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t70_203\" style=\"left:789px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t71_203\" style=\"left:792px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t72_203\" style=\"left:850px;bottom:505px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t73_203\" style=\"left:853px;bottom:505px;display:inline;\">\u00a0</div>\n<div class=\"t s3_203\" id=\"t74_203\" style=\"left:65px;bottom:487px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t s3_203\" id=\"t75_203\" style=\"left:65px;bottom:473px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s4_203\" id=\"t76_203\" style=\"left:343px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t77_203\" style=\"left:346px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t78_203\" style=\"left:412px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t79_203\" style=\"left:415px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7a_203\" style=\"left:477px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7b_203\" style=\"left:480px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7c_203\" style=\"left:542px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7d_203\" style=\"left:545px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7e_203\" style=\"left:607px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7f_203\" style=\"left:610px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7g_203\" style=\"left:676px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7h_203\" style=\"left:679px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7i_203\" style=\"left:733px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7j_203\" style=\"left:736px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7k_203\" style=\"left:789px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7l_203\" style=\"left:792px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7m_203\" style=\"left:850px;bottom:473px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7n_203\" style=\"left:853px;bottom:473px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t7o_203\" style=\"left:64px;bottom:455px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s4_203\" id=\"t7p_203\" style=\"left:347px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7q_203\" style=\"left:416px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7r_203\" style=\"left:481px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7s_203\" style=\"left:546px;bottom:455px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t7t_203\" style=\"left:597px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7u_203\" style=\"left:666px;bottom:455px;letter-spacing:-0.28px;display:inline;\">(14) </div><div class=\"t s4_203\" id=\"t7v_203\" style=\"left:733px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7w_203\" style=\"left:736px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7x_203\" style=\"left:789px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7y_203\" style=\"left:792px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t7z_203\" style=\"left:850px;bottom:455px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t80_203\" style=\"left:853px;bottom:455px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t81_203\" style=\"left:64px;bottom:436px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s4_203\" id=\"t82_203\" style=\"left:347px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t83_203\" style=\"left:416px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t84_203\" style=\"left:481px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t85_203\" style=\"left:546px;bottom:436px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t86_203\" style=\"left:605px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t87_203\" style=\"left:674px;bottom:436px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s4_203\" id=\"t88_203\" style=\"left:733px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t89_203\" style=\"left:736px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8a_203\" style=\"left:789px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8b_203\" style=\"left:792px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8c_203\" style=\"left:850px;bottom:436px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8d_203\" style=\"left:852px;bottom:436px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t8e_203\" style=\"left:64px;bottom:416px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Corporate bond not in a hedge </div>\n<div class=\"t s1_203\" id=\"t8f_203\" style=\"left:64px;bottom:402px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8g_203\" style=\"left:347px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8h_203\" style=\"left:416px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8i_203\" style=\"left:481px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8j_203\" style=\"left:546px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8k_203\" style=\"left:588px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div><div class=\"t s4_203\" id=\"t8l_203\" style=\"left:658px;bottom:402px;letter-spacing:-0.15px;display:inline;\">(994) </div>\n<div class=\"t s1_203\" id=\"t8m_203\" style=\"left:64px;bottom:382px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Corporate bond in a hedge </div>\n<div class=\"t s1_203\" id=\"t8n_203\" style=\"left:64px;bottom:368px;letter-spacing:0.11px;display:inline;\">relationship </div><div class=\"t s4_203\" id=\"t8o_203\" style=\"left:347px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8p_203\" style=\"left:416px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8q_203\" style=\"left:481px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8r_203\" style=\"left:546px;bottom:368px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t8s_203\" style=\"left:589px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8t_203\" style=\"left:658px;bottom:368px;letter-spacing:-0.36px;display:inline;\">(516) </div><div class=\"t s4_203\" id=\"t8u_203\" style=\"left:733px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8v_203\" style=\"left:736px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8w_203\" style=\"left:789px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8x_203\" style=\"left:792px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8y_203\" style=\"left:850px;bottom:368px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t8z_203\" style=\"left:852px;bottom:368px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t90_203\" style=\"left:64px;bottom:350px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s1_203\" id=\"t91_203\" style=\"left:64px;bottom:336px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s4_203\" id=\"t92_203\" style=\"left:346px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t93_203\" style=\"left:416px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t94_203\" style=\"left:481px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t95_203\" style=\"left:546px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t96_203\" style=\"left:577px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div><div class=\"t s4_203\" id=\"t97_203\" style=\"left:646px;bottom:336px;letter-spacing:-0.12px;display:inline;\">(1,160) </div>\n<div class=\"t s1_203\" id=\"t98_203\" style=\"left:64px;bottom:318px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s4_203\" id=\"t99_203\" style=\"left:346px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9a_203\" style=\"left:416px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9b_203\" style=\"left:481px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9c_203\" style=\"left:546px;bottom:318px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9d_203\" style=\"left:576px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9e_203\" style=\"left:645px;bottom:318px;display:inline;\">(1,040) </div><div class=\"t s4_203\" id=\"t9f_203\" style=\"left:733px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9g_203\" style=\"left:735px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9h_203\" style=\"left:789px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9i_203\" style=\"left:792px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9j_203\" style=\"left:849px;bottom:318px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9k_203\" style=\"left:852px;bottom:318px;display:inline;\">\u00a0</div>\n<div class=\"t s4_203\" id=\"t9l_203\" style=\"left:346px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9m_203\" style=\"left:416px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9n_203\" style=\"left:481px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9o_203\" style=\"left:546px;bottom:299px;display:inline;\">\u2013 </div><div class=\"t s4_203\" id=\"t9p_203\" style=\"left:577px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9q_203\" style=\"left:646px;bottom:299px;letter-spacing:-0.14px;display:inline;\">(3,730) </div><div class=\"t s4_203\" id=\"t9r_203\" style=\"left:732px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9s_203\" style=\"left:735px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9t_203\" style=\"left:789px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9u_203\" style=\"left:792px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9v_203\" style=\"left:849px;bottom:299px;display:inline;\">\u00a0</div><div class=\"t s4_203\" id=\"t9w_203\" style=\"left:852px;bottom:299px;display:inline;\">\u00a0</div>\n<div class=\"t s1_203\" id=\"t9x_203\" style=\"left:64px;bottom:271px;letter-spacing:0.04px;display:inline;\">At 31 December 2022, the book value and market value of the USD corporate bond were $994m and $783m respectively (2021: $993m </div>\n<div class=\"t s1_203\" id=\"t9y_203\" style=\"left:64px;bottom:255px;letter-spacing:0.06px;word-spacing:-0.03px;display:inline;\">and $962m), the book value and market value of the EUR Corporate bond were $516m and $531m respectively. The book value and fair </div>\n<div class=\"t s1_203\" id=\"t9z_203\" style=\"left:64px;bottom:240px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">value of the private placement debt were $1,160m and $987m respectively (2021: $1,285m and $1,316m). </div>\n<div class=\"t s5_203\" id=\"ta0_203\" style=\"left:830px;bottom:11px;letter-spacing:-1.12px;display:inline;\">201 </div><div class=\"t s6_203\" id=\"ta1_203\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s7_203\" id=\"ta2_203\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s8_203\" id=\"ta3_203\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s8_203\" id=\"ta4_203\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t s9_203\" id=\"ta5_203\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s8_203\" id=\"ta6_203\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_204\" id=\"t1_204\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_204\" id=\"t2_204\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_204\" id=\"t3_204\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_204\" id=\"t4_204\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_204\" id=\"t5_204\" style=\"left:43px;bottom:956px;letter-spacing:-0.88px;display:inline;\">16 </div><div class=\"t s6_204\" id=\"t6_204\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Financial instruments and risk management </div><div class=\"t s7_204\" id=\"t7_204\" style=\"left:366px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_204\" id=\"t8_204\" style=\"left:43px;bottom:939px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">During the year ended 31 December 2022, acquisition consideration increased by $1m due to $42m increase for acquisitions being </div>\n<div class=\"t s8_204\" id=\"t9_204\" style=\"left:43px;bottom:924px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">partially o\ufb00set $24m of payments for acquisitions made in the current and prior years, and $17m of remeasurement and discount </div>\n<div class=\"t s8_204\" id=\"ta_204\" style=\"left:43px;bottom:909px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">unwind. The fair value of contingent consideration is\u00a0estimated using a discounted cash \ufb02ow model. The valuation model considers the </div>\n<div class=\"t s8_204\" id=\"tb_204\" style=\"left:43px;bottom:893px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">present value of expected payment, discounted using a risk-adjusted discount rate. The expected payment is determined by considering </div>\n<div class=\"t s8_204\" id=\"tc_204\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the possible scenarios, which relate\u00a0to the achievement of established milestones and targets, the amount to\u00a0be paid under each </div>\n<div class=\"t s8_204\" id=\"td_204\" style=\"left:43px;bottom:863px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">scenario and the probability of\u00a0each\u00a0scenario. As a\u00a0result, contingent consideration is classi\ufb01ed as Level 3 within the fair value hierarchy. </div>\n<div class=\"t s9_204\" id=\"te_204\" style=\"left:620px;bottom:840px;letter-spacing:-0.02px;display:inline;\">Carrying </div>\n<div class=\"t s9_204\" id=\"tf_204\" style=\"left:624px;bottom:828px;letter-spacing:-0.1px;display:inline;\">amount </div><div class=\"t s9_204\" id=\"tg_204\" style=\"left:793px;bottom:828px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"th_204\" style=\"left:282px;bottom:800px;letter-spacing:-0.14px;word-spacing:-0.09px;display:inline;\">Fair\u00a0value\u00a0\u2013 </div>\n<div class=\"t s9_204\" id=\"ti_204\" style=\"left:299px;bottom:787px;letter-spacing:-0.07px;display:inline;\">hedging </div>\n<div class=\"t s9_204\" id=\"tj_204\" style=\"left:278px;bottom:775px;letter-spacing:-0.07px;display:inline;\">instruments </div>\n<div class=\"t s9_204\" id=\"tk_204\" style=\"left:355px;bottom:787px;letter-spacing:-0.04px;display:inline;\">Amortised </div>\n<div class=\"t s9_204\" id=\"tl_204\" style=\"left:386px;bottom:775px;letter-spacing:-0.07px;display:inline;\">cost </div>\n<div class=\"t s9_204\" id=\"tm_204\" style=\"left:425px;bottom:800px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tn_204\" style=\"left:433px;bottom:787px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"to_204\" style=\"left:454px;bottom:775px;letter-spacing:-0.09px;display:inline;\">OCI </div>\n<div class=\"t s9_204\" id=\"tp_204\" style=\"left:490px;bottom:812px;letter-spacing:-0.13px;word-spacing:-0.1px;display:inline;\">Fair value </div>\n<div class=\"t s9_204\" id=\"tq_204\" style=\"left:498px;bottom:800px;letter-spacing:-0.07px;display:inline;\">through </div>\n<div class=\"t s9_204\" id=\"tr_204\" style=\"left:509px;bottom:787px;letter-spacing:-0.03px;display:inline;\">pro\ufb01t </div>\n<div class=\"t s9_204\" id=\"ts_204\" style=\"left:505px;bottom:775px;letter-spacing:-0.12px;word-spacing:-0.11px;display:inline;\">or loss </div>\n<div class=\"t s9_204\" id=\"tt_204\" style=\"left:569px;bottom:800px;letter-spacing:-0.03px;display:inline;\">Other </div>\n<div class=\"t s9_204\" id=\"tu_204\" style=\"left:555px;bottom:787px;letter-spacing:-0.06px;display:inline;\">\ufb01nancial </div>\n<div class=\"t s9_204\" id=\"tv_204\" style=\"left:553px;bottom:775px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_204\" id=\"tw_204\" style=\"left:637px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div><div class=\"t s9_204\" id=\"tx_204\" style=\"left:683px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a02 </div><div class=\"t s9_204\" id=\"ty_204\" style=\"left:740px;bottom:775px;letter-spacing:-0.19px;word-spacing:-0.06px;display:inline;\">Level\u00a03 </div><div class=\"t s9_204\" id=\"tz_204\" style=\"left:815px;bottom:775px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_204\" id=\"t10_204\" style=\"left:43px;bottom:761px;letter-spacing:-0.26px;word-spacing:-0.01px;display:inline;\">At\u00a031\u00a0December\u00a02021 </div><div class=\"t s9_204\" id=\"t11_204\" style=\"left:264px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t12_204\" style=\"left:266px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t13_204\" style=\"left:269px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t14_204\" style=\"left:271px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t15_204\" style=\"left:296px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t16_204\" style=\"left:342px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t17_204\" style=\"left:344px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t18_204\" style=\"left:347px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t19_204\" style=\"left:365px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1a_204\" style=\"left:411px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1b_204\" style=\"left:414px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1c_204\" style=\"left:416px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1d_204\" style=\"left:430px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1e_204\" style=\"left:476px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1f_204\" style=\"left:479px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1g_204\" style=\"left:481px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1h_204\" style=\"left:495px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1i_204\" style=\"left:555px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1j_204\" style=\"left:602px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1k_204\" style=\"left:604px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1l_204\" style=\"left:607px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1m_204\" style=\"left:620px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_204\" id=\"t1n_204\" style=\"left:667px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1o_204\" style=\"left:669px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1p_204\" style=\"left:672px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1q_204\" style=\"left:726px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1r_204\" style=\"left:728px;bottom:761px;letter-spacing:-0.09px;word-spacing:1.26px;display:inline;\">\u00a0$\u00a0million\u00a0</div><div class=\"t s9_204\" id=\"t1s_204\" style=\"left:782px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1t_204\" style=\"left:784px;bottom:761px;display:inline;\">\u00a0</div><div class=\"t s9_204\" id=\"t1u_204\" style=\"left:798px;bottom:761px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sa_204\" id=\"t1v_204\" style=\"left:43px;bottom:741px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets measured </div>\n<div class=\"t sa_204\" id=\"t1w_204\" style=\"left:43px;bottom:728px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t1x_204\" style=\"left:326px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1y_204\" style=\"left:329px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t1z_204\" style=\"left:395px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t20_204\" style=\"left:398px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t21_204\" style=\"left:460px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t22_204\" style=\"left:463px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t23_204\" style=\"left:525px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t24_204\" style=\"left:528px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t25_204\" style=\"left:586px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t26_204\" style=\"left:589px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t27_204\" style=\"left:651px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t28_204\" style=\"left:654px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t29_204\" style=\"left:707px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2a_204\" style=\"left:710px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2b_204\" style=\"left:763px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2c_204\" style=\"left:766px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2d_204\" style=\"left:828px;bottom:728px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t2e_204\" style=\"left:831px;bottom:728px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t2f_204\" style=\"left:43px;bottom:709px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t2g_204\" style=\"left:322px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2h_204\" style=\"left:399px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2i_204\" style=\"left:464px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2j_204\" style=\"left:528px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2k_204\" style=\"left:589px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2l_204\" style=\"left:647px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2m_204\" style=\"left:703px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t2n_204\" style=\"left:767px;bottom:709px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2o_204\" style=\"left:825px;bottom:709px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s8_204\" id=\"t2p_204\" style=\"left:43px;bottom:691px;letter-spacing:0.19px;display:inline;\">Investments </div><div class=\"t s8_204\" id=\"t2q_204\" style=\"left:329px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2r_204\" style=\"left:399px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2s_204\" style=\"left:463px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2t_204\" style=\"left:522px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2u_204\" style=\"left:589px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2v_204\" style=\"left:647px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2w_204\" style=\"left:710px;bottom:691px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t2x_204\" style=\"left:760px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div><div class=\"t s8_204\" id=\"t2y_204\" style=\"left:825px;bottom:691px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s8_204\" id=\"t2z_204\" style=\"left:43px;bottom:672px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Contingent consideration receivable </div><div class=\"t s8_204\" id=\"t30_204\" style=\"left:329px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t31_204\" style=\"left:399px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t32_204\" style=\"left:463px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t33_204\" style=\"left:521px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t34_204\" style=\"left:589px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t35_204\" style=\"left:647px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t36_204\" style=\"left:710px;bottom:672px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t37_204\" style=\"left:759px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div><div class=\"t s8_204\" id=\"t38_204\" style=\"left:824px;bottom:672px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s8_204\" id=\"t39_204\" style=\"left:43px;bottom:654px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t3a_204\" style=\"left:329px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3b_204\" style=\"left:399px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3c_204\" style=\"left:464px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3d_204\" style=\"left:528px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3e_204\" style=\"left:589px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3f_204\" style=\"left:654px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3g_204\" style=\"left:711px;bottom:654px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3h_204\" style=\"left:767px;bottom:654px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3i_204\" style=\"left:832px;bottom:654px;display:inline;\">2 </div>\n<div class=\"t s8_204\" id=\"t3j_204\" style=\"left:322px;bottom:635px;letter-spacing:-0.51px;display:inline;\">37 </div><div class=\"t s8_204\" id=\"t3k_204\" style=\"left:398px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3l_204\" style=\"left:464px;bottom:635px;display:inline;\">2 </div><div class=\"t s8_204\" id=\"t3m_204\" style=\"left:521px;bottom:635px;display:inline;\">30 </div><div class=\"t s8_204\" id=\"t3n_204\" style=\"left:589px;bottom:635px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t3o_204\" style=\"left:647px;bottom:635px;letter-spacing:-0.38px;display:inline;\">69 </div><div class=\"t s8_204\" id=\"t3p_204\" style=\"left:763px;bottom:635px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3q_204\" style=\"left:766px;bottom:635px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t3r_204\" style=\"left:43px;bottom:617px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities measured </div>\n<div class=\"t sa_204\" id=\"t3s_204\" style=\"left:43px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t3t_204\" style=\"left:326px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3u_204\" style=\"left:329px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3v_204\" style=\"left:395px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3w_204\" style=\"left:398px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3x_204\" style=\"left:460px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3y_204\" style=\"left:463px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t3z_204\" style=\"left:525px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t40_204\" style=\"left:528px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t41_204\" style=\"left:586px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t42_204\" style=\"left:589px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t43_204\" style=\"left:651px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t44_204\" style=\"left:654px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t45_204\" style=\"left:707px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t46_204\" style=\"left:710px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t47_204\" style=\"left:763px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t48_204\" style=\"left:766px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t49_204\" style=\"left:828px;bottom:603px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t4a_204\" style=\"left:831px;bottom:603px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t4b_204\" style=\"left:43px;bottom:585px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t4c_204\" style=\"left:329px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4d_204\" style=\"left:398px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4e_204\" style=\"left:463px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4f_204\" style=\"left:517px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4g_204\" style=\"left:589px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4h_204\" style=\"left:643px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4i_204\" style=\"left:710px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4j_204\" style=\"left:755px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t4k_204\" style=\"left:820px;bottom:585px;letter-spacing:-0.05px;display:inline;\">(84) </div>\n<div class=\"t s8_204\" id=\"t4l_204\" style=\"left:43px;bottom:566px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Forward foreign exchange contracts </div><div class=\"t s8_204\" id=\"t4m_204\" style=\"left:318px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4n_204\" style=\"left:398px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4o_204\" style=\"left:463px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4p_204\" style=\"left:528px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4q_204\" style=\"left:589px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4r_204\" style=\"left:643px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4s_204\" style=\"left:700px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t4t_204\" style=\"left:766px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4u_204\" style=\"left:821px;bottom:566px;letter-spacing:-0.3px;display:inline;\">(17) </div>\n<div class=\"t s8_204\" id=\"t4v_204\" style=\"left:43px;bottom:548px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Currency swaps </div><div class=\"t s8_204\" id=\"t4w_204\" style=\"left:329px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4x_204\" style=\"left:398px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t4y_204\" style=\"left:460px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t4z_204\" style=\"left:528px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t50_204\" style=\"left:589px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t51_204\" style=\"left:650px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t52_204\" style=\"left:707px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t53_204\" style=\"left:766px;bottom:548px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t54_204\" style=\"left:828px;bottom:548px;letter-spacing:-0.08px;display:inline;\">(2) </div>\n<div class=\"t s8_204\" id=\"t55_204\" style=\"left:318px;bottom:529px;letter-spacing:-0.3px;display:inline;\">(17) </div><div class=\"t s8_204\" id=\"t56_204\" style=\"left:398px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t57_204\" style=\"left:460px;bottom:529px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s8_204\" id=\"t58_204\" style=\"left:517px;bottom:529px;letter-spacing:-0.05px;display:inline;\">(84) </div><div class=\"t s8_204\" id=\"t59_204\" style=\"left:589px;bottom:529px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t5a_204\" style=\"left:636px;bottom:529px;letter-spacing:-0.35px;display:inline;\">(103) </div><div class=\"t s8_204\" id=\"t5b_204\" style=\"left:707px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5c_204\" style=\"left:710px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5d_204\" style=\"left:763px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5e_204\" style=\"left:766px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5f_204\" style=\"left:828px;bottom:529px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5g_204\" style=\"left:831px;bottom:529px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t5h_204\" style=\"left:43px;bottom:511px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Financial assets not measured </div>\n<div class=\"t sa_204\" id=\"t5i_204\" style=\"left:43px;bottom:497px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t5j_204\" style=\"left:326px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5k_204\" style=\"left:329px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5l_204\" style=\"left:395px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5m_204\" style=\"left:398px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5n_204\" style=\"left:460px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5o_204\" style=\"left:463px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5p_204\" style=\"left:525px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5q_204\" style=\"left:528px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5r_204\" style=\"left:585px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5s_204\" style=\"left:588px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5t_204\" style=\"left:650px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5u_204\" style=\"left:653px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5v_204\" style=\"left:707px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5w_204\" style=\"left:710px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5x_204\" style=\"left:763px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5y_204\" style=\"left:766px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t5z_204\" style=\"left:828px;bottom:497px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t60_204\" style=\"left:831px;bottom:497px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t61_204\" style=\"left:43px;bottom:479px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Trade and other receivables </div><div class=\"t s8_204\" id=\"t62_204\" style=\"left:303px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t63_204\" style=\"left:398px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t64_204\" style=\"left:463px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t65_204\" style=\"left:528px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t66_204\" style=\"left:589px;bottom:479px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t67_204\" style=\"left:628px;bottom:479px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t68_204\" style=\"left:707px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t69_204\" style=\"left:710px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6a_204\" style=\"left:763px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6b_204\" style=\"left:766px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6c_204\" style=\"left:828px;bottom:479px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6d_204\" style=\"left:831px;bottom:479px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6e_204\" style=\"left:43px;bottom:460px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t s8_204\" id=\"t6f_204\" style=\"left:329px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6g_204\" style=\"left:372px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6h_204\" style=\"left:463px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6i_204\" style=\"left:528px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6j_204\" style=\"left:589px;bottom:460px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6k_204\" style=\"left:628px;bottom:460px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6l_204\" style=\"left:707px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6m_204\" style=\"left:710px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6n_204\" style=\"left:763px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6o_204\" style=\"left:766px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6p_204\" style=\"left:828px;bottom:460px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6q_204\" style=\"left:831px;bottom:460px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t6r_204\" style=\"left:303px;bottom:442px;letter-spacing:-0.04px;display:inline;\">1,046 </div><div class=\"t s8_204\" id=\"t6s_204\" style=\"left:372px;bottom:442px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s8_204\" id=\"t6t_204\" style=\"left:463px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6u_204\" style=\"left:528px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6v_204\" style=\"left:589px;bottom:442px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t6w_204\" style=\"left:628px;bottom:442px;letter-spacing:-0.08px;display:inline;\">2,336 </div><div class=\"t s8_204\" id=\"t6x_204\" style=\"left:707px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6y_204\" style=\"left:710px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t6z_204\" style=\"left:763px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t70_204\" style=\"left:766px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t71_204\" style=\"left:828px;bottom:442px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t72_204\" style=\"left:831px;bottom:442px;display:inline;\">\u00a0</div>\n<div class=\"t sa_204\" id=\"t73_204\" style=\"left:43px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Financial liabilities not measured </div>\n<div class=\"t sa_204\" id=\"t74_204\" style=\"left:43px;bottom:410px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">at\u00a0fair\u00a0value </div><div class=\"t s8_204\" id=\"t75_204\" style=\"left:325px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t76_204\" style=\"left:328px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t77_204\" style=\"left:395px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t78_204\" style=\"left:398px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t79_204\" style=\"left:460px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7a_204\" style=\"left:463px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7b_204\" style=\"left:525px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7c_204\" style=\"left:528px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7d_204\" style=\"left:585px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7e_204\" style=\"left:588px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7f_204\" style=\"left:650px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7g_204\" style=\"left:653px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7h_204\" style=\"left:707px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7i_204\" style=\"left:709px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7j_204\" style=\"left:763px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7k_204\" style=\"left:766px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7l_204\" style=\"left:828px;bottom:410px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7m_204\" style=\"left:831px;bottom:410px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t7n_204\" style=\"left:43px;bottom:391px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Acquisition consideration </div><div class=\"t s8_204\" id=\"t7o_204\" style=\"left:329px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7p_204\" style=\"left:398px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7q_204\" style=\"left:463px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7r_204\" style=\"left:528px;bottom:391px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t7s_204\" style=\"left:584px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7t_204\" style=\"left:649px;bottom:391px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s8_204\" id=\"t7u_204\" style=\"left:706px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7v_204\" style=\"left:709px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7w_204\" style=\"left:763px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7x_204\" style=\"left:766px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7y_204\" style=\"left:828px;bottom:391px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t7z_204\" style=\"left:831px;bottom:391px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t80_204\" style=\"left:43px;bottom:373px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t s8_204\" id=\"t81_204\" style=\"left:329px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t82_204\" style=\"left:398px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t83_204\" style=\"left:463px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t84_204\" style=\"left:528px;bottom:373px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t85_204\" style=\"left:585px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t86_204\" style=\"left:650px;bottom:373px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t s8_204\" id=\"t87_204\" style=\"left:706px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t88_204\" style=\"left:709px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t89_204\" style=\"left:763px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8a_204\" style=\"left:766px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8b_204\" style=\"left:828px;bottom:373px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8c_204\" style=\"left:831px;bottom:373px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8d_204\" style=\"left:43px;bottom:354px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Bank loans </div><div class=\"t s8_204\" id=\"t8e_204\" style=\"left:329px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8f_204\" style=\"left:398px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8g_204\" style=\"left:463px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8h_204\" style=\"left:528px;bottom:354px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8i_204\" style=\"left:570px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8j_204\" style=\"left:635px;bottom:354px;letter-spacing:-0.27px;display:inline;\">(859) </div><div class=\"t s8_204\" id=\"t8k_204\" style=\"left:706px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8l_204\" style=\"left:709px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8m_204\" style=\"left:763px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8n_204\" style=\"left:766px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8o_204\" style=\"left:828px;bottom:354px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8p_204\" style=\"left:831px;bottom:354px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t8q_204\" style=\"left:43px;bottom:336px;letter-spacing:0.17px;word-spacing:-0.12px;display:inline;\">Corporate bond </div><div class=\"t s8_204\" id=\"t8r_204\" style=\"left:329px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8s_204\" style=\"left:398px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8t_204\" style=\"left:463px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8u_204\" style=\"left:528px;bottom:336px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t8v_204\" style=\"left:570px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8w_204\" style=\"left:635px;bottom:336px;letter-spacing:-0.19px;display:inline;\">(993) </div><div class=\"t s8_204\" id=\"t8x_204\" style=\"left:706px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8y_204\" style=\"left:709px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t8z_204\" style=\"left:763px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t90_204\" style=\"left:766px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t91_204\" style=\"left:828px;bottom:336px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t92_204\" style=\"left:831px;bottom:336px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t93_204\" style=\"left:43px;bottom:318px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Private placement debt not in a </div>\n<div class=\"t s8_204\" id=\"t94_204\" style=\"left:43px;bottom:304px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">hedge relationship </div><div class=\"t s8_204\" id=\"t95_204\" style=\"left:329px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t96_204\" style=\"left:398px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t97_204\" style=\"left:463px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t98_204\" style=\"left:528px;bottom:304px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t99_204\" style=\"left:559px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s8_204\" id=\"t9a_204\" style=\"left:624px;bottom:304px;letter-spacing:-0.15px;display:inline;\">(1,285) </div>\n<div class=\"t s8_204\" id=\"t9b_204\" style=\"left:43px;bottom:285px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s8_204\" id=\"t9c_204\" style=\"left:329px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9d_204\" style=\"left:398px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9e_204\" style=\"left:463px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9f_204\" style=\"left:528px;bottom:285px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9g_204\" style=\"left:559px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9h_204\" style=\"left:624px;bottom:285px;letter-spacing:-0.16px;display:inline;\">(1,053) </div><div class=\"t s8_204\" id=\"t9i_204\" style=\"left:706px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9j_204\" style=\"left:709px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9k_204\" style=\"left:763px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9l_204\" style=\"left:766px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9m_204\" style=\"left:828px;bottom:285px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9n_204\" style=\"left:831px;bottom:285px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"t9o_204\" style=\"left:329px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9p_204\" style=\"left:398px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9q_204\" style=\"left:463px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9r_204\" style=\"left:528px;bottom:267px;display:inline;\">\u2013 </div><div class=\"t s8_204\" id=\"t9s_204\" style=\"left:560px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9t_204\" style=\"left:625px;bottom:267px;letter-spacing:-0.27px;display:inline;\">(4,202) </div><div class=\"t s8_204\" id=\"t9u_204\" style=\"left:706px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9v_204\" style=\"left:709px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9w_204\" style=\"left:763px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9x_204\" style=\"left:766px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9y_204\" style=\"left:828px;bottom:267px;display:inline;\">\u00a0</div><div class=\"t s8_204\" id=\"t9z_204\" style=\"left:830px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t s8_204\" id=\"ta0_204\" style=\"left:43px;bottom:238px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The fair value of contingent acquisition consideration is estimated using a discounted cash \ufb02ow model. The valuation model considers </div>\n<div class=\"t s8_204\" id=\"ta1_204\" style=\"left:43px;bottom:223px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">the present value of risk adjusted expected payments, discounted using a risk-free discount rate. The expected payment is determined </div>\n<div class=\"t s8_204\" id=\"ta2_204\" style=\"left:43px;bottom:208px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by considering the possible scenarios, which relate to the achievement of established milestones and targets, the amount to be paid </div>\n<div class=\"t s8_204\" id=\"ta3_204\" style=\"left:43px;bottom:192px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under each scenario and the probability of each scenario. As a result, contingent acquisition consideration is classi\ufb01ed as Level 3 within </div>\n<div class=\"t s8_204\" id=\"ta4_204\" style=\"left:43px;bottom:177px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">the fair value hierarchy. </div>\n<div class=\"t sb_204\" id=\"ta5_204\" style=\"left:43px;bottom:11px;letter-spacing:-1.1px;display:inline;\">202 </div><div class=\"t sc_204\" id=\"ta6_204\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_204\" id=\"ta7_204\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_205\" id=\"t1_205\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The fair value of investments is based upon third-party pricing models for share issues. As a result, investments are considered Level 3 </div>\n<div class=\"t s1_205\" id=\"t2_205\" style=\"left:65px;bottom:943px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">in\u00a0the fair value hierarchy. </div>\n<div class=\"t s1_205\" id=\"t3_205\" style=\"left:65px;bottom:919px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The movements in 2022 and 2021 for \ufb01nancial instruments measured using Level 3 valuation methods are presented below: </div>\n<div class=\"t s2_205\" id=\"t4_205\" style=\"left:748px;bottom:896px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_205\" id=\"t5_205\" style=\"left:835px;bottom:896px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t s2_205\" id=\"t6_205\" style=\"left:693px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t7_205\" style=\"left:695px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t8_205\" style=\"left:698px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"t9_205\" style=\"left:700px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"ta_205\" style=\"left:733px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_205\" id=\"tb_205\" style=\"left:780px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tc_205\" style=\"left:782px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"td_205\" style=\"left:784px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"te_205\" style=\"left:787px;bottom:884px;display:inline;\">\u00a0</div><div class=\"t s2_205\" id=\"tf_205\" style=\"left:820px;bottom:884px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_205\" id=\"tg_205\" style=\"left:69px;bottom:865px;letter-spacing:0.16px;display:inline;\">Investments </div>\n<div class=\"t s1_205\" id=\"th_205\" style=\"left:65px;bottom:846px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"ti_205\" style=\"left:758px;bottom:846px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s1_205\" id=\"tj_205\" style=\"left:854px;bottom:846px;display:inline;\">9 </div>\n<div class=\"t s1_205\" id=\"tk_205\" style=\"left:65px;bottom:828px;letter-spacing:0.14px;display:inline;\">Additions </div><div class=\"t s4_205\" id=\"tl_205\" style=\"left:766px;bottom:828px;display:inline;\">2 </div><div class=\"t s1_205\" id=\"tm_205\" style=\"left:854px;bottom:828px;display:inline;\">2 </div>\n<div class=\"t s1_205\" id=\"tn_205\" style=\"left:65px;bottom:809px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Fair value remeasurement </div><div class=\"t s4_205\" id=\"to_205\" style=\"left:767px;bottom:809px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tp_205\" style=\"left:851px;bottom:809px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s1_205\" id=\"tq_205\" style=\"left:65px;bottom:791px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"tr_205\" style=\"left:758px;bottom:791px;letter-spacing:-0.46px;display:inline;\">12 </div><div class=\"t s1_205\" id=\"ts_205\" style=\"left:846px;bottom:791px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_205\" id=\"tt_205\" style=\"left:69px;bottom:754px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Contingent consideration receivable </div>\n<div class=\"t s1_205\" id=\"tu_205\" style=\"left:65px;bottom:736px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"tv_205\" style=\"left:758px;bottom:736px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"tw_205\" style=\"left:846px;bottom:736px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s1_205\" id=\"tx_205\" style=\"left:65px;bottom:717px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"ty_205\" style=\"left:767px;bottom:717px;display:inline;\">\u2013 </div><div class=\"t s1_205\" id=\"tz_205\" style=\"left:854px;bottom:717px;display:inline;\">1 </div>\n<div class=\"t s1_205\" id=\"t10_205\" style=\"left:65px;bottom:699px;letter-spacing:0.17px;display:inline;\">Receipts </div><div class=\"t s4_205\" id=\"t11_205\" style=\"left:762px;bottom:699px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s1_205\" id=\"t12_205\" style=\"left:843px;bottom:699px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s1_205\" id=\"t13_205\" style=\"left:65px;bottom:680px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t14_205\" style=\"left:758px;bottom:680px;letter-spacing:-0.34px;display:inline;\">18 </div><div class=\"t s1_205\" id=\"t15_205\" style=\"left:846px;bottom:680px;letter-spacing:-0.34px;display:inline;\">20 </div>\n<div class=\"t s3_205\" id=\"t16_205\" style=\"left:69px;bottom:643px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Acquisition consideration liability </div>\n<div class=\"t s1_205\" id=\"t17_205\" style=\"left:65px;bottom:625px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">At 1 January </div><div class=\"t s4_205\" id=\"t18_205\" style=\"left:753px;bottom:625px;letter-spacing:-0.14px;display:inline;\">(84) </div><div class=\"t s1_205\" id=\"t19_205\" style=\"left:835px;bottom:625px;letter-spacing:-0.29px;display:inline;\">(128) </div>\n<div class=\"t s1_205\" id=\"t1a_205\" style=\"left:65px;bottom:607px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">Arising on acquisitions </div><div class=\"t s4_205\" id=\"t1b_205\" style=\"left:754px;bottom:607px;letter-spacing:-0.33px;display:inline;\">(32) </div><div class=\"t s1_205\" id=\"t1c_205\" style=\"left:853px;bottom:607px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1d_205\" style=\"left:65px;bottom:588px;letter-spacing:0.19px;display:inline;\">Payments </div><div class=\"t s4_205\" id=\"t1e_205\" style=\"left:758px;bottom:588px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s1_205\" id=\"t1f_205\" style=\"left:846px;bottom:588px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s1_205\" id=\"t1g_205\" style=\"left:65px;bottom:570px;letter-spacing:0.21px;display:inline;\">Remeasurements </div><div class=\"t s4_205\" id=\"t1h_205\" style=\"left:758px;bottom:570px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t s1_205\" id=\"t1i_205\" style=\"left:846px;bottom:570px;letter-spacing:-0.59px;display:inline;\">21 </div>\n<div class=\"t s1_205\" id=\"t1j_205\" style=\"left:65px;bottom:551px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Discount unwind </div><div class=\"t s4_205\" id=\"t1k_205\" style=\"left:762px;bottom:551px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t s1_205\" id=\"t1l_205\" style=\"left:853px;bottom:551px;display:inline;\">\u2013 </div>\n<div class=\"t s1_205\" id=\"t1m_205\" style=\"left:65px;bottom:533px;letter-spacing:0.08px;word-spacing:-0.02px;display:inline;\">At 31 December </div><div class=\"t s4_205\" id=\"t1n_205\" style=\"left:753px;bottom:533px;letter-spacing:-0.16px;display:inline;\">(78) </div>(84)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f25450": {
   "value": "Accounting policy <div class=\"t sf_202\" id=\"t2w_202\" style=\"left:53px;bottom:636px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Measurement of fair values </div>\n<div class=\"t sg_202\" id=\"t2x_202\" style=\"left:53px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both \ufb01nancial assets </div>\n<div class=\"t sg_202\" id=\"t2y_202\" style=\"left:53px;bottom:603px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0liabilities and non-\ufb01nancial assets acquired in a business combination (see Note 21). </div>\n<div class=\"t sg_202\" id=\"t2z_202\" style=\"left:53px;bottom:580px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values </div>\n<div class=\"t sg_202\" id=\"t30_202\" style=\"left:53px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are categorised into di\ufb00erent levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows: </div>\n<div class=\"t sg_202\" id=\"t31_202\" style=\"left:53px;bottom:549px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Level\u00a01:\u00a0quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: inputs other than quoted prices </div>\n<div class=\"t sg_202\" id=\"t32_202\" style=\"left:53px;bottom:534px;letter-spacing:0.1px;word-spacing:-0.09px;display:inline;\">included\u00a0in Level\u00a01 that are observable for the asset or liability, either directly (ie as prices) or indirectly (ie derived from prices); </div>\n<div class=\"t sg_202\" id=\"t33_202\" style=\"left:53px;bottom:518px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0Level 3: inputs\u00a0for the asset or liability that are not based on observable data (unobservable inputs). </div>\n<div class=\"t sg_202\" id=\"t34_202\" style=\"left:53px;bottom:494px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The Group recognises transfers between the levels of the fair value hierarchy at the end of the reporting period during which </div>\nthe\u00a0change has occurred.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f26345": {
   "value": "17 <div class=\"t s6_206\" id=\"t6_206\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;word-spacing:-0.05px;display:inline;\">Provisions and contingencies </div>\n<div class=\"t s7_206\" id=\"t7_206\" style=\"left:53px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s8_206\" id=\"t8_206\" style=\"left:53px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">In the normal course of business the Group is involved in various legal disputes. Provisions are made for loss contingencies when it is </div>\n<div class=\"t s8_206\" id=\"t9_206\" style=\"left:53px;bottom:896px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">deemed probable that an adverse outcome will occur and the amount of the losses can be reasonably estimated. Where the Group is </div>\n<div class=\"t s8_206\" id=\"ta_206\" style=\"left:53px;bottom:881px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the plainti\ufb00 in pursuing claims against third parties, legal and associated expenses are charged to the income statement as incurred. </div>\n<div class=\"t s8_206\" id=\"tb_206\" style=\"left:53px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The recognition of provisions for legal disputes is subject to a signi\ufb01cant degree of estimation. In making its estimates, management </div>\n<div class=\"t s8_206\" id=\"tc_206\" style=\"left:53px;bottom:850px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">takes into account the advice of internal and external legal counsel. Provisions are reviewed regularly and amounts updated where </div>\n<div class=\"t s8_206\" id=\"td_206\" style=\"left:53px;bottom:835px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">necessary to re\ufb02ect developments in the disputes. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s8_206\" id=\"te_206\" style=\"left:53px;bottom:820px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings or settlement negotiations or as new facts emerge. Insurance recoveries are recognised when the </div>\n<div class=\"t s8_206\" id=\"tf_206\" style=\"left:53px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">in\ufb02ow of bene\ufb01ts is virtually certain and are presented within other receivables. </div>\n<div class=\"t s8_206\" id=\"tg_206\" style=\"left:53px;bottom:781px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A provision for onerous contracts is recognised when the expected bene\ufb01ts to be derived by the Group from a contract are lower </div>\n<div class=\"t s8_206\" id=\"th_206\" style=\"left:53px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">than\u00a0the unavoidable cost of meeting its obligations under the contract. </div>\n<div class=\"t s8_206\" id=\"ti_206\" style=\"left:53px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">A provision for rationalisation is recognised when the Group has approved a detailed and formal restructuring plan and the </div>\n<div class=\"t s8_206\" id=\"tj_206\" style=\"left:53px;bottom:726px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">restructuring either has commenced or has been announced publicly. Future operating losses are not provided for. </div>\n<div class=\"t s9_206\" id=\"tk_206\" style=\"left:43px;bottom:688px;letter-spacing:-1.14px;display:inline;\">17.1 </div><div class=\"t sa_206\" id=\"tl_206\" style=\"left:72px;bottom:688px;letter-spacing:-0.19px;display:inline;\">Provisions </div>\n<div class=\"t sb_206\" id=\"tm_206\" style=\"left:463px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tn_206\" style=\"left:466px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"to_206\" style=\"left:480px;bottom:666px;letter-spacing:-0.09px;display:inline;\">Rationalisation </div><div class=\"t sb_206\" id=\"tp_206\" style=\"left:561px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tq_206\" style=\"left:656px;bottom:666px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tr_206\" style=\"left:669px;bottom:666px;letter-spacing:-0.1px;word-spacing:-0.14px;display:inline;\">Legal\u00a0and\u00a0other </div><div class=\"t sb_206\" id=\"ts_206\" style=\"left:752px;bottom:666px;display:inline;\">\u00a0</div>\n<div class=\"t sb_206\" id=\"tt_206\" style=\"left:504px;bottom:654px;letter-spacing:-0.07px;display:inline;\">provisions </div><div class=\"t sb_206\" id=\"tu_206\" style=\"left:570px;bottom:654px;letter-spacing:-0.05px;display:inline;\">Metal-on-metal </div><div class=\"t sb_206\" id=\"tv_206\" style=\"left:695px;bottom:654px;letter-spacing:-0.07px;display:inline;\">provisions </div><div class=\"t sb_206\" id=\"tw_206\" style=\"left:815px;bottom:654px;letter-spacing:-0.27px;display:inline;\">Total </div>\n<div class=\"t sb_206\" id=\"tx_206\" style=\"left:368px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"ty_206\" style=\"left:370px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"tz_206\" style=\"left:373px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t10_206\" style=\"left:375px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t11_206\" style=\"left:466px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t12_206\" style=\"left:468px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t13_206\" style=\"left:470px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t14_206\" style=\"left:512px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t15_206\" style=\"left:561px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t16_206\" style=\"left:563px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t17_206\" style=\"left:566px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t18_206\" style=\"left:607px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t19_206\" style=\"left:656px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1a_206\" style=\"left:659px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1b_206\" style=\"left:661px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1c_206\" style=\"left:703px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_206\" id=\"t1d_206\" style=\"left:752px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1e_206\" style=\"left:754px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1f_206\" style=\"left:756px;bottom:641px;display:inline;\">\u00a0</div><div class=\"t sb_206\" id=\"t1g_206\" style=\"left:798px;bottom:641px;letter-spacing:-0.08px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t sc_206\" id=\"t1h_206\" style=\"left:43px;bottom:622px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t sc_206\" id=\"t1i_206\" style=\"left:539px;bottom:622px;letter-spacing:-0.26px;display:inline;\">29 </div><div class=\"t sc_206\" id=\"t1j_206\" style=\"left:626px;bottom:622px;letter-spacing:-0.16px;display:inline;\">336 </div><div class=\"t sc_206\" id=\"t1k_206\" style=\"left:729px;bottom:622px;letter-spacing:-0.59px;display:inline;\">52 </div><div class=\"t sc_206\" id=\"t1l_206\" style=\"left:818px;bottom:622px;letter-spacing:-0.93px;display:inline;\">417 </div>\n<div class=\"t sc_206\" id=\"t1m_206\" style=\"left:43px;bottom:603px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Charge to income statement </div><div class=\"t sc_206\" id=\"t1n_206\" style=\"left:531px;bottom:603px;letter-spacing:-0.37px;display:inline;\">115 </div><div class=\"t sc_206\" id=\"t1o_206\" style=\"left:641px;bottom:603px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1p_206\" style=\"left:729px;bottom:603px;letter-spacing:-0.2px;display:inline;\">13 </div><div class=\"t sc_206\" id=\"t1q_206\" style=\"left:817px;bottom:603px;letter-spacing:-0.4px;display:inline;\">128 </div>\n<div class=\"t sc_206\" id=\"t1r_206\" style=\"left:43px;bottom:585px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Release to income statement </div><div class=\"t sc_206\" id=\"t1s_206\" style=\"left:542px;bottom:585px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t sc_206\" id=\"t1t_206\" style=\"left:641px;bottom:585px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1u_206\" style=\"left:734px;bottom:585px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sc_206\" id=\"t1v_206\" style=\"left:828px;bottom:585px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t sc_206\" id=\"t1w_206\" style=\"left:43px;bottom:566px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t sc_206\" id=\"t1x_206\" style=\"left:546px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t1y_206\" style=\"left:642px;bottom:566px;display:inline;\">8 </div><div class=\"t sc_206\" id=\"t1z_206\" style=\"left:736px;bottom:566px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t20_206\" style=\"left:832px;bottom:566px;display:inline;\">8 </div>\n<div class=\"t sc_206\" id=\"t21_206\" style=\"left:43px;bottom:548px;letter-spacing:0.14px;display:inline;\">Utilised </div><div class=\"t sc_206\" id=\"t22_206\" style=\"left:528px;bottom:548px;letter-spacing:-0.35px;display:inline;\">(124) </div><div class=\"t sc_206\" id=\"t23_206\" style=\"left:630px;bottom:548px;letter-spacing:-0.07px;display:inline;\">(55) </div><div class=\"t sc_206\" id=\"t24_206\" style=\"left:725px;bottom:548px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t sc_206\" id=\"t25_206\" style=\"left:814px;bottom:548px;letter-spacing:-0.38px;display:inline;\">(192) </div>\n<div class=\"t sc_206\" id=\"t26_206\" style=\"left:43px;bottom:530px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sc_206\" id=\"t27_206\" style=\"left:546px;bottom:530px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t28_206\" style=\"left:641px;bottom:530px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t29_206\" style=\"left:734px;bottom:530px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sc_206\" id=\"t2a_206\" style=\"left:829px;bottom:530px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t sc_206\" id=\"t2b_206\" style=\"left:43px;bottom:511px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sc_206\" id=\"t2c_206\" style=\"left:539px;bottom:511px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t2d_206\" style=\"left:626px;bottom:511px;letter-spacing:-0.31px;display:inline;\">289 </div><div class=\"t sc_206\" id=\"t2e_206\" style=\"left:729px;bottom:511px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t sc_206\" id=\"t2f_206\" style=\"left:817px;bottom:511px;letter-spacing:-0.36px;display:inline;\">357 </div>\n<div class=\"t sc_206\" id=\"t2g_206\" style=\"left:43px;bottom:493px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Charge to income statement </div><div class=\"t sd_206\" id=\"t2h_206\" style=\"left:529px;bottom:493px;letter-spacing:-0.42px;display:inline;\">169 </div><div class=\"t sd_206\" id=\"t2i_206\" style=\"left:633px;bottom:493px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t sd_206\" id=\"t2j_206\" style=\"left:728px;bottom:493px;letter-spacing:-0.53px;display:inline;\">19 </div><div class=\"t sd_206\" id=\"t2k_206\" style=\"left:815px;bottom:493px;letter-spacing:-0.26px;display:inline;\">207 </div>\n<div class=\"t sc_206\" id=\"t2l_206\" style=\"left:43px;bottom:474px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Release to income statement </div><div class=\"t sd_206\" id=\"t2m_206\" style=\"left:541px;bottom:474px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sd_206\" id=\"t2n_206\" style=\"left:642px;bottom:474px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2o_206\" style=\"left:731px;bottom:474px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t sd_206\" id=\"t2p_206\" style=\"left:826px;bottom:474px;letter-spacing:0.1px;display:inline;\">(7) </div>\n<div class=\"t sc_206\" id=\"t2q_206\" style=\"left:43px;bottom:456px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Unwinding of discount </div><div class=\"t sd_206\" id=\"t2r_206\" style=\"left:546px;bottom:456px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2s_206\" style=\"left:641px;bottom:456px;display:inline;\">7 </div><div class=\"t sd_206\" id=\"t2t_206\" style=\"left:737px;bottom:456px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t2u_206\" style=\"left:831px;bottom:456px;display:inline;\">7 </div>\n<div class=\"t sc_206\" id=\"t2v_206\" style=\"left:43px;bottom:437px;letter-spacing:0.14px;display:inline;\">Utilised </div><div class=\"t sd_206\" id=\"t2w_206\" style=\"left:524px;bottom:437px;letter-spacing:-0.22px;display:inline;\">(154) </div><div class=\"t sd_206\" id=\"t2x_206\" style=\"left:628px;bottom:437px;letter-spacing:-0.2px;display:inline;\">(76) </div><div class=\"t sd_206\" id=\"t2y_206\" style=\"left:731px;bottom:437px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sd_206\" id=\"t2z_206\" style=\"left:810px;bottom:437px;letter-spacing:-0.13px;display:inline;\">(236) </div>\n<div class=\"t sc_206\" id=\"t30_206\" style=\"left:43px;bottom:419px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sd_206\" id=\"t31_206\" style=\"left:541px;bottom:419px;letter-spacing:-0.47px;display:inline;\">(1) </div><div class=\"t sd_206\" id=\"t32_206\" style=\"left:642px;bottom:419px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t33_206\" style=\"left:737px;bottom:419px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t34_206\" style=\"left:827px;bottom:419px;letter-spacing:-0.47px;display:inline;\">(1) </div>\n<div class=\"t se_206\" id=\"t35_206\" style=\"left:48px;bottom:401px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sd_206\" id=\"t36_206\" style=\"left:537px;bottom:401px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t37_206\" style=\"left:624px;bottom:401px;letter-spacing:-0.25px;display:inline;\">239 </div><div class=\"t sd_206\" id=\"t38_206\" style=\"left:728px;bottom:401px;letter-spacing:-0.2px;display:inline;\">58 </div><div class=\"t sd_206\" id=\"t39_206\" style=\"left:815px;bottom:401px;letter-spacing:-0.5px;display:inline;\">327 </div>\n<div class=\"t sc_206\" id=\"t3a_206\" style=\"left:43px;bottom:382px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Provisions\u00a0\u2013 due within one\u00a0year </div><div class=\"t sd_206\" id=\"t3b_206\" style=\"left:537px;bottom:382px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t3c_206\" style=\"left:625px;bottom:382px;letter-spacing:-0.39px;display:inline;\">165 </div><div class=\"t sd_206\" id=\"t3d_206\" style=\"left:728px;bottom:382px;letter-spacing:-0.01px;display:inline;\">48 </div><div class=\"t sd_206\" id=\"t3e_206\" style=\"left:815px;bottom:382px;letter-spacing:-0.24px;display:inline;\">243 </div>\n<div class=\"t sc_206\" id=\"t3f_206\" style=\"left:43px;bottom:364px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Provisions\u00a0\u2013 due a\ufb05er one\u00a0year </div><div class=\"t sd_206\" id=\"t3g_206\" style=\"left:546px;bottom:364px;display:inline;\">\u2013 </div><div class=\"t sd_206\" id=\"t3h_206\" style=\"left:633px;bottom:364px;letter-spacing:-1.09px;display:inline;\">74 </div><div class=\"t sd_206\" id=\"t3i_206\" style=\"left:728px;bottom:364px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t sd_206\" id=\"t3j_206\" style=\"left:823px;bottom:364px;letter-spacing:0.04px;display:inline;\">84 </div>\n<div class=\"t se_206\" id=\"t3k_206\" style=\"left:48px;bottom:345px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sd_206\" id=\"t3l_206\" style=\"left:537px;bottom:345px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_206\" id=\"t3m_206\" style=\"left:624px;bottom:345px;letter-spacing:-0.25px;display:inline;\">239 </div><div class=\"t sd_206\" id=\"t3n_206\" style=\"left:728px;bottom:345px;letter-spacing:-0.2px;display:inline;\">58 </div><div class=\"t sd_206\" id=\"t3o_206\" style=\"left:815px;bottom:345px;letter-spacing:-0.5px;display:inline;\">327 </div>\n<div class=\"t sc_206\" id=\"t3p_206\" style=\"left:43px;bottom:327px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Provisions\u00a0\u2013 due within one\u00a0year </div><div class=\"t sc_206\" id=\"t3q_206\" style=\"left:539px;bottom:327px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t3r_206\" style=\"left:626px;bottom:327px;letter-spacing:-0.33px;display:inline;\">263 </div><div class=\"t sc_206\" id=\"t3s_206\" style=\"left:730px;bottom:327px;letter-spacing:-0.84px;display:inline;\">41 </div><div class=\"t sc_206\" id=\"t3t_206\" style=\"left:817px;bottom:327px;letter-spacing:-0.45px;display:inline;\">322 </div>\n<div class=\"t sc_206\" id=\"t3u_206\" style=\"left:43px;bottom:308px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Provisions\u00a0\u2013 due a\ufb05er one\u00a0year </div><div class=\"t sc_206\" id=\"t3v_206\" style=\"left:546px;bottom:308px;display:inline;\">\u2013 </div><div class=\"t sc_206\" id=\"t3w_206\" style=\"left:634px;bottom:308px;letter-spacing:-0.47px;display:inline;\">26 </div><div class=\"t sc_206\" id=\"t3x_206\" style=\"left:737px;bottom:308px;display:inline;\">9 </div><div class=\"t sc_206\" id=\"t3y_206\" style=\"left:824px;bottom:308px;letter-spacing:-0.23px;display:inline;\">35 </div>\n<div class=\"t sc_206\" id=\"t3z_206\" style=\"left:43px;bottom:290px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t sc_206\" id=\"t40_206\" style=\"left:539px;bottom:290px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t sc_206\" id=\"t41_206\" style=\"left:626px;bottom:290px;letter-spacing:-0.31px;display:inline;\">289 </div><div class=\"t sc_206\" id=\"t42_206\" style=\"left:729px;bottom:290px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t sc_206\" id=\"t43_206\" style=\"left:817px;bottom:290px;letter-spacing:-0.36px;display:inline;\">357 </div>\n<div class=\"t sc_206\" id=\"t44_206\" style=\"left:43px;bottom:261px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The principal elements within rationalisation provisions relate to the Operations and Commercial Excellence programme announced </div>\n<div class=\"t sc_206\" id=\"t45_206\" style=\"left:43px;bottom:246px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">in\u00a0February 2020 and the e\ufb03ciency and productivity elements of the 12-point plan. </div>\n<div class=\"t sf_206\" id=\"t46_206\" style=\"left:43px;bottom:11px;letter-spacing:-0.62px;display:inline;\">204 </div><div class=\"t sg_206\" id=\"t47_206\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sh_206\" id=\"t48_206\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_207\" id=\"t1_207\" style=\"left:65px;bottom:958px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">The Group has estimated a provision of $239m (2021: $289m) relating to the present value at 31 December 2022 of the estimated costs </div>\n<div class=\"t s1_207\" id=\"t2_207\" style=\"left:65px;bottom:943px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">to\u00a0resolve all other known and anticipated metal-on-metal hip claims globally. The estimated value of the provision has been determined </div>\n<div class=\"t s1_207\" id=\"t3_207\" style=\"left:65px;bottom:927px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">using an actuarial model. Given the inherent uncertainty in assumptions including sensitivity to factors such as the number, outcome </div>\n<div class=\"t s1_207\" id=\"t4_207\" style=\"left:65px;bottom:912px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and value of claims the actual costs may di\ufb00er signi\ufb01cantly from this estimate. A range of expected outcomes between the 60th and </div>\n<div class=\"t s1_207\" id=\"t5_207\" style=\"left:65px;bottom:897px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">85th percentile generated by the actuarial model would not give rise to a material adjustment. The potential for more adverse outcomes </div>\n<div class=\"t s1_207\" id=\"t6_207\" style=\"left:65px;bottom:882px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">exists and for example at the 95th percentile a charge similar to that incurred in 2019 ($121m) would be required in 2023 or therea\ufb05er. </div>\n<div class=\"t s1_207\" id=\"t7_207\" style=\"left:65px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The provision does not include any possible further insurance recoveries on these claims or legal fees associated with defending claims. </div>\n<div class=\"t s1_207\" id=\"t8_207\" style=\"left:65px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Management considered whether there had been any changes to the number and value of claims due to Covid and to date </div>\n<div class=\"t s1_207\" id=\"t9_207\" style=\"left:65px;bottom:827px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">have\u00a0not\u00a0identi\ufb01ed any changes in trends. If the experience changes in the future the value of provisions may require adjustment. </div>\n<div class=\"t s1_207\" id=\"ta_207\" style=\"left:65px;bottom:803px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The legal and other provisions mainly relate to various other product liability and intellectual property litigation matters. The Group </div>\n<div class=\"t s1_207\" id=\"tb_207\" style=\"left:65px;bottom:788px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">carries considerable product liability insurance, and will continue to defend claims vigorously. </div>\n<div class=\"t s1_207\" id=\"tc_207\" style=\"left:65px;bottom:764px;letter-spacing:0.09px;word-spacing:-0.07px;display:inline;\">All provisions are expected to be substantially utilised within \ufb01ve years of 31 December 2022 and none are treated as </div>\n<div class=\"t s1_207\" id=\"td_207\" style=\"left:65px;bottom:749px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">\ufb01nancial instruments. </div>\n<div class=\"t s2_207\" id=\"te_207\" style=\"left:65px;bottom:724px;letter-spacing:-1.03px;display:inline;\">17.2 </div><div class=\"t s3_207\" id=\"tf_207\" style=\"left:94px;bottom:724px;letter-spacing:-0.17px;display:inline;\">Contingencies </div>\n<div class=\"t s1_207\" id=\"tg_207\" style=\"left:65px;bottom:707px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Company and its subsidiaries are party to various legal proceedings, some of which include claims for substantial damages. </div>\n<div class=\"t s1_207\" id=\"th_207\" style=\"left:65px;bottom:691px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The outcome of these proceedings cannot readily be foreseen, but except as described herein management believes none of them </div>\n<div class=\"t s1_207\" id=\"ti_207\" style=\"left:65px;bottom:676px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">is\u00a0likely to result in a material adverse e\ufb00ect on the \ufb01nancial position of the Group. The Group provides for outcomes that are deemed </div>\n<div class=\"t s1_207\" id=\"tj_207\" style=\"left:65px;bottom:661px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to be probable and can be reliably estimated. There is no assurance that losses will not exceed provisions or will not have a signi\ufb01cant </div>\n<div class=\"t s1_207\" id=\"tk_207\" style=\"left:65px;bottom:646px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">impact on the Group\u2019s results of operations in the period in which they are realised. </div>\n<div class=\"t s2_207\" id=\"tl_207\" style=\"left:65px;bottom:621px;letter-spacing:-0.98px;display:inline;\">17.3 </div><div class=\"t s3_207\" id=\"tm_207\" style=\"left:94px;bottom:621px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Legal proceedings </div>\n<div class=\"t s4_207\" id=\"tn_207\" style=\"left:65px;bottom:603px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Product liability claims </div>\n<div class=\"t s1_207\" id=\"to_207\" style=\"left:65px;bottom:585px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group faces claims from time to time for alleged defects in its products and has on occasion recalled or withdrawn products from </div>\n<div class=\"t s1_207\" id=\"tp_207\" style=\"left:65px;bottom:570px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">the market. Such claims are endemic to the medical device industry. The Group maintains product liability insurance subject to limits </div>\n<div class=\"t s1_207\" id=\"tq_207\" style=\"left:65px;bottom:555px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">and deductibles that management believes are reasonable. All policies contain exclusions and limitations, however, and there can be </div>\n<div class=\"t s1_207\" id=\"tr_207\" style=\"left:65px;bottom:540px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">no\u00a0assurance that insurance will be available or adequate to cover all claims. </div>\n<div class=\"t s1_207\" id=\"ts_207\" style=\"left:65px;bottom:516px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">This includes matters raising concerns about possible adverse e\ufb00ects of hip implant products with metal-on-metal (MoM) bearing </div>\n<div class=\"t s1_207\" id=\"tt_207\" style=\"left:65px;bottom:500px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">surfaces for which the Group has incurred and will continue to incur expenses to defend claims in this area. </div>\n<div class=\"t s1_207\" id=\"tu_207\" style=\"left:65px;bottom:476px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">As of December 2022, approximately 1,160 such claims were pending with the Group around the world. This includes approximately </div>\n<div class=\"t s1_207\" id=\"tv_207\" style=\"left:65px;bottom:461px;letter-spacing:0.04px;word-spacing:-0.09px;display:inline;\">720\u00a0cases associated with a Multidistrict Litigation (MDL) pending in Baltimore, Maryland due to a 5 April 2017 court order consolidating </div>\n<div class=\"t s1_207\" id=\"tw_207\" style=\"left:65px;bottom:446px;letter-spacing:0.08px;word-spacing:-0.09px;display:inline;\">Smith+Nephew Birmingham Hip </div>\n<div class=\"t s5_207\" id=\"tx_207\" style=\"left:251px;bottom:453px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"ty_207\" style=\"left:258px;bottom:446px;letter-spacing:0.12px;word-spacing:-0.15px;display:inline;\">Resurfacing (BHR </div>\n<div class=\"t s5_207\" id=\"tz_207\" style=\"left:360px;bottom:453px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"t10_207\" style=\"left:364px;bottom:446px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">) cases pending or later \ufb01led in US federal court for pre-trial proceedings. Most claims </div>\n<div class=\"t s1_207\" id=\"t11_207\" style=\"left:65px;bottom:431px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">relate to the Group\u2019s BHR product, including its two modular metal-on-metal components: the Birmingham Hip Modular Head (BHMH) </div>\n<div class=\"t s1_207\" id=\"t12_207\" style=\"left:65px;bottom:415px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">and the optional metal liner component of the R3 </div>\n<div class=\"t s5_207\" id=\"t13_207\" style=\"left:354px;bottom:422px;display:inline;\">\u25ca </div>\n<div class=\"t s1_207\" id=\"t14_207\" style=\"left:362px;bottom:415px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Acetabular System (R3ML). The BHMH and R3ML are no longer on the market: the </div>\n<div class=\"t s1_207\" id=\"t15_207\" style=\"left:65px;bottom:400px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">R3ML was withdrawn in 2012 and the BHMH was phased out in 2014. In 2015, the Group ceased o\ufb00ering smaller sizes of the BHR and </div>\n<div class=\"t s1_207\" id=\"t16_207\" style=\"left:65px;bottom:385px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">restricted instructions for BHR use in female patients. These actions were taken to ensure that the BHR is used only in those patient </div>\n<div class=\"t s1_207\" id=\"t17_207\" style=\"left:65px;bottom:370px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">groups where it continues to demonstrate strong performance. </div>\n<div class=\"t s1_207\" id=\"t18_207\" style=\"left:65px;bottom:346px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">Through the end of 2022, entities of the Group have entered into several group, as well as individual, MoM related settlements without </div>\n<div class=\"t s1_207\" id=\"t19_207\" style=\"left:65px;bottom:330px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">admitting liability. The Group requested indemnity from its product liability insurers for most of these MoM hip implant settlements </div>\n<div class=\"t s1_207\" id=\"t1a_207\" style=\"left:65px;bottom:315px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0insurers have indemni\ufb01ed the Group to the limits of their respective applicable policies. </div>\n<div class=\"t s1_207\" id=\"t1b_207\" style=\"left:65px;bottom:291px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">Litigation outcomes are di\ufb03cult to predict and defence costs can be signi\ufb01cant. The Group takes care to monitor the clinical evidence </div>\n<div class=\"t s1_207\" id=\"t1c_207\" style=\"left:65px;bottom:276px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">relating to its products, including its metal hip implant products, to help ensure that its product o\ufb00erings are designed to serve </div>\n<div class=\"t s1_207\" id=\"t1d_207\" style=\"left:65px;bottom:261px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">patients\u2019\u00a0interests. </div>\n<div class=\"t s6_207\" id=\"t1e_207\" style=\"left:829px;bottom:11px;letter-spacing:-0.71px;display:inline;\">205 </div><div class=\"t s7_207\" id=\"t1f_207\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_207\" id=\"t1g_207\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_207\" id=\"t1h_207\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_207\" id=\"t1i_207\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_207\" id=\"t1j_207\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_207\" id=\"t1k_207\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_208\" id=\"t1_208\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_208\" id=\"t2_208\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_208\" id=\"t3_208\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_208\" id=\"t4_208\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_208\" id=\"t5_208\" style=\"left:43px;bottom:956px;letter-spacing:-1.49px;display:inline;\">17 </div><div class=\"t s6_208\" id=\"t6_208\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;word-spacing:-0.05px;display:inline;\">Provisions and contingencies </div><div class=\"t s7_208\" id=\"t7_208\" style=\"left:264px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_208\" id=\"t8_208\" style=\"left:43px;bottom:938px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Intellectual property disputes </div>\n<div class=\"t s9_208\" id=\"t9_208\" style=\"left:43px;bottom:921px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">The Group engages, as both plainti\ufb00 and defendant, in litigation with various competitors and others over claims of patent infringement </div>\n<div class=\"t s9_208\" id=\"ta_208\" style=\"left:43px;bottom:906px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">and other intellectual property matters. These disputes are heard in courts in the US and other jurisdictions and also before agencies </div>\n<div class=\"t s9_208\" id=\"tb_208\" style=\"left:43px;bottom:890px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">that examine patents. Outcomes are rarely certain and costs are o\ufb05en signi\ufb01cant. </div>\n<div class=\"t s9_208\" id=\"tc_208\" style=\"left:43px;bottom:867px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Arthrex asserted suture anchor patents against Smith+Nephew in 2014 and 2015 in the US District Court for the Eastern District of </div>\n<div class=\"t s9_208\" id=\"td_208\" style=\"left:43px;bottom:851px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">Texas. In February 2017, the parties reached a settlement resulting in the dismissal of all patent litigation. Smith+Nephew agreed to pay </div>\n<div class=\"t s9_208\" id=\"te_208\" style=\"left:43px;bottom:836px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">additional payments contingent on the outcome of patent validity proceedings pending at the US Patent &amp; Trademark O\ufb03ce. In August </div>\n<div class=\"t s9_208\" id=\"tf_208\" style=\"left:43px;bottom:821px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">2019, the Court of Appeals for the Federal Circuit a\ufb03rmed US Patent &amp; Trademark O\ufb03ce ruling invalidating one of the asserted Arthrex </div>\n<div class=\"t s9_208\" id=\"tg_208\" style=\"left:43px;bottom:805px;letter-spacing:0.03px;word-spacing:-0.07px;display:inline;\">patents. In October 2019, the Court of Appeals for the Federal Circuit vacated an earlier US Patent &amp; Trademark O\ufb03ce ruling invalidating </div>\n<div class=\"t s9_208\" id=\"th_208\" style=\"left:43px;bottom:790px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">the other asserted Arthrex patent. The United States Supreme Court granted certiorari. The Supreme Court ruling allowed Arthrex </div>\n<div class=\"t s9_208\" id=\"ti_208\" style=\"left:43px;bottom:775px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">to petition the Director of the US Patent &amp; Trademark O\ufb03ce to review the decision invalidating the second asserted Arthrex patent. </div>\n<div class=\"t s9_208\" id=\"tj_208\" style=\"left:43px;bottom:760px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">The US\u00a0Patent &amp; Trademark O\ufb03ce declined Arthrex\u2019s rehearing request in October 2021. In May 2022, the Court of Appeals for the </div>\n<div class=\"t s9_208\" id=\"tk_208\" style=\"left:43px;bottom:744px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Federal Circuit a\ufb03rmed the US Patent &amp; Trademark O\ufb03ce\u2019s invalidity ruling and its denial of Arthrex\u2019s rehearing request. Arthrex has </div>\n<div class=\"t s9_208\" id=\"tl_208\" style=\"left:43px;bottom:729px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">petitioned the United States Supreme Court to review the US Patent &amp; Trademark O\ufb03ce\u2019s denial of Arthrex\u2019s rehearing request. </div>\n<div class=\"t sa_208\" id=\"tm_208\" style=\"left:43px;bottom:704px;letter-spacing:-1.08px;display:inline;\">17.4 </div><div class=\"t sb_208\" id=\"tn_208\" style=\"left:72px;bottom:704px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Tax matters </div>\n<div class=\"t s9_208\" id=\"to_208\" style=\"left:43px;bottom:687px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">At any given time the Group has unagreed years outstanding in various countries and is involved in tax audits and disputes, some of </div>\n<div class=\"t s9_208\" id=\"tp_208\" style=\"left:43px;bottom:672px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">which may take several years to resolve. Provisions are based on best estimates and management\u2019s judgements concerning the likely </div>\n<div class=\"t s9_208\" id=\"tq_208\" style=\"left:43px;bottom:657px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">ultimate outcome of any audit or dispute. Management considers the speci\ufb01c circumstances of each tax position and takes external </div>\n<div class=\"t s9_208\" id=\"tr_208\" style=\"left:43px;bottom:641px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">advice, where appropriate, to assess the range of potential outcomes and estimate additional tax that may be due. The Group believes </div>\nthat it has made adequate provision in respect of additional tax liabilities that may arise. See Note 5 for further details.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f26350": {
   "value": "Accounting policy <div class=\"t s8_206\" id=\"t8_206\" style=\"left:53px;bottom:911px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">In the normal course of business the Group is involved in various legal disputes. Provisions are made for loss contingencies when it is </div>\n<div class=\"t s8_206\" id=\"t9_206\" style=\"left:53px;bottom:896px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">deemed probable that an adverse outcome will occur and the amount of the losses can be reasonably estimated. Where the Group is </div>\n<div class=\"t s8_206\" id=\"ta_206\" style=\"left:53px;bottom:881px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the plainti\ufb00 in pursuing claims against third parties, legal and associated expenses are charged to the income statement as incurred. </div>\n<div class=\"t s8_206\" id=\"tb_206\" style=\"left:53px;bottom:866px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The recognition of provisions for legal disputes is subject to a signi\ufb01cant degree of estimation. In making its estimates, management </div>\n<div class=\"t s8_206\" id=\"tc_206\" style=\"left:53px;bottom:850px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">takes into account the advice of internal and external legal counsel. Provisions are reviewed regularly and amounts updated where </div>\n<div class=\"t s8_206\" id=\"td_206\" style=\"left:53px;bottom:835px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">necessary to re\ufb02ect developments in the disputes. The ultimate liability may di\ufb00er from the amount provided depending on the </div>\n<div class=\"t s8_206\" id=\"te_206\" style=\"left:53px;bottom:820px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">outcome of court proceedings or settlement negotiations or as new facts emerge. Insurance recoveries are recognised when the </div>\n<div class=\"t s8_206\" id=\"tf_206\" style=\"left:53px;bottom:804px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">in\ufb02ow of bene\ufb01ts is virtually certain and are presented within other receivables. </div>\n<div class=\"t s8_206\" id=\"tg_206\" style=\"left:53px;bottom:781px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A provision for onerous contracts is recognised when the expected bene\ufb01ts to be derived by the Group from a contract are lower </div>\n<div class=\"t s8_206\" id=\"th_206\" style=\"left:53px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">than\u00a0the unavoidable cost of meeting its obligations under the contract. </div>\n<div class=\"t s8_206\" id=\"ti_206\" style=\"left:53px;bottom:741px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">A provision for rationalisation is recognised when the Group has approved a detailed and formal restructuring plan and the </div>\nrestructuring either has commenced or has been announced publicly. Future operating losses are not provided for. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f26523": {
   "value": "17.2 <div class=\"t s3_207\" id=\"tf_207\" style=\"left:94px;bottom:724px;letter-spacing:-0.17px;display:inline;\">Contingencies </div>\n<div class=\"t s1_207\" id=\"tg_207\" style=\"left:65px;bottom:707px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Company and its subsidiaries are party to various legal proceedings, some of which include claims for substantial damages. </div>\n<div class=\"t s1_207\" id=\"th_207\" style=\"left:65px;bottom:691px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">The outcome of these proceedings cannot readily be foreseen, but except as described herein management believes none of them </div>\n<div class=\"t s1_207\" id=\"ti_207\" style=\"left:65px;bottom:676px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">is\u00a0likely to result in a material adverse e\ufb00ect on the \ufb01nancial position of the Group. The Group provides for outcomes that are deemed </div>\n<div class=\"t s1_207\" id=\"tj_207\" style=\"left:65px;bottom:661px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">to be probable and can be reliably estimated. There is no assurance that losses will not exceed provisions or will not have a signi\ufb01cant </div>\nimpact on the Group\u2019s results of operations in the period in which they are realised. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f26609": {
   "value": "18 <div class=\"t s6_208\" id=\"tu_208\" style=\"left:65px;bottom:599px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div>\n<div class=\"t s8_208\" id=\"tv_208\" style=\"left:53px;bottom:572px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sc_208\" id=\"tw_208\" style=\"left:53px;bottom:555px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t plans in a number of countries. A de\ufb01ned bene\ufb01t pension plan de\ufb01nes an amount of pension </div>\n<div class=\"t sc_208\" id=\"tx_208\" style=\"left:53px;bottom:539px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">bene\ufb01t that an employee will receive on retirement or a minimum guaranteed return on contributions, which is dependent on various </div>\n<div class=\"t sc_208\" id=\"ty_208\" style=\"left:53px;bottom:524px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">factors such as age, years of service and \ufb01nal salary. The Group\u2019s obligation is calculated separately for each plan by discounting </div>\n<div class=\"t sc_208\" id=\"tz_208\" style=\"left:53px;bottom:509px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the\u00a0estimated future bene\ufb01t that employees have\u00a0earned in return for their service in the current and prior periods. The fair value </div>\n<div class=\"t sc_208\" id=\"t10_208\" style=\"left:53px;bottom:494px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">of\u00a0any plan assets is deducted to arrive at the net liability. </div>\n<div class=\"t sc_208\" id=\"t11_208\" style=\"left:53px;bottom:470px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is performed annually by external actuaries using the projected unit credit method. </div>\n<div class=\"t sc_208\" id=\"t12_208\" style=\"left:53px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Remeasurements arising from de\ufb01ned bene\ufb01t plans comprise actuarial gains and losses and the return on the plan assets in excess </div>\n<div class=\"t sc_208\" id=\"t13_208\" style=\"left:53px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of the discount rate net of the costs of\u00a0managing the plan assets. The Group recognises these immediately in other comprehensive </div>\n<div class=\"t sc_208\" id=\"t14_208\" style=\"left:53px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">income (OCI) and all other expenses, such as service cost, net interest cost, administration costs and taxes, are recognised in the </div>\n<div class=\"t sc_208\" id=\"t15_208\" style=\"left:53px;bottom:409px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">income statement. </div>\n<div class=\"t sc_208\" id=\"t16_208\" style=\"left:53px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of key assumptions are made when calculating the fair value of the Group\u2019s de\ufb01ned bene\ufb01t pension plans. These </div>\n<div class=\"t sc_208\" id=\"t17_208\" style=\"left:53px;bottom:369px;word-spacing:-0.11px;display:inline;\">assumptions impact the balance sheet asset and liabilities, operating pro\ufb01t, \ufb01nance income/costs and other comprehensive income. </div>\n<div class=\"t sc_208\" id=\"t18_208\" style=\"left:53px;bottom:354px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The most critical assumptions are the discount rate, the rate of in\ufb02ation and mortality assumptions to be applied to future pension </div>\n<div class=\"t sc_208\" id=\"t19_208\" style=\"left:53px;bottom:339px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">plan liabilities. The discount rate is based on the yield at the reporting date on bonds that have a credit rating of AA, denominated </div>\n<div class=\"t sc_208\" id=\"t1a_208\" style=\"left:53px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in the currency in which the bene\ufb01ts are expected to be paid and have a maturity pro\ufb01le approximately the same as the\u00a0Group\u2019s </div>\n<div class=\"t sc_208\" id=\"t1b_208\" style=\"left:53px;bottom:308px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">obligations. In determining these assumptions management takes into account the advice of professional external actuaries </div>\n<div class=\"t sc_208\" id=\"t1c_208\" style=\"left:53px;bottom:293px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">and\u00a0benchmarks its assumptions against external data. </div>\n<div class=\"t sc_208\" id=\"t1d_208\" style=\"left:53px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group determines the net interest expense/income on the net de\ufb01ned bene\ufb01t liability/asset for the period by applying the </div>\n<div class=\"t sc_208\" id=\"t1e_208\" style=\"left:53px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">discount rate used to\u00a0measure the de\ufb01ned bene\ufb01t obligation at the beginning of the annual period to the net de\ufb01ned bene\ufb01t </div>\n<div class=\"t sc_208\" id=\"t1f_208\" style=\"left:53px;bottom:238px;letter-spacing:0.09px;display:inline;\">liability/asset. </div>\n<div class=\"t sc_208\" id=\"t1g_208\" style=\"left:53px;bottom:215px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group also operates a number of de\ufb01ned contribution plans. A de\ufb01ned contribution plan is a pension plan under which the </div>\n<div class=\"t sc_208\" id=\"t1h_208\" style=\"left:53px;bottom:199px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0and employees pay \ufb01xed contributions to a third-party \ufb01nancial provider. The Group has no further payment obligations </div>\n<div class=\"t sc_208\" id=\"t1i_208\" style=\"left:53px;bottom:184px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">once\u00a0the contributions have\u00a0been\u00a0paid. Contributions are recognised as an employee bene\ufb01t expense when they are due. </div>\n<div class=\"t sd_208\" id=\"t1j_208\" style=\"left:43px;bottom:11px;letter-spacing:-0.58px;display:inline;\">206 </div><div class=\"t se_208\" id=\"t1k_208\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sf_208\" id=\"t1l_208\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_209\" id=\"t1_209\" style=\"left:65px;bottom:957px;letter-spacing:-0.41px;display:inline;\">18.1 </div><div class=\"t s2_209\" id=\"t2_209\" style=\"left:96px;bottom:957px;letter-spacing:-0.2px;word-spacing:-0.05px;display:inline;\">Retirement bene\ufb01t net assets/(obligations) </div>\n<div class=\"t s3_209\" id=\"t3_209\" style=\"left:65px;bottom:940px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The Group\u2019s retirement bene\ufb01t assets/(obligations) comprise: </div>\n<div class=\"t s4_209\" id=\"t4_209\" style=\"left:693px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t5_209\" style=\"left:695px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t6_209\" style=\"left:748px;bottom:918px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s4_209\" id=\"t7_209\" style=\"left:782px;bottom:918px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"t8_209\" style=\"left:835px;bottom:918px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div>\n<div class=\"t s4_209\" id=\"t9_209\" style=\"left:693px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"ta_209\" style=\"left:695px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tb_209\" style=\"left:698px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tc_209\" style=\"left:700px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"td_209\" style=\"left:733px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s4_209\" id=\"te_209\" style=\"left:780px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tf_209\" style=\"left:782px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"tg_209\" style=\"left:784px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"th_209\" style=\"left:787px;bottom:906px;display:inline;\">\u00a0</div><div class=\"t s4_209\" id=\"ti_209\" style=\"left:820px;bottom:906px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s3_209\" id=\"tj_209\" style=\"left:65px;bottom:886px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Funded plans: </div><div class=\"t s5_209\" id=\"tk_209\" style=\"left:764px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s5_209\" id=\"tl_209\" style=\"left:766px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"tm_209\" style=\"left:850px;bottom:886px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"tn_209\" style=\"left:853px;bottom:886px;display:inline;\">\u00a0</div>\n<div class=\"t s3_209\" id=\"to_209\" style=\"left:78px;bottom:868px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div><div class=\"t s5_209\" id=\"tp_209\" style=\"left:750px;bottom:868px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t s3_209\" id=\"tq_209\" style=\"left:839px;bottom:868px;letter-spacing:-0.34px;display:inline;\">137 </div>\n<div class=\"t s3_209\" id=\"tr_209\" style=\"left:78px;bottom:849px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">US Plan </div><div class=\"t s5_209\" id=\"ts_209\" style=\"left:758px;bottom:849px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t s3_209\" id=\"tt_209\" style=\"left:846px;bottom:849px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t s3_209\" id=\"tu_209\" style=\"left:78px;bottom:831px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Other plans </div><div class=\"t s5_209\" id=\"tv_209\" style=\"left:762px;bottom:831px;letter-spacing:-0.2px;display:inline;\">(5) </div><div class=\"t s3_209\" id=\"tw_209\" style=\"left:843px;bottom:831px;letter-spacing:-0.26px;display:inline;\">(18) </div>\n<div class=\"t s5_209\" id=\"tx_209\" style=\"left:750px;bottom:812px;letter-spacing:-0.24px;display:inline;\">133 </div><div class=\"t s3_209\" id=\"ty_209\" style=\"left:839px;bottom:812px;letter-spacing:-0.38px;display:inline;\">159 </div>\n<div class=\"t s3_209\" id=\"tz_209\" style=\"left:65px;bottom:794px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Unfunded plans: </div><div class=\"t s5_209\" id=\"t10_209\" style=\"left:764px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s5_209\" id=\"t11_209\" style=\"left:766px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"t12_209\" style=\"left:850px;bottom:794px;display:inline;\">\u00a0</div><div class=\"t s3_209\" id=\"t13_209\" style=\"left:853px;bottom:794px;display:inline;\">\u00a0</div>\n<div class=\"t s3_209\" id=\"t14_209\" style=\"left:78px;bottom:776px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Other plans </div><div class=\"t s5_209\" id=\"t15_209\" style=\"left:754px;bottom:776px;letter-spacing:-0.36px;display:inline;\">(52) </div><div class=\"t s3_209\" id=\"t16_209\" style=\"left:843px;bottom:776px;letter-spacing:-0.42px;display:inline;\">(91) </div>\n<div class=\"t s3_209\" id=\"t17_209\" style=\"left:78px;bottom:757px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Retirement healthcare </div><div class=\"t s5_209\" id=\"t18_209\" style=\"left:753px;bottom:757px;letter-spacing:-0.28px;display:inline;\">(10) </div><div class=\"t s3_209\" id=\"t19_209\" style=\"left:842px;bottom:757px;letter-spacing:-0.21px;display:inline;\">(13) </div>\n<div class=\"t s5_209\" id=\"t1a_209\" style=\"left:758px;bottom:739px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t s3_209\" id=\"t1b_209\" style=\"left:846px;bottom:739px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t s3_209\" id=\"t1c_209\" style=\"left:65px;bottom:720px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 liability </div><div class=\"t s5_209\" id=\"t1d_209\" style=\"left:753px;bottom:720px;letter-spacing:-0.14px;display:inline;\">(70) </div><div class=\"t s3_209\" id=\"t1e_209\" style=\"left:835px;bottom:720px;letter-spacing:-0.18px;display:inline;\">(127) </div>\n<div class=\"t s3_209\" id=\"t1f_209\" style=\"left:65px;bottom:702px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 asset </div><div class=\"t s5_209\" id=\"t1g_209\" style=\"left:750px;bottom:702px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t s3_209\" id=\"t1h_209\" style=\"left:839px;bottom:702px;letter-spacing:-0.42px;display:inline;\">182 </div>\n<div class=\"t s3_209\" id=\"t1i_209\" style=\"left:65px;bottom:673px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t pension plans for its employees or former employees in 14 countries and these are established </div>\n<div class=\"t s3_209\" id=\"t1j_209\" style=\"left:65px;bottom:658px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">under the laws of the relevant country. Funded plans are funded by the payment of contributions and the assets are held by separate </div>\n<div class=\"t s3_209\" id=\"t1k_209\" style=\"left:65px;bottom:642px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">trust funds or insurance companies. The provision of retirement and related bene\ufb01ts across the Group is kept under regular review. </div>\n<div class=\"t s3_209\" id=\"t1l_209\" style=\"left:65px;bottom:627px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Employees\u2019 retirement bene\ufb01ts are the subject of regular management review. The Group\u2019s de\ufb01ned bene\ufb01t plans provide employees </div>\n<div class=\"t s3_209\" id=\"t1m_209\" style=\"left:65px;bottom:612px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">with an entitlement to retirement bene\ufb01ts varying between 1.3% and 66.7% of \ufb01nal salary on attainment of retirement age. The level </div>\n<div class=\"t s3_209\" id=\"t1n_209\" style=\"left:65px;bottom:597px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of\u00a0entitlement is dependent on the years of service of the employee. </div>\n<div class=\"t s3_209\" id=\"t1o_209\" style=\"left:65px;bottom:573px;letter-spacing:0.04px;word-spacing:-0.07px;display:inline;\">The Group\u2019s two major de\ufb01ned bene\ufb01t pension plans are in the UK and US. Both these plans were closed to new employees in 2003 </div>\n<div class=\"t s3_209\" id=\"t1p_209\" style=\"left:65px;bottom:557px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">and\u00a0de\ufb01ned contribution plans are o\ufb00ered to new joiners. The US and UK Plans were closed to future accrual in March 2014 and </div>\n<div class=\"t s3_209\" id=\"t1q_209\" style=\"left:65px;bottom:542px;letter-spacing:0.04px;display:inline;\">December 2016 respectively. </div>\n<div class=\"t s3_209\" id=\"t1r_209\" style=\"left:65px;bottom:518px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The UK Plan operates under trust law and responsibility for its governance lies with a Board of Trustees. This Board is composed of </div>\n<div class=\"t s3_209\" id=\"t1s_209\" style=\"left:65px;bottom:503px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">representatives of the Group, plan participants and an independent trustee, who act on behalf of members in accordance with the </div>\n<div class=\"t s3_209\" id=\"t1t_209\" style=\"left:65px;bottom:488px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">terms\u00a0of\u00a0the Trust Deed and Rules and relevant legislation. The UK Plan\u2019s assets are held by the trust. Annual increases on bene\ufb01ts </div>\n<div class=\"t s3_209\" id=\"t1u_209\" style=\"left:65px;bottom:472px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">in\u00a0payment are\u00a0dependent on in\ufb02ation. </div>\n<div class=\"t s3_209\" id=\"t1v_209\" style=\"left:65px;bottom:448px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The 2018 and 2020 court cases in relation to Guaranteed Minimum Pensions do not impact the UK Plan as members were not </div>\n<div class=\"t s3_209\" id=\"t1w_209\" style=\"left:65px;bottom:433px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">contracted out of\u00a0the State Earnings-Related Pension Scheme (SERPS) between 1990 and 1997. </div>\n<div class=\"t s3_209\" id=\"t1x_209\" style=\"left:65px;bottom:409px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">The US Plan is governed by a US Pension Committee which comprises representatives of the Group. In the US, the Pension Protection </div>\n<div class=\"t s3_209\" id=\"t1y_209\" style=\"left:65px;bottom:394px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Act (2006) established both a minimum required contribution and a maximum deductible contribution. Failure to contribute at least </div>\n<div class=\"t s3_209\" id=\"t1z_209\" style=\"left:65px;bottom:379px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">the\u00a0minimum required amount will subject the Company to signi\ufb01cant penalties, and contributions in excess of the maximum deductible </div>\n<div class=\"t s3_209\" id=\"t20_209\" style=\"left:65px;bottom:363px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">have negative tax consequences. The minimum funding requirement is intended to fully fund the present value of accrued bene\ufb01ts </div>\n<div class=\"t s3_209\" id=\"t21_209\" style=\"left:65px;bottom:348px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">over\u00a0seven years. </div>\n<div class=\"t s3_209\" id=\"t22_209\" style=\"left:65px;bottom:324px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">In October 2022, US Pension plan members were noti\ufb01ed that Smith &amp; Nephew Inc. would begin the termination process for the plan. </div>\n<div class=\"t s3_209\" id=\"t23_209\" style=\"left:65px;bottom:309px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">This process is expected to be \ufb01nalised by\u00a0late 2023 or early 2024 with no impact in 2022. </div>\n<div class=\"t s3_209\" id=\"t24_209\" style=\"left:65px;bottom:285px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">There is no legislative minimum funding requirement in the UK. The Trust Deed of the UK Plan and the Plan Document of the US Plan </div>\n<div class=\"t s3_209\" id=\"t25_209\" style=\"left:65px;bottom:270px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">provide the Group with a right to a refund of surplus assets assuming the full settlement of plan liabilities in the event of a plan wind-up. </div>\n<div class=\"t s3_209\" id=\"t26_209\" style=\"left:65px;bottom:254px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Furthermore, in the ordinary course of business the UK Board of Trustees and US Pension Committee have no rights to unilaterally </div>\n<div class=\"t s3_209\" id=\"t27_209\" style=\"left:65px;bottom:239px;word-spacing:-0.11px;display:inline;\">wind up, or otherwise augment the bene\ufb01ts due to members of the plans. Based on these rights, any net surplus in the UK and US Plans </div>\n<div class=\"t s3_209\" id=\"t28_209\" style=\"left:65px;bottom:224px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">is\u00a0recognised in full. </div>\n<div class=\"t s6_209\" id=\"t29_209\" style=\"left:830px;bottom:11px;letter-spacing:-1.11px;display:inline;\">207 </div><div class=\"t s7_209\" id=\"t2a_209\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_209\" id=\"t2b_209\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_209\" id=\"t2c_209\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_209\" id=\"t2d_209\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_209\" id=\"t2e_209\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_209\" id=\"t2f_209\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_210\" id=\"t1_210\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_210\" id=\"t2_210\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_210\" id=\"t3_210\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_210\" id=\"t4_210\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_210\" id=\"t5_210\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_210\" id=\"t6_210\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_210\" id=\"t7_210\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_210\" id=\"t8_210\" style=\"left:43px;bottom:938px;letter-spacing:-0.3px;display:inline;\">18.2 </div><div class=\"t s9_210\" id=\"t9_210\" style=\"left:75px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Reconciliation of retirement bene\ufb01t obligations and pension assets </div>\n<div class=\"t sa_210\" id=\"ta_210\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The movement in the Group\u2019s pension bene\ufb01t obligation and pension assets is as follows: </div>\n<div class=\"t sb_210\" id=\"tb_210\" style=\"left:553px;bottom:899px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_210\" id=\"tc_210\" style=\"left:813px;bottom:899px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t sb_210\" id=\"td_210\" style=\"left:844px;bottom:894px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"te_210\" style=\"left:325px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tf_210\" style=\"left:327px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tg_210\" style=\"left:356px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"th_210\" style=\"left:414px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ti_210\" style=\"left:465px;bottom:882px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"tj_210\" style=\"left:500px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tk_210\" style=\"left:555px;bottom:882px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"tl_210\" style=\"left:587px;bottom:882px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tm_210\" style=\"left:616px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Obligation </div><div class=\"t sb_210\" id=\"tn_210\" style=\"left:725px;bottom:882px;letter-spacing:-0.08px;display:inline;\">Asset </div><div class=\"t sb_210\" id=\"to_210\" style=\"left:815px;bottom:882px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t sb_210\" id=\"tp_210\" style=\"left:325px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tq_210\" style=\"left:327px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tr_210\" style=\"left:329px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ts_210\" style=\"left:332px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tt_210\" style=\"left:334px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tu_210\" style=\"left:365px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"tv_210\" style=\"left:411px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tw_210\" style=\"left:414px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tx_210\" style=\"left:416px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ty_210\" style=\"left:418px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tz_210\" style=\"left:452px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t10_210\" style=\"left:498px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t11_210\" style=\"left:500px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t12_210\" style=\"left:503px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t13_210\" style=\"left:505px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t14_210\" style=\"left:538px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t15_210\" style=\"left:585px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t16_210\" style=\"left:587px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t17_210\" style=\"left:589px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t18_210\" style=\"left:592px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t19_210\" style=\"left:625px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1a_210\" style=\"left:671px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1b_210\" style=\"left:674px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1c_210\" style=\"left:676px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1d_210\" style=\"left:678px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1e_210\" style=\"left:711px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1f_210\" style=\"left:758px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1g_210\" style=\"left:760px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1h_210\" style=\"left:763px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1i_210\" style=\"left:765px;bottom:870px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t1j_210\" style=\"left:798px;bottom:870px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t1k_210\" style=\"left:844px;bottom:870px;display:inline;\">\u00a0</div>\n<div class=\"t sc_210\" id=\"t1l_210\" style=\"left:43px;bottom:851px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Amounts recognised on the balance sheet at </div>\n<div class=\"t sc_210\" id=\"t1m_210\" style=\"left:43px;bottom:837px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">beginning of the period </div><div class=\"t sa_210\" id=\"t1n_210\" style=\"left:325px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t1o_210\" style=\"left:365px;bottom:837px;letter-spacing:-0.14px;display:inline;\">(1,582)\u00a0</div><div class=\"t sd_210\" id=\"t1p_210\" style=\"left:457px;bottom:837px;letter-spacing:-0.14px;display:inline;\">1,637 </div><div class=\"t sd_210\" id=\"t1q_210\" style=\"left:563px;bottom:837px;letter-spacing:-0.41px;display:inline;\">55 </div><div class=\"t sa_210\" id=\"t1r_210\" style=\"left:585px;bottom:837px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1s_210\" style=\"left:631px;bottom:837px;letter-spacing:-0.38px;display:inline;\">(1,714)\u00a0</div><div class=\"t sa_210\" id=\"t1t_210\" style=\"left:719px;bottom:837px;letter-spacing:-0.04px;display:inline;\">1,684 </div><div class=\"t sa_210\" id=\"t1u_210\" style=\"left:820px;bottom:837px;letter-spacing:-0.02px;display:inline;\">(30) </div>\n<div class=\"t sa_210\" id=\"t1v_210\" style=\"left:43px;bottom:818px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Income statement expense: </div><div class=\"t sa_210\" id=\"t1w_210\" style=\"left:325px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1x_210\" style=\"left:655px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1y_210\" style=\"left:658px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t1z_210\" style=\"left:671px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t20_210\" style=\"left:742px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t21_210\" style=\"left:745px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t22_210\" style=\"left:758px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t23_210\" style=\"left:828px;bottom:818px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t24_210\" style=\"left:831px;bottom:818px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t25_210\" style=\"left:43px;bottom:800px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Current service cost </div><div class=\"t sa_210\" id=\"t26_210\" style=\"left:325px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t27_210\" style=\"left:394px;bottom:800px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sd_210\" id=\"t28_210\" style=\"left:486px;bottom:800px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t29_210\" style=\"left:567px;bottom:800px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sa_210\" id=\"t2a_210\" style=\"left:588px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2b_210\" style=\"left:648px;bottom:800px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t sa_210\" id=\"t2c_210\" style=\"left:745px;bottom:800px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2d_210\" style=\"left:761px;bottom:800px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2e_210\" style=\"left:821px;bottom:800px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t sa_210\" id=\"t2f_210\" style=\"left:43px;bottom:781px;letter-spacing:0.19px;word-spacing:-0.16px;display:inline;\">Past service credit </div><div class=\"t sa_210\" id=\"t2g_210\" style=\"left:325px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t2h_210\" style=\"left:399px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t2i_210\" style=\"left:486px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t2j_210\" style=\"left:572px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2k_210\" style=\"left:588px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2l_210\" style=\"left:656px;bottom:781px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_210\" id=\"t2m_210\" style=\"left:745px;bottom:781px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2n_210\" style=\"left:761px;bottom:781px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t2o_210\" style=\"left:829px;bottom:781px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t sa_210\" id=\"t2p_210\" style=\"left:43px;bottom:763px;letter-spacing:0.2px;display:inline;\">Settlements </div><div class=\"t sd_210\" id=\"t2q_210\" style=\"left:398px;bottom:763px;display:inline;\">4 </div><div class=\"t sd_210\" id=\"t2r_210\" style=\"left:480px;bottom:763px;letter-spacing:-0.43px;display:inline;\">(4) </div><div class=\"t sd_210\" id=\"t2s_210\" style=\"left:576px;bottom:763px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t2t_210\" style=\"left:659px;bottom:763px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t2u_210\" style=\"left:742px;bottom:763px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_210\" id=\"t2v_210\" style=\"left:832px;bottom:763px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t2w_210\" style=\"left:43px;bottom:745px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Interest (expense)/income </div><div class=\"t sa_210\" id=\"t2x_210\" style=\"left:325px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t2y_210\" style=\"left:385px;bottom:745px;letter-spacing:-0.21px;display:inline;\">(29) </div><div class=\"t sd_210\" id=\"t2z_210\" style=\"left:476px;bottom:745px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sd_210\" id=\"t30_210\" style=\"left:572px;bottom:745px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t31_210\" style=\"left:588px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t32_210\" style=\"left:647px;bottom:745px;letter-spacing:-0.05px;display:inline;\">(25) </div><div class=\"t sa_210\" id=\"t33_210\" style=\"left:738px;bottom:745px;letter-spacing:-0.3px;display:inline;\">25 </div><div class=\"t sa_210\" id=\"t34_210\" style=\"left:761px;bottom:745px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t35_210\" style=\"left:832px;bottom:745px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t36_210\" style=\"left:43px;bottom:726px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Administration costs and taxes </div><div class=\"t sd_210\" id=\"t37_210\" style=\"left:393px;bottom:726px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sd_210\" id=\"t38_210\" style=\"left:486px;bottom:726px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t39_210\" style=\"left:567px;bottom:726px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t3a_210\" style=\"left:588px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3b_210\" style=\"left:655px;bottom:726px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t3c_210\" style=\"left:745px;bottom:726px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t3d_210\" style=\"left:761px;bottom:726px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3e_210\" style=\"left:828px;bottom:726px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t sc_210\" id=\"t3f_210\" style=\"left:43px;bottom:708px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Costs recognised in income statement </div><div class=\"t sa_210\" id=\"t3g_210\" style=\"left:325px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3h_210\" style=\"left:385px;bottom:708px;letter-spacing:-0.16px;display:inline;\">(37) </div><div class=\"t sd_210\" id=\"t3i_210\" style=\"left:414px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3j_210\" style=\"left:477px;bottom:708px;letter-spacing:-0.37px;display:inline;\">26 </div><div class=\"t sd_210\" id=\"t3k_210\" style=\"left:501px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3l_210\" style=\"left:559px;bottom:708px;letter-spacing:-0.52px;display:inline;\">(11) </div><div class=\"t sa_210\" id=\"t3m_210\" style=\"left:588px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3n_210\" style=\"left:648px;bottom:708px;letter-spacing:-0.25px;display:inline;\">(40) </div><div class=\"t sa_210\" id=\"t3o_210\" style=\"left:674px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3p_210\" style=\"left:738px;bottom:708px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"t3q_210\" style=\"left:761px;bottom:708px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t3r_210\" style=\"left:821px;bottom:708px;letter-spacing:-0.26px;display:inline;\">(16) </div>\n<div class=\"t sa_210\" id=\"t3s_210\" style=\"left:43px;bottom:689px;letter-spacing:0.19px;display:inline;\">Remeasurements: </div><div class=\"t sa_210\" id=\"t3t_210\" style=\"left:325px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3u_210\" style=\"left:399px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3v_210\" style=\"left:402px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3w_210\" style=\"left:414px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3x_210\" style=\"left:486px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3y_210\" style=\"left:489px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t3z_210\" style=\"left:501px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t40_210\" style=\"left:572px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t41_210\" style=\"left:575px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t42_210\" style=\"left:588px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t43_210\" style=\"left:655px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t44_210\" style=\"left:658px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t45_210\" style=\"left:674px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t46_210\" style=\"left:742px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t47_210\" style=\"left:745px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t48_210\" style=\"left:761px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t49_210\" style=\"left:828px;bottom:689px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4a_210\" style=\"left:831px;bottom:689px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t4b_210\" style=\"left:43px;bottom:671px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">Actuarial (loss)/gain due to liability experience </div><div class=\"t sa_210\" id=\"t4c_210\" style=\"left:325px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t4d_210\" style=\"left:385px;bottom:671px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t sd_210\" id=\"t4e_210\" style=\"left:486px;bottom:671px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4f_210\" style=\"left:559px;bottom:671px;letter-spacing:-0.33px;display:inline;\">(43) </div><div class=\"t sa_210\" id=\"t4g_210\" style=\"left:588px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4h_210\" style=\"left:659px;bottom:671px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t4i_210\" style=\"left:745px;bottom:671px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t4j_210\" style=\"left:761px;bottom:671px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4k_210\" style=\"left:832px;bottom:671px;display:inline;\">2 </div>\n<div class=\"t sa_210\" id=\"t4l_210\" style=\"left:43px;bottom:652px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Actuarial gain due to \ufb01nancial assumptions </div>\n<div class=\"t sa_210\" id=\"t4m_210\" style=\"left:43px;bottom:639px;letter-spacing:0.16px;display:inline;\">change </div><div class=\"t sa_210\" id=\"t4n_210\" style=\"left:325px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t4o_210\" style=\"left:382px;bottom:639px;letter-spacing:-0.18px;display:inline;\">503 </div><div class=\"t sd_210\" id=\"t4p_210\" style=\"left:486px;bottom:639px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4q_210\" style=\"left:555px;bottom:639px;letter-spacing:-0.18px;display:inline;\">503 </div><div class=\"t sa_210\" id=\"t4r_210\" style=\"left:587px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4s_210\" style=\"left:651px;bottom:639px;letter-spacing:-0.3px;display:inline;\">43 </div><div class=\"t sa_210\" id=\"t4t_210\" style=\"left:745px;bottom:639px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t4u_210\" style=\"left:761px;bottom:639px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t4v_210\" style=\"left:824px;bottom:639px;letter-spacing:-0.3px;display:inline;\">43 </div>\n<div class=\"t sa_210\" id=\"t4w_210\" style=\"left:43px;bottom:620px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Actuarial gain due to demographic assumptions\u00a0</div><div class=\"t sd_210\" id=\"t4x_210\" style=\"left:398px;bottom:620px;display:inline;\">1 </div><div class=\"t sd_210\" id=\"t4y_210\" style=\"left:486px;bottom:620px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t4z_210\" style=\"left:571px;bottom:620px;display:inline;\">1 </div><div class=\"t sa_210\" id=\"t50_210\" style=\"left:587px;bottom:620px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t51_210\" style=\"left:651px;bottom:620px;letter-spacing:-0.3px;display:inline;\">25 </div><div class=\"t sa_210\" id=\"t52_210\" style=\"left:745px;bottom:620px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t53_210\" style=\"left:761px;bottom:620px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t54_210\" style=\"left:824px;bottom:620px;letter-spacing:-0.3px;display:inline;\">25 </div>\n<div class=\"t sa_210\" id=\"t55_210\" style=\"left:43px;bottom:602px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Return on plan assets (less)/greater than </div>\n<div class=\"t sa_210\" id=\"t56_210\" style=\"left:43px;bottom:588px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">discount rate </div><div class=\"t sa_210\" id=\"t57_210\" style=\"left:325px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t58_210\" style=\"left:399px;bottom:588px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t59_210\" style=\"left:464px;bottom:588px;letter-spacing:-0.47px;display:inline;\">(431) </div><div class=\"t sd_210\" id=\"t5a_210\" style=\"left:551px;bottom:588px;letter-spacing:-0.47px;display:inline;\">(431) </div><div class=\"t sa_210\" id=\"t5b_210\" style=\"left:587px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5c_210\" style=\"left:658px;bottom:588px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t5d_210\" style=\"left:745px;bottom:588px;display:inline;\">9 </div><div class=\"t sa_210\" id=\"t5e_210\" style=\"left:761px;bottom:588px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5f_210\" style=\"left:832px;bottom:588px;display:inline;\">9 </div>\n<div class=\"t sc_210\" id=\"t5g_210\" style=\"left:43px;bottom:570px;letter-spacing:0.18px;word-spacing:-0.12px;display:inline;\">Remeasurements recognised in OCI </div><div class=\"t sa_210\" id=\"t5h_210\" style=\"left:325px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5i_210\" style=\"left:386px;bottom:570px;letter-spacing:-0.31px;display:inline;\">461 </div><div class=\"t sd_210\" id=\"t5j_210\" style=\"left:414px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5k_210\" style=\"left:464px;bottom:570px;letter-spacing:-0.5px;display:inline;\">(431) </div><div class=\"t sd_210\" id=\"t5l_210\" style=\"left:501px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5m_210\" style=\"left:563px;bottom:570px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t sa_210\" id=\"t5n_210\" style=\"left:587px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5o_210\" style=\"left:651px;bottom:570px;letter-spacing:-0.51px;display:inline;\">70 </div><div class=\"t sa_210\" id=\"t5p_210\" style=\"left:674px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5q_210\" style=\"left:745px;bottom:570px;display:inline;\">9 </div><div class=\"t sa_210\" id=\"t5r_210\" style=\"left:761px;bottom:570px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t5s_210\" style=\"left:824px;bottom:570px;letter-spacing:-0.31px;display:inline;\">79 </div>\n<div class=\"t sa_210\" id=\"t5t_210\" style=\"left:43px;bottom:551px;letter-spacing:0.23px;display:inline;\">Cash: </div><div class=\"t sa_210\" id=\"t5u_210\" style=\"left:325px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5v_210\" style=\"left:399px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5w_210\" style=\"left:402px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5x_210\" style=\"left:414px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5y_210\" style=\"left:486px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t5z_210\" style=\"left:489px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t60_210\" style=\"left:501px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t61_210\" style=\"left:572px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t62_210\" style=\"left:575px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t63_210\" style=\"left:587px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t64_210\" style=\"left:655px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t65_210\" style=\"left:658px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t66_210\" style=\"left:674px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t67_210\" style=\"left:742px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t68_210\" style=\"left:744px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t69_210\" style=\"left:761px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6a_210\" style=\"left:828px;bottom:551px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6b_210\" style=\"left:831px;bottom:551px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"t6c_210\" style=\"left:43px;bottom:533px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Employer contributions </div><div class=\"t sa_210\" id=\"t6d_210\" style=\"left:325px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6e_210\" style=\"left:399px;bottom:533px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t6f_210\" style=\"left:485px;bottom:533px;display:inline;\">6 </div><div class=\"t sd_210\" id=\"t6g_210\" style=\"left:571px;bottom:533px;display:inline;\">6 </div><div class=\"t sa_210\" id=\"t6h_210\" style=\"left:587px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6i_210\" style=\"left:658px;bottom:533px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t6j_210\" style=\"left:738px;bottom:533px;letter-spacing:-0.74px;display:inline;\">14 </div><div class=\"t sa_210\" id=\"t6k_210\" style=\"left:761px;bottom:533px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6l_210\" style=\"left:825px;bottom:533px;letter-spacing:-0.74px;display:inline;\">14 </div>\n<div class=\"t sa_210\" id=\"t6m_210\" style=\"left:43px;bottom:514px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Employee contributions </div><div class=\"t sa_210\" id=\"t6n_210\" style=\"left:325px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6o_210\" style=\"left:393px;bottom:514px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sd_210\" id=\"t6p_210\" style=\"left:485px;bottom:514px;display:inline;\">3 </div><div class=\"t sd_210\" id=\"t6q_210\" style=\"left:572px;bottom:514px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t6r_210\" style=\"left:587px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6s_210\" style=\"left:655px;bottom:514px;letter-spacing:-0.07px;display:inline;\">(3) </div><div class=\"t sa_210\" id=\"t6t_210\" style=\"left:745px;bottom:514px;display:inline;\">3 </div><div class=\"t sa_210\" id=\"t6u_210\" style=\"left:761px;bottom:514px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t6v_210\" style=\"left:831px;bottom:514px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t6w_210\" style=\"left:43px;bottom:496px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Bene\ufb01ts paid directly by the Group </div><div class=\"t sa_210\" id=\"t6x_210\" style=\"left:325px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t6y_210\" style=\"left:398px;bottom:496px;display:inline;\">2 </div><div class=\"t sd_210\" id=\"t6z_210\" style=\"left:485px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t sd_210\" id=\"t70_210\" style=\"left:571px;bottom:496px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t71_210\" style=\"left:587px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t72_210\" style=\"left:659px;bottom:496px;display:inline;\">2 </div><div class=\"t sa_210\" id=\"t73_210\" style=\"left:745px;bottom:496px;display:inline;\">\u2013 </div><div class=\"t sa_210\" id=\"t74_210\" style=\"left:761px;bottom:496px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t75_210\" style=\"left:832px;bottom:496px;display:inline;\">2 </div>\n<div class=\"t sa_210\" id=\"t76_210\" style=\"left:43px;bottom:477px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">Bene\ufb01ts paid, taxes and administration costs </div>\n<div class=\"t sa_210\" id=\"t77_210\" style=\"left:43px;bottom:464px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">paid from scheme assets </div><div class=\"t sa_210\" id=\"t78_210\" style=\"left:325px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t79_210\" style=\"left:390px;bottom:464px;letter-spacing:-0.5px;display:inline;\">81 </div><div class=\"t sd_210\" id=\"t7a_210\" style=\"left:472px;bottom:464px;letter-spacing:-0.22px;display:inline;\">(83) </div><div class=\"t sd_210\" id=\"t7b_210\" style=\"left:567px;bottom:464px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sa_210\" id=\"t7c_210\" style=\"left:587px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7d_210\" style=\"left:651px;bottom:464px;letter-spacing:-0.31px;display:inline;\">79 </div><div class=\"t sa_210\" id=\"t7e_210\" style=\"left:733px;bottom:464px;letter-spacing:-0.08px;display:inline;\">(79) </div><div class=\"t sa_210\" id=\"t7f_210\" style=\"left:761px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7g_210\" style=\"left:831px;bottom:464px;display:inline;\">\u2013 </div>\n<div class=\"t sa_210\" id=\"t7h_210\" style=\"left:43px;bottom:445px;letter-spacing:0.2px;word-spacing:-0.15px;display:inline;\">Net cash </div><div class=\"t sa_210\" id=\"t7i_210\" style=\"left:325px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7j_210\" style=\"left:390px;bottom:445px;letter-spacing:0.05px;display:inline;\">80 </div><div class=\"t sd_210\" id=\"t7k_210\" style=\"left:414px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7l_210\" style=\"left:472px;bottom:445px;letter-spacing:-0.45px;display:inline;\">(74) </div><div class=\"t sd_210\" id=\"t7m_210\" style=\"left:501px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7n_210\" style=\"left:571px;bottom:445px;display:inline;\">6 </div><div class=\"t sa_210\" id=\"t7o_210\" style=\"left:587px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7p_210\" style=\"left:651px;bottom:445px;letter-spacing:-0.43px;display:inline;\">78 </div><div class=\"t sa_210\" id=\"t7q_210\" style=\"left:674px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7r_210\" style=\"left:734px;bottom:445px;letter-spacing:-0.36px;display:inline;\">(62) </div><div class=\"t sa_210\" id=\"t7s_210\" style=\"left:761px;bottom:445px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t7t_210\" style=\"left:825px;bottom:445px;letter-spacing:-0.7px;display:inline;\">16 </div>\n<div class=\"t sa_210\" id=\"t7u_210\" style=\"left:43px;bottom:408px;letter-spacing:0.17px;word-spacing:-0.1px;display:inline;\">Exchange movements </div><div class=\"t sa_210\" id=\"t7v_210\" style=\"left:325px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t7w_210\" style=\"left:390px;bottom:408px;letter-spacing:-0.06px;display:inline;\">94 </div><div class=\"t sd_210\" id=\"t7x_210\" style=\"left:464px;bottom:408px;letter-spacing:-0.3px;display:inline;\">(103) </div><div class=\"t sd_210\" id=\"t7y_210\" style=\"left:567px;bottom:408px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t sa_210\" id=\"t7z_210\" style=\"left:587px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t80_210\" style=\"left:651px;bottom:408px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"t81_210\" style=\"left:734px;bottom:408px;letter-spacing:-0.29px;display:inline;\">(18) </div><div class=\"t sa_210\" id=\"t82_210\" style=\"left:761px;bottom:408px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t83_210\" style=\"left:832px;bottom:408px;display:inline;\">6 </div>\n<div class=\"t sa_210\" id=\"t84_210\" style=\"left:43px;bottom:390px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet </div><div class=\"t sa_210\" id=\"t85_210\" style=\"left:325px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t86_210\" style=\"left:376px;bottom:390px;letter-spacing:-0.14px;display:inline;\">(984) </div><div class=\"t sd_210\" id=\"t87_210\" style=\"left:414px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t88_210\" style=\"left:456px;bottom:390px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t sd_210\" id=\"t89_210\" style=\"left:501px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8a_210\" style=\"left:563px;bottom:390px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t sa_210\" id=\"t8b_210\" style=\"left:587px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8c_210\" style=\"left:629px;bottom:390px;letter-spacing:-0.17px;display:inline;\">(1,582) </div><div class=\"t sa_210\" id=\"t8d_210\" style=\"left:674px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8e_210\" style=\"left:720px;bottom:390px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t sa_210\" id=\"t8f_210\" style=\"left:761px;bottom:390px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8g_210\" style=\"left:824px;bottom:390px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t sa_210\" id=\"t8h_210\" style=\"left:43px;bottom:371px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 </div>\n<div class=\"t sa_210\" id=\"t8i_210\" style=\"left:43px;bottom:358px;letter-spacing:0.16px;display:inline;\">liability </div><div class=\"t sa_210\" id=\"t8j_210\" style=\"left:325px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8k_210\" style=\"left:377px;bottom:358px;letter-spacing:-0.26px;display:inline;\">(194) </div><div class=\"t sd_210\" id=\"t8l_210\" style=\"left:472px;bottom:358px;letter-spacing:-0.39px;display:inline;\">124 </div><div class=\"t sd_210\" id=\"t8m_210\" style=\"left:558px;bottom:358px;letter-spacing:-0.14px;display:inline;\">(70) </div><div class=\"t sa_210\" id=\"t8n_210\" style=\"left:587px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8o_210\" style=\"left:640px;bottom:358px;letter-spacing:-0.37px;display:inline;\">(271) </div><div class=\"t sa_210\" id=\"t8p_210\" style=\"left:730px;bottom:358px;letter-spacing:-0.28px;display:inline;\">144 </div><div class=\"t sa_210\" id=\"t8q_210\" style=\"left:761px;bottom:358px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8r_210\" style=\"left:813px;bottom:358px;letter-spacing:-0.18px;display:inline;\">(127) </div>\n<div class=\"t sa_210\" id=\"t8s_210\" style=\"left:43px;bottom:339px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Amount recognised on the balance sheet\u00a0\u2013 </div>\n<div class=\"t sa_210\" id=\"t8t_210\" style=\"left:43px;bottom:326px;letter-spacing:0.22px;display:inline;\">asset </div><div class=\"t sa_210\" id=\"t8u_210\" style=\"left:325px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sd_210\" id=\"t8v_210\" style=\"left:376px;bottom:326px;letter-spacing:-0.06px;display:inline;\">(790) </div><div class=\"t sd_210\" id=\"t8w_210\" style=\"left:469px;bottom:326px;letter-spacing:-0.47px;display:inline;\">931 </div><div class=\"t sd_210\" id=\"t8x_210\" style=\"left:555px;bottom:326px;letter-spacing:-0.44px;display:inline;\">141 </div><div class=\"t sa_210\" id=\"t8y_210\" style=\"left:587px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t8z_210\" style=\"left:630px;bottom:326px;letter-spacing:-0.3px;display:inline;\">(1,311) </div><div class=\"t sa_210\" id=\"t90_210\" style=\"left:720px;bottom:326px;letter-spacing:-0.26px;display:inline;\">1,493 </div><div class=\"t sa_210\" id=\"t91_210\" style=\"left:761px;bottom:326px;display:inline;\">\u00a0</div><div class=\"t sa_210\" id=\"t92_210\" style=\"left:817px;bottom:326px;letter-spacing:-0.42px;display:inline;\">182 </div>\n<div class=\"t sa_210\" id=\"t93_210\" style=\"left:43px;bottom:297px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">Represented by: </div>\n<div class=\"t sb_210\" id=\"t94_210\" style=\"left:553px;bottom:271px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sb_210\" id=\"t95_210\" style=\"left:813px;bottom:271px;letter-spacing:-0.56px;display:inline;\">2021 </div>\n<div class=\"t sb_210\" id=\"t96_210\" style=\"left:844px;bottom:267px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"t97_210\" style=\"left:325px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t98_210\" style=\"left:327px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t99_210\" style=\"left:356px;bottom:254px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"t9a_210\" style=\"left:414px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9b_210\" style=\"left:465px;bottom:254px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"t9c_210\" style=\"left:500px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9d_210\" style=\"left:555px;bottom:254px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"t9e_210\" style=\"left:587px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9f_210\" style=\"left:616px;bottom:254px;letter-spacing:-0.08px;display:inline;\">Obligation\u00a0</div><div class=\"t sb_210\" id=\"t9g_210\" style=\"left:674px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9h_210\" style=\"left:725px;bottom:254px;letter-spacing:-0.07px;display:inline;\">Asset\u00a0</div><div class=\"t sb_210\" id=\"t9i_210\" style=\"left:760px;bottom:254px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9j_210\" style=\"left:815px;bottom:254px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div><div class=\"t sb_210\" id=\"t9k_210\" style=\"left:847px;bottom:254px;display:inline;\">\u00a0</div>\n<div class=\"t sb_210\" id=\"t9l_210\" style=\"left:325px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9m_210\" style=\"left:327px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9n_210\" style=\"left:329px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9o_210\" style=\"left:332px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9p_210\" style=\"left:365px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t9q_210\" style=\"left:411px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9r_210\" style=\"left:414px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9s_210\" style=\"left:416px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9t_210\" style=\"left:418px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9u_210\" style=\"left:452px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"t9v_210\" style=\"left:498px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9w_210\" style=\"left:500px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9x_210\" style=\"left:503px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9y_210\" style=\"left:505px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"t9z_210\" style=\"left:538px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"ta0_210\" style=\"left:585px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta1_210\" style=\"left:587px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta2_210\" style=\"left:589px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta3_210\" style=\"left:592px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta4_210\" style=\"left:625px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"ta5_210\" style=\"left:671px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta6_210\" style=\"left:674px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta7_210\" style=\"left:676px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta8_210\" style=\"left:678px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"ta9_210\" style=\"left:711px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"taa_210\" style=\"left:758px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tab_210\" style=\"left:760px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tac_210\" style=\"left:763px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tad_210\" style=\"left:765px;bottom:242px;display:inline;\">\u00a0</div><div class=\"t sb_210\" id=\"tae_210\" style=\"left:798px;bottom:242px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sb_210\" id=\"taf_210\" style=\"left:844px;bottom:242px;display:inline;\">\u00a0</div>\n<div class=\"t sa_210\" id=\"tag_210\" style=\"left:43px;bottom:223px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div><div class=\"t sd_210\" id=\"tah_210\" style=\"left:377px;bottom:223px;letter-spacing:-0.24px;display:inline;\">(438) </div><div class=\"t sd_210\" id=\"tai_210\" style=\"left:469px;bottom:223px;letter-spacing:-0.48px;display:inline;\">552 </div><div class=\"t sd_210\" id=\"taj_210\" style=\"left:556px;bottom:223px;letter-spacing:-0.49px;display:inline;\">114 </div><div class=\"t sa_210\" id=\"tak_210\" style=\"left:640px;bottom:223px;letter-spacing:-0.33px;display:inline;\">(819) </div><div class=\"t sa_210\" id=\"tal_210\" style=\"left:730px;bottom:223px;letter-spacing:-0.21px;display:inline;\">956 </div><div class=\"t sa_210\" id=\"tam_210\" style=\"left:817px;bottom:223px;letter-spacing:-0.34px;display:inline;\">137 </div>\n<div class=\"t sa_210\" id=\"tan_210\" style=\"left:43px;bottom:204px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">US Plan </div><div class=\"t sd_210\" id=\"tao_210\" style=\"left:377px;bottom:204px;letter-spacing:-0.14px;display:inline;\">(336) </div><div class=\"t sd_210\" id=\"tap_210\" style=\"left:468px;bottom:204px;letter-spacing:-0.11px;display:inline;\">360 </div><div class=\"t sd_210\" id=\"taq_210\" style=\"left:563px;bottom:204px;letter-spacing:-0.36px;display:inline;\">24 </div><div class=\"t sa_210\" id=\"tar_210\" style=\"left:640px;bottom:204px;letter-spacing:-0.24px;display:inline;\">(463) </div><div class=\"t sa_210\" id=\"tas_210\" style=\"left:730px;bottom:204px;letter-spacing:-0.25px;display:inline;\">503 </div><div class=\"t sa_210\" id=\"tat_210\" style=\"left:824px;bottom:204px;letter-spacing:0.11px;display:inline;\">40 </div>\n<div class=\"t sa_210\" id=\"tau_210\" style=\"left:43px;bottom:186px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Other Plans </div><div class=\"t sd_210\" id=\"tav_210\" style=\"left:377px;bottom:186px;letter-spacing:-0.31px;display:inline;\">(210) </div><div class=\"t sd_210\" id=\"taw_210\" style=\"left:468px;bottom:186px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t sd_210\" id=\"tax_210\" style=\"left:558px;bottom:186px;letter-spacing:-0.2px;display:inline;\">(67) </div><div class=\"t sa_210\" id=\"tay_210\" style=\"left:639px;bottom:186px;letter-spacing:0.05px;display:inline;\">(300) </div><div class=\"t sa_210\" id=\"taz_210\" style=\"left:731px;bottom:186px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t sa_210\" id=\"tb0_210\" style=\"left:813px;bottom:186px;letter-spacing:-0.3px;display:inline;\">(122) </div>\n<div class=\"t sc_210\" id=\"tb1_210\" style=\"left:43px;bottom:167px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sd_210\" id=\"tb2_210\" style=\"left:377px;bottom:167px;letter-spacing:-0.11px;display:inline;\">(984) </div><div class=\"t sd_210\" id=\"tb3_210\" style=\"left:457px;bottom:167px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t sd_210\" id=\"tb4_210\" style=\"left:563px;bottom:167px;letter-spacing:-0.37px;display:inline;\">71 </div><div class=\"t sa_210\" id=\"tb5_210\" style=\"left:629px;bottom:167px;letter-spacing:-0.15px;display:inline;\">(1,582) </div><div class=\"t sa_210\" id=\"tb6_210\" style=\"left:720px;bottom:167px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t sa_210\" id=\"tb7_210\" style=\"left:825px;bottom:167px;letter-spacing:-0.4px;display:inline;\">55 </div>\n<div class=\"t sa_210\" id=\"tb8_210\" style=\"left:43px;bottom:139px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">The actuarial gain on obligation of $461m primarily relates to the increase in discount rates in 2022, which is partially o\ufb00set by an </div>\n<div class=\"t sa_210\" id=\"tb9_210\" style=\"left:43px;bottom:123px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">actuarial loss from the return on plan assets of $431m, which is due to investment returns being less than the discount rates. </div>\n<div class=\"t sa_210\" id=\"tba_210\" style=\"left:43px;bottom:99px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">All bene\ufb01ts are vested at the end of each reporting period. The weighted average duration of the de\ufb01ned bene\ufb01t obligation at the </div>\n<div class=\"t sa_210\" id=\"tbb_210\" style=\"left:43px;bottom:84px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">end\u00a0of\u00a0the reporting period is 14 years and 9 years for the UK and US Plans respectively. </div>\n<div class=\"t se_210\" id=\"tbc_210\" style=\"left:43px;bottom:11px;letter-spacing:-0.58px;display:inline;\">208 </div><div class=\"t sf_210\" id=\"tbd_210\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_210\" id=\"tbe_210\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_211\" id=\"t1_211\" style=\"left:65px;bottom:957px;letter-spacing:-0.26px;display:inline;\">18.3 </div><div class=\"t s2_211\" id=\"t2_211\" style=\"left:96px;bottom:957px;letter-spacing:-0.14px;word-spacing:-0.11px;display:inline;\">Plan assets </div>\n<div class=\"t s3_211\" id=\"t3_211\" style=\"left:65px;bottom:940px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The market value of the US, UK and Other Plans assets are as follows: </div>\n<div class=\"t s4_211\" id=\"t4_211\" style=\"left:606px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t5_211\" style=\"left:609px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t6_211\" style=\"left:662px;bottom:927px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t s4_211\" id=\"t7_211\" style=\"left:695px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"t8_211\" style=\"left:748px;bottom:927px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t s4_211\" id=\"t9_211\" style=\"left:782px;bottom:927px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"ta_211\" style=\"left:835px;bottom:927px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s4_211\" id=\"tb_211\" style=\"left:606px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tc_211\" style=\"left:609px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"td_211\" style=\"left:611px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"te_211\" style=\"left:613px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tf_211\" style=\"left:646px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tg_211\" style=\"left:693px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"th_211\" style=\"left:695px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"ti_211\" style=\"left:698px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tj_211\" style=\"left:700px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tk_211\" style=\"left:733px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tl_211\" style=\"left:780px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tm_211\" style=\"left:782px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tn_211\" style=\"left:784px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"to_211\" style=\"left:787px;bottom:914px;display:inline;\">\u00a0</div><div class=\"t s4_211\" id=\"tp_211\" style=\"left:820px;bottom:914px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s4_211\" id=\"tq_211\" style=\"left:866px;bottom:914px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"tr_211\" style=\"left:65px;bottom:895px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s5_211\" id=\"ts_211\" style=\"left:677px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"tt_211\" style=\"left:680px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tu_211\" style=\"left:763px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tv_211\" style=\"left:766px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tw_211\" style=\"left:850px;bottom:895px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"tx_211\" style=\"left:853px;bottom:895px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"ty_211\" style=\"left:65px;bottom:876px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s5_211\" id=\"tz_211\" style=\"left:677px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t10_211\" style=\"left:680px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t11_211\" style=\"left:763px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t12_211\" style=\"left:766px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t13_211\" style=\"left:850px;bottom:876px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t14_211\" style=\"left:853px;bottom:876px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t15_211\" style=\"left:78px;bottom:858px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t16_211\" style=\"left:680px;bottom:858px;display:inline;\">2 </div><div class=\"t s3_211\" id=\"t17_211\" style=\"left:767px;bottom:858px;display:inline;\">4 </div><div class=\"t s3_211\" id=\"t18_211\" style=\"left:846px;bottom:858px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_211\" id=\"t19_211\" style=\"left:78px;bottom:840px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t1a_211\" style=\"left:680px;bottom:840px;display:inline;\">3 </div><div class=\"t s3_211\" id=\"t1b_211\" style=\"left:759px;bottom:840px;letter-spacing:0.03px;display:inline;\">84 </div><div class=\"t s3_211\" id=\"t1c_211\" style=\"left:846px;bottom:840px;letter-spacing:-0.67px;display:inline;\">91 </div>\n<div class=\"t s3_211\" id=\"t1d_211\" style=\"left:78px;bottom:821px;letter-spacing:0.2px;word-spacing:-0.15px;display:inline;\">Other bonds </div><div class=\"t s5_211\" id=\"t1e_211\" style=\"left:671px;bottom:821px;letter-spacing:-0.06px;display:inline;\">30 </div><div class=\"t s3_211\" id=\"t1f_211\" style=\"left:759px;bottom:821px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s3_211\" id=\"t1g_211\" style=\"left:846px;bottom:821px;letter-spacing:-0.3px;display:inline;\">49 </div>\n<div class=\"t s3_211\" id=\"t1h_211\" style=\"left:78px;bottom:803px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Short dated credit fund </div><div class=\"t s5_211\" id=\"t1i_211\" style=\"left:672px;bottom:803px;letter-spacing:-0.5px;display:inline;\">81 </div><div class=\"t s3_211\" id=\"t1j_211\" style=\"left:752px;bottom:803px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t s3_211\" id=\"t1k_211\" style=\"left:839px;bottom:803px;letter-spacing:-0.45px;display:inline;\">127 </div>\n<div class=\"t s3_211\" id=\"t1l_211\" style=\"left:78px;bottom:784px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Liability driven investments </div><div class=\"t s5_211\" id=\"t1m_211\" style=\"left:664px;bottom:784px;letter-spacing:-0.38px;display:inline;\">225 </div><div class=\"t s3_211\" id=\"t1n_211\" style=\"left:752px;bottom:784px;letter-spacing:-0.5px;display:inline;\">370 </div><div class=\"t s3_211\" id=\"t1o_211\" style=\"left:838px;bottom:784px;letter-spacing:-0.3px;display:inline;\">347 </div>\n<div class=\"t s3_211\" id=\"t1p_211\" style=\"left:78px;bottom:766px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Diversi\ufb01ed growth funds </div><div class=\"t s5_211\" id=\"t1q_211\" style=\"left:672px;bottom:766px;letter-spacing:-0.41px;display:inline;\">55 </div><div class=\"t s3_211\" id=\"t1r_211\" style=\"left:759px;bottom:766px;letter-spacing:-0.18px;display:inline;\">89 </div><div class=\"t s3_211\" id=\"t1s_211\" style=\"left:846px;bottom:766px;letter-spacing:-0.18px;display:inline;\">89 </div>\n<div class=\"t s5_211\" id=\"t1t_211\" style=\"left:663px;bottom:747px;letter-spacing:-0.17px;display:inline;\">396 </div><div class=\"t s3_211\" id=\"t1u_211\" style=\"left:752px;bottom:747px;letter-spacing:-0.22px;display:inline;\">723 </div><div class=\"t s3_211\" id=\"t1v_211\" style=\"left:839px;bottom:747px;letter-spacing:-0.34px;display:inline;\">713 </div>\n<div class=\"t s3_211\" id=\"t1w_211\" style=\"left:65px;bottom:729px;letter-spacing:0.21px;word-spacing:-0.17px;display:inline;\">Other assets: </div><div class=\"t s5_211\" id=\"t1x_211\" style=\"left:677px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t1y_211\" style=\"left:680px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t1z_211\" style=\"left:763px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t20_211\" style=\"left:766px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t21_211\" style=\"left:850px;bottom:729px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t22_211\" style=\"left:853px;bottom:729px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t23_211\" style=\"left:78px;bottom:710px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Insurance contract </div><div class=\"t s5_211\" id=\"t24_211\" style=\"left:663px;bottom:710px;letter-spacing:-0.28px;display:inline;\">156 </div><div class=\"t s3_211\" id=\"t25_211\" style=\"left:752px;bottom:710px;letter-spacing:-0.23px;display:inline;\">233 </div><div class=\"t s3_211\" id=\"t26_211\" style=\"left:838px;bottom:710px;letter-spacing:-0.2px;display:inline;\">250 </div>\n<div class=\"t s3_211\" id=\"t27_211\" style=\"left:65px;bottom:692px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t28_211\" style=\"left:664px;bottom:692px;letter-spacing:-0.48px;display:inline;\">552 </div><div class=\"t s3_211\" id=\"t29_211\" style=\"left:752px;bottom:692px;letter-spacing:-0.21px;display:inline;\">956 </div><div class=\"t s3_211\" id=\"t2a_211\" style=\"left:838px;bottom:692px;letter-spacing:-0.13px;display:inline;\">963 </div>\n<div class=\"t s3_211\" id=\"t2b_211\" style=\"left:65px;bottom:674px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div><div class=\"t s5_211\" id=\"t2c_211\" style=\"left:677px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t2d_211\" style=\"left:680px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2e_211\" style=\"left:763px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2f_211\" style=\"left:766px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2g_211\" style=\"left:850px;bottom:674px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2h_211\" style=\"left:853px;bottom:674px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t2i_211\" style=\"left:65px;bottom:655px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s3_211\" id=\"t2j_211\" style=\"left:763px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2k_211\" style=\"left:766px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2l_211\" style=\"left:850px;bottom:655px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t2m_211\" style=\"left:853px;bottom:655px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t2n_211\" style=\"left:78px;bottom:637px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t2o_211\" style=\"left:663px;bottom:637px;letter-spacing:-0.32px;display:inline;\">120 </div><div class=\"t s3_211\" id=\"t2p_211\" style=\"left:767px;bottom:637px;display:inline;\">6 </div><div class=\"t s3_211\" id=\"t2q_211\" style=\"left:854px;bottom:637px;display:inline;\">2 </div>\n<div class=\"t s3_211\" id=\"t2r_211\" style=\"left:78px;bottom:618px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t2s_211\" style=\"left:680px;bottom:618px;display:inline;\">\u2013 </div><div class=\"t s3_211\" id=\"t2t_211\" style=\"left:759px;bottom:618px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s3_211\" id=\"t2u_211\" style=\"left:846px;bottom:618px;display:inline;\">60 </div>\n<div class=\"t s3_211\" id=\"t2v_211\" style=\"left:78px;bottom:600px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 \ufb01xed interest </div><div class=\"t s5_211\" id=\"t2w_211\" style=\"left:671px;bottom:600px;letter-spacing:-0.15px;display:inline;\">43 </div><div class=\"t s3_211\" id=\"t2x_211\" style=\"left:752px;bottom:600px;letter-spacing:-0.46px;display:inline;\">201 </div><div class=\"t s3_211\" id=\"t2y_211\" style=\"left:839px;bottom:600px;letter-spacing:-0.45px;display:inline;\">163 </div>\n<div class=\"t s3_211\" id=\"t2z_211\" style=\"left:78px;bottom:581px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Corporate bonds </div><div class=\"t s5_211\" id=\"t30_211\" style=\"left:664px;bottom:581px;letter-spacing:-0.48px;display:inline;\">197 </div><div class=\"t s3_211\" id=\"t31_211\" style=\"left:752px;bottom:581px;letter-spacing:-0.37px;display:inline;\">246 </div><div class=\"t s3_211\" id=\"t32_211\" style=\"left:839px;bottom:581px;letter-spacing:-0.64px;display:inline;\">316 </div>\n<div class=\"t s3_211\" id=\"t33_211\" style=\"left:65px;bottom:563px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t34_211\" style=\"left:663px;bottom:563px;letter-spacing:-0.11px;display:inline;\">360 </div><div class=\"t s3_211\" id=\"t35_211\" style=\"left:752px;bottom:563px;letter-spacing:-0.25px;display:inline;\">503 </div><div class=\"t s3_211\" id=\"t36_211\" style=\"left:839px;bottom:563px;letter-spacing:-0.45px;display:inline;\">541 </div>\n<div class=\"t s3_211\" id=\"t37_211\" style=\"left:65px;bottom:545px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Other Plans: </div><div class=\"t s5_211\" id=\"t38_211\" style=\"left:677px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t39_211\" style=\"left:680px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3a_211\" style=\"left:763px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3b_211\" style=\"left:766px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3c_211\" style=\"left:850px;bottom:545px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3d_211\" style=\"left:853px;bottom:545px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t3e_211\" style=\"left:65px;bottom:526px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Assets with a quoted market price: </div><div class=\"t s3_211\" id=\"t3f_211\" style=\"left:763px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3g_211\" style=\"left:766px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3h_211\" style=\"left:850px;bottom:526px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t3i_211\" style=\"left:853px;bottom:526px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t3j_211\" style=\"left:78px;bottom:508px;letter-spacing:0.19px;word-spacing:-0.15px;display:inline;\">Cash and cash equivalents </div><div class=\"t s5_211\" id=\"t3k_211\" style=\"left:680px;bottom:508px;display:inline;\">7 </div><div class=\"t s3_211\" id=\"t3l_211\" style=\"left:767px;bottom:508px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t3m_211\" style=\"left:854px;bottom:508px;display:inline;\">5 </div>\n<div class=\"t s3_211\" id=\"t3n_211\" style=\"left:78px;bottom:489px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Equity securities </div><div class=\"t s5_211\" id=\"t3o_211\" style=\"left:671px;bottom:489px;letter-spacing:-0.27px;display:inline;\">49 </div><div class=\"t s3_211\" id=\"t3p_211\" style=\"left:759px;bottom:489px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t s3_211\" id=\"t3q_211\" style=\"left:846px;bottom:489px;letter-spacing:-0.81px;display:inline;\">51 </div>\n<div class=\"t s3_211\" id=\"t3r_211\" style=\"left:78px;bottom:471px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 \ufb01xed interest </div><div class=\"t s5_211\" id=\"t3s_211\" style=\"left:680px;bottom:471px;display:inline;\">7 </div><div class=\"t s3_211\" id=\"t3t_211\" style=\"left:767px;bottom:471px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t3u_211\" style=\"left:854px;bottom:471px;display:inline;\">9 </div>\n<div class=\"t s3_211\" id=\"t3v_211\" style=\"left:78px;bottom:452px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Government bonds\u00a0\u2013 index linked </div><div class=\"t s5_211\" id=\"t3w_211\" style=\"left:680px;bottom:452px;display:inline;\">\u2013 </div><div class=\"t s3_211\" id=\"t3x_211\" style=\"left:767px;bottom:452px;display:inline;\">4 </div><div class=\"t s3_211\" id=\"t3y_211\" style=\"left:854px;bottom:452px;display:inline;\">4 </div>\n<div class=\"t s3_211\" id=\"t3z_211\" style=\"left:78px;bottom:434px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate and other bonds </div><div class=\"t s5_211\" id=\"t40_211\" style=\"left:672px;bottom:434px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t s3_211\" id=\"t41_211\" style=\"left:760px;bottom:434px;letter-spacing:-0.54px;display:inline;\">11 </div><div class=\"t s3_211\" id=\"t42_211\" style=\"left:846px;bottom:434px;letter-spacing:-0.63px;display:inline;\">10 </div>\n<div class=\"t s3_211\" id=\"t43_211\" style=\"left:78px;bottom:416px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Insurance contracts </div><div class=\"t s5_211\" id=\"t44_211\" style=\"left:672px;bottom:416px;letter-spacing:-0.66px;display:inline;\">21 </div><div class=\"t s3_211\" id=\"t45_211\" style=\"left:759px;bottom:416px;letter-spacing:-0.24px;display:inline;\">33 </div><div class=\"t s3_211\" id=\"t46_211\" style=\"left:846px;bottom:416px;letter-spacing:-0.51px;display:inline;\">37 </div>\n<div class=\"t s3_211\" id=\"t47_211\" style=\"left:78px;bottom:397px;letter-spacing:0.25px;display:inline;\">Property </div><div class=\"t s5_211\" id=\"t48_211\" style=\"left:672px;bottom:397px;letter-spacing:-0.47px;display:inline;\">22 </div><div class=\"t s3_211\" id=\"t49_211\" style=\"left:759px;bottom:397px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s3_211\" id=\"t4a_211\" style=\"left:846px;bottom:397px;letter-spacing:-0.26px;display:inline;\">23 </div>\n<div class=\"t s3_211\" id=\"t4b_211\" style=\"left:78px;bottom:379px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other quoted securities </div><div class=\"t s5_211\" id=\"t4c_211\" style=\"left:680px;bottom:379px;display:inline;\">5 </div><div class=\"t s3_211\" id=\"t4d_211\" style=\"left:767px;bottom:379px;display:inline;\">8 </div><div class=\"t s3_211\" id=\"t4e_211\" style=\"left:854px;bottom:379px;display:inline;\">5 </div>\n<div class=\"t s5_211\" id=\"t4f_211\" style=\"left:664px;bottom:360px;letter-spacing:-0.54px;display:inline;\">121 </div><div class=\"t s3_211\" id=\"t4g_211\" style=\"left:752px;bottom:360px;letter-spacing:-0.28px;display:inline;\">144 </div><div class=\"t s3_211\" id=\"t4h_211\" style=\"left:838px;bottom:360px;letter-spacing:-0.28px;display:inline;\">144 </div>\n<div class=\"t s3_211\" id=\"t4i_211\" style=\"left:65px;bottom:342px;letter-spacing:0.21px;word-spacing:-0.17px;display:inline;\">Other assets: </div><div class=\"t s5_211\" id=\"t4j_211\" style=\"left:677px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s5_211\" id=\"t4k_211\" style=\"left:680px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4l_211\" style=\"left:763px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4m_211\" style=\"left:766px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4n_211\" style=\"left:850px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s3_211\" id=\"t4o_211\" style=\"left:853px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s3_211\" id=\"t4p_211\" style=\"left:78px;bottom:323px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">Insurance contracts </div><div class=\"t s5_211\" id=\"t4q_211\" style=\"left:672px;bottom:323px;letter-spacing:-0.47px;display:inline;\">22 </div><div class=\"t s3_211\" id=\"t4r_211\" style=\"left:759px;bottom:323px;letter-spacing:-0.04px;display:inline;\">34 </div><div class=\"t s3_211\" id=\"t4s_211\" style=\"left:846px;bottom:323px;letter-spacing:-0.11px;display:inline;\">36 </div>\n<div class=\"t s3_211\" id=\"t4t_211\" style=\"left:65px;bottom:305px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Market value of assets </div><div class=\"t s5_211\" id=\"t4u_211\" style=\"left:663px;bottom:305px;letter-spacing:-0.23px;display:inline;\">143 </div><div class=\"t s3_211\" id=\"t4v_211\" style=\"left:753px;bottom:305px;letter-spacing:-0.73px;display:inline;\">178 </div><div class=\"t s3_211\" id=\"t4w_211\" style=\"left:838px;bottom:305px;letter-spacing:-0.17px;display:inline;\">180 </div>\n<div class=\"t s3_211\" id=\"t4x_211\" style=\"left:65px;bottom:286px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Total market value of assets </div><div class=\"t s5_211\" id=\"t4y_211\" style=\"left:651px;bottom:286px;letter-spacing:-0.06px;display:inline;\">1,055 </div><div class=\"t s3_211\" id=\"t4z_211\" style=\"left:741px;bottom:286px;letter-spacing:-0.24px;display:inline;\">1,637 </div><div class=\"t s3_211\" id=\"t50_211\" style=\"left:827px;bottom:286px;letter-spacing:-0.04px;display:inline;\">1,684 </div>\n<div class=\"t s6_211\" id=\"t51_211\" style=\"left:829px;bottom:11px;letter-spacing:-0.61px;display:inline;\">209 </div><div class=\"t s7_211\" id=\"t52_211\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s8_211\" id=\"t53_211\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t s9_211\" id=\"t54_211\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t s9_211\" id=\"t55_211\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sa_211\" id=\"t56_211\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t s9_211\" id=\"t57_211\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_212\" id=\"t1_212\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_212\" id=\"t2_212\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_212\" id=\"t3_212\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_212\" id=\"t4_212\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_212\" id=\"t5_212\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_212\" id=\"t6_212\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_212\" id=\"t7_212\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_212\" id=\"t8_212\" style=\"left:43px;bottom:939px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">No plans invest directly in property occupied by the Group or in \ufb01nancial securities issued by the Group. </div>\n<div class=\"t s8_212\" id=\"t9_212\" style=\"left:43px;bottom:915px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Both the UK and US Plans hold predominantly matching assets. The growth assets of the UK and US Plans are invested in a diversi\ufb01ed </div>\n<div class=\"t s8_212\" id=\"ta_212\" style=\"left:43px;bottom:900px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">range of industries across a broad range of geographies. The UK Plan matching assets include liability matching assets and annuity </div>\n<div class=\"t s8_212\" id=\"tb_212\" style=\"left:43px;bottom:885px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">policies purchased by the trustees, which aim to match the bene\ufb01ts to be paid to certain members from the plan and therefore remove </div>\n<div class=\"t s8_212\" id=\"tc_212\" style=\"left:43px;bottom:869px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the investment, in\ufb02ation and demographic risks in relation to those liabilities. The terms of the policy de\ufb01ne\u00a0that the contract value </div>\n<div class=\"t s8_212\" id=\"td_212\" style=\"left:43px;bottom:854px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">exactly matches the amount and timing of the pensioner obligations covered by the contract. In accordance with IAS 19R\u00a0</div><div class=\"t s9_212\" id=\"te_212\" style=\"left:756px;bottom:854px;letter-spacing:0.07px;display:inline;\">Employee </div>\n<div class=\"t s9_212\" id=\"tf_212\" style=\"left:43px;bottom:839px;letter-spacing:0.19px;display:inline;\">Bene\ufb01ts</div><div class=\"t s8_212\" id=\"tg_212\" style=\"left:90px;bottom:839px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">, the fair value of the insurance contract is deemed to be the present value of the related obligations which is discounted </div>\n<div class=\"t s8_212\" id=\"th_212\" style=\"left:43px;bottom:823px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">at\u00a0the\u00a0AA corporate bond rate. </div>\n<div class=\"t s8_212\" id=\"ti_212\" style=\"left:43px;bottom:800px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">There has been no material change in the Pension Plans\u2019 investment strategies. </div>\n<div class=\"t sa_212\" id=\"tj_212\" style=\"left:43px;bottom:775px;letter-spacing:-0.35px;display:inline;\">18.4 </div><div class=\"t sb_212\" id=\"tk_212\" style=\"left:74px;bottom:775px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Expenses recognised in the income statement </div>\n<div class=\"t s8_212\" id=\"tl_212\" style=\"left:43px;bottom:758px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">The total expense relating to retirement bene\ufb01ts recognised for the year is $88m (2021: $93m, 2020: $78m). Of this cost recognised </div>\n<div class=\"t s8_212\" id=\"tm_212\" style=\"left:43px;bottom:742px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">for\u00a0the year, $77m (2021: $77m, 2020: $69m) relates to de\ufb01ned contribution plans and $11m (2021: $16m, 2020: $9m) relates to </div>\n<div class=\"t s8_212\" id=\"tn_212\" style=\"left:43px;bottom:727px;letter-spacing:0.18px;word-spacing:-0.13px;display:inline;\">de\ufb01ned\u00a0bene\ufb01t plans. </div>\n<div class=\"t s8_212\" id=\"to_212\" style=\"left:43px;bottom:703px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The cost charged in respect of the Group\u2019s de\ufb01ned contribution plans represents contributions payable to these plans by the Group at </div>\n<div class=\"t s8_212\" id=\"tp_212\" style=\"left:43px;bottom:688px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">rates speci\ufb01ed in the rules of the plans. These were charged to operating pro\ufb01t in costs of goods sold, selling, general and administrative </div>\n<div class=\"t s8_212\" id=\"tq_212\" style=\"left:43px;bottom:673px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">expenses, and research and development expenses. There were $nil outstanding payments as at\u00a031 December 2022 due to be paid </div>\n<div class=\"t s8_212\" id=\"tr_212\" style=\"left:43px;bottom:657px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\">over\u00a0to the plans (2021: $nil, 2020: $nil). </div>\n<div class=\"t s8_212\" id=\"ts_212\" style=\"left:43px;bottom:633px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">De\ufb01ned bene\ufb01t plan costs comprise service cost which is charged to operating pro\ufb01t in selling, general and administrative expenses </div>\n<div class=\"t s8_212\" id=\"tt_212\" style=\"left:43px;bottom:618px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">and\u00a0net interest cost and administration costs and taxes which are reported as other \ufb01nance costs. </div>\n<div class=\"t s8_212\" id=\"tu_212\" style=\"left:43px;bottom:594px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">The de\ufb01ned bene\ufb01t pension costs charged for the UK and US Plans are $nil (2021: $nil, 2020: $nil). </div>\n<div class=\"t sa_212\" id=\"tv_212\" style=\"left:43px;bottom:569px;letter-spacing:-0.29px;display:inline;\">18.5 </div><div class=\"t sb_212\" id=\"tw_212\" style=\"left:75px;bottom:569px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Principal actuarial assumptions </div>\n<div class=\"t s8_212\" id=\"tx_212\" style=\"left:43px;bottom:552px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The following are the principal \ufb01nancial actuarial assumptions used at the reporting date to determine the UK and US de\ufb01ned bene\ufb01t </div>\n<div class=\"t s8_212\" id=\"ty_212\" style=\"left:43px;bottom:537px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">obligations and expense. </div>\n<div class=\"t sc_212\" id=\"tz_212\" style=\"left:585px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t10_212\" style=\"left:587px;bottom:523px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t11_212\" style=\"left:640px;bottom:523px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t sc_212\" id=\"t12_212\" style=\"left:727px;bottom:523px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t sc_212\" id=\"t13_212\" style=\"left:813px;bottom:523px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t sc_212\" id=\"t14_212\" style=\"left:585px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t15_212\" style=\"left:587px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t16_212\" style=\"left:589px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t17_212\" style=\"left:592px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t18_212\" style=\"left:602px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t19_212\" style=\"left:671px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1a_212\" style=\"left:674px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1b_212\" style=\"left:676px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1c_212\" style=\"left:678px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1d_212\" style=\"left:689px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t1e_212\" style=\"left:758px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1f_212\" style=\"left:760px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1g_212\" style=\"left:763px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1h_212\" style=\"left:765px;bottom:511px;display:inline;\">\u00a0</div><div class=\"t sc_212\" id=\"t1i_212\" style=\"left:776px;bottom:511px;letter-spacing:-0.13px;word-spacing:-0.15px;display:inline;\">%\u00a0per\u00a0annum </div><div class=\"t sc_212\" id=\"t1j_212\" style=\"left:844px;bottom:511px;display:inline;\">\u00a0</div>\n<div class=\"t s8_212\" id=\"t1k_212\" style=\"left:43px;bottom:491px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t sd_212\" id=\"t1l_212\" style=\"left:655px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t sd_212\" id=\"t1m_212\" style=\"left:658px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1n_212\" style=\"left:742px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1o_212\" style=\"left:745px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1p_212\" style=\"left:828px;bottom:491px;display:inline;\">\u00a0</div><div class=\"t s8_212\" id=\"t1q_212\" style=\"left:831px;bottom:491px;display:inline;\">\u00a0</div>\n<div class=\"t s8_212\" id=\"t1r_212\" style=\"left:56px;bottom:473px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t sd_212\" id=\"t1s_212\" style=\"left:646px;bottom:473px;letter-spacing:0.12px;display:inline;\">4.8 </div><div class=\"t s8_212\" id=\"t1t_212\" style=\"left:735px;bottom:473px;letter-spacing:-0.19px;display:inline;\">1.9 </div><div class=\"t s8_212\" id=\"t1u_212\" style=\"left:821px;bottom:473px;letter-spacing:0.09px;display:inline;\">1.3 </div>\n<div class=\"t s8_212\" id=\"t1v_212\" style=\"left:56px;bottom:455px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Future salary increases </div><div class=\"t sd_212\" id=\"t1w_212\" style=\"left:646px;bottom:455px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t1x_212\" style=\"left:734px;bottom:455px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t1y_212\" style=\"left:820px;bottom:455px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t s8_212\" id=\"t1z_212\" style=\"left:56px;bottom:436px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Future pension increases </div><div class=\"t sd_212\" id=\"t20_212\" style=\"left:646px;bottom:436px;letter-spacing:0.15px;display:inline;\">3.3 </div><div class=\"t s8_212\" id=\"t21_212\" style=\"left:735px;bottom:436px;letter-spacing:-0.05px;display:inline;\">3.4 </div><div class=\"t s8_212\" id=\"t22_212\" style=\"left:822px;bottom:436px;letter-spacing:-0.28px;display:inline;\">2.9 </div>\n<div class=\"t s8_212\" id=\"t23_212\" style=\"left:56px;bottom:418px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">In\ufb02ation (RPI) </div><div class=\"t sd_212\" id=\"t24_212\" style=\"left:646px;bottom:418px;letter-spacing:0.15px;display:inline;\">3.3 </div><div class=\"t s8_212\" id=\"t25_212\" style=\"left:735px;bottom:418px;letter-spacing:-0.05px;display:inline;\">3.4 </div><div class=\"t s8_212\" id=\"t26_212\" style=\"left:822px;bottom:418px;letter-spacing:-0.28px;display:inline;\">2.9 </div>\n<div class=\"t s8_212\" id=\"t27_212\" style=\"left:56px;bottom:399px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">In\ufb02ation (CPI) </div><div class=\"t sd_212\" id=\"t28_212\" style=\"left:646px;bottom:399px;letter-spacing:0.23px;display:inline;\">2.3 </div><div class=\"t s8_212\" id=\"t29_212\" style=\"left:736px;bottom:399px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s8_212\" id=\"t2a_212\" style=\"left:822px;bottom:399px;letter-spacing:-0.31px;display:inline;\">2.1 </div>\n<div class=\"t s8_212\" id=\"t2b_212\" style=\"left:43px;bottom:381px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s8_212\" id=\"t2c_212\" style=\"left:56px;bottom:362px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t sd_212\" id=\"t2d_212\" style=\"left:646px;bottom:362px;letter-spacing:0.11px;display:inline;\">5.3 </div><div class=\"t s8_212\" id=\"t2e_212\" style=\"left:736px;bottom:362px;letter-spacing:-0.37px;display:inline;\">2.7 </div><div class=\"t s8_212\" id=\"t2f_212\" style=\"left:822px;bottom:362px;letter-spacing:-0.17px;display:inline;\">2.4 </div>\n<div class=\"t s8_212\" id=\"t2g_212\" style=\"left:56px;bottom:344px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Future salary increases </div><div class=\"t sd_212\" id=\"t2h_212\" style=\"left:646px;bottom:344px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2i_212\" style=\"left:734px;bottom:344px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2j_212\" style=\"left:820px;bottom:344px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t s8_212\" id=\"t2k_212\" style=\"left:56px;bottom:325px;letter-spacing:0.14px;display:inline;\">In\ufb02ation </div><div class=\"t sd_212\" id=\"t2l_212\" style=\"left:646px;bottom:325px;letter-spacing:-0.13px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2m_212\" style=\"left:734px;bottom:325px;letter-spacing:-0.16px;display:inline;\">n/a </div><div class=\"t s8_212\" id=\"t2n_212\" style=\"left:820px;bottom:325px;letter-spacing:-0.16px;display:inline;\">n/a </div>\n<div class=\"t se_212\" id=\"t2o_212\" style=\"left:43px;bottom:11px;letter-spacing:-1.37px;display:inline;\">210 </div><div class=\"t sf_212\" id=\"t2p_212\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_212\" id=\"t2q_212\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_213\" id=\"t1_213\" style=\"left:65px;bottom:958px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Actuarial assumptions regarding future mortality are based on mortality tables. The UK uses the S3NA with projections in line with </div>\n<div class=\"t s1_213\" id=\"t2_213\" style=\"left:65px;bottom:943px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">the\u00a0CMI 2021 table and the US uses the PRI-2012 table with MP-2021 scale. The Directors have considered the impact of the Covid </div>\n<div class=\"t s1_213\" id=\"t3_213\" style=\"left:65px;bottom:927px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">pandemic and, at the present time, do not believe that there is su\ufb03cient evidence to require a change in the long-term mortality </div>\n<div class=\"t s1_213\" id=\"t4_213\" style=\"left:65px;bottom:912px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">assumptions. The Directors will continue to monitor any potential future impact on the mortality assumptions used. </div>\n<div class=\"t s1_213\" id=\"t5_213\" style=\"left:65px;bottom:888px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The current longevities underlying the values of the obligations in the de\ufb01ned bene\ufb01t plans are as follows: </div>\n<div class=\"t s2_213\" id=\"t6_213\" style=\"left:606px;bottom:866px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t7_213\" style=\"left:609px;bottom:866px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t8_213\" style=\"left:662px;bottom:866px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s2_213\" id=\"t9_213\" style=\"left:748px;bottom:866px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s2_213\" id=\"ta_213\" style=\"left:835px;bottom:866px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s2_213\" id=\"tb_213\" style=\"left:606px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tc_213\" style=\"left:609px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"td_213\" style=\"left:611px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"te_213\" style=\"left:613px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tf_213\" style=\"left:662px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div><div class=\"t s2_213\" id=\"tg_213\" style=\"left:695px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"th_213\" style=\"left:698px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"ti_213\" style=\"left:700px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tj_213\" style=\"left:748px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div><div class=\"t s2_213\" id=\"tk_213\" style=\"left:782px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tl_213\" style=\"left:784px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tm_213\" style=\"left:787px;bottom:854px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"tn_213\" style=\"left:835px;bottom:854px;letter-spacing:-0.11px;display:inline;\">years\u00a0</div>\n<div class=\"t s3_213\" id=\"to_213\" style=\"left:69px;bottom:834px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Life expectancy at age 60 </div><div class=\"t s1_213\" id=\"tp_213\" style=\"left:677px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tq_213\" style=\"left:680px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tr_213\" style=\"left:763px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"ts_213\" style=\"left:766px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tt_213\" style=\"left:850px;bottom:834px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tu_213\" style=\"left:853px;bottom:834px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"tv_213\" style=\"left:65px;bottom:816px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"tw_213\" style=\"left:677px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"tx_213\" style=\"left:680px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"ty_213\" style=\"left:763px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"tz_213\" style=\"left:766px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t10_213\" style=\"left:850px;bottom:816px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t11_213\" style=\"left:853px;bottom:816px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t12_213\" style=\"left:78px;bottom:797px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t13_213\" style=\"left:661px;bottom:797px;letter-spacing:-0.55px;display:inline;\">27.4 </div><div class=\"t s1_213\" id=\"t14_213\" style=\"left:751px;bottom:797px;letter-spacing:-0.7px;display:inline;\">27.6 </div><div class=\"t s1_213\" id=\"t15_213\" style=\"left:837px;bottom:797px;letter-spacing:-0.7px;display:inline;\">27.6 </div>\n<div class=\"t s1_213\" id=\"t16_213\" style=\"left:78px;bottom:779px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t17_213\" style=\"left:660px;bottom:779px;letter-spacing:-0.02px;display:inline;\">30.1 </div><div class=\"t s1_213\" id=\"t18_213\" style=\"left:749px;bottom:779px;letter-spacing:-0.17px;display:inline;\">30.1 </div><div class=\"t s1_213\" id=\"t19_213\" style=\"left:836px;bottom:779px;letter-spacing:-0.17px;display:inline;\">30.1 </div>\n<div class=\"t s1_213\" id=\"t1a_213\" style=\"left:65px;bottom:760px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s1_213\" id=\"t1b_213\" style=\"left:78px;bottom:742px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t1c_213\" style=\"left:660px;bottom:742px;letter-spacing:-0.08px;display:inline;\">24.9 </div><div class=\"t s1_213\" id=\"t1d_213\" style=\"left:750px;bottom:742px;letter-spacing:-0.44px;display:inline;\">24.7 </div><div class=\"t s1_213\" id=\"t1e_213\" style=\"left:836px;bottom:742px;letter-spacing:-0.44px;display:inline;\">24.7 </div>\n<div class=\"t s1_213\" id=\"t1f_213\" style=\"left:78px;bottom:724px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t1g_213\" style=\"left:661px;bottom:724px;letter-spacing:-0.59px;display:inline;\">27.1 </div><div class=\"t s1_213\" id=\"t1h_213\" style=\"left:749px;bottom:724px;letter-spacing:-0.08px;display:inline;\">26.8 </div><div class=\"t s1_213\" id=\"t1i_213\" style=\"left:835px;bottom:724px;letter-spacing:-0.08px;display:inline;\">26.8 </div>\n<div class=\"t s3_213\" id=\"t1j_213\" style=\"left:69px;bottom:705px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Life expectancy at age 60 in 20\u00a0years\u2019 time </div><div class=\"t s4_213\" id=\"t1k_213\" style=\"left:677px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t1l_213\" style=\"left:680px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1m_213\" style=\"left:763px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1n_213\" style=\"left:766px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1o_213\" style=\"left:850px;bottom:705px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1p_213\" style=\"left:853px;bottom:705px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t1q_213\" style=\"left:65px;bottom:687px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"t1r_213\" style=\"left:677px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t1s_213\" style=\"left:680px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1t_213\" style=\"left:763px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1u_213\" style=\"left:766px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1v_213\" style=\"left:850px;bottom:687px;display:inline;\">\u00a0</div><div class=\"t s1_213\" id=\"t1w_213\" style=\"left:853px;bottom:687px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t1x_213\" style=\"left:78px;bottom:668px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t1y_213\" style=\"left:660px;bottom:668px;letter-spacing:-0.05px;display:inline;\">28.9 </div><div class=\"t s1_213\" id=\"t1z_213\" style=\"left:749px;bottom:668px;letter-spacing:-0.3px;display:inline;\">29.1 </div><div class=\"t s1_213\" id=\"t20_213\" style=\"left:836px;bottom:668px;letter-spacing:-0.3px;display:inline;\">29.1 </div>\n<div class=\"t s1_213\" id=\"t21_213\" style=\"left:78px;bottom:650px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t22_213\" style=\"left:660px;bottom:650px;letter-spacing:-0.05px;display:inline;\">31.5 </div><div class=\"t s1_213\" id=\"t23_213\" style=\"left:749px;bottom:650px;letter-spacing:-0.16px;display:inline;\">31.5 </div><div class=\"t s1_213\" id=\"t24_213\" style=\"left:836px;bottom:650px;letter-spacing:-0.16px;display:inline;\">31.5 </div>\n<div class=\"t s1_213\" id=\"t25_213\" style=\"left:65px;bottom:631px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div>\n<div class=\"t s1_213\" id=\"t26_213\" style=\"left:78px;bottom:613px;letter-spacing:0.15px;display:inline;\">Males </div><div class=\"t s4_213\" id=\"t27_213\" style=\"left:660px;bottom:613px;letter-spacing:-0.08px;display:inline;\">24.9 </div><div class=\"t s1_213\" id=\"t28_213\" style=\"left:749px;bottom:613px;letter-spacing:-0.31px;display:inline;\">24.6 </div><div class=\"t s1_213\" id=\"t29_213\" style=\"left:836px;bottom:613px;letter-spacing:-0.31px;display:inline;\">24.6 </div>\n<div class=\"t s1_213\" id=\"t2a_213\" style=\"left:78px;bottom:594px;letter-spacing:0.14px;display:inline;\">Females </div><div class=\"t s4_213\" id=\"t2b_213\" style=\"left:662px;bottom:594px;letter-spacing:-0.62px;display:inline;\">27.6 </div><div class=\"t s1_213\" id=\"t2c_213\" style=\"left:750px;bottom:594px;letter-spacing:-0.58px;display:inline;\">27.3 </div><div class=\"t s1_213\" id=\"t2d_213\" style=\"left:837px;bottom:594px;letter-spacing:-0.58px;display:inline;\">27.3 </div>\n<div class=\"t s5_213\" id=\"t2e_213\" style=\"left:65px;bottom:565px;letter-spacing:-0.41px;display:inline;\">18.6 </div><div class=\"t s6_213\" id=\"t2f_213\" style=\"left:96px;bottom:565px;letter-spacing:-0.14px;word-spacing:-0.1px;display:inline;\">Sensitivity analysis </div>\n<div class=\"t s1_213\" id=\"t2g_213\" style=\"left:65px;bottom:548px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is sensitive to the assumptions used. The following table summarises the increase/ </div>\n<div class=\"t s1_213\" id=\"t2h_213\" style=\"left:65px;bottom:532px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">decrease on the\u00a0UK and US de\ufb01ned bene\ufb01t obligation and pension costs as a result of reasonably possible changes in some of the </div>\n<div class=\"t s1_213\" id=\"t2i_213\" style=\"left:65px;bottom:517px;letter-spacing:0.07px;word-spacing:-0.11px;display:inline;\">assumptions while holding all other assumptions consistent. The sensitivity to the in\ufb02ation assumption change includes corresponding </div>\n<div class=\"t s1_213\" id=\"t2j_213\" style=\"left:65px;bottom:502px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">changes to the future pension increase assumptions. The analysis does not take into account the full distribution of cash \ufb02ows expected </div>\n<div class=\"t s1_213\" id=\"t2k_213\" style=\"left:65px;bottom:486px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">under the plan. </div>\n<div class=\"t s1_213\" id=\"t2l_213\" style=\"left:65px;bottom:463px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Changes to the in\ufb02ation assumption will not have any e\ufb00ect on the US Pension Plan as it was closed to future accrual in 2014 and it has </div>\n<div class=\"t s1_213\" id=\"t2m_213\" style=\"left:65px;bottom:447px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">no other in\ufb02ation-linked assumptions. </div>\n<div class=\"t s2_213\" id=\"t2n_213\" style=\"left:544px;bottom:434px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Increase in pension obligation </div><div class=\"t s2_213\" id=\"t2o_213\" style=\"left:745px;bottom:434px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">Increase in pension cost </div>\n<div class=\"t s2_213\" id=\"t2p_213\" style=\"left:866px;bottom:429px;display:inline;\">\u00a0</div>\n<div class=\"t s2_213\" id=\"t2q_213\" style=\"left:65px;bottom:417px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s2_213\" id=\"t2r_213\" style=\"left:520px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2s_213\" style=\"left:522px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2t_213\" style=\"left:524px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2u_213\" style=\"left:527px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2v_213\" style=\"left:539px;bottom:417px;letter-spacing:-0.38px;display:inline;\">+50bps/+1yr\u00a0</div><div class=\"t s2_213\" id=\"t2w_213\" style=\"left:609px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2x_213\" style=\"left:611px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2y_213\" style=\"left:613px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t2z_213\" style=\"left:628px;bottom:417px;letter-spacing:-0.32px;display:inline;\">-50bps/-1yr\u00a0</div><div class=\"t s2_213\" id=\"t30_213\" style=\"left:695px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t31_213\" style=\"left:698px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t32_213\" style=\"left:700px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t33_213\" style=\"left:709px;bottom:417px;letter-spacing:-0.33px;word-spacing:0.06px;display:inline;\">+50bps/+1 yr </div><div class=\"t s2_213\" id=\"t34_213\" style=\"left:780px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t35_213\" style=\"left:782px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t36_213\" style=\"left:784px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t37_213\" style=\"left:787px;bottom:417px;display:inline;\">\u00a0</div><div class=\"t s2_213\" id=\"t38_213\" style=\"left:801px;bottom:417px;letter-spacing:-0.32px;display:inline;\">-50bps/-1yr\u00a0</div>\n<div class=\"t s1_213\" id=\"t39_213\" style=\"left:65px;bottom:398px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">UK Plan: </div><div class=\"t s4_213\" id=\"t3a_213\" style=\"left:520px;bottom:398px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t3b_213\" style=\"left:78px;bottom:379px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t s4_213\" id=\"t3c_213\" style=\"left:520px;bottom:379px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3d_213\" style=\"left:569px;bottom:379px;letter-spacing:-0.12px;display:inline;\">(29.0) </div><div class=\"t s4_213\" id=\"t3e_213\" style=\"left:660px;bottom:379px;letter-spacing:-0.11px;display:inline;\">32.0 </div><div class=\"t s4_213\" id=\"t3f_213\" style=\"left:750px;bottom:379px;letter-spacing:-0.05px;display:inline;\">(1.0) </div><div class=\"t s4_213\" id=\"t3g_213\" style=\"left:841px;bottom:379px;letter-spacing:0.08px;display:inline;\">2.0 </div>\n<div class=\"t s1_213\" id=\"t3h_213\" style=\"left:78px;bottom:361px;letter-spacing:0.14px;display:inline;\">In\ufb02ation </div><div class=\"t s4_213\" id=\"t3i_213\" style=\"left:520px;bottom:361px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3j_213\" style=\"left:574px;bottom:361px;letter-spacing:-0.15px;display:inline;\">29.0 </div><div class=\"t s4_213\" id=\"t3k_213\" style=\"left:656px;bottom:361px;letter-spacing:-0.39px;display:inline;\">(27.0) </div><div class=\"t s4_213\" id=\"t3l_213\" style=\"left:755px;bottom:361px;letter-spacing:0.08px;display:inline;\">2.0 </div><div class=\"t s4_213\" id=\"t3m_213\" style=\"left:854px;bottom:361px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t3n_213\" style=\"left:78px;bottom:342px;letter-spacing:0.29px;display:inline;\">Mortality </div><div class=\"t s4_213\" id=\"t3o_213\" style=\"left:520px;bottom:342px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3p_213\" style=\"left:574px;bottom:342px;letter-spacing:-0.16px;display:inline;\">16.0 </div><div class=\"t s4_213\" id=\"t3q_213\" style=\"left:657px;bottom:342px;letter-spacing:-0.54px;display:inline;\">(17.0) </div><div class=\"t s4_213\" id=\"t3r_213\" style=\"left:755px;bottom:342px;letter-spacing:0.09px;display:inline;\">1.0 </div><div class=\"t s4_213\" id=\"t3s_213\" style=\"left:854px;bottom:342px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t3t_213\" style=\"left:65px;bottom:324px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">US Plan: </div><div class=\"t s4_213\" id=\"t3u_213\" style=\"left:520px;bottom:324px;display:inline;\">\u00a0</div>\n<div class=\"t s1_213\" id=\"t3v_213\" style=\"left:78px;bottom:305px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">Discount rate </div><div class=\"t s4_213\" id=\"t3w_213\" style=\"left:520px;bottom:305px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t3x_213\" style=\"left:569px;bottom:305px;letter-spacing:-0.12px;display:inline;\">(14.0) </div><div class=\"t s4_213\" id=\"t3y_213\" style=\"left:660px;bottom:305px;letter-spacing:-0.08px;display:inline;\">14.0 </div><div class=\"t s4_213\" id=\"t3z_213\" style=\"left:767px;bottom:305px;display:inline;\">\u2013 </div><div class=\"t s4_213\" id=\"t40_213\" style=\"left:854px;bottom:305px;display:inline;\">\u2013 </div>\n<div class=\"t s1_213\" id=\"t41_213\" style=\"left:78px;bottom:287px;letter-spacing:0.29px;display:inline;\">Mortality </div><div class=\"t s4_213\" id=\"t42_213\" style=\"left:520px;bottom:287px;display:inline;\">\u00a0</div><div class=\"t s4_213\" id=\"t43_213\" style=\"left:582px;bottom:287px;letter-spacing:0.04px;display:inline;\">8.0 </div><div class=\"t s4_213\" id=\"t44_213\" style=\"left:663px;bottom:287px;letter-spacing:-0.06px;display:inline;\">(8.0) </div><div class=\"t s4_213\" id=\"t45_213\" style=\"left:767px;bottom:287px;display:inline;\">\u2013 </div><div class=\"t s4_213\" id=\"t46_213\" style=\"left:854px;bottom:287px;display:inline;\">\u2013 </div>\n<div class=\"t s7_213\" id=\"t47_213\" style=\"left:830px;bottom:11px;letter-spacing:-1.3px;display:inline;\">211 </div><div class=\"t s8_213\" id=\"t48_213\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t s9_213\" id=\"t49_213\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sa_213\" id=\"t4a_213\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sa_213\" id=\"t4b_213\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sb_213\" id=\"t4c_213\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sa_213\" id=\"t4d_213\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_214\" id=\"t1_214\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_214\" id=\"t2_214\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_214\" id=\"t3_214\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_214\" id=\"t4_214\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_214\" id=\"t5_214\" style=\"left:43px;bottom:956px;letter-spacing:-0.62px;display:inline;\">18 </div><div class=\"t s6_214\" id=\"t6_214\" style=\"left:65px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">Retirement bene\ufb01t obligations </div><div class=\"t s7_214\" id=\"t7_214\" style=\"left:278px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_214\" id=\"t8_214\" style=\"left:43px;bottom:938px;letter-spacing:-0.51px;display:inline;\">18.7 </div><div class=\"t s9_214\" id=\"t9_214\" style=\"left:74px;bottom:938px;letter-spacing:-0.18px;display:inline;\">Risk </div>\n<div class=\"t sa_214\" id=\"ta_214\" style=\"left:43px;bottom:921px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The pension plans expose the Group to the following risks: </div>\n<div class=\"t sb_214\" id=\"tb_214\" style=\"left:43px;bottom:893px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Interest rate risk </div><div class=\"t sa_214\" id=\"tc_214\" style=\"left:217px;bottom:893px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">Volatility in \ufb01nancial markets can change the calculations of the obligation signi\ufb01cantly as the calculation </div>\n<div class=\"t sa_214\" id=\"td_214\" style=\"left:217px;bottom:877px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">of\u00a0the obligation is linked to yields on AA rated corporate bonds. A decrease in the bond yield will increase </div>\n<div class=\"t sa_214\" id=\"te_214\" style=\"left:217px;bottom:862px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">the measure of\u00a0plan liabilities, although this will be partially o\ufb00set by increases in the value of\u00a0matching </div>\n<div class=\"t sa_214\" id=\"tf_214\" style=\"left:217px;bottom:847px;letter-spacing:0.17px;word-spacing:-0.14px;display:inline;\">plan assets such as bonds and insurance contracts. </div>\n<div class=\"t sa_214\" id=\"tg_214\" style=\"left:217px;bottom:823px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">In the UK, the liability matching portfolio held in conventional and index-linked gilts was transferred </div>\n<div class=\"t sa_214\" id=\"th_214\" style=\"left:217px;bottom:808px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">into\u00a0liability driven investments in order to reduce interest rate risk. </div>\n<div class=\"t sb_214\" id=\"ti_214\" style=\"left:43px;bottom:781px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">In\ufb02ation risk </div><div class=\"t sa_214\" id=\"tj_214\" style=\"left:217px;bottom:781px;letter-spacing:-0.05px;word-spacing:-0.08px;display:inline;\">The UK Plan is linked to in\ufb02ation. A high rate of in\ufb02ation will lead to a higher liability. This risk is managed </div>\n<div class=\"t sa_214\" id=\"tk_214\" style=\"left:217px;bottom:765px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">by holding in\ufb02ation-linked bonds and an in\ufb02ation-linked insurance contract in respect of some of the </div>\n<div class=\"t sa_214\" id=\"tl_214\" style=\"left:217px;bottom:750px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">obligation. In the UK, the liability matching portfolio held in conventional and index-linked gilts was </div>\n<div class=\"t sa_214\" id=\"tm_214\" style=\"left:217px;bottom:735px;letter-spacing:0.12px;word-spacing:-0.11px;display:inline;\">transferred into liability driven investments in\u00a0order to reduce in\ufb02ation risk. </div>\n<div class=\"t sa_214\" id=\"tn_214\" style=\"left:217px;bottom:711px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">The UK Plan is closed to future accrual which reduces the exposure to this risk. The US Plan is also </div>\n<div class=\"t sa_214\" id=\"to_214\" style=\"left:217px;bottom:696px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">closed\u00a0to\u00a0future accrual and has no other in\ufb02ation-linkage thus eliminating the exposure to this risk. </div>\n<div class=\"t sb_214\" id=\"tp_214\" style=\"left:43px;bottom:668px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Investment risk </div><div class=\"t sa_214\" id=\"tq_214\" style=\"left:217px;bottom:668px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">If the return on plan assets is below the discount rate, all else being equal, there will be an increase </div>\n<div class=\"t sa_214\" id=\"tr_214\" style=\"left:217px;bottom:653px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">in\u00a0the\u00a0plan de\ufb01cit. </div>\n<div class=\"t sa_214\" id=\"ts_214\" style=\"left:217px;bottom:629px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">In the UK, this risk is partially managed by a portfolio of liability matching assets and a bulk annuity, </div>\n<div class=\"t sa_214\" id=\"tt_214\" style=\"left:217px;bottom:614px;word-spacing:-0.11px;display:inline;\">together with a\u00a0dynamic de-risking policy to switch growth assets into liability matching assets over time. </div>\n<div class=\"t sa_214\" id=\"tu_214\" style=\"left:217px;bottom:590px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The US Plan has a dynamic de-risking policy to shi\ufb05 plan assets from return-seeking (growth) assets to </div>\n<div class=\"t sa_214\" id=\"tv_214\" style=\"left:217px;bottom:575px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">liability matching assets over time. The US Pension Plan has an established glide path that is designed </div>\n<div class=\"t sa_214\" id=\"tw_214\" style=\"left:217px;bottom:559px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">to\u00a0stabilise funding status by reducing the plan\u2019s exposure to return-seeking assets. </div>\n<div class=\"t sb_214\" id=\"tx_214\" style=\"left:43px;bottom:532px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Longevity risk </div><div class=\"t sa_214\" id=\"ty_214\" style=\"left:217px;bottom:532px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The present value of the plan\u2019s de\ufb01ned bene\ufb01t liability is calculated by reference to the best estimate </div>\n<div class=\"t sa_214\" id=\"tz_214\" style=\"left:217px;bottom:517px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">of the mortality of the plan participants both during and a\ufb05er their employment. An increase in the life </div>\n<div class=\"t sa_214\" id=\"t10_214\" style=\"left:217px;bottom:502px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">expectancy of plan participants above that assumed will increase the bene\ufb01t obligation. </div>\n<div class=\"t sa_214\" id=\"t11_214\" style=\"left:217px;bottom:478px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The UK Plan, in order to minimise longevity risk, has entered into an insurance contract which covers </div>\n<div class=\"t sa_214\" id=\"t12_214\" style=\"left:217px;bottom:463px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">a\u00a0portion of\u00a0pensioner obligations. </div>\n<div class=\"t s8_214\" id=\"t13_214\" style=\"left:43px;bottom:428px;letter-spacing:-0.3px;display:inline;\">18.8 </div><div class=\"t s9_214\" id=\"t14_214\" style=\"left:75px;bottom:428px;letter-spacing:-0.22px;display:inline;\">Funding </div>\n<div class=\"t sa_214\" id=\"t15_214\" style=\"left:43px;bottom:411px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">A full valuation is performed by actuaries for the Trustees/Pension Committee of each plan to determine the level of funding required. </div>\n<div class=\"t sa_214\" id=\"t16_214\" style=\"left:43px;bottom:396px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Employer contribution rates, based on these full valuations, are agreed between the Trustees/Pension Committee of each plan and </div>\n<div class=\"t sa_214\" id=\"t17_214\" style=\"left:43px;bottom:380px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">the Group. The assumptions used in the actuarial valuations used for funding purposes may di\ufb00er from the accounting assumptions </div>\n<div class=\"t sa_214\" id=\"t18_214\" style=\"left:43px;bottom:365px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">set\u00a0out above. </div>\n<div class=\"t sc_214\" id=\"t19_214\" style=\"left:43px;bottom:341px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">UK Plan </div>\n<div class=\"t sa_214\" id=\"t1a_214\" style=\"left:43px;bottom:323px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">The most recent full actuarial valuation of the UK Plan was undertaken as at 30 September 2020. Future accruals to the UK Plan ceased </div>\n<div class=\"t sa_214\" id=\"t1b_214\" style=\"left:43px;bottom:308px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">as at 31 December 2016. Contributions to the UK Plan in 2022 were $nil (2021: $7m, 2020: $nil). This included supplementary payments </div>\n<div class=\"t sa_214\" id=\"t1c_214\" style=\"left:43px;bottom:293px;letter-spacing:-0.11px;word-spacing:0.13px;display:inline;\">of\u00a0$nil (2021: $7m, 2020: $nil). </div>\n<div class=\"t sa_214\" id=\"t1d_214\" style=\"left:43px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">Following the completion of the 30 September 2020 valuation, a dynamic contribution mechanism was agreed. Under that dynamic </div>\n<div class=\"t sa_214\" id=\"t1e_214\" style=\"left:43px;bottom:253px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">contribution mechanism, no further contributions were required in 2021 or 2022. </div>\n<div class=\"t sc_214\" id=\"t1f_214\" style=\"left:43px;bottom:229px;letter-spacing:0.11px;word-spacing:-0.06px;display:inline;\">US Plan </div>\n<div class=\"t sa_214\" id=\"t1g_214\" style=\"left:43px;bottom:211px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The most recent full actuarial valuation of the US Plan was undertaken as at 1 January 2022. The next full actuarial valuation will </div>\n<div class=\"t sa_214\" id=\"t1h_214\" style=\"left:43px;bottom:196px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">take\u00a0place as at 1 January 2023. Future accruals to the US Plan ceased as at 31 March 2014. Contributions to the US Plan were $nil </div>\n<div class=\"t sa_214\" id=\"t1i_214\" style=\"left:43px;bottom:181px;letter-spacing:0.02px;display:inline;\">(2021: $nil, 2020:\u00a0$nil) which represented supplementary payments of $nil (2021: $nil, 2020: $nil). </div>\nThere are no planned supplementary contributions to the US Plan for 2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f26614": {
   "value": "Accounting policy <div class=\"t sc_208\" id=\"tw_208\" style=\"left:53px;bottom:555px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group sponsors de\ufb01ned bene\ufb01t plans in a number of countries. A de\ufb01ned bene\ufb01t pension plan de\ufb01nes an amount of pension </div>\n<div class=\"t sc_208\" id=\"tx_208\" style=\"left:53px;bottom:539px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">bene\ufb01t that an employee will receive on retirement or a minimum guaranteed return on contributions, which is dependent on various </div>\n<div class=\"t sc_208\" id=\"ty_208\" style=\"left:53px;bottom:524px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">factors such as age, years of service and \ufb01nal salary. The Group\u2019s obligation is calculated separately for each plan by discounting </div>\n<div class=\"t sc_208\" id=\"tz_208\" style=\"left:53px;bottom:509px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">the\u00a0estimated future bene\ufb01t that employees have\u00a0earned in return for their service in the current and prior periods. The fair value </div>\n<div class=\"t sc_208\" id=\"t10_208\" style=\"left:53px;bottom:494px;letter-spacing:0.11px;word-spacing:-0.1px;display:inline;\">of\u00a0any plan assets is deducted to arrive at the net liability. </div>\n<div class=\"t sc_208\" id=\"t11_208\" style=\"left:53px;bottom:470px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The calculation of the de\ufb01ned bene\ufb01t obligation is performed annually by external actuaries using the projected unit credit method. </div>\n<div class=\"t sc_208\" id=\"t12_208\" style=\"left:53px;bottom:454px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Remeasurements arising from de\ufb01ned bene\ufb01t plans comprise actuarial gains and losses and the return on the plan assets in excess </div>\n<div class=\"t sc_208\" id=\"t13_208\" style=\"left:53px;bottom:439px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">of the discount rate net of the costs of\u00a0managing the plan assets. The Group recognises these immediately in other comprehensive </div>\n<div class=\"t sc_208\" id=\"t14_208\" style=\"left:53px;bottom:424px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">income (OCI) and all other expenses, such as service cost, net interest cost, administration costs and taxes, are recognised in the </div>\n<div class=\"t sc_208\" id=\"t15_208\" style=\"left:53px;bottom:409px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">income statement. </div>\n<div class=\"t sc_208\" id=\"t16_208\" style=\"left:53px;bottom:385px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">A number of key assumptions are made when calculating the fair value of the Group\u2019s de\ufb01ned bene\ufb01t pension plans. These </div>\n<div class=\"t sc_208\" id=\"t17_208\" style=\"left:53px;bottom:369px;word-spacing:-0.11px;display:inline;\">assumptions impact the balance sheet asset and liabilities, operating pro\ufb01t, \ufb01nance income/costs and other comprehensive income. </div>\n<div class=\"t sc_208\" id=\"t18_208\" style=\"left:53px;bottom:354px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The most critical assumptions are the discount rate, the rate of in\ufb02ation and mortality assumptions to be applied to future pension </div>\n<div class=\"t sc_208\" id=\"t19_208\" style=\"left:53px;bottom:339px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">plan liabilities. The discount rate is based on the yield at the reporting date on bonds that have a credit rating of AA, denominated </div>\n<div class=\"t sc_208\" id=\"t1a_208\" style=\"left:53px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">in the currency in which the bene\ufb01ts are expected to be paid and have a maturity pro\ufb01le approximately the same as the\u00a0Group\u2019s </div>\n<div class=\"t sc_208\" id=\"t1b_208\" style=\"left:53px;bottom:308px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">obligations. In determining these assumptions management takes into account the advice of professional external actuaries </div>\n<div class=\"t sc_208\" id=\"t1c_208\" style=\"left:53px;bottom:293px;letter-spacing:0.18px;word-spacing:-0.15px;display:inline;\">and\u00a0benchmarks its assumptions against external data. </div>\n<div class=\"t sc_208\" id=\"t1d_208\" style=\"left:53px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group determines the net interest expense/income on the net de\ufb01ned bene\ufb01t liability/asset for the period by applying the </div>\n<div class=\"t sc_208\" id=\"t1e_208\" style=\"left:53px;bottom:254px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">discount rate used to\u00a0measure the de\ufb01ned bene\ufb01t obligation at the beginning of the annual period to the net de\ufb01ned bene\ufb01t </div>\n<div class=\"t sc_208\" id=\"t1f_208\" style=\"left:53px;bottom:238px;letter-spacing:0.09px;display:inline;\">liability/asset. </div>\n<div class=\"t sc_208\" id=\"t1g_208\" style=\"left:53px;bottom:215px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The Group also operates a number of de\ufb01ned contribution plans. A de\ufb01ned contribution plan is a pension plan under which the </div>\n<div class=\"t sc_208\" id=\"t1h_208\" style=\"left:53px;bottom:199px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Group\u00a0and employees pay \ufb01xed contributions to a third-party \ufb01nancial provider. The Group has no further payment obligations </div>\nonce\u00a0the contributions have\u00a0been\u00a0paid. Contributions are recognised as an employee bene\ufb01t expense when they are due. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f27717": {
   "value": "19 <div class=\"t s2_215\" id=\"t2_215\" style=\"left:87px;bottom:956px;letter-spacing:-0.03px;display:inline;\">Equity </div>\n<div class=\"t s3_215\" id=\"t3_215\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_215\" id=\"t4_215\" style=\"left:74px;bottom:911px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Incremental costs directly attributable to the issue of ordinary shares, net of any tax e\ufb00ects, are recognised as a deduction </div>\n<div class=\"t s4_215\" id=\"t5_215\" style=\"left:74px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">from equity. </div>\n<div class=\"t s4_215\" id=\"t6_215\" style=\"left:74px;bottom:872px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable </div>\n<div class=\"t s4_215\" id=\"t7_215\" style=\"left:74px;bottom:857px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">costs, net of any tax e\ufb00ects, is recognised as a deduction from equity. Repurchased shares are classi\ufb01ed as treasury shares and </div>\n<div class=\"t s4_215\" id=\"t8_215\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are\u00a0presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is </div>\n<div class=\"t s4_215\" id=\"t9_215\" style=\"left:74px;bottom:826px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">recognised as an increase in\u00a0equity and the resulting surplus or de\ufb01cit on the transaction is presented within share premium. </div>\n<div class=\"t s5_215\" id=\"ta_215\" style=\"left:65px;bottom:788px;letter-spacing:-0.56px;display:inline;\">19.1 </div><div class=\"t s6_215\" id=\"tb_215\" style=\"left:95px;bottom:788px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Share capital </div>\n<div class=\"t s7_215\" id=\"tc_215\" style=\"left:495px;bottom:766px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Ordinary shares (20\u00a2) </div><div class=\"t s7_215\" id=\"td_215\" style=\"left:657px;bottom:766px;letter-spacing:-0.14px;word-spacing:-0.11px;display:inline;\">Deferred shares (\u00a31.00) </div>\n<div class=\"t s7_215\" id=\"te_215\" style=\"left:836px;bottom:762px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s7_215\" id=\"tf_215\" style=\"left:433px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tg_215\" style=\"left:435px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"th_215\" style=\"left:438px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ti_215\" style=\"left:440px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:467px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tk_215\" style=\"left:522px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tl_215\" style=\"left:524px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tm_215\" style=\"left:527px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tn_215\" style=\"left:560px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"to_215\" style=\"left:606px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tp_215\" style=\"left:609px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tq_215\" style=\"left:611px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tr_215\" style=\"left:613px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ts_215\" style=\"left:640px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tt_215\" style=\"left:695px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tu_215\" style=\"left:698px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tv_215\" style=\"left:700px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tw_215\" style=\"left:733px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"tx_215\" style=\"left:780px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ty_215\" style=\"left:782px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tz_215\" style=\"left:784px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t10_215\" style=\"left:787px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t11_215\" style=\"left:820px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"t12_215\" style=\"left:866px;bottom:750px;display:inline;\">\u00a0</div>\n<div class=\"t s8_215\" id=\"t13_215\" style=\"left:69px;bottom:730px;letter-spacing:0.16px;display:inline;\">Authorised </div><div class=\"t s9_215\" id=\"t14_215\" style=\"left:503px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t15_215\" style=\"left:506px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t16_215\" style=\"left:590px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t17_215\" style=\"left:593px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t18_215\" style=\"left:677px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t19_215\" style=\"left:680px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1a_215\" style=\"left:763px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1b_215\" style=\"left:766px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1c_215\" style=\"left:850px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1d_215\" style=\"left:853px;bottom:730px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t1e_215\" style=\"left:65px;bottom:711px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t1f_215\" style=\"left:456px;bottom:711px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1g_215\" style=\"left:579px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1h_215\" style=\"left:673px;bottom:711px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1i_215\" style=\"left:767px;bottom:711px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1j_215\" style=\"left:839px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1k_215\" style=\"left:65px;bottom:693px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t1l_215\" style=\"left:456px;bottom:693px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1m_215\" style=\"left:579px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1n_215\" style=\"left:673px;bottom:693px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1o_215\" style=\"left:767px;bottom:693px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1p_215\" style=\"left:839px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1q_215\" style=\"left:65px;bottom:675px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t1r_215\" style=\"left:450px;bottom:675px;letter-spacing:-0.12px;display:inline;\">1,223,591 </div><div class=\"t sa_215\" id=\"t1s_215\" style=\"left:577px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div><div class=\"t sa_215\" id=\"t1t_215\" style=\"left:672px;bottom:675px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t1u_215\" style=\"left:767px;bottom:675px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t1v_215\" style=\"left:837px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div>\n<div class=\"t s8_215\" id=\"t1w_215\" style=\"left:69px;bottom:656px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Allotted, issued and fully paid </div><div class=\"t s9_215\" id=\"t1x_215\" style=\"left:503px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1y_215\" style=\"left:506px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1z_215\" style=\"left:590px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t20_215\" style=\"left:593px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t21_215\" style=\"left:677px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t22_215\" style=\"left:680px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t23_215\" style=\"left:763px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t24_215\" style=\"left:766px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t25_215\" style=\"left:850px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t26_215\" style=\"left:853px;bottom:656px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t27_215\" style=\"left:65px;bottom:638px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">At 1 January\u00a02020 </div><div class=\"t s9_215\" id=\"t28_215\" style=\"left:466px;bottom:638px;letter-spacing:-0.15px;display:inline;\">885,207 </div><div class=\"t s9_215\" id=\"t29_215\" style=\"left:579px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2a_215\" style=\"left:673px;bottom:638px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2b_215\" style=\"left:767px;bottom:638px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2c_215\" style=\"left:839px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2d_215\" style=\"left:65px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2e_215\" style=\"left:492px;bottom:619px;letter-spacing:-0.53px;display:inline;\">327 </div><div class=\"t s9_215\" id=\"t2f_215\" style=\"left:593px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2g_215\" style=\"left:680px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2h_215\" style=\"left:767px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2i_215\" style=\"left:853px;bottom:619px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2j_215\" style=\"left:65px;bottom:601px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t s9_215\" id=\"t2k_215\" style=\"left:488px;bottom:601px;letter-spacing:-0.18px;display:inline;\">(649) </div><div class=\"t s9_215\" id=\"t2l_215\" style=\"left:593px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2m_215\" style=\"left:680px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2n_215\" style=\"left:767px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2o_215\" style=\"left:853px;bottom:601px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2p_215\" style=\"left:65px;bottom:582px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t2q_215\" style=\"left:465px;bottom:582px;letter-spacing:0.03px;display:inline;\">884,885 </div><div class=\"t s9_215\" id=\"t2r_215\" style=\"left:579px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2s_215\" style=\"left:673px;bottom:582px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2t_215\" style=\"left:767px;bottom:582px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2u_215\" style=\"left:839px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2v_215\" style=\"left:65px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2w_215\" style=\"left:491px;bottom:564px;letter-spacing:0.04px;display:inline;\">306 </div><div class=\"t s9_215\" id=\"t2x_215\" style=\"left:593px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2y_215\" style=\"left:680px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2z_215\" style=\"left:767px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t30_215\" style=\"left:853px;bottom:564px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t31_215\" style=\"left:65px;bottom:546px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t32_215\" style=\"left:467px;bottom:546px;letter-spacing:-0.26px;display:inline;\">885,191 </div><div class=\"t s9_215\" id=\"t33_215\" style=\"left:579px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t34_215\" style=\"left:673px;bottom:546px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t35_215\" style=\"left:767px;bottom:546px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t36_215\" style=\"left:839px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t37_215\" style=\"left:65px;bottom:527px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t sa_215\" id=\"t38_215\" style=\"left:490px;bottom:527px;letter-spacing:-0.39px;display:inline;\">229 </div><div class=\"t sa_215\" id=\"t39_215\" style=\"left:594px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3a_215\" style=\"left:681px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3b_215\" style=\"left:767px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3c_215\" style=\"left:854px;bottom:527px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t3d_215\" style=\"left:65px;bottom:509px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_215\" id=\"t3e_215\" style=\"left:475px;bottom:509px;letter-spacing:-0.38px;display:inline;\">(7,770) </div><div class=\"t sa_215\" id=\"t3f_215\" style=\"left:588px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sa_215\" id=\"t3g_215\" style=\"left:681px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3h_215\" style=\"left:767px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3i_215\" style=\"left:848px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div>\n<div class=\"t s8_215\" id=\"t3j_215\" style=\"left:65px;bottom:490px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t3k_215\" style=\"left:463px;bottom:490px;letter-spacing:-0.37px;display:inline;\">877,650 </div><div class=\"t sa_215\" id=\"t3l_215\" style=\"left:578px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t sa_215\" id=\"t3m_215\" style=\"left:671px;bottom:490px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t3n_215\" style=\"left:767px;bottom:490px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3o_215\" style=\"left:837px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div>\n<div class=\"t s9_215\" id=\"t3p_215\" style=\"left:65px;bottom:461px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The deferred shares were issued in 2006 in order to comply with English Company law. They are not listed on any stock exchange </div>\n<div class=\"t s9_215\" id=\"t3q_215\" style=\"left:65px;bottom:446px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0have extremely limited rights and e\ufb00ectively have no value. These rights are summarised as follows: </div>\n<div class=\"t s9_215\" id=\"t3r_215\" style=\"left:65px;bottom:422px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3s_215\" style=\"left:78px;bottom:422px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The holder shall not be entitled to participate in the pro\ufb01ts of the Company; </div>\n<div class=\"t s9_215\" id=\"t3t_215\" style=\"left:65px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3u_215\" style=\"left:78px;bottom:405px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The holder shall not have any right to participate in any distribution of the Company\u2019s assets on a winding-up or other distribution </div>\n<div class=\"t s9_215\" id=\"t3v_215\" style=\"left:78px;bottom:389px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">except that a\ufb05er the return of the nominal amount paid up on each share in the capital of the Company of any class other than </div>\n<div class=\"t s9_215\" id=\"t3w_215\" style=\"left:78px;bottom:374px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the deferred shares and the distribution of a further $1,000 in respect of each such share there shall be distributed to a holder </div>\n<div class=\"t s9_215\" id=\"t3x_215\" style=\"left:78px;bottom:359px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of a deferred share (for\u00a0each deferred share held) an amount equal to the nominal value of the deferred share; </div>\n<div class=\"t s9_215\" id=\"t3y_215\" style=\"left:65px;bottom:341px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3z_215\" style=\"left:78px;bottom:341px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The holder shall not be entitled to receive notice, attend, speak or vote at any general meeting of the Company; and </div>\n<div class=\"t s9_215\" id=\"t40_215\" style=\"left:65px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t41_215\" style=\"left:78px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Company may create, allot and issue further shares or reduce or repay the whole or any part of its share capital or other </div>\n<div class=\"t s9_215\" id=\"t42_215\" style=\"left:78px;bottom:309px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">capital\u00a0reserves without obtaining the consent of the holders of the deferred shares. </div>\n<div class=\"t s9_215\" id=\"t43_215\" style=\"left:65px;bottom:285px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The Group\u2019s objectives when managing capital are to ensure the Group has adequate funds to continue as a going concern and su\ufb03cient </div>\n<div class=\"t s9_215\" id=\"t44_215\" style=\"left:65px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02exibility within the capital structure to fund the ongoing growth of the business and to take advantage of business development </div>\n<div class=\"t s9_215\" id=\"t45_215\" style=\"left:65px;bottom:254px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">opportunities including acquisitions. </div>\n<div class=\"t s9_215\" id=\"t46_215\" style=\"left:65px;bottom:230px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group determines the amount of capital taking into account changes in business risks and future cash requirements. The Group </div>\n<div class=\"t s9_215\" id=\"t47_215\" style=\"left:65px;bottom:215px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">reviews its capital structure on an ongoing basis and uses share buy-backs, dividends and the issue of new shares to adjust the </div>\n<div class=\"t s9_215\" id=\"t48_215\" style=\"left:65px;bottom:200px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">retained capital. </div>\n<div class=\"t sb_215\" id=\"t49_215\" style=\"left:830px;bottom:11px;letter-spacing:-1.01px;display:inline;\">213 </div><div class=\"t sc_215\" id=\"t4a_215\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_215\" id=\"t4b_215\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t se_215\" id=\"t4c_215\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t se_215\" id=\"t4d_215\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sf_215\" id=\"t4e_215\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t se_215\" id=\"t4f_215\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_216\" id=\"t1_216\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_216\" id=\"t2_216\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_216\" id=\"t3_216\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_216\" id=\"t4_216\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_216\" id=\"t5_216\" style=\"left:43px;bottom:956px;letter-spacing:-0.84px;display:inline;\">19 </div><div class=\"t s6_216\" id=\"t6_216\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;display:inline;\">Equity </div><div class=\"t s7_216\" id=\"t7_216\" style=\"left:113px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_216\" id=\"t8_216\" style=\"left:43px;bottom:939px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group considers the capital that it manages to be as follows: </div>\n<div class=\"t s9_216\" id=\"t9_216\" style=\"left:585px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ta_216\" style=\"left:587px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tb_216\" style=\"left:640px;bottom:925px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_216\" id=\"tc_216\" style=\"left:727px;bottom:925px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_216\" id=\"td_216\" style=\"left:813px;bottom:925px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_216\" id=\"te_216\" style=\"left:585px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tf_216\" style=\"left:587px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tg_216\" style=\"left:589px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"th_216\" style=\"left:592px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ti_216\" style=\"left:625px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tj_216\" style=\"left:671px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tk_216\" style=\"left:674px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tl_216\" style=\"left:676px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tm_216\" style=\"left:678px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tn_216\" style=\"left:711px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"to_216\" style=\"left:758px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tp_216\" style=\"left:760px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tq_216\" style=\"left:763px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tr_216\" style=\"left:765px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ts_216\" style=\"left:798px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tt_216\" style=\"left:844px;bottom:913px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"tu_216\" style=\"left:43px;bottom:894px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Share capital </div><div class=\"t sa_216\" id=\"tv_216\" style=\"left:643px;bottom:894px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t s8_216\" id=\"tw_216\" style=\"left:731px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s8_216\" id=\"tx_216\" style=\"left:817px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s8_216\" id=\"ty_216\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Share premium </div><div class=\"t sa_216\" id=\"tz_216\" style=\"left:642px;bottom:875px;letter-spacing:-0.44px;display:inline;\">615 </div><div class=\"t s8_216\" id=\"t10_216\" style=\"left:731px;bottom:875px;letter-spacing:-0.73px;display:inline;\">614 </div><div class=\"t s8_216\" id=\"t11_216\" style=\"left:817px;bottom:875px;letter-spacing:-0.53px;display:inline;\">612 </div>\n<div class=\"t s8_216\" id=\"t12_216\" style=\"left:43px;bottom:857px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Capital redemption reserve </div><div class=\"t sa_216\" id=\"t13_216\" style=\"left:650px;bottom:857px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s8_216\" id=\"t14_216\" style=\"left:738px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s8_216\" id=\"t15_216\" style=\"left:825px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div>\n<div class=\"t s8_216\" id=\"t16_216\" style=\"left:43px;bottom:838px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Treasury shares </div><div class=\"t sa_216\" id=\"t17_216\" style=\"left:637px;bottom:838px;letter-spacing:-0.35px;display:inline;\">(118) </div><div class=\"t s8_216\" id=\"t18_216\" style=\"left:727px;bottom:838px;letter-spacing:-0.25px;display:inline;\">(120) </div><div class=\"t s8_216\" id=\"t19_216\" style=\"left:813px;bottom:838px;letter-spacing:-0.13px;display:inline;\">(157) </div>\n<div class=\"t s8_216\" id=\"t1a_216\" style=\"left:43px;bottom:820px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Retained earnings and other reserves </div><div class=\"t sa_216\" id=\"t1b_216\" style=\"left:630px;bottom:820px;letter-spacing:-0.09px;display:inline;\">4,567 </div><div class=\"t s8_216\" id=\"t1c_216\" style=\"left:720px;bottom:820px;letter-spacing:-0.14px;display:inline;\">4,879 </div><div class=\"t s8_216\" id=\"t1d_216\" style=\"left:807px;bottom:820px;letter-spacing:-0.21px;display:inline;\">4,629 </div>\n<div class=\"t sa_216\" id=\"t1e_216\" style=\"left:630px;bottom:802px;letter-spacing:-0.14px;display:inline;\">5,259 </div><div class=\"t s8_216\" id=\"t1f_216\" style=\"left:719px;bottom:802px;letter-spacing:0.01px;display:inline;\">5,568 </div><div class=\"t s8_216\" id=\"t1g_216\" style=\"left:806px;bottom:802px;letter-spacing:-0.19px;display:inline;\">5,279 </div>\n<div class=\"t sb_216\" id=\"t1h_216\" style=\"left:43px;bottom:772px;letter-spacing:-0.45px;display:inline;\">19.2 </div><div class=\"t sc_216\" id=\"t1i_216\" style=\"left:74px;bottom:772px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Treasury shares </div>\n<div class=\"t s8_216\" id=\"t1j_216\" style=\"left:43px;bottom:755px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Treasury shares represent the holding of the Company\u2019s own shares in respect of the Smith &amp; Nephew Employees\u2019 Share Trust and </div>\n<div class=\"t s8_216\" id=\"t1k_216\" style=\"left:43px;bottom:739px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">shares bought back as part of the share buy-back programme. In 2022, the Group purchased a total of 10.1m shares (2021: nil shares) </div>\n<div class=\"t s8_216\" id=\"t1l_216\" style=\"left:43px;bottom:724px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">for\u00a0a cost of $158m (2021: $nil). </div>\n<div class=\"t s8_216\" id=\"t1m_216\" style=\"left:43px;bottom:700px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The Smith &amp; Nephew 2004 Employees\u2019 Share Trust (Trust) was established to hold shares relating to the long-term incentive plans </div>\n<div class=\"t s8_216\" id=\"t1n_216\" style=\"left:43px;bottom:685px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">referred to in the Directors\u2019 Remuneration Report. The Trust is administered by an independent professional trust company resident </div>\n<div class=\"t s8_216\" id=\"t1o_216\" style=\"left:43px;bottom:670px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">in\u00a0Jersey and is funded by a loan from the Company. The cost of the Trust is charged to the income statement as it accrues. A dividend </div>\n<div class=\"t s8_216\" id=\"t1p_216\" style=\"left:43px;bottom:654px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">waiver is in place in respect of those shares held under the long-term incentive plans. The Trust only accepts dividends in respect of </div>\n<div class=\"t s8_216\" id=\"t1q_216\" style=\"left:43px;bottom:639px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">nil-cost options and deferred bonus plan shares. The waiver represents less than 1% of the total dividends paid. </div>\n<div class=\"t s8_216\" id=\"t1r_216\" style=\"left:43px;bottom:615px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The movements in Treasury shares and the Employees\u2019 Share Trust are as follows: </div>\n<div class=\"t s9_216\" id=\"t1s_216\" style=\"left:585px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1t_216\" style=\"left:587px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1u_216\" style=\"left:674px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1v_216\" style=\"left:698px;bottom:601px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t1w_216\" style=\"left:844px;bottom:601px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t1x_216\" style=\"left:624px;bottom:589px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t1y_216\" style=\"left:697px;bottom:589px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t1z_216\" style=\"left:815px;bottom:589px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s9_216\" id=\"t20_216\" style=\"left:585px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t21_216\" style=\"left:587px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t22_216\" style=\"left:589px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t23_216\" style=\"left:592px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t24_216\" style=\"left:625px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t25_216\" style=\"left:671px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t26_216\" style=\"left:674px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t27_216\" style=\"left:676px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t28_216\" style=\"left:678px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t29_216\" style=\"left:711px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2a_216\" style=\"left:758px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:760px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2c_216\" style=\"left:763px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2d_216\" style=\"left:765px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2e_216\" style=\"left:798px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2f_216\" style=\"left:844px;bottom:577px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"t2g_216\" style=\"left:43px;bottom:558px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t2h_216\" style=\"left:643px;bottom:558px;letter-spacing:-0.14px;display:inline;\">136 </div><div class=\"t s8_216\" id=\"t2i_216\" style=\"left:738px;bottom:558px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t s8_216\" id=\"t2j_216\" style=\"left:817px;bottom:558px;letter-spacing:-0.36px;display:inline;\">157 </div>\n<div class=\"t s8_216\" id=\"t2k_216\" style=\"left:43px;bottom:539px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t2l_216\" style=\"left:647px;bottom:539px;letter-spacing:-0.02px;display:inline;\">(30) </div><div class=\"t s8_216\" id=\"t2m_216\" style=\"left:738px;bottom:539px;display:inline;\">30 </div><div class=\"t s8_216\" id=\"t2n_216\" style=\"left:832px;bottom:539px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t2o_216\" style=\"left:43px;bottom:521px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t2p_216\" style=\"left:648px;bottom:521px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t s8_216\" id=\"t2q_216\" style=\"left:734px;bottom:521px;letter-spacing:-0.24px;display:inline;\">(24) </div><div class=\"t s8_216\" id=\"t2r_216\" style=\"left:820px;bottom:521px;letter-spacing:-0.01px;display:inline;\">(37) </div>\n<div class=\"t s8_216\" id=\"t2s_216\" style=\"left:43px;bottom:502px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t2t_216\" style=\"left:651px;bottom:502px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s8_216\" id=\"t2u_216\" style=\"left:738px;bottom:502px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t s8_216\" id=\"t2v_216\" style=\"left:817px;bottom:502px;letter-spacing:-0.33px;display:inline;\">120 </div>\n<div class=\"t s8_216\" id=\"t2w_216\" style=\"left:43px;bottom:484px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t2x_216\" style=\"left:642px;bottom:484px;letter-spacing:-0.23px;display:inline;\">150 </div><div class=\"t sa_216\" id=\"t2y_216\" style=\"left:745px;bottom:484px;display:inline;\">8 </div><div class=\"t sa_216\" id=\"t2z_216\" style=\"left:815px;bottom:484px;letter-spacing:-0.24px;display:inline;\">158 </div>\n<div class=\"t s8_216\" id=\"t30_216\" style=\"left:43px;bottom:465px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t31_216\" style=\"left:646px;bottom:465px;letter-spacing:-0.58px;display:inline;\">(41) </div><div class=\"t sa_216\" id=\"t32_216\" style=\"left:737px;bottom:465px;letter-spacing:-0.57px;display:inline;\">41 </div><div class=\"t sa_216\" id=\"t33_216\" style=\"left:832px;bottom:465px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t34_216\" style=\"left:43px;bottom:447px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t35_216\" style=\"left:653px;bottom:447px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_216\" id=\"t36_216\" style=\"left:732px;bottom:447px;letter-spacing:-0.21px;display:inline;\">(25) </div><div class=\"t sa_216\" id=\"t37_216\" style=\"left:819px;bottom:447px;letter-spacing:-0.44px;display:inline;\">(31) </div>\n<div class=\"t s8_216\" id=\"t38_216\" style=\"left:43px;bottom:429px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t39_216\" style=\"left:637px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div><div class=\"t sa_216\" id=\"t3a_216\" style=\"left:746px;bottom:429px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t3b_216\" style=\"left:810px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div>\n<div class=\"t sd_216\" id=\"t3c_216\" style=\"left:43px;bottom:410px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t3d_216\" style=\"left:650px;bottom:410px;letter-spacing:-0.45px;display:inline;\">67 </div><div class=\"t sa_216\" id=\"t3e_216\" style=\"left:737px;bottom:410px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sa_216\" id=\"t3f_216\" style=\"left:815px;bottom:410px;letter-spacing:-0.49px;display:inline;\">118 </div>\n<div class=\"t s9_216\" id=\"t3g_216\" style=\"left:585px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3h_216\" style=\"left:587px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3i_216\" style=\"left:674px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3j_216\" style=\"left:698px;bottom:383px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t3k_216\" style=\"left:844px;bottom:383px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3l_216\" style=\"left:624px;bottom:371px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t3m_216\" style=\"left:697px;bottom:371px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t3n_216\" style=\"left:815px;bottom:371px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_216\" id=\"t3o_216\" style=\"left:627px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3p_216\" style=\"left:714px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3q_216\" style=\"left:800px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div>\n<div class=\"t s9_216\" id=\"t3r_216\" style=\"left:622px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3s_216\" style=\"left:709px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3t_216\" style=\"left:795px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3u_216\" style=\"left:844px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3v_216\" style=\"left:585px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3w_216\" style=\"left:587px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3x_216\" style=\"left:589px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3y_216\" style=\"left:592px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3z_216\" style=\"left:634px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t40_216\" style=\"left:674px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t41_216\" style=\"left:676px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t42_216\" style=\"left:678px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t43_216\" style=\"left:721px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t44_216\" style=\"left:760px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t45_216\" style=\"left:763px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t46_216\" style=\"left:765px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t47_216\" style=\"left:807px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div>\n<div class=\"t s8_216\" id=\"t48_216\" style=\"left:43px;bottom:310px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t49_216\" style=\"left:650px;bottom:310px;letter-spacing:-0.89px;display:inline;\">7.9 </div><div class=\"t s8_216\" id=\"t4a_216\" style=\"left:735px;bottom:310px;letter-spacing:0.01px;display:inline;\">1.2 </div><div class=\"t s8_216\" id=\"t4b_216\" style=\"left:822px;bottom:310px;letter-spacing:-0.34px;display:inline;\">9.1 </div>\n<div class=\"t s8_216\" id=\"t4c_216\" style=\"left:43px;bottom:292px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t4d_216\" style=\"left:645px;bottom:292px;letter-spacing:-0.11px;display:inline;\">(1.7) </div><div class=\"t s8_216\" id=\"t4e_216\" style=\"left:735px;bottom:292px;letter-spacing:-0.29px;display:inline;\">1.7 </div><div class=\"t s8_216\" id=\"t4f_216\" style=\"left:832px;bottom:292px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4g_216\" style=\"left:43px;bottom:273px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t4h_216\" style=\"left:644px;bottom:273px;letter-spacing:-0.05px;display:inline;\">(0.8) </div><div class=\"t s8_216\" id=\"t4i_216\" style=\"left:731px;bottom:273px;letter-spacing:-0.07px;display:inline;\">(1.3) </div><div class=\"t s8_216\" id=\"t4j_216\" style=\"left:818px;bottom:273px;letter-spacing:-0.27px;display:inline;\">(2.1) </div>\n<div class=\"t s8_216\" id=\"t4k_216\" style=\"left:43px;bottom:255px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t4l_216\" style=\"left:648px;bottom:255px;letter-spacing:-0.1px;display:inline;\">5.4 </div><div class=\"t s8_216\" id=\"t4m_216\" style=\"left:735px;bottom:255px;letter-spacing:-0.09px;display:inline;\">1.6 </div><div class=\"t s8_216\" id=\"t4n_216\" style=\"left:823px;bottom:255px;letter-spacing:-0.76px;display:inline;\">7.0 </div>\n<div class=\"t s8_216\" id=\"t4o_216\" style=\"left:43px;bottom:237px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t4p_216\" style=\"left:647px;bottom:237px;letter-spacing:-0.29px;display:inline;\">9.7 </div><div class=\"t sa_216\" id=\"t4q_216\" style=\"left:733px;bottom:237px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t sa_216\" id=\"t4r_216\" style=\"left:812px;bottom:237px;letter-spacing:-0.16px;display:inline;\">10.1 </div>\n<div class=\"t s8_216\" id=\"t4s_216\" style=\"left:43px;bottom:218px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t4t_216\" style=\"left:641px;bottom:218px;letter-spacing:-0.02px;display:inline;\">(2.6) </div><div class=\"t sa_216\" id=\"t4u_216\" style=\"left:733px;bottom:218px;letter-spacing:0.03px;display:inline;\">2.6 </div><div class=\"t sa_216\" id=\"t4v_216\" style=\"left:832px;bottom:218px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4w_216\" style=\"left:43px;bottom:200px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t4x_216\" style=\"left:642px;bottom:200px;letter-spacing:-0.09px;display:inline;\">(0.4) </div><div class=\"t sa_216\" id=\"t4y_216\" style=\"left:728px;bottom:200px;letter-spacing:-0.06px;display:inline;\">(1.4) </div><div class=\"t sa_216\" id=\"t4z_216\" style=\"left:815px;bottom:200px;letter-spacing:-0.03px;display:inline;\">(1.8) </div>\n<div class=\"t s8_216\" id=\"t50_216\" style=\"left:43px;bottom:181px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t51_216\" style=\"left:643px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div><div class=\"t sa_216\" id=\"t52_216\" style=\"left:746px;bottom:181px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t53_216\" style=\"left:816px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div>\n<div class=\"t sd_216\" id=\"t54_216\" style=\"left:43px;bottom:163px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t55_216\" style=\"left:646px;bottom:163px;letter-spacing:0.18px;display:inline;\">4.3 </div><div class=\"t sa_216\" id=\"t56_216\" style=\"left:733px;bottom:163px;letter-spacing:0.1px;display:inline;\">3.2 </div><div class=\"t sa_216\" id=\"t57_216\" style=\"left:821px;bottom:163px;letter-spacing:-0.51px;display:inline;\">7.5 </div>\n<div class=\"t se_216\" id=\"t58_216\" style=\"left:43px;bottom:11px;letter-spacing:-1.47px;display:inline;\">214 </div><div class=\"t sf_216\" id=\"t59_216\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sg_216\" id=\"t5a_216\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_217\" id=\"t1_217\" style=\"left:65px;bottom:957px;letter-spacing:-0.41px;display:inline;\">19.3 </div><div class=\"t s2_217\" id=\"t2_217\" style=\"left:96px;bottom:957px;letter-spacing:-0.12px;display:inline;\">Dividends </div>\n<div class=\"t s3_217\" id=\"t3_217\" style=\"left:606px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t4_217\" style=\"left:609px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t5_217\" style=\"left:662px;bottom:935px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_217\" id=\"t6_217\" style=\"left:748px;bottom:935px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_217\" id=\"t7_217\" style=\"left:835px;bottom:935px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_217\" id=\"t8_217\" style=\"left:606px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t9_217\" style=\"left:609px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"ta_217\" style=\"left:611px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tb_217\" style=\"left:613px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tc_217\" style=\"left:646px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"td_217\" style=\"left:693px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"te_217\" style=\"left:695px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tf_217\" style=\"left:698px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tg_217\" style=\"left:700px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"th_217\" style=\"left:733px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"ti_217\" style=\"left:780px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tj_217\" style=\"left:782px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tk_217\" style=\"left:784px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tl_217\" style=\"left:787px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tm_217\" style=\"left:820px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"tn_217\" style=\"left:866px;bottom:923px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"to_217\" style=\"left:65px;bottom:904px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The following dividends were declared and paid in the\u00a0year: </div><div class=\"t s5_217\" id=\"tp_217\" style=\"left:677px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"tq_217\" style=\"left:680px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tr_217\" style=\"left:763px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"ts_217\" style=\"left:766px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tt_217\" style=\"left:850px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tu_217\" style=\"left:853px;bottom:904px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"tv_217\" style=\"left:65px;bottom:885px;letter-spacing:-0.11px;word-spacing:0.14px;display:inline;\">Ordinary \ufb01nal of 23.1\u00a2 for 2021 (2020: 23.1\u00a2, 2019: 23.1\u00a2) paid 11 May 2022 </div><div class=\"t s5_217\" id=\"tw_217\" style=\"left:663px;bottom:885px;letter-spacing:-0.27px;display:inline;\">202 </div><div class=\"t s4_217\" id=\"tx_217\" style=\"left:752px;bottom:885px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s4_217\" id=\"ty_217\" style=\"left:839px;bottom:885px;letter-spacing:-0.44px;display:inline;\">202 </div>\n<div class=\"t s4_217\" id=\"tz_217\" style=\"left:65px;bottom:867px;letter-spacing:-0.06px;word-spacing:0.09px;display:inline;\">Ordinary interim of 14.4\u00a2 for 2022 (2021: 14.4\u00a2, 2020: 14.4\u00a2) paid 26 October 2022 </div><div class=\"t s5_217\" id=\"t10_217\" style=\"left:664px;bottom:867px;letter-spacing:-0.38px;display:inline;\">125 </div><div class=\"t s4_217\" id=\"t11_217\" style=\"left:752px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t s4_217\" id=\"t12_217\" style=\"left:839px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div>\n<div class=\"t s5_217\" id=\"t13_217\" style=\"left:664px;bottom:848px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t s4_217\" id=\"t14_217\" style=\"left:752px;bottom:848px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t s4_217\" id=\"t15_217\" style=\"left:839px;bottom:848px;letter-spacing:-0.48px;display:inline;\">328 </div>\n<div class=\"t s4_217\" id=\"t16_217\" style=\"left:65px;bottom:819px;letter-spacing:0.02px;word-spacing:-0.06px;display:inline;\">A \ufb01nal dividend for 2022 of 23.1 US cents per ordinary share was proposed by the Board on 21 February 2023 and will be paid, subject </div>\n<div class=\"t s4_217\" id=\"t17_217\" style=\"left:65px;bottom:804px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">to shareholder approval, on 17 May 2023 to shareholders on the Register of Members on 31 March 2023. The estimated amount of this </div>\n<div class=\"t s4_217\" id=\"t18_217\" style=\"left:65px;bottom:789px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">dividend is $201m. The Group pursues a progressive dividend policy, with the aim of increasing the US Dollar value of ordinary dividends </div>\n<div class=\"t s4_217\" id=\"t19_217\" style=\"left:65px;bottom:774px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">over time broadly based on the Group\u2019s underlying growth in earnings, while taking into account capital requirements and cash \ufb02ows. </div>\n<div class=\"t s4_217\" id=\"t1a_217\" style=\"left:65px;bottom:758px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Future dividends will be dependent upon future earnings, the future \ufb01nancial condition of the Group and the Board\u2019s dividend policy. </div>\n<div class=\"t s4_217\" id=\"t1b_217\" style=\"left:65px;bottom:743px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The Board reviews the appropriate level of total annual dividend each year at the time of the full year results. Smith &amp; Nephew plc, </div>\n<div class=\"t s4_217\" id=\"t1c_217\" style=\"left:65px;bottom:728px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">the\u00a0Parent Company of the Group, is a non-trading investment holding company which derives its distributable reserves from dividends </div>\n<div class=\"t s4_217\" id=\"t1d_217\" style=\"left:65px;bottom:712px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">paid by subsidiary companies. The distributable reserves of the Parent Company approximate to the balance on the pro\ufb01t and loss </div>\naccount reserve, less treasury shares and exchange reserves, which at 31 December 2022 amounted to $3,563m.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f27722": {
   "value": "Accounting policy <div class=\"t s4_215\" id=\"t4_215\" style=\"left:74px;bottom:911px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Incremental costs directly attributable to the issue of ordinary shares, net of any tax e\ufb00ects, are recognised as a deduction </div>\n<div class=\"t s4_215\" id=\"t5_215\" style=\"left:74px;bottom:896px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">from equity. </div>\n<div class=\"t s4_215\" id=\"t6_215\" style=\"left:74px;bottom:872px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable </div>\n<div class=\"t s4_215\" id=\"t7_215\" style=\"left:74px;bottom:857px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">costs, net of any tax e\ufb00ects, is recognised as a deduction from equity. Repurchased shares are classi\ufb01ed as treasury shares and </div>\n<div class=\"t s4_215\" id=\"t8_215\" style=\"left:74px;bottom:842px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">are\u00a0presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is </div>\nrecognised as an increase in\u00a0equity and the resulting surplus or de\ufb01cit on the transaction is presented within share premium.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f27732": {
   "value": "19.1 <div class=\"t s6_215\" id=\"tb_215\" style=\"left:95px;bottom:788px;letter-spacing:-0.15px;word-spacing:-0.1px;display:inline;\">Share capital </div>\n<div class=\"t s7_215\" id=\"tc_215\" style=\"left:495px;bottom:766px;letter-spacing:-0.16px;word-spacing:-0.09px;display:inline;\">Ordinary shares (20\u00a2) </div><div class=\"t s7_215\" id=\"td_215\" style=\"left:657px;bottom:766px;letter-spacing:-0.14px;word-spacing:-0.11px;display:inline;\">Deferred shares (\u00a31.00) </div>\n<div class=\"t s7_215\" id=\"te_215\" style=\"left:836px;bottom:762px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s7_215\" id=\"tf_215\" style=\"left:433px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tg_215\" style=\"left:435px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"th_215\" style=\"left:438px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ti_215\" style=\"left:440px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tj_215\" style=\"left:467px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tk_215\" style=\"left:522px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tl_215\" style=\"left:524px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tm_215\" style=\"left:527px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tn_215\" style=\"left:560px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"to_215\" style=\"left:606px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tp_215\" style=\"left:609px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tq_215\" style=\"left:611px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tr_215\" style=\"left:613px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ts_215\" style=\"left:640px;bottom:750px;letter-spacing:-0.09px;display:inline;\">Thousand\u00a0</div><div class=\"t s7_215\" id=\"tt_215\" style=\"left:695px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tu_215\" style=\"left:698px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tv_215\" style=\"left:700px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tw_215\" style=\"left:733px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"tx_215\" style=\"left:780px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"ty_215\" style=\"left:782px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"tz_215\" style=\"left:784px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t10_215\" style=\"left:787px;bottom:750px;display:inline;\">\u00a0</div><div class=\"t s7_215\" id=\"t11_215\" style=\"left:820px;bottom:750px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s7_215\" id=\"t12_215\" style=\"left:866px;bottom:750px;display:inline;\">\u00a0</div>\n<div class=\"t s8_215\" id=\"t13_215\" style=\"left:69px;bottom:730px;letter-spacing:0.16px;display:inline;\">Authorised </div><div class=\"t s9_215\" id=\"t14_215\" style=\"left:503px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t15_215\" style=\"left:506px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t16_215\" style=\"left:590px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t17_215\" style=\"left:593px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t18_215\" style=\"left:677px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t19_215\" style=\"left:680px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1a_215\" style=\"left:763px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1b_215\" style=\"left:766px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1c_215\" style=\"left:850px;bottom:730px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1d_215\" style=\"left:853px;bottom:730px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t1e_215\" style=\"left:65px;bottom:711px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t1f_215\" style=\"left:456px;bottom:711px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1g_215\" style=\"left:579px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1h_215\" style=\"left:673px;bottom:711px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1i_215\" style=\"left:767px;bottom:711px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1j_215\" style=\"left:839px;bottom:711px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1k_215\" style=\"left:65px;bottom:693px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t1l_215\" style=\"left:456px;bottom:693px;letter-spacing:-0.19px;display:inline;\">1,223,591 </div><div class=\"t s9_215\" id=\"t1m_215\" style=\"left:579px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div><div class=\"t s9_215\" id=\"t1n_215\" style=\"left:673px;bottom:693px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t1o_215\" style=\"left:767px;bottom:693px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t1p_215\" style=\"left:839px;bottom:693px;letter-spacing:-0.52px;display:inline;\">245 </div>\n<div class=\"t s9_215\" id=\"t1q_215\" style=\"left:65px;bottom:675px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t1r_215\" style=\"left:450px;bottom:675px;letter-spacing:-0.12px;display:inline;\">1,223,591 </div><div class=\"t sa_215\" id=\"t1s_215\" style=\"left:577px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div><div class=\"t sa_215\" id=\"t1t_215\" style=\"left:672px;bottom:675px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t1u_215\" style=\"left:767px;bottom:675px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t1v_215\" style=\"left:837px;bottom:675px;letter-spacing:-0.28px;display:inline;\">245 </div>\n<div class=\"t s8_215\" id=\"t1w_215\" style=\"left:69px;bottom:656px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Allotted, issued and fully paid </div><div class=\"t s9_215\" id=\"t1x_215\" style=\"left:503px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1y_215\" style=\"left:506px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t1z_215\" style=\"left:590px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t20_215\" style=\"left:593px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t21_215\" style=\"left:677px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t22_215\" style=\"left:680px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t23_215\" style=\"left:763px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t24_215\" style=\"left:766px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t25_215\" style=\"left:850px;bottom:656px;display:inline;\">\u00a0</div><div class=\"t s9_215\" id=\"t26_215\" style=\"left:853px;bottom:656px;display:inline;\">\u00a0</div>\n<div class=\"t s9_215\" id=\"t27_215\" style=\"left:65px;bottom:638px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">At 1 January\u00a02020 </div><div class=\"t s9_215\" id=\"t28_215\" style=\"left:466px;bottom:638px;letter-spacing:-0.15px;display:inline;\">885,207 </div><div class=\"t s9_215\" id=\"t29_215\" style=\"left:579px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2a_215\" style=\"left:673px;bottom:638px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2b_215\" style=\"left:767px;bottom:638px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2c_215\" style=\"left:839px;bottom:638px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2d_215\" style=\"left:65px;bottom:619px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2e_215\" style=\"left:492px;bottom:619px;letter-spacing:-0.53px;display:inline;\">327 </div><div class=\"t s9_215\" id=\"t2f_215\" style=\"left:593px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2g_215\" style=\"left:680px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2h_215\" style=\"left:767px;bottom:619px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2i_215\" style=\"left:853px;bottom:619px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2j_215\" style=\"left:65px;bottom:601px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t s9_215\" id=\"t2k_215\" style=\"left:488px;bottom:601px;letter-spacing:-0.18px;display:inline;\">(649) </div><div class=\"t s9_215\" id=\"t2l_215\" style=\"left:593px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2m_215\" style=\"left:680px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2n_215\" style=\"left:767px;bottom:601px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2o_215\" style=\"left:853px;bottom:601px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t2p_215\" style=\"left:65px;bottom:582px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December 2020 </div><div class=\"t s9_215\" id=\"t2q_215\" style=\"left:465px;bottom:582px;letter-spacing:0.03px;display:inline;\">884,885 </div><div class=\"t s9_215\" id=\"t2r_215\" style=\"left:579px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t2s_215\" style=\"left:673px;bottom:582px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t2t_215\" style=\"left:767px;bottom:582px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2u_215\" style=\"left:839px;bottom:582px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t2v_215\" style=\"left:65px;bottom:564px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t s9_215\" id=\"t2w_215\" style=\"left:491px;bottom:564px;letter-spacing:0.04px;display:inline;\">306 </div><div class=\"t s9_215\" id=\"t2x_215\" style=\"left:593px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2y_215\" style=\"left:680px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t2z_215\" style=\"left:767px;bottom:564px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t30_215\" style=\"left:853px;bottom:564px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t31_215\" style=\"left:65px;bottom:546px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s9_215\" id=\"t32_215\" style=\"left:467px;bottom:546px;letter-spacing:-0.26px;display:inline;\">885,191 </div><div class=\"t s9_215\" id=\"t33_215\" style=\"left:579px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s9_215\" id=\"t34_215\" style=\"left:673px;bottom:546px;letter-spacing:-0.14px;display:inline;\">50 </div><div class=\"t s9_215\" id=\"t35_215\" style=\"left:767px;bottom:546px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t36_215\" style=\"left:839px;bottom:546px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s9_215\" id=\"t37_215\" style=\"left:65px;bottom:527px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Share options </div><div class=\"t sa_215\" id=\"t38_215\" style=\"left:490px;bottom:527px;letter-spacing:-0.39px;display:inline;\">229 </div><div class=\"t sa_215\" id=\"t39_215\" style=\"left:594px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3a_215\" style=\"left:681px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3b_215\" style=\"left:767px;bottom:527px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3c_215\" style=\"left:854px;bottom:527px;display:inline;\">\u2013 </div>\n<div class=\"t s9_215\" id=\"t3d_215\" style=\"left:65px;bottom:509px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_215\" id=\"t3e_215\" style=\"left:475px;bottom:509px;letter-spacing:-0.38px;display:inline;\">(7,770) </div><div class=\"t sa_215\" id=\"t3f_215\" style=\"left:588px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t sa_215\" id=\"t3g_215\" style=\"left:681px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3h_215\" style=\"left:767px;bottom:509px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3i_215\" style=\"left:848px;bottom:509px;letter-spacing:-0.24px;display:inline;\">(2) </div>\n<div class=\"t s8_215\" id=\"t3j_215\" style=\"left:65px;bottom:490px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December 2022 </div><div class=\"t sa_215\" id=\"t3k_215\" style=\"left:463px;bottom:490px;letter-spacing:-0.37px;display:inline;\">877,650 </div><div class=\"t sa_215\" id=\"t3l_215\" style=\"left:578px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t sa_215\" id=\"t3m_215\" style=\"left:671px;bottom:490px;letter-spacing:-0.18px;display:inline;\">50 </div><div class=\"t sa_215\" id=\"t3n_215\" style=\"left:767px;bottom:490px;display:inline;\">\u2013 </div><div class=\"t sa_215\" id=\"t3o_215\" style=\"left:837px;bottom:490px;letter-spacing:-0.74px;display:inline;\">175 </div>\n<div class=\"t s9_215\" id=\"t3p_215\" style=\"left:65px;bottom:461px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">The deferred shares were issued in 2006 in order to comply with English Company law. They are not listed on any stock exchange </div>\n<div class=\"t s9_215\" id=\"t3q_215\" style=\"left:65px;bottom:446px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">and\u00a0have extremely limited rights and e\ufb00ectively have no value. These rights are summarised as follows: </div>\n<div class=\"t s9_215\" id=\"t3r_215\" style=\"left:65px;bottom:422px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3s_215\" style=\"left:78px;bottom:422px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The holder shall not be entitled to participate in the pro\ufb01ts of the Company; </div>\n<div class=\"t s9_215\" id=\"t3t_215\" style=\"left:65px;bottom:405px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3u_215\" style=\"left:78px;bottom:405px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The holder shall not have any right to participate in any distribution of the Company\u2019s assets on a winding-up or other distribution </div>\n<div class=\"t s9_215\" id=\"t3v_215\" style=\"left:78px;bottom:389px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">except that a\ufb05er the return of the nominal amount paid up on each share in the capital of the Company of any class other than </div>\n<div class=\"t s9_215\" id=\"t3w_215\" style=\"left:78px;bottom:374px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the deferred shares and the distribution of a further $1,000 in respect of each such share there shall be distributed to a holder </div>\n<div class=\"t s9_215\" id=\"t3x_215\" style=\"left:78px;bottom:359px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of a deferred share (for\u00a0each deferred share held) an amount equal to the nominal value of the deferred share; </div>\n<div class=\"t s9_215\" id=\"t3y_215\" style=\"left:65px;bottom:341px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t3z_215\" style=\"left:78px;bottom:341px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The holder shall not be entitled to receive notice, attend, speak or vote at any general meeting of the Company; and </div>\n<div class=\"t s9_215\" id=\"t40_215\" style=\"left:65px;bottom:324px;display:inline;\">\u2013 </div><div class=\"t s9_215\" id=\"t41_215\" style=\"left:78px;bottom:324px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">The Company may create, allot and issue further shares or reduce or repay the whole or any part of its share capital or other </div>\n<div class=\"t s9_215\" id=\"t42_215\" style=\"left:78px;bottom:309px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">capital\u00a0reserves without obtaining the consent of the holders of the deferred shares. </div>\n<div class=\"t s9_215\" id=\"t43_215\" style=\"left:65px;bottom:285px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The Group\u2019s objectives when managing capital are to ensure the Group has adequate funds to continue as a going concern and su\ufb03cient </div>\n<div class=\"t s9_215\" id=\"t44_215\" style=\"left:65px;bottom:269px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">\ufb02exibility within the capital structure to fund the ongoing growth of the business and to take advantage of business development </div>\n<div class=\"t s9_215\" id=\"t45_215\" style=\"left:65px;bottom:254px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">opportunities including acquisitions. </div>\n<div class=\"t s9_215\" id=\"t46_215\" style=\"left:65px;bottom:230px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">The Group determines the amount of capital taking into account changes in business risks and future cash requirements. The Group </div>\n<div class=\"t s9_215\" id=\"t47_215\" style=\"left:65px;bottom:215px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">reviews its capital structure on an ongoing basis and uses share buy-backs, dividends and the issue of new shares to adjust the </div>\n<div class=\"t s9_215\" id=\"t48_215\" style=\"left:65px;bottom:200px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">retained capital. </div>\n<div class=\"t sb_215\" id=\"t49_215\" style=\"left:830px;bottom:11px;letter-spacing:-1.01px;display:inline;\">213 </div><div class=\"t sc_215\" id=\"t4a_215\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_215\" id=\"t4b_215\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t se_215\" id=\"t4c_215\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t se_215\" id=\"t4d_215\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sf_215\" id=\"t4e_215\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t se_215\" id=\"t4f_215\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_216\" id=\"t1_216\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_216\" id=\"t2_216\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_216\" id=\"t3_216\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_216\" id=\"t4_216\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_216\" id=\"t5_216\" style=\"left:43px;bottom:956px;letter-spacing:-0.84px;display:inline;\">19 </div><div class=\"t s6_216\" id=\"t6_216\" style=\"left:65px;bottom:956px;letter-spacing:-0.05px;display:inline;\">Equity </div><div class=\"t s7_216\" id=\"t7_216\" style=\"left:113px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_216\" id=\"t8_216\" style=\"left:43px;bottom:939px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The Group considers the capital that it manages to be as follows: </div>\n<div class=\"t s9_216\" id=\"t9_216\" style=\"left:585px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ta_216\" style=\"left:587px;bottom:925px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tb_216\" style=\"left:640px;bottom:925px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_216\" id=\"tc_216\" style=\"left:727px;bottom:925px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_216\" id=\"td_216\" style=\"left:813px;bottom:925px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_216\" id=\"te_216\" style=\"left:585px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tf_216\" style=\"left:587px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tg_216\" style=\"left:589px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"th_216\" style=\"left:592px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ti_216\" style=\"left:625px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tj_216\" style=\"left:671px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tk_216\" style=\"left:674px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tl_216\" style=\"left:676px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tm_216\" style=\"left:678px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tn_216\" style=\"left:711px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"to_216\" style=\"left:758px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tp_216\" style=\"left:760px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tq_216\" style=\"left:763px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"tr_216\" style=\"left:765px;bottom:913px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"ts_216\" style=\"left:798px;bottom:913px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"tt_216\" style=\"left:844px;bottom:913px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"tu_216\" style=\"left:43px;bottom:894px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Share capital </div><div class=\"t sa_216\" id=\"tv_216\" style=\"left:643px;bottom:894px;letter-spacing:-0.74px;display:inline;\">175 </div><div class=\"t s8_216\" id=\"tw_216\" style=\"left:731px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div><div class=\"t s8_216\" id=\"tx_216\" style=\"left:817px;bottom:894px;letter-spacing:-0.57px;display:inline;\">177 </div>\n<div class=\"t s8_216\" id=\"ty_216\" style=\"left:43px;bottom:875px;letter-spacing:0.13px;word-spacing:-0.08px;display:inline;\">Share premium </div><div class=\"t sa_216\" id=\"tz_216\" style=\"left:642px;bottom:875px;letter-spacing:-0.44px;display:inline;\">615 </div><div class=\"t s8_216\" id=\"t10_216\" style=\"left:731px;bottom:875px;letter-spacing:-0.73px;display:inline;\">614 </div><div class=\"t s8_216\" id=\"t11_216\" style=\"left:817px;bottom:875px;letter-spacing:-0.53px;display:inline;\">612 </div>\n<div class=\"t s8_216\" id=\"t12_216\" style=\"left:43px;bottom:857px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Capital redemption reserve </div><div class=\"t sa_216\" id=\"t13_216\" style=\"left:650px;bottom:857px;letter-spacing:-0.22px;display:inline;\">20 </div><div class=\"t s8_216\" id=\"t14_216\" style=\"left:738px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div><div class=\"t s8_216\" id=\"t15_216\" style=\"left:825px;bottom:857px;letter-spacing:-0.42px;display:inline;\">18 </div>\n<div class=\"t s8_216\" id=\"t16_216\" style=\"left:43px;bottom:838px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">Treasury shares </div><div class=\"t sa_216\" id=\"t17_216\" style=\"left:637px;bottom:838px;letter-spacing:-0.35px;display:inline;\">(118) </div><div class=\"t s8_216\" id=\"t18_216\" style=\"left:727px;bottom:838px;letter-spacing:-0.25px;display:inline;\">(120) </div><div class=\"t s8_216\" id=\"t19_216\" style=\"left:813px;bottom:838px;letter-spacing:-0.13px;display:inline;\">(157) </div>\n<div class=\"t s8_216\" id=\"t1a_216\" style=\"left:43px;bottom:820px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Retained earnings and other reserves </div><div class=\"t sa_216\" id=\"t1b_216\" style=\"left:630px;bottom:820px;letter-spacing:-0.09px;display:inline;\">4,567 </div><div class=\"t s8_216\" id=\"t1c_216\" style=\"left:720px;bottom:820px;letter-spacing:-0.14px;display:inline;\">4,879 </div><div class=\"t s8_216\" id=\"t1d_216\" style=\"left:807px;bottom:820px;letter-spacing:-0.21px;display:inline;\">4,629 </div>\n<div class=\"t sa_216\" id=\"t1e_216\" style=\"left:630px;bottom:802px;letter-spacing:-0.14px;display:inline;\">5,259 </div><div class=\"t s8_216\" id=\"t1f_216\" style=\"left:719px;bottom:802px;letter-spacing:0.01px;display:inline;\">5,568 </div>5,279",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f27950": {
   "value": "19.2 <div class=\"t sc_216\" id=\"t1i_216\" style=\"left:74px;bottom:772px;letter-spacing:-0.21px;word-spacing:-0.04px;display:inline;\">Treasury shares </div>\n<div class=\"t s8_216\" id=\"t1j_216\" style=\"left:43px;bottom:755px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Treasury shares represent the holding of the Company\u2019s own shares in respect of the Smith &amp; Nephew Employees\u2019 Share Trust and </div>\n<div class=\"t s8_216\" id=\"t1k_216\" style=\"left:43px;bottom:739px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">shares bought back as part of the share buy-back programme. In 2022, the Group purchased a total of 10.1m shares (2021: nil shares) </div>\n<div class=\"t s8_216\" id=\"t1l_216\" style=\"left:43px;bottom:724px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">for\u00a0a cost of $158m (2021: $nil). </div>\n<div class=\"t s8_216\" id=\"t1m_216\" style=\"left:43px;bottom:700px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The Smith &amp; Nephew 2004 Employees\u2019 Share Trust (Trust) was established to hold shares relating to the long-term incentive plans </div>\n<div class=\"t s8_216\" id=\"t1n_216\" style=\"left:43px;bottom:685px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">referred to in the Directors\u2019 Remuneration Report. The Trust is administered by an independent professional trust company resident </div>\n<div class=\"t s8_216\" id=\"t1o_216\" style=\"left:43px;bottom:670px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">in\u00a0Jersey and is funded by a loan from the Company. The cost of the Trust is charged to the income statement as it accrues. A dividend </div>\n<div class=\"t s8_216\" id=\"t1p_216\" style=\"left:43px;bottom:654px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">waiver is in place in respect of those shares held under the long-term incentive plans. The Trust only accepts dividends in respect of </div>\n<div class=\"t s8_216\" id=\"t1q_216\" style=\"left:43px;bottom:639px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">nil-cost options and deferred bonus plan shares. The waiver represents less than 1% of the total dividends paid. </div>\n<div class=\"t s8_216\" id=\"t1r_216\" style=\"left:43px;bottom:615px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">The movements in Treasury shares and the Employees\u2019 Share Trust are as follows: </div>\n<div class=\"t s9_216\" id=\"t1s_216\" style=\"left:585px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1t_216\" style=\"left:587px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1u_216\" style=\"left:674px;bottom:601px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t1v_216\" style=\"left:698px;bottom:601px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t1w_216\" style=\"left:844px;bottom:601px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t1x_216\" style=\"left:624px;bottom:589px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t1y_216\" style=\"left:697px;bottom:589px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t1z_216\" style=\"left:815px;bottom:589px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s9_216\" id=\"t20_216\" style=\"left:585px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t21_216\" style=\"left:587px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t22_216\" style=\"left:589px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t23_216\" style=\"left:592px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t24_216\" style=\"left:625px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t25_216\" style=\"left:671px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t26_216\" style=\"left:674px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t27_216\" style=\"left:676px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t28_216\" style=\"left:678px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t29_216\" style=\"left:711px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2a_216\" style=\"left:758px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2b_216\" style=\"left:760px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2c_216\" style=\"left:763px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2d_216\" style=\"left:765px;bottom:577px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t2e_216\" style=\"left:798px;bottom:577px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_216\" id=\"t2f_216\" style=\"left:844px;bottom:577px;display:inline;\">\u00a0</div>\n<div class=\"t s8_216\" id=\"t2g_216\" style=\"left:43px;bottom:558px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t2h_216\" style=\"left:643px;bottom:558px;letter-spacing:-0.14px;display:inline;\">136 </div><div class=\"t s8_216\" id=\"t2i_216\" style=\"left:738px;bottom:558px;letter-spacing:-0.59px;display:inline;\">21 </div><div class=\"t s8_216\" id=\"t2j_216\" style=\"left:817px;bottom:558px;letter-spacing:-0.36px;display:inline;\">157 </div>\n<div class=\"t s8_216\" id=\"t2k_216\" style=\"left:43px;bottom:539px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t2l_216\" style=\"left:647px;bottom:539px;letter-spacing:-0.02px;display:inline;\">(30) </div><div class=\"t s8_216\" id=\"t2m_216\" style=\"left:738px;bottom:539px;display:inline;\">30 </div><div class=\"t s8_216\" id=\"t2n_216\" style=\"left:832px;bottom:539px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t2o_216\" style=\"left:43px;bottom:521px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t2p_216\" style=\"left:648px;bottom:521px;letter-spacing:-0.21px;display:inline;\">(13) </div><div class=\"t s8_216\" id=\"t2q_216\" style=\"left:734px;bottom:521px;letter-spacing:-0.24px;display:inline;\">(24) </div><div class=\"t s8_216\" id=\"t2r_216\" style=\"left:820px;bottom:521px;letter-spacing:-0.01px;display:inline;\">(37) </div>\n<div class=\"t s8_216\" id=\"t2s_216\" style=\"left:43px;bottom:502px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t2t_216\" style=\"left:651px;bottom:502px;letter-spacing:-0.53px;display:inline;\">93 </div><div class=\"t s8_216\" id=\"t2u_216\" style=\"left:738px;bottom:502px;letter-spacing:-0.57px;display:inline;\">27 </div><div class=\"t s8_216\" id=\"t2v_216\" style=\"left:817px;bottom:502px;letter-spacing:-0.33px;display:inline;\">120 </div>\n<div class=\"t s8_216\" id=\"t2w_216\" style=\"left:43px;bottom:484px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t2x_216\" style=\"left:642px;bottom:484px;letter-spacing:-0.23px;display:inline;\">150 </div><div class=\"t sa_216\" id=\"t2y_216\" style=\"left:745px;bottom:484px;display:inline;\">8 </div><div class=\"t sa_216\" id=\"t2z_216\" style=\"left:815px;bottom:484px;letter-spacing:-0.24px;display:inline;\">158 </div>\n<div class=\"t s8_216\" id=\"t30_216\" style=\"left:43px;bottom:465px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t31_216\" style=\"left:646px;bottom:465px;letter-spacing:-0.58px;display:inline;\">(41) </div><div class=\"t sa_216\" id=\"t32_216\" style=\"left:737px;bottom:465px;letter-spacing:-0.57px;display:inline;\">41 </div><div class=\"t sa_216\" id=\"t33_216\" style=\"left:832px;bottom:465px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t34_216\" style=\"left:43px;bottom:447px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t35_216\" style=\"left:653px;bottom:447px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_216\" id=\"t36_216\" style=\"left:732px;bottom:447px;letter-spacing:-0.21px;display:inline;\">(25) </div><div class=\"t sa_216\" id=\"t37_216\" style=\"left:819px;bottom:447px;letter-spacing:-0.44px;display:inline;\">(31) </div>\n<div class=\"t s8_216\" id=\"t38_216\" style=\"left:43px;bottom:429px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t39_216\" style=\"left:637px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div><div class=\"t sa_216\" id=\"t3a_216\" style=\"left:746px;bottom:429px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t3b_216\" style=\"left:810px;bottom:429px;letter-spacing:-0.31px;display:inline;\">(129) </div>\n<div class=\"t sd_216\" id=\"t3c_216\" style=\"left:43px;bottom:410px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t3d_216\" style=\"left:650px;bottom:410px;letter-spacing:-0.45px;display:inline;\">67 </div><div class=\"t sa_216\" id=\"t3e_216\" style=\"left:737px;bottom:410px;letter-spacing:-0.74px;display:inline;\">51 </div><div class=\"t sa_216\" id=\"t3f_216\" style=\"left:815px;bottom:410px;letter-spacing:-0.49px;display:inline;\">118 </div>\n<div class=\"t s9_216\" id=\"t3g_216\" style=\"left:585px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3h_216\" style=\"left:587px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3i_216\" style=\"left:674px;bottom:383px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3j_216\" style=\"left:698px;bottom:383px;letter-spacing:-0.13px;display:inline;\">Employees\u2019 </div><div class=\"t s9_216\" id=\"t3k_216\" style=\"left:844px;bottom:383px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3l_216\" style=\"left:624px;bottom:371px;letter-spacing:-0.15px;display:inline;\">Treasury </div><div class=\"t s9_216\" id=\"t3m_216\" style=\"left:697px;bottom:371px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Share\u00a0Trust </div><div class=\"t s9_216\" id=\"t3n_216\" style=\"left:815px;bottom:371px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t s9_216\" id=\"t3o_216\" style=\"left:627px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3p_216\" style=\"left:714px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div><div class=\"t s9_216\" id=\"t3q_216\" style=\"left:800px;bottom:354px;letter-spacing:-0.09px;display:inline;\">Number </div>\n<div class=\"t s9_216\" id=\"t3r_216\" style=\"left:622px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3s_216\" style=\"left:709px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3t_216\" style=\"left:795px;bottom:342px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of\u00a0shares </div><div class=\"t s9_216\" id=\"t3u_216\" style=\"left:844px;bottom:342px;display:inline;\">\u00a0</div>\n<div class=\"t s9_216\" id=\"t3v_216\" style=\"left:585px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3w_216\" style=\"left:587px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3x_216\" style=\"left:589px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3y_216\" style=\"left:592px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t3z_216\" style=\"left:634px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t40_216\" style=\"left:674px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t41_216\" style=\"left:676px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t42_216\" style=\"left:678px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t43_216\" style=\"left:721px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div><div class=\"t s9_216\" id=\"t44_216\" style=\"left:760px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t45_216\" style=\"left:763px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t46_216\" style=\"left:765px;bottom:330px;display:inline;\">\u00a0</div><div class=\"t s9_216\" id=\"t47_216\" style=\"left:807px;bottom:330px;letter-spacing:-0.06px;display:inline;\">million\u00a0</div>\n<div class=\"t s8_216\" id=\"t48_216\" style=\"left:43px;bottom:310px;letter-spacing:0.01px;word-spacing:0.03px;display:inline;\">At 1 January\u00a02021 </div><div class=\"t s8_216\" id=\"t49_216\" style=\"left:650px;bottom:310px;letter-spacing:-0.89px;display:inline;\">7.9 </div><div class=\"t s8_216\" id=\"t4a_216\" style=\"left:735px;bottom:310px;letter-spacing:0.01px;display:inline;\">1.2 </div><div class=\"t s8_216\" id=\"t4b_216\" style=\"left:822px;bottom:310px;letter-spacing:-0.34px;display:inline;\">9.1 </div>\n<div class=\"t s8_216\" id=\"t4c_216\" style=\"left:43px;bottom:292px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t s8_216\" id=\"t4d_216\" style=\"left:645px;bottom:292px;letter-spacing:-0.11px;display:inline;\">(1.7) </div><div class=\"t s8_216\" id=\"t4e_216\" style=\"left:735px;bottom:292px;letter-spacing:-0.29px;display:inline;\">1.7 </div><div class=\"t s8_216\" id=\"t4f_216\" style=\"left:832px;bottom:292px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4g_216\" style=\"left:43px;bottom:273px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t s8_216\" id=\"t4h_216\" style=\"left:644px;bottom:273px;letter-spacing:-0.05px;display:inline;\">(0.8) </div><div class=\"t s8_216\" id=\"t4i_216\" style=\"left:731px;bottom:273px;letter-spacing:-0.07px;display:inline;\">(1.3) </div><div class=\"t s8_216\" id=\"t4j_216\" style=\"left:818px;bottom:273px;letter-spacing:-0.27px;display:inline;\">(2.1) </div>\n<div class=\"t s8_216\" id=\"t4k_216\" style=\"left:43px;bottom:255px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December 2021 </div><div class=\"t s8_216\" id=\"t4l_216\" style=\"left:648px;bottom:255px;letter-spacing:-0.1px;display:inline;\">5.4 </div><div class=\"t s8_216\" id=\"t4m_216\" style=\"left:735px;bottom:255px;letter-spacing:-0.09px;display:inline;\">1.6 </div><div class=\"t s8_216\" id=\"t4n_216\" style=\"left:823px;bottom:255px;letter-spacing:-0.76px;display:inline;\">7.0 </div>\n<div class=\"t s8_216\" id=\"t4o_216\" style=\"left:43px;bottom:237px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Shares purchased </div><div class=\"t sa_216\" id=\"t4p_216\" style=\"left:647px;bottom:237px;letter-spacing:-0.29px;display:inline;\">9.7 </div><div class=\"t sa_216\" id=\"t4q_216\" style=\"left:733px;bottom:237px;letter-spacing:0.03px;display:inline;\">0.4 </div><div class=\"t sa_216\" id=\"t4r_216\" style=\"left:812px;bottom:237px;letter-spacing:-0.16px;display:inline;\">10.1 </div>\n<div class=\"t s8_216\" id=\"t4s_216\" style=\"left:43px;bottom:218px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Shares transferred from treasury </div><div class=\"t sa_216\" id=\"t4t_216\" style=\"left:641px;bottom:218px;letter-spacing:-0.02px;display:inline;\">(2.6) </div><div class=\"t sa_216\" id=\"t4u_216\" style=\"left:733px;bottom:218px;letter-spacing:0.03px;display:inline;\">2.6 </div><div class=\"t sa_216\" id=\"t4v_216\" style=\"left:832px;bottom:218px;display:inline;\">\u2013 </div>\n<div class=\"t s8_216\" id=\"t4w_216\" style=\"left:43px;bottom:200px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares transferred to Group bene\ufb01ciaries </div><div class=\"t sa_216\" id=\"t4x_216\" style=\"left:642px;bottom:200px;letter-spacing:-0.09px;display:inline;\">(0.4) </div><div class=\"t sa_216\" id=\"t4y_216\" style=\"left:728px;bottom:200px;letter-spacing:-0.06px;display:inline;\">(1.4) </div><div class=\"t sa_216\" id=\"t4z_216\" style=\"left:815px;bottom:200px;letter-spacing:-0.03px;display:inline;\">(1.8) </div>\n<div class=\"t s8_216\" id=\"t50_216\" style=\"left:43px;bottom:181px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Shares cancelled </div><div class=\"t sa_216\" id=\"t51_216\" style=\"left:643px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div><div class=\"t sa_216\" id=\"t52_216\" style=\"left:746px;bottom:181px;display:inline;\">\u2013 </div><div class=\"t sa_216\" id=\"t53_216\" style=\"left:816px;bottom:181px;letter-spacing:-0.31px;display:inline;\">(7.8) </div>\n<div class=\"t sd_216\" id=\"t54_216\" style=\"left:43px;bottom:163px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">At 31 December\u00a02022 </div><div class=\"t sa_216\" id=\"t55_216\" style=\"left:646px;bottom:163px;letter-spacing:0.18px;display:inline;\">4.3 </div><div class=\"t sa_216\" id=\"t56_216\" style=\"left:733px;bottom:163px;letter-spacing:0.1px;display:inline;\">3.2 </div>7.5",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28102": {
   "value": "19.3 <div class=\"t s2_217\" id=\"t2_217\" style=\"left:96px;bottom:957px;letter-spacing:-0.12px;display:inline;\">Dividends </div>\n<div class=\"t s3_217\" id=\"t3_217\" style=\"left:606px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t4_217\" style=\"left:609px;bottom:935px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t5_217\" style=\"left:662px;bottom:935px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s3_217\" id=\"t6_217\" style=\"left:748px;bottom:935px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s3_217\" id=\"t7_217\" style=\"left:835px;bottom:935px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s3_217\" id=\"t8_217\" style=\"left:606px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t9_217\" style=\"left:609px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"ta_217\" style=\"left:611px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tb_217\" style=\"left:613px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tc_217\" style=\"left:646px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"td_217\" style=\"left:693px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"te_217\" style=\"left:695px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tf_217\" style=\"left:698px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tg_217\" style=\"left:700px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"th_217\" style=\"left:733px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"ti_217\" style=\"left:780px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tj_217\" style=\"left:782px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tk_217\" style=\"left:784px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tl_217\" style=\"left:787px;bottom:923px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"tm_217\" style=\"left:820px;bottom:923px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s3_217\" id=\"tn_217\" style=\"left:866px;bottom:923px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"to_217\" style=\"left:65px;bottom:904px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The following dividends were declared and paid in the\u00a0year: </div><div class=\"t s5_217\" id=\"tp_217\" style=\"left:677px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"tq_217\" style=\"left:680px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tr_217\" style=\"left:763px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"ts_217\" style=\"left:766px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tt_217\" style=\"left:850px;bottom:904px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"tu_217\" style=\"left:853px;bottom:904px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"tv_217\" style=\"left:65px;bottom:885px;letter-spacing:-0.11px;word-spacing:0.14px;display:inline;\">Ordinary \ufb01nal of 23.1\u00a2 for 2021 (2020: 23.1\u00a2, 2019: 23.1\u00a2) paid 11 May 2022 </div><div class=\"t s5_217\" id=\"tw_217\" style=\"left:663px;bottom:885px;letter-spacing:-0.27px;display:inline;\">202 </div><div class=\"t s4_217\" id=\"tx_217\" style=\"left:752px;bottom:885px;letter-spacing:-0.35px;display:inline;\">203 </div><div class=\"t s4_217\" id=\"ty_217\" style=\"left:839px;bottom:885px;letter-spacing:-0.44px;display:inline;\">202 </div>\n<div class=\"t s4_217\" id=\"tz_217\" style=\"left:65px;bottom:867px;letter-spacing:-0.06px;word-spacing:0.09px;display:inline;\">Ordinary interim of 14.4\u00a2 for 2022 (2021: 14.4\u00a2, 2020: 14.4\u00a2) paid 26 October 2022 </div><div class=\"t s5_217\" id=\"t10_217\" style=\"left:664px;bottom:867px;letter-spacing:-0.38px;display:inline;\">125 </div><div class=\"t s4_217\" id=\"t11_217\" style=\"left:752px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div><div class=\"t s4_217\" id=\"t12_217\" style=\"left:839px;bottom:867px;letter-spacing:-0.4px;display:inline;\">126 </div>\n<div class=\"t s5_217\" id=\"t13_217\" style=\"left:664px;bottom:848px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t s4_217\" id=\"t14_217\" style=\"left:752px;bottom:848px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t s4_217\" id=\"t15_217\" style=\"left:839px;bottom:848px;letter-spacing:-0.48px;display:inline;\">328 </div>\n<div class=\"t s4_217\" id=\"t16_217\" style=\"left:65px;bottom:819px;letter-spacing:0.02px;word-spacing:-0.06px;display:inline;\">A \ufb01nal dividend for 2022 of 23.1 US cents per ordinary share was proposed by the Board on 21 February 2023 and will be paid, subject </div>\n<div class=\"t s4_217\" id=\"t17_217\" style=\"left:65px;bottom:804px;letter-spacing:0.07px;word-spacing:-0.04px;display:inline;\">to shareholder approval, on 17 May 2023 to shareholders on the Register of Members on 31 March 2023. The estimated amount of this </div>\n<div class=\"t s4_217\" id=\"t18_217\" style=\"left:65px;bottom:789px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">dividend is $201m. The Group pursues a progressive dividend policy, with the aim of increasing the US Dollar value of ordinary dividends </div>\n<div class=\"t s4_217\" id=\"t19_217\" style=\"left:65px;bottom:774px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">over time broadly based on the Group\u2019s underlying growth in earnings, while taking into account capital requirements and cash \ufb02ows. </div>\n<div class=\"t s4_217\" id=\"t1a_217\" style=\"left:65px;bottom:758px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Future dividends will be dependent upon future earnings, the future \ufb01nancial condition of the Group and the Board\u2019s dividend policy. </div>\n<div class=\"t s4_217\" id=\"t1b_217\" style=\"left:65px;bottom:743px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">The Board reviews the appropriate level of total annual dividend each year at the time of the full year results. Smith &amp; Nephew plc, </div>\n<div class=\"t s4_217\" id=\"t1c_217\" style=\"left:65px;bottom:728px;letter-spacing:0.06px;word-spacing:-0.1px;display:inline;\">the\u00a0Parent Company of the Group, is a non-trading investment holding company which derives its distributable reserves from dividends </div>\n<div class=\"t s4_217\" id=\"t1d_217\" style=\"left:65px;bottom:712px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">paid by subsidiary companies. The distributable reserves of the Parent Company approximate to the balance on the pro\ufb01t and loss </div>account reserve, less treasury shares and exchange reserves, which at 31 December 2022 amounted to $3,563m",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28150": {
   "value": "Smith &amp; Nephew plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28157": {
   "value": "20 <div class=\"t s7_217\" id=\"t1g_217\" style=\"left:87px;bottom:670px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">Cash \ufb02ow statement </div>\n<div class=\"t s8_217\" id=\"t1h_217\" style=\"left:74px;bottom:643px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s9_217\" id=\"t1i_217\" style=\"left:74px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In the Group cash \ufb02ow statement, cash and cash equivalents includes cash at bank, other short-term liquid investments with original </div>\n<div class=\"t s9_217\" id=\"t1j_217\" style=\"left:74px;bottom:611px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">maturities of three months or less and bank overdra\ufb05s. In the Group balance sheet, bank overdra\ufb05s are shown within bank overdra\ufb05s, </div>\n<div class=\"t s9_217\" id=\"t1k_217\" style=\"left:74px;bottom:595px;letter-spacing:0.13px;word-spacing:-0.12px;display:inline;\">borrowings, loans and lease liabilities under current liabilities. </div>\n<div class=\"t s2_217\" id=\"t1l_217\" style=\"left:65px;bottom:557px;letter-spacing:-0.16px;word-spacing:-0.08px;display:inline;\">Analysis of net debt including lease liabilities </div>\n<div class=\"t s3_217\" id=\"t1m_217\" style=\"left:736px;bottom:535px;letter-spacing:-0.09px;display:inline;\">Borrowings </div>\n<div class=\"t s3_217\" id=\"t1n_217\" style=\"left:866px;bottom:531px;display:inline;\">\u00a0</div>\n<div class=\"t s3_217\" id=\"t1o_217\" style=\"left:421px;bottom:494px;letter-spacing:-0.04px;display:inline;\">Cash </div><div class=\"t s3_217\" id=\"t1p_217\" style=\"left:462px;bottom:494px;letter-spacing:-0.09px;display:inline;\">Overdra\ufb05s </div>\n<div class=\"t s3_217\" id=\"t1q_217\" style=\"left:532px;bottom:506px;letter-spacing:-0.07px;word-spacing:-0.17px;display:inline;\">Due within </div>\n<div class=\"t s3_217\" id=\"t1r_217\" style=\"left:543px;bottom:494px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">one\u00a0year </div>\n<div class=\"t s3_217\" id=\"t1s_217\" style=\"left:608px;bottom:506px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">Due a\ufb05er </div>\n<div class=\"t s3_217\" id=\"t1t_217\" style=\"left:612px;bottom:494px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">one\u00a0year </div>\n<div class=\"t s3_217\" id=\"t1u_217\" style=\"left:705px;bottom:519px;letter-spacing:-0.01px;display:inline;\">Net </div>\n<div class=\"t s3_217\" id=\"t1v_217\" style=\"left:680px;bottom:506px;letter-spacing:-0.08px;display:inline;\">currency </div>\n<div class=\"t s3_217\" id=\"t1w_217\" style=\"left:692px;bottom:494px;letter-spacing:-0.1px;display:inline;\">swaps </div>\n<div class=\"t s3_217\" id=\"t1x_217\" style=\"left:774px;bottom:519px;letter-spacing:-0.01px;display:inline;\">Net </div>\n<div class=\"t s3_217\" id=\"t1y_217\" style=\"left:753px;bottom:506px;letter-spacing:-0.07px;display:inline;\">interest </div>\n<div class=\"t s3_217\" id=\"t1z_217\" style=\"left:761px;bottom:494px;letter-spacing:-0.1px;display:inline;\">swaps </div><div class=\"t s3_217\" id=\"t20_217\" style=\"left:836px;bottom:494px;letter-spacing:-0.29px;display:inline;\">Total\u00a0</div>\n<div class=\"t s3_217\" id=\"t21_217\" style=\"left:385px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t22_217\" style=\"left:388px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t23_217\" style=\"left:390px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t24_217\" style=\"left:392px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t25_217\" style=\"left:404px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t26_217\" style=\"left:450px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t27_217\" style=\"left:453px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t28_217\" style=\"left:455px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t29_217\" style=\"left:457px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2a_217\" style=\"left:473px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2b_217\" style=\"left:520px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2c_217\" style=\"left:522px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2d_217\" style=\"left:524px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2e_217\" style=\"left:527px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2f_217\" style=\"left:543px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2g_217\" style=\"left:589px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2h_217\" style=\"left:591px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2i_217\" style=\"left:594px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2j_217\" style=\"left:596px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2k_217\" style=\"left:612px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2l_217\" style=\"left:658px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2m_217\" style=\"left:661px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2n_217\" style=\"left:663px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2o_217\" style=\"left:665px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2p_217\" style=\"left:681px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2q_217\" style=\"left:728px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2r_217\" style=\"left:730px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2s_217\" style=\"left:732px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2t_217\" style=\"left:735px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2u_217\" style=\"left:750px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t2v_217\" style=\"left:797px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2w_217\" style=\"left:799px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2x_217\" style=\"left:802px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2y_217\" style=\"left:804px;bottom:482px;display:inline;\">\u00a0</div><div class=\"t s3_217\" id=\"t2z_217\" style=\"left:820px;bottom:482px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s3_217\" id=\"t30_217\" style=\"left:866px;bottom:482px;display:inline;\">\u00a0</div>\n<div class=\"t s4_217\" id=\"t31_217\" style=\"left:65px;bottom:462px;letter-spacing:0.03px;word-spacing:0.01px;display:inline;\">At 1 January\u00a02020 </div><div class=\"t s4_217\" id=\"t32_217\" style=\"left:385px;bottom:462px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t33_217\" style=\"left:423px;bottom:462px;letter-spacing:-0.33px;display:inline;\">277 </div><div class=\"t s4_217\" id=\"t34_217\" style=\"left:496px;bottom:462px;letter-spacing:-0.14px;display:inline;\">(20)\u00a0</div><div class=\"t s4_217\" id=\"t35_217\" style=\"left:573px;bottom:462px;letter-spacing:-0.11px;display:inline;\">(6)\u00a0</div><div class=\"t s4_217\" id=\"t36_217\" style=\"left:617px;bottom:462px;letter-spacing:-0.31px;display:inline;\">(1,851)\u00a0</div><div class=\"t s4_217\" id=\"t37_217\" style=\"left:715px;bottom:462px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t38_217\" style=\"left:784px;bottom:462px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t39_217\" style=\"left:824px;bottom:462px;letter-spacing:-0.07px;display:inline;\">(1,600) </div>\n<div class=\"t s4_217\" id=\"t3a_217\" style=\"left:65px;bottom:444px;letter-spacing:0.08px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities </div><div class=\"t s4_217\" id=\"t3b_217\" style=\"left:438px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3c_217\" style=\"left:507px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3d_217\" style=\"left:565px;bottom:444px;letter-spacing:-0.15px;display:inline;\">(46) </div><div class=\"t s4_217\" id=\"t3e_217\" style=\"left:627px;bottom:444px;letter-spacing:-0.35px;display:inline;\">(124) </div><div class=\"t s4_217\" id=\"t3f_217\" style=\"left:715px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3g_217\" style=\"left:784px;bottom:444px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3h_217\" style=\"left:836px;bottom:444px;letter-spacing:-0.48px;display:inline;\">(170) </div>\n<div class=\"t s4_217\" id=\"t3i_217\" style=\"left:65px;bottom:426px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">Net debt including lease </div>\n<div class=\"t s4_217\" id=\"t3j_217\" style=\"left:65px;bottom:412px;letter-spacing:0.08px;word-spacing:-0.06px;display:inline;\">liabilities at 1 January 2020 </div><div class=\"t s4_217\" id=\"t3k_217\" style=\"left:423px;bottom:412px;letter-spacing:-0.33px;display:inline;\">277 </div><div class=\"t s4_217\" id=\"t3l_217\" style=\"left:496px;bottom:412px;letter-spacing:-0.11px;display:inline;\">(20) </div><div class=\"t s4_217\" id=\"t3m_217\" style=\"left:565px;bottom:412px;letter-spacing:-0.22px;display:inline;\">(52) </div><div class=\"t s4_217\" id=\"t3n_217\" style=\"left:617px;bottom:412px;letter-spacing:-0.27px;display:inline;\">(1,975) </div><div class=\"t s4_217\" id=\"t3o_217\" style=\"left:715px;bottom:412px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3p_217\" style=\"left:784px;bottom:412px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3q_217\" style=\"left:825px;bottom:412px;letter-spacing:-0.27px;display:inline;\">(1,770) </div>\n<div class=\"t s4_217\" id=\"t3r_217\" style=\"left:65px;bottom:393px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t3s_217\" style=\"left:385px;bottom:393px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t3t_217\" style=\"left:412px;bottom:393px;letter-spacing:-0.01px;display:inline;\">1,484 </div><div class=\"t s4_217\" id=\"t3u_217\" style=\"left:507px;bottom:393px;display:inline;\">9 </div><div class=\"t s4_217\" id=\"t3v_217\" style=\"left:557px;bottom:393px;letter-spacing:-0.11px;display:inline;\">(260) </div><div class=\"t s4_217\" id=\"t3w_217\" style=\"left:616px;bottom:393px;letter-spacing:-0.15px;display:inline;\">(1,285) </div><div class=\"t s4_217\" id=\"t3x_217\" style=\"left:710px;bottom:393px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t s4_217\" id=\"t3y_217\" style=\"left:784px;bottom:393px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t3z_217\" style=\"left:842px;bottom:393px;letter-spacing:-0.21px;display:inline;\">(59) </div>\n<div class=\"t s4_217\" id=\"t40_217\" style=\"left:65px;bottom:375px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t41_217\" style=\"left:385px;bottom:375px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t42_217\" style=\"left:438px;bottom:375px;display:inline;\">1 </div><div class=\"t s4_217\" id=\"t43_217\" style=\"left:507px;bottom:375px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t44_217\" style=\"left:573px;bottom:375px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s4_217\" id=\"t45_217\" style=\"left:634px;bottom:375px;letter-spacing:-0.05px;display:inline;\">(79) </div><div class=\"t s4_217\" id=\"t46_217\" style=\"left:715px;bottom:375px;display:inline;\">7 </div><div class=\"t s4_217\" id=\"t47_217\" style=\"left:784px;bottom:375px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t48_217\" style=\"left:842px;bottom:375px;letter-spacing:-0.22px;display:inline;\">(71) </div>\n<div class=\"t s4_217\" id=\"t49_217\" style=\"left:65px;bottom:356px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t4a_217\" style=\"left:438px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4b_217\" style=\"left:507px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4c_217\" style=\"left:576px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4d_217\" style=\"left:646px;bottom:356px;display:inline;\">8 </div><div class=\"t s4_217\" id=\"t4e_217\" style=\"left:715px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4f_217\" style=\"left:784px;bottom:356px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4g_217\" style=\"left:854px;bottom:356px;display:inline;\">8 </div>\n<div class=\"t s4_217\" id=\"t4h_217\" style=\"left:65px;bottom:338px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s4_217\" id=\"t4i_217\" style=\"left:385px;bottom:338px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t4j_217\" style=\"left:437px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4k_217\" style=\"left:507px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4l_217\" style=\"left:565px;bottom:338px;letter-spacing:-0.28px;display:inline;\">(12) </div><div class=\"t s4_217\" id=\"t4m_217\" style=\"left:634px;bottom:338px;letter-spacing:-0.17px;display:inline;\">(22) </div><div class=\"t s4_217\" id=\"t4n_217\" style=\"left:715px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4o_217\" style=\"left:784px;bottom:338px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4p_217\" style=\"left:842px;bottom:338px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t s4_217\" id=\"t4q_217\" style=\"left:65px;bottom:320px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">At 31 December\u00a02020 </div><div class=\"t s4_217\" id=\"t4r_217\" style=\"left:385px;bottom:320px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t4s_217\" style=\"left:413px;bottom:320px;letter-spacing:-0.45px;display:inline;\">1,762 </div><div class=\"t s4_217\" id=\"t4t_217\" style=\"left:497px;bottom:320px;letter-spacing:-0.48px;display:inline;\">(11)\u00a0</div><div class=\"t s4_217\" id=\"t4u_217\" style=\"left:557px;bottom:320px;letter-spacing:-0.2px;display:inline;\">(326)\u00a0</div><div class=\"t s4_217\" id=\"t4v_217\" style=\"left:616px;bottom:320px;letter-spacing:-0.06px;display:inline;\">(3,353)\u00a0</div><div class=\"t s4_217\" id=\"t4w_217\" style=\"left:715px;bottom:320px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t4x_217\" style=\"left:784px;bottom:320px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t4y_217\" style=\"left:825px;bottom:320px;letter-spacing:-0.26px;display:inline;\">(1,926) </div>\n<div class=\"t s4_217\" id=\"t4z_217\" style=\"left:65px;bottom:301px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t50_217\" style=\"left:385px;bottom:301px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t51_217\" style=\"left:419px;bottom:301px;letter-spacing:-0.12px;display:inline;\">(466) </div><div class=\"t s4_217\" id=\"t52_217\" style=\"left:507px;bottom:301px;display:inline;\">7 </div><div class=\"t s4_217\" id=\"t53_217\" style=\"left:558px;bottom:301px;letter-spacing:-0.41px;display:inline;\">(162) </div><div class=\"t s4_217\" id=\"t54_217\" style=\"left:631px;bottom:301px;letter-spacing:-0.44px;display:inline;\">429 </div><div class=\"t s4_217\" id=\"t55_217\" style=\"left:715px;bottom:301px;display:inline;\">4 </div><div class=\"t s4_217\" id=\"t56_217\" style=\"left:784px;bottom:301px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t57_217\" style=\"left:835px;bottom:301px;letter-spacing:-0.18px;display:inline;\">(188) </div>\n<div class=\"t s4_217\" id=\"t58_217\" style=\"left:65px;bottom:283px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t59_217\" style=\"left:434px;bottom:283px;letter-spacing:-0.07px;display:inline;\">(6) </div><div class=\"t s4_217\" id=\"t5a_217\" style=\"left:504px;bottom:283px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s4_217\" id=\"t5b_217\" style=\"left:576px;bottom:283px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5c_217\" style=\"left:638px;bottom:283px;letter-spacing:-0.2px;display:inline;\">72 </div><div class=\"t s4_217\" id=\"t5d_217\" style=\"left:712px;bottom:283px;letter-spacing:-0.38px;display:inline;\">(4) </div><div class=\"t s4_217\" id=\"t5e_217\" style=\"left:780px;bottom:283px;letter-spacing:-0.08px;display:inline;\">(2) </div><div class=\"t s4_217\" id=\"t5f_217\" style=\"left:846px;bottom:283px;letter-spacing:-0.55px;display:inline;\">59 </div>\n<div class=\"t s4_217\" id=\"t5g_217\" style=\"left:65px;bottom:264px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t5h_217\" style=\"left:437px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5i_217\" style=\"left:507px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5j_217\" style=\"left:576px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5k_217\" style=\"left:643px;bottom:264px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t s4_217\" id=\"t5l_217\" style=\"left:715px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5m_217\" style=\"left:784px;bottom:264px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5n_217\" style=\"left:850px;bottom:264px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s4_217\" id=\"t5o_217\" style=\"left:65px;bottom:246px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s4_217\" id=\"t5p_217\" style=\"left:385px;bottom:246px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t5q_217\" style=\"left:437px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5r_217\" style=\"left:507px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5s_217\" style=\"left:576px;bottom:246px;display:inline;\">2 </div><div class=\"t s4_217\" id=\"t5t_217\" style=\"left:646px;bottom:246px;display:inline;\">5 </div><div class=\"t s4_217\" id=\"t5u_217\" style=\"left:715px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5v_217\" style=\"left:784px;bottom:246px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t5w_217\" style=\"left:854px;bottom:246px;display:inline;\">7 </div>\n<div class=\"t s4_217\" id=\"t5x_217\" style=\"left:65px;bottom:227px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">At 31 December\u00a02021 </div><div class=\"t s4_217\" id=\"t5y_217\" style=\"left:385px;bottom:227px;display:inline;\">\u00a0</div><div class=\"t s4_217\" id=\"t5z_217\" style=\"left:412px;bottom:227px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t s4_217\" id=\"t60_217\" style=\"left:503px;bottom:227px;letter-spacing:0.03px;display:inline;\">(5)\u00a0</div><div class=\"t s4_217\" id=\"t61_217\" style=\"left:557px;bottom:227px;letter-spacing:-0.11px;display:inline;\">(486)\u00a0</div><div class=\"t s4_217\" id=\"t62_217\" style=\"left:615px;bottom:227px;letter-spacing:0.01px;display:inline;\">(2,848)\u00a0</div><div class=\"t s4_217\" id=\"t63_217\" style=\"left:715px;bottom:227px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t64_217\" style=\"left:784px;bottom:227px;display:inline;\">\u2013 </div><div class=\"t s4_217\" id=\"t65_217\" style=\"left:824px;bottom:227px;letter-spacing:-0.11px;display:inline;\">(2,049) </div>\n<div class=\"t s4_217\" id=\"t66_217\" style=\"left:65px;bottom:209px;letter-spacing:0.09px;word-spacing:-0.04px;display:inline;\">Net cash \ufb02ow/debt movement </div><div class=\"t s4_217\" id=\"t67_217\" style=\"left:385px;bottom:209px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t68_217\" style=\"left:417px;bottom:209px;letter-spacing:-0.44px;display:inline;\">(931) </div><div class=\"t s5_217\" id=\"t69_217\" style=\"left:506px;bottom:209px;display:inline;\">1 </div><div class=\"t s5_217\" id=\"t6a_217\" style=\"left:559px;bottom:209px;letter-spacing:-0.19px;display:inline;\">302 </div><div class=\"t s5_217\" id=\"t6b_217\" style=\"left:637px;bottom:209px;letter-spacing:-0.06px;display:inline;\">94 </div><div class=\"t s5_217\" id=\"t6c_217\" style=\"left:709px;bottom:209px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t s5_217\" id=\"t6d_217\" style=\"left:784px;bottom:209px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6e_217\" style=\"left:831px;bottom:209px;letter-spacing:-0.17px;display:inline;\">(537) </div>\n<div class=\"t s4_217\" id=\"t6f_217\" style=\"left:65px;bottom:191px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t s4_217\" id=\"t6g_217\" style=\"left:385px;bottom:191px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t6h_217\" style=\"left:432px;bottom:191px;letter-spacing:-0.27px;display:inline;\">(9) </div><div class=\"t s5_217\" id=\"t6i_217\" style=\"left:502px;bottom:191px;letter-spacing:-0.24px;display:inline;\">(2) </div><div class=\"t s5_217\" id=\"t6j_217\" style=\"left:567px;bottom:191px;letter-spacing:-0.26px;display:inline;\">23 </div><div class=\"t s5_217\" id=\"t6k_217\" style=\"left:637px;bottom:191px;letter-spacing:-0.24px;display:inline;\">45 </div><div class=\"t s5_217\" id=\"t6l_217\" style=\"left:714px;bottom:191px;display:inline;\">3 </div><div class=\"t s5_217\" id=\"t6m_217\" style=\"left:771px;bottom:191px;letter-spacing:-0.3px;display:inline;\">(13)\u00a0</div><div class=\"t s5_217\" id=\"t6n_217\" style=\"left:845px;bottom:191px;letter-spacing:-0.68px;display:inline;\">47 </div>\n<div class=\"t s4_217\" id=\"t6o_217\" style=\"left:65px;bottom:172px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t s4_217\" id=\"t6p_217\" style=\"left:385px;bottom:172px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t6q_217\" style=\"left:438px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6r_217\" style=\"left:507px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6s_217\" style=\"left:576px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6t_217\" style=\"left:645px;bottom:172px;display:inline;\">3 </div><div class=\"t s5_217\" id=\"t6u_217\" style=\"left:715px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6v_217\" style=\"left:784px;bottom:172px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6w_217\" style=\"left:853px;bottom:172px;display:inline;\">3 </div>\n<div class=\"t s4_217\" id=\"t6x_217\" style=\"left:65px;bottom:154px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities movement </div><div class=\"t s5_217\" id=\"t6y_217\" style=\"left:438px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t6z_217\" style=\"left:507px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t70_217\" style=\"left:576px;bottom:154px;display:inline;\">7 </div><div class=\"t s5_217\" id=\"t71_217\" style=\"left:640px;bottom:154px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t s5_217\" id=\"t72_217\" style=\"left:715px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t73_217\" style=\"left:784px;bottom:154px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t74_217\" style=\"left:853px;bottom:154px;display:inline;\">1 </div>\n<div class=\"t sa_217\" id=\"t75_217\" style=\"left:69px;bottom:135px;letter-spacing:0.14px;word-spacing:-0.12px;display:inline;\">Net debt including lease </div>\n<div class=\"t sa_217\" id=\"t76_217\" style=\"left:69px;bottom:121px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">liabilities at 31 December 2022 </div><div class=\"t s4_217\" id=\"t77_217\" style=\"left:385px;bottom:121px;display:inline;\">\u00a0</div><div class=\"t s5_217\" id=\"t78_217\" style=\"left:420px;bottom:121px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t s5_217\" id=\"t79_217\" style=\"left:502px;bottom:121px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t s5_217\" id=\"t7a_217\" style=\"left:554px;bottom:121px;letter-spacing:-0.25px;display:inline;\">(154)\u00a0</div><div class=\"t s5_217\" id=\"t7b_217\" style=\"left:613px;bottom:121px;letter-spacing:-0.26px;display:inline;\">(2,712)\u00a0</div><div class=\"t s5_217\" id=\"t7c_217\" style=\"left:715px;bottom:121px;display:inline;\">\u2013 </div><div class=\"t s5_217\" id=\"t7d_217\" style=\"left:771px;bottom:121px;letter-spacing:-0.3px;display:inline;\">(13)\u00a0</div><div class=\"t s5_217\" id=\"t7e_217\" style=\"left:819px;bottom:121px;letter-spacing:-0.06px;display:inline;\">(2,535) </div>\n<div class=\"t sb_217\" id=\"t7f_217\" style=\"left:830px;bottom:11px;letter-spacing:-1.04px;display:inline;\">215 </div><div class=\"t sc_217\" id=\"t7g_217\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sd_217\" id=\"t7h_217\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t se_217\" id=\"t7i_217\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t se_217\" id=\"t7j_217\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sf_217\" id=\"t7k_217\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t se_217\" id=\"t7l_217\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_218\" id=\"t1_218\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_218\" id=\"t2_218\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_218\" id=\"t3_218\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_218\" id=\"t4_218\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_218\" id=\"t5_218\" style=\"left:43px;bottom:956px;letter-spacing:-0.46px;display:inline;\">20 </div><div class=\"t s6_218\" id=\"t6_218\" style=\"left:66px;bottom:956px;letter-spacing:-0.04px;word-spacing:-0.06px;display:inline;\">Cash \ufb02ow statement </div><div class=\"t s7_218\" id=\"t7_218\" style=\"left:212px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_218\" id=\"t8_218\" style=\"left:43px;bottom:932px;letter-spacing:-0.17px;word-spacing:-0.08px;display:inline;\">Reconciliation of net cash \ufb02ow to movement in net debt including lease liabilities </div>\n<div class=\"t s9_218\" id=\"t9_218\" style=\"left:585px;bottom:910px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ta_218\" style=\"left:587px;bottom:910px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tb_218\" style=\"left:640px;bottom:910px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"tc_218\" style=\"left:727px;bottom:910px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_218\" id=\"td_218\" style=\"left:813px;bottom:910px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_218\" id=\"te_218\" style=\"left:585px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tf_218\" style=\"left:587px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tg_218\" style=\"left:589px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"th_218\" style=\"left:592px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ti_218\" style=\"left:625px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"tj_218\" style=\"left:671px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tk_218\" style=\"left:674px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tl_218\" style=\"left:676px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tm_218\" style=\"left:678px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tn_218\" style=\"left:711px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"to_218\" style=\"left:758px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tp_218\" style=\"left:760px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tq_218\" style=\"left:763px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"tr_218\" style=\"left:765px;bottom:898px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"ts_218\" style=\"left:798px;bottom:898px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"tt_218\" style=\"left:844px;bottom:898px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"tu_218\" style=\"left:43px;bottom:878px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Net cash \ufb02ow from cash net of overdra\ufb05s </div><div class=\"t sb_218\" id=\"tv_218\" style=\"left:637px;bottom:878px;letter-spacing:-0.18px;display:inline;\">(930) </div><div class=\"t sa_218\" id=\"tw_218\" style=\"left:727px;bottom:878px;letter-spacing:-0.42px;display:inline;\">(459) </div><div class=\"t sa_218\" id=\"tx_218\" style=\"left:807px;bottom:878px;letter-spacing:-0.26px;display:inline;\">1,493 </div>\n<div class=\"t sa_218\" id=\"ty_218\" style=\"left:43px;bottom:860px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Settlement of currency swaps </div><div class=\"t sb_218\" id=\"tz_218\" style=\"left:653px;bottom:860px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sa_218\" id=\"t10_218\" style=\"left:745px;bottom:860px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"t11_218\" style=\"left:827px;bottom:860px;letter-spacing:0.39px;display:inline;\">(7) </div>\n<div class=\"t sa_218\" id=\"t12_218\" style=\"left:43px;bottom:841px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Net cash \ufb02ow from borrowings </div><div class=\"t sb_218\" id=\"t13_218\" style=\"left:642px;bottom:841px;letter-spacing:-0.17px;display:inline;\">396 </div><div class=\"t sa_218\" id=\"t14_218\" style=\"left:730px;bottom:841px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"t15_218\" style=\"left:802px;bottom:841px;letter-spacing:-0.08px;display:inline;\">(1,545) </div>\n<div class=\"t sa_218\" id=\"t16_218\" style=\"left:43px;bottom:823px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Change in net debt from net cash \ufb02ow </div><div class=\"t sb_218\" id=\"t17_218\" style=\"left:637px;bottom:823px;letter-spacing:-0.17px;display:inline;\">(537) </div><div class=\"t sa_218\" id=\"t18_218\" style=\"left:726px;bottom:823px;letter-spacing:-0.18px;display:inline;\">(188) </div><div class=\"t sa_218\" id=\"t19_218\" style=\"left:821px;bottom:823px;letter-spacing:-0.21px;display:inline;\">(59) </div>\n<div class=\"t sa_218\" id=\"t1a_218\" style=\"left:43px;bottom:804px;letter-spacing:0.08px;word-spacing:-0.07px;display:inline;\">IFRS 16 lease liabilities </div><div class=\"t sb_218\" id=\"t1b_218\" style=\"left:658px;bottom:804px;display:inline;\">1 </div><div class=\"t sa_218\" id=\"t1c_218\" style=\"left:745px;bottom:804px;display:inline;\">7 </div><div class=\"t sa_218\" id=\"t1d_218\" style=\"left:820px;bottom:804px;letter-spacing:-0.01px;display:inline;\">(34) </div>\n<div class=\"t sa_218\" id=\"t1e_218\" style=\"left:43px;bottom:786px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Exchange adjustment </div><div class=\"t sb_218\" id=\"t1f_218\" style=\"left:650px;bottom:786px;letter-spacing:-0.68px;display:inline;\">47 </div><div class=\"t sa_218\" id=\"t1g_218\" style=\"left:738px;bottom:786px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"t1h_218\" style=\"left:821px;bottom:786px;letter-spacing:-0.22px;display:inline;\">(71) </div>\n<div class=\"t sa_218\" id=\"t1i_218\" style=\"left:43px;bottom:767px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Corporate bond issuance expense </div><div class=\"t sb_218\" id=\"t1j_218\" style=\"left:658px;bottom:767px;display:inline;\">3 </div><div class=\"t sa_218\" id=\"t1k_218\" style=\"left:742px;bottom:767px;letter-spacing:-0.43px;display:inline;\">(1) </div><div class=\"t sa_218\" id=\"t1l_218\" style=\"left:832px;bottom:767px;display:inline;\">8 </div>\n<div class=\"t sa_218\" id=\"t1m_218\" style=\"left:43px;bottom:749px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">Change in net debt in the\u00a0year </div><div class=\"t sb_218\" id=\"t1n_218\" style=\"left:637px;bottom:749px;letter-spacing:-0.16px;display:inline;\">(486) </div><div class=\"t sa_218\" id=\"t1o_218\" style=\"left:727px;bottom:749px;letter-spacing:-0.24px;display:inline;\">(123) </div><div class=\"t sa_218\" id=\"t1p_218\" style=\"left:813px;bottom:749px;letter-spacing:-0.12px;display:inline;\">(156) </div>\n<div class=\"t sa_218\" id=\"t1q_218\" style=\"left:43px;bottom:730px;letter-spacing:0.15px;word-spacing:-0.11px;display:inline;\">Opening net debt </div><div class=\"t sb_218\" id=\"t1r_218\" style=\"left:625px;bottom:730px;letter-spacing:-0.04px;display:inline;\">(2,049) </div><div class=\"t sa_218\" id=\"t1s_218\" style=\"left:717px;bottom:730px;letter-spacing:-0.26px;display:inline;\">(1,926) </div><div class=\"t sa_218\" id=\"t1t_218\" style=\"left:803px;bottom:730px;letter-spacing:-0.27px;display:inline;\">(1,770) </div>\n<div class=\"t sc_218\" id=\"t1u_218\" style=\"left:43px;bottom:712px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">Closing net debt </div><div class=\"t sb_218\" id=\"t1v_218\" style=\"left:625px;bottom:712px;letter-spacing:-0.06px;display:inline;\">(2,535) </div><div class=\"t sa_218\" id=\"t1w_218\" style=\"left:716px;bottom:712px;letter-spacing:-0.11px;display:inline;\">(2,049) </div><div class=\"t sa_218\" id=\"t1x_218\" style=\"left:803px;bottom:712px;letter-spacing:-0.26px;display:inline;\">(1,926) </div>\n<div class=\"t s8_218\" id=\"t1y_218\" style=\"left:43px;bottom:682px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Cash and cash equivalents </div>\n<div class=\"t sa_218\" id=\"t1z_218\" style=\"left:43px;bottom:665px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">For the purposes of the Group cash \ufb02ow statement, cash and cash equivalents at 31 December 2022 comprise cash at bank net </div>\n<div class=\"t sa_218\" id=\"t20_218\" style=\"left:43px;bottom:650px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">of\u00a0bank overdra\ufb05s. </div>\n<div class=\"t s9_218\" id=\"t21_218\" style=\"left:585px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t22_218\" style=\"left:587px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t23_218\" style=\"left:640px;bottom:636px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"t24_218\" style=\"left:727px;bottom:636px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_218\" id=\"t25_218\" style=\"left:813px;bottom:636px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_218\" id=\"t26_218\" style=\"left:585px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t27_218\" style=\"left:587px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t28_218\" style=\"left:589px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t29_218\" style=\"left:592px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2a_218\" style=\"left:594px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2b_218\" style=\"left:625px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2c_218\" style=\"left:671px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2d_218\" style=\"left:674px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2e_218\" style=\"left:676px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2f_218\" style=\"left:678px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2g_218\" style=\"left:711px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2h_218\" style=\"left:758px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2i_218\" style=\"left:760px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2j_218\" style=\"left:763px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2k_218\" style=\"left:765px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2l_218\" style=\"left:798px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2m_218\" style=\"left:844px;bottom:624px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"t2n_218\" style=\"left:43px;bottom:604px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_218\" id=\"t2o_218\" style=\"left:642px;bottom:604px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sa_218\" id=\"t2p_218\" style=\"left:719px;bottom:604px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t sa_218\" id=\"t2q_218\" style=\"left:807px;bottom:604px;letter-spacing:-0.45px;display:inline;\">1,762 </div>\n<div class=\"t sa_218\" id=\"t2r_218\" style=\"left:43px;bottom:586px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_218\" id=\"t2s_218\" style=\"left:653px;bottom:586px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_218\" id=\"t2t_218\" style=\"left:741px;bottom:586px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t sa_218\" id=\"t2u_218\" style=\"left:822px;bottom:586px;letter-spacing:-0.45px;display:inline;\">(11) </div>\n<div class=\"t sc_218\" id=\"t2v_218\" style=\"left:43px;bottom:568px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Cash and cash equivalents </div><div class=\"t sb_218\" id=\"t2w_218\" style=\"left:641px;bottom:568px;letter-spacing:0.01px;display:inline;\">344 </div><div class=\"t sa_218\" id=\"t2x_218\" style=\"left:720px;bottom:568px;letter-spacing:-0.17px;display:inline;\">1,285 </div><div class=\"t sa_218\" id=\"t2y_218\" style=\"left:807px;bottom:568px;letter-spacing:-0.45px;display:inline;\">1,751 </div>\n<div class=\"t sa_218\" id=\"t2z_218\" style=\"left:43px;bottom:539px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The Group operates in over 100 countries around the world, some of which impose restrictions over cash movement. These restrictions </div>\n<div class=\"t sa_218\" id=\"t30_218\" style=\"left:43px;bottom:523px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">have only a minimal impact of the management on the Group\u2019s cash. </div>\n<div class=\"t s8_218\" id=\"t31_218\" style=\"left:43px;bottom:499px;letter-spacing:-0.18px;word-spacing:-0.07px;display:inline;\">Cash out\ufb02ows/(in\ufb02ows) arising from \ufb01nancing activities </div>\n<div class=\"t s9_218\" id=\"t32_218\" style=\"left:108px;bottom:477px;letter-spacing:-0.14px;display:inline;\">Repayment </div><div class=\"t s9_218\" id=\"t33_218\" style=\"left:187px;bottom:477px;letter-spacing:-0.1px;display:inline;\">Borrowing </div><div class=\"t s9_218\" id=\"t34_218\" style=\"left:262px;bottom:477px;letter-spacing:-0.11px;word-spacing:-0.16px;display:inline;\">Proceeds from </div><div class=\"t s9_218\" id=\"t35_218\" style=\"left:359px;bottom:477px;letter-spacing:-0.14px;display:inline;\">Repayment </div><div class=\"t s9_218\" id=\"t36_218\" style=\"left:432px;bottom:477px;letter-spacing:-0.13px;word-spacing:-0.14px;display:inline;\">Cash out\ufb02ow/ </div><div class=\"t s9_218\" id=\"t37_218\" style=\"left:676px;bottom:477px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">Proceeds from own </div>\n<div class=\"t s9_218\" id=\"t38_218\" style=\"left:95px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t39_218\" style=\"left:98px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3a_218\" style=\"left:128px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of bank </div><div class=\"t s9_218\" id=\"t3b_218\" style=\"left:169px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3c_218\" style=\"left:171px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3d_218\" style=\"left:202px;bottom:464px;letter-spacing:-0.11px;word-spacing:-0.15px;display:inline;\">of bank </div><div class=\"t s9_218\" id=\"t3e_218\" style=\"left:243px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3f_218\" style=\"left:245px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3g_218\" style=\"left:283px;bottom:464px;letter-spacing:-0.1px;display:inline;\">Corporate\u00a0</div><div class=\"t s9_218\" id=\"t3h_218\" style=\"left:340px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3i_218\" style=\"left:377px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.15px;display:inline;\">of lease </div><div class=\"t s9_218\" id=\"t3j_218\" style=\"left:420px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3k_218\" style=\"left:422px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3l_218\" style=\"left:464px;bottom:464px;letter-spacing:-0.12px;display:inline;\">(in\ufb02ow)\u00a0</div><div class=\"t s9_218\" id=\"t3m_218\" style=\"left:509px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3n_218\" style=\"left:583px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3o_218\" style=\"left:604px;bottom:464px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Purchase of </div><div class=\"t s9_218\" id=\"t3p_218\" style=\"left:667px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3q_218\" style=\"left:669px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3r_218\" style=\"left:696px;bottom:464px;letter-spacing:-0.09px;word-spacing:-0.16px;display:inline;\">shares/issue of </div><div class=\"t s9_218\" id=\"t3s_218\" style=\"left:775px;bottom:464px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t3t_218\" style=\"left:778px;bottom:464px;display:inline;\">\u00a0</div>\n<div class=\"t s9_218\" id=\"t3u_218\" style=\"left:139px;bottom:452px;letter-spacing:-0.1px;display:inline;\">loans </div>\n<div class=\"t sd_218\" id=\"t3v_218\" style=\"left:164px;bottom:458px;display:inline;\">1 </div>\n<div class=\"t s9_218\" id=\"t3w_218\" style=\"left:212px;bottom:452px;letter-spacing:-0.1px;display:inline;\">loans </div>\n<div class=\"t sd_218\" id=\"t3x_218\" style=\"left:238px;bottom:458px;display:inline;\">1 </div>\n<div class=\"t s9_218\" id=\"t3y_218\" style=\"left:281px;bottom:452px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">Bond issue </div><div class=\"t s9_218\" id=\"t3z_218\" style=\"left:371px;bottom:452px;letter-spacing:-0.05px;display:inline;\">liabilities </div><div class=\"t s9_218\" id=\"t40_218\" style=\"left:450px;bottom:452px;letter-spacing:-0.1px;word-spacing:-0.16px;display:inline;\">from other </div><div class=\"t s9_218\" id=\"t41_218\" style=\"left:527px;bottom:452px;letter-spacing:-0.06px;display:inline;\">Dividends </div><div class=\"t s9_218\" id=\"t42_218\" style=\"left:607px;bottom:452px;letter-spacing:-0.12px;word-spacing:-0.14px;display:inline;\">own shares </div><div class=\"t s9_218\" id=\"t43_218\" style=\"left:695px;bottom:452px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">ordinary shares </div><div class=\"t s9_218\" id=\"t44_218\" style=\"left:815px;bottom:452px;letter-spacing:-0.29px;display:inline;\">Total </div>\n<div class=\"t sc_218\" id=\"t45_218\" style=\"left:43px;bottom:439px;letter-spacing:-0.28px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"t46_218\" style=\"left:122px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t47_218\" style=\"left:196px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t48_218\" style=\"left:291px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t49_218\" style=\"left:374px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4a_218\" style=\"left:460px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4b_218\" style=\"left:534px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4c_218\" style=\"left:620px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4d_218\" style=\"left:729px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div><div class=\"t s9_218\" id=\"t4e_218\" style=\"left:798px;bottom:440px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t sa_218\" id=\"t4f_218\" style=\"left:43px;bottom:421px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sb_218\" id=\"t4g_218\" style=\"left:139px;bottom:421px;letter-spacing:-0.24px;display:inline;\">881 </div><div class=\"t sb_218\" id=\"t4h_218\" style=\"left:230px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4i_218\" style=\"left:303px;bottom:421px;letter-spacing:-0.22px;display:inline;\">(485) </div><div class=\"t sb_218\" id=\"t4j_218\" style=\"left:399px;bottom:421px;letter-spacing:-0.12px;display:inline;\">54 </div><div class=\"t sb_218\" id=\"t4k_218\" style=\"left:489px;bottom:421px;letter-spacing:-0.21px;display:inline;\">(3) </div><div class=\"t sb_218\" id=\"t4l_218\" style=\"left:568px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4m_218\" style=\"left:655px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4n_218\" style=\"left:763px;bottom:421px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4o_218\" style=\"left:815px;bottom:421px;letter-spacing:-0.28px;display:inline;\">447 </div>\n<div class=\"t sa_218\" id=\"t4p_218\" style=\"left:43px;bottom:402px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"t4q_218\" style=\"left:95px;bottom:402px;display:inline;\">\u00a0</div><div class=\"t sb_218\" id=\"t4r_218\" style=\"left:157px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4s_218\" style=\"left:230px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4t_218\" style=\"left:325px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4u_218\" style=\"left:408px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4v_218\" style=\"left:494px;bottom:402px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t4w_218\" style=\"left:551px;bottom:402px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t sb_218\" id=\"t4x_218\" style=\"left:637px;bottom:402px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_218\" id=\"t4y_218\" style=\"left:757px;bottom:402px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t sb_218\" id=\"t4z_218\" style=\"left:815px;bottom:402px;letter-spacing:-0.48px;display:inline;\">479 </div>\n<div class=\"t sc_218\" id=\"t50_218\" style=\"left:43px;bottom:384px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"t51_218\" style=\"left:95px;bottom:384px;display:inline;\">\u00a0</div><div class=\"t sb_218\" id=\"t52_218\" style=\"left:139px;bottom:384px;letter-spacing:-0.24px;display:inline;\">881 </div><div class=\"t sb_218\" id=\"t53_218\" style=\"left:230px;bottom:384px;display:inline;\">\u2013 </div><div class=\"t sb_218\" id=\"t54_218\" style=\"left:303px;bottom:384px;letter-spacing:-0.25px;display:inline;\">(485)\u00a0</div><div class=\"t sb_218\" id=\"t55_218\" style=\"left:399px;bottom:384px;letter-spacing:-0.12px;display:inline;\">54 </div><div class=\"t sb_218\" id=\"t56_218\" style=\"left:489px;bottom:384px;letter-spacing:-0.24px;display:inline;\">(3)\u00a0</div><div class=\"t sb_218\" id=\"t57_218\" style=\"left:551px;bottom:384px;letter-spacing:-0.5px;display:inline;\">327 </div><div class=\"t sb_218\" id=\"t58_218\" style=\"left:637px;bottom:384px;letter-spacing:-0.24px;display:inline;\">158 </div><div class=\"t sb_218\" id=\"t59_218\" style=\"left:757px;bottom:384px;letter-spacing:-0.26px;display:inline;\">(6)\u00a0</div><div class=\"t sb_218\" id=\"t5a_218\" style=\"left:815px;bottom:384px;letter-spacing:-0.41px;display:inline;\">926 </div>\n<div class=\"t sc_218\" id=\"t5b_218\" style=\"left:43px;bottom:347px;letter-spacing:-0.34px;display:inline;\">2021 </div><div class=\"t sa_218\" id=\"t5c_218\" style=\"left:95px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5d_218\" style=\"left:98px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5e_218\" style=\"left:117px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5f_218\" style=\"left:120px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5g_218\" style=\"left:123px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5h_218\" style=\"left:126px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5i_218\" style=\"left:129px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5j_218\" style=\"left:132px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5k_218\" style=\"left:135px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5l_218\" style=\"left:138px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5m_218\" style=\"left:141px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5n_218\" style=\"left:144px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5o_218\" style=\"left:147px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5p_218\" style=\"left:150px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5q_218\" style=\"left:153px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5r_218\" style=\"left:156px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5s_218\" style=\"left:159px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5t_218\" style=\"left:172px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5u_218\" style=\"left:197px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5v_218\" style=\"left:200px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5w_218\" style=\"left:203px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5x_218\" style=\"left:206px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5y_218\" style=\"left:209px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t5z_218\" style=\"left:212px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t60_218\" style=\"left:214px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t61_218\" style=\"left:217px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t62_218\" style=\"left:220px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t63_218\" style=\"left:223px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t64_218\" style=\"left:226px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t65_218\" style=\"left:229px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t66_218\" style=\"left:232px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t67_218\" style=\"left:246px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t68_218\" style=\"left:286px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t69_218\" style=\"left:289px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6a_218\" style=\"left:292px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6b_218\" style=\"left:295px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6c_218\" style=\"left:298px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6d_218\" style=\"left:301px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6e_218\" style=\"left:304px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6f_218\" style=\"left:307px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6g_218\" style=\"left:310px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6h_218\" style=\"left:313px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6i_218\" style=\"left:316px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6j_218\" style=\"left:319px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6k_218\" style=\"left:322px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6l_218\" style=\"left:325px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6m_218\" style=\"left:328px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6n_218\" style=\"left:341px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6o_218\" style=\"left:368px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6p_218\" style=\"left:371px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6q_218\" style=\"left:374px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6r_218\" style=\"left:377px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6s_218\" style=\"left:380px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6t_218\" style=\"left:383px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6u_218\" style=\"left:386px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6v_218\" style=\"left:389px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6w_218\" style=\"left:392px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6x_218\" style=\"left:395px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6y_218\" style=\"left:398px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t6z_218\" style=\"left:401px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t70_218\" style=\"left:404px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t71_218\" style=\"left:407px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t72_218\" style=\"left:410px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t73_218\" style=\"left:423px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t74_218\" style=\"left:455px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t75_218\" style=\"left:458px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t76_218\" style=\"left:461px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t77_218\" style=\"left:464px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t78_218\" style=\"left:467px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t79_218\" style=\"left:470px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7a_218\" style=\"left:473px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7b_218\" style=\"left:476px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7c_218\" style=\"left:479px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7d_218\" style=\"left:482px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7e_218\" style=\"left:485px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7f_218\" style=\"left:488px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7g_218\" style=\"left:491px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7h_218\" style=\"left:493px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7i_218\" style=\"left:496px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7j_218\" style=\"left:510px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7k_218\" style=\"left:534px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7l_218\" style=\"left:537px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7m_218\" style=\"left:540px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7n_218\" style=\"left:543px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7o_218\" style=\"left:546px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7p_218\" style=\"left:549px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7q_218\" style=\"left:552px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7r_218\" style=\"left:555px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7s_218\" style=\"left:558px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7t_218\" style=\"left:561px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7u_218\" style=\"left:564px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7v_218\" style=\"left:567px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7w_218\" style=\"left:570px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7x_218\" style=\"left:583px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7y_218\" style=\"left:609px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t7z_218\" style=\"left:612px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t80_218\" style=\"left:615px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t81_218\" style=\"left:618px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t82_218\" style=\"left:621px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t83_218\" style=\"left:624px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t84_218\" style=\"left:627px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t85_218\" style=\"left:630px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t86_218\" style=\"left:633px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t87_218\" style=\"left:636px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t88_218\" style=\"left:639px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t89_218\" style=\"left:642px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8a_218\" style=\"left:645px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8b_218\" style=\"left:648px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8c_218\" style=\"left:651px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8d_218\" style=\"left:654px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8e_218\" style=\"left:657px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8f_218\" style=\"left:670px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8g_218\" style=\"left:682px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8h_218\" style=\"left:685px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8i_218\" style=\"left:688px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8j_218\" style=\"left:691px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8k_218\" style=\"left:694px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8l_218\" style=\"left:697px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8m_218\" style=\"left:700px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8n_218\" style=\"left:703px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8o_218\" style=\"left:706px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8p_218\" style=\"left:709px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8q_218\" style=\"left:712px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8r_218\" style=\"left:714px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8s_218\" style=\"left:717px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8t_218\" style=\"left:720px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8u_218\" style=\"left:723px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8v_218\" style=\"left:726px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8w_218\" style=\"left:729px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8x_218\" style=\"left:732px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8y_218\" style=\"left:735px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t8z_218\" style=\"left:738px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t90_218\" style=\"left:741px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t91_218\" style=\"left:744px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t92_218\" style=\"left:747px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t93_218\" style=\"left:750px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t94_218\" style=\"left:753px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t95_218\" style=\"left:756px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t96_218\" style=\"left:759px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t97_218\" style=\"left:762px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t98_218\" style=\"left:765px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t99_218\" style=\"left:778px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9a_218\" style=\"left:805px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9b_218\" style=\"left:808px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9c_218\" style=\"left:810px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9d_218\" style=\"left:813px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9e_218\" style=\"left:816px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9f_218\" style=\"left:819px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9g_218\" style=\"left:822px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9h_218\" style=\"left:825px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9i_218\" style=\"left:828px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9j_218\" style=\"left:831px;bottom:347px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"t9k_218\" style=\"left:834px;bottom:347px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"t9l_218\" style=\"left:43px;bottom:328px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sa_218\" id=\"t9m_218\" style=\"left:141px;bottom:328px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"t9n_218\" style=\"left:230px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9o_218\" style=\"left:325px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9p_218\" style=\"left:400px;bottom:328px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"t9q_218\" style=\"left:494px;bottom:328px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"t9r_218\" style=\"left:567px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9s_218\" style=\"left:654px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9t_218\" style=\"left:762px;bottom:328px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9u_218\" style=\"left:816px;bottom:328px;letter-spacing:-0.1px;display:inline;\">330 </div>\n<div class=\"t sa_218\" id=\"t9v_218\" style=\"left:43px;bottom:310px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"t9w_218\" style=\"left:156px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9x_218\" style=\"left:230px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9y_218\" style=\"left:325px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"t9z_218\" style=\"left:407px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta0_218\" style=\"left:494px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta1_218\" style=\"left:553px;bottom:310px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t sa_218\" id=\"ta2_218\" style=\"left:654px;bottom:310px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta3_218\" style=\"left:752px;bottom:310px;letter-spacing:-0.38px;display:inline;\">(14) </div><div class=\"t sa_218\" id=\"ta4_218\" style=\"left:778px;bottom:310px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ta5_218\" style=\"left:817px;bottom:310px;letter-spacing:-0.41px;display:inline;\">315 </div>\n<div class=\"t sc_218\" id=\"ta6_218\" style=\"left:43px;bottom:292px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"ta7_218\" style=\"left:141px;bottom:292px;letter-spacing:-0.4px;display:inline;\">267 </div><div class=\"t sa_218\" id=\"ta8_218\" style=\"left:230px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"ta9_218\" style=\"left:325px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"taa_218\" style=\"left:400px;bottom:292px;letter-spacing:-0.55px;display:inline;\">59 </div><div class=\"t sa_218\" id=\"tab_218\" style=\"left:494px;bottom:292px;display:inline;\">4 </div><div class=\"t sa_218\" id=\"tac_218\" style=\"left:553px;bottom:292px;letter-spacing:-0.38px;display:inline;\">329 </div><div class=\"t sa_218\" id=\"tad_218\" style=\"left:654px;bottom:292px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tae_218\" style=\"left:752px;bottom:292px;letter-spacing:-0.38px;display:inline;\">(14) </div><div class=\"t sa_218\" id=\"taf_218\" style=\"left:778px;bottom:292px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tag_218\" style=\"left:816px;bottom:292px;letter-spacing:-0.11px;display:inline;\">645 </div>\n<div class=\"t sc_218\" id=\"tah_218\" style=\"left:43px;bottom:255px;letter-spacing:-0.19px;display:inline;\">2020 </div><div class=\"t sa_218\" id=\"tai_218\" style=\"left:95px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taj_218\" style=\"left:98px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tak_218\" style=\"left:117px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tal_218\" style=\"left:120px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tam_218\" style=\"left:123px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tan_218\" style=\"left:126px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tao_218\" style=\"left:129px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tap_218\" style=\"left:132px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taq_218\" style=\"left:135px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tar_218\" style=\"left:138px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tas_218\" style=\"left:141px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tat_218\" style=\"left:144px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tau_218\" style=\"left:147px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tav_218\" style=\"left:150px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taw_218\" style=\"left:153px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tax_218\" style=\"left:156px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tay_218\" style=\"left:159px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"taz_218\" style=\"left:172px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb0_218\" style=\"left:197px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb1_218\" style=\"left:200px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb2_218\" style=\"left:203px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb3_218\" style=\"left:206px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb4_218\" style=\"left:208px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb5_218\" style=\"left:211px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb6_218\" style=\"left:214px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb7_218\" style=\"left:217px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb8_218\" style=\"left:220px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tb9_218\" style=\"left:223px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tba_218\" style=\"left:226px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbb_218\" style=\"left:229px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbc_218\" style=\"left:232px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbd_218\" style=\"left:245px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbe_218\" style=\"left:286px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbf_218\" style=\"left:289px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbg_218\" style=\"left:292px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbh_218\" style=\"left:295px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbi_218\" style=\"left:298px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbj_218\" style=\"left:301px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbk_218\" style=\"left:304px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbl_218\" style=\"left:307px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbm_218\" style=\"left:310px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbn_218\" style=\"left:313px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbo_218\" style=\"left:316px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbp_218\" style=\"left:319px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbq_218\" style=\"left:322px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbr_218\" style=\"left:325px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbs_218\" style=\"left:327px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbt_218\" style=\"left:341px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbu_218\" style=\"left:368px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbv_218\" style=\"left:371px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbw_218\" style=\"left:374px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbx_218\" style=\"left:377px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tby_218\" style=\"left:380px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tbz_218\" style=\"left:383px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc0_218\" style=\"left:386px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc1_218\" style=\"left:389px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc2_218\" style=\"left:392px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc3_218\" style=\"left:395px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc4_218\" style=\"left:398px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc5_218\" style=\"left:401px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc6_218\" style=\"left:404px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc7_218\" style=\"left:407px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc8_218\" style=\"left:410px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tc9_218\" style=\"left:423px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tca_218\" style=\"left:455px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcb_218\" style=\"left:458px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcc_218\" style=\"left:461px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcd_218\" style=\"left:464px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tce_218\" style=\"left:467px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcf_218\" style=\"left:470px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcg_218\" style=\"left:473px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tch_218\" style=\"left:476px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tci_218\" style=\"left:479px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcj_218\" style=\"left:482px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tck_218\" style=\"left:485px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcl_218\" style=\"left:487px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcm_218\" style=\"left:490px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcn_218\" style=\"left:493px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tco_218\" style=\"left:496px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcp_218\" style=\"left:510px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcq_218\" style=\"left:534px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcr_218\" style=\"left:537px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcs_218\" style=\"left:540px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tct_218\" style=\"left:543px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcu_218\" style=\"left:546px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcv_218\" style=\"left:549px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcw_218\" style=\"left:552px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcx_218\" style=\"left:555px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcy_218\" style=\"left:558px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tcz_218\" style=\"left:561px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td0_218\" style=\"left:564px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td1_218\" style=\"left:567px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td2_218\" style=\"left:570px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td3_218\" style=\"left:583px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td4_218\" style=\"left:606px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td5_218\" style=\"left:609px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td6_218\" style=\"left:612px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td7_218\" style=\"left:615px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td8_218\" style=\"left:618px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"td9_218\" style=\"left:621px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tda_218\" style=\"left:624px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdb_218\" style=\"left:627px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdc_218\" style=\"left:630px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdd_218\" style=\"left:633px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tde_218\" style=\"left:636px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdf_218\" style=\"left:639px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdg_218\" style=\"left:642px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdh_218\" style=\"left:645px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdi_218\" style=\"left:648px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdj_218\" style=\"left:651px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdk_218\" style=\"left:654px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdl_218\" style=\"left:657px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdm_218\" style=\"left:670px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdn_218\" style=\"left:679px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdo_218\" style=\"left:682px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdp_218\" style=\"left:685px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdq_218\" style=\"left:688px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdr_218\" style=\"left:691px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tds_218\" style=\"left:694px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdt_218\" style=\"left:697px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdu_218\" style=\"left:700px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdv_218\" style=\"left:703px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdw_218\" style=\"left:706px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdx_218\" style=\"left:708px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdy_218\" style=\"left:711px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tdz_218\" style=\"left:714px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te0_218\" style=\"left:717px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te1_218\" style=\"left:720px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te2_218\" style=\"left:723px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te3_218\" style=\"left:726px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te4_218\" style=\"left:729px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te5_218\" style=\"left:732px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te6_218\" style=\"left:735px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te7_218\" style=\"left:738px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te8_218\" style=\"left:741px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"te9_218\" style=\"left:744px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tea_218\" style=\"left:747px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teb_218\" style=\"left:750px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tec_218\" style=\"left:753px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ted_218\" style=\"left:756px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tee_218\" style=\"left:759px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tef_218\" style=\"left:762px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teg_218\" style=\"left:765px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teh_218\" style=\"left:778px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tei_218\" style=\"left:804px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tej_218\" style=\"left:807px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tek_218\" style=\"left:810px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tel_218\" style=\"left:813px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tem_218\" style=\"left:816px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ten_218\" style=\"left:819px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teo_218\" style=\"left:822px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tep_218\" style=\"left:825px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"teq_218\" style=\"left:828px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"ter_218\" style=\"left:831px;bottom:255px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tes_218\" style=\"left:834px;bottom:255px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"tet_218\" style=\"left:43px;bottom:236px;letter-spacing:0.21px;display:inline;\">Debt </div><div class=\"t sa_218\" id=\"teu_218\" style=\"left:141px;bottom:236px;letter-spacing:0.02px;display:inline;\">405 </div><div class=\"t sa_218\" id=\"tev_218\" style=\"left:211px;bottom:236px;letter-spacing:-0.11px;display:inline;\">(950) </div><div class=\"t sa_218\" id=\"tew_218\" style=\"left:295px;bottom:236px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t sa_218\" id=\"tex_218\" style=\"left:400px;bottom:236px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t sa_218\" id=\"tey_218\" style=\"left:489px;bottom:236px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_218\" id=\"tez_218\" style=\"left:567px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf0_218\" style=\"left:654px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf1_218\" style=\"left:762px;bottom:236px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf2_218\" style=\"left:803px;bottom:236px;letter-spacing:-0.17px;display:inline;\">(1,497) </div>\n<div class=\"t sa_218\" id=\"tf3_218\" style=\"left:43px;bottom:218px;letter-spacing:0.16px;display:inline;\">Equity </div><div class=\"t sa_218\" id=\"tf4_218\" style=\"left:95px;bottom:218px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tf5_218\" style=\"left:156px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf6_218\" style=\"left:230px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf7_218\" style=\"left:325px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf8_218\" style=\"left:407px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tf9_218\" style=\"left:494px;bottom:218px;display:inline;\">\u2013 </div><div class=\"t sa_218\" id=\"tfa_218\" style=\"left:553px;bottom:218px;letter-spacing:-0.48px;display:inline;\">328 </div><div class=\"t sa_218\" id=\"tfb_218\" style=\"left:647px;bottom:218px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sa_218\" id=\"tfc_218\" style=\"left:752px;bottom:218px;letter-spacing:-0.45px;display:inline;\">(11) </div><div class=\"t sa_218\" id=\"tfd_218\" style=\"left:817px;bottom:218px;letter-spacing:-0.23px;display:inline;\">333 </div>\n<div class=\"t sc_218\" id=\"tfe_218\" style=\"left:43px;bottom:199px;letter-spacing:-0.11px;display:inline;\">Total </div><div class=\"t sa_218\" id=\"tff_218\" style=\"left:95px;bottom:199px;display:inline;\">\u00a0</div><div class=\"t sa_218\" id=\"tfg_218\" style=\"left:141px;bottom:199px;letter-spacing:0.02px;display:inline;\">405 </div><div class=\"t sa_218\" id=\"tfh_218\" style=\"left:211px;bottom:199px;letter-spacing:-0.11px;display:inline;\">(950) </div><div class=\"t sa_218\" id=\"tfi_218\" style=\"left:295px;bottom:199px;letter-spacing:-0.03px;display:inline;\">(1,000) </div><div class=\"t sa_218\" id=\"tfj_218\" style=\"left:400px;bottom:199px;letter-spacing:-0.4px;display:inline;\">55 </div><div class=\"t sa_218\" id=\"tfk_218\" style=\"left:489px;bottom:199px;letter-spacing:0.39px;display:inline;\">(7) </div><div class=\"t sa_218\" id=\"tfl_218\" style=\"left:553px;bottom:199px;letter-spacing:-0.48px;display:inline;\">328 </div><div class=\"t sa_218\" id=\"tfm_218\" style=\"left:647px;bottom:199px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sa_218\" id=\"tfn_218\" style=\"left:752px;bottom:199px;letter-spacing:-0.45px;display:inline;\">(11) </div><div class=\"t sa_218\" id=\"tfo_218\" style=\"left:803px;bottom:199px;letter-spacing:-0.24px;display:inline;\">(1,164) </div>\n<div class=\"t se_218\" id=\"tfp_218\" style=\"left:43px;bottom:175px;display:inline;\">1 </div>This includes drawdown and repayment of the syndicated revolving credit facility.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28162": {
   "value": "Accounting policy <div class=\"t s9_217\" id=\"t1i_217\" style=\"left:74px;bottom:626px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">In the Group cash \ufb02ow statement, cash and cash equivalents includes cash at bank, other short-term liquid investments with original </div>\n<div class=\"t s9_217\" id=\"t1j_217\" style=\"left:74px;bottom:611px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">maturities of three months or less and bank overdra\ufb05s. In the Group balance sheet, bank overdra\ufb05s are shown within bank overdra\ufb05s, </div>\nborrowings, loans and lease liabilities under current liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28466": {
   "value": "Cash and cash equivalents <div class=\"t sa_218\" id=\"t1z_218\" style=\"left:43px;bottom:665px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">For the purposes of the Group cash \ufb02ow statement, cash and cash equivalents at 31 December 2022 comprise cash at bank net </div>\n<div class=\"t sa_218\" id=\"t20_218\" style=\"left:43px;bottom:650px;letter-spacing:0.14px;word-spacing:-0.1px;display:inline;\">of\u00a0bank overdra\ufb05s. </div>\n<div class=\"t s9_218\" id=\"t21_218\" style=\"left:585px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t22_218\" style=\"left:587px;bottom:636px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t23_218\" style=\"left:640px;bottom:636px;letter-spacing:-0.51px;display:inline;\">2022 </div><div class=\"t s9_218\" id=\"t24_218\" style=\"left:727px;bottom:636px;letter-spacing:-0.56px;display:inline;\">2021 </div><div class=\"t s9_218\" id=\"t25_218\" style=\"left:813px;bottom:636px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div>\n<div class=\"t s9_218\" id=\"t26_218\" style=\"left:585px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t27_218\" style=\"left:587px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t28_218\" style=\"left:589px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t29_218\" style=\"left:592px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2a_218\" style=\"left:594px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2b_218\" style=\"left:625px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2c_218\" style=\"left:671px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2d_218\" style=\"left:674px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2e_218\" style=\"left:676px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2f_218\" style=\"left:678px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2g_218\" style=\"left:711px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2h_218\" style=\"left:758px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2i_218\" style=\"left:760px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2j_218\" style=\"left:763px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2k_218\" style=\"left:765px;bottom:624px;display:inline;\">\u00a0</div><div class=\"t s9_218\" id=\"t2l_218\" style=\"left:798px;bottom:624px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t s9_218\" id=\"t2m_218\" style=\"left:844px;bottom:624px;display:inline;\">\u00a0</div>\n<div class=\"t sa_218\" id=\"t2n_218\" style=\"left:43px;bottom:604px;letter-spacing:0.17px;word-spacing:-0.13px;display:inline;\">Cash at bank </div><div class=\"t sb_218\" id=\"t2o_218\" style=\"left:642px;bottom:604px;letter-spacing:-0.21px;display:inline;\">350 </div><div class=\"t sa_218\" id=\"t2p_218\" style=\"left:719px;bottom:604px;letter-spacing:-0.05px;display:inline;\">1,290 </div><div class=\"t sa_218\" id=\"t2q_218\" style=\"left:807px;bottom:604px;letter-spacing:-0.45px;display:inline;\">1,762 </div>\n<div class=\"t sa_218\" id=\"t2r_218\" style=\"left:43px;bottom:586px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Bank overdra\ufb05s </div><div class=\"t sb_218\" id=\"t2s_218\" style=\"left:653px;bottom:586px;letter-spacing:-0.22px;display:inline;\">(6) </div><div class=\"t sa_218\" id=\"t2t_218\" style=\"left:741px;bottom:586px;letter-spacing:0.07px;display:inline;\">(5) </div><div class=\"t sa_218\" id=\"t2u_218\" style=\"left:822px;bottom:586px;letter-spacing:-0.45px;display:inline;\">(11) </div>\n<div class=\"t sc_218\" id=\"t2v_218\" style=\"left:43px;bottom:568px;letter-spacing:0.18px;word-spacing:-0.14px;display:inline;\">Cash and cash equivalents </div><div class=\"t sb_218\" id=\"t2w_218\" style=\"left:641px;bottom:568px;letter-spacing:0.01px;display:inline;\">344 </div><div class=\"t sa_218\" id=\"t2x_218\" style=\"left:720px;bottom:568px;letter-spacing:-0.17px;display:inline;\">1,285 </div><div class=\"t sa_218\" id=\"t2y_218\" style=\"left:807px;bottom:568px;letter-spacing:-0.45px;display:inline;\">1,751 </div>\n<div class=\"t sa_218\" id=\"t2z_218\" style=\"left:43px;bottom:539px;letter-spacing:0.13px;word-spacing:-0.09px;display:inline;\">The Group operates in over 100 countries around the world, some of which impose restrictions over cash movement. These restrictions </div>\nhave only a minimal impact of the management on the Group\u2019s cash.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28979": {
   "value": "21 <div class=\"t s2_219\" id=\"t2_219\" style=\"left:87px;bottom:956px;letter-spacing:-0.05px;display:inline;\">Acquisitions </div>\n<div class=\"t s3_219\" id=\"t3_219\" style=\"left:74px;bottom:929px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t s4_219\" id=\"t4_219\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group accounts for business combinations using the acquisition method when control is transferred to the Group. </div>\n<div class=\"t s4_219\" id=\"t5_219\" style=\"left:74px;bottom:896px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The consideration transferred in the acquisition is measured at fair value, as are the identi\ufb01able net assets acquired. Any goodwill </div>\n<div class=\"t s4_219\" id=\"t6_219\" style=\"left:74px;bottom:881px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">that\u00a0arises is tested annually for\u00a0impairment. Any gain on a bargain purchase is recognised in pro\ufb01t or loss immediately. </div>\n<div class=\"t s4_219\" id=\"t7_219\" style=\"left:74px;bottom:866px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. </div>\n<div class=\"t s4_219\" id=\"t8_219\" style=\"left:74px;bottom:842px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">Any contingent consideration payable is measured at fair value at the acquisition date. If the contingent consideration is classi\ufb01ed </div>\n<div class=\"t s4_219\" id=\"t9_219\" style=\"left:74px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">as\u00a0equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes in the fair value </div>\n<div class=\"t s4_219\" id=\"ta_219\" style=\"left:74px;bottom:811px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of\u00a0the\u00a0contingent consideration are recognised in pro\ufb01t or loss. </div>\n<div class=\"t s3_219\" id=\"tb_219\" style=\"left:65px;bottom:773px;letter-spacing:0.02px;word-spacing:0.04px;display:inline;\">Year ended 31 December 2022 </div>\n<div class=\"t s5_219\" id=\"tc_219\" style=\"left:65px;bottom:756px;letter-spacing:0.09px;word-spacing:-0.05px;display:inline;\">On 18 January 2022, the Group completed the acquisition of 100% of the share capital of Engage Uni, LLC (doing business as Engage </div>\n<div class=\"t s5_219\" id=\"td_219\" style=\"left:65px;bottom:740px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Surgical), owner of the only cementless unicompartmental (partial) knee system commercially available in the US. This acquisition </div>\n<div class=\"t s5_219\" id=\"te_219\" style=\"left:65px;bottom:725px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">strongly supports Smith+Nephew\u2019s Strategy for Growth by transforming our business through innovation and acquisition, while also </div>\n<div class=\"t s5_219\" id=\"tf_219\" style=\"left:65px;bottom:710px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">providing di\ufb00erentiation for our customers. </div>\n<div class=\"t s5_219\" id=\"tg_219\" style=\"left:65px;bottom:686px;letter-spacing:-0.04px;word-spacing:-0.07px;display:inline;\">The maximum consideration, all payable in cash, is $135 million and the provisional fair value consideration is $131 million and includes </div>\n<div class=\"t s5_219\" id=\"th_219\" style=\"left:65px;bottom:670px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">$32 million of contingent consideration. The goodwill represents the control premium, the acquired workforce and the synergies </div>\n<div class=\"t s5_219\" id=\"ti_219\" style=\"left:65px;bottom:655px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">expected from integrating Engage Surgical into the Group\u2019s existing business. The majority of the consideration is expected to be </div>\n<div class=\"t s5_219\" id=\"tj_219\" style=\"left:65px;bottom:640px;letter-spacing:0.16px;word-spacing:-0.14px;display:inline;\">deductible for tax purposes. </div>\n<div class=\"t s5_219\" id=\"tk_219\" style=\"left:65px;bottom:616px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair value of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t s6_219\" id=\"tl_219\" style=\"left:780px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tm_219\" style=\"left:782px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tn_219\" style=\"left:784px;bottom:590px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"to_219\" style=\"left:787px;bottom:590px;display:inline;\">\u00a0</div>\n<div class=\"t s6_219\" id=\"tp_219\" style=\"left:825px;bottom:602px;letter-spacing:-0.09px;display:inline;\">Engage </div>\n<div class=\"t s6_219\" id=\"tq_219\" style=\"left:822px;bottom:590px;letter-spacing:-0.07px;display:inline;\">Surgical </div>\n<div class=\"t s6_219\" id=\"tr_219\" style=\"left:780px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"ts_219\" style=\"left:782px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tt_219\" style=\"left:784px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tu_219\" style=\"left:787px;bottom:578px;display:inline;\">\u00a0</div><div class=\"t s6_219\" id=\"tv_219\" style=\"left:820px;bottom:578px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div>\n<div class=\"t s5_219\" id=\"tw_219\" style=\"left:65px;bottom:558px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s5_219\" id=\"tx_219\" style=\"left:846px;bottom:558px;letter-spacing:0.16px;display:inline;\">44 </div>\n<div class=\"t s5_219\" id=\"ty_219\" style=\"left:65px;bottom:540px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s5_219\" id=\"tz_219\" style=\"left:854px;bottom:540px;display:inline;\">2 </div>\n<div class=\"t s5_219\" id=\"t10_219\" style=\"left:65px;bottom:522px;letter-spacing:0.16px;display:inline;\">Inventory </div><div class=\"t s5_219\" id=\"t11_219\" style=\"left:854px;bottom:522px;display:inline;\">2 </div>\n<div class=\"t s5_219\" id=\"t12_219\" style=\"left:65px;bottom:503px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s5_219\" id=\"t13_219\" style=\"left:851px;bottom:503px;letter-spacing:-0.43px;display:inline;\">(1) </div>\n<div class=\"t s5_219\" id=\"t14_219\" style=\"left:65px;bottom:485px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s5_219\" id=\"t15_219\" style=\"left:846px;bottom:485px;letter-spacing:-0.59px;display:inline;\">47 </div>\n<div class=\"t s5_219\" id=\"t16_219\" style=\"left:65px;bottom:466px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s5_219\" id=\"t17_219\" style=\"left:846px;bottom:466px;letter-spacing:0.03px;display:inline;\">84 </div>\n<div class=\"t s7_219\" id=\"t18_219\" style=\"left:69px;bottom:448px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s5_219\" id=\"t19_219\" style=\"left:839px;bottom:448px;letter-spacing:-0.4px;display:inline;\">131 </div>\n<div class=\"t s5_219\" id=\"t1a_219\" style=\"left:65px;bottom:418px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">The product-related intangible assets were valued using a relief-from-royalty methodology with the key inputs being revenue, </div>\n<div class=\"t s5_219\" id=\"t1b_219\" style=\"left:65px;bottom:402px;letter-spacing:0.07px;word-spacing:-0.03px;display:inline;\">pro\ufb01t and\u00a0discount rate. The cash out\ufb02ow from acquisitions of $113m (2021: $285m) comprises payments of consideration of </div>\n<div class=\"t s5_219\" id=\"t1c_219\" style=\"left:65px;bottom:386px;letter-spacing:-0.01px;word-spacing:-0.03px;display:inline;\">$89m\u00a0(2021:\u00a0$236m) relating to acquisitions in the current year and payments of deferred and contingent consideration of $24m </div>\n<div class=\"t s5_219\" id=\"t1d_219\" style=\"left:65px;bottom:370px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">(2021:\u00a0$49m) relating to acquisitions completed in prior years. </div>\n<div class=\"t s5_219\" id=\"t1e_219\" style=\"left:65px;bottom:345px;letter-spacing:0.04px;word-spacing:-0.01px;display:inline;\">The carrying value of goodwill increased from $2,989m at 31 December 2021 to $3,031m at 31 December 2022. The acquisition in </div>\n<div class=\"t s5_219\" id=\"t1f_219\" style=\"left:65px;bottom:329px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">the\u00a0year ended 31 December 2022 increased goodwill by $84m, this was partially o\ufb00set by foreign exchange movements of $42m. </div>\n<div class=\"t s5_219\" id=\"t1g_219\" style=\"left:65px;bottom:305px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2022, the contribution from Engage Surgical to revenue and to pro\ufb01t was immaterial. If the business </div>\n<div class=\"t s5_219\" id=\"t1h_219\" style=\"left:65px;bottom:289px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">combination had occurred at the beginning of the year the contribution to revenue and pro\ufb01t would not have been materially di\ufb00erent. </div>\n<div class=\"t s8_219\" id=\"t1i_219\" style=\"left:831px;bottom:11px;letter-spacing:-1.73px;display:inline;\">217 </div><div class=\"t s9_219\" id=\"t1j_219\" style=\"left:65px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t sa_219\" id=\"t1k_219\" style=\"left:143px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div>\n<div class=\"t sb_219\" id=\"t1l_219\" style=\"left:764px;bottom:1040px;letter-spacing:0.08px;word-spacing:-0.08px;display:inline;\">STRATEGIC REPORT </div>\n<div class=\"t sb_219\" id=\"t1m_219\" style=\"left:764px;bottom:1028px;letter-spacing:0.14px;display:inline;\">GOVERNANCE </div>\n<div class=\"t sc_219\" id=\"t1n_219\" style=\"left:764px;bottom:1016px;letter-spacing:0.18px;display:inline;\">ACCOUNTS </div>\n<div class=\"t sb_219\" id=\"t1o_219\" style=\"left:764px;bottom:1004px;letter-spacing:0.09px;word-spacing:-0.08px;display:inline;\">OTHER INFORMATION </div><div/><div class=\"t s1_220\" id=\"t1_220\" style=\"left:43px;bottom:1008px;letter-spacing:-0.24px;word-spacing:-0.02px;display:inline;\">Group \ufb01nancial statements </div><div class=\"t s2_220\" id=\"t2_220\" style=\"left:253px;bottom:1008px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s3_220\" id=\"t3_220\" style=\"left:43px;bottom:986px;letter-spacing:-0.25px;display:inline;\">Notes to the Group accounts </div><div class=\"t s4_220\" id=\"t4_220\" style=\"left:264px;bottom:986px;letter-spacing:-0.27px;display:inline;\">continued </div>\n<div class=\"t s5_220\" id=\"t5_220\" style=\"left:43px;bottom:956px;letter-spacing:-0.99px;display:inline;\">21 </div><div class=\"t s6_220\" id=\"t6_220\" style=\"left:65px;bottom:956px;letter-spacing:-0.06px;display:inline;\">Acquisitions </div><div class=\"t s7_220\" id=\"t7_220\" style=\"left:152px;bottom:956px;letter-spacing:-0.03px;display:inline;\">continued </div>\n<div class=\"t s8_220\" id=\"t8_220\" style=\"left:43px;bottom:938px;letter-spacing:0.01px;word-spacing:0.05px;display:inline;\">Year ended 31 December 2021 </div>\n<div class=\"t s9_220\" id=\"t9_220\" style=\"left:43px;bottom:921px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">On 4 January 2021, the Group completed the acquisition of the Extremity Orthopaedics business of Integra LifeSciences Holdings </div>\n<div class=\"t s9_220\" id=\"ta_220\" style=\"left:43px;bottom:906px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Corporation (\u2018Extremity Orthopaedics\u2019). The acquisition signi\ufb01cantly strengthens the Group\u2019s extremities business by adding a </div>\n<div class=\"t s9_220\" id=\"tb_220\" style=\"left:43px;bottom:890px;letter-spacing:0.01px;word-spacing:-0.11px;display:inline;\">combination of a focused sales channel, complementary shoulder replacement and upper and lower extremities portfolio, and a new </div>\n<div class=\"t s9_220\" id=\"tc_220\" style=\"left:43px;bottom:875px;letter-spacing:0.12px;word-spacing:-0.1px;display:inline;\">product pipeline. The transaction comprised the acquisition of the entire issued share capital of two wholly owned US subsidiaries </div>\n<div class=\"t s9_220\" id=\"td_220\" style=\"left:43px;bottom:860px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">of Integra LifeSciences Holdings Corporation group and certain assets of the Extremity Orthopaedics business held both in and </div>\n<div class=\"t s9_220\" id=\"te_220\" style=\"left:43px;bottom:845px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">outside the US. The maximum consideration is $240m and the fair value of consideration is $236m and includes no deferred </div>\n<div class=\"t s9_220\" id=\"tf_220\" style=\"left:43px;bottom:829px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">or\u00a0contingent consideration. </div>\n<div class=\"t s9_220\" id=\"tg_220\" style=\"left:43px;bottom:805px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">The goodwill represents the control premium, the acquired workforce and the synergies expected from integrating Extremity </div>\n<div class=\"t s9_220\" id=\"th_220\" style=\"left:43px;bottom:790px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">Orthopaedics into the Group\u2019s existing business, and is expected to be partly deductible for tax purposes. </div>\n<div class=\"t s9_220\" id=\"ti_220\" style=\"left:43px;bottom:766px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair value of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t sa_220\" id=\"tj_220\" style=\"left:758px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tk_220\" style=\"left:760px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tl_220\" style=\"left:763px;bottom:740px;display:inline;\">\u00a0</div><div class=\"t sa_220\" id=\"tm_220\" style=\"left:765px;bottom:740px;display:inline;\">\u00a0</div>\n<div class=\"t sa_220\" id=\"tn_220\" style=\"left:790px;bottom:753px;letter-spacing:-0.03px;display:inline;\">Extremity </div>\n<div class=\"t sa_220\" id=\"to_220\" style=\"left:773px;bottom:740px;letter-spacing:-0.06px;display:inline;\">Orthopaedics </div>\n<div class=\"t sa_220\" id=\"tp_220\" style=\"left:798px;bottom:728px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s9_220\" id=\"tq_220\" style=\"left:43px;bottom:709px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s9_220\" id=\"tr_220\" style=\"left:817px;bottom:709px;letter-spacing:-0.6px;display:inline;\">101 </div>\n<div class=\"t s9_220\" id=\"ts_220\" style=\"left:43px;bottom:690px;letter-spacing:0.12px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Customer-related </div><div class=\"t s9_220\" id=\"tt_220\" style=\"left:825px;bottom:690px;letter-spacing:-0.54px;display:inline;\">11 </div>\n<div class=\"t s9_220\" id=\"tu_220\" style=\"left:43px;bottom:672px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s9_220\" id=\"tv_220\" style=\"left:825px;bottom:672px;letter-spacing:-0.4px;display:inline;\">22 </div>\n<div class=\"t s9_220\" id=\"tw_220\" style=\"left:43px;bottom:653px;letter-spacing:0.16px;display:inline;\">Inventory </div><div class=\"t s9_220\" id=\"tx_220\" style=\"left:825px;bottom:653px;letter-spacing:-0.84px;display:inline;\">41 </div>\n<div class=\"t s9_220\" id=\"ty_220\" style=\"left:43px;bottom:635px;letter-spacing:0.16px;word-spacing:-0.12px;display:inline;\">Other payables </div><div class=\"t s9_220\" id=\"tz_220\" style=\"left:820px;bottom:635px;letter-spacing:-0.1px;display:inline;\">(23) </div>\n<div class=\"t s9_220\" id=\"t10_220\" style=\"left:43px;bottom:616px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net deferred tax asset </div><div class=\"t s9_220\" id=\"t11_220\" style=\"left:821px;bottom:616px;letter-spacing:-0.28px;display:inline;\">(12) </div>\n<div class=\"t s9_220\" id=\"t12_220\" style=\"left:43px;bottom:598px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s9_220\" id=\"t13_220\" style=\"left:817px;bottom:598px;letter-spacing:-0.3px;display:inline;\">140 </div>\n<div class=\"t s9_220\" id=\"t14_220\" style=\"left:43px;bottom:580px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s9_220\" id=\"t15_220\" style=\"left:824px;bottom:580px;letter-spacing:-0.07px;display:inline;\">96 </div>\n<div class=\"t sb_220\" id=\"t16_220\" style=\"left:48px;bottom:561px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s9_220\" id=\"t17_220\" style=\"left:817px;bottom:561px;letter-spacing:-0.17px;display:inline;\">236 </div>\n<div class=\"t s9_220\" id=\"t18_220\" style=\"left:43px;bottom:532px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The product-related intangible assets were valued using an excess earnings methodology with the key inputs being revenue, pro\ufb01t </div>\n<div class=\"t s9_220\" id=\"t19_220\" style=\"left:43px;bottom:517px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">and\u00a0discount rate. The cash out\ufb02ow from acquisitions of $285m (2020: $170m) comprises payments of consideration of $236m </div>\n<div class=\"t s9_220\" id=\"t1a_220\" style=\"left:43px;bottom:502px;letter-spacing:-0.07px;word-spacing:-0.04px;display:inline;\">(2020:\u00a0$117m) relating to the acquisition which completed in the current year and payments of deferred and contingent consideration </div>\n<div class=\"t s9_220\" id=\"t1b_220\" style=\"left:43px;bottom:486px;letter-spacing:0.04px;word-spacing:-0.02px;display:inline;\">of\u00a0$49m (2020: $53m) relating to acquisitions completed in prior years. </div>\n<div class=\"t s9_220\" id=\"t1c_220\" style=\"left:43px;bottom:462px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">The carrying value of goodwill increased from $2,928m at 31 December 2020 to $2,989m at 31 December 2021. The acquisition in </div>\n<div class=\"t s9_220\" id=\"t1d_220\" style=\"left:43px;bottom:447px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">the\u00a0year ended 31 December 2021 increased goodwill by $96m, this was partially o\ufb00set by foreign exchange movements of $35m. </div>\n<div class=\"t s9_220\" id=\"t1e_220\" style=\"left:43px;bottom:432px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">For the year ended 31 December 2021, the contribution from Extremity Orthopaedics to revenue was $82m and to pro\ufb01t was </div>\n<div class=\"t s9_220\" id=\"t1f_220\" style=\"left:43px;bottom:417px;letter-spacing:0.05px;word-spacing:-0.09px;display:inline;\">immaterial. If the business combination had occurred at the beginning of the year the contribution to revenue and pro\ufb01t would not </div>\n<div class=\"t s9_220\" id=\"t1g_220\" style=\"left:43px;bottom:401px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">have\u00a0been materially di\ufb00erent. </div>\n<div class=\"t s8_220\" id=\"t1h_220\" style=\"left:43px;bottom:377px;letter-spacing:0.02px;word-spacing:0.03px;display:inline;\">Year ended 31 December 2020 </div>\n<div class=\"t s9_220\" id=\"t1i_220\" style=\"left:43px;bottom:359px;letter-spacing:0.07px;word-spacing:-0.05px;display:inline;\">On 23 January 2020, the Group completed the acquisition of 100% of the share capital of Tusker Medical Inc. (\u2018Tusker\u2019), a developer </div>\n<div class=\"t s9_220\" id=\"t1j_220\" style=\"left:43px;bottom:344px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">of\u00a0an innovative in-o\ufb03ce solution for tympanostomy (ear tubes) called Tula. The acquisition was deemed to be a business combination </div>\n<div class=\"t s9_220\" id=\"t1k_220\" style=\"left:43px;bottom:329px;letter-spacing:0.05px;word-spacing:-0.1px;display:inline;\">within the scope of IFRS 3 Business Combinations. The acquisition supports the Group\u2019s strategy to invest in innovative technologies that </div>\n<div class=\"t s9_220\" id=\"t1l_220\" style=\"left:43px;bottom:314px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">address unmet clinical needs. The maximum consideration is $140m and the fair value of consideration is $139m and includes $6m of </div>\n<div class=\"t s9_220\" id=\"t1m_220\" style=\"left:43px;bottom:298px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">deferred consideration and $35m of contingent consideration. The goodwill represents the control premium, the acquired workforce and </div>\n<div class=\"t s9_220\" id=\"t1n_220\" style=\"left:43px;bottom:283px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the synergies expected from integrating Tusker into the Group\u2019s existing business, and is not expected to be deductible for tax purposes. </div>\n<div class=\"t s9_220\" id=\"t1o_220\" style=\"left:43px;bottom:268px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">The acquisition accounting was completed in 2021 with no adjustments to the fair value disclosed in the Group\u2019s 2020 Annual Report. </div>\n<div class=\"t s9_220\" id=\"t1p_220\" style=\"left:43px;bottom:244px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">For the year ended 31 December 2020, the contribution to revenue and pro\ufb01t from Tusker was immaterial. If the business combination </div>\n<div class=\"t s9_220\" id=\"t1q_220\" style=\"left:43px;bottom:228px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">had occurred at the beginning of the year, the contribution to revenue and pro\ufb01t would also have been immaterial. </div>\n<div class=\"t sc_220\" id=\"t1r_220\" style=\"left:43px;bottom:11px;letter-spacing:-1.19px;display:inline;\">218 </div><div class=\"t sd_220\" id=\"t1s_220\" style=\"left:670px;bottom:16px;letter-spacing:-0.12px;display:inline;\">Smith+Nephew </div><div class=\"t se_220\" id=\"t1t_220\" style=\"left:748px;bottom:16px;letter-spacing:-0.16px;word-spacing:-0.1px;display:inline;\">Annual Report 2022 </div><div/><div class=\"t s1_221\" id=\"t1_221\" style=\"left:65px;bottom:958px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">The fair values of assets acquired and liabilities assumed are set out below: </div>\n<div class=\"t s2_221\" id=\"t2_221\" style=\"left:780px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t3_221\" style=\"left:782px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t4_221\" style=\"left:784px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t5_221\" style=\"left:787px;bottom:944px;display:inline;\">\u00a0</div><div class=\"t s2_221\" id=\"t6_221\" style=\"left:829px;bottom:944px;letter-spacing:-0.28px;display:inline;\">Tusker </div>\n<div class=\"t s2_221\" id=\"t7_221\" style=\"left:820px;bottom:932px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$ million </div>\n<div class=\"t s1_221\" id=\"t8_221\" style=\"left:65px;bottom:913px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">Intangible assets \u2013 Product-related </div><div class=\"t s1_221\" id=\"t9_221\" style=\"left:846px;bottom:913px;letter-spacing:-0.31px;display:inline;\">53 </div>\n<div class=\"t s1_221\" id=\"ta_221\" style=\"left:65px;bottom:894px;letter-spacing:0.15px;word-spacing:-0.12px;display:inline;\">Property, plant and equipment </div><div class=\"t s1_221\" id=\"tb_221\" style=\"left:854px;bottom:894px;display:inline;\">6 </div>\n<div class=\"t s1_221\" id=\"tc_221\" style=\"left:65px;bottom:876px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Other receivables </div><div class=\"t s1_221\" id=\"td_221\" style=\"left:854px;bottom:876px;display:inline;\">1 </div>\n<div class=\"t s1_221\" id=\"te_221\" style=\"left:65px;bottom:857px;letter-spacing:0.08px;word-spacing:-0.05px;display:inline;\">Trade and other payables </div><div class=\"t s1_221\" id=\"tf_221\" style=\"left:850px;bottom:857px;letter-spacing:-0.07px;display:inline;\">(6) </div>\n<div class=\"t s1_221\" id=\"tg_221\" style=\"left:65px;bottom:839px;letter-spacing:0.15px;word-spacing:-0.13px;display:inline;\">Non-current liabilities </div><div class=\"t s1_221\" id=\"th_221\" style=\"left:850px;bottom:839px;letter-spacing:-0.07px;display:inline;\">(3) </div>\n<div class=\"t s1_221\" id=\"ti_221\" style=\"left:65px;bottom:820px;letter-spacing:0.16px;word-spacing:-0.13px;display:inline;\">Net deferred tax asset </div><div class=\"t s1_221\" id=\"tj_221\" style=\"left:854px;bottom:820px;display:inline;\">5 </div>\n<div class=\"t s1_221\" id=\"tk_221\" style=\"left:65px;bottom:802px;letter-spacing:0.2px;word-spacing:-0.16px;display:inline;\">Net assets </div><div class=\"t s1_221\" id=\"tl_221\" style=\"left:846px;bottom:802px;letter-spacing:-0.23px;display:inline;\">56 </div>\n<div class=\"t s1_221\" id=\"tm_221\" style=\"left:65px;bottom:784px;letter-spacing:0.2px;display:inline;\">Goodwill </div><div class=\"t s1_221\" id=\"tn_221\" style=\"left:846px;bottom:784px;letter-spacing:-0.17px;display:inline;\">83 </div>\n<div class=\"t s3_221\" id=\"to_221\" style=\"left:69px;bottom:765px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Consideration (net of $nil cash acquired) </div><div class=\"t s1_221\" id=\"tp_221\" style=\"left:838px;bottom:765px;letter-spacing:-0.2px;display:inline;\">139 </div>\n<div class=\"t s1_221\" id=\"tq_221\" style=\"left:65px;bottom:736px;letter-spacing:0.1px;word-spacing:-0.07px;display:inline;\">During the year ended 31 December 2020, the Group also completed two other smaller acquisitions in the spheres of remote physical </div>\n<div class=\"t s1_221\" id=\"tr_221\" style=\"left:65px;bottom:721px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">therapy and arthroscopic enabling technology. The maximum aggregated consideration is $41m and the fair value of consideration is </div>\n<div class=\"t s1_221\" id=\"ts_221\" style=\"left:65px;bottom:706px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">$26m and includes $3m of deferred consideration and $17m of contingent consideration. The fair value of aggregate assets acquired is: </div>\n<div class=\"t s1_221\" id=\"tt_221\" style=\"left:65px;bottom:690px;letter-spacing:0.04px;word-spacing:-0.08px;display:inline;\">intangible assets of $8m, property and other net assets of $2m. The goodwill arising on these acquisitions is $16m, which is not expected </div>\n<div class=\"t s1_221\" id=\"tu_221\" style=\"left:65px;bottom:675px;letter-spacing:0.13px;word-spacing:-0.11px;display:inline;\">to be deductible for tax purposes, and is attributable to future iterations of the technologies and the synergies that can be expected </div>\n<div class=\"t s1_221\" id=\"tv_221\" style=\"left:65px;bottom:660px;letter-spacing:0.1px;word-spacing:-0.08px;display:inline;\">from integrating these acquisitions into the Group\u2019s existing business. </div>\n<div class=\"t s1_221\" id=\"tw_221\" style=\"left:65px;bottom:636px;letter-spacing:0.11px;word-spacing:-0.07px;display:inline;\">For the year ended 31 December 2020, the contribution to revenue and pro\ufb01t from the business combinations was immaterial. If the </div>\nbusiness combinations had occurred at the beginning of the year, the contribution to revenue and pro\ufb01t would have been immaterial.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f28984": {
   "value": "Accounting policy <div class=\"t s4_219\" id=\"t4_219\" style=\"left:74px;bottom:911px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group accounts for business combinations using the acquisition method when control is transferred to the Group. </div>\n<div class=\"t s4_219\" id=\"t5_219\" style=\"left:74px;bottom:896px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">The consideration transferred in the acquisition is measured at fair value, as are the identi\ufb01able net assets acquired. Any goodwill </div>\n<div class=\"t s4_219\" id=\"t6_219\" style=\"left:74px;bottom:881px;letter-spacing:0.11px;word-spacing:-0.08px;display:inline;\">that\u00a0arises is tested annually for\u00a0impairment. Any gain on a bargain purchase is recognised in pro\ufb01t or loss immediately. </div>\n<div class=\"t s4_219\" id=\"t7_219\" style=\"left:74px;bottom:866px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. </div>\n<div class=\"t s4_219\" id=\"t8_219\" style=\"left:74px;bottom:842px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">Any contingent consideration payable is measured at fair value at the acquisition date. If the contingent consideration is classi\ufb01ed </div>\n<div class=\"t s4_219\" id=\"t9_219\" style=\"left:74px;bottom:826px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">as\u00a0equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes in the fair value </div>\nof\u00a0the\u00a0contingent consideration are recognised in pro\ufb01t or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29188": {
   "value": "22.1 <div class=\"t s8_222\" id=\"t8_222\" style=\"left:74px;bottom:938px;letter-spacing:-0.15px;word-spacing:-0.12px;display:inline;\">Share-based payments </div>\n<div class=\"t s9_222\" id=\"t9_222\" style=\"left:53px;bottom:911px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Accounting policy </div>\n<div class=\"t sa_222\" id=\"ta_222\" style=\"left:53px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group operates a number of equity-settled executive and employee share plans. For all grants of share options and awards, </div>\n<div class=\"t sa_222\" id=\"tb_222\" style=\"left:53px;bottom:878px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0fair value at the grant date is calculated using appropriate option pricing models. The grant date fair value is recognised over </div>\n<div class=\"t sa_222\" id=\"tc_222\" style=\"left:53px;bottom:863px;letter-spacing:0.14px;word-spacing:-0.11px;display:inline;\">the\u00a0vesting period as an expense, with a corresponding increase in retained earnings. </div>\n<div class=\"t sb_222\" id=\"td_222\" style=\"left:43px;bottom:825px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">The Group operates the following equity-settled executive and employee share plans: Smith &amp; Nephew Global Share Plan 2010, </div>\n<div class=\"t sb_222\" id=\"te_222\" style=\"left:43px;bottom:810px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Smith &amp; Nephew Global Share Plan 2020, Smith &amp; Nephew ShareSave Plan (2012) and Smith &amp; Nephew International ShareSave </div>\n<div class=\"t sb_222\" id=\"tf_222\" style=\"left:43px;bottom:795px;letter-spacing:-0.01px;word-spacing:0.04px;display:inline;\">Plan\u00a0(2012). At 31 December 2022, 5,202,000 options (2021: 4,472,000, 2020: 4,582,000) were outstanding with a range of </div>\n<div class=\"t sb_222\" id=\"tg_222\" style=\"left:43px;bottom:779px;letter-spacing:0.05px;word-spacing:-0.02px;display:inline;\">exercise\u00a0prices\u00a0from 843\u00a0to 1,541 pence. </div>\n<div class=\"t sb_222\" id=\"th_222\" style=\"left:43px;bottom:756px;letter-spacing:0.1px;word-spacing:-0.06px;display:inline;\">At 31 December 2022, the maximum number of shares that could be awarded under the Group\u2019s long-term incentive plans was </div>\n<div class=\"t sb_222\" id=\"ti_222\" style=\"left:43px;bottom:740px;letter-spacing:0.01px;word-spacing:0.02px;display:inline;\">7,371,000 (2021: 5,997,000, 2020: 4,704,000). These include conditional share awards granted to senior employees and equity </div>\n<div class=\"t sb_222\" id=\"tj_222\" style=\"left:43px;bottom:725px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">and\u00a0performance share awards granted to senior executives under the Global Share Plan 2010 and Global Share Plan 2020. </div>\nThe expense charged to the income statement for share-based payments for the year is $40m (2021: $41m, 2020: $26m). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29193": {
   "value": "Accounting policy <div class=\"t sa_222\" id=\"ta_222\" style=\"left:53px;bottom:893px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">The Group operates a number of equity-settled executive and employee share plans. For all grants of share options and awards, </div>\n<div class=\"t sa_222\" id=\"tb_222\" style=\"left:53px;bottom:878px;letter-spacing:0.11px;word-spacing:-0.09px;display:inline;\">the\u00a0fair value at the grant date is calculated using appropriate option pricing models. The grant date fair value is recognised over </div>\nthe\u00a0vesting period as an expense, with a corresponding increase in retained earnings.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29209": {
   "value": "22.2 <div class=\"t s8_222\" id=\"tm_222\" style=\"left:74px;bottom:676px;letter-spacing:-0.14px;word-spacing:-0.12px;display:inline;\">Related party transactions </div>\n<div class=\"t s9_222\" id=\"tn_222\" style=\"left:43px;bottom:658px;letter-spacing:0.09px;word-spacing:-0.06px;display:inline;\">Trading transactions </div>\n<div class=\"t sb_222\" id=\"to_222\" style=\"left:43px;bottom:641px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">In the course of normal operations, the Group traded with its associates detailed in Note 11. The aggregated transactions, </div>\n<div class=\"t sb_222\" id=\"tp_222\" style=\"left:43px;bottom:626px;letter-spacing:0.06px;word-spacing:-0.04px;display:inline;\">which\u00a0have not been disclosed elsewhere in the \ufb01nancial statements are $nil (2021: $nil, 2020: $nil). </div>\n<div class=\"t s9_222\" id=\"tq_222\" style=\"left:43px;bottom:601px;letter-spacing:0.16px;word-spacing:-0.1px;display:inline;\">Key management personnel </div>\n<div class=\"t sb_222\" id=\"tr_222\" style=\"left:43px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The remuneration of Executive O\ufb03cers (including Non-Executive Directors) during the year is summarised below: </div>\n<div class=\"t sc_222\" id=\"ts_222\" style=\"left:585px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tt_222\" style=\"left:587px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tu_222\" style=\"left:640px;bottom:561px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t sc_222\" id=\"tv_222\" style=\"left:674px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tw_222\" style=\"left:727px;bottom:561px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t sc_222\" id=\"tx_222\" style=\"left:760px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"ty_222\" style=\"left:813px;bottom:561px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div><div class=\"t sc_222\" id=\"tz_222\" style=\"left:847px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t sc_222\" id=\"t10_222\" style=\"left:585px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t11_222\" style=\"left:587px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t12_222\" style=\"left:589px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t13_222\" style=\"left:592px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t14_222\" style=\"left:625px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t15_222\" style=\"left:671px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t16_222\" style=\"left:674px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t17_222\" style=\"left:676px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t18_222\" style=\"left:678px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t19_222\" style=\"left:711px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1a_222\" style=\"left:758px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1b_222\" style=\"left:760px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1c_222\" style=\"left:763px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1d_222\" style=\"left:765px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1e_222\" style=\"left:798px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1f_222\" style=\"left:844px;bottom:549px;display:inline;\">\u00a0</div>\n<div class=\"t sb_222\" id=\"t1g_222\" style=\"left:43px;bottom:530px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Short-term employee bene\ufb01ts </div><div class=\"t sd_222\" id=\"t1h_222\" style=\"left:651px;bottom:530px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sb_222\" id=\"t1i_222\" style=\"left:738px;bottom:530px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sb_222\" id=\"t1j_222\" style=\"left:825px;bottom:530px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t sb_222\" id=\"t1k_222\" style=\"left:43px;bottom:511px;letter-spacing:0.18px;word-spacing:-0.12px;display:inline;\">Share-based payments expense </div><div class=\"t sd_222\" id=\"t1l_222\" style=\"left:650px;bottom:511px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t sb_222\" id=\"t1m_222\" style=\"left:745px;bottom:511px;display:inline;\">7 </div><div class=\"t sb_222\" id=\"t1n_222\" style=\"left:832px;bottom:511px;display:inline;\">5 </div>\n<div class=\"t sb_222\" id=\"t1o_222\" style=\"left:43px;bottom:493px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Pension and post-employment bene\ufb01t entitlements </div><div class=\"t sd_222\" id=\"t1p_222\" style=\"left:658px;bottom:493px;display:inline;\">2 </div><div class=\"t sb_222\" id=\"t1q_222\" style=\"left:745px;bottom:493px;display:inline;\">1 </div><div class=\"t sb_222\" id=\"t1r_222\" style=\"left:832px;bottom:493px;display:inline;\">2 </div>\n<div class=\"t sd_222\" id=\"t1s_222\" style=\"left:650px;bottom:474px;letter-spacing:-0.33px;display:inline;\">29 </div><div class=\"t sb_222\" id=\"t1t_222\" style=\"left:738px;bottom:474px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sb_222\" id=\"t1u_222\" style=\"left:825px;bottom:474px;letter-spacing:-0.45px;display:inline;\">19 </div>\n<div class=\"t sb_222\" id=\"t1v_222\" style=\"left:43px;bottom:446px;letter-spacing:0.06px;word-spacing:-0.02px;display:inline;\">Directors\u2019 remuneration disclosures are included on pages 116\u2013145. </div>\n<div class=\"t s9_222\" id=\"t1w_222\" style=\"left:43px;bottom:421px;letter-spacing:0.16px;word-spacing:-0.11px;display:inline;\">Retirement bene\ufb01t schemes </div>\nDetails of the Group\u2019s retirement bene\ufb01t schemes are set out in Note 18.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29216": {
   "value": "Key management personnel <div class=\"t sb_222\" id=\"tr_222\" style=\"left:43px;bottom:584px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">The remuneration of Executive O\ufb03cers (including Non-Executive Directors) during the year is summarised below: </div>\n<div class=\"t sc_222\" id=\"ts_222\" style=\"left:585px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tt_222\" style=\"left:587px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tu_222\" style=\"left:640px;bottom:561px;letter-spacing:-0.5px;display:inline;\">2022\u00a0</div><div class=\"t sc_222\" id=\"tv_222\" style=\"left:674px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"tw_222\" style=\"left:727px;bottom:561px;letter-spacing:-0.54px;display:inline;\">2021\u00a0</div><div class=\"t sc_222\" id=\"tx_222\" style=\"left:760px;bottom:561px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"ty_222\" style=\"left:813px;bottom:561px;letter-spacing:-0.43px;display:inline;\">2020\u00a0</div><div class=\"t sc_222\" id=\"tz_222\" style=\"left:847px;bottom:561px;display:inline;\">\u00a0</div>\n<div class=\"t sc_222\" id=\"t10_222\" style=\"left:585px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t11_222\" style=\"left:587px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t12_222\" style=\"left:589px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t13_222\" style=\"left:592px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t14_222\" style=\"left:625px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t15_222\" style=\"left:671px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t16_222\" style=\"left:674px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t17_222\" style=\"left:676px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t18_222\" style=\"left:678px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t19_222\" style=\"left:711px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1a_222\" style=\"left:758px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1b_222\" style=\"left:760px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1c_222\" style=\"left:763px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1d_222\" style=\"left:765px;bottom:549px;display:inline;\">\u00a0</div><div class=\"t sc_222\" id=\"t1e_222\" style=\"left:798px;bottom:549px;letter-spacing:-0.09px;word-spacing:-0.15px;display:inline;\">$\u00a0million </div><div class=\"t sc_222\" id=\"t1f_222\" style=\"left:844px;bottom:549px;display:inline;\">\u00a0</div>\n<div class=\"t sb_222\" id=\"t1g_222\" style=\"left:43px;bottom:530px;letter-spacing:0.14px;word-spacing:-0.09px;display:inline;\">Short-term employee bene\ufb01ts </div><div class=\"t sd_222\" id=\"t1h_222\" style=\"left:651px;bottom:530px;letter-spacing:-1.09px;display:inline;\">17 </div><div class=\"t sb_222\" id=\"t1i_222\" style=\"left:738px;bottom:530px;letter-spacing:-0.7px;display:inline;\">16 </div><div class=\"t sb_222\" id=\"t1j_222\" style=\"left:825px;bottom:530px;letter-spacing:-0.35px;display:inline;\">12 </div>\n<div class=\"t sb_222\" id=\"t1k_222\" style=\"left:43px;bottom:511px;letter-spacing:0.18px;word-spacing:-0.12px;display:inline;\">Share-based payments expense </div><div class=\"t sd_222\" id=\"t1l_222\" style=\"left:650px;bottom:511px;letter-spacing:-0.47px;display:inline;\">10 </div><div class=\"t sb_222\" id=\"t1m_222\" style=\"left:745px;bottom:511px;display:inline;\">7 </div><div class=\"t sb_222\" id=\"t1n_222\" style=\"left:832px;bottom:511px;display:inline;\">5 </div>\n<div class=\"t sb_222\" id=\"t1o_222\" style=\"left:43px;bottom:493px;letter-spacing:0.15px;word-spacing:-0.1px;display:inline;\">Pension and post-employment bene\ufb01t entitlements </div><div class=\"t sd_222\" id=\"t1p_222\" style=\"left:658px;bottom:493px;display:inline;\">2 </div><div class=\"t sb_222\" id=\"t1q_222\" style=\"left:745px;bottom:493px;display:inline;\">1 </div><div class=\"t sb_222\" id=\"t1r_222\" style=\"left:832px;bottom:493px;display:inline;\">2 </div>\n<div class=\"t sd_222\" id=\"t1s_222\" style=\"left:650px;bottom:474px;letter-spacing:-0.33px;display:inline;\">29 </div><div class=\"t sb_222\" id=\"t1t_222\" style=\"left:738px;bottom:474px;letter-spacing:-0.8px;display:inline;\">24 </div><div class=\"t sb_222\" id=\"t1u_222\" style=\"left:825px;bottom:474px;letter-spacing:-0.45px;display:inline;\">19 </div>\nDirectors\u2019 remuneration disclosures are included on pages 116\u2013145. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f29264": {
   "value": "23 <div class=\"t s6_222\" id=\"t1z_222\" style=\"left:66px;bottom:377px;letter-spacing:-0.04px;word-spacing:-0.05px;display:inline;\">Post balance sheet events </div>\n<div class=\"t sb_222\" id=\"t20_222\" style=\"left:43px;bottom:360px;letter-spacing:0.12px;word-spacing:-0.09px;display:inline;\">There have been no events between the balance sheet date, and the date on which the \ufb01nancial statements were approved by the </div>Board, which would require adjustment to the \ufb01nancial statements or any additional disclosures. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f34921": {
   "value": "UK",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f34924": {
   "value": "Building 5, Croxley Park, <div class=\"t s4_250\" id=\"t4n_250\" style=\"left:589px;bottom:158px;letter-spacing:0.13px;word-spacing:-0.1px;display:inline;\">Hatters Lane, Watford, </div>\n<div class=\"t s4_250\" id=\"t4o_250\" style=\"left:589px;bottom:142px;letter-spacing:0.08px;word-spacing:-0.04px;display:inline;\">Hertfordshire, WD18 8YE, </div>\nUnited Kingdom.",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f35529": {
   "value": "Smith &amp; Nephew plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800ZTMDN8S67S1H61",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}