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    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:USD"
   }
  },
  "fact-445": {
   "value": "-102000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "mangroupplc:OwnSharesHeldByEmployeeTrustMember",
    "unit": "iso4217:USD"
   }
  },
  "fact-446": {
   "value": "-227000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:USD"
   }
  },
  "fact-447": {
   "value": "47000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:USD"
   }
  },
  "fact-448": {
   "value": "26000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "mangroupplc:OtherImmaterialReservesMember",
    "unit": "iso4217:USD"
   }
  },
  "fact-449": {
   "value": "1574000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-5": {
   "value": "2900000000.0",
   "decimals": -8,
   "dimensions": {
    "concept": "mangroupplc:ReservesAvailableForDistribution",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-4": {
   "value": "2900000000.0",
   "decimals": -8,
   "dimensions": {
    "concept": "mangroupplc:ReservesAvailableForDistribution",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-452": {
   "value": "1. Basis of preparation<span class=\"ls0\"> </span>Accounting<span class=\"ls0\"> <span class=\"ls19e\">framework</span> </span>The audited consolidated financial<span class=\"_ _4\"></span> information has been prepared in accor<span class=\"_ _4\"></span>dance with International Financial <span class=\"_ _4\"></span>Reporting Standar<span class=\"ls17f\">ds (IFRSs) and </span>interpretations<span class=\"_ _0\"></span> (IFRICs) as ado<span class=\"_ _0\"></span>pted by the U<span class=\"_ _0\"></span><span class=\"ls197\">nited Kingdom.</span><span class=\"ls197\"> The consolidated <span class=\"_ _4\"></span>financial statements are <span class=\"_ _4\"></span>prepared on a going concern bas<span class=\"_ _4\"></span>is </span>using the historical<span class=\"_ _4\"></span> cost convention, except for <span class=\"_ _4\"></span>certain financial ins<span class=\"_ _4\"></span>truments that are measured at fai<span class=\"_ _4\"></span>r value and defined be<span class=\"ls197\">nefit<span class=\"_ _4\"></span> pension </span>plans. Our signifi<span class=\"_ _4\"></span>cant acc<span class=\"ls183\">ounting policies, which have <span class=\"_ _4\"></span>been consistently applied in the cur<span class=\"_ _4\"></span>rent and prior years, are i<span class=\"_ _4\"></span>ncluded in the relevant </span>notes, except for those<span class=\"_ _4\"></span> below which relate to the<span class=\"_ _4\"></span> consolidated financial <span class=\"_ _4\"></span>statements as a whole. <span class=\"ls0\"> </span>Man Group pl<span class=\"_ _4\"></span>c (the Company<span class=\"_ _4\"></span>) has taken<span class=\"_ _4\"></span> advan<span class=\"ls186\">tage of the exemption provided in Article 105 (11) of th<span class=\"_ _0\"></span>e Companies (Jersey) La<span class=\"_ _0\"></span>w 1991 and </span>therefore does not present its individu<span class=\"_ _0\"></span>al financial statements and related<span class=\"_ _0\"></span> notes.<span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The consolidated group is the <span class=\"_ _4\"></span>Company and its subsidiaries (together <span class=\"_ _4\"></span>M<span class=\"ls18e\">an Group). The consolidated financial statements ar<span class=\"_ _4\"></span>e presented </span>in<span class=\"ls0\"> <span class=\"ls193\">United States dol<span class=\"_ _4\"></span>lars (USD), t<span class=\"_ _4\"></span>he Company\u2019s functi<span class=\"_ _4\"></span>onal currency,<span class=\"_ _4\"></span> as the majorit<span class=\"_ _4\"></span>y of our revenue<span class=\"_ _4\"></span>s, assets, l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>and fina<span class=\"ls197\">ncing are </span></span></span>denominated in USD.<span class=\"_ _1bd\"> </span>Monetary ass<span class=\"_ _4\"></span>ets and li<span class=\"_ _4\"></span>abilities<span class=\"_ _4\"></span> den<span class=\"ls183\">ominated in foreign currenci<span class=\"_ _4\"></span>es are translated at the spot <span class=\"_ _4\"></span>rate on each balance sheet date. Non<span class=\"ls0\">-<span class=\"ls19b\">monet<span class=\"_ _4\"></span>ary </span></span></span>items carried a<span class=\"_ _0\"></span>t fair value that ar<span class=\"_ _0\"></span>e denominat<span class=\"_ _0\"></span>ed in foreign cu<span class=\"_ _0\"></span>rrencies are tra<span class=\"_ _0\"></span>nslated at the r<span class=\"_ _0\"></span>ates prevailing<span class=\"_ _0\"></span> at the date wh<span class=\"_ _0\"></span>e<span class=\"ls197\">n the fair value </span>was determ<span class=\"ls185\">ined. Non<span class=\"ls0\">-<span class=\"ls19b\">monetary i<span class=\"_ _4\"></span>tems that<span class=\"_ _4\"></span> are measu<span class=\"_ _4\"></span>red at hi<span class=\"_ _4\"></span>storical<span class=\"_ _4\"></span> cost i<span class=\"_ _4\"></span>n a forei<span class=\"_ _4\"></span>gn curre<span class=\"_ _4\"></span>ncy are no<span class=\"_ _4\"></span>t retran<span class=\"_ _4\"></span>slated. <span class=\"_ _4\"></span>Transacti<span class=\"_ _4\"></span>ons </span></span></span>denominated in foreign currenci<span class=\"_ _4\"></span>es are converted at the spot rate <span class=\"_ _4\"></span>at the date of the transaction <span class=\"_ _4\"></span>or, if appropriate, the <span class=\"_ _4\"></span>avera<span class=\"ls184\">ge rate for <span class=\"_ _4\"></span><span class=\"ls186\">the </span></span>month in <span class=\"_ _4\"></span>which the<span class=\"_ _4\"></span> transact<span class=\"_ _4\"></span>ion occur<span class=\"_ _4\"></span>s. The r<span class=\"_ _4\"></span>esulting <span class=\"_ _4\"></span>exchange d<span class=\"_ _4\"></span>ifference<span class=\"_ _4\"></span>s are rec<span class=\"_ _4\"></span>ognised i<span class=\"_ _4\"></span>n the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>income statement<span class=\"ls0\">. </span></span></span>For consolidated entities<span class=\"_ _4\"></span> that have a functional currency <span class=\"_ _4\"></span>other than USD, the assets and li<span class=\"_ _4\"></span>abilities are translat<span class=\"_ _4\"></span>ed into USD <span class=\"ls18e\">at the spot rate on </span>the <span class=\"ls17f\">balance sheet date. Income and expenses ar<span class=\"_ _4\"></span>e translated at the average rate <span class=\"_ _4\"></span>for the period in which the <span class=\"_ _4\"></span>tran<span class=\"ls199\">sactions occur. The resulting </span></span>exchange differences between these rates ar<span class=\"_ _4\"></span>e recorded in other comprehensive income.<span class=\"ls0\"> </span>We apply ne<span class=\"_ _4\"></span>t investment<span class=\"_ _4\"></span> hedge accoun<span class=\"_ _4\"></span>ting to the<span class=\"_ _4\"></span> net assets<span class=\"_ _4\"></span> of materia<span class=\"_ _4\"></span>l subsidia<span class=\"_ _4\"></span>ries that <span class=\"_ _4\"></span>have a funct<span class=\"_ _4\"></span>ional curr<span class=\"_ _4\"></span>ency other <span class=\"_ _4\"></span>tha<span class=\"ls197\">n USD. Gains </span>or <span class=\"ls185\">losses on derivat<span class=\"_ _0\"></span>ives are recycle<span class=\"_ _0\"></span>d from the con<span class=\"_ _0\"></span>solidated inco<span class=\"_ _0\"></span>me stateme<span class=\"_ _0\"></span>nt through oth<span class=\"_ _0\"></span>er compreh<span class=\"_ _0\"></span>ensive incom<span class=\"_ _0\"></span>e in the foreign<span class=\"_ _0\"></span> c<span class=\"ls184\">urrency </span></span>translation reserve in equity to offset the im<span class=\"_ _0\"></span>pact of any currency translation<span class=\"_ _0\"></span> of the net assets of these subsidiaries. Th<span class=\"_ _0\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">accumulated gains </span></span>or losses are recycled to <span class=\"_ _4\"></span>the consolidated income statement on disposal<span class=\"_ _4\"></span> of the related subsidiary.<span class=\"_ _1bd\"> </span>The consolidated financial i<span class=\"_ _4\"></span>nformation contained within these financi<span class=\"_ _4\"></span>al statements incorporates our resul<span class=\"_ _4\"></span>ts, cash flows and f<span class=\"ls185\">inancial posi<span class=\"ls186\">tion </span></span>and includes our share of the resul<span class=\"_ _4\"></span>ts of any associates and joint vent<span class=\"_ _4\"></span>ures using the equity method of accounting. Subsidiari<span class=\"_ _4\"></span>e<span class=\"ls199\">s are entities we </span>control (including certain str<span class=\"_ _4\"></span>uctured entities, as defined by I<span class=\"_ _4\"></span>FRS 12 \u2018Disclosure of Interests i<span class=\"_ _4\"></span>n Other Enti<span class=\"ls186\">ties\u2019) and are consolidated from the </span>date on which control is <span class=\"_ _4\"></span>transferred to us until t<span class=\"_ _4\"></span>he date that control ceases. Control<span class=\"_ _4\"></span> exists when we have the power to di<span class=\"_ _4\"></span>rec<span class=\"ls186\">t the relevant </span>activities, exposure to si<span class=\"_ _4\"></span>gnificant variable returns and the abi<span class=\"_ _4\"></span>lity to utilise<span class=\"ls0\"> <span class=\"ls184\">power to affect<span class=\"_ _4\"></span> those returns.</span></span><span class=\"ls0\"><span class=\"ls184\"> All int<span class=\"_ _4\"></span>ercompany transactions and </span></span>balances are eliminated on consol<span class=\"_ _4\"></span>idation. Although the Employee Tr<span class=\"_ _4\"></span>ust has independent trustees and it<span class=\"_ _4\"></span>s assets are held separa<span class=\"ls186\">tely, it i<span class=\"_ _4\"></span>s </span>consolidated into the financial <span class=\"_ _4\"></span>statements given its <span class=\"ls197\">nature as a <span class=\"_ _4\"></span>structured entity which has <span class=\"_ _4\"></span>the obligation to deli<span class=\"_ _4\"></span>ver deferred compensation </span>awards to our employees.<span class=\"ls0\"> </span>Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span>Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span>consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span>liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span>identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span>of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span>acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span>recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span>Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span>Operating s<span class=\"ls17f\">egment<span class=\"ls0\">s </span></span>T<span class=\"ls1a0\">he Chief Operating Deci<span class=\"_ _4\"></span>sion Maker (CODM) has been identif<span class=\"_ _4\"></span>ied as the Man Group Board<span class=\"ls0\"> <span class=\"_ _4\"></span>(<span class=\"ls1a1\">the</span> <span class=\"ls1a2\">Board)</span> <span class=\"_ _4\"></span><span class=\"ls1a3\">as <span class=\"ls1a4\">Man Group\u2019s <span class=\"_ _4\"></span><span class=\"ls1a5\">key decision<span class=\"ls0\">-<span class=\"ls1a6\">making <span class=\"_ _4\"></span>body<span class=\"ls1a7\">. <span class=\"ls0\"> </span></span></span></span></span></span></span></span></span>Management in<span class=\"_ _4\"></span>formation reg<span class=\"_ _4\"></span>arding revenu<span class=\"_ _4\"></span>es, net manag<span class=\"_ _4\"></span>ement fee margi<span class=\"_ _4\"></span>ns and inve<span class=\"_ _4\"></span>stment performa<span class=\"_ _4\"></span>nce relevant<span class=\"_ _4\"></span> to the oper<span class=\"_ _4\"></span>ation of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the </span></span>investment m<span class=\"_ _0\"></span>anagers, pro<span class=\"_ _0\"></span>ducts and th<span class=\"_ _0\"></span>e investor base<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> by the Board<span class=\"_ _0\"></span><span class=\"ls190\">. A centralise<span class=\"_ _0\"></span>d shared infras<span class=\"_ _0\"></span>tructure for ope<span class=\"_ _0\"></span>rations, produ<span class=\"_ _0\"></span>ct </span>structuring, distribution and support functions for our investment management business means that operating costs are not all<span class=\"_ _4\"></span><span class=\"ls183\">ocated to <span class=\"ls185\">its </span></span>constituent parts. <span class=\"ls181\">As<span class=\"ls0\"> </span></span>a result, <span class=\"_ _4\"></span>performance is assessed<span class=\"ls190\">, resources are alloc<span class=\"_ _0\"></span>ated, and othe<span class=\"_ _0\"></span>r strategic and f<span class=\"_ _0\"></span>inancial mana<span class=\"_ _0\"></span>gement dec<span class=\"_ _0\"></span>isions are </span>determined by the Board<span class=\"ls190\">, considering<span class=\"ls0\"> <span class=\"ls183\">our investment management business as a whole. Accordingl<span class=\"_ _4\"></span>y, we operate and report the investment </span></span></span>management <span class=\"_ _4\"></span>business <span class=\"_ _4\"></span>as a sin<span class=\"_ _4\"></span>gle segm<span class=\"ls188\">ent<span class=\"ls0\">. R</span>elevant information r<span class=\"_ _4\"></span>egarding AUM<span class=\"ls0\">, <span class=\"ls186\">flows and net <span class=\"ls19b\">management fee ma<span class=\"_ _4\"></span>rgins al<span class=\"_ _4\"></span>low<span class=\"ls0\">s <span class=\"ls186\">for analysis </span></span></span></span></span></span>of the direct contributi<span class=\"_ _4\"></span>on of products and the respective i<span class=\"_ _4\"></span>nvestor base.<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls195 ws0 gs36\">Impact of new ac<span class=\"_ _0\"></span>counting stand<span class=\"_ _0\"></span>ards<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs37\">There were <span class=\"ls197\">no new or amendments to exi<span class=\"_ _4\"></span>sting accounting standards i<span class=\"_ _4\"></span>ssued by the International<span class=\"_ _4\"></span> Accounting Standards Board (IASB)<span class=\"_ _4\"></span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs38\">effective for the firs<span class=\"_ _4\"></span>t time in the year to 31 December 202<span class=\"ls0\">5 <span class=\"ls186\">that have had a significant impact on these <span class=\"ls18e\">consolidated</span></span> <span class=\"ls186\">financial state<span class=\"_ _0\"></span>ments.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs39\">In November 2<span class=\"_ _0\"></span>023, the IASB is<span class=\"_ _0\"></span>sued an expos<span class=\"_ _0\"></span>ure draft (ED) on<span class=\"_ _0\"></span> Financial Instru<span class=\"_ _0\"></span>ments with Ch<span class=\"_ _0\"></span>aracteristics of E<span class=\"_ _0\"></span>quity, which imp<span class=\"_ _0\"></span>ac<span class=\"ls0\">ts <span class=\"ls186\">the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs3a\">accounting for non<span class=\"ls0\">-</span>controlling interests over<span class=\"_ _4\"></span> which there is a put option. The ED r<span class=\"_ _4\"></span>equires non<span class=\"ls0\">-</span>controlling interests to be r<span class=\"ls188\">ecognised <span class=\"_ _4\"></span>and </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs3b\">measured b<span class=\"_ _4\"></span>ased on c<span class=\"_ _4\"></span>urrent ri<span class=\"_ _4\"></span>ghts asso<span class=\"_ _4\"></span>ciated wi<span class=\"_ _4\"></span>th an in<span class=\"_ _4\"></span>strument, <span class=\"_ _4\"></span>as well <span class=\"_ _4\"></span>as the r<span class=\"_ _4\"></span>ecognitio<span class=\"_ _4\"></span>n of a pu<span class=\"_ _4\"></span>t option <span class=\"_ _4\"></span>o<span class=\"ls18e\">ver<span class=\"ls0\"> </span>an entity\u2019s own shares at <span class=\"_ _4\"></span>the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs3c\">present value of <span class=\"ls186\">the </span>gross sett<span class=\"_ _4\"></span>lement value. While the proposal<span class=\"_ _4\"></span>s have not had a material <span class=\"_ _4\"></span>impact on the <span class=\"ls18e\">consolidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> <span class=\"ls186\">to </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs3d\">date<span class=\"ls190\">, the impact cou<span class=\"_ _0\"></span>ld become m<span class=\"_ _0\"></span>ore material in th<span class=\"_ _0\"></span>e future <span class=\"ls199\">should<span class=\"ls0\"> <span class=\"ls186\">the valu<span class=\"_ _0\"></span>e of</span> <span class=\"ls197\">non</span>-<span class=\"ls18e\">controlling interests <span class=\"ls185\">increase</span></span></span></span>. <span class=\"ls183\">The IASB continues to </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs3e\">deliberate the feedback to t<span class=\"_ _4\"></span>he ED before deciding on the futur<span class=\"_ _4\"></span>e project direction.<span class=\"ls0\"> <span class=\"ls19f\">We <span class=\"_ _4\"></span>have contin<span class=\"_ _4\"></span>ued to apply<span class=\"_ _4\"></span> the requi<span class=\"_ _4\"></span>rements of t<span class=\"_ _4\"></span>he ED in </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs3f\">t<span class=\"ls184\">he absence of alternative gui<span class=\"_ _4\"></span>dance. <span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs40\">IFRS 18 \u2018Presen<span class=\"_ _0\"></span>tation <span class=\"ls18e\">and Disclosures in<span class=\"ls0\"> F<span class=\"ls185\">inancial </span>S<span class=\"ls186\">ta<span class=\"_ _0\"></span>tements\u2019 was issued in 2024 an<span class=\"_ _0\"></span>d is effective for accounting periods<span class=\"_ _0\"></span> commencing on </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs41\">or<span class=\"ls0\"> <span class=\"ls18e\">after 1 Jan<span class=\"ls184\">uary 2027. </span></span>T<span class=\"ls184\">he appli<span class=\"_ _4\"></span>cation of<span class=\"ls0\"> <span class=\"ls198\">IFRS 18 <span class=\"ls17a\">will</span></span> </span>have an impact <span class=\"ls183\">on the consoli<span class=\"_ _4\"></span>dated financial statements<span class=\"ls0\"> <span class=\"ls186\">from a presentation and </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs42\">disclosure perspective.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls182 ws0 gs43\">No other standar<span class=\"_ _4\"></span>ds or <span class=\"ls185\">interpretations<span class=\"ls0\"> </span>issu<span class=\"_ _0\"></span>ed and not y<span class=\"_ _0\"></span>et effective are e<span class=\"_ _0\"></span>xpected to ha<span class=\"_ _0\"></span>ve a material im<span class=\"_ _0\"></span>pact on <span class=\"_ _0\"></span><span class=\"ls186\">the <span class=\"ls18e\">consolidated<span class=\"ls0\"> </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs44\">financial<span class=\"ls0\"> <span class=\"ls199\">statements.<span class=\"_ _1bd\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "Accounting<span class=\"ls0\"> <span class=\"ls19e\">framework</span> </span>The audited consolidated financial<span class=\"_ _4\"></span> information has been prepared in accor<span class=\"_ _4\"></span>dance with International Financial <span class=\"_ _4\"></span>Reporting Standar<span class=\"ls17f\">ds (IFRSs) and </span>interpretations<span class=\"_ _0\"></span> (IFRICs) as ado<span class=\"_ _0\"></span>pted by the U<span class=\"_ _0\"></span><span class=\"ls197\">nited Kingdom.</span><span class=\"ls197\"> The consolidated <span class=\"_ _4\"></span>financial statements are <span class=\"_ _4\"></span>prepared on a going concern bas<span class=\"_ _4\"></span>is </span>using the historical<span class=\"_ _4\"></span> cost convention, except for <span class=\"_ _4\"></span>certain financial ins<span class=\"_ _4\"></span>truments that are measured at fai<span class=\"_ _4\"></span>r value and defined be<span class=\"ls197\">nefit<span class=\"_ _4\"></span> pension </span>plans. Our signifi<span class=\"_ _4\"></span>cant acc<span class=\"ls183\">ounting policies, which have <span class=\"_ _4\"></span>been consistently applied in the cur<span class=\"_ _4\"></span>rent and prior years, are i<span class=\"_ _4\"></span>ncluded in the relevant </span>notes, except for those<span class=\"_ _4\"></span> below which relate to the<span class=\"_ _4\"></span> consolidated financial <span class=\"_ _4\"></span>statements as a whole. <span class=\"ls0\"> </span>Man Group pl<span class=\"_ _4\"></span>c (the Company<span class=\"_ _4\"></span>) has taken<span class=\"_ _4\"></span> advan<span class=\"ls186\">tage of the exemption provided in Article 105 (11) of th<span class=\"_ _0\"></span>e Companies (Jersey) La<span class=\"_ _0\"></span>w 1991 and </span>therefore does not present its individu<span class=\"_ _0\"></span>al financial statements and related<span class=\"_ _0\"></span> notes.<span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The consolidated group is the <span class=\"_ _4\"></span>Company and its subsidiaries (together <span class=\"_ _4\"></span>M<span class=\"ls18e\">an Group). The consolidated financial statements ar<span class=\"_ _4\"></span>e presented </span>in<span class=\"ls0\"> <span class=\"ls193\">United States dol<span class=\"_ _4\"></span>lars (USD), t<span class=\"_ _4\"></span>he Company\u2019s functi<span class=\"_ _4\"></span>onal currency,<span class=\"_ _4\"></span> as the majorit<span class=\"_ _4\"></span>y of our revenue<span class=\"_ _4\"></span>s, assets, l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>and fina<span class=\"ls197\">ncing are </span></span></span>denominated in USD.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span>Monetary ass<span class=\"_ _4\"></span>ets and li<span class=\"_ _4\"></span>abilities<span class=\"_ _4\"></span> den<span class=\"ls183\">ominated in foreign currenci<span class=\"_ _4\"></span>es are translated at the spot <span class=\"_ _4\"></span>rate on each balance sheet date. Non<span class=\"ls0\">-<span class=\"ls19b\">monet<span class=\"_ _4\"></span>ary </span></span></span>items carried a<span class=\"_ _0\"></span>t fair value that ar<span class=\"_ _0\"></span>e denominat<span class=\"_ _0\"></span>ed in foreign cu<span class=\"_ _0\"></span>rrencies are tra<span class=\"_ _0\"></span>nslated at the r<span class=\"_ _0\"></span>ates prevailing<span class=\"_ _0\"></span> at the date wh<span class=\"_ _0\"></span>e<span class=\"ls197\">n the fair value </span>was determ<span class=\"ls185\">ined. Non<span class=\"ls0\">-<span class=\"ls19b\">monetary i<span class=\"_ _4\"></span>tems that<span class=\"_ _4\"></span> are measu<span class=\"_ _4\"></span>red at hi<span class=\"_ _4\"></span>storical<span class=\"_ _4\"></span> cost i<span class=\"_ _4\"></span>n a forei<span class=\"_ _4\"></span>gn curre<span class=\"_ _4\"></span>ncy are no<span class=\"_ _4\"></span>t retran<span class=\"_ _4\"></span>slated. <span class=\"_ _4\"></span>Transacti<span class=\"_ _4\"></span>ons </span></span></span>denominated in foreign currenci<span class=\"_ _4\"></span>es are converted at the spot rate <span class=\"_ _4\"></span>at the date of the transaction <span class=\"_ _4\"></span>or, if appropriate, the <span class=\"_ _4\"></span>avera<span class=\"ls184\">ge rate for <span class=\"_ _4\"></span><span class=\"ls186\">the </span></span>month in <span class=\"_ _4\"></span>which the<span class=\"_ _4\"></span> transact<span class=\"_ _4\"></span>ion occur<span class=\"_ _4\"></span>s. The r<span class=\"_ _4\"></span>esulting <span class=\"_ _4\"></span>exchange d<span class=\"_ _4\"></span>ifference<span class=\"_ _4\"></span>s are rec<span class=\"_ _4\"></span>ognised i<span class=\"_ _4\"></span>n the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>income statement<span class=\"ls0\">. </span></span></span>For consolidated entities<span class=\"_ _4\"></span> that have a functional currency <span class=\"_ _4\"></span>other than USD, the assets and li<span class=\"_ _4\"></span>abilities are translat<span class=\"_ _4\"></span>ed into USD <span class=\"ls18e\">at the spot rate on </span>the <span class=\"ls17f\">balance sheet date. Income and expenses ar<span class=\"_ _4\"></span>e translated at the average rate <span class=\"_ _4\"></span>for the period in which the <span class=\"_ _4\"></span>tran<span class=\"ls199\">sactions occur. The resulting </span></span>exchange differences between these rates ar<span class=\"_ _4\"></span>e recorded in other comprehensive income.<span class=\"ls0\"> </span>We apply ne<span class=\"_ _4\"></span>t investment<span class=\"_ _4\"></span> hedge accoun<span class=\"_ _4\"></span>ting to the<span class=\"_ _4\"></span> net assets<span class=\"_ _4\"></span> of materia<span class=\"_ _4\"></span>l subsidia<span class=\"_ _4\"></span>ries that <span class=\"_ _4\"></span>have a funct<span class=\"_ _4\"></span>ional curr<span class=\"_ _4\"></span>ency other <span class=\"_ _4\"></span>tha<span class=\"ls197\">n USD. Gains </span>or <span class=\"ls185\">losses on derivat<span class=\"_ _0\"></span>ives are recycle<span class=\"_ _0\"></span>d from the con<span class=\"_ _0\"></span>solidated inco<span class=\"_ _0\"></span>me stateme<span class=\"_ _0\"></span>nt through oth<span class=\"_ _0\"></span>er compreh<span class=\"_ _0\"></span>ensive incom<span class=\"_ _0\"></span>e in the foreign<span class=\"_ _0\"></span> c<span class=\"ls184\">urrency </span></span>translation reserve in equity to offset the im<span class=\"_ _0\"></span>pact of any currency translation<span class=\"_ _0\"></span> of the net assets of these subsidiaries. Th<span class=\"_ _0\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">accumulated gains </span></span>or losses are recycled to <span class=\"_ _4\"></span>the consolidated income statement on disposal<span class=\"_ _4\"></span> of the related subsidiary.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span>The consolidated financial i<span class=\"_ _4\"></span>nformation contained within these financi<span class=\"_ _4\"></span>al statements incorporates our resul<span class=\"_ _4\"></span>ts, cash flows and f<span class=\"ls185\">inancial posi<span class=\"ls186\">tion </span></span>and includes our share of the resul<span class=\"_ _4\"></span>ts of any associates and joint vent<span class=\"_ _4\"></span>ures using the equity method of accounting. Subsidiari<span class=\"_ _4\"></span>e<span class=\"ls199\">s are entities we </span>control (including certain str<span class=\"_ _4\"></span>uctured entities, as defined by I<span class=\"_ _4\"></span>FRS 12 \u2018Disclosure of Interests i<span class=\"_ _4\"></span>n Other Enti<span class=\"ls186\">ties\u2019) and are consolidated from the </span>date on which control is <span class=\"_ _4\"></span>transferred to us until t<span class=\"_ _4\"></span>he date that control ceases. Control<span class=\"_ _4\"></span> exists when we have the power to di<span class=\"_ _4\"></span>rec<span class=\"ls186\">t the relevant </span>activities, exposure to si<span class=\"_ _4\"></span>gnificant variable returns and the abi<span class=\"_ _4\"></span>lity to utilise<span class=\"ls0\"> <span class=\"ls184\">power to affect<span class=\"_ _4\"></span> those returns.</span></span><span class=\"ls0\"><span class=\"ls184\"> All int<span class=\"_ _4\"></span>ercompany transactions and </span></span>balances are eliminated on consol<span class=\"_ _4\"></span>idation. Although the Employee Tr<span class=\"_ _4\"></span>ust has independent trustees and it<span class=\"_ _4\"></span>s assets are held separa<span class=\"ls186\">tely, it i<span class=\"_ _4\"></span>s </span>consolidated into the financial <span class=\"_ _4\"></span>statements given its <span class=\"ls197\">nature as a <span class=\"_ _4\"></span>structured entity which has <span class=\"_ _4\"></span>the obligation to deli<span class=\"_ _4\"></span>ver deferred compensation </span>awards to our employees.<span class=\"ls0\"> </span>Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span>Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span>consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span>liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span>identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span>of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span>acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span>recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span>Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span><span class=\"ls190\"> <span class=\"ls0\"> </span></span>Operating s<span class=\"ls17f\">egment<span class=\"ls0\">s </span></span>T<span class=\"ls1a0\">he Chief Operating Deci<span class=\"_ _4\"></span>sion Maker (CODM) has been identif<span class=\"_ _4\"></span>ied as the Man Group Board<span class=\"ls0\"> <span class=\"_ _4\"></span>(<span class=\"ls1a1\">the</span> <span class=\"ls1a2\">Board)</span> <span class=\"_ _4\"></span><span class=\"ls1a3\">as <span class=\"ls1a4\">Man Group\u2019s <span class=\"_ _4\"></span><span class=\"ls1a5\">key decision<span class=\"ls0\">-<span class=\"ls1a6\">making <span class=\"_ _4\"></span>body<span class=\"ls1a7\">. <span class=\"ls0\"> </span></span></span></span></span></span></span></span></span>Management in<span class=\"_ _4\"></span>formation reg<span class=\"_ _4\"></span>arding revenu<span class=\"_ _4\"></span>es, net manag<span class=\"_ _4\"></span>ement fee margi<span class=\"_ _4\"></span>ns and inve<span class=\"_ _4\"></span>stment performa<span class=\"_ _4\"></span>nce relevant<span class=\"_ _4\"></span> to the oper<span class=\"_ _4\"></span>ation of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the </span></span>investment m<span class=\"_ _0\"></span>anagers, pro<span class=\"_ _0\"></span>ducts and th<span class=\"_ _0\"></span>e investor base<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> by the Board<span class=\"_ _0\"></span><span class=\"ls190\">. A centralise<span class=\"_ _0\"></span>d shared infras<span class=\"_ _0\"></span>tructure for ope<span class=\"_ _0\"></span>rations, produ<span class=\"_ _0\"></span>ct </span>structuring, distribution and support functions for our investment management business means that operating costs are not all<span class=\"_ _4\"></span><span class=\"ls183\">ocated to <span class=\"ls185\">its </span></span>constituent parts. <span class=\"ls181\">As<span class=\"ls0\"> </span></span>a result, <span class=\"_ _4\"></span>performance is assessed<span class=\"ls190\">, resources are alloc<span class=\"_ _0\"></span>ated, and othe<span class=\"_ _0\"></span>r strategic and f<span class=\"_ _0\"></span>inancial mana<span class=\"_ _0\"></span>gement dec<span class=\"_ _0\"></span>isions are </span>determined by the Board<span class=\"ls190\">, considering<span class=\"ls0\"> <span class=\"ls183\">our investment management business as a whole. Accordingl<span class=\"_ _4\"></span>y, we operate and report the investment </span></span></span>management <span class=\"_ _4\"></span>business <span class=\"_ _4\"></span>as a sin<span class=\"_ _4\"></span>gle segm<span class=\"ls188\">ent<span class=\"ls0\">. R</span>elevant information r<span class=\"_ _4\"></span>egarding AUM<span class=\"ls0\">, <span class=\"ls186\">flows and net <span class=\"ls19b\">management fee ma<span class=\"_ _4\"></span>rgins al<span class=\"_ _4\"></span>low<span class=\"ls0\">s <span class=\"ls186\">for analysis </span></span></span></span></span></span>of the direct contributi<span class=\"_ _4\"></span>on of products and the respective i<span class=\"_ _4\"></span>nvestor base.<span class=\"ls0\"> </span>Impact of new ac<span class=\"_ _0\"></span>counting stand<span class=\"_ _0\"></span>ards<span class=\"ls0\"> </span>There were <span class=\"ls197\">no new or amendments to exi<span class=\"_ _4\"></span>sting accounting standards i<span class=\"_ _4\"></span>ssued by the International<span class=\"_ _4\"></span> Accounting Standards Board (IASB)<span class=\"_ _4\"></span> </span>effective for the firs<span class=\"_ _4\"></span>t time in the year to 31 December 202<span class=\"ls0\">5 <span class=\"ls186\">that have had a significant impact on these <span class=\"ls18e\">consolidated</span></span> <span class=\"ls186\">financial state<span class=\"_ _0\"></span>ments.</span> </span>In November 2<span class=\"_ _0\"></span>023, the IASB is<span class=\"_ _0\"></span>sued an expos<span class=\"_ _0\"></span>ure draft (ED) on<span class=\"_ _0\"></span> Financial Instru<span class=\"_ _0\"></span>ments with Ch<span class=\"_ _0\"></span>aracteristics of E<span class=\"_ _0\"></span>quity, which imp<span class=\"_ _0\"></span>ac<span class=\"ls0\">ts <span class=\"ls186\">the </span></span>accounting for non<span class=\"ls0\">-</span>controlling interests over<span class=\"_ _4\"></span> which there is a put option. The ED r<span class=\"_ _4\"></span>equires non<span class=\"ls0\">-</span>controlling interests to be r<span class=\"ls188\">ecognised <span class=\"_ _4\"></span>and </span>measured b<span class=\"_ _4\"></span>ased on c<span class=\"_ _4\"></span>urrent ri<span class=\"_ _4\"></span>ghts asso<span class=\"_ _4\"></span>ciated wi<span class=\"_ _4\"></span>th an in<span class=\"_ _4\"></span>strument, <span class=\"_ _4\"></span>as well <span class=\"_ _4\"></span>as the r<span class=\"_ _4\"></span>ecognitio<span class=\"_ _4\"></span>n of a pu<span class=\"_ _4\"></span>t option <span class=\"_ _4\"></span>o<span class=\"ls18e\">ver<span class=\"ls0\"> </span>an entity\u2019s own shares at <span class=\"_ _4\"></span>the </span>present value of <span class=\"ls186\">the </span>gross sett<span class=\"_ _4\"></span>lement value. While the proposal<span class=\"_ _4\"></span>s have not had a material <span class=\"_ _4\"></span>impact on the <span class=\"ls18e\">consolidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> <span class=\"ls186\">to </span></span></span>date<span class=\"ls190\">, the impact cou<span class=\"_ _0\"></span>ld become m<span class=\"_ _0\"></span>ore material in th<span class=\"_ _0\"></span>e future <span class=\"ls199\">should<span class=\"ls0\"> <span class=\"ls186\">the valu<span class=\"_ _0\"></span>e of</span> <span class=\"ls197\">non</span>-<span class=\"ls18e\">controlling interests <span class=\"ls185\">increase</span></span></span></span>. <span class=\"ls183\">The IASB continues to </span></span>deliberate the feedback to t<span class=\"_ _4\"></span>he ED before deciding on the futur<span class=\"_ _4\"></span>e project direction.<span class=\"ls0\"> <span class=\"ls19f\">We <span class=\"_ _4\"></span>have contin<span class=\"_ _4\"></span>ued to apply<span class=\"_ _4\"></span> the requi<span class=\"_ _4\"></span>rements of t<span class=\"_ _4\"></span>he ED in </span></span>t<span class=\"ls184\">he absence of alternative gui<span class=\"_ _4\"></span>dance. <span class=\"ls0\"> </span></span>IFRS 18 \u2018Presen<span class=\"_ _0\"></span>tation <span class=\"ls18e\">and Disclosures in<span class=\"ls0\"> F<span class=\"ls185\">inancial </span>S<span class=\"ls186\">ta<span class=\"_ _0\"></span>tements\u2019 was issued in 2024 an<span class=\"_ _0\"></span>d is effective for accounting periods<span class=\"_ _0\"></span> commencing on </span></span></span>or<span class=\"ls0\"> <span class=\"ls18e\">after 1 Jan<span class=\"ls184\">uary 2027. </span></span>T<span class=\"ls184\">he appli<span class=\"_ _4\"></span>cation of<span class=\"ls0\"> <span class=\"ls198\">IFRS 18 <span class=\"ls17a\">will</span></span> </span>have an impact <span class=\"ls183\">on the consoli<span class=\"_ _4\"></span>dated financial statements<span class=\"ls0\"> <span class=\"ls186\">from a presentation and </span></span></span></span></span>disclosure perspective.<span class=\"ls0\"> </span>No other standar<span class=\"_ _4\"></span>ds or <span class=\"ls185\">interpretations<span class=\"ls0\"> </span>issu<span class=\"_ _0\"></span>ed and not y<span class=\"_ _0\"></span>et effective are e<span class=\"_ _0\"></span>xpected to ha<span class=\"_ _0\"></span>ve a material im<span class=\"_ _0\"></span>pact on <span class=\"_ _0\"></span><span class=\"ls186\">the <span class=\"ls18e\">consolidated<span class=\"ls0\"> </span></span></span></span>financial<span class=\"ls0\"> <span class=\"ls199\">statements.<span class=\"_ _1bd\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "Accounting<span class=\"ls0\"> <span class=\"ls19e\">framework</span> </span>The audited consolidated financial<span class=\"_ _4\"></span> information has been prepared in accor<span class=\"_ _4\"></span>dance with International Financial <span class=\"_ _4\"></span>Reporting Standar<span class=\"ls17f\">ds (IFRSs) and </span>interpretations<span class=\"_ _0\"></span> (IFRICs) as ado<span class=\"_ _0\"></span>pted by the U<span class=\"_ _0\"></span><span class=\"ls197\">nited Kingdom.</span><span class=\"ls197\"> The consolidated <span class=\"_ _4\"></span>financial statements are <span class=\"_ _4\"></span>prepared on a going concern bas<span class=\"_ _4\"></span>is </span>using the historical<span class=\"_ _4\"></span> cost convention, except for <span class=\"_ _4\"></span>certain financial ins<span class=\"_ _4\"></span>truments that are measured at fai<span class=\"_ _4\"></span>r value and defined be<span class=\"ls197\">nefit<span class=\"_ _4\"></span> pension </span>plans. Our signifi<span class=\"_ _4\"></span>cant acc<span class=\"ls183\">ounting policies, which have <span class=\"_ _4\"></span>been consistently applied in the cur<span class=\"_ _4\"></span>rent and prior years, are i<span class=\"_ _4\"></span>ncluded in the relevant </span>notes, except for those<span class=\"_ _4\"></span> below which relate to the<span class=\"_ _4\"></span> consolidated financial <span class=\"_ _4\"></span>statements as a whole. <span class=\"ls0\"> </span>Man Group pl<span class=\"_ _4\"></span>c (the Company<span class=\"_ _4\"></span>) has taken<span class=\"_ _4\"></span> advan<span class=\"ls186\">tage of the exemption provided in Article 105 (11) of th<span class=\"_ _0\"></span>e Companies (Jersey) La<span class=\"_ _0\"></span>w 1991 and </span>therefore does not present its individu<span class=\"_ _0\"></span>al financial statements and related<span class=\"_ _0\"></span> notes.<span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The consolidated group is the <span class=\"_ _4\"></span>Company and its subsidiaries (together <span class=\"_ _4\"></span>M<span class=\"ls18e\">an Group). The consolidated financial statements ar<span class=\"_ _4\"></span>e presented </span>in<span class=\"ls0\"> <span class=\"ls193\">United States dol<span class=\"_ _4\"></span>lars (USD), t<span class=\"_ _4\"></span>he Company\u2019s functi<span class=\"_ _4\"></span>onal currency,<span class=\"_ _4\"></span> as the majorit<span class=\"_ _4\"></span>y of our revenue<span class=\"_ _4\"></span>s, assets, l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>and fina<span class=\"ls197\">ncing are </span></span></span>denominated in USD.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span>Monetary ass<span class=\"_ _4\"></span>ets and li<span class=\"_ _4\"></span>abilities<span class=\"_ _4\"></span> den<span class=\"ls183\">ominated in foreign currenci<span class=\"_ _4\"></span>es are translated at the spot <span class=\"_ _4\"></span>rate on each balance sheet date. Non<span class=\"ls0\">-<span class=\"ls19b\">monet<span class=\"_ _4\"></span>ary </span></span></span>items carried a<span class=\"_ _0\"></span>t fair value that ar<span class=\"_ _0\"></span>e denominat<span class=\"_ _0\"></span>ed in foreign cu<span class=\"_ _0\"></span>rrencies are tra<span class=\"_ _0\"></span>nslated at the r<span class=\"_ _0\"></span>ates prevailing<span class=\"_ _0\"></span> at the date wh<span class=\"_ _0\"></span>e<span class=\"ls197\">n the fair value </span>was determ<span class=\"ls185\">ined. Non<span class=\"ls0\">-<span class=\"ls19b\">monetary i<span class=\"_ _4\"></span>tems that<span class=\"_ _4\"></span> are measu<span class=\"_ _4\"></span>red at hi<span class=\"_ _4\"></span>storical<span class=\"_ _4\"></span> cost i<span class=\"_ _4\"></span>n a forei<span class=\"_ _4\"></span>gn curre<span class=\"_ _4\"></span>ncy are no<span class=\"_ _4\"></span>t retran<span class=\"_ _4\"></span>slated. <span class=\"_ _4\"></span>Transacti<span class=\"_ _4\"></span>ons </span></span></span>denominated in foreign currenci<span class=\"_ _4\"></span>es are converted at the spot rate <span class=\"_ _4\"></span>at the date of the transaction <span class=\"_ _4\"></span>or, if appropriate, the <span class=\"_ _4\"></span>avera<span class=\"ls184\">ge rate for <span class=\"_ _4\"></span><span class=\"ls186\">the </span></span>month in <span class=\"_ _4\"></span>which the<span class=\"_ _4\"></span> transact<span class=\"_ _4\"></span>ion occur<span class=\"_ _4\"></span>s. The r<span class=\"_ _4\"></span>esulting <span class=\"_ _4\"></span>exchange d<span class=\"_ _4\"></span>ifference<span class=\"_ _4\"></span>s are rec<span class=\"_ _4\"></span>ognised i<span class=\"_ _4\"></span>n the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>income statement<span class=\"ls0\">. </span></span></span>For consolidated entities<span class=\"_ _4\"></span> that have a functional currency <span class=\"_ _4\"></span>other than USD, the assets and li<span class=\"_ _4\"></span>abilities are translat<span class=\"_ _4\"></span>ed into USD <span class=\"ls18e\">at the spot rate on </span>the <span class=\"ls17f\">balance sheet date. Income and expenses ar<span class=\"_ _4\"></span>e translated at the average rate <span class=\"_ _4\"></span>for the period in which the <span class=\"_ _4\"></span>tran<span class=\"ls199\">sactions occur. The resulting </span></span>exchange differences between these rates ar<span class=\"_ _4\"></span>e recorded in other comprehensive income.<span class=\"ls0\"> </span>We apply ne<span class=\"_ _4\"></span>t investment<span class=\"_ _4\"></span> hedge accoun<span class=\"_ _4\"></span>ting to the<span class=\"_ _4\"></span> net assets<span class=\"_ _4\"></span> of materia<span class=\"_ _4\"></span>l subsidia<span class=\"_ _4\"></span>ries that <span class=\"_ _4\"></span>have a funct<span class=\"_ _4\"></span>ional curr<span class=\"_ _4\"></span>ency other <span class=\"_ _4\"></span>tha<span class=\"ls197\">n USD. Gains </span>or <span class=\"ls185\">losses on derivat<span class=\"_ _0\"></span>ives are recycle<span class=\"_ _0\"></span>d from the con<span class=\"_ _0\"></span>solidated inco<span class=\"_ _0\"></span>me stateme<span class=\"_ _0\"></span>nt through oth<span class=\"_ _0\"></span>er compreh<span class=\"_ _0\"></span>ensive incom<span class=\"_ _0\"></span>e in the foreign<span class=\"_ _0\"></span> c<span class=\"ls184\">urrency </span></span>translation reserve in equity to offset the im<span class=\"_ _0\"></span>pact of any currency translation<span class=\"_ _0\"></span> of the net assets of these subsidiaries. Th<span class=\"_ _0\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">accumulated gains </span></span>or losses are recycled to <span class=\"_ _4\"></span>the consolidated income statement on disposal<span class=\"_ _4\"></span> of the related subsidiary.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span>The consolidated financial i<span class=\"_ _4\"></span>nformation contained within these financi<span class=\"_ _4\"></span>al statements incorporates our resul<span class=\"_ _4\"></span>ts, cash flows and f<span class=\"ls185\">inancial posi<span class=\"ls186\">tion </span></span>and includes our share of the resul<span class=\"_ _4\"></span>ts of any associates and joint vent<span class=\"_ _4\"></span>ures using the equity method of accounting. Subsidiari<span class=\"_ _4\"></span>e<span class=\"ls199\">s are entities we </span>control (including certain str<span class=\"_ _4\"></span>uctured entities, as defined by I<span class=\"_ _4\"></span>FRS 12 \u2018Disclosure of Interests i<span class=\"_ _4\"></span>n Other Enti<span class=\"ls186\">ties\u2019) and are consolidated from the </span>date on which control is <span class=\"_ _4\"></span>transferred to us until t<span class=\"_ _4\"></span>he date that control ceases. Control<span class=\"_ _4\"></span> exists when we have the power to di<span class=\"_ _4\"></span>rec<span class=\"ls186\">t the relevant </span>activities, exposure to si<span class=\"_ _4\"></span>gnificant variable returns and the abi<span class=\"_ _4\"></span>lity to utilise<span class=\"ls0\"> <span class=\"ls184\">power to affect<span class=\"_ _4\"></span> those returns.</span></span><span class=\"ls0\"><span class=\"ls184\"> All int<span class=\"_ _4\"></span>ercompany transactions and </span></span>balances are eliminated on consol<span class=\"_ _4\"></span>idation. Although the Employee Tr<span class=\"_ _4\"></span>ust has independent trustees and it<span class=\"_ _4\"></span>s assets are held separa<span class=\"ls186\">tely, it i<span class=\"_ _4\"></span>s </span>consolidated into the financial <span class=\"_ _4\"></span>statements given its <span class=\"ls197\">nature as a <span class=\"_ _4\"></span>structured entity which has <span class=\"_ _4\"></span>the obligation to deli<span class=\"_ _4\"></span>ver deferred compensation </span>awards to our employees.<span class=\"ls0\"> </span>Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span>Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span>consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span>liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span>identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span>of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span>acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span>recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span>Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span><span class=\"ls190\"> <span class=\"ls0\"> </span></span>Operating s<span class=\"ls17f\">egment<span class=\"ls0\">s </span></span>T<span class=\"ls1a0\">he Chief Operating Deci<span class=\"_ _4\"></span>sion Maker (CODM) has been identif<span class=\"_ _4\"></span>ied as the Man Group Board<span class=\"ls0\"> <span class=\"_ _4\"></span>(<span class=\"ls1a1\">the</span> <span class=\"ls1a2\">Board)</span> <span class=\"_ _4\"></span><span class=\"ls1a3\">as <span class=\"ls1a4\">Man Group\u2019s <span class=\"_ _4\"></span><span class=\"ls1a5\">key decision<span class=\"ls0\">-<span class=\"ls1a6\">making <span class=\"_ _4\"></span>body<span class=\"ls1a7\">. <span class=\"ls0\"> </span></span></span></span></span></span></span></span></span>Management in<span class=\"_ _4\"></span>formation reg<span class=\"_ _4\"></span>arding revenu<span class=\"_ _4\"></span>es, net manag<span class=\"_ _4\"></span>ement fee margi<span class=\"_ _4\"></span>ns and inve<span class=\"_ _4\"></span>stment performa<span class=\"_ _4\"></span>nce relevant<span class=\"_ _4\"></span> to the oper<span class=\"_ _4\"></span>ation of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the </span></span>investment m<span class=\"_ _0\"></span>anagers, pro<span class=\"_ _0\"></span>ducts and th<span class=\"_ _0\"></span>e investor base<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> by the Board<span class=\"_ _0\"></span><span class=\"ls190\">. A centralise<span class=\"_ _0\"></span>d shared infras<span class=\"_ _0\"></span>tructure for ope<span class=\"_ _0\"></span>rations, produ<span class=\"_ _0\"></span>ct </span>structuring, distribution and support functions for our investment management business means that operating costs are not all<span class=\"_ _4\"></span><span class=\"ls183\">ocated to <span class=\"ls185\">its </span></span>constituent parts. <span class=\"ls181\">As<span class=\"ls0\"> </span></span>a result, <span class=\"_ _4\"></span>performance is assessed<span class=\"ls190\">, resources are alloc<span class=\"_ _0\"></span>ated, and othe<span class=\"_ _0\"></span>r strategic and f<span class=\"_ _0\"></span>inancial mana<span class=\"_ _0\"></span>gement dec<span class=\"_ _0\"></span>isions are </span>determined by the Board<span class=\"ls190\">, considering<span class=\"ls0\"> <span class=\"ls183\">our investment management business as a whole. Accordingl<span class=\"_ _4\"></span>y, we operate and report the investment </span></span></span>management <span class=\"_ _4\"></span>business <span class=\"_ _4\"></span>as a sin<span class=\"_ _4\"></span>gle segm<span class=\"ls188\">ent<span class=\"ls0\">. R</span>elevant information r<span class=\"_ _4\"></span>egarding AUM<span class=\"ls0\">, <span class=\"ls186\">flows and net <span class=\"ls19b\">management fee ma<span class=\"_ _4\"></span>rgins al<span class=\"_ _4\"></span>low<span class=\"ls0\">s <span class=\"ls186\">for analysis </span></span></span></span></span></span>of the direct contributi<span class=\"_ _4\"></span>on of products and the respective i<span class=\"_ _4\"></span>nvestor base.<span class=\"ls0\"> </span>Impact of new ac<span class=\"_ _0\"></span>counting stand<span class=\"_ _0\"></span>ards<span class=\"ls0\"> </span>There were <span class=\"ls197\">no new or amendments to exi<span class=\"_ _4\"></span>sting accounting standards i<span class=\"_ _4\"></span>ssued by the International<span class=\"_ _4\"></span> Accounting Standards Board (IASB)<span class=\"_ _4\"></span> </span>effective for the firs<span class=\"_ _4\"></span>t time in the year to 31 December 202<span class=\"ls0\">5 <span class=\"ls186\">that have had a significant impact on these <span class=\"ls18e\">consolidated</span></span> <span class=\"ls186\">financial state<span class=\"_ _0\"></span>ments.</span> </span>In November 2<span class=\"_ _0\"></span>023, the IASB is<span class=\"_ _0\"></span>sued an expos<span class=\"_ _0\"></span>ure draft (ED) on<span class=\"_ _0\"></span> Financial Instru<span class=\"_ _0\"></span>ments with Ch<span class=\"_ _0\"></span>aracteristics of E<span class=\"_ _0\"></span>quity, which imp<span class=\"_ _0\"></span>ac<span class=\"ls0\">ts <span class=\"ls186\">the </span></span>accounting for non<span class=\"ls0\">-</span>controlling interests over<span class=\"_ _4\"></span> which there is a put option. The ED r<span class=\"_ _4\"></span>equires non<span class=\"ls0\">-</span>controlling interests to be r<span class=\"ls188\">ecognised <span class=\"_ _4\"></span>and </span>measured b<span class=\"_ _4\"></span>ased on c<span class=\"_ _4\"></span>urrent ri<span class=\"_ _4\"></span>ghts asso<span class=\"_ _4\"></span>ciated wi<span class=\"_ _4\"></span>th an in<span class=\"_ _4\"></span>strument, <span class=\"_ _4\"></span>as well <span class=\"_ _4\"></span>as the r<span class=\"_ _4\"></span>ecognitio<span class=\"_ _4\"></span>n of a pu<span class=\"_ _4\"></span>t option <span class=\"_ _4\"></span>o<span class=\"ls18e\">ver<span class=\"ls0\"> </span>an entity\u2019s own shares at <span class=\"_ _4\"></span>the </span>present value of <span class=\"ls186\">the </span>gross sett<span class=\"_ _4\"></span>lement value. While the proposal<span class=\"_ _4\"></span>s have not had a material <span class=\"_ _4\"></span>impact on the <span class=\"ls18e\">consolidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> <span class=\"ls186\">to </span></span></span>date<span class=\"ls190\">, the impact cou<span class=\"_ _0\"></span>ld become m<span class=\"_ _0\"></span>ore material in th<span class=\"_ _0\"></span>e future <span class=\"ls199\">should<span class=\"ls0\"> <span class=\"ls186\">the valu<span class=\"_ _0\"></span>e of</span> <span class=\"ls197\">non</span>-<span class=\"ls18e\">controlling interests <span class=\"ls185\">increase</span></span></span></span>. <span class=\"ls183\">The IASB continues to </span></span>deliberate the feedback to t<span class=\"_ _4\"></span>he ED before deciding on the futur<span class=\"_ _4\"></span>e project direction.<span class=\"ls0\"> <span class=\"ls19f\">We <span class=\"_ _4\"></span>have contin<span class=\"_ _4\"></span>ued to apply<span class=\"_ _4\"></span> the requi<span class=\"_ _4\"></span>rements of t<span class=\"_ _4\"></span>he ED in </span></span>t<span class=\"ls184\">he absence of alternative gui<span class=\"_ _4\"></span>dance. <span class=\"ls0\"> </span></span>IFRS 18 \u2018Presen<span class=\"_ _0\"></span>tation <span class=\"ls18e\">and Disclosures in<span class=\"ls0\"> F<span class=\"ls185\">inancial </span>S<span class=\"ls186\">ta<span class=\"_ _0\"></span>tements\u2019 was issued in 2024 an<span class=\"_ _0\"></span>d is effective for accounting periods<span class=\"_ _0\"></span> commencing on </span></span></span>or<span class=\"ls0\"> <span class=\"ls18e\">after 1 Jan<span class=\"ls184\">uary 2027. </span></span>T<span class=\"ls184\">he appli<span class=\"_ _4\"></span>cation of<span class=\"ls0\"> <span class=\"ls198\">IFRS 18 <span class=\"ls17a\">will</span></span> </span>have an impact <span class=\"ls183\">on the consoli<span class=\"_ _4\"></span>dated financial statements<span class=\"ls0\"> <span class=\"ls186\">from a presentation and </span></span></span></span></span>disclosure perspective.<span class=\"ls0\"> </span>No other standar<span class=\"_ _4\"></span>ds or <span class=\"ls185\">interpretations<span class=\"ls0\"> </span>issu<span class=\"_ _0\"></span>ed and not y<span class=\"_ _0\"></span>et effective are e<span class=\"_ _0\"></span>xpected to ha<span class=\"_ _0\"></span>ve a material im<span class=\"_ _0\"></span>pact on <span class=\"_ _0\"></span><span class=\"ls186\">the <span class=\"ls18e\">consolidated<span class=\"ls0\"> </span></span></span></span>financial<span class=\"ls0\"> <span class=\"ls199\">statements.<span class=\"_ _1bd\"> </span></span></span><div class=\"c w26 ha7 gs78\"><div class=\"t m1 xc4 h9b y2035 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 xc4 h9b y2036 ff59 fs2e fcb sc0 ls18d ws0\">Fee income is our primary source <span class=\"_ _4\"></span>of revenue, which is derived f<span class=\"_ _4\"></span>rom the investment management agreements that we have in <span class=\"_ _4\"></span>place<span class=\"ls0\"> <span class=\"ls17a\">with </span></span></div><div class=\"t m1 xc4 h9b y2037 ff59 fs2e fcb sc0 ls186 ws0\">the fund entities or the accounts tha<span class=\"_ _0\"></span>t we manage. <span class=\"ls0\"> </span></div><div class=\"t m1 xc4 h9b y2038 ff59 fs2e fcb sc0 ls17a ws0\">Management and <span class=\"_ _4\"></span>other fees,<span class=\"_ _4\"></span> which<span class=\"ls0\"> <span class=\"ls185\">include all non</span>-<span class=\"ls184\">performance related fees, are recognised in the <span class=\"_ _4\"></span>period in which <span class=\"ls186\">the <span class=\"ls199\">services are </span></span></span></span></div><div class=\"t m1 xc4 h9b y2039 ff59 fs2e fcb sc0 ls184 ws0\">provided and do not include <span class=\"_ _4\"></span>any other performance obligations<span class=\"_ _4\"></span>. Fees are generally based on <span class=\"_ _4\"></span>an agreed percentage of NAV or AUM<span class=\"ls0\"> <span class=\"ls18e\">and </span></span></div><div class=\"t m1 xc4 h9b y203a ff59 fs2e fcb sc0 ls18e ws0\">are typically charged in arr<span class=\"ls188\">ear<span class=\"_ _4\"></span>s and receivable within one month.<span class=\"ls0\"> </span></span></div><div class=\"t m1 xc4 h9b y203b ff59 fs2e fcb sc0 ls17d ws0\">Performance fees rel<span class=\"_ _4\"></span>ate to the performance <span class=\"_ _4\"></span>of the funds or managed <span class=\"_ _4\"></span>accounts managed during the <span class=\"_ _4\"></span>year and are recognise<span class=\"_ _4\"></span>d <span class=\"ls18e\">as<span class=\"ls0\"> <span class=\"ls186\">the </span></span></span></div><div class=\"t m1 xc4 h9b y203c ff59 fs2e fcb sc0 ls184 ws0\">performance obligation <span class=\"ls185\">is satisfied<span class=\"ls190\">, whereby the fee<span class=\"_ _0\"></span> can be reliably e<span class=\"_ _0\"></span>stimated<span class=\"ls0\"> <span class=\"ls18e\">and it is hig</span></span></span></span>hly probable that a signif<span class=\"_ _4\"></span>icant reversal will <span class=\"_ _4\"></span>not </div><div class=\"t m1 xc4 h9b y203d ff59 fs2e fcb sc0 ls183 ws0\">occur<span class=\"ls190\">. This is generally<span class=\"_ _0\"></span> at the end of the<span class=\"_ _0\"></span> performanc<span class=\"_ _0\"></span>e period or upo<span class=\"_ _0\"></span>n early redemp<span class=\"_ _0\"></span>tion by an inv<span class=\"_ _0\"></span>estor<span class=\"ls0\"> <span class=\"ls17a\">when the fee has<span class=\"_ _4\"></span> crystalli<span class=\"_ _4\"></span>sed<span class=\"ls190\">. <span class=\"ls0\">U<span class=\"ls197\">ntil </span></span></span></span></span></span></div><div class=\"t m1 xc4 h9b y203e ff59 fs2e fcb sc0 ls186 ws0\">the performance period end<span class=\"_ _0\"></span>s, market movements co<span class=\"_ _0\"></span>uld significantly m<span class=\"ls183\">ove the NAV of the fund products and therefore the <span class=\"_ _4\"></span>value of any </span></div><div class=\"t m1 xc4 h9b y203f ff59 fs2e fcb sc0 ls184 ws0\">performance fees receivable. <span class=\"_ _4\"></span>For alternative strategi<span class=\"_ _4\"></span>es, we will typicall<span class=\"_ _4\"></span>y only earn performance fees on any<span class=\"_ _4\"></span> positive investm<span class=\"ls188\">ent returns </span></div><div class=\"t m1 xc4 h9b y2040 ff59 fs2e fcb sc0 ls185 ws0\">in excess of the<span class=\"_ _0\"></span> high<span class=\"ls0\">-<span class=\"ls17a\">water mark, meaning<span class=\"_ _4\"></span> we will no<span class=\"_ _4\"></span>t b<span class=\"ls188\">e able to earn performance f<span class=\"_ _4\"></span>ees with respect to positive i<span class=\"_ _4\"></span>nvestment </span></span></span></div><div class=\"t m1 xc4 h9b y2041 ff59 fs2e fcb sc0 ls184 ws0\">performance in any year fol<span class=\"_ _4\"></span>lowing negative performance until<span class=\"_ _4\"></span> that loss is recouped. <span class=\"_ _4\"></span>For long<span class=\"ls0\">-<span class=\"ls183\">only strategies, perfor<span class=\"_ _4\"></span>mance fees are </span></span></div><div class=\"t m1 xc4 h9b y2042 ff59 fs2e fcb sc0 ls184 ws0\">usually earned only when perf<span class=\"_ _4\"></span>ormance is in excess of a pr<span class=\"_ _4\"></span><span class=\"ls188\">edetermined strategy benchmark (positive alpha)<span class=\"_ _4\"></span>. <span class=\"ls19f\">Where perfo<span class=\"_ _4\"></span>rmance fees <span class=\"_ _4\"></span>are </span></span></div><div class=\"t m1 xc4 h9b y2043 ff59 fs2e fcb sc0 ls188 ws0\">earned over a longer timeframe, usual<span class=\"_ _4\"></span>ly in <span class=\"ls18c\">relation to<span class=\"ls0\"> <span class=\"ls184\">private markets funds, revenue may <span class=\"_ _4\"></span>be recognised before the contractual<span class=\"_ _4\"></span> </span></span></span></div><div class=\"t m1 xc4 h9b y2044 ff59 fs2e fcb sc0 ls18e ws0\">crystallisation date. <span class=\"ls198\">In this case, c<span class=\"ls183\">onstraints are a<span class=\"ls184\">pplied <span class=\"_ _4\"></span>to the performance fee accrued in <span class=\"_ _4\"></span>the <span class=\"ls18c\">relevant <span class=\"ls186\">fund to reflect the uncertainty </span></span></span></span></span></div><div class=\"t m1 xc4 h9b y2045 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls184\">performance </span></span>over<span class=\"ls0\"> <span class=\"ls186\">the remaining period to crystallisation. <span class=\"ls18b\">Once crystallised, perf<span class=\"_ _4\"></span>ormance fees typical<span class=\"_ _4\"></span>ly cannot be clawed <span class=\"_ _4\"></span>back.<span class=\"ls0\"> </span></span></span></span></div><div class=\"t m1 xc4 h9b y2046 ff59 fs2e fcb sc0 ls18f ws0\">Rebates, which rel<span class=\"_ _4\"></span>ate to repayments of <span class=\"_ _4\"></span>m<span class=\"ls18e\">anagement and performance fees charged, typically to instit<span class=\"_ _4\"></span>utional investors, are recognised </span></div><div class=\"t m1 xc4 h9b y2047 ff59 fs2e fcb sc0 ls185 ws0\">in<span class=\"ls0\"> <span class=\"ls186\">the same period as the as<span class=\"_ _0\"></span>sociated fees. <span class=\"ls181\">As r<span class=\"ls188\">ebates <span class=\"ls18e\">constitute</span></span></span></span> <span class=\"ls18e\">a reduction in the fees char<span class=\"_ _4\"></span>ged for services provided, they are </span></span></div><div class=\"t m1 xc4 h9b y2048 ff59 fs2e fcb sc0 ls184 ws0\">presented net within management an<span class=\"ls17f\">d <span class=\"_ _4\"></span>other fees and performance fees in the <span class=\"_ _4\"></span><span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span>. </span></span></div></div><div class=\"c w27 ha8 gs7a\"><div class=\"t m1 x1c8 h9b y204c ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y204d ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>re classified at fair<span class=\"_ _0\"></span> value through p<span class=\"_ _0\"></span>rofit or loss, with ne<span class=\"_ _0\"></span>t gains due to m<span class=\"_ _0\"></span>ovements in f<span class=\"_ _0\"></span>air val<span class=\"ls184\">ue recognised </span></div><div class=\"t m1 x1c8 h9b y204e ff59 fs2e fcb sc0 ls186 ws0\">through net income or gains on<span class=\"_ _0\"></span> investments and other financ<span class=\"_ _0\"></span>ial instruments. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y204f ff59 fs2e fcb sc0 ls183 ws0\">The fair values of investments <span class=\"_ _4\"></span>in fund p<span class=\"ls18c\">roducts other than CLOs are typica<span class=\"_ _0\"></span>lly derived from their reported NAV<span class=\"_ _0\"></span>s, which in turn are based </span></div><div class=\"t m1 x1c8 h9b y2050 ff59 fs2e fcb sc0 ls183 ws0\">on the<span class=\"ls0\"> <span class=\"ls18e\">value of the underlying assets. <span class=\"_ _4\"></span>The valuation of the underlying assets wit<span class=\"_ _4\"></span>hin each fund product is determined by external </span></span></div><div class=\"t m1 x1c8 h9b y2051 ff59 fs2e fcb sc0 ls18e ws0\">valuation service providers bas<span class=\"ls188\">ed on <span class=\"_ _4\"></span>an agreed valuation policy and methodology. Whil<span class=\"_ _4\"></span>e these valuations are performed independently </span></div><div class=\"t m1 x1c8 h9b y2052 ff59 fs2e fcb sc0 ls183 ws0\">of Man Group, we have established over<span class=\"_ _4\"></span>sight procedures and due diligence proces<span class=\"_ _4\"></span>ses to ensure that the NAVs reported by <span class=\"_ _4\"></span>the ex<span class=\"ls186\">ternal </span></div><div class=\"t m1 x1c8 h9b y2053 ff59 fs2e fcb sc0 ls18e ws0\">valuation service provi<span class=\"ls17f\">ders are <span class=\"_ _4\"></span>reliable and appropriate. Pur<span class=\"_ _4\"></span>chases and sales of investments are r<span class=\"_ _4\"></span>ecognised on trade date.<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2054 ff59 fs2e fcb sc0 ls18b ws0\">Our holdings i<span class=\"_ _4\"></span>n unconsolidated CLO <span class=\"_ _4\"></span>risk retention <span class=\"_ _4\"></span>assets <span class=\"ls18e\">are<span class=\"ls0\"> <span class=\"ls184\">priced using a bott<span class=\"_ _4\"></span>om<span class=\"ls0\">-</span>up valuation method. We use third<span class=\"ls0\">-</span>party <span class=\"_ _4\"></span>valuations </span></span></span></div><div class=\"t m1 x1c8 h9b y2055 ff59 fs2e fcb sc0 ls186 ws0\">to price the securitie<span class=\"ls199\">s within the underlying portfolios and then apply the percentage of the CLO notes we hold to these valuations. <span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2056 ff59 fs2e fcd sc0 ls179 ws0\">Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2057 ff59 fs2e fcb sc0 ls19f ws0\">We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span></div><div class=\"t m1 x1c8 h9b y2058 ff59 fs2e fcb sc0 ls17f ws0\">developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span></div><div class=\"t m1 x1c8 h9b y2059 ff59 fs2e fcb sc0 ls18e ws0\">and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span></div><div class=\"t m1 x1c8 h9b y205a ff59 fs2e fcb sc0 ls188 ws0\">exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase </div><div class=\"t m1 x1c8 h9b y205b ff59 fs2e fcb sc0 ls186 ws0\">the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span></div><div class=\"t m1 x1c8 h9b y205c ff59 fs2e fcb sc0 ls19b ws0\">maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span></div><div class=\"t m1 x1c8 h9b y205d ff59 fs2e fcb sc0 ls18e ws0\">and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span></div><div class=\"t m1 x1c8 h9b y205e ff59 fs2e fcb sc0 ls185 ws0\">investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y205f ff59 fs2e fcb sc0 ls1ad ws0\">Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span></div><div class=\"t m1 x1c8 h9b y2060 ff59 fs2e fcb sc0 ls1a0 ws0\">notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span></div><div class=\"t m1 x1c8 h9b y2061 ff59 fs2e fcb sc0 ls1a3 ws0\">after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span></div><div class=\"t m1 x1c8 h9b y2062 ff59 fs2e fcb sc0 ls1b0 ws0\">ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span></div><div class=\"t m1 x1c8 h9b y2063 ff59 fs2e fcb sc0 ls1b1 ws0\">reporting period. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2064 ff59 fs2e fcd sc0 ls18a ws0\">Consolidation<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2065 ff59 fs2e fcb sc0 ls183 ws0\">The control considerations under <span class=\"_ _4\"></span>IFRS 10 \u2018Consolidated Financial Stat<span class=\"_ _4\"></span>ements\u2019 apply <span class=\"ls186\">to fund product investments, including th<span class=\"_ _0\"></span>ose </span></div><div class=\"t m1 x1c8 h9b y2066 ff59 fs2e fcb sc0 ls184 ws0\">underlying our repo and TRS i<span class=\"_ _4\"></span>nstruments. Fund entities deemed to <span class=\"_ _4\"></span>be controlled are consolidated <span class=\"_ _4\"></span>on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis from the d<span class=\"_ _0\"></span>ate </span></span></div><div class=\"t m1 x1c8 h9b y2067 ff59 fs2e fcb sc0 ls18e ws0\">control commences until it ceases. I<span class=\"_ _4\"></span>n the control assessment, we consider our<span class=\"ls0\"> <span class=\"ls188\">exposure to vari<span class=\"_ _4\"></span>able returns and the existence of </span></span></div><div class=\"t m1 x1c8 h9b y2068 ff59 fs2e fcb sc0 ls199 ws0\">substantive kick<span class=\"ls0\">-<span class=\"ls183\">out rights. Other factors<span class=\"_ _4\"></span> considered include the nature of <span class=\"_ _4\"></span>relevant fee arrangements, the decision<span class=\"ls0\">-<span class=\"ls19b\">mak<span class=\"_ _4\"></span>ing powers<span class=\"_ _4\"></span> we </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2069 ff59 fs2e fcb sc0 ls184 ws0\">hold as investment manager or a<span class=\"_ _4\"></span>dviser and whether the shares we hol<span class=\"_ _4\"></span>d inc<span class=\"ls185\">lude voting rights<span class=\"_ _0\"></span>. Where we <span class=\"ls17f\">do not<span class=\"ls0\"> <span class=\"ls18e\">control the fund, our </span></span></span></span></div><div class=\"t m1 x1c8 h9b y206a ff59 fs2e fcb sc0 ls185 ws0\">investment is<span class=\"_ _0\"></span> classified within<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span>s in fund prod<span class=\"_ _0\"></span>ucts. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y206b ff59 fs2e fcb sc0 ls19f ws0\">We only hav<span class=\"_ _4\"></span>e limited <span class=\"_ _4\"></span>exposure to <span class=\"_ _4\"></span>the variab<span class=\"_ _4\"></span>le returns<span class=\"_ _4\"></span> of the fun<span class=\"_ _4\"></span>d entities<span class=\"_ _4\"></span> we manage unl<span class=\"_ _4\"></span>ess we eith<span class=\"_ _4\"></span>er hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n t<span class=\"ls184\">he fund </span></div><div class=\"t m1 x1c8 h9b y206c ff59 fs2e fcb sc0 ls188 ws0\">en<span class=\"ls186\">tity or receive the returns of the fund entity<span class=\"_ _0\"></span> via a TRS or repo arrangeme<span class=\"_ _0\"></span>nt. For most fund entities: the existence<span class=\"_ _0\"></span> of indepe<span class=\"ls197\">ndent </span></span></div><div class=\"t m1 x1c8 h9b y206d ff59 fs2e fcb sc0 ls17f ws0\">boards of directors; ri<span class=\"_ _4\"></span>ghts which allow for the removal <span class=\"_ _4\"></span>of the investment manager or adviser; <span class=\"_ _4\"></span>the influence of external i<span class=\"_ _4\"></span>nves<span class=\"ls186\">tors; limited </span></div><div class=\"t m1 x1c8 h9b y206e ff59 fs2e fcb sc0 ls188 ws0\">exposure to variable returns; <span class=\"_ _4\"></span>and the arm\u2019s length nature of our <span class=\"_ _4\"></span>contracts with those fund entities, <span class=\"_ _4\"></span>indicate that we do not <span class=\"ls18e\">control them. </span></div><div class=\"t m1 x1c8 h9b y206f ff59 fs2e fcb sc0 ls181 ws0\">As a result, <span class=\"_ _4\"></span>the associated asset<span class=\"_ _4\"></span>s, liabiliti<span class=\"_ _4\"></span>es, and results <span class=\"_ _4\"></span>of these funds ar<span class=\"_ _4\"></span>e not consolidated <span class=\"_ _4\"></span>into t<span class=\"ls184\">he financial <span class=\"_ _4\"></span>statements. <span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2070 ff59 fs2e fcb sc0 ls183 ws0\">The assets held by the CLOs we consol<span class=\"_ _4\"></span>idate are priced using independent pr<span class=\"_ _4\"></span>icing sources. Other than subordinated <span class=\"_ _4\"></span>notes, the d<span class=\"ls188\">ebt </span></div><div class=\"t m1 x1c8 h9b y2071 ff59 fs2e fcb sc0 ls185 ws0\">liabilities of<span class=\"ls0\"> <span class=\"ls18e\">consolidated CLOs are valued at par plus accrued interest, <span class=\"_ _4\"></span>which is considered equival<span class=\"ls188\">ent to fair val<span class=\"_ _4\"></span>ue. The subordinated </span></span></span></div><div class=\"t m1 x1c8 h9b y2072 ff59 fs2e fcb sc0 ls197 ws0\">notes of these CLOs are pr<span class=\"_ _4\"></span>iced using an intrinsi<span class=\"_ _4\"></span>c valuation approach, exc<span class=\"_ _4\"></span>luding any potential futur<span class=\"_ _4\"></span>e value.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2073 ff59 fs2e fcb sc0 ls198 ws0\">Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span></div><div class=\"t m1 x1c8 h9b y2074 ff59 fs2e fcb sc0 ls18e ws0\">and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span></div><div class=\"t m1 x1c8 h9b y2075 ff59 fs2e fcb sc0 ls199 ws0\">straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span></div><div class=\"t m1 x1c8 h9b y2076 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interests in c<span class=\"_ _4\"></span>onsolidated fund entities ar<span class=\"_ _4\"></span>e measured at <span class=\"ls186\">fair value, typically derived from the reported NAV<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2077 ff59 fs2e fcd sc0 ls18d ws0\">Fund product investments held for <span class=\"_ _4\"></span>deferred compensation arrangements<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2078 ff59 fs2e fcb sc0 ls19f ws0\">We hold fun<span class=\"_ _4\"></span>d product i<span class=\"_ _4\"></span>nvestments re<span class=\"_ _4\"></span>lated to de<span class=\"_ _4\"></span>ferred compe<span class=\"_ _4\"></span>nsation arr<span class=\"_ _4\"></span>an<span class=\"ls184\">gements to offset any change in <span class=\"_ _4\"></span>the associated compensation </span></div><div class=\"t m1 x1c8 h9b y2079 ff59 fs2e fcb sc0 ls18e ws0\">cost over the vesting period. <span class=\"_ _4\"></span>At vesting, the value of the fund i<span class=\"_ _4\"></span>nvestment is delivered to the employee. These fund <span class=\"_ _4\"></span>product i<span class=\"ls197\">nvestments </span></div><div class=\"t m1 x1c8 h9b y207a ff59 fs2e fcb sc0 ls18e ws0\">are measured at fair value and incl<span class=\"_ _4\"></span>ude balances held by the <span class=\"ls197\">Employee Trust.<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y207b ff59 fs2e fcd sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y207c ff59 fs2e fcb sc0 ls18d ws0\">From time to time, Man Group warehouses <span class=\"_ _4\"></span>loans it underwrites and ori<span class=\"_ _4\"></span>ginates with the intention of<span class=\"_ _4\"></span> syndicating such loans foll<span class=\"ls183\">owing </span></div><div class=\"t m1 x1c8 h9b y207d ff59 fs2e fcb sc0 ls0 ws0\">a <span class=\"ls199\">short period of time. These investments in loans are included within investments in fu<span class=\"ls197\">nd product<span class=\"_ _4\"></span>s and other investments on the </span></span></div><div class=\"t m1 x1c8 h9b y207e ff59 fs2e fcb sc0 ls18e ws0\">consolidated balance sheet<span class=\"ls0\"> </span>and measured at fair val<span class=\"_ _4\"></span>ue through profit or loss<span class=\"ls0\">. </span></div><div class=\"t m1 x1c8 h9b y207f ff59 fs2e fcd sc0 ls189 ws0\">Hedge accounting<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2080 ff59 fs2e fcb sc0 ls19f ws0\">We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span></div><div class=\"t m1 x1c8 h9b y2081 ff59 fs2e fcb sc0 ls185 ws0\">losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span></div><div class=\"t m1 x1c8 h9b y2082 ff59 fs2e fcb sc0 ls18e ws0\">consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive </div><div class=\"t m1 x1c8 h9b y2083 ff59 fs2e fcb sc0 ls185 ws0\">in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span></div><div class=\"t m1 x1c8 h9b y2084 ff59 fs2e fcb sc0 ls185 ws0\">income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span></div></div><div class=\"c w26 hab gs97\"><div class=\"t m1 x1c8 h9b y20c6 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20c7 ff59 fs2e fcd sc0 ls180 ws0\">Distribution <span class=\"_ _4\"></span>costs <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20c8 ff59 fs2e fcb sc0 ls180 ws0\">Distribution <span class=\"_ _4\"></span>costs, which are <span class=\"_ _4\"></span>paid to external <span class=\"_ _4\"></span>intermediaries f<span class=\"_ _4\"></span>or marketing and i<span class=\"_ _4\"></span>nvestor servicing<span class=\"_ _4\"></span>, largely in <span class=\"_ _4\"></span>relation to re<span class=\"_ _4\"></span><span class=\"ls186\">tail investors, are </span></div><div class=\"t m1 x1c8 h9b y20c9 ff59 fs2e fcb sc0 ls186 ws0\">typically<span class=\"ls0\"> <span class=\"ls18e\">variable with AUM and the associated management fee revenue. Distr<span class=\"_ _4\"></span>ibution costs are expensed over the<span class=\"ls0\"> <span class=\"ls184\">period in <span class=\"_ _4\"></span>which the </span></span></span></span></div><div class=\"t m1 x1c8 h9b y20ca ff59 fs2e fcb sc0 ls199 ws0\">service <span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls184\">provided. </span> </span></span></div><div class=\"t m1 x1c8 h9b y20cb ff59 fs2e fcd sc0 ls181 ws0\">Asset servicing <span class=\"_ _4\"></span>costs<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20cc ff59 fs2e fcb sc0 ls181 ws0\">Asset servicing <span class=\"_ _4\"></span>includes custodial<span class=\"_ _4\"></span>, valuation, fun<span class=\"_ _4\"></span>d accounting, regis<span class=\"_ _4\"></span>trar, research an<span class=\"_ _4\"></span>d administration f<span class=\"_ _4\"></span>unctions performed by<span class=\"ls0\"> <span class=\"ls186\">third parties </span></span></div><div class=\"t m1 x1c8 h9b y20cd ff59 fs2e fcb sc0 ls183 ws0\">on behalf of the funds or <span class=\"_ _4\"></span>managed accounts,<span class=\"ls0\"> <span class=\"ls18e\">as <span class=\"ls17a\">well as mar<span class=\"_ _4\"></span>ket data ac<span class=\"_ _4\"></span>quired under <span class=\"_ _4\"></span>contract to<span class=\"_ _4\"></span> Man Group. As<span class=\"_ _4\"></span>set servici<span class=\"_ _4\"></span>ng costs ar<span class=\"_ _4\"></span>e </span></span></span></div><div class=\"t m1 x1c8 h9b y20ce ff59 fs2e fcb sc0 ls18c ws0\">recognised in the period in whic<span class=\"_ _0\"></span>h the services are provided. The co<span class=\"_ _0\"></span>sts of these services vary based o<span class=\"_ _0\"></span>n transaction volumes, t<span class=\"_ _0\"></span><span class=\"ls184\">he number </span></div><div class=\"t m1 x1c8 h9b y20cf ff59 fs2e fcb sc0 ls183 ws0\">of funds or managed accounts and thei<span class=\"ls18c\">r NAVs, and the mix of client strategies.<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y20d0 ff59 fs2e fcd sc0 ls18a ws0\">Compensation costs<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20d1 ff59 fs2e fcb sc0 ls179 ws0\">Salaries, varia<span class=\"_ _4\"></span>ble cash compensation and socia<span class=\"_ _4\"></span>l security costs are <span class=\"_ _4\"></span>charged to the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls185\">in the period in which </span></span></div><div class=\"t m1 x1c8 h9b y20d2 ff59 fs2e fcb sc0 ls186 ws0\">the service <span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls184\">provided and include partner drawings. <span class=\"_ _4\"></span>In the<span class=\"ls0\"> <span class=\"ls199\">short term, the variable component of compensation adjusts with revenues </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y20d3 ff59 fs2e fcb sc0 ls18e ws0\">and profitability.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20d4 ff59 fs2e fcb sc0 ls18a ws0\">Compensation can be d<span class=\"_ _4\"></span>eferred by way of eq<span class=\"_ _4\"></span>uity<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment schemes and fund product</span>-<span class=\"ls17f\">based compensation </span></span></div><div class=\"t m1 x1c8 h9b y20d5 ff59 fs2e fcb sc0 ls18e ws0\">arrangements. Where deferred compensation relates to <span class=\"_ _4\"></span>our fund products, the fair value of<span class=\"_ _4\"></span> the employee services received in exchange </div><div class=\"t m1 x1c8 h9b y20d6 ff59 fs2e fcb sc0 ls186 ws0\">for the fund investments is recogn<span class=\"_ _0\"></span>ised as a straight<span class=\"ls0\">-<span class=\"ls185\">line ex<span class=\"_ _0\"></span>pense of the m<span class=\"_ _0\"></span>ark</span>-</span>to<span class=\"ls0\">-<span class=\"ls19b\">market value of<span class=\"_ _4\"></span> the awar<span class=\"_ _4\"></span>ds over t<span class=\"_ _4\"></span>he releva<span class=\"_ _4\"></span>nt vesti<span class=\"_ _4\"></span>ng </span></span></div><div class=\"t m1 x1c8 h9b y20d7 ff59 fs2e fcb sc0 ls184 ws0\">period, with a correspondi<span class=\"_ _4\"></span>ng liabi<span class=\"ls185\">lity recognised in the<span class=\"_ _0\"></span> <span class=\"ls0\">c<span class=\"ls183\">onsolidated balance sheet<span class=\"ls190\">. We generally elect to<span class=\"_ _0\"></span> separately pu<span class=\"_ _0\"></span>rchase the </span></span></span></span></div><div class=\"t m1 x1c8 h9b y20d8 ff59 fs2e fcb sc0 ls188 ws0\">equivalent fund investments at grant <span class=\"_ _4\"></span>date to offset any associated change in <span class=\"_ _4\"></span>the value of deferred compensation due, and on <span class=\"_ _4\"></span>vesting </div><div class=\"t m1 x1c8 h9b y20d9 ff59 fs2e fcb sc0 ls186 ws0\">the value of the fund investme<span class=\"_ _0\"></span>nt is delivered to the employee (sub<span class=\"_ _0\"></span>ject to the terms of the plan rules, which<span class=\"_ _0\"></span> include malus provisions). </div><div class=\"t m1 x1c8 h9b y20da ff59 fs2e fcb sc0 ls198 ws0\">If<span class=\"ls0\"> a <span class=\"ls186\">fund product</span>-<span class=\"_ _0\"></span><span class=\"ls17f\">based award is forfeited, <span class=\"_ _4\"></span><span class=\"ls186\">the<span class=\"ls0\"> <span class=\"ls18e\">cumulative charge recognised in the co<span class=\"ls197\">nsolidated i<span class=\"_ _4\"></span>ncome statement<span class=\"ls0\"> <span class=\"ls185\">is reversed in full.<span class=\"_ _0\"></span></span> </span></span></span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y20db ff59 fs2e fcd sc0 ls18b ws0\">Other employ<span class=\"ls19b\">ment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span></span></div><div class=\"t m1 x1c8 h9b y20dc ff59 fs2e fcb sc0 ls18b ws0\">Other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses relate to amounts payab<span class=\"_ _0\"></span>le to sellers of businesses acquired <span class=\"_ _0\"></span><span class=\"ls185\">in exchange<span class=\"_ _0\"></span> for post</span></span>-<span class=\"ls18e\">acquisition </span></span></div><div class=\"t m1 x1c8 h9b y20dd ff59 fs2e fcb sc0 ls199 ws0\">services<span class=\"ls0\"> <span class=\"ls18e\">and are</span> <span class=\"ls18c\">recognised in profit and loss <span class=\"ls184\">up</span></span> <span class=\"ls186\">to the<span class=\"_ _0\"></span> vesting of the put options</span> <span class=\"ls183\">over the sellers\u2019 non</span>-c<span class=\"ls183\">ontrolling interests</span>.<span class=\"_ _1bd\"> </span></span><span class=\"ls0\">  </span></div></div><div class=\"c w26 hb0 gsc2\"><div class=\"t m1 x1c8 h9b y2131 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2132 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group\u2019s lease <span class=\"_ _4\"></span>arrangements primaril<span class=\"_ _4\"></span>y relate to bus<span class=\"_ _4\"></span>iness premises prop<span class=\"_ _4\"></span>erty leases. We act<span class=\"_ _4\"></span> as intermediate <span class=\"_ _4\"></span>lessor in respe<span class=\"_ _4\"></span>ct of<span class=\"ls0\"> <span class=\"ls18e\">certain </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2133 ff59 fs2e fcb sc0 ls18c ws0\">right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use (ROU) lease assets which are i<span class=\"_ _4\"></span>n turn sub<span class=\"ls0\">-<span class=\"ls185\">let to third parties. W<span class=\"_ _0\"></span>e assess w<span class=\"_ _0\"></span>hether a contra<span class=\"_ _0\"></span>ct is or contains<span class=\"_ _0\"></span> a</span> <span class=\"ls185\">lease a<span class=\"_ _0\"></span>t the </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2134 ff59 fs2e fcb sc0 ls185 ws0\">inception of the<span class=\"_ _0\"></span> contract. The le<span class=\"_ _0\"></span>ase term is de<span class=\"_ _0\"></span>termined as th<span class=\"_ _0\"></span>e non<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls18e\">cancellable period of a lease,<span class=\"_ _4\"></span> together with periods covered by an </span></span></div><div class=\"t m1 x1c8 h9b y2135 ff59 fs2e fcb sc0 ls183 ws0\">option to extend the lease i<span class=\"_ _4\"></span>f we consider that exercise of t<span class=\"_ _4\"></span>he extension option is reasonably cer<span class=\"_ _4\"></span>tain and pe<span class=\"ls18c\">riods covered by an option </span></div><div class=\"t m1 x1c8 h9b y2136 ff59 fs2e fcb sc0 ls186 ws0\">to<span class=\"ls0\"> </span>terminate the lease if the break<span class=\"_ _0\"></span> option is reasonably certain not to be e<span class=\"_ _0\"></span>xercised. Lease extension optio<span class=\"_ _0\"></span>ns and break clauses <span class=\"ls185\">inhe<span class=\"_ _0\"></span>rent </span></div><div class=\"t m1 x1c8 h9b y2137 ff59 fs2e fcb sc0 ls185 ws0\">in<span class=\"ls0\"> <span class=\"ls183\">our sub</span>-</span>leases do n<span class=\"_ _0\"></span>ot have a sign<span class=\"_ _0\"></span>ificant impact. <span class=\"_ _0\"></span><span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2138 ff59 fs2e fcd sc0 ls18d ws0\">Finance leases<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2139 ff59 fs2e fcb sc0 ls19f ws0\">Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span></div><div class=\"t m1 x1c8 h9b y213a ff59 fs2e fcb sc0 ls185 ws0\">lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head </div><div class=\"t m1 x1c8 h9b y213b ff59 fs2e fcb sc0 ls185 ws0\">lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span></div><div class=\"t m1 x1c8 h9b y213c ff59 fs2e fcb sc0 ls185 ws0\">investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span></div><div class=\"t m1 x1c8 h9b y213d ff59 fs2e fcb sc0 ls185 ws0\">lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span></div><div class=\"t m1 x1c8 h9b y213e ff59 fs2e fcb sc0 ls185 ws0\">lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span></div><div class=\"t m1 x1c8 h9b y213f ff59 fs2e fcb sc0 ls185 ws0\">lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2140 ff59 fs2e fcd sc0 ls18b ws0\">Operating leases<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2141 ff59 fs2e fcb sc0 ls179 ws0\">Sub<span class=\"ls0\">-<span class=\"ls185\">leases whic<span class=\"_ _0\"></span>h do not mee<span class=\"_ _0\"></span>t the definition o<span class=\"_ _0\"></span>f a finance leas<span class=\"_ _0\"></span>e are classified a<span class=\"_ _0\"></span>s operating lea<span class=\"_ _0\"></span>ses. Sub<span class=\"_ _0\"></span></span>-<span class=\"ls185\">lease renta<span class=\"_ _0\"></span>l income is reco<span class=\"_ _0\"></span>gnised </span></span></div><div class=\"t m1 x1c8 h9b y2142 ff59 fs2e fcb sc0 ls183 ws0\">on a strai<span class=\"ls184\">ght<span class=\"ls0\">-<span class=\"ls185\">line basis over the lea<span class=\"_ _0\"></span>se term in the c<span class=\"_ _0\"></span>onsolidated in<span class=\"_ _0\"></span>come statem<span class=\"_ _0\"></span>ent.</span> </span></span></div><div class=\"t m1 x1c8 h9b y2143 ff59 fs2e fcb sc0 ls181 ws0\">An impairment expense <span class=\"_ _4\"></span>is recognised for<span class=\"_ _4\"></span> the amount by which <span class=\"_ _4\"></span>the related ROU lea<span class=\"_ _4\"></span>se asset\u2019s carryi<span class=\"_ _4\"></span>ng value exceeds it<span class=\"_ _4\"></span>s recovera<span class=\"ls17f\">ble </span></div><div class=\"t m1 x1c8 h9b y2144 ff59 fs2e fcb sc0 ls18e ws0\">amount, being its value in use. For<span class=\"_ _4\"></span> the purposes of as<span class=\"ls199\">sessing impairment, investment property ROU lease assets are grouped at the </span></div><div class=\"t m1 x1c8 h9b y2145 ff59 fs2e fcb sc0 ls185 ws0\">lowest levels fo<span class=\"_ _0\"></span>r which there a<span class=\"_ _0\"></span>re separately id<span class=\"_ _0\"></span>entifiable cash<span class=\"_ _0\"></span> flows, being th<span class=\"_ _0\"></span>e individual su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> contract level.<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div></div><div class=\"c w27 hb1 gsd0\"><div class=\"t m1 x1c8 h9b y2168 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2169 ff59 fs2e fcb sc0 ls18d ws0\">For arrangements where we are the <span class=\"ls185\">lessee, a ROU lease asset a<span class=\"_ _0\"></span>nd a related lea<span class=\"_ _0\"></span>se liability are reco<span class=\"_ _0\"></span>gnised on th<span class=\"_ _0\"></span>e consolidated<span class=\"_ _0\"></span> balance </span></div><div class=\"t m1 x1c8 h9b y216a ff59 fs2e fcb sc0 ls199 ws0\">sheet at the date from which we have the right to use the asset, usually the lease commencement date. For short<span class=\"ls0\">-<span class=\"ls186\">term leases (defined </span></span></div><div class=\"t m1 x1c8 h9b y216b ff59 fs2e fcb sc0 ls18e ws0\">as leases with a term of<span class=\"ls0\"> <span class=\"ls183\">one year or <span class=\"_ _4\"></span>less) and leases of low<span class=\"ls0\">-<span class=\"ls18e\">value assets, <span class=\"_ _4\"></span>we recognise the lease payments on a straight<span class=\"ls0\">-<span class=\"ls1bb\">line basis over </span></span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y216c ff59 fs2e fcb sc0 ls186 ws0\">the lease term within other costs in the<span class=\"_ _0\"></span> consolidated income statem<span class=\"_ _0\"></span>ent. The exercise of break claus<span class=\"_ _0\"></span>es inherent in our leases <span class=\"ls18e\">are typically </span></div><div class=\"t m1 x1c8 h9b y216d ff59 fs2e fcb sc0 ls197 ws0\">not <span class=\"ls18c\">reflected in the lease term other than on<span class=\"_ _0\"></span> the occurrence of a significant e<span class=\"_ _0\"></span>vent or change in circumsta<span class=\"_ _0\"></span>nces.<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y216e ff59 fs2e fcb sc0 ls18f ws0\">ROU lease assets r<span class=\"_ _4\"></span>elating to the p<span class=\"_ _4\"></span>ortion of our lea<span class=\"_ _4\"></span>sed business premises <span class=\"_ _4\"></span>which we then sub<span class=\"ls0\">-<span class=\"ls185\">let under opera<span class=\"_ _0\"></span>ting leases are<span class=\"_ _0\"></span> classified </span></span></div><div class=\"t m1 x1c8 h9b y216f ff59 fs2e fcb sc0 ls18e ws0\">as<span class=\"ls0\"> <span class=\"ls185\">investment p<span class=\"_ _0\"></span><span class=\"ls18c\">roperty, with other ROU leas<span class=\"_ _0\"></span>e assets classified as leasehold prope<span class=\"_ _0\"></span>rty. Transfers from investmen<span class=\"_ _0\"></span>t property to leasehold </span></span></span></div><div class=\"t m1 x1c8 h9b y2170 ff59 fs2e fcb sc0 ls184 ws0\">property occur when we commence development of a <span class=\"_ _4\"></span>previously sub<span class=\"ls0\">-<span class=\"ls185\">let portion of our leased<span class=\"_ _0\"></span> business pr<span class=\"_ _0\"></span>emises with a<span class=\"_ _0\"></span> view to </span></span></div><div class=\"t m1 x1c8 h9b y2171 ff59 fs2e fcb sc0 ls183 ws0\">occupying that<span class=\"ls0\"> <span class=\"ls199\">space. Similarly, transfers from leasehold property to investment property occur when we cease to occupy a portion </span></span></div><div class=\"t m1 x1c8 h9b y2172 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls186\">the leased business premises<span class=\"_ _0\"></span> with the intention of sub</span>-<span class=\"ls185\">let<span class=\"_ _0\"></span>ting that space<span class=\"_ _0\"></span> under an op<span class=\"_ _0\"></span>erating lease. In<span class=\"_ _0\"></span>vestment pro<span class=\"_ _0\"></span>perty ROU lea<span class=\"_ _0\"></span>se </span></span></div><div class=\"t m1 x1c8 h9b y2173 ff59 fs2e fcb sc0 ls18e ws0\">assets are derecognised when the associated space <span class=\"_ _4\"></span>is sub<span class=\"ls0\">-<span class=\"ls185\">let under a fin<span class=\"_ _0\"></span>ance lease, w<span class=\"_ _0\"></span>ith a finance le<span class=\"_ _0\"></span>ase receivable<span class=\"_ _0\"></span> recognised in<span class=\"_ _0\"></span> the </span></span></div><div class=\"t m1 x1c8 h9b y2174 ff59 fs2e fcb sc0 ls18e ws0\">consolidated balance sheet on lease commencement.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2175 ff59 fs2e fcb sc0 ls181 ws0\">All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span></div><div class=\"t m1 x1c8 h9b y2176 ff59 fs2e fcb sc0 ls18a ws0\">Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span></div><div class=\"t m1 x1c8 h9b y2177 ff59 fs2e fcb sc0 ls18e ws0\">commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span></div><div class=\"t m1 x1c8 h9b y2178 ff59 fs2e fcb sc0 ls18e ws0\">costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a </div><div class=\"t m1 x1c8 h9b y2179 ff59 fs2e fcb sc0 ls199 ws0\">straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span></div><div class=\"t m1 x1c8 h9b y217a ff59 fs2e fcb sc0 ls199 ws0\">shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span></div><div class=\"t m1 x1c8 h9b y217b ff59 fs2e fcb sc0 ls183 ws0\">other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span></div><div class=\"t m1 x1c8 h9b y217c ff59 fs2e fcb sc0 ls17f ws0\">be recoverable.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y217d ff59 fs2e fcb sc0 ls181 ws0\">All lease li<span class=\"_ _4\"></span>abilities are <span class=\"_ _4\"></span>measured at the present<span class=\"_ _4\"></span> value of lease <span class=\"_ _4\"></span>payments due over the <span class=\"_ _4\"></span>lease term, discount<span class=\"_ _4\"></span>ed using our incr<span class=\"_ _4\"></span>e<span class=\"ls19b\">mental cos<span class=\"_ _4\"></span>t </span></div><div class=\"t m1 x1c8 h9b y217e ff59 fs2e fcb sc0 ls183 ws0\">of borrowing (bei<span class=\"ls197\">ng the rat<span class=\"_ _4\"></span>e we would have to pay to fi<span class=\"_ _4\"></span>nance a similar asset) <span class=\"_ _4\"></span>at the lease commencement date or <span class=\"_ _4\"></span>the modification date. </span></div><div class=\"t m1 x1c8 h9b y217f ff59 fs2e fcb sc0 ls183 ws0\">The lease liability i<span class=\"_ _4\"></span>s adjusted for lease payments and unwind <span class=\"_ _4\"></span>of lease liability discount <span class=\"_ _4\"></span>as well as the impact of any subseq<span class=\"ls184\">uent<span class=\"_ _4\"></span> lease </span></div><div class=\"t m1 x1c8 h9b y2180 ff59 fs2e fcb sc0 ls19b ws0\">mo<span class=\"ls17f\">difications. The unwind <span class=\"_ _4\"></span>of lease liability <span class=\"_ _4\"></span>discount is included withi<span class=\"_ _4\"></span>n finance expense.<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2181 ff59 fs2e fcb sc0 ls18a ws0\">Cash payments in r<span class=\"_ _4\"></span>elation to leases<span class=\"_ _4\"></span>, which reduce the <span class=\"_ _4\"></span>lease liabilit<span class=\"_ _4\"></span>y recognised on the <span class=\"_ _4\"></span>consolidated balance <span class=\"_ _4\"></span>sheet, are prese<span class=\"ls197\">nted as </span></div><div class=\"t m1 x1c8 h9b y2182 ff59 fs2e fcb sc0 ls184 ws0\">payment of lease interest <span class=\"_ _4\"></span>(within operating activi<span class=\"_ _4\"></span>ties) and repayments of pri<span class=\"_ _4\"></span>ncipal lease liabil<span class=\"_ _4\"></span>ity (within financing <span class=\"_ _4\"></span>activities) in the </div><div class=\"t m1 x1c8 h9b y2183 ff59 fs2e fcb sc0 ls18e ws0\">consolidated cash flow statement. Payments in <span class=\"_ _4\"></span>relation to short<span class=\"ls0\">-<span class=\"ls186\">term leases and leases of low</span>-</span>value assets are included within cash </div><div class=\"t m1 x1c8 h9b y2184 ff59 fs2e fcb sc0 ls186 ws0\">flows from operating a<span class=\"ls18e\">ctivities.</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></div><div class=\"c w27 hb2 gsdb\"><div class=\"t m1 x1c8 h9b y21ac ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y21ad ff59 fs2e fcd sc0 ls18b ws0\">Goodwill<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y21ae ff59 fs2e fcb sc0 ls18b ws0\">Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span></div><div class=\"t m1 x1c8 h9b y1f8a ff59 fs2e fcb sc0 ls186 ws0\">fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span></div><div class=\"t m1 x1c8 h9b y21af ff59 fs2e fcb sc0 ls199 ws0\">sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span></div><div class=\"t m1 x1c8 h9b y21b0 ff59 fs2e fcb sc0 ls18e ws0\">annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span></div><div class=\"t m1 x1c8 h9b y21b1 ff59 fs2e fcb sc0 ls18c ws0\">recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group </div><div class=\"t m1 x1c8 h9b y21b2 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y21b3 ff59 fs2e fcb sc0 ls18b ws0\">Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y21b4 ff59 fs2e fcb sc0 ls183 ws0\">of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span></div><div class=\"t m1 x1c8 h9b y21b5 ff59 fs2e fcb sc0 ls184 ws0\">goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y21b6 ff59 fs2e fcb sc0 ls183 ws0\">The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span></div><div class=\"t m1 x1c8 h9b y1fc1 ff59 fs2e fcb sc0 ls186 ws0\">from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span></div><div class=\"t m1 x1c8 h9b y1fc2 ff59 fs2e fcb sc0 ls18e ws0\">calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he </div><div class=\"t m1 x1c8 h9b y1fc3 ff59 fs2e fcb sc0 ls185 ws0\">long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span></div><div class=\"t m1 x1c8 h9b y21b7 ff59 fs2e fcb sc0 ls183 ws0\">The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span></div><div class=\"t m1 x1c8 h9b y21b8 ff59 fs2e fcb sc0 ls184 ws0\">have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span></div><div class=\"t m1 x1c8 h9b y21b9 ff59 fs2e fcb sc0 ls184 ws0\">performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span></div><div class=\"t m1 x1c8 h9b y21ba ff59 fs2e fcb sc0 ls17a ws0\">with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span></div><div class=\"t m1 x1c8 h9b y21bb ff59 fs2e fcb sc0 ls19b ws0\">manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span></div><div class=\"t m1 x1c8 h9b y21bc ff59 fs2e fcb sc0 ls183 ws0\">of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y21bd ff59 fs2e fcb sc0 ls19b ws0\">management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y21be ff59 fs2e fcb sc0 ls183 ws0\">The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span></div><div class=\"t m1 x1c8 h9b y21bf ff59 fs2e fcb sc0 ls18e ws0\">available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span></div><div class=\"t m1 x1c8 h9b y21c0 ff59 fs2e fcd sc0 ls181 ws0\">Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y21c1 ff59 fs2e fcb sc0 ls198 ws0\">Intangible asset<span class=\"_ _0\"></span>s acquired in a bu<span class=\"_ _0\"></span>siness combin<span class=\"_ _0\"></span>ation and reco<span class=\"_ _0\"></span>gnised separa<span class=\"_ _0\"></span>tely from goodw<span class=\"_ _0\"></span>ill are initially mea<span class=\"_ _0\"></span>sured at their <span class=\"ls186\">fair va<span class=\"_ _0\"></span>lue at </span></div><div class=\"t m1 x1c8 h9b y21c2 ff59 fs2e fcb sc0 ls186 ws0\">the acquisition date. Following initial recog<span class=\"_ _0\"></span>nition, acquired intangibles a<span class=\"ls18c\">re held at co<span class=\"_ _0\"></span>st less accumulated amortisa<span class=\"_ _0\"></span>tion and impairment. </span></div><div class=\"t m1 x1c8 h9b y21c3 ff59 fs2e fcb sc0 ls181 ws0\">Acquired intangib<span class=\"_ _4\"></span>les comprise invest<span class=\"_ _4\"></span>ment management agreements and <span class=\"_ _4\"></span>related client r<span class=\"_ _4\"></span>elationships (I<span class=\"_ _4\"></span>MAs), distributio<span class=\"_ _4\"></span>n channels<span class=\"ls0\"> <span class=\"ls18e\">and </span></span></div><div class=\"t m1 x1c8 h9b y21c4 ff59 fs2e fcb sc0 ls17f ws0\">brand names and are initial<span class=\"_ _4\"></span>ly recognised at fair value <span class=\"_ _4\"></span>based on <span class=\"ls186\">the present value of the expected future<span class=\"_ _0\"></span> cash flows and are amortised </span></div><div class=\"t m1 x1c8 h9b y21c5 ff59 fs2e fcb sc0 ls183 ws0\">on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over th<span class=\"_ _0\"></span>eir expected u<span class=\"_ _0\"></span>seful lives, whic<span class=\"_ _0\"></span>h are betwee<span class=\"_ _0\"></span>n seven and<span class=\"_ _0\"></span> 15 years (IMAs<span class=\"_ _0\"></span> and brands)<span class=\"_ _0\"></span>, and eight and<span class=\"_ _0\"></span> 12 years </span></span></div><div class=\"t m1 x1c8 h9b y21c6 ff59 fs2e fcb sc0 ls187 ws0\">(distribution channels). Acq<span class=\"_ _0\"></span>uired <span class=\"ls185\">intangible<span class=\"_ _0\"></span>s are reviewed<span class=\"_ _0\"></span> for impairme<span class=\"_ _0\"></span>nt whenever<span class=\"_ _0\"></span> events or chan<span class=\"_ _0\"></span>ges in circum<span class=\"_ _0\"></span>stances ind<span class=\"_ _0\"></span>icate that </span></div><div class=\"t m1 x1c8 h9b y21c7 ff59 fs2e fcb sc0 ls186 ws0\">the<span class=\"ls0\"> <span class=\"ls18e\">carrying amount may not be recoverable. Disposals of <span class=\"_ _4\"></span>acquired intangibles are recognised in t<span class=\"_ _4\"></span>he year the related cash inflows<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y21c8 ff59 fs2e fcb sc0 ls18e ws0\">are<span class=\"ls0\"> <span class=\"ls186\">transferred.</span> </span></div></div><div class=\"c w26 hb5 gs114\"><div class=\"t m1 x1c8 h9b y20d5 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20d6 ff59 fs2e fcb sc0 ls181 ws0\">Associates are en<span class=\"_ _4\"></span>tities in which <span class=\"_ _4\"></span>Man Group holds an i<span class=\"_ _4\"></span>nterest and over whi<span class=\"_ _4\"></span>ch we have <span class=\"ls199\">significant influence but not control. I<span class=\"_ _4\"></span>n assessing </span></div><div class=\"t m1 x1c8 h9b y20d7 ff59 fs2e fcb sc0 ls199 ws0\">significant influence, we consider our power to participate in the financial and operating poli<span class=\"_ _4\"></span>cy decisions of the investee t<span class=\"ls184\">hrough i<span class=\"_ _4\"></span>ts </span></div><div class=\"t m1 x1c8 h9b y20d8 ff59 fs2e fcb sc0 ls18e ws0\">voting or<span class=\"ls0\"> <span class=\"ls183\">other rights.</span> </span></div><div class=\"t m1 x1c8 h9b y2220 ff59 fs2e fcb sc0 ls181 ws0\">Associates are ac<span class=\"_ _4\"></span>counted for using t<span class=\"_ _4\"></span>he <span class=\"ls188\">equity method. Under the equity method, <span class=\"_ _4\"></span>associates are carried at cost <span class=\"_ _4\"></span>plus our share of </span></div><div class=\"t m1 x1c8 h9b y2221 ff59 fs2e fcb sc0 ls18e ws0\">cumulative post<span class=\"ls0\">-</span>acquisition movements in undistributed prof<span class=\"_ _4\"></span>its/losses. Gains and losses on <span class=\"_ _4\"></span>transactions between Man Group and our </div><div class=\"t m1 x1c8 h9b y20db ff59 fs2e fcb sc0 ls18e ws0\">associates are eliminated to t<span class=\"_ _4\"></span>he exte<span class=\"ls197\">nt of our interests i<span class=\"_ _4\"></span>n these entities. An i<span class=\"_ _4\"></span>mpairment assessment of the carry<span class=\"_ _4\"></span>ing value of associates </span></div><div class=\"t m1 x1c8 h9b y20dc ff59 fs2e fcb sc0 ls185 ws0\">is<span class=\"ls0\"> <span class=\"ls184\">performed annually or</span> <span class=\"ls17a\">whenever<span class=\"_ _4\"></span> events or c<span class=\"_ _4\"></span>hanges in ci<span class=\"_ _4\"></span>rcumstances i<span class=\"_ _4\"></span>ndicate th<span class=\"_ _4\"></span>at the carr<span class=\"_ _4\"></span>ying amount may<span class=\"_ _4\"></span> not be rec<span class=\"_ _4\"></span>overable, wi<span class=\"_ _4\"></span>th </span></span></div><div class=\"t m1 x1c8 h9b y20dd ff59 fs2e fcb sc0 ls18e ws0\">any impairment recognise<span class=\"ls17f\">d in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></div></div><div class=\"c w26 hb6 gs117\"><div class=\"t m1 x1c8 h9b y222a ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y222b ff59 fs2e fcd sc0 ls0 ws0\">T<span class=\"ls18e\">ax</span> <span class=\"ls188\">expense</span> </div><div class=\"t m1 x1c8 h9b y222c ff59 fs2e fcb sc0 ls183 ws0\">Tax expense<span class=\"ls0\"> <span class=\"ls185\">is based on ou<span class=\"_ _0\"></span>r taxable profit fo<span class=\"_ _0\"></span>r the year. <span class=\"ls19f\">While the Company i<span class=\"_ _4\"></span>s domiciled <span class=\"_ _4\"></span>in Jersey,<span class=\"_ _4\"></span> it is U<span class=\"_ _4\"></span>K tax resi<span class=\"_ _4\"></span>dent due to </span></span></span></div><div class=\"t m1 x1c8 h9b y222d ff59 fs2e fcb sc0 ls19b ws0\">management <span class=\"_ _4\"></span>and contr<span class=\"_ _4\"></span>ol being <span class=\"_ _4\"></span>exercised<span class=\"_ _4\"></span> in the <span class=\"_ _4\"></span>UK. <span class=\"ls183\">Taxable profit <span class=\"_ _4\"></span>differs from net profit as <span class=\"_ _4\"></span>reported in the <span class=\"ls0\">c</span>onsolidated income </span></div><div class=\"t m1 x1c8 h9b y222e ff59 fs2e fcb sc0 ls199 ws0\">statement<span class=\"ls0\"> b<span class=\"ls188\">ecause <span class=\"ls185\">it</span></span> <span class=\"ls188\">excludes items of income or expense that are taxabl<span class=\"_ _4\"></span>e or deductible in other years, <span class=\"_ _4\"></span>in addition to items that are </span></span></div><div class=\"t m1 x1c8 h9b y222f ff59 fs2e fcb sc0 ls197 ws0\">never taxable or deduct<span class=\"_ _4\"></span>ible. Accounting for tax<span class=\"_ _4\"></span> involves a level of <span class=\"_ _4\"></span>estimation uncertainty gi<span class=\"_ _4\"></span>ven the application of t<span class=\"_ _4\"></span>ax law r<span class=\"ls188\">equires a </span></div><div class=\"t m1 x1c8 h9b y2230 ff59 fs2e fcb sc0 ls17f ws0\">degree o<span class=\"ls186\">f judgement, which tax authorities ma<span class=\"_ _0\"></span>y dispute. Tax liabilities are recognised ba<span class=\"_ _0\"></span>sed on the best estimates of prob<span class=\"_ _0\"></span>able outcom<span class=\"ls188\">es, </span></span></div><div class=\"t m1 x1c8 h9b y2231 ff59 fs2e fcb sc0 ls17a ws0\">with regar<span class=\"_ _4\"></span>d to externa<span class=\"_ _4\"></span>l advice whe<span class=\"_ _4\"></span>re appropria<span class=\"_ _4\"></span>te. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2232 ff59 fs2e fcb sc0 ls19f ws0\">We are a <span class=\"_ _4\"></span>global busi<span class=\"_ _4\"></span>ness and ther<span class=\"_ _4\"></span>efore oper<span class=\"_ _4\"></span>ate across <span class=\"ls19b\">mu<span class=\"_ _4\"></span>ltiple<span class=\"ls0\"> <span class=\"ls17f\">diff<span class=\"_ _4\"></span>erent tax<span class=\"ls0\"> <span class=\"ls1bb\">jurisdictions. Inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>enses are alloc<span class=\"_ _0\"></span>ated to these </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y2233 ff59 fs2e fcb sc0 ls17f ws0\">different jurisdict<span class=\"_ _4\"></span>ions based on transfer pricing <span class=\"_ _4\"></span>methodologies set in accordance with t<span class=\"_ _4\"></span>he laws of the jurisdicti<span class=\"_ _4\"></span>ons in which<span class=\"ls0\"> <span class=\"ls17a\">we operat<span class=\"_ _4\"></span>e<span class=\"ls0\">, </span></span></span></div><div class=\"t m1 x1c8 h9b y2234 ff59 fs2e fcb sc0 ls18e ws0\">and international guidelines as l<span class=\"_ _4\"></span>aid out by the Organisatio<span class=\"ls197\">n for Ec<span class=\"_ _4\"></span>onomic Co<span class=\"ls0\">-<span class=\"ls183\">operation and Development (OECD). The effective <span class=\"_ _4\"></span>tax rate </span></span></span></div><div class=\"t m1 x1c8 h9b y2235 ff59 fs2e fcb sc0 ls18c ws0\">results from the combination<span class=\"_ _0\"></span> of taxes paid on earnings attributa<span class=\"_ _0\"></span>ble to the tax jurisdictions in which they<span class=\"_ _0\"></span> arise. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2236 ff59 fs2e fcd sc0 ls180 ws0\">Deferred tax<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2237 ff59 fs2e fcb sc0 ls180 ws0\">Deferred tax i<span class=\"_ _4\"></span>s recognised using <span class=\"_ _4\"></span>the balance sheet <span class=\"_ _4\"></span>li<span class=\"ls18e\">ability method in respect <span class=\"_ _4\"></span>of temporary differences between the carrying amounts </span></div><div class=\"t m1 x1c8 h9b y2238 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls18e\">assets and liabilities <span class=\"_ _4\"></span>for financial reporting purposes and the <span class=\"_ _4\"></span>amounts used for tax purposes. <span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2239 ff59 fs2e fcb sc0 ls180 ws0\">Deferred tax i<span class=\"_ _4\"></span>s calculated at <span class=\"_ _4\"></span>the tax rates that<span class=\"_ _4\"></span> are expected to <span class=\"_ _4\"></span>apply in the<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls184\">period when the liability <span class=\"_ _4\"></span>is settled, or the ass<span class=\"_ _4\"></span>et is realised, </span></span></div><div class=\"t m1 x1c8 h9b y223a ff59 fs2e fcb sc0 ls17f ws0\">based on<span class=\"ls0\"> <span class=\"ls186\">tax laws and rates that have been<span class=\"_ _0\"></span> enacted or substantively enac<span class=\"_ _0\"></span>ted at the reporting date.</span> </span></div><div class=\"t m1 x1c8 h9b y223b ff59 fs2e fcb sc0 ls183 ws0\">The carrying amount of deferred tax <span class=\"_ _4\"></span>assets is reviewed at each reporti<span class=\"_ _4\"></span>ng date and reduced to<span class=\"ls0\"> <span class=\"ls186\">the extent that it is no longer probable </span></span></div><div class=\"t m1 x1c8 h9b y223c ff59 fs2e fcb sc0 ls186 ws0\">that sufficient taxable profits will be available<span class=\"_ _0\"></span> to allow all or part of the asset to be recovere<span class=\"_ _0\"></span>d. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y223d ff59 fs2e fcb sc0 ls180 ws0\">Deferred tax ass<span class=\"_ _4\"></span>ets and liabil<span class=\"_ _4\"></span>ities are offs<span class=\"_ _4\"></span>et when there is <span class=\"_ _4\"></span>a legally enforc<span class=\"_ _4\"></span>eable right to o<span class=\"_ _4\"></span>ffset current tax<span class=\"_ _4\"></span> a<span class=\"ls199\">ssets against current tax </span></div><div class=\"t m1 x1c8 h9b y223e ff59 fs2e fcb sc0 ls185 ws0\">liabilities when<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls186\">they relate to income taxes lev<span class=\"_ _0\"></span>ied by the same taxation autho<span class=\"_ _0\"></span>rity and we intend to settle those cu<span class=\"_ _0\"></span>rrent tax assets and </span></span></div><div class=\"t m1 x1c8 h9b y223f ff59 fs2e fcb sc0 ls185 ws0\">liabilities on<span class=\"ls0\"> <span class=\"ls18e\">a net</span> <span class=\"ls17f\">basis.</span></span><span class=\"ls0\"> </span></div></div><div class=\"c w27 hb8 gs13e\"><div class=\"t m1 x1c8 h9b y228e ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y228f ff59 fs2e fcb sc0 ls19f ws0\">We operate<span class=\"ls0\"> <span class=\"ls19b\">mul<span class=\"_ _4\"></span>tiple<span class=\"ls0\"> d<span class=\"ls188\">efined contributi<span class=\"_ _4\"></span>on plans<span class=\"ls0\"> <span class=\"ls185\">in the regions<span class=\"_ _0\"></span> in which we o<span class=\"_ _0\"></span>perate</span> <span class=\"ls18e\">and <span class=\"ls186\">two <span class=\"ls187\">(20<span class=\"_ _0\"></span>2</span></span></span>4<span class=\"ls190\">: two) mate<span class=\"_ _0\"></span>rial funded defin<span class=\"_ _0\"></span>ed </span></span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y2290 ff59 fs2e fcb sc0 ls17f ws0\">benefit<span class=\"ls0\"> <span class=\"ls184\">plans.</span> </span></div><div class=\"t m1 x1c8 h9b y2291 ff59 fs2e fcd sc0 ls180 ws0\">Defined <span class=\"ls18e\">contribution plans<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2292 ff59 fs2e fcb sc0 ls19f ws0\">We pay cont<span class=\"_ _4\"></span>ributions t<span class=\"_ _4\"></span>o publicly<span class=\"_ _4\"></span> or privat<span class=\"_ _4\"></span>ely admini<span class=\"_ _4\"></span>stered pensi<span class=\"_ _4\"></span>on plans on <span class=\"_ _4\"></span>a mandatory,<span class=\"_ _4\"></span> contractual<span class=\"_ _4\"></span> or volunt<span class=\"_ _4\"></span>ary basis.<span class=\"_ _4\"></span> We h<span class=\"ls18e\">ave no </span></div><div class=\"t m1 x1c8 h9b y2293 ff59 fs2e fcb sc0 ls186 ws0\">further payment obligation onc<span class=\"_ _0\"></span>e the contributions have been<span class=\"_ _0\"></span> paid. Defined contribution costs are re<span class=\"_ _0\"></span>cognis<span class=\"ls188\">ed as pension costs within </span></div><div class=\"t m1 x1c8 h9b y2294 ff59 fs2e fcb sc0 ls18e ws0\">compensation in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls17a\">when they<span class=\"_ _4\"></span> are due.<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2295 ff59 fs2e fcd sc0 ls180 ws0\">Defined benefit <span class=\"_ _4\"></span>plans<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2296 ff59 fs2e fcb sc0 ls181 ws0\">A defined benefit<span class=\"_ _4\"></span> plan creates a <span class=\"_ _4\"></span>financial obligat<span class=\"_ _4\"></span>ion to provide fu<span class=\"_ _4\"></span>nding to the pensi<span class=\"_ _4\"></span>on plan to provide <span class=\"_ _4\"></span>a retired employee <span class=\"_ _4\"></span>wi<span class=\"ls186\">th pension </span></div><div class=\"t m1 x1c8 h9b y2297 ff59 fs2e fcb sc0 ls17f ws0\">benefits usually dependent on <span class=\"_ _4\"></span>one or more factors such as age, years <span class=\"_ _4\"></span>of service and compensation. As with <span class=\"_ _4\"></span>the vast major<span class=\"ls185\">ity of similar </span></div><div class=\"t m1 x1c8 h9b y2298 ff59 fs2e fcb sc0 ls18e ws0\">arrangements, we ultimately underwrite the ri<span class=\"_ _4\"></span>sks related to the defined benefit<span class=\"_ _4\"></span> plans. The risks to which this <span class=\"_ _4\"></span>exposes us inc<span class=\"ls1bb\">lude:<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2216 ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls193\">Uncerta<span class=\"_ _4\"></span>inty in benefi<span class=\"_ _4\"></span>t payments: the v<span class=\"_ _4\"></span>alue of our l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>for post<span class=\"ls0\">-<span class=\"ls18c\">retirement benefits will ultimately dep<span class=\"ls188\">end on the amount of </span></span></span></span></span></div><div class=\"t m1 x1ca h9b y2217 ff59 fs2e fcb sc0 ls17f ws0\">benefits paid out. This<span class=\"_ _4\"></span> in turn will depend on t<span class=\"_ _4\"></span>he level of inflation (<span class=\"_ _4\"></span>for those benefits that are <span class=\"_ _4\"></span>subject to some form of in<span class=\"ls186\">fl<span class=\"_ _4\"></span>ation </span></div><div class=\"t m1 x1ca h9b y2299 ff59 fs2e fcb sc0 ls184 ws0\">protection) and how long i<span class=\"_ _4\"></span>ndividuals live<span class=\"ls0\">. </span></div><div class=\"t m1 x1c8 h9b y229a ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls1b8\">Volatil<span class=\"_ _4\"></span>ity in asset va<span class=\"_ _4\"></span>lues: we are exposed <span class=\"_ _4\"></span>to future <span class=\"ls1a6\">movement<span class=\"_ _4\"></span>s in the<span class=\"_ _4\"></span> values o<span class=\"_ _4\"></span>f assets <span class=\"_ _4\"></span>held in <span class=\"_ _4\"></span>the plans<span class=\"_ _4\"></span> to meet f<span class=\"_ _4\"></span>uture bene<span class=\"_ _4\"></span>fit payme<span class=\"_ _4\"></span>nts<span class=\"ls0\">. </span></span></span></span></div><div class=\"t m1 x1c8 h9b y229b ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls193\">Uncerta<span class=\"_ _4\"></span>inty in cash f<span class=\"_ _4\"></span>unding: movements in<span class=\"_ _4\"></span> the values of <span class=\"_ _4\"></span>the obligations<span class=\"_ _4\"></span> or assets may r<span class=\"_ _4\"></span>esult in us be<span class=\"_ _4\"></span>ing required t<span class=\"_ _4\"></span>o provide <span class=\"ls184\">higher </span></span></span></div><div class=\"t m1 x1ca h9b y229c ff59 fs2e fcb sc0 ls185 ws0\">levels of<span class=\"ls0\"> <span class=\"ls18e\">cash.</span> </span></div><div class=\"t m1 x1c8 h9b y20c8 ff59 fs2e fcb sc0 ls183 ws0\">The two material define<span class=\"ls17f\">d benefit<span class=\"_ _4\"></span> plans operated are the Man Group plc <span class=\"_ _4\"></span>Pension Fund in the UK (the UK Pl<span class=\"_ _4\"></span>an) and the Man Group Pension </span></div><div class=\"t m1 x1c8 h9b y20c9 ff59 fs2e fcb sc0 ls17d ws0\">Plan in Switzerla<span class=\"_ _4\"></span>nd (the Swiss Plan).<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y229d ff59 fs2e fcd sc0 ls0 ws0\">\u2013 <span class=\"ls193\">UK Plan </span> </div><div class=\"t m1 x1c8 h9b y20cb ff59 fs2e fcb sc0 ls183 ws0\">The UK Plan is operated separatel<span class=\"_ _4\"></span>y from Man Group and managed by independent trustees. <span class=\"_ _4\"></span>The truste<span class=\"ls188\">es are responsible for payment </span></div><div class=\"t m1 x1c8 h9b y20cc ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls186\">the benefits and managem<span class=\"_ _0\"></span>ent of the UK Plan\u2019s assets. Unde<span class=\"_ _0\"></span>r UK regulations, Man Group an<span class=\"_ _0\"></span>d the trustees of the UK Plan are requ<span class=\"_ _0\"></span><span class=\"ls185\">ired </span></span></span></div><div class=\"t m1 x1c8 h9b y20cd ff59 fs2e fcb sc0 ls186 ws0\">to agree a funding strategy and c<span class=\"_ _0\"></span>ontribution schedule for the UK Pla<span class=\"_ _0\"></span>n. We have concluded tha<span class=\"_ _0\"></span>t we have no requirement to<span class=\"_ _0\"></span> adjust the </div><div class=\"t m1 x1c8 h9b y20ce ff59 fs2e fcb sc0 ls17f ws0\">balance sheet to recognise ei<span class=\"_ _4\"></span>ther a current surplus or a <span class=\"_ _4\"></span>minimum funding requirement on the basis t<span class=\"_ _4\"></span>hat we have an uncondition<span class=\"ls18e\">al <span class=\"_ _4\"></span>right </span></div><div class=\"t m1 x1c8 h9b y20cf ff59 fs2e fcb sc0 ls186 ws0\">to a refund of a current or<span class=\"ls0\"> <span class=\"ls184\">projected future surplus at some point in <span class=\"_ _4\"></span>the future. <span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y20d0 ff59 fs2e fcb sc0 ls183 ws0\">The UK Plan was closed to new members in May <span class=\"_ _4\"></span>1999, to future accrual in May 201<span class=\"_ _4\"></span>1 and has no active members. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y229e ff59 fs2e fcd sc0 ls0 ws0\">\u2013 <span class=\"ls179\">Swiss Plan </span> </div><div class=\"t m1 x1c8 h9b y229f ff59 fs2e fcb sc0 ls198 ws0\">In Switzerland, w<span class=\"_ _0\"></span>e operate a retir<span class=\"_ _0\"></span>ement founda<span class=\"_ _0\"></span>tion whose ass<span class=\"_ _0\"></span>ets are held sep<span class=\"_ _0\"></span>arately from Ma<span class=\"_ _0\"></span>n Group. This fou<span class=\"_ _0\"></span>ndation cove<span class=\"_ _0\"></span>rs th<span class=\"ls188\">e </span></div><div class=\"t m1 x1c8 h9b y22a0 ff59 fs2e fcb sc0 ls19b ws0\">majori<span class=\"ls186\">ty of employees in Switzerland and provides benefits on a ca<span class=\"_ _0\"></span>sh balance basis. Each emp<span class=\"_ _0\"></span>loyee has a retirement accou<span class=\"_ _0\"></span>nt to which<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y20d4 ff59 fs2e fcb sc0 ls186 ws0\">the employee and Man G<span class=\"_ _0\"></span>roup make contributions at rate<span class=\"_ _0\"></span>s set out in the plan rules based on a perc<span class=\"_ _0\"></span>entage of salary. Every year the<span class=\"_ _0\"></span> </div><div class=\"t m1 x1c8 h9b y20d5 ff59 fs2e fcb sc0 ls0 ws0\">p<span class=\"ls188\">ension fund commission (composed of employer and employee representat<span class=\"_ _4\"></span>ives) decides the level of i<span class=\"_ _4\"></span>nterest, if any, to apply t<span class=\"_ _4\"></span>o<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y20d6 ff59 fs2e fcb sc0 ls18c ws0\">retirement accounts base<span class=\"_ _0\"></span>d on their agreed policy. At retireme<span class=\"_ _0\"></span>nt, an employee can take th<span class=\"_ _0\"></span>eir retirement account as a lum<span class=\"_ _0\"></span>p sum <span class=\"ls183\">or ha<span class=\"ls18e\">ve </span></span></div><div class=\"t m1 x1c8 h9b y20d7 ff59 fs2e fcb sc0 ls186 ws0\">this paid as a pension.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22a1 ff59 fs2e fcb sc0 ls181 ws0\">As the Swiss Pla<span class=\"_ _4\"></span>n is essentiall<span class=\"_ _4\"></span>y a defined contri<span class=\"_ _4\"></span>bution plan with g<span class=\"_ _4\"></span>uarantees, the asset<span class=\"_ _4\"></span>s held aim to be <span class=\"_ _4\"></span>at least as much as<span class=\"_ _4\"></span> t<span class=\"ls184\">he total of the </span></div><div class=\"t m1 x1c8 h9b y2220 ff59 fs2e fcb sc0 ls19b ws0\">member acc<span class=\"_ _4\"></span>ount bala<span class=\"_ _4\"></span>nces at a<span class=\"_ _4\"></span>ny point <span class=\"_ _4\"></span>in time.<span class=\"_ _4\"></span> Member acc<span class=\"_ _4\"></span>ount bala<span class=\"_ _4\"></span>nces canno<span class=\"_ _4\"></span>t reduce,<span class=\"_ _4\"></span> but<span class=\"ls0\"> <span class=\"ls185\">interest is only applie<span class=\"_ _0\"></span>d to the accou<span class=\"_ _0\"></span>nt </span></span></div><div class=\"t m1 x1c8 h9b y2221 ff59 fs2e fcb sc0 ls17f ws0\">balances when sufficient surpl<span class=\"_ _4\"></span>us assets are available. As <span class=\"_ _4\"></span>such, there is no specific <span class=\"_ _4\"></span>asset/liability matching <span class=\"_ _4\"></span>strategy in pla<span class=\"ls18e\">ce, but <span class=\"_ _4\"></span>if the </span></div><div class=\"t m1 x1c8 h9b y20db ff59 fs2e fcb sc0 ls185 ws0\">liabilities (the sum<span class=\"_ _0\"></span> of the mem<span class=\"_ _0\"></span>ber account b<span class=\"_ _0\"></span>alances) eve<span class=\"_ _0\"></span>r exceed the v<span class=\"_ _0\"></span>alue <span class=\"ls183\">of the assets, we will consider how to remove a <span class=\"_ _4\"></span>deficit as </span></div><div class=\"t m1 x1c8 h9b y20dc ff59 fs2e fcb sc0 ls184 ws0\">quickly as possible.<span class=\"_ _4\"></span> The Swiss Plan surplus is<span class=\"_ _4\"></span> restricted by the value of<span class=\"_ _4\"></span> the employer contribution reser<span class=\"_ _4\"></span>ve, which provides the ass<span class=\"_ _4\"></span>et </div><div class=\"t m1 x1c8 h9b y20dd ff59 fs2e fcb sc0 ls18e ws0\">ceiling on amounts available to Man Group.<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></div><div class=\"c w26 hbb gs170\"><div class=\"t m1 x1c8 h9b y21bc ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y21bd ff59 fs2e fcd sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22dd ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"ls18e\">al<span class=\"_ _4\"></span>ents comprise cash and short<span class=\"ls0\">-<span class=\"ls186\">term investments in money m<span class=\"_ _0\"></span>arket funds or bank deposits with a<span class=\"_ _0\"></span>n original maturity </span></span></span></div><div class=\"t m1 x1c8 h9b y22de ff59 fs2e fcb sc0 ls183 ws0\">of three months or less. Cash <span class=\"_ _4\"></span>and cash equivalents are measured at amorti<span class=\"_ _4\"></span>sed cost, which is approximately equal <span class=\"_ _4\"></span>to fair value<span class=\"ls190\">. Cash and </span></div><div class=\"t m1 x1c8 h9b y22df ff59 fs2e fcb sc0 ls18e ws0\">cash eq<span class=\"ls184\">uivalents include r<span class=\"_ _4\"></span>estricted balances held by c<span class=\"_ _4\"></span>onsolidated fund entities to <span class=\"_ _4\"></span>which we do not have access<span class=\"ls0\">, <span class=\"ls18e\">and which are subject </span></span></span></div><div class=\"t m1 x1c8 h9b y22e0 ff59 fs2e fcb sc0 ls186 ws0\">to legal or contractual restrictions as to their us<span class=\"_ _0\"></span>e.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22e1 ff59 fs2e fcd sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22e2 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> <span class=\"ls184\">primarily</span> <span class=\"ls18e\">comprise amounts drawn under committed <span class=\"_ _4\"></span>revolving credit facilities.<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">These borrowings are initially r<span class=\"_ _4\"></span>ecorded at fair </span></span></span></span></div><div class=\"t m1 x1c8 h9b y22e3 ff59 fs2e fcb sc0 ls18e ws0\">value and subsequently measured at amortised cost.<span class=\"ls0\"> <span class=\"ls180\">Drawdo<span class=\"_ _4\"></span>wns under <span class=\"ls18c\">revolving credit facilities<span class=\"ls0\"> <span class=\"ls18e\">are typically for maturities of <span class=\"_ _4\"></span>one </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y22e4 ff59 fs2e fcb sc0 ls19b ws0\">month or<span class=\"ls0\"> <span class=\"ls185\">less and are therefore prese<span class=\"_ _0\"></span>nted net of rep<span class=\"_ _0\"></span>ayments in th<span class=\"_ _0\"></span>e </span>c<span class=\"ls183\">onsolidated cash flow</span> <span class=\"ls199\">statement.</span>  </span></div><div class=\"t m1 x1c8 h9b y21c6 ff59 fs2e fcb sc0 ls181 ws0\">Also included wi<span class=\"_ _4\"></span>thin borrowings are<span class=\"_ _4\"></span> <span class=\"ls18e\">amounts payable to <span class=\"ls186\">third parties who hold<span class=\"ls0\"> <span class=\"ls185\">indirec<span class=\"_ _0\"></span>t interest</span>s <span class=\"ls185\">in </span></span></span>certain <span class=\"ls18a\">CLO<span class=\"ls199\">s that we manage. </span></span></span></div><div class=\"t m1 x1c8 h9b y21c7 ff59 fs2e fcb sc0 ls183 ws0\">The<span class=\"ls0\"> <span class=\"ls18c\">risk retention assets</span> <span class=\"ls185\">in th<span class=\"_ _0\"></span>es<span class=\"ls188\">e CLOs were partially funded through a s<span class=\"_ _4\"></span>eries of interest<span class=\"ls0\">-<span class=\"ls17f\">bearing term loans, wi<span class=\"_ _4\"></span>th principal amounts </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y21c8 ff59 fs2e fcb sc0 ls183 ws0\">outstanding also presented withi<span class=\"_ _4\"></span>n borrowings.<span class=\"ls0\"> </span>These borrowings are measured at fair<span class=\"_ _4\"></span> value through profit and loss.<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></div><div class=\"c w27 hbc gs17e\"><div class=\"t m1 x1c8 h9b y22f4 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22f5 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span></div><div class=\"t m1 x1c8 h9b y2143 ff59 fs2e fcb sc0 ls18c ws0\">rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span></div><div class=\"t m1 x1c8 h9b y2144 ff59 fs2e fcb sc0 ls18c ws0\">receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span></div><div class=\"t m1 x1c8 h9b y2145 ff59 fs2e fcb sc0 ls183 ws0\">of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span><span class=\"ls197\"> </span><span class=\"ls197\"><span class=\"ls0\"> </span></span></div></div><div class=\"c w27 hbc gs183\"><div class=\"t m1 x1c8 h9b y22fb ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2181 ff59 fs2e fcb sc0 ls181 ws0\">All leasehold <span class=\"_ _4\"></span>improvements and equipment <span class=\"_ _4\"></span>are recorded at cos<span class=\"_ _4\"></span>t less depreciati<span class=\"_ _4\"></span>on and impairment. Co<span class=\"_ _4\"></span>st includes the or<span class=\"_ _4\"></span>iginal pu<span class=\"ls18c\">rchase </span></div><div class=\"t m1 x1c8 h9b y2182 ff59 fs2e fcb sc0 ls184 ws0\">price of<span class=\"ls0\"> <span class=\"ls186\">the asset and costs directly attributable to bringing th<span class=\"_ _0\"></span>e asset to its working condition for its intende<span class=\"_ _0\"></span>d use. Depr<span class=\"ls188\">eciation is </span></span></span></div><div class=\"t m1 x1c8 h9b y2183 ff59 fs2e fcb sc0 ls18e ws0\">calculated using the<span class=\"ls0\"> <span class=\"ls199\">straight</span>-<span class=\"ls185\">line method over the<span class=\"_ _0\"></span> asset\u2019s estim<span class=\"_ _0\"></span>ated useful life, w<span class=\"_ _0\"></span>hich for lease<span class=\"_ _0\"></span>hold improve<span class=\"_ _0\"></span>ments is the s<span class=\"_ _0\"></span>horter of the </span></span></div><div class=\"t m1 x1c8 h9b y2184 ff59 fs2e fcb sc0 ls185 ws0\">life of the lease an<span class=\"_ _0\"></span>d that of<span class=\"ls0\"> <span class=\"ls186\">the<span class=\"_ _0\"></span> improvement (up to 24 yea<span class=\"_ _0\"></span>rs) and for equipment is betwee<span class=\"_ _0\"></span>n three and ten y<span class=\"ls188\">ears.</span></span></span><span class=\"ls0\"><span class=\"ls186\"><span class=\"ls188\"> </span></span></span><span class=\"ls0\"> </span></div></div><div class=\"c w26 hbd gs186\"><div class=\"t m1 x1c8 h9b y2308 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2309 ff59 fs2e fcb sc0 ls18d ws0\">Following initial <span class=\"_ _4\"></span>recognition, <span class=\"ls199\">software<span class=\"ls0\"> <span class=\"ls185\">intangible</span> <span class=\"ls18e\">assets</span> <span class=\"ls18e\">are held at cost less accumulated amortisation and impairment. Cost<span class=\"_ _4\"></span> includes </span></span></span></div><div class=\"t m1 x1c8 h9b y230a ff59 fs2e fcb sc0 ls18e ws0\">costs that are directly as<span class=\"_ _4\"></span>sociated with the procurement or development of identi<span class=\"_ _4\"></span>fiab<span class=\"ls185\">le and uniq<span class=\"_ _0\"></span>ue software p<span class=\"_ _0\"></span>roducts whic<span class=\"_ _0\"></span>h will </span></div><div class=\"t m1 x1c8 h9b y230b ff59 fs2e fcb sc0 ls184 ws0\">generate<span class=\"ls0\"> <span class=\"ls188\">economic benefits exceeding costs</span> <span class=\"ls183\">over a peri<span class=\"_ _4\"></span>od longer than one year. Capitali<span class=\"_ _4\"></span>sed software<span class=\"ls0\"> <span class=\"ls185\">intangible asse<span class=\"_ _0\"></span>ts are</span> <span class=\"ls18e\">amortised </span></span></span></span></div><div class=\"t m1 x1c8 h9b y230c ff59 fs2e fcb sc0 ls183 ws0\">on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over <span class=\"ls186\">the<span class=\"_ _0\"></span>ir</span></span> <span class=\"ls188\">estimated useful li<span class=\"ls18e\">ves</span></span> <span class=\"ls187\">(three years), with am</span></span>ortisation expense included within other <span class=\"_ _4\"></span>costs in the </div><div class=\"t m1 x1c8 h9b y230d ff59 fs2e fcb sc0 ls0 ws0\">c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">. </span></span>S<span class=\"ls183\">oftware</span> <span class=\"ls185\">intangible assets a<span class=\"_ _0\"></span>re</span> <span class=\"ls18c\">reviewed for impairm<span class=\"_ _0\"></span>ent whenever even<span class=\"_ _0\"></span>ts or changes in </span></div><div class=\"t m1 x1c8 h9b y230e ff59 fs2e fcb sc0 ls18e ws0\">circumstances<span class=\"ls0\"> <span class=\"ls185\">indicate that the<span class=\"_ _0\"></span> carrying am<span class=\"_ _0\"></span>ount may no<span class=\"_ _0\"></span>t be recoverab<span class=\"_ _0\"></span>le. Additions prim<span class=\"_ _0\"></span></span></span>arily relate to the continued investment in our </div><div class=\"t m1 x1c8 h9b y230f ff59 fs2e fcb sc0 ls183 ws0\">operating platforms. <span class=\"ls0\"> </span></div></div><div class=\"c w26 hbe gs18b\"><div class=\"t m1 x1c8 h9b y2221 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y20db ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span></div><div class=\"t m1 x1c8 h9b y20dc ff59 fs2e fcb sc0 ls18e ws0\">amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span></div><div class=\"t m1 x1c8 h9b y20dd ff59 fs2e fcb sc0 ls184 ws0\">payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls185\"><span class=\"ls0\"><span class=\"ls17a\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></span></span></span></div></div><div class=\"c w27 hbc gs17e\"><div class=\"t m1 x1c8 h9b y22f4 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y22f5 ff59 fs2e fcb sc0 ls17d ws0\">Provisions are r<span class=\"_ _4\"></span>ecognised when Man Group has a <span class=\"_ _4\"></span>present obligation (<span class=\"_ _4\"></span>legal or constructi<span class=\"_ _4\"></span>ve) as a result <span class=\"_ _4\"></span>of a past event, i<span class=\"_ _4\"></span>t is <span class=\"ls184\">probable that </span></div><div class=\"t m1 x1c8 h9b y2143 ff59 fs2e fcb sc0 ls17a ws0\">we will b<span class=\"_ _4\"></span>e required t<span class=\"_ _4\"></span>o settle t<span class=\"_ _4\"></span>he obligati<span class=\"_ _4\"></span>on, and a r<span class=\"_ _4\"></span>eliable es<span class=\"_ _4\"></span>timate can b<span class=\"_ _4\"></span>e made of the<span class=\"_ _4\"></span> amount of th<span class=\"_ _4\"></span>e obligati<span class=\"_ _4\"></span>on. Al<span class=\"ls185\">l provisions are current </span></div><div class=\"t m1 x1c8 h9b y2144 ff59 fs2e fcb sc0 ls184 ws0\">given we do not have the uncondi<span class=\"_ _4\"></span>tional right to defer s<span class=\"_ _4\"></span>ettlement<span class=\"ls190\">, except for leaseho<span class=\"_ _0\"></span>ld restoration p<span class=\"_ _0\"></span>rovisions whic<span class=\"_ _0\"></span>h are expecte<span class=\"_ _0\"></span>d to be </span></div><div class=\"t m1 x1c8 h9b y2145 ff59 fs2e fcb sc0 ls199 ws0\">settled at the end of the respective leases<span class=\"ls190\">. </span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></div><div class=\"c w26 hbf gs191\"><div class=\"t m1 x1c8 h9b y2322 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2323 ff59 fs2e fcb sc0 ls198 ws0\">Incremental co<span class=\"_ _0\"></span>sts <span class=\"ls17f\">directly attributable to <span class=\"_ _4\"></span>the issue of new ordinary shares ar<span class=\"_ _4\"></span>e shown in equity as a deduction <span class=\"_ _4\"></span>from the proceeds, net </span></div><div class=\"t m1 x1c8 h9b y2324 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls186\">tax.</span></span><span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2325 ff59 fs2e fcb sc0 ls179 ws0\">Share repurchases are r<span class=\"_ _4\"></span>ecognised at the point we <span class=\"_ _4\"></span>become committed to completing them. A <span class=\"_ _4\"></span>liability is r<span class=\"_ _4\"></span>ecognised for the full<span class=\"_ _4\"></span> <span class=\"ls18e\">amount </span></div><div class=\"t m1 x1c8 h9b y2326 ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls186\">the commitment, including<span class=\"_ _0\"></span> directly attributable costs, with a corresp<span class=\"_ _0\"></span>onding debit to equity. Where repu<span class=\"_ _0\"></span>rchased shares are hel<span class=\"ls17f\">d in </span></span></span></div><div class=\"t m1 x1c8 h9b y2327 ff59 fs2e fcb sc0 ls183 ws0\">Treasury, a transfer from t<span class=\"_ _4\"></span>he profit and loss reserve to <span class=\"_ _4\"></span>the Treasury share reserve is recogni<span class=\"_ _4\"></span>sed for the full amount of th<span class=\"ls188\">e <span class=\"_ _4\"></span>consideration </span></div><div class=\"t m1 x1c8 h9b y2328 ff59 fs2e fcb sc0 ls184 ws0\">paid. Where shares are repur<span class=\"_ _4\"></span>chased and subsequently cancelled,<span class=\"_ _4\"></span> the equivalent par value by<span class=\"_ _4\"></span> which the Company\u2019s share capital<span class=\"_ _4\"></span> <span class=\"ls185\">is </span></div><div class=\"t m1 x1c8 h9b y2329 ff59 fs2e fcb sc0 ls18c ws0\">reduced is transferred to the capita<span class=\"_ _0\"></span>l redemption reserve.<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y232a ff59 fs2e fcb sc0 ls183 ws0\">The Employee Trust, which is consol<span class=\"_ _4\"></span>idated into Man Gro<span class=\"ls184\">up, has the obli<span class=\"_ _4\"></span>gation to deliver deferr<span class=\"_ _4\"></span>ed share<span class=\"ls0\">-<span class=\"ls17f\">based and fund product</span>-<span class=\"ls17f\">based </span></span></span></div><div class=\"t m1 x1c8 h9b y232b ff59 fs2e fcb sc0 ls18e ws0\">compensation granted to employees, and accordingly holds <span class=\"_ _4\"></span>shares and fund investments to deliver against<span class=\"_ _4\"></span> these future obligati<span class=\"ls183\">ons. <span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y232c ff59 fs2e fcb sc0 ls17a ws0\">Man Group pl<span class=\"_ _4\"></span>c shares hel<span class=\"_ _4\"></span>d by the Empl<span class=\"_ _4\"></span>oyee Trust<span class=\"ls0\"> <span class=\"ls18e\">and shar<span class=\"_ _4\"></span>es held in Treasury are recorded at <span class=\"_ _4\"></span>cost, including any directly attri<span class=\"_ _4\"></span>butable </span></span></div><div class=\"t m1 x1c8 h9b y232d ff59 fs2e fcb sc0 ls185 ws0\">incremental c<span class=\"_ _0\"></span>osts (net of tax), a<span class=\"_ _0\"></span>nd are dedu<span class=\"_ _0\"></span>cted from equ<span class=\"_ _0\"></span>ity (within the r<span class=\"_ _0\"></span>espective rese<span class=\"_ _0\"></span>rves) until the s<span class=\"_ _0\"></span>hares are sold, c<span class=\"_ _0\"></span>anc<span class=\"ls188\">elled or </span></div><div class=\"t m1 x1c8 h9b y232e ff59 fs2e fcb sc0 ls186 ws0\">transferred to<span class=\"ls0\"> <span class=\"ls188\">employees. Where suc<span class=\"ls184\">h shares are subsequently sold, <span class=\"_ _4\"></span>any consideration received, <span class=\"_ _4\"></span>net of any directly att<span class=\"_ _4\"></span>ributable </span></span></span></div><div class=\"t m1 x1c8 h9b y232f ff59 fs2e fcb sc0 ls185 ws0\">incremental tra<span class=\"_ _0\"></span>nsaction cos<span class=\"_ _0\"></span>ts and the relate<span class=\"_ _0\"></span>d tax effects, is in<span class=\"_ _0\"></span>cluded in eq<span class=\"_ _0\"></span>uity.<span class=\"ls0\"> </span></div></div><div class=\"c w27 hc0 gs1a5\"><div class=\"t m1 x1c8 h9b y2355 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2356 ff59 fs2e fcb sc0 ls18a ws0\">Ca<span class=\"ls199\">sh flows arising from the purchase and sale of investments in fund products and other investments, and from transactions with<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">third</span>-<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2357 ff59 fs2e fcb sc0 ls184 ws0\">party investors in cons<span class=\"_ _4\"></span>olidated fund entities, <span class=\"_ _4\"></span>are included in cash flows <span class=\"_ _4\"></span>from operating activities <span class=\"_ _4\"></span>in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated cash</span> <span class=\"ls186\">flow</span> <span class=\"ls199\">statement. </span></span></div><div class=\"t m1 x1c8 h9b y2358 ff59 fs2e fcb sc0 ls183 ws0\">This classification ref<span class=\"_ _4\"></span>lects the fact that these inves<span class=\"_ _4\"></span>tments are to build product breadth and <span class=\"_ _4\"></span>to trial investment research be<span class=\"ls186\">fore marketing </span></div><div class=\"t m1 x1c8 h9b y2359 ff59 fs2e fcb sc0 ls186 ws0\">the products broadly to investors a<span class=\"_ _0\"></span>s part of Man Group\u2019s ordinary ope<span class=\"_ _0\"></span>rations or are otherwise held <span class=\"ls185\">in c<span class=\"_ _0\"></span>onnection w<span class=\"_ _0\"></span>ith settling em<span class=\"_ _0\"></span>ployee </span></div><div class=\"t m1 x1c8 h9b y20aa ff59 fs2e fcb sc0 ls18c ws0\">remuneration and are no<span class=\"_ _0\"></span>t intended to be held as long<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls186\">term investments. </span></span><span class=\"ls0\"> </span></div></div><div class=\"c w27 hc1 gs1ad\"><div class=\"t m1 x1c8 h9b y236e ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y236f ff59 fs2e fcb sc0 ls180 ws0\">Dividend distr<span class=\"_ _4\"></span>ibutions to the <span class=\"_ _4\"></span>Company\u2019s shareholders<span class=\"_ _4\"></span> are recognised di<span class=\"_ _4\"></span>rectly within <span class=\"_ _4\"></span>equity in t<span class=\"ls184\">he peri<span class=\"_ _4\"></span>od in which the dividend i<span class=\"_ _4\"></span>s paid or, </span></div><div class=\"t m1 x1c8 h9b y20ac ff59 fs2e fcb sc0 ls186 ws0\">for final dividends, approved by the C<span class=\"_ _0\"></span>ompany\u2019s shareholders. Divid<span class=\"_ _0\"></span>ends are payable on the Com<span class=\"_ _0\"></span>pany\u2019s ordinary shares.<span class=\"ls0\"> </span></div></div><div class=\"c w26 hc2 gs1b0\"><div class=\"t m1 x1c8 h9b y2374 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2375 ff59 fs2e fcd sc0 ls18a ws0\">Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y2376 ff59 fs2e fcb sc0 ls0 ws0\">F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span></div><div class=\"t m1 x1c8 h9b y2377 ff59 fs2e fcb sc0 ls186 ws0\">through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2378 ff59 fs2e fcd sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2379 ff59 fs2e fcb sc0 ls19f ws0\">We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span></div><div class=\"t m1 x1c8 h9b y237a ff59 fs2e fcb sc0 ls183 ws0\">on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span></div><div class=\"t m1 x1c8 h9b y237b ff59 fs2e fcb sc0 ls18c ws0\">receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div><div class=\"t m1 x1c8 h9b y237c ff59 fs2e fcd sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y237d ff59 fs2e fcb sc0 ls17d ws0\">Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span></div><div class=\"t m1 x1c8 hc3 y237e ff59 fs2e fcb sc0 ls18e ws0\">combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition </div><div class=\"t m1 x1c8 h9b y237f ff59 fs2e fcb sc0 ls183 ws0\">of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2380 ff59 fs2e fcd sc0 ls18d ws0\">Fair value hierarchy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2381 ff59 fs2e fcb sc0 ls19f ws0\">We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2382 ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span></div><div class=\"t m1 x1c8 h9b y2383 ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span></div><div class=\"t m1 x1c5 h9b y2384 ff59 fs2e fcb sc0 ls184 ws0\">prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span></div><div class=\"t m1 x1c8 h9b y2385 ff6a fs2e fcb sc0 ls0 ws0\">\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span></div><div class=\"t m1 x1c8 h9b y2386 ff59 fs2e fcb sc0 ls183 ws0\">The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span></div><div class=\"t m1 x1c8 h9b y2387 ff59 fs2e fcb sc0 ls185 ws0\">liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span></div><div class=\"t m1 x1c8 h9b y2388 ff59 fs2e fcb sc0 ls184 ws0\">primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span></div><div class=\"t m1 x1c8 h9b y2389 ff59 fs2e fcb sc0 ls185 ws0\">information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span></div><div class=\"t m1 x1c8 h9b y238a ff59 fs2e fcb sc0 ls18e ws0\">valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span></div><div class=\"t m1 x1c8 h9b y217d ff59 fs2e fcb sc0 ls183 ws0\">The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y217e ff59 fs2e fcb sc0 ls199 ws0\">sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span></div><div class=\"t m1 x1c8 h9b y217f ff59 fs2e fcb sc0 ls18e ws0\">adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span></div><div class=\"t m1 x1c8 h9b y2180 ff59 fs2e fcb sc0 ls18e ws0\">classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m1 x1c8 h9b y238b ff59 fs2e fcb sc0 ls199 ws0\">spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span></div><div class=\"t m1 x1c8 h9b y2358 ff59 fs2e fcb sc0 ls183 ws0\">Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2359 ff59 fs2e fcb sc0 ls186 ws0\">trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span></div><div class=\"t m1 x1c8 h9b y20aa ff59 fs2e fcb sc0 ls199 ws0\">sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span><span class=\"ls0\"><span class=\"ls188\"><span class=\"ls0\"><span class=\"fcc\"> </span></span></span></span></div></div><div class=\"c w26 hc5 gs215\"><div class=\"t m1 x1c8 h9b y240e ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y240f ff59 fs2e fcd sc0 ls197 ws0\">Equity<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments</span> </span></div><div class=\"t m1 x1c8 h9b y2410 ff59 fs2e fcb sc0 ls17a ws0\">Man Group ope<span class=\"_ _4\"></span>rates equity<span class=\"_ _4\"></span><span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment schemes which are remuneration payments to sel<span class=\"_ _4\"></span>ected employees that take </span></span></div><div class=\"t m1 x1c8 h9b y2411 ff59 fs2e fcb sc0 ls186 ws0\">the form of an award of shares in th<span class=\"_ _0\"></span>e Company. These typica<span class=\"_ _0\"></span>lly vest over t<span class=\"ls184\">hree to five years, although <span class=\"_ _4\"></span>conditions vary between different<span class=\"_ _4\"></span> </span></div><div class=\"t m1 x1c8 h9b y2412 ff59 fs2e fcb sc0 ls186 ws0\">types of award. The fair value of the e<span class=\"_ _0\"></span>mployee services received<span class=\"_ _0\"></span> in exchange for the share awa<span class=\"_ _0\"></span>rds/options granted is recognis<span class=\"ls188\">ed as an </span></div><div class=\"t m1 x1c8 h9b y2413 ff59 fs2e fcb sc0 ls188 ws0\">expense, with the corresponding credit<span class=\"_ _4\"></span> recognised in equity<span class=\"ls190\">, and is determined by<span class=\"_ _0\"></span> reference to th<span class=\"_ _0\"></span>e fair value of the<span class=\"_ _0\"></span> share </span></div><div class=\"t m1 x1c8 h9b y2414 ff59 fs2e fcb sc0 ls18e ws0\">awards/options at grant date. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2415 ff59 fs2e fcb sc0 ls19f ws0\">We calcula<span class=\"_ _4\"></span>te the fai<span class=\"_ _4\"></span>r value of<span class=\"_ _4\"></span> share opti<span class=\"_ _4\"></span>ons using t<span class=\"_ _4\"></span>he Black<span class=\"ls0\">-<span class=\"ls179\">Scholes val<span class=\"_ _4\"></span>uation model, which takes i<span class=\"_ _4\"></span>nto account the effect of<span class=\"_ _4\"></span> both </span></span></div><div class=\"t m1 x1c8 h9b y2416 ff59 fs2e fcb sc0 ls186 ws0\">financial and demographic a<span class=\"_ _0\"></span>ssum<span class=\"ls184\">ptions. Forfeiture and early <span class=\"_ _4\"></span>vesting assumptions are based on hi<span class=\"_ _4\"></span>storical observable data.<span class=\"_ _4\"></span> Changes </span></div><div class=\"t m1 x1c8 h9b y2417 ff59 fs2e fcb sc0 ls186 ws0\">to<span class=\"ls0\"> </span>the original estimates, if any, are includ<span class=\"_ _0\"></span>ed in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">, with a correspon<span class=\"_ _0\"></span>ding adjustm<span class=\"_ _0\"></span>ent to equity.</span></span> </span></div><div class=\"t m1 x1c8 h9b y2418 ff59 fs2e fcd sc0 ls18a ws0\">Cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based paym<span class=\"ls188\">ents</span></span> </span></div><div class=\"t m1 x1c8 h9b y2419 ff59 fs2e fcb sc0 ls17d ws0\">Put options on the <span class=\"_ _4\"></span>interests in subsi<span class=\"_ _4\"></span>diaries held by employ<span class=\"_ _4\"></span>ees<span class=\"ls190\">, and their pro<span class=\"_ _0\"></span>portionate sha<span class=\"_ _0\"></span>re of the profits o<span class=\"_ _0\"></span>f those subsid<span class=\"_ _0\"></span>iaries,<span class=\"ls0\"> <span class=\"ls17a\">which </span></span></span></div><div class=\"t m1 x1c8 h9b y241a ff59 fs2e fcb sc0 ls18e ws0\">can be forfeited should they become \u2018bad <span class=\"_ _4\"></span>leavers\u2019 are accounted for as cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments. Cash</span>-<span class=\"ls199\">se<span class=\"ls186\">ttled share</span></span>-<span class=\"ls17f\">based </span></span></div><div class=\"t m1 x1c8 h9b y241b ff59 fs2e fcb sc0 ls184 ws0\">payments are measured at fair <span class=\"_ _4\"></span>value on grant date<span class=\"ls0\"> <span class=\"ls18e\">and recognised as an <span class=\"_ _4\"></span>employment<span class=\"ls0\">-<span class=\"ls18c\">related expen<span class=\"_ _0\"></span>se in the </span>c<span class=\"ls183\">onsolidated income </span></span></span></span></div><div class=\"t m1 x1c8 h9b y241c ff59 fs2e fcb sc0 ls199 ws0\">statement<span class=\"ls0\"> <span class=\"ls183\">over the relevant service period. <span class=\"_ _4\"></span>They are remeasured to fair value<span class=\"ls0\"> <span class=\"ls18e\">at <span class=\"_ _4\"></span>each reporting date, with the change in fai<span class=\"_ _4\"></span>r value </span></span></span></span></div><div class=\"t m1 x1c8 h9b y241d ff59 fs2e fcb sc0 ls18c ws0\">recognised as <span class=\"ls183\">other <span class=\"ls188\">employment<span class=\"ls0\">-</span></span></span>related expen<span class=\"_ _0\"></span>ses in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">. The credit <span class=\"ls188\">entry</span></span></span> <span class=\"ls185\">is reco<span class=\"_ _0\"></span>gnised as a liab<span class=\"_ _0\"></span>ility </span></span></div><div class=\"t m1 x1c8 h9b y241e ff59 fs2e fcb sc0 ls185 ws0\">in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated balance sheet</span>.</span><span class=\"ls0\"> </span></div></div><div class=\"c w27 hc8 gs230\"><div class=\"t m1 x1c8 h9b y2441 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2442 ff59 fs2e fcb sc0 ls180 ws0\">Disclosure of <span class=\"_ _4\"></span>revenue by geographic <span class=\"_ _4\"></span>location is bas<span class=\"_ _4\"></span>ed on the register<span class=\"_ _4\"></span>ed domicile of t<span class=\"_ _4\"></span>he fund entity or<span class=\"_ _4\"></span> managed account paying<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">our fees. </span> </span></div><div class=\"t m1 x1c8 h9b y2358 ff59 fs2e fcb sc0 ls182 ws0\">Non<span class=\"ls0\">-<span class=\"ls18e\">current assets are allocated based <span class=\"_ _4\"></span>on where th<span class=\"ls188\">e assets are located and include goodwil<span class=\"_ _4\"></span>l and acquired intangible<span class=\"ls0\">s<span class=\"ls190\">, <span class=\"ls199\">software</span></span> </span></span></span></span></div><div class=\"t m1 x1c8 h9b y2359 ff59 fs2e fcb sc0 ls185 ws0\">intangible<span class=\"ls0\"> <span class=\"ls18e\">asset<span class=\"ls199\">s, leasehold improvements and equipment, and right</span></span>-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets. For goodwill and other ac<span class=\"_ _4\"></span>quired intangible<span class=\"ls0\">s<span class=\"ls190\">, </span></span></span></span></div><div class=\"t m1 x1c8 h9b y20aa ff59 fs2e fcb sc0 ls17a ws0\">we consider <span class=\"_ _4\"></span>that the l<span class=\"_ _4\"></span>ocation of <span class=\"_ _4\"></span>the intangi<span class=\"_ _4\"></span>bl<span class=\"ls188\">es is best reflect<span class=\"_ _4\"></span>ed by the location of the indivi<span class=\"_ _4\"></span>duals managing those assets.</span><span class=\"ls188\"> </span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></div><div class=\"c w27 hc1 gs234\"><div class=\"t m1 x1c8 h9b y2264 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2447 ff59 fs2e fcb sc0 ls18f ws0\">Related parties <span class=\"_ _4\"></span>comprise key management perso<span class=\"_ _4\"></span>nnel, associates and <span class=\"_ _4\"></span>fund entities which<span class=\"_ _4\"></span> we are deemed to contr<span class=\"_ _4\"></span>ol. All transact<span class=\"_ _4\"></span>i<span class=\"ls183\">ons with </span></div><div class=\"t m1 x1c8 h9b y2448 ff59 fs2e fcb sc0 ls18c ws0\">related parties were carried out on<span class=\"_ _0\"></span> an arm\u2019s<span class=\"ls0\">-<span class=\"ls185\">length<span class=\"_ _0\"></span> basis. </span></span><span class=\"ls0\"> </span></div></div><div class=\"c w26 hcb gs23b\"><div class=\"t m1 x1c8 h9b y2454 ff5b fs2e fcd sc0 ls193 ws0\">Accounting policy<span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2455 ff59 fs2e fcb sc0 ls19f ws0\">We have eva<span class=\"_ _4\"></span>luated all<span class=\"_ _4\"></span> exposures <span class=\"_ _4\"></span>and concluded <span class=\"_ _4\"></span>that where <span class=\"_ _4\"></span>we hold an i<span class=\"_ _4\"></span>nvestment, <span class=\"_ _4\"></span>fee receiv<span class=\"_ _4\"></span>able, <span class=\"ls18e\">accrued income, or commitment </span></div><div class=\"t m1 x1c8 h9b y2456 ff59 fs2e fcb sc0 ls17a ws0\">with<span class=\"ls0\"> <span class=\"ls18e\">an investment fund or a CLO, t<span class=\"_ _4\"></span>his represents an interest in a <span class=\"_ _4\"></span>structured entity as defined by IFRS 1<span class=\"_ _4\"></span>2 \u2018Disclosure of Interest<span class=\"ls199\">s in </span></span></span></div><div class=\"t m1 x1c8 h9b y2457 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> <span class=\"ls197\">Entities\u2019.</span> </span></div><div class=\"t m1 x1c8 h9b y2044 ff59 fs2e fcb sc0 ls198 ws0\">Investment fun<span class=\"_ _0\"></span>ds are designe<span class=\"_ _0\"></span>d so that their act<span class=\"_ _0\"></span>ivities are not gov<span class=\"_ _0\"></span>erned by<span class=\"ls0\"> <span class=\"ls17a\">way of voting righ<span class=\"_ _4\"></span>ts, and cont<span class=\"_ _4\"></span>ractual ar<span class=\"_ _4\"></span>rangements are<span class=\"_ _4\"></span> the </span></span></div><div class=\"t m1 x1c8 h9b y2045 ff59 fs2e fcb sc0 ls17f ws0\">dominant factor in affecti<span class=\"_ _4\"></span>ng an investor\u2019s returns. The <span class=\"_ _4\"></span>activities of these entit<span class=\"_ _4\"></span>ies are governed by investment management ag<span class=\"_ _4\"></span><span class=\"ls18c\">reements </span></div><div class=\"t m1 x1c8 h9b y2458 ff59 fs2e fcb sc0 ls183 ws0\">or, in the case of CLOs, <span class=\"_ _4\"></span>indentures. <span class=\"ls0\"> </span></div><div class=\"t m1 x1c8 h9b y2047 ff59 fs2e fcb sc0 ls18b ws0\">Our maximum exposure t<span class=\"_ _4\"></span>o <span class=\"ls185\">loss from unc<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tructured entitie<span class=\"_ _0\"></span>s is the sum to<span class=\"_ _0\"></span>tal of any inves<span class=\"_ _0\"></span>tment held, fe<span class=\"_ _0\"></span>e receivables a<span class=\"_ _0\"></span>nd </span></div><div class=\"t m1 x1c8 h9b y2048 ff59 fs2e fcb sc0 ls18e ws0\">accrued<span class=\"ls0\"> <span class=\"ls185\">income.</span></span><span class=\"ls0\"><span class=\"ls185\"> </span></span><span class=\"ls0\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "The audited consolidated financial<span class=\"_ _4\"></span> information has been prepared in accor<span class=\"_ _4\"></span>dance with International Financial <span class=\"_ _4\"></span>Reporting Standar<span class=\"ls17f\">ds (IFRSs) and </span>interpretations<span class=\"_ _0\"></span> (IFRICs) as ado<span class=\"_ _0\"></span>pted by the U<span class=\"_ _0\"></span><span class=\"ls197\">nited Kingdom.</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "Man Group plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls182 ws0 gs4\">Consolidation<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs5\">The consolidated group is the <span class=\"_ _4\"></span>Company and its subsidiaries (together <span class=\"_ _4\"></span>M<span class=\"ls18e\">an Group). The consolidated financial statements ar<span class=\"_ _4\"></span>e presented </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs6\">in<span class=\"ls0\"> <span class=\"ls193\">United States dol<span class=\"_ _4\"></span>lars (USD), t<span class=\"_ _4\"></span>he Company\u2019s functi<span class=\"_ _4\"></span>onal currency,<span class=\"_ _4\"></span> as the majorit<span class=\"_ _4\"></span>y of our revenue<span class=\"_ _4\"></span>s, assets, l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>and fina<span class=\"ls197\">ncing are </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs7\">denominated in USD.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs8\">Monetary ass<span class=\"_ _4\"></span>ets and li<span class=\"_ _4\"></span>abilities<span class=\"_ _4\"></span> den<span class=\"ls183\">ominated in foreign currenci<span class=\"_ _4\"></span>es are translated at the spot <span class=\"_ _4\"></span>rate on each balance sheet date. Non<span class=\"ls0\">-<span class=\"ls19b\">monet<span class=\"_ _4\"></span>ary </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs9\">items carried a<span class=\"_ _0\"></span>t fair value that ar<span class=\"_ _0\"></span>e denominat<span class=\"_ _0\"></span>ed in foreign cu<span class=\"_ _0\"></span>rrencies are tra<span class=\"_ _0\"></span>nslated at the r<span class=\"_ _0\"></span>ates prevailing<span class=\"_ _0\"></span> at the date wh<span class=\"_ _0\"></span>e<span class=\"ls197\">n the fair value </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gsa\">was determ<span class=\"ls185\">ined. Non<span class=\"ls0\">-<span class=\"ls19b\">monetary i<span class=\"_ _4\"></span>tems that<span class=\"_ _4\"></span> are measu<span class=\"_ _4\"></span>red at hi<span class=\"_ _4\"></span>storical<span class=\"_ _4\"></span> cost i<span class=\"_ _4\"></span>n a forei<span class=\"_ _4\"></span>gn curre<span class=\"_ _4\"></span>ncy are no<span class=\"_ _4\"></span>t retran<span class=\"_ _4\"></span>slated. <span class=\"_ _4\"></span>Transacti<span class=\"_ _4\"></span>ons </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gsb\">denominated in foreign currenci<span class=\"_ _4\"></span>es are converted at the spot rate <span class=\"_ _4\"></span>at the date of the transaction <span class=\"_ _4\"></span>or, if appropriate, the <span class=\"_ _4\"></span>avera<span class=\"ls184\">ge rate for <span class=\"_ _4\"></span><span class=\"ls186\">the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gsc\">month in <span class=\"_ _4\"></span>which the<span class=\"_ _4\"></span> transact<span class=\"_ _4\"></span>ion occur<span class=\"_ _4\"></span>s. The r<span class=\"_ _4\"></span>esulting <span class=\"_ _4\"></span>exchange d<span class=\"_ _4\"></span>ifference<span class=\"_ _4\"></span>s are rec<span class=\"_ _4\"></span>ognised i<span class=\"_ _4\"></span>n the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>income statement<span class=\"ls0\">. </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gsd\">For consolidated entities<span class=\"_ _4\"></span> that have a functional currency <span class=\"_ _4\"></span>other than USD, the assets and li<span class=\"_ _4\"></span>abilities are translat<span class=\"_ _4\"></span>ed into USD <span class=\"ls18e\">at the spot rate on </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gse\">the <span class=\"ls17f\">balance sheet date. Income and expenses ar<span class=\"_ _4\"></span>e translated at the average rate <span class=\"_ _4\"></span>for the period in which the <span class=\"_ _4\"></span>tran<span class=\"ls199\">sactions occur. The resulting </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gsf\">exchange differences between these rates ar<span class=\"_ _4\"></span>e recorded in other comprehensive income.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs10\">We apply ne<span class=\"_ _4\"></span>t investment<span class=\"_ _4\"></span> hedge accoun<span class=\"_ _4\"></span>ting to the<span class=\"_ _4\"></span> net assets<span class=\"_ _4\"></span> of materia<span class=\"_ _4\"></span>l subsidia<span class=\"_ _4\"></span>ries that <span class=\"_ _4\"></span>have a funct<span class=\"_ _4\"></span>ional curr<span class=\"_ _4\"></span>ency other <span class=\"_ _4\"></span>tha<span class=\"ls197\">n USD. Gains </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs11\">or <span class=\"ls185\">losses on derivat<span class=\"_ _0\"></span>ives are recycle<span class=\"_ _0\"></span>d from the con<span class=\"_ _0\"></span>solidated inco<span class=\"_ _0\"></span>me stateme<span class=\"_ _0\"></span>nt through oth<span class=\"_ _0\"></span>er compreh<span class=\"_ _0\"></span>ensive incom<span class=\"_ _0\"></span>e in the foreign<span class=\"_ _0\"></span> c<span class=\"ls184\">urrency </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs12\">translation reserve in equity to offset the im<span class=\"_ _0\"></span>pact of any currency translation<span class=\"_ _0\"></span> of the net assets of these subsidiaries. Th<span class=\"_ _0\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">accumulated gains </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs13\">or losses are recycled to <span class=\"_ _4\"></span>the consolidated income statement on disposal<span class=\"_ _4\"></span> of the related subsidiary.<span class=\"_ _1bd\"> </span><span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs14\">The consolidated financial i<span class=\"_ _4\"></span>nformation contained within these financi<span class=\"_ _4\"></span>al statements incorporates our resul<span class=\"_ _4\"></span>ts, cash flows and f<span class=\"ls185\">inancial posi<span class=\"ls186\">tion </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs15\">and includes our share of the resul<span class=\"_ _4\"></span>ts of any associates and joint vent<span class=\"_ _4\"></span>ures using the equity method of accounting. Subsidiari<span class=\"_ _4\"></span>e<span class=\"ls199\">s are entities we </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs16\">control (including certain str<span class=\"_ _4\"></span>uctured entities, as defined by I<span class=\"_ _4\"></span>FRS 12 \u2018Disclosure of Interests i<span class=\"_ _4\"></span>n Other Enti<span class=\"ls186\">ties\u2019) and are consolidated from the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs17\">date on which control is <span class=\"_ _4\"></span>transferred to us until t<span class=\"_ _4\"></span>he date that control ceases. Control<span class=\"_ _4\"></span> exists when we have the power to di<span class=\"_ _4\"></span>rec<span class=\"ls186\">t the relevant </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs18\">activities, exposure to si<span class=\"_ _4\"></span>gnificant variable returns and the abi<span class=\"_ _4\"></span>lity to utilise<span class=\"ls0\"> <span class=\"ls184\">power to affect<span class=\"_ _4\"></span> those returns.</span></span><span class=\"ls0\"><span class=\"ls184\"> All int<span class=\"_ _4\"></span>ercompany transactions and </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs19\">balances are eliminated on consol<span class=\"_ _4\"></span>idation. Although the Employee Tr<span class=\"_ _4\"></span>ust has independent trustees and it<span class=\"_ _4\"></span>s assets are held separa<span class=\"ls186\">tely, it i<span class=\"_ _4\"></span>s </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1a\">consolidated into the financial <span class=\"_ _4\"></span>statements given its <span class=\"ls197\">nature as a <span class=\"_ _4\"></span>structured entity which has <span class=\"_ _4\"></span>the obligation to deli<span class=\"_ _4\"></span>ver deferred compensation </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1b\">awards to our employees.<span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "The consolidated financial statements ar<span class=\"_ _4\"></span>e presented in<span class=\"ls0\"> <span class=\"ls193\">United States dol<span class=\"_ _4\"></span>lars (USD), t<span class=\"_ _4\"></span>he Company\u2019s functi<span class=\"_ _4\"></span>onal currency,<span class=\"_ _4\"></span> as the majorit<span class=\"_ _4\"></span>y of our revenue<span class=\"_ _4\"></span>s, assets, l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>and fina<span class=\"ls197\">ncing are </span></span></span>denominated in USD.<span class=\"_ _1bd\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "Monetary ass<span class=\"_ _4\"></span>ets and li<span class=\"_ _4\"></span>abilities<span class=\"_ _4\"></span> den<span class=\"ls183\">ominated in foreign currenci<span class=\"_ _4\"></span>es are translated at the spot <span class=\"_ _4\"></span>rate on each balance sheet date. Non<span class=\"ls0\">-<span class=\"ls19b\">monet<span class=\"_ _4\"></span>ary </span></span></span>items carried a<span class=\"_ _0\"></span>t fair value that ar<span class=\"_ _0\"></span>e denominat<span class=\"_ _0\"></span>ed in foreign cu<span class=\"_ _0\"></span>rrencies are tra<span class=\"_ _0\"></span>nslated at the r<span class=\"_ _0\"></span>ates prevailing<span class=\"_ _0\"></span> at the date wh<span class=\"_ _0\"></span>e<span class=\"ls197\">n the fair value </span>was determ<span class=\"ls185\">ined. Non<span class=\"ls0\">-<span class=\"ls19b\">monetary i<span class=\"_ _4\"></span>tems that<span class=\"_ _4\"></span> are measu<span class=\"_ _4\"></span>red at hi<span class=\"_ _4\"></span>storical<span class=\"_ _4\"></span> cost i<span class=\"_ _4\"></span>n a forei<span class=\"_ _4\"></span>gn curre<span class=\"_ _4\"></span>ncy are no<span class=\"_ _4\"></span>t retran<span class=\"_ _4\"></span>slated. <span class=\"_ _4\"></span>Transacti<span class=\"_ _4\"></span>ons </span></span></span>denominated in foreign currenci<span class=\"_ _4\"></span>es are converted at the spot rate <span class=\"_ _4\"></span>at the date of the transaction <span class=\"_ _4\"></span>or, if appropriate, the <span class=\"_ _4\"></span>avera<span class=\"ls184\">ge rate for <span class=\"_ _4\"></span><span class=\"ls186\">the </span></span>month in <span class=\"_ _4\"></span>which the<span class=\"_ _4\"></span> transact<span class=\"_ _4\"></span>ion occur<span class=\"_ _4\"></span>s. The r<span class=\"_ _4\"></span>esulting <span class=\"_ _4\"></span>exchange d<span class=\"_ _4\"></span>ifference<span class=\"_ _4\"></span>s are rec<span class=\"_ _4\"></span>ognised i<span class=\"_ _4\"></span>n the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>income statement<span class=\"ls0\">. </span></span></span>For consolidated entities<span class=\"_ _4\"></span> that have a functional currency <span class=\"_ _4\"></span>other than USD, the assets and li<span class=\"_ _4\"></span>abilities are translat<span class=\"_ _4\"></span>ed into USD <span class=\"ls18e\">at the spot rate on </span>the <span class=\"ls17f\">balance sheet date. Income and expenses ar<span class=\"_ _4\"></span>e translated at the average rate <span class=\"_ _4\"></span>for the period in which the <span class=\"_ _4\"></span>tran<span class=\"ls199\">sactions occur. The resulting </span></span>exchange differences between these rates ar<span class=\"_ _4\"></span>e recorded in other comprehensive income.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "We apply ne<span class=\"_ _4\"></span>t investment<span class=\"_ _4\"></span> hedge accoun<span class=\"_ _4\"></span>ting to the<span class=\"_ _4\"></span> net assets<span class=\"_ _4\"></span> of materia<span class=\"_ _4\"></span>l subsidia<span class=\"_ _4\"></span>ries that <span class=\"_ _4\"></span>have a funct<span class=\"_ _4\"></span>ional curr<span class=\"_ _4\"></span>ency other <span class=\"_ _4\"></span>tha<span class=\"ls197\">n USD. Gains </span>or <span class=\"ls185\">losses on derivat<span class=\"_ _0\"></span>ives are recycle<span class=\"_ _0\"></span>d from the con<span class=\"_ _0\"></span>solidated inco<span class=\"_ _0\"></span>me stateme<span class=\"_ _0\"></span>nt through oth<span class=\"_ _0\"></span>er compreh<span class=\"_ _0\"></span>ensive incom<span class=\"_ _0\"></span>e in the foreign<span class=\"_ _0\"></span> c<span class=\"ls184\">urrency </span></span>translation reserve in equity to offset the im<span class=\"_ _0\"></span>pact of any currency translation<span class=\"_ _0\"></span> of the net assets of these subsidiaries. Th<span class=\"_ _0\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">accumulated gains </span></span>or losses are recycled to <span class=\"_ _4\"></span>the consolidated income statement on disposal<span class=\"_ _4\"></span> of the related subsidiary.<span class=\"_ _1bd\"> </span>Hedge accounting<span class=\"ls0\"> </span>We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span>losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span>consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span>income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Subsidiari<span class=\"_ _4\"></span>e<span class=\"ls199\">s are entities we </span>control (including certain str<span class=\"_ _4\"></span>uctured entities, as defined by I<span class=\"_ _4\"></span>FRS 12 \u2018Disclosure of Interests i<span class=\"_ _4\"></span>n Other Enti<span class=\"ls186\">ties\u2019) and are consolidated from the </span>date on which control is <span class=\"_ _4\"></span>transferred to us until t<span class=\"_ _4\"></span>he date that control ceases. Control<span class=\"_ _4\"></span> exists when we have the power to di<span class=\"_ _4\"></span>rec<span class=\"ls186\">t the relevant </span>activities, exposure to si<span class=\"_ _4\"></span>gnificant variable returns and the abi<span class=\"_ _4\"></span>lity to utilise<span class=\"ls0\"> <span class=\"ls184\">power to affect<span class=\"_ _4\"></span> those returns.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls182 ws0 gs1d\">Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs1e\">Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1f\">consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs20\">liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs21\">identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs22\">of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs23\">acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs24\">recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls182 ws0 gs25\">Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs26\">acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls197 ws0 gs27\">non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs28\">against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs29\">of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs2a\">obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span><span class=\"ls190\"> <span class=\"ls0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span>Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span>consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span>liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span>identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span>of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span>acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span>recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span>Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span>Goodwill<span class=\"ls0\"> </span>Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span>fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span>sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span>annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span>recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span>Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span>of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span>goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span>The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span>from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span>calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span>The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span>have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span>performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span>with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span>manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span>of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span>management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span>available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "Business combinati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span>Man Group <span class=\"ls184\">us<span class=\"ls188\">es<span class=\"ls0\"> <span class=\"ls186\">the acquisition method</span> <span class=\"ls186\">to recognise acquired busine<span class=\"_ _0\"></span>sses</span> <span class=\"ls186\">from the date on wh<span class=\"_ _0\"></span>ich we obtain control of the ac</span></span></span>quiree. The </span>consideration transferred in<span class=\"ls0\"> </span>an acquisiti<span class=\"_ _4\"></span>on is measured a<span class=\"ls0\">t <span class=\"ls186\">the fair value of the </span></span>assets transferred, <span class=\"ls185\">including any con<span class=\"_ _0\"></span>tingent cons<span class=\"_ _0\"></span>ideration, the </span>liabilities incurred<span class=\"_ _0\"></span><span class=\"ls0\">, <span class=\"ls18e\">and any <span class=\"ls188\">equity instruments issued. The fai<span class=\"_ _4\"></span>r value of <span class=\"ls186\">the business<span class=\"ls0\"> <span class=\"ls18e\">acqui<span class=\"ls18c\">red</span></span> <span class=\"ls185\">is</span> <span class=\"ls19b\">measured at</span> </span>the fair value of the <span class=\"ls18e\">acquiree\u2019s </span></span></span></span></span>identifiable ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> at that date. <span class=\"ls18b\">Goodwill is measured as the ex<span class=\"_ _4\"></span>cess of the sum of <span class=\"_ _4\"></span>the consideration <span class=\"_ _4\"></span>transferred and t<span class=\"_ _4\"></span>he amount </span>of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in <span class=\"_ _4\"></span>the acquiree over the net of t<span class=\"ls184\">he amounts of<span class=\"_ _4\"></span> the identifiable asset<span class=\"_ _4\"></span>s acquired and liabili<span class=\"_ _4\"></span>ties assumed<span class=\"ls0\"> <span class=\"ls18e\">at the </span></span></span></span></span>acquisition date<span class=\"ls190\">. <span class=\"ls181\">Acquisiti<span class=\"_ _4\"></span>on<span class=\"ls0\">-<span class=\"ls18c\">related c<span class=\"ls183\">osts are recognised <span class=\"ls185\">in</span></span></span> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls18e\">as incurred. Any contingent consider<span class=\"_ _4\"></span>ation is </span></span></span></span>recognised at fair value at the acqu<span class=\"_ _0\"></span>i<span class=\"ls199\">sition date, with subsequent changes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">fair value recognised in the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span></span>Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "Non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests in subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span>are measured <span class=\"ls188\">either </span>at fair value<span class=\"ls0\"> <span class=\"ls183\">or <span class=\"_ _4\"></span>at the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest\u2019s proporti<span class=\"_ _4\"></span>onate share of the </span></span></span></span></span></span>acquiree\u2019s ident<span class=\"ls185\">ifiable net assets<span class=\"ls0\"> <span class=\"ls183\">on a case</span>-<span class=\"ls17f\">by</span>-</span></span>case basis<span class=\"ls0\">. <span class=\"ls198\">Im<span class=\"_ _0\"></span>material non</span>-<span class=\"_ _0\"></span></span>controlling interests may not be di<span class=\"_ _4\"></span>sclosed<span class=\"ls0\"> <span class=\"ls199\">separately<span class=\"ls190\">, with the </span></span></span>non<span class=\"ls0\">-<span class=\"ls18e\">controlling interest <span class=\"ls185\">in</span></span> <span class=\"ls18e\">consolidated profit<span class=\"_ _4\"></span>s deducted from statutory profit befor<span class=\"_ _4\"></span>e tax within other costs and share of <span class=\"_ _4\"></span>equity offset </span></span>against the profit and loss account<span class=\"ls190\">. <span class=\"ls17d\">Put<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">option<span class=\"ls199\">s <span class=\"ls184\">held by third parties<span class=\"_ _4\"></span> <span class=\"ls183\">over<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling interest<span class=\"ls199\">s </span>are measured at the pr<span class=\"_ _4\"></span>esent value </span></span></span></span></span></span></span></span></span>of<span class=\"ls0\"> t<span class=\"ls184\">he expected redemption amount</span> <span class=\"ls18e\">and are</span> <span class=\"ls18e\">classified as</span> a <span class=\"ls186\">financial <span class=\"ls185\">liability</span></span> <span class=\"ls18e\">as there is no unavoidable ri<span class=\"_ _4\"></span>ght to defer settlement of the </span></span>obligation<span class=\"ls190\">.<span class=\"_ _1bd\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls193 ws0 gs2c\">Operating s<span class=\"ls17f\">egment<span class=\"ls0\">s </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs2d\">T<span class=\"ls1a0\">he Chief Operating Deci<span class=\"_ _4\"></span>sion Maker (CODM) has been identif<span class=\"_ _4\"></span>ied as the Man Group Board<span class=\"ls0\"> <span class=\"_ _4\"></span>(<span class=\"ls1a1\">the</span> <span class=\"ls1a2\">Board)</span> <span class=\"_ _4\"></span><span class=\"ls1a3\">as <span class=\"ls1a4\">Man Group\u2019s <span class=\"_ _4\"></span><span class=\"ls1a5\">key decision<span class=\"ls0\">-<span class=\"ls1a6\">making <span class=\"_ _4\"></span>body<span class=\"ls1a7\">. <span class=\"ls0\"> </span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs2e\">Management in<span class=\"_ _4\"></span>formation reg<span class=\"_ _4\"></span>arding revenu<span class=\"_ _4\"></span>es, net manag<span class=\"_ _4\"></span>ement fee margi<span class=\"_ _4\"></span>ns and inve<span class=\"_ _4\"></span>stment performa<span class=\"_ _4\"></span>nce relevant<span class=\"_ _4\"></span> to the oper<span class=\"_ _4\"></span>ation of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs2f\">investment m<span class=\"_ _0\"></span>anagers, pro<span class=\"_ _0\"></span>ducts and th<span class=\"_ _0\"></span>e investor base<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> by the Board<span class=\"_ _0\"></span><span class=\"ls190\">. A centralise<span class=\"_ _0\"></span>d shared infras<span class=\"_ _0\"></span>tructure for ope<span class=\"_ _0\"></span>rations, produ<span class=\"_ _0\"></span>ct </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gs30\">structuring, distribution and support functions for our investment management business means that operating costs are not all<span class=\"_ _4\"></span><span class=\"ls183\">ocated to <span class=\"ls185\">its </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs31\">constituent parts. <span class=\"ls181\">As<span class=\"ls0\"> </span></span>a result, <span class=\"_ _4\"></span>performance is assessed<span class=\"ls190\">, resources are alloc<span class=\"_ _0\"></span>ated, and othe<span class=\"_ _0\"></span>r strategic and f<span class=\"_ _0\"></span>inancial mana<span class=\"_ _0\"></span>gement dec<span class=\"_ _0\"></span>isions are </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs32\">determined by the Board<span class=\"ls190\">, considering<span class=\"ls0\"> <span class=\"ls183\">our investment management business as a whole. Accordingl<span class=\"_ _4\"></span>y, we operate and report the investment </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs33\">management <span class=\"_ _4\"></span>business <span class=\"_ _4\"></span>as a sin<span class=\"_ _4\"></span>gle segm<span class=\"ls188\">ent<span class=\"ls0\">. R</span>elevant information r<span class=\"_ _4\"></span>egarding AUM<span class=\"ls0\">, <span class=\"ls186\">flows and net <span class=\"ls19b\">management fee ma<span class=\"_ _4\"></span>rgins al<span class=\"_ _4\"></span>low<span class=\"ls0\">s <span class=\"ls186\">for analysis </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs34\">of the direct contributi<span class=\"_ _4\"></span>on of products and the respective i<span class=\"_ _4\"></span>nvestor base.<span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "Operating s<span class=\"ls17f\">egment<span class=\"ls0\">s </span></span>T<span class=\"ls1a0\">he Chief Operating Deci<span class=\"_ _4\"></span>sion Maker (CODM) has been identif<span class=\"_ _4\"></span>ied as the Man Group Board<span class=\"ls0\"> <span class=\"_ _4\"></span>(<span class=\"ls1a1\">the</span> <span class=\"ls1a2\">Board)</span> <span class=\"_ _4\"></span><span class=\"ls1a3\">as <span class=\"ls1a4\">Man Group\u2019s <span class=\"_ _4\"></span><span class=\"ls1a5\">key decision<span class=\"ls0\">-<span class=\"ls1a6\">making <span class=\"_ _4\"></span>body<span class=\"ls1a7\">. <span class=\"ls0\"> </span></span></span></span></span></span></span></span></span>Management in<span class=\"_ _4\"></span>formation reg<span class=\"_ _4\"></span>arding revenu<span class=\"_ _4\"></span>es, net manag<span class=\"_ _4\"></span>ement fee margi<span class=\"_ _4\"></span>ns and inve<span class=\"_ _4\"></span>stment performa<span class=\"_ _4\"></span>nce relevant<span class=\"_ _4\"></span> to the oper<span class=\"_ _4\"></span>ation of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the </span></span>investment m<span class=\"_ _0\"></span>anagers, pro<span class=\"_ _0\"></span>ducts and th<span class=\"_ _0\"></span>e investor base<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> by the Board<span class=\"_ _0\"></span><span class=\"ls190\">. A centralise<span class=\"_ _0\"></span>d shared infras<span class=\"_ _0\"></span>tructure for ope<span class=\"_ _0\"></span>rations, produ<span class=\"_ _0\"></span>ct </span>structuring, distribution and support functions for our investment management business means that operating costs are not all<span class=\"_ _4\"></span><span class=\"ls183\">ocated to <span class=\"ls185\">its </span></span>constituent parts. <span class=\"ls181\">As<span class=\"ls0\"> </span></span>a result, <span class=\"_ _4\"></span>performance is assessed<span class=\"ls190\">, resources are alloc<span class=\"_ _0\"></span>ated, and othe<span class=\"_ _0\"></span>r strategic and f<span class=\"_ _0\"></span>inancial mana<span class=\"_ _0\"></span>gement dec<span class=\"_ _0\"></span>isions are </span>determined by the Board<span class=\"ls190\">, considering<span class=\"ls0\"> <span class=\"ls183\">our investment management business as a whole. Accordingl<span class=\"_ _4\"></span>y, we operate and report the investment </span></span></span>management <span class=\"_ _4\"></span>business <span class=\"_ _4\"></span>as a sin<span class=\"_ _4\"></span>gle segm<span class=\"ls188\">ent<span class=\"ls0\">. R</span>elevant information r<span class=\"_ _4\"></span>egarding AUM<span class=\"ls0\">, <span class=\"ls186\">flows and net <span class=\"ls19b\">management fee ma<span class=\"_ _4\"></span>rgins al<span class=\"_ _4\"></span>low<span class=\"ls0\">s <span class=\"ls186\">for analysis </span></span></span></span></span></span>of the direct contributi<span class=\"_ _4\"></span>on of products and the respective i<span class=\"_ _4\"></span>nvestor base.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Impact of new ac<span class=\"_ _0\"></span>counting stand<span class=\"_ _0\"></span>ards<span class=\"ls0\"> </span>There were <span class=\"ls197\">no new or amendments to exi<span class=\"_ _4\"></span>sting accounting standards i<span class=\"_ _4\"></span>ssued by the International<span class=\"_ _4\"></span> Accounting Standards Board (IASB)<span class=\"_ _4\"></span> </span>effective for the firs<span class=\"_ _4\"></span>t time in the year to 31 December 202<span class=\"ls0\">5 <span class=\"ls186\">that have had a significant impact on these <span class=\"ls18e\">consolidated</span></span> <span class=\"ls186\">financial state<span class=\"_ _0\"></span>ments.</span> </span>In November 2<span class=\"_ _0\"></span>023, the IASB is<span class=\"_ _0\"></span>sued an expos<span class=\"_ _0\"></span>ure draft (ED) on<span class=\"_ _0\"></span> Financial Instru<span class=\"_ _0\"></span>ments with Ch<span class=\"_ _0\"></span>aracteristics of E<span class=\"_ _0\"></span>quity, which imp<span class=\"_ _0\"></span>ac<span class=\"ls0\">ts <span class=\"ls186\">the </span></span>accounting for non<span class=\"ls0\">-</span>controlling interests over<span class=\"_ _4\"></span> which there is a put option. The ED r<span class=\"_ _4\"></span>equires non<span class=\"ls0\">-</span>controlling interests to be r<span class=\"ls188\">ecognised <span class=\"_ _4\"></span>and </span>measured b<span class=\"_ _4\"></span>ased on c<span class=\"_ _4\"></span>urrent ri<span class=\"_ _4\"></span>ghts asso<span class=\"_ _4\"></span>ciated wi<span class=\"_ _4\"></span>th an in<span class=\"_ _4\"></span>strument, <span class=\"_ _4\"></span>as well <span class=\"_ _4\"></span>as the r<span class=\"_ _4\"></span>ecognitio<span class=\"_ _4\"></span>n of a pu<span class=\"_ _4\"></span>t option <span class=\"_ _4\"></span>o<span class=\"ls18e\">ver<span class=\"ls0\"> </span>an entity\u2019s own shares at <span class=\"_ _4\"></span>the </span>present value of <span class=\"ls186\">the </span>gross sett<span class=\"_ _4\"></span>lement value. While the proposal<span class=\"_ _4\"></span>s have not had a material <span class=\"_ _4\"></span>impact on the <span class=\"ls18e\">consolidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> <span class=\"ls186\">to </span></span></span>date<span class=\"ls190\">, the impact cou<span class=\"_ _0\"></span>ld become m<span class=\"_ _0\"></span>ore material in th<span class=\"_ _0\"></span>e future <span class=\"ls199\">should<span class=\"ls0\"> <span class=\"ls186\">the valu<span class=\"_ _0\"></span>e of</span> <span class=\"ls197\">non</span>-<span class=\"ls18e\">controlling interests <span class=\"ls185\">increase</span></span></span></span>. <span class=\"ls183\">The IASB continues to </span></span>deliberate the feedback to t<span class=\"_ _4\"></span>he ED before deciding on the futur<span class=\"_ _4\"></span>e project direction.<span class=\"ls0\"> <span class=\"ls19f\">We <span class=\"_ _4\"></span>have contin<span class=\"_ _4\"></span>ued to apply<span class=\"_ _4\"></span> the requi<span class=\"_ _4\"></span>rements of t<span class=\"_ _4\"></span>he ED in </span></span>t<span class=\"ls184\">he absence of alternative gui<span class=\"_ _4\"></span>dance. <span class=\"ls0\"> </span></span>IFRS 18 \u2018Presen<span class=\"_ _0\"></span>tation <span class=\"ls18e\">and Disclosures in<span class=\"ls0\"> F<span class=\"ls185\">inancial </span>S<span class=\"ls186\">ta<span class=\"_ _0\"></span>tements\u2019 was issued in 2024 an<span class=\"_ _0\"></span>d is effective for accounting periods<span class=\"_ _0\"></span> commencing on </span></span></span>or<span class=\"ls0\"> <span class=\"ls18e\">after 1 Jan<span class=\"ls184\">uary 2027. </span></span>T<span class=\"ls184\">he appli<span class=\"_ _4\"></span>cation of<span class=\"ls0\"> <span class=\"ls198\">IFRS 18 <span class=\"ls17a\">will</span></span> </span>have an impact <span class=\"ls183\">on the consoli<span class=\"_ _4\"></span>dated financial statements<span class=\"ls0\"> <span class=\"ls186\">from a presentation and </span></span></span></span></span>disclosure perspective.<span class=\"ls0\"> </span>No other standar<span class=\"_ _4\"></span>ds or <span class=\"ls185\">interpretations<span class=\"ls0\"> </span>issu<span class=\"_ _0\"></span>ed and not y<span class=\"_ _0\"></span>et effective are e<span class=\"_ _0\"></span>xpected to ha<span class=\"_ _0\"></span>ve a material im<span class=\"_ _0\"></span>pact on <span class=\"_ _0\"></span><span class=\"ls186\">the <span class=\"ls18e\">consolidated<span class=\"ls0\"> </span></span></span></span>financial<span class=\"ls0\"> <span class=\"ls199\">statements.<span class=\"_ _1bd\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls1a9 ws0 gs46\">2. Going concern<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs47\">The preparation of the <span class=\"ls18e\">consolidat<span class=\"_ _4\"></span>ed<span class=\"ls0\"> <span class=\"ls186\">financial statements o<span class=\"_ _0\"></span>n a going concern basis is supporte<span class=\"_ _0\"></span>d by the forecast financial perform<span class=\"_ _0\"></span>ance and </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs48\">capital and liquidity analysi<span class=\"_ _4\"></span>s of Man Group, as approved by the<span class=\"ls0\"> <span class=\"ls181\">Board. Th<span class=\"_ _4\"></span>is analysis consi<span class=\"_ _4\"></span>ders our net <span class=\"ls186\">tangible <span class=\"ls18e\">assets and liqui<span class=\"_ _4\"></span>dity resources </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs49\">and requirements and utilises the Man Group budget,<span class=\"_ _4\"></span> medium<span class=\"ls0\">-<span class=\"ls186\">term plan and the c<span class=\"_ _0\"></span>apital and liquidity plan. These plans includ<span class=\"_ _0\"></span>e rigorous </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs4a\">downside testing, includi<span class=\"_ _4\"></span>ng analyses of st<span class=\"ls18c\">ressed capital and liquidity scenarios, and incorpo<span class=\"_ _0\"></span>rate Man Group\u2019s principal and<span class=\"_ _0\"></span> emerging risks, </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs4b\">which are <span class=\"_ _4\"></span>outlined on <span class=\"_ _4\"></span>pages <span class=\"ls17f\">32<span class=\"ls0\"> <span class=\"ls186\">to </span></span>36<span class=\"ls0\"> <span class=\"ls18e\">and monitored by the Board on an ongoing bas<span class=\"_ _4\"></span>is.</span></span></span><span class=\"ls17f\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls1aa ws0 gs4d\">3. Judgemental <span class=\"ls1ab\">areas<span class=\"ls0\"> </span>and accounting estimates<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs4e\">The preparation of financia<span class=\"ls185\">l statements in conformity w<span class=\"_ _0\"></span>ith IFRS requ<span class=\"_ _0\"></span>ires the use of a<span class=\"_ _0\"></span>ccounting es<span class=\"_ _0\"></span>timates and a<span class=\"_ _0\"></span>ssumptions<span class=\"_ _0\"></span>. We continua<span class=\"_ _0\"></span>lly </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs4f\">evaluate our estimates and judgements based <span class=\"_ _4\"></span>on historical experience and expectations <span class=\"_ _4\"></span>of future events that are considered <span class=\"_ _4\"></span>re<span class=\"ls18e\">asonable in </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs50\">the circu<span class=\"ls19b\">mstances. <span class=\"_ _4\"></span>These judg<span class=\"_ _4\"></span>ements and <span class=\"_ _4\"></span>estimates <span class=\"_ _4\"></span>are an a<span class=\"_ _4\"></span>rea of f<span class=\"_ _4\"></span>ocus for <span class=\"_ _4\"></span>the Board <span class=\"_ _4\"></span>and, in <span class=\"_ _4\"></span>particul<span class=\"_ _4\"></span>ar, the <span class=\"_ _4\"></span>Audit and<span class=\"_ _4\"></span> Risk Commi<span class=\"_ _4\"></span>ttee.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls182 ws0 gs51\">Critical judg<span class=\"_ _4\"></span>ements<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18a ws0 gs52\">Consolidation of<span class=\"_ _4\"></span> fund entities<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs53\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group acts as t<span class=\"_ _4\"></span>he investment manager or<span class=\"_ _4\"></span> adviser to fund<span class=\"_ _4\"></span> entities. <span class=\"ls0\">A <span class=\"ls199\">significant area of judgement is whether we control certain of <span class=\"_ _4\"></span>those </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs54\">fund entities to which we are exp<span class=\"_ _0\"></span>osed via either direct investment h<span class=\"_ _0\"></span>oldings, total return swaps, or sale and rep<span class=\"_ _0\"></span>urchas<span class=\"ls188\">e arrangements.<span class=\"ls0\"> <span class=\"ls19f\">We </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs55\">assess such relationships on an ongoing basi<span class=\"_ _4\"></span>s to determine whether we control each fund entit<span class=\"_ _4\"></span>y and therefore consolidate them<span class=\"ls0\"> <span class=\"ls185\">into our </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs56\">results.<span class=\"ls0\"> <span class=\"ls18d\">Further details <span class=\"ls183\">of</span></span> <span class=\"ls186\">the control assessment are set out in Note </span>5<span class=\"_ _0\"></span>.  </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls197 ws0 gs57\">Employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs58\">Amounts payable to <span class=\"_ _4\"></span>sellers of busin<span class=\"_ _4\"></span>esses acquired who <span class=\"ls184\">hold <span class=\"_ _4\"></span>put options over their <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing<span class=\"ls0\"> <span class=\"ls185\">interests and<span class=\"_ _0\"></span> who </span></span>are also employees are </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs59\">accounted for as employment<span class=\"ls0\">-<span class=\"ls18c\">related <span class=\"ls188\">expenses rather than consideration for <span class=\"_ _4\"></span><span class=\"ls18e\">an acquisition<span class=\"ls0\"> <span class=\"ls17f\">because</span> <span class=\"ls186\">those payments are</span> </span>contingent on the </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs5a\">completion of a minimum service period<span class=\"ls190\">. <span class=\"ls181\">As th<span class=\"_ _4\"></span>e value of the payment<span class=\"_ _4\"></span>s is linked t<span class=\"_ _4\"></span>o equity interests<span class=\"_ _4\"></span> in the business,<span class=\"_ _4\"></span> the arrangements ar<span class=\"_ _4\"></span>e </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs5b\">accounted for as cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments. Significant<span class=\"_ _4\"></span> judgement is applied in det<span class=\"_ _4\"></span>ermining <span class=\"ls186\">the appropriate accounting policies to<span class=\"_ _0\"></span> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs5c\">apply to these arrangements since the terms di<span class=\"_ _4\"></span>ffer significantly from those of<span class=\"_ _4\"></span> a traditional share<span class=\"ls0\">-<span class=\"ls17f\">based payment. In parti<span class=\"_ _4\"></span>cular, <span class=\"ls0\">j<span class=\"ls184\">udgement </span>i<span class=\"ls199\">s </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs5d\">applied <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">treating <span class=\"ls188\">each</span></span> <span class=\"ls188\">employee</span>\u2019<span class=\"ls199\">s share of the post</span>-</span></span>acquisition profits o<span class=\"ls186\">f the business and the underlying put option as a single </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs5e\">instrument, an<span class=\"_ _0\"></span>d in<span class=\"ls0\"> <span class=\"ls199\">selecting the appropriate vesting period. </span> </span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls182 ws0 gs5f\">Critical account<span class=\"_ _4\"></span>ing estimates<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls181 ws0 gs60\">Acquisition of <span class=\"_ _4\"></span>Bardin Hill<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs61\">Man Group\u2019s <span class=\"_ _4\"></span>acquisiti<span class=\"_ _4\"></span>on of <span class=\"ls181\">Bardin Hil<span class=\"_ _4\"></span>l<span class=\"ls0\"> <span class=\"ls198\">Investment Pa<span class=\"_ _0\"></span>rtners LP, Bard<span class=\"_ _0\"></span>in Hill Investme<span class=\"_ _0\"></span>nt Partners GP<span class=\"_ _0\"></span> LLC and Bardin<span class=\"_ _0\"></span> Hill GP Holding<span class=\"_ _0\"></span>s LLC </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls187 ws0 gs62\">(collectively \u2018Bardin Hill\u2019) <span class=\"ls185\">in the<span class=\"_ _0\"></span> year has introd<span class=\"_ _0\"></span>uced new so<span class=\"_ _0\"></span>urces of estim<span class=\"_ _0\"></span>ation uncerta<span class=\"_ _0\"></span>inty. The mea<span class=\"_ _0\"></span>surement of p<span class=\"_ _0\"></span>rovisional valu<span class=\"_ _0\"></span>es of the<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs63\">identifiable ass<span class=\"_ _0\"></span>ets a<span class=\"ls18e\">cquired, liabilities assumed and goodwill ar<span class=\"_ _4\"></span>ising on the acquisition required the <span class=\"_ _4\"></span>use of multiple uncertain inputs (Note 1<span class=\"_ _4\"></span><span class=\"ls0\">0<span class=\"ls187\">). </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs64\">An<span class=\"ls0\"> <span class=\"ls185\">increase or de<span class=\"_ _0\"></span>crease in the fa<span class=\"_ _0\"></span>ir value of the as<span class=\"_ _0\"></span>sets acquired<span class=\"_ _0\"></span> and liabilities as<span class=\"_ _0\"></span>sumed wou<span class=\"_ _0\"></span>ld result in an e<span class=\"_ _0\"></span>qual and offse<span class=\"_ _0\"></span>tting</span> d<span class=\"_ _0\"></span><span class=\"ls188\">ecrease or </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs65\">increase in<span class=\"ls0\"> <span class=\"ls184\">goodwill.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls181 ws0 gs66\">Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs67\">The valuation<span class=\"ls0\">s </span>of acquisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities, including contingent consideration p<span class=\"_ _0\"></span>ayable and put options over n<span class=\"_ _0\"></span>on</span>-<span class=\"ls18e\">controlling interests, </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs68\">are<span class=\"ls0\"> <span class=\"ls199\">sensitive to changes in one or more unobserva<span class=\"ls17f\">ble inputs which are <span class=\"_ _4\"></span>considered reasonably possible <span class=\"ls18e\">at<span class=\"_ _4\"></span> the balance sheet date<span class=\"ls190\">. Further </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs69\">information on<span class=\"_ _0\"></span> the carrying a<span class=\"_ _0\"></span>mounts of the<span class=\"_ _0\"></span>se liabilities and<span class=\"_ _0\"></span> the sensitivity o<span class=\"_ _0\"></span>f those amou<span class=\"_ _0\"></span>nts to chang<span class=\"_ _0\"></span>es in unobser<span class=\"_ _0\"></span>vable inpu<span class=\"_ _0\"></span><span class=\"ls186\">ts is set out </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs6a\">in<span class=\"ls0\"> <span class=\"ls182\">Note <span class=\"ls18d\">24</span></span>.  </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls197 ws0 gs6b\">Employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs6c\">T<span class=\"ls184\">he value <span class=\"ls183\">of</span></span> <span class=\"ls188\">employment</span>-<span class=\"ls18c\">related expenses <span class=\"ls18e\">arising <span class=\"ls186\">from</span></span></span> <span class=\"ls17f\">business combinations is a source of signif<span class=\"_ _4\"></span>icant estimation uncertainty as <span class=\"_ _4\"></span>the<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs6d\">expenses<span class=\"ls0\"> <span class=\"ls18e\">are</span> <span class=\"ls17f\">determined with reference to the ex<span class=\"_ _4\"></span>pected future value <span class=\"ls18e\">and performance <span class=\"ls183\">of <span class=\"_ _4\"></span>the busi<span class=\"ls197\">ness <span class=\"ls18e\">acquired<span class=\"ls190\">. </span></span></span>The valuation refl<span class=\"_ _4\"></span>ects the </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs6e\">best estimate of the amounts payabl<span class=\"_ _4\"></span>e under the put options <span class=\"ls18e\">and has <span class=\"_ _4\"></span>been estimated <span class=\"ls184\">using a discounted cash f<span class=\"_ _4\"></span>low<span class=\"ls0\"> <span class=\"ls19b\">model. <span class=\"ls18a\">Changes <span class=\"_ _4\"></span>in the </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs6f\">fair value of these cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments<span class=\"ls190\">, includ<span class=\"_ _0\"></span>ing the discou<span class=\"_ _0\"></span>nt unw<span class=\"ls185\">ind,</span></span></span> <span class=\"ls17a\">will be recognised<span class=\"_ _4\"></span> in the <span class=\"ls18e\">consoli<span class=\"_ _4\"></span>dated income </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gs70\">statement<span class=\"ls0\"> <span class=\"ls184\">up until the final set<span class=\"_ _4\"></span>tlement date<span class=\"ls190\">. Details of the assum<span class=\"_ _0\"></span>ptions used<span class=\"_ _0\"></span> in the valuation<span class=\"_ _0\"></span>, together with<span class=\"_ _0\"></span> a sensitivity an<span class=\"_ _0\"></span>alysis, are set </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs71\">out<span class=\"ls0\"> <span class=\"ls185\">in</span> <span class=\"ls182\">Note 6.2</span>.<span class=\"_ _1bd\"> </span></span><span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18b ws0 gs73\">Other considerati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs74\">The Board has also considered the <span class=\"_ _4\"></span>assumptions used in<span class=\"ls0\"> <span class=\"ls186\">the valuation of the net pension asset, an<span class=\"_ _0\"></span>d</span> <span class=\"ls186\">the assessments for im<span class=\"_ _0\"></span>pairment of </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs75\">goodwill<span class=\"ls0\"> <span class=\"ls18e\">and the recoverability of<span class=\"_ _4\"></span> deferred tax assets<span class=\"ls190\">. The<span class=\"ls0\"> <span class=\"ls181\">Board</span> <span class=\"ls184\">has </span></span></span>concluded that these assumptions do not <span class=\"_ _4\"></span>have a significant risk of </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs76\">causing a material adjustment to the car<span class=\"_ _4\"></span>rying amounts of <span class=\"ls186\">these </span>assets at the balance<span class=\"ls0\"> <span class=\"ls199\">sheet date.</span></span><span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "Critical account<span class=\"_ _4\"></span>ing estimates<span class=\"ls0\"> </span>Acquisition of <span class=\"_ _4\"></span>Bardin Hill<span class=\"ls0\"> </span>Man Group\u2019s <span class=\"_ _4\"></span>acquisiti<span class=\"_ _4\"></span>on of <span class=\"ls181\">Bardin Hil<span class=\"_ _4\"></span>l<span class=\"ls0\"> <span class=\"ls198\">Investment Pa<span class=\"_ _0\"></span>rtners LP, Bard<span class=\"_ _0\"></span>in Hill Investme<span class=\"_ _0\"></span>nt Partners GP<span class=\"_ _0\"></span> LLC and Bardin<span class=\"_ _0\"></span> Hill GP Holding<span class=\"_ _0\"></span>s LLC </span></span></span>(collectively \u2018Bardin Hill\u2019) <span class=\"ls185\">in the<span class=\"_ _0\"></span> year has introd<span class=\"_ _0\"></span>uced new so<span class=\"_ _0\"></span>urces of estim<span class=\"_ _0\"></span>ation uncerta<span class=\"_ _0\"></span>inty. The mea<span class=\"_ _0\"></span>surement of p<span class=\"_ _0\"></span>rovisional valu<span class=\"_ _0\"></span>es of the<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span>identifiable ass<span class=\"_ _0\"></span>ets a<span class=\"ls18e\">cquired, liabilities assumed and goodwill ar<span class=\"_ _4\"></span>ising on the acquisition required the <span class=\"_ _4\"></span>use of multiple uncertain inputs (Note 1<span class=\"_ _4\"></span><span class=\"ls0\">0<span class=\"ls187\">). </span></span></span>An<span class=\"ls0\"> <span class=\"ls185\">increase or de<span class=\"_ _0\"></span>crease in the fa<span class=\"_ _0\"></span>ir value of the as<span class=\"_ _0\"></span>sets acquired<span class=\"_ _0\"></span> and liabilities as<span class=\"_ _0\"></span>sumed wou<span class=\"_ _0\"></span>ld result in an e<span class=\"_ _0\"></span>qual and offse<span class=\"_ _0\"></span>tting</span> d<span class=\"_ _0\"></span><span class=\"ls188\">ecrease or </span></span>increase in<span class=\"ls0\"> <span class=\"ls184\">goodwill.</span> </span>Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities</span> </span>The valuation<span class=\"ls0\">s </span>of acquisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities, including contingent consideration p<span class=\"_ _0\"></span>ayable and put options over n<span class=\"_ _0\"></span>on</span>-<span class=\"ls18e\">controlling interests, </span></span>are<span class=\"ls0\"> <span class=\"ls199\">sensitive to changes in one or more unobserva<span class=\"ls17f\">ble inputs which are <span class=\"_ _4\"></span>considered reasonably possible <span class=\"ls18e\">at<span class=\"_ _4\"></span> the balance sheet date<span class=\"ls190\">. Further </span></span></span></span></span>information on<span class=\"_ _0\"></span> the carrying a<span class=\"_ _0\"></span>mounts of the<span class=\"_ _0\"></span>se liabilities and<span class=\"_ _0\"></span> the sensitivity o<span class=\"_ _0\"></span>f those amou<span class=\"_ _0\"></span>nts to chang<span class=\"_ _0\"></span>es in unobser<span class=\"_ _0\"></span>vable inpu<span class=\"_ _0\"></span><span class=\"ls186\">ts is set out </span>in<span class=\"ls0\"> <span class=\"ls182\">Note <span class=\"ls18d\">24</span></span>.  </span>Employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span>T<span class=\"ls184\">he value <span class=\"ls183\">of</span></span> <span class=\"ls188\">employment</span>-<span class=\"ls18c\">related expenses <span class=\"ls18e\">arising <span class=\"ls186\">from</span></span></span> <span class=\"ls17f\">business combinations is a source of signif<span class=\"_ _4\"></span>icant estimation uncertainty as <span class=\"_ _4\"></span>the<span class=\"ls0\"> </span></span>expenses<span class=\"ls0\"> <span class=\"ls18e\">are</span> <span class=\"ls17f\">determined with reference to the ex<span class=\"_ _4\"></span>pected future value <span class=\"ls18e\">and performance <span class=\"ls183\">of <span class=\"_ _4\"></span>the busi<span class=\"ls197\">ness <span class=\"ls18e\">acquired<span class=\"ls190\">. </span></span></span>The valuation refl<span class=\"_ _4\"></span>ects the </span></span></span></span>best estimate of the amounts payabl<span class=\"_ _4\"></span>e under the put options <span class=\"ls18e\">and has <span class=\"_ _4\"></span>been estimated <span class=\"ls184\">using a discounted cash f<span class=\"_ _4\"></span>low<span class=\"ls0\"> <span class=\"ls19b\">model. <span class=\"ls18a\">Changes <span class=\"_ _4\"></span>in the </span></span></span></span></span>fair value of these cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments<span class=\"ls190\">, includ<span class=\"_ _0\"></span>ing the discou<span class=\"_ _0\"></span>nt unw<span class=\"ls185\">ind,</span></span></span> <span class=\"ls17a\">will be recognised<span class=\"_ _4\"></span> in the <span class=\"ls18e\">consoli<span class=\"_ _4\"></span>dated income </span></span></span>statement<span class=\"ls0\"> <span class=\"ls184\">up until the final set<span class=\"_ _4\"></span>tlement date<span class=\"ls190\">. Details of the assum<span class=\"_ _0\"></span>ptions used<span class=\"_ _0\"></span> in the valuation<span class=\"_ _0\"></span>, together with<span class=\"_ _0\"></span> a sensitivity an<span class=\"_ _0\"></span>alysis, are set </span></span></span>out<span class=\"ls0\"> <span class=\"ls185\">in</span> <span class=\"ls182\">Note 6.2</span>.<span class=\"_ _1bd\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Critical accounting estimates Acquisition of Bardin Hill Man Group\u2019s acquisition of Bardin Hill Investment Partners LP, Bardin Hill Investment Partners GP LLC and Bardin Hill GP Holdings LLC (collectively \u2018Bardin Hill\u2019) in the year has introduced new sources of estimation uncertainty. The measurement of provisional values of the identifiable assets acquired, liabilities assumed and goodwill arising on the acquisition required the use of multiple uncertain inputs (Note 10). An increase or decrease in the fair value of the assets acquired and liabilities assumed would result in an equal and offsetting decrease or increase in goodwill. Acquisition-related liabilities The valuations of acquisition-related liabilities, including contingent consideration payable and put options over non-controlling interests, are sensitive to changes in one or more unobservable inputs which are considered reasonably possible at the balance sheet date. Further information on the carrying amounts of these liabilities and the sensitivity of those amounts to changes in unobservable inputs is set out in Note 24.  Employment-related expenses The value of employment-related expenses arising from business combinations is a source of significant estimation uncertainty as the expenses are determined with reference to the expected future value and performance of the business acquired. The valuation reflects the best estimate of the amounts payable under the put options and has been estimated using a discounted cash flow model. Changes in the fair value of these cash-settled share-based payments, including the discount unwind, will be recognised in the consolidated income statement up until the final settlement date. Details of the assumptions used in the valuation, together with a sensitivity analysis, are set out in Note 6.2. Other considerations The Board has also considered the assumptions used in the valuation of the net pension asset, and the assessments for impairment of goodwill and the recoverability of deferred tax assets. The Board has concluded that these assumptions do not have a significant risk of causing a material adjustment to the carrying amounts of these assets at the balance sheet date. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Fee income is our primary source <span class=\"_ _4\"></span>of revenue, which is derived f<span class=\"_ _4\"></span>rom the investment management agreements that we have in <span class=\"_ _4\"></span>place<span class=\"ls0\"> <span class=\"ls17a\">with </span></span>the fund entities or the accounts tha<span class=\"_ _0\"></span>t we manage. <span class=\"ls0\"> </span>Management and <span class=\"_ _4\"></span>other fees,<span class=\"_ _4\"></span> which<span class=\"ls0\"> <span class=\"ls185\">include all non</span>-<span class=\"ls184\">performance related fees, are recognised in the <span class=\"_ _4\"></span>period in which <span class=\"ls186\">the <span class=\"ls199\">services are </span></span></span></span>provided and do not include <span class=\"_ _4\"></span>any other performance obligations<span class=\"_ _4\"></span>. Fees are generally based on <span class=\"_ _4\"></span>an agreed percentage of NAV or AUM<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>are typically charged in arr<span class=\"ls188\">ear<span class=\"_ _4\"></span>s and receivable within one month.<span class=\"ls0\"> </span></span>Performance fees rel<span class=\"_ _4\"></span>ate to the performance <span class=\"_ _4\"></span>of the funds or managed <span class=\"_ _4\"></span>accounts managed during the <span class=\"_ _4\"></span>year and are recognise<span class=\"_ _4\"></span>d <span class=\"ls18e\">as<span class=\"ls0\"> <span class=\"ls186\">the </span></span></span>performance obligation <span class=\"ls185\">is satisfied<span class=\"ls190\">, whereby the fee<span class=\"_ _0\"></span> can be reliably e<span class=\"_ _0\"></span>stimated<span class=\"ls0\"> <span class=\"ls18e\">and it is hig</span></span></span></span>hly probable that a signif<span class=\"_ _4\"></span>icant reversal will <span class=\"_ _4\"></span>not occur<span class=\"ls190\">. This is generally<span class=\"_ _0\"></span> at the end of the<span class=\"_ _0\"></span> performanc<span class=\"_ _0\"></span>e period or upo<span class=\"_ _0\"></span>n early redemp<span class=\"_ _0\"></span>tion by an inv<span class=\"_ _0\"></span>estor<span class=\"ls0\"> <span class=\"ls17a\">when the fee has<span class=\"_ _4\"></span> crystalli<span class=\"_ _4\"></span>sed<span class=\"ls190\">. <span class=\"ls0\">U<span class=\"ls197\">ntil </span></span></span></span></span></span>the performance period end<span class=\"_ _0\"></span>s, market movements co<span class=\"_ _0\"></span>uld significantly m<span class=\"ls183\">ove the NAV of the fund products and therefore the <span class=\"_ _4\"></span>value of any </span>performance fees receivable. <span class=\"_ _4\"></span>For alternative strategi<span class=\"_ _4\"></span>es, we will typicall<span class=\"_ _4\"></span>y only earn performance fees on any<span class=\"_ _4\"></span> positive investm<span class=\"ls188\">ent returns </span>in excess of the<span class=\"_ _0\"></span> high<span class=\"ls0\">-<span class=\"ls17a\">water mark, meaning<span class=\"_ _4\"></span> we will no<span class=\"_ _4\"></span>t b<span class=\"ls188\">e able to earn performance f<span class=\"_ _4\"></span>ees with respect to positive i<span class=\"_ _4\"></span>nvestment </span></span></span>performance in any year fol<span class=\"_ _4\"></span>lowing negative performance until<span class=\"_ _4\"></span> that loss is recouped. <span class=\"_ _4\"></span>For long<span class=\"ls0\">-<span class=\"ls183\">only strategies, perfor<span class=\"_ _4\"></span>mance fees are </span></span>usually earned only when perf<span class=\"_ _4\"></span>ormance is in excess of a pr<span class=\"_ _4\"></span><span class=\"ls188\">edetermined strategy benchmark (positive alpha)<span class=\"_ _4\"></span>. <span class=\"ls19f\">Where perfo<span class=\"_ _4\"></span>rmance fees <span class=\"_ _4\"></span>are </span></span>earned over a longer timeframe, usual<span class=\"_ _4\"></span>ly in <span class=\"ls18c\">relation to<span class=\"ls0\"> <span class=\"ls184\">private markets funds, revenue may <span class=\"_ _4\"></span>be recognised before the contractual<span class=\"_ _4\"></span> </span></span></span>crystallisation date. <span class=\"ls198\">In this case, c<span class=\"ls183\">onstraints are a<span class=\"ls184\">pplied <span class=\"_ _4\"></span>to the performance fee accrued in <span class=\"_ _4\"></span>the <span class=\"ls18c\">relevant <span class=\"ls186\">fund to reflect the uncertainty </span></span></span></span></span>of<span class=\"ls0\"> <span class=\"ls184\">performance </span></span>over<span class=\"ls0\"> <span class=\"ls186\">the remaining period to crystallisation. <span class=\"ls18b\">Once crystallised, perf<span class=\"_ _4\"></span>ormance fees typical<span class=\"_ _4\"></span>ly cannot be clawed <span class=\"_ _4\"></span>back.<span class=\"ls0\"> </span></span></span></span>Rebates, which rel<span class=\"_ _4\"></span>ate to repayments of <span class=\"_ _4\"></span>m<span class=\"ls18e\">anagement and performance fees charged, typically to instit<span class=\"_ _4\"></span>utional investors, are recognised </span>in<span class=\"ls0\"> <span class=\"ls186\">the same period as the as<span class=\"_ _0\"></span>sociated fees. <span class=\"ls181\">As r<span class=\"ls188\">ebates <span class=\"ls18e\">constitute</span></span></span></span> <span class=\"ls18e\">a reduction in the fees char<span class=\"_ _4\"></span>ged for services provided, they are </span></span>presented net within management an<span class=\"ls17f\">d <span class=\"_ _4\"></span>other fees and performance fees in the <span class=\"_ _4\"></span><span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span>. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Fee income is our primary source <span class=\"_ _4\"></span>of revenue, which is derived f<span class=\"_ _4\"></span>rom the investment management agreements that we have in <span class=\"_ _4\"></span>place<span class=\"ls0\"> <span class=\"ls17a\">with </span></span>the fund entities or the accounts tha<span class=\"_ _0\"></span>t we manage. <span class=\"ls0\"> </span>Management and <span class=\"_ _4\"></span>other fees,<span class=\"_ _4\"></span> which<span class=\"ls0\"> <span class=\"ls185\">include all non</span>-<span class=\"ls184\">performance related fees, are recognised in the <span class=\"_ _4\"></span>period in which <span class=\"ls186\">the <span class=\"ls199\">services are </span></span></span></span>provided and do not include <span class=\"_ _4\"></span>any other performance obligations<span class=\"_ _4\"></span>. Fees are generally based on <span class=\"_ _4\"></span>an agreed percentage of NAV or AUM<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>are typically charged in arr<span class=\"ls188\">ear<span class=\"_ _4\"></span>s and receivable within one month.<span class=\"ls0\"> </span></span>Performance fees rel<span class=\"_ _4\"></span>ate to the performance <span class=\"_ _4\"></span>of the funds or managed <span class=\"_ _4\"></span>accounts managed during the <span class=\"_ _4\"></span>year and are recognise<span class=\"_ _4\"></span>d <span class=\"ls18e\">as<span class=\"ls0\"> <span class=\"ls186\">the </span></span></span>performance obligation <span class=\"ls185\">is satisfied<span class=\"ls190\">, whereby the fee<span class=\"_ _0\"></span> can be reliably e<span class=\"_ _0\"></span>stimated<span class=\"ls0\"> <span class=\"ls18e\">and it is hig</span></span></span></span>hly probable that a signif<span class=\"_ _4\"></span>icant reversal will <span class=\"_ _4\"></span>not occur<span class=\"ls190\">. This is generally<span class=\"_ _0\"></span> at the end of the<span class=\"_ _0\"></span> performanc<span class=\"_ _0\"></span>e period or upo<span class=\"_ _0\"></span>n early redemp<span class=\"_ _0\"></span>tion by an inv<span class=\"_ _0\"></span>estor<span class=\"ls0\"> <span class=\"ls17a\">when the fee has<span class=\"_ _4\"></span> crystalli<span class=\"_ _4\"></span>sed<span class=\"ls190\">. <span class=\"ls0\">U<span class=\"ls197\">ntil </span></span></span></span></span></span>the performance period end<span class=\"_ _0\"></span>s, market movements co<span class=\"_ _0\"></span>uld significantly m<span class=\"ls183\">ove the NAV of the fund products and therefore the <span class=\"_ _4\"></span>value of any </span>performance fees receivable. <span class=\"_ _4\"></span>For alternative strategi<span class=\"_ _4\"></span>es, we will typicall<span class=\"_ _4\"></span>y only earn performance fees on any<span class=\"_ _4\"></span> positive investm<span class=\"ls188\">ent returns </span>in excess of the<span class=\"_ _0\"></span> high<span class=\"ls0\">-<span class=\"ls17a\">water mark, meaning<span class=\"_ _4\"></span> we will no<span class=\"_ _4\"></span>t b<span class=\"ls188\">e able to earn performance f<span class=\"_ _4\"></span>ees with respect to positive i<span class=\"_ _4\"></span>nvestment </span></span></span>performance in any year fol<span class=\"_ _4\"></span>lowing negative performance until<span class=\"_ _4\"></span> that loss is recouped. <span class=\"_ _4\"></span>For long<span class=\"ls0\">-<span class=\"ls183\">only strategies, perfor<span class=\"_ _4\"></span>mance fees are </span></span>usually earned only when perf<span class=\"_ _4\"></span>ormance is in excess of a pr<span class=\"_ _4\"></span><span class=\"ls188\">edetermined strategy benchmark (positive alpha)<span class=\"_ _4\"></span>. <span class=\"ls19f\">Where perfo<span class=\"_ _4\"></span>rmance fees <span class=\"_ _4\"></span>are </span></span>earned over a longer timeframe, usual<span class=\"_ _4\"></span>ly in <span class=\"ls18c\">relation to<span class=\"ls0\"> <span class=\"ls184\">private markets funds, revenue may <span class=\"_ _4\"></span>be recognised before the contractual<span class=\"_ _4\"></span> </span></span></span>crystallisation date. <span class=\"ls198\">In this case, c<span class=\"ls183\">onstraints are a<span class=\"ls184\">pplied <span class=\"_ _4\"></span>to the performance fee accrued in <span class=\"_ _4\"></span>the <span class=\"ls18c\">relevant <span class=\"ls186\">fund to reflect the uncertainty </span></span></span></span></span>of<span class=\"ls0\"> <span class=\"ls184\">performance </span></span>over<span class=\"ls0\"> <span class=\"ls186\">the remaining period to crystallisation. <span class=\"ls18b\">Once crystallised, perf<span class=\"_ _4\"></span>ormance fees typical<span class=\"_ _4\"></span>ly cannot be clawed <span class=\"_ _4\"></span>back.<span class=\"ls0\"> </span></span></span></span>Rebates, which rel<span class=\"_ _4\"></span>ate to repayments of <span class=\"_ _4\"></span>m<span class=\"ls18e\">anagement and performance fees charged, typically to instit<span class=\"_ _4\"></span>utional investors, are recognised </span>in<span class=\"ls0\"> <span class=\"ls186\">the same period as the as<span class=\"_ _0\"></span>sociated fees. <span class=\"ls181\">As r<span class=\"ls188\">ebates <span class=\"ls18e\">constitute</span></span></span></span> <span class=\"ls18e\">a reduction in the fees char<span class=\"_ _4\"></span>ged for services provided, they are </span></span>presented net within management an<span class=\"ls17f\">d <span class=\"_ _4\"></span>other fees and performance fees in the <span class=\"_ _4\"></span><span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span>. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Rebates, which rel<span class=\"_ _4\"></span>ate to repayments of <span class=\"_ _4\"></span>m<span class=\"ls18e\">anagement and performance fees charged, typically to instit<span class=\"_ _4\"></span>utional investors, are recognised </span>in<span class=\"ls0\"> <span class=\"ls186\">the same period as the as<span class=\"_ _0\"></span>sociated fees. <span class=\"ls181\">As r<span class=\"ls188\">ebates <span class=\"ls18e\">constitute</span></span></span></span> <span class=\"ls18e\">a reduction in the fees char<span class=\"_ _4\"></span>ged for services provided, they are </span></span>presented net within management an<span class=\"ls17f\">d <span class=\"_ _4\"></span>other fees and performance fees in the <span class=\"_ _4\"></span><span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span>. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>re classified at fair<span class=\"_ _0\"></span> value through p<span class=\"_ _0\"></span>rofit or loss, with ne<span class=\"_ _0\"></span>t gains due to m<span class=\"_ _0\"></span>ovements in f<span class=\"_ _0\"></span>air val<span class=\"ls184\">ue recognised </span>through net income or gains on<span class=\"_ _0\"></span> investments and other financ<span class=\"_ _0\"></span>ial instruments. <span class=\"ls0\"> </span>The fair values of investments <span class=\"_ _4\"></span>in fund p<span class=\"ls18c\">roducts other than CLOs are typica<span class=\"_ _0\"></span>lly derived from their reported NAV<span class=\"_ _0\"></span>s, which in turn are based </span>on the<span class=\"ls0\"> <span class=\"ls18e\">value of the underlying assets. <span class=\"_ _4\"></span>The valuation of the underlying assets wit<span class=\"_ _4\"></span>hin each fund product is determined by external </span></span>valuation service providers bas<span class=\"ls188\">ed on <span class=\"_ _4\"></span>an agreed valuation policy and methodology. Whil<span class=\"_ _4\"></span>e these valuations are performed independently </span>of Man Group, we have established over<span class=\"_ _4\"></span>sight procedures and due diligence proces<span class=\"_ _4\"></span>ses to ensure that the NAVs reported by <span class=\"_ _4\"></span>the ex<span class=\"ls186\">ternal </span>valuation service provi<span class=\"ls17f\">ders are <span class=\"_ _4\"></span>reliable and appropriate. Pur<span class=\"_ _4\"></span>chases and sales of investments are r<span class=\"_ _4\"></span>ecognised on trade date.<span class=\"ls0\"> </span></span>Our holdings i<span class=\"_ _4\"></span>n unconsolidated CLO <span class=\"_ _4\"></span>risk retention <span class=\"_ _4\"></span>assets <span class=\"ls18e\">are<span class=\"ls0\"> <span class=\"ls184\">priced using a bott<span class=\"_ _4\"></span>om<span class=\"ls0\">-</span>up valuation method. We use third<span class=\"ls0\">-</span>party <span class=\"_ _4\"></span>valuations </span></span></span>to price the securitie<span class=\"ls199\">s within the underlying portfolios and then apply the percentage of the CLO notes we hold to these valuations. <span class=\"ls0\"> </span></span>Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span>We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span>developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span>and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span>exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span>maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span>and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span>investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span>Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span>notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span>after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span>ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span>reporting period. <span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The control considerations under <span class=\"_ _4\"></span>IFRS 10 \u2018Consolidated Financial Stat<span class=\"_ _4\"></span>ements\u2019 apply <span class=\"ls186\">to fund product investments, including th<span class=\"_ _0\"></span>ose </span>underlying our repo and TRS i<span class=\"_ _4\"></span>nstruments. Fund entities deemed to <span class=\"_ _4\"></span>be controlled are consolidated <span class=\"_ _4\"></span>on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis from the d<span class=\"_ _0\"></span>ate </span></span>control commences until it ceases. I<span class=\"_ _4\"></span>n the control assessment, we consider our<span class=\"ls0\"> <span class=\"ls188\">exposure to vari<span class=\"_ _4\"></span>able returns and the existence of </span></span>substantive kick<span class=\"ls0\">-<span class=\"ls183\">out rights. Other factors<span class=\"_ _4\"></span> considered include the nature of <span class=\"_ _4\"></span>relevant fee arrangements, the decision<span class=\"ls0\">-<span class=\"ls19b\">mak<span class=\"_ _4\"></span>ing powers<span class=\"_ _4\"></span> we </span></span></span></span>hold as investment manager or a<span class=\"_ _4\"></span>dviser and whether the shares we hol<span class=\"_ _4\"></span>d inc<span class=\"ls185\">lude voting rights<span class=\"_ _0\"></span>. Where we <span class=\"ls17f\">do not<span class=\"ls0\"> <span class=\"ls18e\">control the fund, our </span></span></span></span>investment is<span class=\"_ _0\"></span> classified within<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span>s in fund prod<span class=\"_ _0\"></span>ucts. <span class=\"ls0\"> </span>We only hav<span class=\"_ _4\"></span>e limited <span class=\"_ _4\"></span>exposure to <span class=\"_ _4\"></span>the variab<span class=\"_ _4\"></span>le returns<span class=\"_ _4\"></span> of the fun<span class=\"_ _4\"></span>d entities<span class=\"_ _4\"></span> we manage unl<span class=\"_ _4\"></span>ess we eith<span class=\"_ _4\"></span>er hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n t<span class=\"ls184\">he fund </span>en<span class=\"ls186\">tity or receive the returns of the fund entity<span class=\"_ _0\"></span> via a TRS or repo arrangeme<span class=\"_ _0\"></span>nt. For most fund entities: the existence<span class=\"_ _0\"></span> of indepe<span class=\"ls197\">ndent </span></span>boards of directors; ri<span class=\"_ _4\"></span>ghts which allow for the removal <span class=\"_ _4\"></span>of the investment manager or adviser; <span class=\"_ _4\"></span>the influence of external i<span class=\"_ _4\"></span>nves<span class=\"ls186\">tors; limited </span>exposure to variable returns; <span class=\"_ _4\"></span>and the arm\u2019s length nature of our <span class=\"_ _4\"></span>contracts with those fund entities, <span class=\"_ _4\"></span>indicate that we do not <span class=\"ls18e\">control them. </span>As a result, <span class=\"_ _4\"></span>the associated asset<span class=\"_ _4\"></span>s, liabiliti<span class=\"_ _4\"></span>es, and results <span class=\"_ _4\"></span>of these funds ar<span class=\"_ _4\"></span>e not consolidated <span class=\"_ _4\"></span>into t<span class=\"ls184\">he financial <span class=\"_ _4\"></span>statements. <span class=\"ls0\"> </span></span>The assets held by the CLOs we consol<span class=\"_ _4\"></span>idate are priced using independent pr<span class=\"_ _4\"></span>icing sources. Other than subordinated <span class=\"_ _4\"></span>notes, the d<span class=\"ls188\">ebt </span>liabilities of<span class=\"ls0\"> <span class=\"ls18e\">consolidated CLOs are valued at par plus accrued interest, <span class=\"_ _4\"></span>which is considered equival<span class=\"ls188\">ent to fair val<span class=\"_ _4\"></span>ue. The subordinated </span></span></span>notes of these CLOs are pr<span class=\"_ _4\"></span>iced using an intrinsi<span class=\"_ _4\"></span>c valuation approach, exc<span class=\"_ _4\"></span>luding any potential futur<span class=\"_ _4\"></span>e value.<span class=\"ls0\"> </span>Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span>and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span>straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span>Third<span class=\"ls0\">-<span class=\"ls184\">party interests in c<span class=\"_ _4\"></span>onsolidated fund entities ar<span class=\"_ _4\"></span>e measured at <span class=\"ls186\">fair value, typically derived from the reported NAV<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></span></span></span>Fund product investments held for <span class=\"_ _4\"></span>deferred compensation arrangements<span class=\"ls0\"> </span>We hold fun<span class=\"_ _4\"></span>d product i<span class=\"_ _4\"></span>nvestments re<span class=\"_ _4\"></span>lated to de<span class=\"_ _4\"></span>ferred compe<span class=\"_ _4\"></span>nsation arr<span class=\"_ _4\"></span>an<span class=\"ls184\">gements to offset any change in <span class=\"_ _4\"></span>the associated compensation </span>cost over the vesting period. <span class=\"_ _4\"></span>At vesting, the value of the fund i<span class=\"_ _4\"></span>nvestment is delivered to the employee. These fund <span class=\"_ _4\"></span>product i<span class=\"ls197\">nvestments </span>are measured at fair value and incl<span class=\"_ _4\"></span>ude balances held by the <span class=\"ls197\">Employee Trust.<span class=\"ls0\"> </span></span>Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span>From time to time, Man Group warehouses <span class=\"_ _4\"></span>loans it underwrites and ori<span class=\"_ _4\"></span>ginates with the intention of<span class=\"_ _4\"></span> syndicating such loans foll<span class=\"ls183\">owing </span>a <span class=\"ls199\">short period of time. These investments in loans are included within investments in fu<span class=\"ls197\">nd product<span class=\"_ _4\"></span>s and other investments on the </span></span>consolidated balance sheet<span class=\"ls0\"> </span>and measured at fair val<span class=\"_ _4\"></span>ue through profit or loss<span class=\"ls0\">. </span>Hedge accounting<span class=\"ls0\"> </span>We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span>losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span>consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span>income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>re classified at fair<span class=\"_ _0\"></span> value through p<span class=\"_ _0\"></span>rofit or loss, with ne<span class=\"_ _0\"></span>t gains due to m<span class=\"_ _0\"></span>ovements in f<span class=\"_ _0\"></span>air val<span class=\"ls184\">ue recognised </span>through net income or gains on<span class=\"_ _0\"></span> investments and other financ<span class=\"_ _0\"></span>ial instruments. <span class=\"ls0\"> </span>The fair values of investments <span class=\"_ _4\"></span>in fund p<span class=\"ls18c\">roducts other than CLOs are typica<span class=\"_ _0\"></span>lly derived from their reported NAV<span class=\"_ _0\"></span>s, which in turn are based </span>on the<span class=\"ls0\"> <span class=\"ls18e\">value of the underlying assets. <span class=\"_ _4\"></span>The valuation of the underlying assets wit<span class=\"_ _4\"></span>hin each fund product is determined by external </span></span>valuation service providers bas<span class=\"ls188\">ed on <span class=\"_ _4\"></span>an agreed valuation policy and methodology. Whil<span class=\"_ _4\"></span>e these valuations are performed independently </span>of Man Group, we have established over<span class=\"_ _4\"></span>sight procedures and due diligence proces<span class=\"_ _4\"></span>ses to ensure that the NAVs reported by <span class=\"_ _4\"></span>the ex<span class=\"ls186\">ternal </span>valuation service provi<span class=\"ls17f\">ders are <span class=\"_ _4\"></span>reliable and appropriate. Pur<span class=\"_ _4\"></span>chases and sales of investments are r<span class=\"_ _4\"></span>ecognised on trade date.<span class=\"ls0\"> </span></span>Our holdings i<span class=\"_ _4\"></span>n unconsolidated CLO <span class=\"_ _4\"></span>risk retention <span class=\"_ _4\"></span>assets <span class=\"ls18e\">are<span class=\"ls0\"> <span class=\"ls184\">priced using a bott<span class=\"_ _4\"></span>om<span class=\"ls0\">-</span>up valuation method. We use third<span class=\"ls0\">-</span>party <span class=\"_ _4\"></span>valuations </span></span></span>to price the securitie<span class=\"ls199\">s within the underlying portfolios and then apply the percentage of the CLO notes we hold to these valuations. <span class=\"ls0\"> </span></span>Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span>We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span>developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span>and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span>exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span>maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span>and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span>investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span>Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span>notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span>after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span>ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span>reporting period. <span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The control considerations under <span class=\"_ _4\"></span>IFRS 10 \u2018Consolidated Financial Stat<span class=\"_ _4\"></span>ements\u2019 apply <span class=\"ls186\">to fund product investments, including th<span class=\"_ _0\"></span>ose </span>underlying our repo and TRS i<span class=\"_ _4\"></span>nstruments. Fund entities deemed to <span class=\"_ _4\"></span>be controlled are consolidated <span class=\"_ _4\"></span>on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis from the d<span class=\"_ _0\"></span>ate </span></span>control commences until it ceases. I<span class=\"_ _4\"></span>n the control assessment, we consider our<span class=\"ls0\"> <span class=\"ls188\">exposure to vari<span class=\"_ _4\"></span>able returns and the existence of </span></span>substantive kick<span class=\"ls0\">-<span class=\"ls183\">out rights. Other factors<span class=\"_ _4\"></span> considered include the nature of <span class=\"_ _4\"></span>relevant fee arrangements, the decision<span class=\"ls0\">-<span class=\"ls19b\">mak<span class=\"_ _4\"></span>ing powers<span class=\"_ _4\"></span> we </span></span></span></span>hold as investment manager or a<span class=\"_ _4\"></span>dviser and whether the shares we hol<span class=\"_ _4\"></span>d inc<span class=\"ls185\">lude voting rights<span class=\"_ _0\"></span>. Where we <span class=\"ls17f\">do not<span class=\"ls0\"> <span class=\"ls18e\">control the fund, our </span></span></span></span>investment is<span class=\"_ _0\"></span> classified within<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span>s in fund prod<span class=\"_ _0\"></span>ucts. <span class=\"ls0\"> </span>We only hav<span class=\"_ _4\"></span>e limited <span class=\"_ _4\"></span>exposure to <span class=\"_ _4\"></span>the variab<span class=\"_ _4\"></span>le returns<span class=\"_ _4\"></span> of the fun<span class=\"_ _4\"></span>d entities<span class=\"_ _4\"></span> we manage unl<span class=\"_ _4\"></span>ess we eith<span class=\"_ _4\"></span>er hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n t<span class=\"ls184\">he fund </span>en<span class=\"ls186\">tity or receive the returns of the fund entity<span class=\"_ _0\"></span> via a TRS or repo arrangeme<span class=\"_ _0\"></span>nt. For most fund entities: the existence<span class=\"_ _0\"></span> of indepe<span class=\"ls197\">ndent </span></span>boards of directors; ri<span class=\"_ _4\"></span>ghts which allow for the removal <span class=\"_ _4\"></span>of the investment manager or adviser; <span class=\"_ _4\"></span>the influence of external i<span class=\"_ _4\"></span>nves<span class=\"ls186\">tors; limited </span>exposure to variable returns; <span class=\"_ _4\"></span>and the arm\u2019s length nature of our <span class=\"_ _4\"></span>contracts with those fund entities, <span class=\"_ _4\"></span>indicate that we do not <span class=\"ls18e\">control them. </span>As a result, <span class=\"_ _4\"></span>the associated asset<span class=\"_ _4\"></span>s, liabiliti<span class=\"_ _4\"></span>es, and results <span class=\"_ _4\"></span>of these funds ar<span class=\"_ _4\"></span>e not consolidated <span class=\"_ _4\"></span>into t<span class=\"ls184\">he financial <span class=\"_ _4\"></span>statements. <span class=\"ls0\"> </span></span>The assets held by the CLOs we consol<span class=\"_ _4\"></span>idate are priced using independent pr<span class=\"_ _4\"></span>icing sources. Other than subordinated <span class=\"_ _4\"></span>notes, the d<span class=\"ls188\">ebt </span>liabilities of<span class=\"ls0\"> <span class=\"ls18e\">consolidated CLOs are valued at par plus accrued interest, <span class=\"_ _4\"></span>which is considered equival<span class=\"ls188\">ent to fair val<span class=\"_ _4\"></span>ue. The subordinated </span></span></span>notes of these CLOs are pr<span class=\"_ _4\"></span>iced using an intrinsi<span class=\"_ _4\"></span>c valuation approach, exc<span class=\"_ _4\"></span>luding any potential futur<span class=\"_ _4\"></span>e value.<span class=\"ls0\"> </span>Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span>and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span>straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span>Third<span class=\"ls0\">-<span class=\"ls184\">party interests in c<span class=\"_ _4\"></span>onsolidated fund entities ar<span class=\"_ _4\"></span>e measured at <span class=\"ls186\">fair value, typically derived from the reported NAV<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></span></span></span>Fund product investments held for <span class=\"_ _4\"></span>deferred compensation arrangements<span class=\"ls0\"> </span>We hold fun<span class=\"_ _4\"></span>d product i<span class=\"_ _4\"></span>nvestments re<span class=\"_ _4\"></span>lated to de<span class=\"_ _4\"></span>ferred compe<span class=\"_ _4\"></span>nsation arr<span class=\"_ _4\"></span>an<span class=\"ls184\">gements to offset any change in <span class=\"_ _4\"></span>the associated compensation </span>cost over the vesting period. <span class=\"_ _4\"></span>At vesting, the value of the fund i<span class=\"_ _4\"></span>nvestment is delivered to the employee. These fund <span class=\"_ _4\"></span>product i<span class=\"ls197\">nvestments </span>are measured at fair value and incl<span class=\"_ _4\"></span>ude balances held by the <span class=\"ls197\">Employee Trust.<span class=\"ls0\"> </span></span>Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span>From time to time, Man Group warehouses <span class=\"_ _4\"></span>loans it underwrites and ori<span class=\"_ _4\"></span>ginates with the intention of<span class=\"_ _4\"></span> syndicating such loans foll<span class=\"ls183\">owing </span>a <span class=\"ls199\">short period of time. These investments in loans are included within investments in fu<span class=\"ls197\">nd product<span class=\"_ _4\"></span>s and other investments on the </span></span>consolidated balance sheet<span class=\"ls0\"> </span>and measured at fair val<span class=\"_ _4\"></span>ue through profit or loss<span class=\"ls0\">. </span>Hedge accounting<span class=\"ls0\"> </span>We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span>losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span>consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span>income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>All lease li<span class=\"_ _4\"></span>abilities are <span class=\"_ _4\"></span>measured at the present<span class=\"_ _4\"></span> value of lease <span class=\"_ _4\"></span>payments due over the <span class=\"_ _4\"></span>lease term, discount<span class=\"_ _4\"></span>ed using our incr<span class=\"_ _4\"></span>e<span class=\"ls19b\">mental cos<span class=\"_ _4\"></span>t </span>of borrowing (bei<span class=\"ls197\">ng the rat<span class=\"_ _4\"></span>e we would have to pay to fi<span class=\"_ _4\"></span>nance a similar asset) <span class=\"_ _4\"></span>at the lease commencement date or <span class=\"_ _4\"></span>the modification date. </span>The lease liability i<span class=\"_ _4\"></span>s adjusted for lease payments and unwind <span class=\"_ _4\"></span>of lease liability discount <span class=\"_ _4\"></span>as well as the impact of any subseq<span class=\"ls184\">uent<span class=\"_ _4\"></span> lease </span>mo<span class=\"ls17f\">difications. The unwind <span class=\"_ _4\"></span>of lease liability <span class=\"_ _4\"></span>discount is included withi<span class=\"_ _4\"></span>n finance expense.<span class=\"ls0\"> </span></span>Cash payments in r<span class=\"_ _4\"></span>elation to leases<span class=\"_ _4\"></span>, which reduce the <span class=\"_ _4\"></span>lease liabilit<span class=\"_ _4\"></span>y recognised on the <span class=\"_ _4\"></span>consolidated balance <span class=\"_ _4\"></span>sheet, are prese<span class=\"ls197\">nted as </span>payment of lease interest <span class=\"_ _4\"></span>(within operating activi<span class=\"_ _4\"></span>ties) and repayments of pri<span class=\"_ _4\"></span>ncipal lease liabil<span class=\"_ _4\"></span>ity (within financing <span class=\"_ _4\"></span>activities) in the consolidated cash flow statement. Payments in <span class=\"_ _4\"></span>relation to short<span class=\"ls0\">-<span class=\"ls186\">term leases and leases of low</span>-</span>value assets are included within cash flows from operating a<span class=\"ls18e\">ctivities.</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span>Cash and cash equiv<span class=\"ls18e\">al<span class=\"_ _4\"></span>ents comprise cash and short<span class=\"ls0\">-<span class=\"ls186\">term investments in money m<span class=\"_ _0\"></span>arket funds or bank deposits with a<span class=\"_ _0\"></span>n original maturity </span></span></span>of three months or less. Cash <span class=\"_ _4\"></span>and cash equivalents are measured at amorti<span class=\"_ _4\"></span>sed cost, which is approximately equal <span class=\"_ _4\"></span>to fair value<span class=\"ls190\">. Cash and </span>cash eq<span class=\"ls184\">uivalents include r<span class=\"_ _4\"></span>estricted balances held by c<span class=\"_ _4\"></span>onsolidated fund entities to <span class=\"_ _4\"></span>which we do not have access<span class=\"ls0\">, <span class=\"ls18e\">and which are subject </span></span></span>to legal or contractual restrictions as to their us<span class=\"_ _0\"></span>e.<span class=\"ls0\"> </span>Borrowings<span class=\"ls0\"> </span>Borrowings<span class=\"ls0\"> <span class=\"ls184\">primarily</span> <span class=\"ls18e\">comprise amounts drawn under committed <span class=\"_ _4\"></span>revolving credit facilities.<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">These borrowings are initially r<span class=\"_ _4\"></span>ecorded at fair </span></span></span></span>value and subsequently measured at amortised cost.<span class=\"ls0\"> <span class=\"ls180\">Drawdo<span class=\"_ _4\"></span>wns under <span class=\"ls18c\">revolving credit facilities<span class=\"ls0\"> <span class=\"ls18e\">are typically for maturities of <span class=\"_ _4\"></span>one </span></span></span></span></span>month or<span class=\"ls0\"> <span class=\"ls185\">less and are therefore prese<span class=\"_ _0\"></span>nted net of rep<span class=\"_ _0\"></span>ayments in th<span class=\"_ _0\"></span>e </span>c<span class=\"ls183\">onsolidated cash flow</span> <span class=\"ls199\">statement.</span>  </span>Also included wi<span class=\"_ _4\"></span>thin borrowings are<span class=\"_ _4\"></span> <span class=\"ls18e\">amounts payable to <span class=\"ls186\">third parties who hold<span class=\"ls0\"> <span class=\"ls185\">indirec<span class=\"_ _0\"></span>t interest</span>s <span class=\"ls185\">in </span></span></span>certain <span class=\"ls18a\">CLO<span class=\"ls199\">s that we manage. </span></span></span>The<span class=\"ls0\"> <span class=\"ls18c\">risk retention assets</span> <span class=\"ls185\">in th<span class=\"_ _0\"></span>es<span class=\"ls188\">e CLOs were partially funded through a s<span class=\"_ _4\"></span>eries of interest<span class=\"ls0\">-<span class=\"ls17f\">bearing term loans, wi<span class=\"_ _4\"></span>th principal amounts </span></span></span></span></span>outstanding also presented withi<span class=\"_ _4\"></span>n borrowings.<span class=\"ls0\"> </span>These borrowings are measured at fair<span class=\"_ _4\"></span> value through profit and loss.<span class=\"_ _4\"></span><span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span><span class=\"ls197\"> </span><span class=\"ls197\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls185\"><span class=\"ls0\"><span class=\"ls17a\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></span></span></span>Accounting policy<span class=\"ls0\"> </span>Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span>F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span>through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span>Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span>combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span>Fair value hierarchy<span class=\"ls0\"> </span>We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span>prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span>The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span>liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span>primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span>information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span>valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span>The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span>sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span>adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span>classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span>spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span>Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span>trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span>sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>re classified at fair<span class=\"_ _0\"></span> value through p<span class=\"_ _0\"></span>rofit or loss, with ne<span class=\"_ _0\"></span>t gains due to m<span class=\"_ _0\"></span>ovements in f<span class=\"_ _0\"></span>air val<span class=\"ls184\">ue recognised </span>through net income or gains on<span class=\"_ _0\"></span> investments and other financ<span class=\"_ _0\"></span>ial instruments. <span class=\"ls0\"> </span>The fair values of investments <span class=\"_ _4\"></span>in fund p<span class=\"ls18c\">roducts other than CLOs are typica<span class=\"_ _0\"></span>lly derived from their reported NAV<span class=\"_ _0\"></span>s, which in turn are based </span>on the<span class=\"ls0\"> <span class=\"ls18e\">value of the underlying assets. <span class=\"_ _4\"></span>The valuation of the underlying assets wit<span class=\"_ _4\"></span>hin each fund product is determined by external </span></span>valuation service providers bas<span class=\"ls188\">ed on <span class=\"_ _4\"></span>an agreed valuation policy and methodology. Whil<span class=\"_ _4\"></span>e these valuations are performed independently </span>of Man Group, we have established over<span class=\"_ _4\"></span>sight procedures and due diligence proces<span class=\"_ _4\"></span>ses to ensure that the NAVs reported by <span class=\"_ _4\"></span>the ex<span class=\"ls186\">ternal </span>valuation service provi<span class=\"ls17f\">ders are <span class=\"_ _4\"></span>reliable and appropriate. Pur<span class=\"_ _4\"></span>chases and sales of investments are r<span class=\"_ _4\"></span>ecognised on trade date.<span class=\"ls0\"> </span></span>Our holdings i<span class=\"_ _4\"></span>n unconsolidated CLO <span class=\"_ _4\"></span>risk retention <span class=\"_ _4\"></span>assets <span class=\"ls18e\">are<span class=\"ls0\"> <span class=\"ls184\">priced using a bott<span class=\"_ _4\"></span>om<span class=\"ls0\">-</span>up valuation method. We use third<span class=\"ls0\">-</span>party <span class=\"_ _4\"></span>valuations </span></span></span>to price the securitie<span class=\"ls199\">s within the underlying portfolios and then apply the percentage of the CLO notes we hold to these valuations. <span class=\"ls0\"> </span></span>Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span>We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span>developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span>and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span>exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span>maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span>and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span>investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span>Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span>notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span>after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span>ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span>reporting period. <span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The control considerations under <span class=\"_ _4\"></span>IFRS 10 \u2018Consolidated Financial Stat<span class=\"_ _4\"></span>ements\u2019 apply <span class=\"ls186\">to fund product investments, including th<span class=\"_ _0\"></span>ose </span>underlying our repo and TRS i<span class=\"_ _4\"></span>nstruments. Fund entities deemed to <span class=\"_ _4\"></span>be controlled are consolidated <span class=\"_ _4\"></span>on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis from the d<span class=\"_ _0\"></span>ate </span></span>control commences until it ceases. I<span class=\"_ _4\"></span>n the control assessment, we consider our<span class=\"ls0\"> <span class=\"ls188\">exposure to vari<span class=\"_ _4\"></span>able returns and the existence of </span></span>substantive kick<span class=\"ls0\">-<span class=\"ls183\">out rights. Other factors<span class=\"_ _4\"></span> considered include the nature of <span class=\"_ _4\"></span>relevant fee arrangements, the decision<span class=\"ls0\">-<span class=\"ls19b\">mak<span class=\"_ _4\"></span>ing powers<span class=\"_ _4\"></span> we </span></span></span></span>hold as investment manager or a<span class=\"_ _4\"></span>dviser and whether the shares we hol<span class=\"_ _4\"></span>d inc<span class=\"ls185\">lude voting rights<span class=\"_ _0\"></span>. Where we <span class=\"ls17f\">do not<span class=\"ls0\"> <span class=\"ls18e\">control the fund, our </span></span></span></span>investment is<span class=\"_ _0\"></span> classified within<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span>s in fund prod<span class=\"_ _0\"></span>ucts. <span class=\"ls0\"> </span>We only hav<span class=\"_ _4\"></span>e limited <span class=\"_ _4\"></span>exposure to <span class=\"_ _4\"></span>the variab<span class=\"_ _4\"></span>le returns<span class=\"_ _4\"></span> of the fun<span class=\"_ _4\"></span>d entities<span class=\"_ _4\"></span> we manage unl<span class=\"_ _4\"></span>ess we eith<span class=\"_ _4\"></span>er hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n t<span class=\"ls184\">he fund </span>en<span class=\"ls186\">tity or receive the returns of the fund entity<span class=\"_ _0\"></span> via a TRS or repo arrangeme<span class=\"_ _0\"></span>nt. For most fund entities: the existence<span class=\"_ _0\"></span> of indepe<span class=\"ls197\">ndent </span></span>boards of directors; ri<span class=\"_ _4\"></span>ghts which allow for the removal <span class=\"_ _4\"></span>of the investment manager or adviser; <span class=\"_ _4\"></span>the influence of external i<span class=\"_ _4\"></span>nves<span class=\"ls186\">tors; limited </span>exposure to variable returns; <span class=\"_ _4\"></span>and the arm\u2019s length nature of our <span class=\"_ _4\"></span>contracts with those fund entities, <span class=\"_ _4\"></span>indicate that we do not <span class=\"ls18e\">control them. </span>As a result, <span class=\"_ _4\"></span>the associated asset<span class=\"_ _4\"></span>s, liabiliti<span class=\"_ _4\"></span>es, and results <span class=\"_ _4\"></span>of these funds ar<span class=\"_ _4\"></span>e not consolidated <span class=\"_ _4\"></span>into t<span class=\"ls184\">he financial <span class=\"_ _4\"></span>statements. <span class=\"ls0\"> </span></span>The assets held by the CLOs we consol<span class=\"_ _4\"></span>idate are priced using independent pr<span class=\"_ _4\"></span>icing sources. Other than subordinated <span class=\"_ _4\"></span>notes, the d<span class=\"ls188\">ebt </span>liabilities of<span class=\"ls0\"> <span class=\"ls18e\">consolidated CLOs are valued at par plus accrued interest, <span class=\"_ _4\"></span>which is considered equival<span class=\"ls188\">ent to fair val<span class=\"_ _4\"></span>ue. The subordinated </span></span></span>notes of these CLOs are pr<span class=\"_ _4\"></span>iced using an intrinsi<span class=\"_ _4\"></span>c valuation approach, exc<span class=\"_ _4\"></span>luding any potential futur<span class=\"_ _4\"></span>e value.<span class=\"ls0\"> </span>Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span>and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span>straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span>Third<span class=\"ls0\">-<span class=\"ls184\">party interests in c<span class=\"_ _4\"></span>onsolidated fund entities ar<span class=\"_ _4\"></span>e measured at <span class=\"ls186\">fair value, typically derived from the reported NAV<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></span></span></span>Fund product investments held for <span class=\"_ _4\"></span>deferred compensation arrangements<span class=\"ls0\"> </span>We hold fun<span class=\"_ _4\"></span>d product i<span class=\"_ _4\"></span>nvestments re<span class=\"_ _4\"></span>lated to de<span class=\"_ _4\"></span>ferred compe<span class=\"_ _4\"></span>nsation arr<span class=\"_ _4\"></span>an<span class=\"ls184\">gements to offset any change in <span class=\"_ _4\"></span>the associated compensation </span>cost over the vesting period. <span class=\"_ _4\"></span>At vesting, the value of the fund i<span class=\"_ _4\"></span>nvestment is delivered to the employee. These fund <span class=\"_ _4\"></span>product i<span class=\"ls197\">nvestments </span>are measured at fair value and incl<span class=\"_ _4\"></span>ude balances held by the <span class=\"ls197\">Employee Trust.<span class=\"ls0\"> </span></span>Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span>From time to time, Man Group warehouses <span class=\"_ _4\"></span>loans it underwrites and ori<span class=\"_ _4\"></span>ginates with the intention of<span class=\"_ _4\"></span> syndicating such loans foll<span class=\"ls183\">owing </span>a <span class=\"ls199\">short period of time. These investments in loans are included within investments in fu<span class=\"ls197\">nd product<span class=\"_ _4\"></span>s and other investments on the </span></span>consolidated balance sheet<span class=\"ls0\"> </span>and measured at fair val<span class=\"_ _4\"></span>ue through profit or loss<span class=\"ls0\">. </span>Hedge accounting<span class=\"ls0\"> </span>We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span>losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span>consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span>income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span><span class=\"ls197\"> </span><span class=\"ls197\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span>F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span>through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span>Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span>combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span>Fair value hierarchy<span class=\"ls0\"> </span>We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span>prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span>The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span>liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span>primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span>information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span>valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span>The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span>sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span>adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span>classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span>spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span>Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span>trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span>sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>re classified at fair<span class=\"_ _0\"></span> value through p<span class=\"_ _0\"></span>rofit or loss, with ne<span class=\"_ _0\"></span>t gains due to m<span class=\"_ _0\"></span>ovements in f<span class=\"_ _0\"></span>air val<span class=\"ls184\">ue recognised </span>through net income or gains on<span class=\"_ _0\"></span> investments and other financ<span class=\"_ _0\"></span>ial instruments. <span class=\"ls0\"> </span>The fair values of investments <span class=\"_ _4\"></span>in fund p<span class=\"ls18c\">roducts other than CLOs are typica<span class=\"_ _0\"></span>lly derived from their reported NAV<span class=\"_ _0\"></span>s, which in turn are based </span>on the<span class=\"ls0\"> <span class=\"ls18e\">value of the underlying assets. <span class=\"_ _4\"></span>The valuation of the underlying assets wit<span class=\"_ _4\"></span>hin each fund product is determined by external </span></span>valuation service providers bas<span class=\"ls188\">ed on <span class=\"_ _4\"></span>an agreed valuation policy and methodology. Whil<span class=\"_ _4\"></span>e these valuations are performed independently </span>of Man Group, we have established over<span class=\"_ _4\"></span>sight procedures and due diligence proces<span class=\"_ _4\"></span>ses to ensure that the NAVs reported by <span class=\"_ _4\"></span>the ex<span class=\"ls186\">ternal </span>valuation service provi<span class=\"ls17f\">ders are <span class=\"_ _4\"></span>reliable and appropriate. Pur<span class=\"_ _4\"></span>chases and sales of investments are r<span class=\"_ _4\"></span>ecognised on trade date.<span class=\"ls0\"> </span></span>Our holdings i<span class=\"_ _4\"></span>n unconsolidated CLO <span class=\"_ _4\"></span>risk retention <span class=\"_ _4\"></span>assets <span class=\"ls18e\">are<span class=\"ls0\"> <span class=\"ls184\">priced using a bott<span class=\"_ _4\"></span>om<span class=\"ls0\">-</span>up valuation method. We use third<span class=\"ls0\">-</span>party <span class=\"_ _4\"></span>valuations </span></span></span>to price the securitie<span class=\"ls199\">s within the underlying portfolios and then apply the percentage of the CLO notes we hold to these valuations. <span class=\"ls0\"> </span></span>Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span>We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span>developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span>and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span>exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span>maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span>and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span>investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span>Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span>notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span>after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span>ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span>reporting period. <span class=\"ls0\"> </span>Consolidation<span class=\"ls0\"> </span>The control considerations under <span class=\"_ _4\"></span>IFRS 10 \u2018Consolidated Financial Stat<span class=\"_ _4\"></span>ements\u2019 apply <span class=\"ls186\">to fund product investments, including th<span class=\"_ _0\"></span>ose </span>underlying our repo and TRS i<span class=\"_ _4\"></span>nstruments. Fund entities deemed to <span class=\"_ _4\"></span>be controlled are consolidated <span class=\"_ _4\"></span>on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis from the d<span class=\"_ _0\"></span>ate </span></span>control commences until it ceases. I<span class=\"_ _4\"></span>n the control assessment, we consider our<span class=\"ls0\"> <span class=\"ls188\">exposure to vari<span class=\"_ _4\"></span>able returns and the existence of </span></span>substantive kick<span class=\"ls0\">-<span class=\"ls183\">out rights. Other factors<span class=\"_ _4\"></span> considered include the nature of <span class=\"_ _4\"></span>relevant fee arrangements, the decision<span class=\"ls0\">-<span class=\"ls19b\">mak<span class=\"_ _4\"></span>ing powers<span class=\"_ _4\"></span> we </span></span></span></span>hold as investment manager or a<span class=\"_ _4\"></span>dviser and whether the shares we hol<span class=\"_ _4\"></span>d inc<span class=\"ls185\">lude voting rights<span class=\"_ _0\"></span>. Where we <span class=\"ls17f\">do not<span class=\"ls0\"> <span class=\"ls18e\">control the fund, our </span></span></span></span>investment is<span class=\"_ _0\"></span> classified within<span class=\"_ _0\"></span> investment<span class=\"_ _0\"></span>s in fund prod<span class=\"_ _0\"></span>ucts. <span class=\"ls0\"> </span>We only hav<span class=\"_ _4\"></span>e limited <span class=\"_ _4\"></span>exposure to <span class=\"_ _4\"></span>the variab<span class=\"_ _4\"></span>le returns<span class=\"_ _4\"></span> of the fun<span class=\"_ _4\"></span>d entities<span class=\"_ _4\"></span> we manage unl<span class=\"_ _4\"></span>ess we eith<span class=\"_ _4\"></span>er hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n t<span class=\"ls184\">he fund </span>en<span class=\"ls186\">tity or receive the returns of the fund entity<span class=\"_ _0\"></span> via a TRS or repo arrangeme<span class=\"_ _0\"></span>nt. For most fund entities: the existence<span class=\"_ _0\"></span> of indepe<span class=\"ls197\">ndent </span></span>boards of directors; ri<span class=\"_ _4\"></span>ghts which allow for the removal <span class=\"_ _4\"></span>of the investment manager or adviser; <span class=\"_ _4\"></span>the influence of external i<span class=\"_ _4\"></span>nves<span class=\"ls186\">tors; limited </span>exposure to variable returns; <span class=\"_ _4\"></span>and the arm\u2019s length nature of our <span class=\"_ _4\"></span>contracts with those fund entities, <span class=\"_ _4\"></span>indicate that we do not <span class=\"ls18e\">control them. </span>As a result, <span class=\"_ _4\"></span>the associated asset<span class=\"_ _4\"></span>s, liabiliti<span class=\"_ _4\"></span>es, and results <span class=\"_ _4\"></span>of these funds ar<span class=\"_ _4\"></span>e not consolidated <span class=\"_ _4\"></span>into t<span class=\"ls184\">he financial <span class=\"_ _4\"></span>statements. <span class=\"ls0\"> </span></span>The assets held by the CLOs we consol<span class=\"_ _4\"></span>idate are priced using independent pr<span class=\"_ _4\"></span>icing sources. Other than subordinated <span class=\"_ _4\"></span>notes, the d<span class=\"ls188\">ebt </span>liabilities of<span class=\"ls0\"> <span class=\"ls18e\">consolidated CLOs are valued at par plus accrued interest, <span class=\"_ _4\"></span>which is considered equival<span class=\"ls188\">ent to fair val<span class=\"_ _4\"></span>ue. The subordinated </span></span></span>notes of these CLOs are pr<span class=\"_ _4\"></span>iced using an intrinsi<span class=\"_ _4\"></span>c valuation approach, exc<span class=\"_ _4\"></span>luding any potential futur<span class=\"_ _4\"></span>e value.<span class=\"ls0\"> </span>Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span>and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span>straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span>Third<span class=\"ls0\">-<span class=\"ls184\">party interests in c<span class=\"_ _4\"></span>onsolidated fund entities ar<span class=\"_ _4\"></span>e measured at <span class=\"ls186\">fair value, typically derived from the reported NAV<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></span></span></span>Fund product investments held for <span class=\"_ _4\"></span>deferred compensation arrangements<span class=\"ls0\"> </span>We hold fun<span class=\"_ _4\"></span>d product i<span class=\"_ _4\"></span>nvestments re<span class=\"_ _4\"></span>lated to de<span class=\"_ _4\"></span>ferred compe<span class=\"_ _4\"></span>nsation arr<span class=\"_ _4\"></span>an<span class=\"ls184\">gements to offset any change in <span class=\"_ _4\"></span>the associated compensation </span>cost over the vesting period. <span class=\"_ _4\"></span>At vesting, the value of the fund i<span class=\"_ _4\"></span>nvestment is delivered to the employee. These fund <span class=\"_ _4\"></span>product i<span class=\"ls197\">nvestments </span>are measured at fair value and incl<span class=\"_ _4\"></span>ude balances held by the <span class=\"ls197\">Employee Trust.<span class=\"ls0\"> </span></span>Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span>From time to time, Man Group warehouses <span class=\"_ _4\"></span>loans it underwrites and ori<span class=\"_ _4\"></span>ginates with the intention of<span class=\"_ _4\"></span> syndicating such loans foll<span class=\"ls183\">owing </span>a <span class=\"ls199\">short period of time. These investments in loans are included within investments in fu<span class=\"ls197\">nd product<span class=\"_ _4\"></span>s and other investments on the </span></span>consolidated balance sheet<span class=\"ls0\"> </span>and measured at fair val<span class=\"_ _4\"></span>ue through profit or loss<span class=\"ls0\">. </span>Hedge accounting<span class=\"ls0\"> </span>We apply c<span class=\"_ _4\"></span>ash flow hedg<span class=\"_ _4\"></span>e accounting <span class=\"_ _4\"></span>to fund in<span class=\"_ _4\"></span>vestments rel<span class=\"_ _4\"></span>ated to def<span class=\"_ _4\"></span>erred fund <span class=\"_ _4\"></span>product awar<span class=\"_ _4\"></span>ds, whereby <span class=\"_ _4\"></span>the offsett<span class=\"_ _4\"></span>ing <span class=\"ls184\">gains or </span>losses on thes<span class=\"_ _0\"></span>e fund produ<span class=\"_ _0\"></span>cts are match<span class=\"_ _0\"></span>ed against the<span class=\"_ _0\"></span> correspond<span class=\"_ _0\"></span>ing fund prod<span class=\"_ _0\"></span>uct<span class=\"ls0\">-<span class=\"ls17f\">based payment compensation charge in the </span></span>consolidated income statement pro rata over <span class=\"_ _4\"></span>the vesting period. Gains or losses<span class=\"_ _4\"></span> are recognised through other comprehensive in<span class=\"ls18e\">come<span class=\"ls0\"> </span>and held within the cash flow hedge reserve in equit<span class=\"_ _4\"></span>y until they are recycled over the ves<span class=\"_ _4\"></span>ting period into the consolidated </span>income statem<span class=\"_ _0\"></span>ent.<span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>All lease li<span class=\"_ _4\"></span>abilities are <span class=\"_ _4\"></span>measured at the present<span class=\"_ _4\"></span> value of lease <span class=\"_ _4\"></span>payments due over the <span class=\"_ _4\"></span>lease term, discount<span class=\"_ _4\"></span>ed using our incr<span class=\"_ _4\"></span>e<span class=\"ls19b\">mental cos<span class=\"_ _4\"></span>t </span>of borrowing (bei<span class=\"ls197\">ng the rat<span class=\"_ _4\"></span>e we would have to pay to fi<span class=\"_ _4\"></span>nance a similar asset) <span class=\"_ _4\"></span>at the lease commencement date or <span class=\"_ _4\"></span>the modification date. </span>The lease liability i<span class=\"_ _4\"></span>s adjusted for lease payments and unwind <span class=\"_ _4\"></span>of lease liability discount <span class=\"_ _4\"></span>as well as the impact of any subseq<span class=\"ls184\">uent<span class=\"_ _4\"></span> lease </span>mo<span class=\"ls17f\">difications. The unwind <span class=\"_ _4\"></span>of lease liability <span class=\"_ _4\"></span>discount is included withi<span class=\"_ _4\"></span>n finance expense.<span class=\"ls0\"> </span></span>Cash payments in r<span class=\"_ _4\"></span>elation to leases<span class=\"_ _4\"></span>, which reduce the <span class=\"_ _4\"></span>lease liabilit<span class=\"_ _4\"></span>y recognised on the <span class=\"_ _4\"></span>consolidated balance <span class=\"_ _4\"></span>sheet, are prese<span class=\"ls197\">nted as </span>payment of lease interest <span class=\"_ _4\"></span>(within operating activi<span class=\"_ _4\"></span>ties) and repayments of pri<span class=\"_ _4\"></span>ncipal lease liabil<span class=\"_ _4\"></span>ity (within financing <span class=\"_ _4\"></span>activities) in the consolidated cash flow statement. Payments in <span class=\"_ _4\"></span>relation to short<span class=\"ls0\">-<span class=\"ls186\">term leases and leases of low</span>-</span>value assets are included within cash flows from operating a<span class=\"ls18e\">ctivities.</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span><span class=\"ls197\"> </span><span class=\"ls197\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls185\"><span class=\"ls0\"><span class=\"ls17a\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></span></span></span>Accounting policy<span class=\"ls0\"> </span>Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span>F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span>through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span>Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span>combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span>Fair value hierarchy<span class=\"ls0\"> </span>We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span>prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span>The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span>liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span>primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span>information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span>valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span>The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span>sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span>adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span>classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span>spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span>Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span>trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span>sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Seeding investments portfol<span class=\"_ _4\"></span>io<span class=\"ls0\"> </span>We use capi<span class=\"_ _4\"></span>tal to i<span class=\"_ _4\"></span>nvest in fu<span class=\"_ _4\"></span>nd products a<span class=\"_ _4\"></span>s part of <span class=\"_ _4\"></span>our ongoing <span class=\"_ _4\"></span>business, t<span class=\"_ _4\"></span>o build pr<span class=\"_ _4\"></span>oduct breadth<span class=\"_ _4\"></span> and to tri<span class=\"_ _4\"></span>al i<span class=\"ls197\">nvestment <span class=\"_ _4\"></span>research </span>developments before marketing the product<span class=\"_ _4\"></span>s broadly to investors. Seed capi<span class=\"_ _4\"></span>tal is invested via di<span class=\"_ _4\"></span>rect holdings in fund product<span class=\"_ _4\"></span><span class=\"ls199\">s or sale </span>and repurchase (repo) arrangements, which allow us t<span class=\"_ _4\"></span>o finance seed investments <span class=\"ls185\">in a cash<span class=\"ls0\">-<span class=\"ls188\">efficient way<span class=\"ls190\">. Alternatively, we<span class=\"_ _0\"></span> may obtain </span></span></span></span>exposure to seed investments via tot<span class=\"_ _4\"></span>al return swap (TRS) arrangements. Under a repo <span class=\"_ _4\"></span>arrangement we are committed to repurchase the<span class=\"ls0\"> <span class=\"ls184\">underlying seed investments at maturi<span class=\"_ _4\"></span>ty and pay an interest char<span class=\"_ _4\"></span>ge over the period, with the <span class=\"_ _4\"></span>o<span class=\"ls17f\">bligation to repurchase t<span class=\"_ _4\"></span>he assets on </span></span></span>maturity<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls18c\">recorded as a liability within trad<span class=\"_ _0\"></span>e and other payables. Unde<span class=\"_ _0\"></span>r a TRS arrangement, w<span class=\"_ _0\"></span>e are under no form of repaym<span class=\"_ _0\"></span>ent obligatio<span class=\"ls197\">n </span></span></span>and have no ownership interest (or voti<span class=\"_ _4\"></span>ng rights) in the underlying investment. I<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls188\">exchange for the returns on the underlyi<span class=\"_ _4\"></span>ng seed </span></span>investments<span class=\"_ _0\"></span>, we pay a floatin<span class=\"_ _0\"></span>g rate of interes<span class=\"_ _0\"></span>t.<span class=\"ls0\"> </span>Other than our h<span class=\"_ _4\"></span>oldings in CLOs and <span class=\"_ _4\"></span>co<span class=\"ls0\">-<span class=\"ls1ae\">investments, ou<span class=\"_ _0\"></span>r seed investm<span class=\"_ _0\"></span>ents are gen<span class=\"_ _0\"></span>erally liquid in n<span class=\"_ _0\"></span>ature and ma<span class=\"_ _0\"></span>y be liquidated<span class=\"_ _0\"></span> at short </span></span>notice. It is not<span class=\"_ _4\"></span> pract<span class=\"ls1ae\">icable to allocate ou<span class=\"_ _0\"></span>r seeding inv<span class=\"_ _0\"></span>estments po<span class=\"_ _0\"></span>rtfolio between<span class=\"_ _0\"></span> amounts ex<span class=\"_ _0\"></span>pected to be re<span class=\"_ _0\"></span>covered or se<span class=\"_ _0\"></span>ttled within or </span>after 12 months after the end of <span class=\"_ _4\"></span>the reporting period as the sale <span class=\"_ _4\"></span>or liquidation of seed investments i<span class=\"_ _4\"></span>s subject to client ass<span class=\"ls1af\">et raising <span class=\"_ _4\"></span>and t<span class=\"ls1a0\">he </span></span>ongoing requirements of the business<span class=\"_ _4\"></span>. The majority of our CLO holdings <span class=\"_ _4\"></span>are likely to be settled <span class=\"_ _4\"></span>more than 12 months after the<span class=\"ls0\"> <span class=\"ls1af\">end <span class=\"_ _4\"></span>of the </span></span>reporting period. <span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fun<span class=\"_ _0\"></span>d entities comp<span class=\"_ _0\"></span>rises land and b<span class=\"_ _0\"></span>uildings held to ea<span class=\"_ _0\"></span>rn rent or for cap<span class=\"_ _0\"></span><span class=\"ls185\">ital apprecia<span class=\"_ _0\"></span>tion, or both, </span>and is measured at cost less depreci<span class=\"_ _4\"></span>ation and impairment. Other than land, which is <span class=\"_ _4\"></span>not depreciated, depreciation is cal<span class=\"_ _4\"></span>culat<span class=\"ls188\">ed on a </span>straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e (between th<span class=\"_ _0\"></span>ree and 30 ye<span class=\"_ _0\"></span>ars).</span> </span>For arrangements where we are the <span class=\"ls185\">lessee, a ROU lease asset a<span class=\"_ _0\"></span>nd a related lea<span class=\"_ _0\"></span>se liability are reco<span class=\"_ _0\"></span>gnised on th<span class=\"_ _0\"></span>e consolidated<span class=\"_ _0\"></span> balance </span>sheet at the date from which we have the right to use the asset, usually the lease commencement date. For short<span class=\"ls0\">-<span class=\"ls186\">term leases (defined </span></span>as leases with a term of<span class=\"ls0\"> <span class=\"ls183\">one year or <span class=\"_ _4\"></span>less) and leases of low<span class=\"ls0\">-<span class=\"ls18e\">value assets, <span class=\"_ _4\"></span>we recognise the lease payments on a straight<span class=\"ls0\">-<span class=\"ls1bb\">line basis over </span></span></span></span></span></span>the lease term within other costs in the<span class=\"_ _0\"></span> consolidated income statem<span class=\"_ _0\"></span>ent. The exercise of break claus<span class=\"_ _0\"></span>es inherent in our leases <span class=\"ls18e\">are typically </span>not <span class=\"ls18c\">reflected in the lease term other than on<span class=\"_ _0\"></span> the occurrence of a significant e<span class=\"_ _0\"></span>vent or change in circumsta<span class=\"_ _0\"></span>nces.<span class=\"ls0\"> </span></span>ROU lease assets r<span class=\"_ _4\"></span>elating to the p<span class=\"_ _4\"></span>ortion of our lea<span class=\"_ _4\"></span>sed business premises <span class=\"_ _4\"></span>which we then sub<span class=\"ls0\">-<span class=\"ls185\">let under opera<span class=\"_ _0\"></span>ting leases are<span class=\"_ _0\"></span> classified </span></span>as<span class=\"ls0\"> <span class=\"ls185\">investment p<span class=\"_ _0\"></span><span class=\"ls18c\">roperty, with other ROU leas<span class=\"_ _0\"></span>e assets classified as leasehold prope<span class=\"_ _0\"></span>rty. Transfers from investmen<span class=\"_ _0\"></span>t property to leasehold </span></span></span>property occur when we commence development of a <span class=\"_ _4\"></span>previously sub<span class=\"ls0\">-<span class=\"ls185\">let portion of our leased<span class=\"_ _0\"></span> business pr<span class=\"_ _0\"></span>emises with a<span class=\"_ _0\"></span> view to </span></span>occupying that<span class=\"ls0\"> <span class=\"ls199\">space. Similarly, transfers from leasehold property to investment property occur when we cease to occupy a portion </span></span>of<span class=\"ls0\"> <span class=\"ls186\">the leased business premises<span class=\"_ _0\"></span> with the intention of sub</span>-<span class=\"ls185\">let<span class=\"_ _0\"></span>ting that space<span class=\"_ _0\"></span> under an op<span class=\"_ _0\"></span>erating lease. In<span class=\"_ _0\"></span>vestment pro<span class=\"_ _0\"></span>perty ROU lea<span class=\"_ _0\"></span>se </span></span>assets are derecognised when the associated space <span class=\"_ _4\"></span>is sub<span class=\"ls0\">-<span class=\"ls185\">let under a fin<span class=\"_ _0\"></span>ance lease, w<span class=\"_ _0\"></span>ith a finance le<span class=\"_ _0\"></span>ase receivable<span class=\"_ _0\"></span> recognised in<span class=\"_ _0\"></span> the </span></span>consolidated balance sheet on lease commencement.<span class=\"ls0\"> </span>All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span>Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span>commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span>costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span>shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span>other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span>be recoverable.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs7c\">The seeding investments portfolio <span class=\"_ _4\"></span>reflects our exposure to holdings<span class=\"_ _4\"></span> in investments in fund products, <span class=\"_ _4\"></span>as follows:<span class=\"ls0\"> </span></div><div class=\"gs7d\"><table class=\"s w86 hdf\" id=\"_2580e4d6-a151-4712-b1e9-5107d33e0151\"><tr><td></td><td class=\"c x1e6 y2795 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2795 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2796 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2796 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2797 w28 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2797 w1f h9e\"><div class=\"t m1 x16f h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">247<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2797 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">231<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2798 w28 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2798 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ed y2798 w20 h9d\"><div class=\"t m1 x24 h9b y1f29 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2799 w28 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2799 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2799 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y279a w28 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: other <span class=\"ls186\">transfera<span class=\"_ _0\"></span>ble securities</span><span class=\"ls186\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y279a w1f h9e\"><div class=\"t m1 x16f h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">32</span> </div></td><td class=\"c x1ed y279a w20 h9e\"><div class=\"t m1 x189 h9b y1f2e ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y279b w28 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls18b ws0\">Other investments<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y279b w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y279b w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y279c w28 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls195 ws0\">Investments in fu<span class=\"_ _0\"></span>nd products and<span class=\"_ _0\"></span> other investmen<span class=\"_ _0\"></span>ts<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y279c w1f h9d\"><div class=\"t m1 x1be h9b y1f26 ff5b fs2e fcb sc0 ls17e ws0\">2,<span class=\"ls17d\">53<span class=\"ls0\">9</span></span><span class=\"ls17d\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ed y279c w20 h9d\"><div class=\"t m1 x1c3 h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">2,414<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y279d w28 h9d\"><div class=\"t m1 x1b8 h9b y1f7c ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y279e w28 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">Fund investments held for deferr<span class=\"_ _4\"></span>ed compensation arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y279e w1f h9e\"><div class=\"t m1 x75 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(211)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y279e w20 h9e\"><div class=\"t m1 x75 h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(189)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y279f w28 h9d\"><div class=\"t m1 x1bf h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: exclude co<span class=\"_ _0\"></span>nsolidation gro<span class=\"_ _0\"></span>ss<span class=\"ls0\">-<span class=\"ls184\">up of net investment</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y279f w1f h9d\"><div class=\"t m1 x1ba h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,<span class=\"ls181\">857</span><span class=\"ls181\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ed y279f w20 h9d\"><div class=\"t m1 x1c2 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(1,692)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27a0 w28 h9e\"><div class=\"t m1 x1bf h9b y1f39 ff59 fs2e fcb sc0 ls18b ws0\">Other investments<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27a0 w1f h9e\"><div class=\"t m1 x3 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27a0 w20 h9e\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27a1 w28 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff5b fs2e fcb sc0 ls18a ws0\">Seeding investments portfo<span class=\"_ _4\"></span>lio<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27a1 w1f h9e\"><div class=\"t m1 x16f h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">4<span class=\"ls188\">70</span> </div></td><td class=\"c x1ed y27a1 w20 h9e\"><div class=\"t m1 x189 h9b y1fa4 ff59 fs2e fcb sc0 ls17f ws0\">532<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs7e\">Included in fund<span class=\"_ _0\"></span> investments h<span class=\"_ _0\"></span>eld for deferred c<span class=\"_ _0\"></span>ompensation<span class=\"_ _0\"></span> arrangemen<span class=\"_ _0\"></span>ts at 31 Decem<span class=\"_ _0\"></span>ber 202<span class=\"ls0\">5 <span class=\"ls18e\">are balances of <span class=\"ls197\">$100 <span class=\"ls19b\">million (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs7f\">$<span class=\"ls17e\">87</span> <span class=\"ls19b\">million)<span class=\"_ _4\"></span> which ar<span class=\"_ _4\"></span>e expected<span class=\"_ _4\"></span> to be se<span class=\"_ _4\"></span>ttled af<span class=\"_ _4\"></span>ter more t<span class=\"_ _4\"></span>han 12 mon<span class=\"_ _4\"></span>ths.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs80\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, exposure to fund produ<span class=\"_ _0\"></span>cts vi<span class=\"ls18e\">a <span class=\"ls183\">TRS was <span class=\"ls197\">$133 <span class=\"ls19b\">million<span class=\"_ _4\"></span> (202<span class=\"ls0\">4<span class=\"ls190\">: $23</span>2 </span>million).<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls181\">Additional exposure <span class=\"_ _4\"></span>via<span class=\"ls0\"> <span class=\"ls18c\">repo arrangements </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls187 ws0 gs81\">(included within investm<span class=\"_ _0\"></span>ents in fund products<span class=\"_ _0\"></span>, with an offsetting repaym<span class=\"_ _0\"></span>ent obligation included w<span class=\"_ _0\"></span>ithin trade and other pay<span class=\"_ _0\"></span>abl<span class=\"ls188\">es) was </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls197 ws0 gs82\">$4<span class=\"ls0\"> <span class=\"ls19b\">million <span class=\"_ _4\"></span>(202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17c\">16</span></span> </span>million<span class=\"_ _4\"></span>).<span class=\"ls0\"> <span class=\"ls183\">The <span class=\"ls185\">largest single inve<span class=\"_ _0\"></span>stment in fun<span class=\"_ _0\"></span>d products at<span class=\"_ _0\"></span> 31 Decemb<span class=\"_ _0\"></span>er 202</span></span>5 <span class=\"ls17a\">was </span>$<span class=\"ls17f\">54 </span></span>million (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17f\">52</span></span> </span>million). </span></span><span class=\"ls0\"><span class=\"ls19b\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls17d ws0 gs83\">5.1. Net income or <span class=\"_ _4\"></span>gains on investments <span class=\"ls17f\">and <span class=\"ls197\">other <span class=\"ls19e\">financial instruments <span class=\"ls0\"> </span></span></span></span></div><div class=\"gs84\"><table class=\"s w87 he0\" id=\"_2a382f4f-7a81-4a99-8f1e-4e7d8e23dbb3\"><tr><td></td><td class=\"c x1e6 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27a3 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27a3 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27a4 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls182 ws0\">Net<span class=\"ls0\"> <span class=\"ls184\">gains</span> <span class=\"ls183\">on seeding investments portfol<span class=\"_ _4\"></span>io</span></span><span class=\"ls0\"><span class=\"ls183\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y27a4 w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27a4 w20 h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27a5 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Consolidated fund <span class=\"_ _4\"></span>entities: gross<span class=\"ls0\">-<span class=\"ls184\">up of net<span class=\"_ _4\"></span> gains on investments</span></span><span class=\"ls0\"><span class=\"ls184\"> <span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y27a5 w1f h9d\"><div class=\"t m1 x1bb h9b y209b ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27a5 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls17f ws0\">32<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27a6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">Foreign exchange movements <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27a6 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1ed y27a6 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y27a7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls182 ws0\">Net gains on f<span class=\"_ _4\"></span>und investments held<span class=\"_ _4\"></span> for deferred compens<span class=\"_ _4\"></span>ation arrangements <span class=\"_ _4\"></span>and other investment<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27a7 w1f h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y27a7 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y27a8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls189 ws0\">Net income or ga<span class=\"_ _4\"></span>ins on investments<span class=\"_ _4\"></span> and other <span class=\"ls19e\">financial instruments</span><span class=\"ls19e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y27a8 w1f h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">84 </div></td><td class=\"c x1ed y27a8 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls17e ws0\">88<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls17d ws0 gs86\">5.2. Consolidation of<span class=\"_ _4\"></span> investments in funds<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs87\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, our interests in </span>29 <span class=\"ls187\">(202</span>4<span class=\"_ _0\"></span><span class=\"ls190\">: </span>36<span class=\"ls187\">) funds<span class=\"ls190\">, inc<span class=\"_ _0\"></span>luding CLOs,</span></span> <span class=\"_ _0\"></span><span class=\"ls19b\">met the d<span class=\"_ _4\"></span>efiniti<span class=\"_ _4\"></span>on of cont<span class=\"_ _4\"></span>rol and <span class=\"_ _4\"></span>have there<span class=\"_ _4\"></span>fore been </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs88\">consolidated on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18a ws0 gs89\">Consolidated fund <span class=\"_ _4\"></span>entities are i<span class=\"_ _4\"></span>ncluded within the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>balance sheet<span class=\"ls0\"> <span class=\"ls18e\">and income statement as follows:</span> </span></span></span></div><div class=\"gs8a\"><table class=\"s w88 he1\" id=\"_86e4448c-3f31-4778-adec-8f7955416cb5\"><tr><td></td><td class=\"c x1f0 y27a9 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a9 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27aa w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27aa w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ab w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff5b fs2e fcb sc0 ls182 ws0\">Balance sheet<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27ac w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash <span class=\"ls188\">equivalents</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27ac w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">118<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ac w20 h9d\"><div class=\"t m1 x189 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">229<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ad w29 h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">CLO assets<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x177 haa y20a4 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ad w20 h9e\"><div class=\"t m1 x1b9 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ad w20 h9e\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ae w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other t<span class=\"ls18c\">ransferable securities<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x9e haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 xea h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ae w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">32</span> </div></td><td class=\"c x1f7 y27ae w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27af w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y27b0 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls198 ws0\">Investment pro<span class=\"_ _0\"></span>perty<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b0 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b0 w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b1 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b1 w20 h9d\"><div class=\"t m1 x16f h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b1 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b2 w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b2 w20 h9e\"><div class=\"t m1 x1c1 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b2 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b3 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Net assets of <span class=\"_ _4\"></span>consolidated fund <span class=\"_ _4\"></span><span class=\"ls17f\">entities</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27b3 w20 h9d\"><div class=\"t m1 x16f h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">97<span class=\"ls0\">6</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b3 w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff59 fs2e fcb sc0 ls17c ws0\">1,016<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b4 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27b4 w20 h9e\"><div class=\"t m1 x1c3 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17d\">544</span>) </div></td><td class=\"c x1f7 y27b4 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b5 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls189 ws0\">Net investment he<span class=\"_ _4\"></span>ld by Man Group<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b5 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b5 w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">463<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b6 w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls195 ws0\">Income statem<span class=\"_ _0\"></span>ent<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27b7 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls182 ws0\">Net gains on i<span class=\"_ _4\"></span>nvestments<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x60 haa y20aa ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x13d h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls188 ws0\">75<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b7 w20 h9d\"><div class=\"t m1 x24 h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">62<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b8 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18f ws0\">Rental income<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x138 haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x137 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b8 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b8 w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y27b9 w29 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Management fee<span class=\"_ _4\"></span> expenses<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x176 haa y20ac ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 xb8 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b9 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(9)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ba w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls17d ws0\">Performance fee <span class=\"ls188\">expenses<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x176 haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 x1b4 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ba w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ba w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bb w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other costs<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xeb haa y2048 ff64 fs31 fcb sc0 ls0 ws0\">5</div><div class=\"t m1 x1ab h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27bb w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bb w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls197\">of consolidated <span class=\"_ _4\"></span>fund entities</span></span><span class=\"ls0\"><span class=\"ls197\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">40<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bd w29 h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party share of gains</span> <span class=\"ls18c\">relating to interests in consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27bd w20 h9d\"><div class=\"t m1 x189 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(27)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27be w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls17f\">attributable <span class=\"_ _4\"></span>to net investment held by Man Group</span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs8b\">Notes: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs8c\">1 <span class=\"_ _169\"> </span>Included within investments in fund products and other investments. </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs8d\">2 <span class=\"_ _15d\"> </span>Included within net income or gains on investments and other financial instruments. </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs8e\">3 <span class=\"_ _15d\"> </span>Relates to rental income generated from investment property held by consolidated fund entities. </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs8f\">4 <span class=\"_ _15d\"> </span>Relates to management and performance fees paid by the funds to Man Group during the year, which are eliminated within management and other fees and performance fees </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs90\">respectively in the consolidated income statement.  </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs91\">5 <span class=\"_ _15d\"> </span>Includes depreciation, impairment and gains or losses on disposal of investment property held by consolidated fund entities<span class=\"_ _1bd\"> </span>.  </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs92\">Movements in <span class=\"_ _4\"></span>the carryi<span class=\"_ _4\"></span>ng value of <span class=\"_ _4\"></span>investment pr<span class=\"_ _4\"></span>operty held <span class=\"_ _4\"></span>by consolid<span class=\"_ _4\"></span>ated fund ent<span class=\"_ _4\"></span>ities can <span class=\"_ _4\"></span>be analysed <span class=\"_ _4\"></span>as follows:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div><div class=\"gs93\"><table class=\"s w89 he2\" id=\"_275db01a-609a-4bf9-9adb-0490d2e8f094\"><tr><td></td><td class=\"c x1f0 y27bf w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27bf w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c1 w2a h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the <span class=\"ls18e\">year</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27c1 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c1 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls17f ws0\">34<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c2 w2a h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c2 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c2 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr><tr><td class=\"c x1f5 y27c3 w2a h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls180 ws0\">Disposals <span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c3 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c3 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(30)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c4 w2a h9d\"><div class=\"t m1 x0 h9b y1f45 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c4 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c5 w2a h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c5 w20 h9d\"><div class=\"t m1 xeb h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c5 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(4)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c6 w2a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c6 w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c6 w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y27c7 w2a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18f ws0\">Reversal of impai<span class=\"_ _4\"></span>rment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c7 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c7 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y27c8 w2a h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end <span class=\"ls197\">of the year</span><span class=\"ls197\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27c8 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c8 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27c9 w2a h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c9 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c9 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ca w2a h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ca w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27ca w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls1b2 ws0 gs94\">Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fund e<span class=\"_ _0\"></span>ntities was fully d<span class=\"_ _0\"></span>isposed of in 202<span class=\"_ _0\"></span>5. The<span class=\"ls0\"> <span class=\"ls1a1\">fair value of investme<span class=\"_ _0\"></span>nt property held by consolidated<span class=\"_ _0\"></span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls1a1 ws0 gs95\">fund entities of <span class=\"ls0\">$<span class=\"ls1b3\">16</span> <span class=\"ls1a6\">milli<span class=\"_ _4\"></span>on at 31 <span class=\"_ _4\"></span>December <span class=\"ls1b0\">202<span class=\"ls0\">4<span class=\"_ _4\"></span> <span class=\"ls1b4\">was</span> <span class=\"ls1b5\">based on valuat<span class=\"_ _4\"></span>ions provided by independent property <span class=\"_ _4\"></span>experts<span class=\"ls0\"> <span class=\"ls1b0\">or agreed sales<span class=\"_ _4\"></span> prices<span class=\"ls0\">.<span class=\"_ _1bd\"> </span></span></span></span></span></span></span></span></span><span class=\"ls0\"><span class=\"ls1a6\"><span class=\"ls1b0\"><span class=\"ls0\"><span class=\"ls1b5\"><span class=\"ls0\"><span class=\"ls1b0\"><span class=\"ls0\"> </span></span></span></span></span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, exposure to fund produ<span class=\"_ _0\"></span>cts vi<span class=\"ls18e\">a <span class=\"ls183\">TRS was <span class=\"ls197\">$133 <span class=\"ls19b\">million<span class=\"_ _4\"></span> (202<span class=\"ls0\">4<span class=\"ls190\">: $23</span>2 </span>million).<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls181\">Additional exposure <span class=\"_ _4\"></span>via<span class=\"ls0\"> <span class=\"ls18c\">repo arrangements </span></span></span></span></span></span></span></span></span></span>(included within investm<span class=\"_ _0\"></span>ents in fund products<span class=\"_ _0\"></span>, with an offsetting repaym<span class=\"_ _0\"></span>ent obligation included w<span class=\"_ _0\"></span>ithin trade and other pay<span class=\"_ _0\"></span>abl<span class=\"ls188\">es) was </span>$4<span class=\"ls0\"> <span class=\"ls19b\">million <span class=\"_ _4\"></span>(202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17c\">16</span></span> </span>million<span class=\"_ _4\"></span>).<span class=\"ls0\"> <span class=\"ls183\">The <span class=\"ls185\">largest single inve<span class=\"_ _0\"></span>stment in fun<span class=\"_ _0\"></span>d products at<span class=\"_ _0\"></span> 31 Decemb<span class=\"_ _0\"></span>er 202</span></span>5 <span class=\"ls17a\">was </span>$<span class=\"ls17f\">54 </span></span>million (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17f\">52</span></span> </span>million). </span></span><table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "5.2. Consolidation of<span class=\"_ _4\"></span> investments in funds<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, our interests in </span>29 <span class=\"ls187\">(202</span>4<span class=\"_ _0\"></span><span class=\"ls190\">: </span>36<span class=\"ls187\">) funds<span class=\"ls190\">, inc<span class=\"_ _0\"></span>luding CLOs,</span></span> <span class=\"_ _0\"></span><span class=\"ls19b\">met the d<span class=\"_ _4\"></span>efiniti<span class=\"_ _4\"></span>on of cont<span class=\"_ _4\"></span>rol and <span class=\"_ _4\"></span>have there<span class=\"_ _4\"></span>fore been </span></span>consolidated on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis.</span> </span>Consolidated fund <span class=\"_ _4\"></span>entities are i<span class=\"_ _4\"></span>ncluded within the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>balance sheet<span class=\"ls0\"> <span class=\"ls18e\">and income statement as follows:</span> </span></span></span><table class=\"s w88 he1\" id=\"_86e4448c-3f31-4778-adec-8f7955416cb5\"><tr><td></td><td class=\"c x1f0 y27a9 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a9 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27aa w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27aa w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ab w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff5b fs2e fcb sc0 ls182 ws0\">Balance sheet<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27ac w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash <span class=\"ls188\">equivalents</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27ac w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">118<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ac w20 h9d\"><div class=\"t m1 x189 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">229<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ad w29 h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">CLO assets<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x177 haa y20a4 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ad w20 h9e\"><div class=\"t m1 x1b9 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ad w20 h9e\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ae w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other t<span class=\"ls18c\">ransferable securities<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x9e haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 xea h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ae w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">32</span> </div></td><td class=\"c x1f7 y27ae w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27af w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y27b0 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls198 ws0\">Investment pro<span class=\"_ _0\"></span>perty<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b0 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b0 w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b1 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b1 w20 h9d\"><div class=\"t m1 x16f h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b1 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b2 w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b2 w20 h9e\"><div class=\"t m1 x1c1 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b2 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b3 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Net assets of <span class=\"_ _4\"></span>consolidated fund <span class=\"_ _4\"></span><span class=\"ls17f\">entities</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27b3 w20 h9d\"><div class=\"t m1 x16f h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">97<span class=\"ls0\">6</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b3 w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff59 fs2e fcb sc0 ls17c ws0\">1,016<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b4 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27b4 w20 h9e\"><div class=\"t m1 x1c3 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17d\">544</span>) </div></td><td class=\"c x1f7 y27b4 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b5 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls189 ws0\">Net investment he<span class=\"_ _4\"></span>ld by Man Group<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b5 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b5 w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">463<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b6 w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls195 ws0\">Income statem<span class=\"_ _0\"></span>ent<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27b7 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls182 ws0\">Net gains on i<span class=\"_ _4\"></span>nvestments<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x60 haa y20aa ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x13d h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls188 ws0\">75<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b7 w20 h9d\"><div class=\"t m1 x24 h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">62<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b8 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18f ws0\">Rental income<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x138 haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x137 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b8 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b8 w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y27b9 w29 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Management fee<span class=\"_ _4\"></span> expenses<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x176 haa y20ac ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 xb8 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b9 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(9)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ba w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls17d ws0\">Performance fee <span class=\"ls188\">expenses<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x176 haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 x1b4 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ba w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ba w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bb w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other costs<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xeb haa y2048 ff64 fs31 fcb sc0 ls0 ws0\">5</div><div class=\"t m1 x1ab h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27bb w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bb w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls197\">of consolidated <span class=\"_ _4\"></span>fund entities</span></span><span class=\"ls0\"><span class=\"ls197\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">40<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bd w29 h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party share of gains</span> <span class=\"ls18c\">relating to interests in consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27bd w20 h9d\"><div class=\"t m1 x189 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(27)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27be w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls17f\">attributable <span class=\"_ _4\"></span>to net investment held by Man Group</span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr></table>Notes: 1 <span class=\"_ _169\"> </span>Included within investments in fund products and other investments. 2 <span class=\"_ _15d\"> </span>Included within net income or gains on investments and other financial instruments. 3 <span class=\"_ _15d\"> </span>Relates to rental income generated from investment property held by consolidated fund entities. 4 <span class=\"_ _15d\"> </span>Relates to management and performance fees paid by the funds to Man Group during the year, which are eliminated within management and other fees and performance fees respectively in the consolidated income statement.  5 <span class=\"_ _15d\"> </span>Includes depreciation, impairment and gains or losses on disposal of investment property held by consolidated fund entities<span class=\"_ _1bd\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span>Cash and cash equiv<span class=\"ls18e\">al<span class=\"_ _4\"></span>ents comprise cash and short<span class=\"ls0\">-<span class=\"ls186\">term investments in money m<span class=\"_ _0\"></span>arket funds or bank deposits with a<span class=\"_ _0\"></span>n original maturity </span></span></span>of three months or less. Cash <span class=\"_ _4\"></span>and cash equivalents are measured at amorti<span class=\"_ _4\"></span>sed cost, which is approximately equal <span class=\"_ _4\"></span>to fair value<span class=\"ls190\">. Cash and </span>cash eq<span class=\"ls184\">uivalents include r<span class=\"_ _4\"></span>estricted balances held by c<span class=\"_ _4\"></span>onsolidated fund entities to <span class=\"_ _4\"></span>which we do not have access<span class=\"ls0\">, <span class=\"ls18e\">and which are subject </span></span></span>to legal or contractual restrictions as to their us<span class=\"_ _0\"></span>e.<table class=\"s wf6 h100\" id=\"_fb404ce6-dfb8-4f81-987a-cad8019fee96\"><tr><td></td><td class=\"c x1e6 y2921 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2921 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2922 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2922 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2923 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cash held with ba<span class=\"_ _4\"></span>nks <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2923 w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">96<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2923 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">162<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2924 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls179 ws0\">Short<span class=\"ls0\">-<span class=\"ls186\">term deposits</span></span><span class=\"ls0\"><span class=\"ls186\"> </span> </span></div></td><td class=\"c x1ec y2924 w1f h9e\"><div class=\"t m1 x1bb h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2924 w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">24<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2925 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls17a ws0\">Money market <span class=\"_ _4\"></span>funds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2925 w1f h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2925 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2926 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls18a ws0\">Cash held by consol<span class=\"_ _4\"></span>idated fund entit<span class=\"_ _4\"></span>ies (Note <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1ec y2926 w1f h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">118<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2926 w20 h9e\"><div class=\"t m1 x189 h9b y1fa4 ff59 fs2e fcb sc0 ls18d ws0\">229<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2927 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff5b fs2e fcb sc0 ls182 ws0\">Cash and cash equi<span class=\"_ _4\"></span>valents <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2927 w1f h9d\"><div class=\"t m1 x1bd h9b y1f5f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2927 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2928 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls188 ws0\">Less: cash held by consolidated <span class=\"_ _4\"></span>fund entities (Note <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1ec y2928 w1f h9e\"><div class=\"t m1 x75 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2928 w20 h9e\"><div class=\"t m1 x4 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(229)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2929 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">Available cash an<span class=\"_ _4\"></span>d cash equivalents <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2929 w1f h9e\"><div class=\"t m1 x1bd h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2929 w20 h9e\"><div class=\"t m1 x189 h9b y1f39 ff59 fs2e fcb sc0 ls18d ws0\">225<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y292a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls193 ws0\">Undrawn committed r<span class=\"_ _4\"></span>evolving credi<span class=\"_ _4\"></span>t facility<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292a w1f h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls181 ws0\">800<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y292a w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls17e ws0\">800<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y292b w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff5b fs2e fcb sc0 ls179 ws0\">Total liquidity<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292b w1f h9d\"><div class=\"t m1 x189 h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">973<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y292b w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">1,025<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "5.2. Consolidation of<span class=\"_ _4\"></span> investments in funds<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, our interests in </span>29 <span class=\"ls187\">(202</span>4<span class=\"_ _0\"></span><span class=\"ls190\">: </span>36<span class=\"ls187\">) funds<span class=\"ls190\">, inc<span class=\"_ _0\"></span>luding CLOs,</span></span> <span class=\"_ _0\"></span><span class=\"ls19b\">met the d<span class=\"_ _4\"></span>efiniti<span class=\"_ _4\"></span>on of cont<span class=\"_ _4\"></span>rol and <span class=\"_ _4\"></span>have there<span class=\"_ _4\"></span>fore been </span></span>consolidated on a line<span class=\"ls0\">-<span class=\"ls17f\">by</span>-<span class=\"ls185\">line basis.</span> </span>Consolidated fund <span class=\"_ _4\"></span>entities are i<span class=\"_ _4\"></span>ncluded within the <span class=\"ls0\">c<span class=\"ls183\">onsolidated <span class=\"_ _4\"></span>balance sheet<span class=\"ls0\"> <span class=\"ls18e\">and income statement as follows:</span> </span></span></span><table class=\"s w88 he1\" id=\"_86e4448c-3f31-4778-adec-8f7955416cb5\"><tr><td></td><td class=\"c x1f0 y27a9 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a9 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27aa w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27aa w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ab w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff5b fs2e fcb sc0 ls182 ws0\">Balance sheet<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27ac w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash <span class=\"ls188\">equivalents</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27ac w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">118<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ac w20 h9d\"><div class=\"t m1 x189 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">229<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ad w29 h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">CLO assets<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x177 haa y20a4 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ad w20 h9e\"><div class=\"t m1 x1b9 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ad w20 h9e\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ae w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other t<span class=\"ls18c\">ransferable securities<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x9e haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 xea h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ae w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">32</span> </div></td><td class=\"c x1f7 y27ae w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27af w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27af w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y27b0 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls198 ws0\">Investment pro<span class=\"_ _0\"></span>perty<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b0 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b0 w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b1 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b1 w20 h9d\"><div class=\"t m1 x16f h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b1 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b2 w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b2 w20 h9e\"><div class=\"t m1 x1c1 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b2 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b3 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Net assets of <span class=\"_ _4\"></span>consolidated fund <span class=\"_ _4\"></span><span class=\"ls17f\">entities</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27b3 w20 h9d\"><div class=\"t m1 x16f h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">97<span class=\"ls0\">6</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b3 w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff59 fs2e fcb sc0 ls17c ws0\">1,016<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b4 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27b4 w20 h9e\"><div class=\"t m1 x1c3 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17d\">544</span>) </div></td><td class=\"c x1f7 y27b4 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b5 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls189 ws0\">Net investment he<span class=\"_ _4\"></span>ld by Man Group<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27b5 w20 h9e\"><div class=\"t m1 x75 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b5 w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">463<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b6 w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls195 ws0\">Income statem<span class=\"_ _0\"></span>ent<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27b7 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls182 ws0\">Net gains on i<span class=\"_ _4\"></span>nvestments<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x60 haa y20aa ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x13d h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls188 ws0\">75<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b7 w20 h9d\"><div class=\"t m1 x24 h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">62<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27b8 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18f ws0\">Rental income<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x138 haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x137 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b8 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27b8 w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y27b9 w29 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Management fee<span class=\"_ _4\"></span> expenses<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x176 haa y20ac ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 xb8 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27b9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27b9 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(9)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ba w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls17d ws0\">Performance fee <span class=\"ls188\">expenses<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x176 haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 x1b4 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27ba w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ba w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bb w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other costs<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xeb haa y2048 ff64 fs31 fcb sc0 ls0 ws0\">5</div><div class=\"t m1 x1ab h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y27bb w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bb w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls197\">of consolidated <span class=\"_ _4\"></span>fund entities</span></span><span class=\"ls0\"><span class=\"ls197\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">40<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27bd w29 h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party share of gains</span> <span class=\"ls18c\">relating to interests in consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27bd w20 h9d\"><div class=\"t m1 x189 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(27)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27bd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27be w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff5b fs2e fcb sc0 ls189 ws0\">Net gains<span class=\"ls0\"> <span class=\"ls17f\">attributable <span class=\"_ _4\"></span>to net investment held by Man Group</span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f6 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27be w20 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr></table>Notes: 1 <span class=\"_ _169\"> </span>Included within investments in fund products and other investments. 2 <span class=\"_ _15d\"> </span>Included within net income or gains on investments and other financial instruments. 3 <span class=\"_ _15d\"> </span>Relates to rental income generated from investment property held by consolidated fund entities. 4 <span class=\"_ _15d\"> </span>Relates to management and performance fees paid by the funds to Man Group during the year, which are eliminated within management and other fees and performance fees respectively in the consolidated income statement.  5 <span class=\"_ _15d\"> </span>Includes depreciation, impairment and gains or losses on disposal of investment property held by consolidated fund entities<span class=\"_ _1bd\"> </span>.  Movements in <span class=\"_ _4\"></span>the carryi<span class=\"_ _4\"></span>ng value of <span class=\"_ _4\"></span>investment pr<span class=\"_ _4\"></span>operty held <span class=\"_ _4\"></span>by consolid<span class=\"_ _4\"></span>ated fund ent<span class=\"_ _4\"></span>ities can <span class=\"_ _4\"></span>be analysed <span class=\"_ _4\"></span>as follows:<span class=\"_ _4\"></span><span class=\"ls0\"> </span><table class=\"s w89 he2\" id=\"_275db01a-609a-4bf9-9adb-0490d2e8f094\"><tr><td></td><td class=\"c x1f0 y27bf w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27bf w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c1 w2a h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the <span class=\"ls18e\">year</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27c1 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c1 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls17f ws0\">34<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c2 w2a h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c2 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c2 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr><tr><td class=\"c x1f5 y27c3 w2a h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls180 ws0\">Disposals <span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c3 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c3 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(30)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c4 w2a h9d\"><div class=\"t m1 x0 h9b y1f45 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c4 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c5 w2a h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c5 w20 h9d\"><div class=\"t m1 xeb h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c5 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(4)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27c6 w2a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c6 w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c6 w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y27c7 w2a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18f ws0\">Reversal of impai<span class=\"_ _4\"></span>rment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c7 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c7 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y27c8 w2a h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end <span class=\"ls197\">of the year</span><span class=\"ls197\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27c8 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27c8 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27c9 w2a h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27c9 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27c9 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ca w2a h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ca w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y27ca w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr></table>Investment pro<span class=\"_ _0\"></span>perty held by co<span class=\"_ _0\"></span>nsolidated fund e<span class=\"_ _0\"></span>ntities was fully d<span class=\"_ _0\"></span>isposed of in 202<span class=\"_ _0\"></span>5. The<span class=\"ls0\"> <span class=\"ls1a1\">fair value of investme<span class=\"_ _0\"></span>nt property held by consolidated<span class=\"_ _0\"></span> </span></span>fund entities of <span class=\"ls0\">$<span class=\"ls1b3\">16</span> <span class=\"ls1a6\">milli<span class=\"_ _4\"></span>on at 31 <span class=\"_ _4\"></span>December <span class=\"ls1b0\">202<span class=\"ls0\">4<span class=\"_ _4\"></span> <span class=\"ls1b4\">was</span> <span class=\"ls1b5\">based on valuat<span class=\"_ _4\"></span>ions provided by independent property <span class=\"_ _4\"></span>experts<span class=\"ls0\"> <span class=\"ls1b0\">or agreed sales<span class=\"_ _4\"></span> prices<span class=\"ls0\">.<span class=\"_ _1bd\"> </span></span></span></span></span></span></span></span></span>Fair value of investment pr<span class=\"_ _4\"></span>operty <span class=\"ls0\"> </span><table class=\"s w9d hed\" id=\"_35329778-f0c8-445b-a471-ce19fb844dbf\"><tr><td></td><td class=\"c x227 y2823 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x228 y2823 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x223 y2824 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x229 y2824 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2825 w2b h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls18f ws0\">Value in use<span class=\"ls0\"> </span></div></td><td class=\"c x211 y2825 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x212 y2825 w1f h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2826 w2b h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27d8 w2b h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Carrying value <span class=\"ls0\"> </span></div></td><td class=\"c x211 y27d8 w1f h9e\"><div class=\"t m1 x2b h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27d8 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2827 w2b h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls189 ws0\">Headroom<span class=\"ls0\"> </span></div></td><td class=\"c x211 y2827 w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x212 y2827 w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr></table>Sub<span class=\"ls0\">-<span class=\"ls185\">lease rental in<span class=\"_ _0\"></span>come from o<span class=\"_ _0\"></span>perating lease<span class=\"_ _0\"></span>s was <span class=\"ls197\">$2 <span class=\"ls19b\">million in<span class=\"_ _4\"></span> 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $</span>2 </span>million). Op<span class=\"_ _4\"></span>erating e<span class=\"_ _4\"></span>xpenses of<span class=\"_ _4\"></span> <span class=\"ls197\">$nil <span class=\"ls187\">(202<span class=\"ls0\">4<span class=\"ls190\">: $</span>1 </span></span></span>million) <span class=\"_ _4\"></span>arising </span></span></span></span>from investment property tha<span class=\"_ _0\"></span>t did not generate rental income<span class=\"_ _0\"></span> during the period are included within<span class=\"_ _0\"></span> other costs.<span class=\"ls0\"> </span><table class=\"s w92 hee\" id=\"_e5f359bf-7201-4983-8268-bae5efb5f616\"><tr><td></td><td></td><td class=\"c x22a y2828 w32 hae\"><div class=\"t m1 x10a h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x22b y2828 w33 hae\"><div class=\"t m1 x28 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x22c y2829 w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22d y2829 w9f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x22e y2829 wa0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22f y2829 wa1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y282a w31 h9c\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x230 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x231 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x232 y282a w20 h9c\"><div class=\"t m1 x16f h42 y209b ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x233 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x234 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ed y282a w20 h9c\"><div class=\"t m1 x189 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y282c w31 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282c w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17d ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x232 y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">239<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282c w20 h9d\"><div class=\"t m1 x2b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">199<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282c w1f h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">300<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y282d w31 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x22a y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y282d w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y282e w31 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282e w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">17 </div></td><td class=\"c x235 y282e w20 h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x232 y282e w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ec y282e w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y282f w31 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282f w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282f w20 h9e\"><div class=\"t m1 x4b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282f w1f h9e\"><div class=\"t m1 x2b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(50)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(52)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2830 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurement on modificat<span class=\"_ _4\"></span>ion<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x235 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y2830 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2830 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2830 w20 h9d\"><div class=\"t m1 x2b h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2831 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">210<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2831 w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y2831 w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2831 w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2831 w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">239<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2832 wa4 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2833 wa5 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2834 w20 ha2\"><div class=\"t m1 x4 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(136)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2834 w20 ha2\"><div class=\"t m1 x2b h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(87)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2834 w1f ha2\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(84)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2834 w20 ha2\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(171)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2835 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ec y2835 w1f h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2835 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2836 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2836 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2836 w1f h9d\"><div class=\"t m1 x3 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2837 wa6 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2838 wa7 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls197 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2839 w20 ha2\"><div class=\"t m1 x4 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(102)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2839 w20 ha2\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(141)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2839 w20 ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2839 w1f ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(136)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283a w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x235 y283a w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283a w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x22b y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283a w1f h9d\"><div class=\"t m1 x3 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283a w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">129<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283b w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283b w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\">8</span><span class=\"ls0\"> </span></div></td><td class=\"c x235 y283b w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\">1</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y283b w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283b w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Distribution <span class=\"_ _4\"></span>costs <span class=\"ls0\"> </span>Distribution <span class=\"_ _4\"></span>costs, which are <span class=\"_ _4\"></span>paid to external <span class=\"_ _4\"></span>intermediaries f<span class=\"_ _4\"></span>or marketing and i<span class=\"_ _4\"></span>nvestor servicing<span class=\"_ _4\"></span>, largely in <span class=\"_ _4\"></span>relation to re<span class=\"_ _4\"></span><span class=\"ls186\">tail investors, are </span>typically<span class=\"ls0\"> <span class=\"ls18e\">variable with AUM and the associated management fee revenue. Distr<span class=\"_ _4\"></span>ibution costs are expensed over the<span class=\"ls0\"> <span class=\"ls184\">period in <span class=\"_ _4\"></span>which the </span></span></span></span>service <span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls184\">provided. </span> </span></span>Asset servicing <span class=\"_ _4\"></span>costs<span class=\"ls0\"> </span>Asset servicing <span class=\"_ _4\"></span>includes custodial<span class=\"_ _4\"></span>, valuation, fun<span class=\"_ _4\"></span>d accounting, regis<span class=\"_ _4\"></span>trar, research an<span class=\"_ _4\"></span>d administration f<span class=\"_ _4\"></span>unctions performed by<span class=\"ls0\"> <span class=\"ls186\">third parties </span></span>on behalf of the funds or <span class=\"_ _4\"></span>managed accounts,<span class=\"ls0\"> <span class=\"ls18e\">as <span class=\"ls17a\">well as mar<span class=\"_ _4\"></span>ket data ac<span class=\"_ _4\"></span>quired under <span class=\"_ _4\"></span>contract to<span class=\"_ _4\"></span> Man Group. As<span class=\"_ _4\"></span>set servici<span class=\"_ _4\"></span>ng costs ar<span class=\"_ _4\"></span>e </span></span></span>recognised in the period in whic<span class=\"_ _0\"></span>h the services are provided. The co<span class=\"_ _0\"></span>sts of these services vary based o<span class=\"_ _0\"></span>n transaction volumes, t<span class=\"_ _0\"></span><span class=\"ls184\">he number </span>of funds or managed accounts and thei<span class=\"ls18c\">r NAVs, and the mix of client strategies.<span class=\"ls0\"> </span></span>Compensation costs<span class=\"ls0\"> </span>Salaries, varia<span class=\"_ _4\"></span>ble cash compensation and socia<span class=\"_ _4\"></span>l security costs are <span class=\"_ _4\"></span>charged to the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls185\">in the period in which </span></span>the service <span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls184\">provided and include partner drawings. <span class=\"_ _4\"></span>In the<span class=\"ls0\"> <span class=\"ls199\">short term, the variable component of compensation adjusts with revenues </span></span></span></span></span>and profitability.<span class=\"ls0\"> </span>Compensation can be d<span class=\"_ _4\"></span>eferred by way of eq<span class=\"_ _4\"></span>uity<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment schemes and fund product</span>-<span class=\"ls17f\">based compensation </span></span>arrangements. Where deferred compensation relates to <span class=\"_ _4\"></span>our fund products, the fair value of<span class=\"_ _4\"></span> the employee services received in exchange for the fund investments is recogn<span class=\"_ _0\"></span>ised as a straight<span class=\"ls0\">-<span class=\"ls185\">line ex<span class=\"_ _0\"></span>pense of the m<span class=\"_ _0\"></span>ark</span>-</span>to<span class=\"ls0\">-<span class=\"ls19b\">market value of<span class=\"_ _4\"></span> the awar<span class=\"_ _4\"></span>ds over t<span class=\"_ _4\"></span>he releva<span class=\"_ _4\"></span>nt vesti<span class=\"_ _4\"></span>ng </span></span>period, with a correspondi<span class=\"_ _4\"></span>ng liabi<span class=\"ls185\">lity recognised in the<span class=\"_ _0\"></span> <span class=\"ls0\">c<span class=\"ls183\">onsolidated balance sheet<span class=\"ls190\">. We generally elect to<span class=\"_ _0\"></span> separately pu<span class=\"_ _0\"></span>rchase the </span></span></span></span>equivalent fund investments at grant <span class=\"_ _4\"></span>date to offset any associated change in <span class=\"_ _4\"></span>the value of deferred compensation due, and on <span class=\"_ _4\"></span>vesting the value of the fund investme<span class=\"_ _0\"></span>nt is delivered to the employee (sub<span class=\"_ _0\"></span>ject to the terms of the plan rules, which<span class=\"_ _0\"></span> include malus provisions). If<span class=\"ls0\"> a <span class=\"ls186\">fund product</span>-<span class=\"_ _0\"></span><span class=\"ls17f\">based award is forfeited, <span class=\"_ _4\"></span><span class=\"ls186\">the<span class=\"ls0\"> <span class=\"ls18e\">cumulative charge recognised in the co<span class=\"ls197\">nsolidated i<span class=\"_ _4\"></span>ncome statement<span class=\"ls0\"> <span class=\"ls185\">is reversed in full.<span class=\"_ _0\"></span></span> </span></span></span></span></span></span></span>Other employ<span class=\"ls19b\">ment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span></span>Other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses relate to amounts payab<span class=\"_ _0\"></span>le to sellers of businesses acquired <span class=\"_ _0\"></span><span class=\"ls185\">in exchange<span class=\"_ _0\"></span> for post</span></span>-<span class=\"ls18e\">acquisition </span></span>services<span class=\"ls0\"> <span class=\"ls18e\">and are</span> <span class=\"ls18c\">recognised in profit and loss <span class=\"ls184\">up</span></span> <span class=\"ls186\">to the<span class=\"_ _0\"></span> vesting of the put options</span> <span class=\"ls183\">over the sellers\u2019 non</span>-c<span class=\"ls183\">ontrolling interests</span>.<span class=\"_ _1bd\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Compensation costs<span class=\"ls0\"> </span>Salaries, varia<span class=\"_ _4\"></span>ble cash compensation and socia<span class=\"_ _4\"></span>l security costs are <span class=\"_ _4\"></span>charged to the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls185\">in the period in which </span></span>the service <span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls184\">provided and include partner drawings. <span class=\"_ _4\"></span>In the<span class=\"ls0\"> <span class=\"ls199\">short term, the variable component of compensation adjusts with revenues </span></span></span></span></span>and profitability.<span class=\"ls0\"> </span>Compensation can be d<span class=\"_ _4\"></span>eferred by way of eq<span class=\"_ _4\"></span>uity<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment schemes and fund product</span>-<span class=\"ls17f\">based compensation </span></span>arrangements. Where deferred compensation relates to <span class=\"_ _4\"></span>our fund products, the fair value of<span class=\"_ _4\"></span> the employee services received in exchange for the fund investments is recogn<span class=\"_ _0\"></span>ised as a straight<span class=\"ls0\">-<span class=\"ls185\">line ex<span class=\"_ _0\"></span>pense of the m<span class=\"_ _0\"></span>ark</span>-</span>to<span class=\"ls0\">-<span class=\"ls19b\">market value of<span class=\"_ _4\"></span> the awar<span class=\"_ _4\"></span>ds over t<span class=\"_ _4\"></span>he releva<span class=\"_ _4\"></span>nt vesti<span class=\"_ _4\"></span>ng </span></span>period, with a correspondi<span class=\"_ _4\"></span>ng liabi<span class=\"ls185\">lity recognised in the<span class=\"_ _0\"></span> <span class=\"ls0\">c<span class=\"ls183\">onsolidated balance sheet<span class=\"ls190\">. We generally elect to<span class=\"_ _0\"></span> separately pu<span class=\"_ _0\"></span>rchase the </span></span></span></span>equivalent fund investments at grant <span class=\"_ _4\"></span>date to offset any associated change in <span class=\"_ _4\"></span>the value of deferred compensation due, and on <span class=\"_ _4\"></span>vesting the value of the fund investme<span class=\"_ _0\"></span>nt is delivered to the employee (sub<span class=\"_ _0\"></span>ject to the terms of the plan rules, which<span class=\"_ _0\"></span> include malus provisions). If<span class=\"ls0\"> a <span class=\"ls186\">fund product</span>-<span class=\"_ _0\"></span><span class=\"ls17f\">based award is forfeited, <span class=\"_ _4\"></span><span class=\"ls186\">the<span class=\"ls0\"> <span class=\"ls18e\">cumulative charge recognised in the co<span class=\"ls197\">nsolidated i<span class=\"_ _4\"></span>ncome statement<span class=\"ls0\"> <span class=\"ls185\">is reversed in full.<span class=\"_ _0\"></span></span> </span></span></span></span></span></span></span>Other employ<span class=\"ls19b\">ment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span> </span></span>Other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses relate to amounts payab<span class=\"_ _0\"></span>le to sellers of businesses acquired <span class=\"_ _0\"></span><span class=\"ls185\">in exchange<span class=\"_ _0\"></span> for post</span></span>-<span class=\"ls18e\">acquisition </span></span>services<span class=\"ls0\"> <span class=\"ls18e\">and are</span> <span class=\"ls18c\">recognised in profit and loss <span class=\"ls184\">up</span></span> <span class=\"ls186\">to the<span class=\"_ _0\"></span> vesting of the put options</span> <span class=\"ls183\">over the sellers\u2019 non</span>-c<span class=\"ls183\">ontrolling interests</span>.<span class=\"_ _1bd\"> </span></span>Accounting policy<span class=\"ls0\"> </span>We operate<span class=\"ls0\"> <span class=\"ls19b\">mul<span class=\"_ _4\"></span>tiple<span class=\"ls0\"> d<span class=\"ls188\">efined contributi<span class=\"_ _4\"></span>on plans<span class=\"ls0\"> <span class=\"ls185\">in the regions<span class=\"_ _0\"></span> in which we o<span class=\"_ _0\"></span>perate</span> <span class=\"ls18e\">and <span class=\"ls186\">two <span class=\"ls187\">(20<span class=\"_ _0\"></span>2</span></span></span>4<span class=\"ls190\">: two) mate<span class=\"_ _0\"></span>rial funded defin<span class=\"_ _0\"></span>ed </span></span></span></span></span></span>benefit<span class=\"ls0\"> <span class=\"ls184\">plans.</span> </span>Defined <span class=\"ls18e\">contribution plans<span class=\"ls0\"> </span></span>We pay cont<span class=\"_ _4\"></span>ributions t<span class=\"_ _4\"></span>o publicly<span class=\"_ _4\"></span> or privat<span class=\"_ _4\"></span>ely admini<span class=\"_ _4\"></span>stered pensi<span class=\"_ _4\"></span>on plans on <span class=\"_ _4\"></span>a mandatory,<span class=\"_ _4\"></span> contractual<span class=\"_ _4\"></span> or volunt<span class=\"_ _4\"></span>ary basis.<span class=\"_ _4\"></span> We h<span class=\"ls18e\">ave no </span>further payment obligation onc<span class=\"_ _0\"></span>e the contributions have been<span class=\"_ _0\"></span> paid. Defined contribution costs are re<span class=\"_ _0\"></span>cognis<span class=\"ls188\">ed as pension costs within </span>compensation in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span> <span class=\"ls17a\">when they<span class=\"_ _4\"></span> are due.<span class=\"ls0\"> </span></span></span>Defined benefit <span class=\"_ _4\"></span>plans<span class=\"ls0\"> </span>A defined benefit<span class=\"_ _4\"></span> plan creates a <span class=\"_ _4\"></span>financial obligat<span class=\"_ _4\"></span>ion to provide fu<span class=\"_ _4\"></span>nding to the pensi<span class=\"_ _4\"></span>on plan to provide <span class=\"_ _4\"></span>a retired employee <span class=\"_ _4\"></span>wi<span class=\"ls186\">th pension </span>benefits usually dependent on <span class=\"_ _4\"></span>one or more factors such as age, years <span class=\"_ _4\"></span>of service and compensation. As with <span class=\"_ _4\"></span>the vast major<span class=\"ls185\">ity of similar </span>arrangements, we ultimately underwrite the ri<span class=\"_ _4\"></span>sks related to the defined benefit<span class=\"_ _4\"></span> plans. The risks to which this <span class=\"_ _4\"></span>exposes us inc<span class=\"ls1bb\">lude:<span class=\"ls0\"> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls193\">Uncerta<span class=\"_ _4\"></span>inty in benefi<span class=\"_ _4\"></span>t payments: the v<span class=\"_ _4\"></span>alue of our l<span class=\"_ _4\"></span>iabilities <span class=\"_ _4\"></span>for post<span class=\"ls0\">-<span class=\"ls18c\">retirement benefits will ultimately dep<span class=\"ls188\">end on the amount of </span></span></span></span></span>benefits paid out. This<span class=\"_ _4\"></span> in turn will depend on t<span class=\"_ _4\"></span>he level of inflation (<span class=\"_ _4\"></span>for those benefits that are <span class=\"_ _4\"></span>subject to some form of in<span class=\"ls186\">fl<span class=\"_ _4\"></span>ation </span>protection) and how long i<span class=\"_ _4\"></span>ndividuals live<span class=\"ls0\">. </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls1b8\">Volatil<span class=\"_ _4\"></span>ity in asset va<span class=\"_ _4\"></span>lues: we are exposed <span class=\"_ _4\"></span>to future <span class=\"ls1a6\">movement<span class=\"_ _4\"></span>s in the<span class=\"_ _4\"></span> values o<span class=\"_ _4\"></span>f assets <span class=\"_ _4\"></span>held in <span class=\"_ _4\"></span>the plans<span class=\"_ _4\"></span> to meet f<span class=\"_ _4\"></span>uture bene<span class=\"_ _4\"></span>fit payme<span class=\"_ _4\"></span>nts<span class=\"ls0\">. </span></span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls193\">Uncerta<span class=\"_ _4\"></span>inty in cash f<span class=\"_ _4\"></span>unding: movements in<span class=\"_ _4\"></span> the values of <span class=\"_ _4\"></span>the obligations<span class=\"_ _4\"></span> or assets may r<span class=\"_ _4\"></span>esult in us be<span class=\"_ _4\"></span>ing required t<span class=\"_ _4\"></span>o provide <span class=\"ls184\">higher </span></span></span>levels of<span class=\"ls0\"> <span class=\"ls18e\">cash.</span> </span>The two material define<span class=\"ls17f\">d benefit<span class=\"_ _4\"></span> plans operated are the Man Group plc <span class=\"_ _4\"></span>Pension Fund in the UK (the UK Pl<span class=\"_ _4\"></span>an) and the Man Group Pension </span>Plan in Switzerla<span class=\"_ _4\"></span>nd (the Swiss Plan).<span class=\"ls0\"> </span>\u2013 <span class=\"ls193\">UK Plan </span> The UK Plan is operated separatel<span class=\"_ _4\"></span>y from Man Group and managed by independent trustees. <span class=\"_ _4\"></span>The truste<span class=\"ls188\">es are responsible for payment </span>of<span class=\"ls0\"> <span class=\"ls186\">the benefits and managem<span class=\"_ _0\"></span>ent of the UK Plan\u2019s assets. Unde<span class=\"_ _0\"></span>r UK regulations, Man Group an<span class=\"_ _0\"></span>d the trustees of the UK Plan are requ<span class=\"_ _0\"></span><span class=\"ls185\">ired </span></span></span>to agree a funding strategy and c<span class=\"_ _0\"></span>ontribution schedule for the UK Pla<span class=\"_ _0\"></span>n. We have concluded tha<span class=\"_ _0\"></span>t we have no requirement to<span class=\"_ _0\"></span> adjust the balance sheet to recognise ei<span class=\"_ _4\"></span>ther a current surplus or a <span class=\"_ _4\"></span>minimum funding requirement on the basis t<span class=\"_ _4\"></span>hat we have an uncondition<span class=\"ls18e\">al <span class=\"_ _4\"></span>right </span>to a refund of a current or<span class=\"ls0\"> <span class=\"ls184\">projected future surplus at some point in <span class=\"_ _4\"></span>the future. <span class=\"ls0\"> </span></span></span>The UK Plan was closed to new members in May <span class=\"_ _4\"></span>1999, to future accrual in May 201<span class=\"_ _4\"></span>1 and has no active members. <span class=\"ls0\"> </span>\u2013 <span class=\"ls179\">Swiss Plan </span> In Switzerland, w<span class=\"_ _0\"></span>e operate a retir<span class=\"_ _0\"></span>ement founda<span class=\"_ _0\"></span>tion whose ass<span class=\"_ _0\"></span>ets are held sep<span class=\"_ _0\"></span>arately from Ma<span class=\"_ _0\"></span>n Group. This fou<span class=\"_ _0\"></span>ndation cove<span class=\"_ _0\"></span>rs th<span class=\"ls188\">e </span>majori<span class=\"ls186\">ty of employees in Switzerland and provides benefits on a ca<span class=\"_ _0\"></span>sh balance basis. Each emp<span class=\"_ _0\"></span>loyee has a retirement accou<span class=\"_ _0\"></span>nt to which<span class=\"ls0\"> </span></span>the employee and Man G<span class=\"_ _0\"></span>roup make contributions at rate<span class=\"_ _0\"></span>s set out in the plan rules based on a perc<span class=\"_ _0\"></span>entage of salary. Every year the<span class=\"_ _0\"></span> p<span class=\"ls188\">ension fund commission (composed of employer and employee representat<span class=\"_ _4\"></span>ives) decides the level of i<span class=\"_ _4\"></span>nterest, if any, to apply t<span class=\"_ _4\"></span>o<span class=\"ls0\"> </span></span>retirement accounts base<span class=\"_ _0\"></span>d on their agreed policy. At retireme<span class=\"_ _0\"></span>nt, an employee can take th<span class=\"_ _0\"></span>eir retirement account as a lum<span class=\"_ _0\"></span>p sum <span class=\"ls183\">or ha<span class=\"ls18e\">ve </span></span>this paid as a pension.<span class=\"ls0\"> </span>As the Swiss Pla<span class=\"_ _4\"></span>n is essentiall<span class=\"_ _4\"></span>y a defined contri<span class=\"_ _4\"></span>bution plan with g<span class=\"_ _4\"></span>uarantees, the asset<span class=\"_ _4\"></span>s held aim to be <span class=\"_ _4\"></span>at least as much as<span class=\"_ _4\"></span> t<span class=\"ls184\">he total of the </span>member acc<span class=\"_ _4\"></span>ount bala<span class=\"_ _4\"></span>nces at a<span class=\"_ _4\"></span>ny point <span class=\"_ _4\"></span>in time.<span class=\"_ _4\"></span> Member acc<span class=\"_ _4\"></span>ount bala<span class=\"_ _4\"></span>nces canno<span class=\"_ _4\"></span>t reduce,<span class=\"_ _4\"></span> but<span class=\"ls0\"> <span class=\"ls185\">interest is only applie<span class=\"_ _0\"></span>d to the accou<span class=\"_ _0\"></span>nt </span></span>balances when sufficient surpl<span class=\"_ _4\"></span>us assets are available. As <span class=\"_ _4\"></span>such, there is no specific <span class=\"_ _4\"></span>asset/liability matching <span class=\"_ _4\"></span>strategy in pla<span class=\"ls18e\">ce, but <span class=\"_ _4\"></span>if the </span>liabilities (the sum<span class=\"_ _0\"></span> of the mem<span class=\"_ _0\"></span>ber account b<span class=\"_ _0\"></span>alances) eve<span class=\"_ _0\"></span>r exceed the v<span class=\"_ _0\"></span>alue <span class=\"ls183\">of the assets, we will consider how to remove a <span class=\"_ _4\"></span>deficit as </span>quickly as possible.<span class=\"_ _4\"></span> The Swiss Plan surplus is<span class=\"_ _4\"></span> restricted by the value of<span class=\"_ _4\"></span> the employer contribution reser<span class=\"_ _4\"></span>ve, which provides the ass<span class=\"_ _4\"></span>et ceiling on amounts available to Man Group.<span class=\"_ _4\"></span><span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs99\">6<span class=\"ls1b7\">.1. Compen<span class=\"_ _0\"></span>sation costs</span>  </div><div class=\"gs9a\"><table class=\"s w8a he3\" id=\"_ee732ff8-c312-4148-abd1-b5503fef4bb1\"><tr><td></td><td class=\"c x1e6 y27cb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27cb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27cc w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27cc w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27cd w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Salaries<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27cd w1f h9e\"><div class=\"t m1 x16f h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">225<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27cd w20 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">219<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27ce w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls18f ws0\">Variable cash compensa<span class=\"_ _4\"></span>tion<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27ce w1f h9d\"><div class=\"t m1 x16f h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">264<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27ce w20 h9d\"><div class=\"t m1 x16f h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">294<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27cf w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls180 ws0\">Deferred compensatio<span class=\"_ _4\"></span>n: share<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"><span class=\"ls17f\"> </span> </span></div></td><td class=\"c x1ec y27cf w1f h9d\"><div class=\"t m1 x1bb h9b y1f77 ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27cf w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d0 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls180 ws0\">Deferred compensatio<span class=\"_ _4\"></span>n: fund product<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y27d0 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17e ws0\">93<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d0 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls17e ws0\">81<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls179 ws0\">Social <span class=\"ls199\">security costs</span><span class=\"ls199\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y27d1 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">60<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d1 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">54<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d2 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Pension costs (Note <span class=\"_ _4\"></span><span class=\"ls0\">14</span><span class=\"ls0\">) </span></div></td><td class=\"c x1ec y27d2 w1f h9e\"><div class=\"t m1 x1bb h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d2 w20 h9e\"><div class=\"t m1 x4b h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">C<span class=\"ls197\">ompensation costs</span> </div></td><td class=\"c x1ec y27d3 w1f h9e\"><div class=\"t m1 x189 h9b y1f79 ff5b fs2e fcb sc0 ls188 ws0\">707<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d3 w20 h9e\"><div class=\"t m1 x189 h9b y1f79 ff59 fs2e fcb sc0 ls199 ws0\">706<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y27d5 w29 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fixed compensation: salaries <span class=\"_ _4\"></span>and associated social security <span class=\"_ _4\"></span>costs, and pension costs<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d5 w1f h9d\"><div class=\"t m1 x16f h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">274<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d5 w20 h9d\"><div class=\"t m1 x16f h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d6 w29 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls1b8 ws0\">Variable compensati<span class=\"_ _4\"></span>on: variable cash <span class=\"ls1a3\">compensation,<span class=\"_ _4\"></span> deferred compensation and associated social <span class=\"_ _4\"></span>security costs</span><span class=\"ls1a3\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y27d6 w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">433<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d6 w20 h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">442<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs9b\">The unamortised deferred compensation at 31<span class=\"_ _4\"></span> December 202<span class=\"ls0\">5 <span class=\"ls185\">is <span class=\"ls197\">$121 <span class=\"ls19b\">million <span class=\"_ _4\"></span>(202<span class=\"ls0\">4<span class=\"ls190\">: $</span>1<span class=\"ls17e\">03</span> </span>million) <span class=\"_ _4\"></span>and has <span class=\"_ _4\"></span>a weighted<span class=\"_ _4\"></span> average r<span class=\"_ _4\"></span>emaining </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs9c\">vesting period of <span class=\"ls17c\">1.9 </span>years (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls18d\">2.</span></span>1 </span>yea<span class=\"ls18c\">rs).<span class=\"ls0\">  </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs9d\">We recognis<span class=\"_ _4\"></span>ed <span class=\"ls197\">$30 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on of re<span class=\"_ _4\"></span>structuri<span class=\"_ _4\"></span>ng costs <span class=\"_ _4\"></span><span class=\"ls18e\">as part of significant restr<span class=\"_ _4\"></span>ucturing programmes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">the year ended 31 Dece<span class=\"_ _0\"></span>mber 202</span>5 <span class=\"ls187\">(20</span>2<span class=\"_ _0\"></span>4<span class=\"ls190\">: </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls197 ws0 gs9e\">$22 million)<span class=\"ls190\">, included within variable c<span class=\"_ _0\"></span>ompensatio<span class=\"_ _0\"></span>n costs. These<span class=\"_ _0\"></span> costs were inc<span class=\"_ _0\"></span>urred in realign<span class=\"ls185\">in<span class=\"_ _0\"></span>g<span class=\"ls0\"> <span class=\"ls183\">our resource<span class=\"ls199\">s with the future requirements </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs9f\">of the business<span class=\"ls0\">. </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls181 ws0 gsa0\">Average <span class=\"ls184\">headcount<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsa1\">The table below details average <span class=\"_ _4\"></span>headcount by function, including dir<span class=\"_ _4\"></span>ectors, employees, partners and contractor<span class=\"_ _4\"></span>s.<span class=\"ls0\"> </span></div><div class=\"gsa2\"><table class=\"s w8b he4\" id=\"_7fdcbc14-1b6c-4b32-9b93-c627a8bbdfdb\"><tr><td></td><td class=\"c x1ec y271c w1f h9e\"><div class=\"t m1 x16f h42 y20f2 ff5d fsd fcb sc0 ls0 ws0\">2025  </div></td><td class=\"c x1ed y271c w20 h9e\"><div class=\"t m1 x16f h42 y20f2 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y271d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Investment m<span class=\"_ _0\"></span>anagement<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271d w1f h9e\"><div class=\"t m1 x16f h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">467<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271d w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">456<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls179 ws0\">Sales and marketing<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d7 w1f h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">295<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d7 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y271f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Infrastructure an<span class=\"_ _0\"></span>d support<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271f w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">555<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271f w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17f ws0\">575<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2720 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls183 ws0\">Technology<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2720 w1f h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">453<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2720 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">483<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Average headcount<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d8 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">1,7<span class=\"ls188\">70</span> </div></td><td class=\"c x1ed y27d8 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">1,802<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2721 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls189 ws0\">Headcount at 31<span class=\"_ _4\"></span> December<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2721 w1f h9e\"><div class=\"t m1 xdc h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">1,<span class=\"ls188\">719</span> </div></td><td class=\"c x1ed y2721 w20 h9e\"><div class=\"t m1 x4 h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,777<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls17d ws0 gsa4\">6.2. Other employment<span class=\"ls0\">-<span class=\"ls19e\">related expenses</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gsa5\">Other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses of <span class=\"ls197\">$25 <span class=\"ls19b\">million<span class=\"_ _4\"></span> (202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17f\">38</span> </span>million<span class=\"_ _4\"></span><span class=\"ls187\">) <span class=\"ls18e\">comprise amounts <span class=\"ls17a\">which would <span class=\"_ _4\"></span>be <span class=\"ls184\">payable <span class=\"ls186\">to the sellers of </span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gsa6\">businesses acquired <span class=\"ls183\">on exercise <span class=\"_ _4\"></span>of the put options to acquire<span class=\"ls0\"> <span class=\"ls186\">their <span class=\"ls197\">non</span></span>-<span class=\"ls18e\">controlling</span> <span class=\"ls185\">interests, and the distributio<span class=\"_ _0\"></span>ns of th</span></span>os<span class=\"ls188\">e sellers\u2019 </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gsa7\">proportionate share of post<span class=\"_ _4\"></span><span class=\"ls0\">-<span class=\"ls18e\">acquisition profits.</span> <span class=\"ls18b\">Of the t<span class=\"_ _4\"></span>otal expense recogni<span class=\"_ _4\"></span>sed, <span class=\"ls197\">$7 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion<span class=\"ls0\"> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $<span class=\"ls17c\">10</span></span> </span>million)<span class=\"ls0\"> <span class=\"ls18c\">relates to the <span class=\"ls184\">proportion<span class=\"ls18e\">ate </span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gsa8\">share<span class=\"ls0\"> <span class=\"ls183\">of profits earned in the year<span class=\"_ _4\"></span>.<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsa9\">The associated employment<span class=\"ls0\">-<span class=\"ls18c\">related payables at 31 December 2<span class=\"_ _0\"></span>02</span>5 </span>of <span class=\"ls197\">$72 <span class=\"ls19b\">million <span class=\"_ _4\"></span>(202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17f\">56</span> </span>million<span class=\"ls187\">) are accounted for as cash<span class=\"ls0\">-<span class=\"ls199\">settled </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gsaa\">share<span class=\"ls0\">-<span class=\"ls17f\">based payments (Note 2</span>6<span class=\"ls187\">).</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsab\">The valuation uses forecast cash <span class=\"_ _4\"></span>flows based on management\u2019s best estimate of f<span class=\"_ _4\"></span>uture profits. These cash flows <span class=\"_ _4\"></span>are un<span class=\"ls17f\">derpinned by our </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gsac\">medium<span class=\"ls0\">-<span class=\"ls186\">term plan for the three years post the balance<span class=\"_ _0\"></span> sheet date, and appropriate grow<span class=\"_ _0\"></span>th assumptions for the rema<span class=\"_ _0\"></span>inder of the period</span> <span class=\"ls184\">until </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gsad\">the final settlement date in 2034. A te<span class=\"_ _0\"></span>rminal value multiple in line with the m<span class=\"_ _0\"></span>arket is applied to t<span class=\"ls184\">he profits in the final <span class=\"_ _4\"></span>year to determine the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gsae\">value of the amounts payable to the sel<span class=\"_ _4\"></span>lers on exercise of the put options <span class=\"_ _4\"></span>over their non<span class=\"ls0\">-</span>controlling interests. The di<span class=\"_ _4\"></span>scount rates used have </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gsaf\">been benchmarked against external comparables<span class=\"_ _4\"></span> and reflect the risks <span class=\"_ _4\"></span><span class=\"ls185\">inherent in the<span class=\"_ _0\"></span> future cash flo<span class=\"_ _0\"></span>ws.<span class=\"ls0\"> <span class=\"ls183\">The forecast distributions for the </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gsb0\">period up to the exercise <span class=\"_ _4\"></span>date of the put option in <span class=\"_ _4\"></span>2034 are accumulated and expensed over the <span class=\"_ _4\"></span>minimum service periods ending<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls17f\">between </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gsb1\">2026 and 2029. The present value of <span class=\"_ _4\"></span>the <span class=\"ls186\">forecast <span class=\"ls199\">set</span>tlement amount of the p<span class=\"_ _0\"></span>ut option is expensed over the sam<span class=\"_ _0\"></span>e vesting periods.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18f ws0 gsb2\">Valuation <span class=\"ls18e\">assumptions<span class=\"ls0\"> </span></span></div><div class=\"gsb3\"><table class=\"s w8c he5\" id=\"_f632966e-cadf-4830-be29-8a374af59635\"><tr><td></td><td class=\"c x211 y27d9 w1f hae\"><div class=\"t m1 x16f h42 y20fc ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x212 y27d9 w1f hae\"><div class=\"t m1 x1bd h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1f5 y27da w2b h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27db w2b h9e\"><div class=\"t m1 x0 h9b y1f39 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x211 y27db w1f h9e\"><div class=\"t m1 x1bd h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">11%<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27db w1f h9e\"><div class=\"t m1 x1c7 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">11%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27dc w2b h9d\"><div class=\"t m1 x0 h9b y1f61 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x211 y27dc w1f h9d\"><div class=\"t m1 x1bd h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">17%<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27dc w1f h9d\"><div class=\"t m1 x2b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">17%<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls179 ws0 gsb4\">Sensitivity <span class=\"ls18e\">analysis<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsb5\">The valu<span class=\"ls18e\">ation of<span class=\"ls0\"> </span></span>other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses is an area of significant estim<span class=\"_ _0\"></span>ation uncertainty as the fair value h<span class=\"_ _0\"></span>as been determined </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gsb6\">with refer<span class=\"_ _4\"></span>ence to the <span class=\"_ _4\"></span>expected futur<span class=\"_ _4\"></span>e value and<span class=\"_ _4\"></span> performance o<span class=\"_ _4\"></span>f <span class=\"ls18e\">a portion of the<span class=\"ls0\"> <span class=\"ls17f\">busines<span class=\"_ _4\"></span>s. The estimates<span class=\"ls0\"> <span class=\"ls17a\">will <span class=\"_ _4\"></span>be updated in<span class=\"_ _4\"></span> each report<span class=\"_ _4\"></span><span class=\"ls185\">ing </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gsb7\">period until the associ<span class=\"_ _4\"></span>ated liabilities <span class=\"_ _4\"></span>are settled<span class=\"ls190\">. The table below illustr<span class=\"_ _0\"></span>ates the impa<span class=\"_ _0\"></span>ct of changing<span class=\"_ _0\"></span> the most sig<span class=\"_ _0\"></span>nificant assum<span class=\"_ _0\"></span>ptions used<span class=\"_ _0\"></span> in </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gsb8\">the expected future value calc<span class=\"_ _0\"></span>ulation on the expense recogn<span class=\"_ _0\"></span>ised in the consolidated income<span class=\"_ _0\"></span> statement.<span class=\"ls0\"> </span></div><div class=\"gsb9\"><table class=\"s w8d he6\" id=\"_7ef5b0b0-5221-4cf9-900d-e860ef51fff0\"><tr><td></td><td></td><td class=\"c x213 y27dd w8e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Increase/(decrease) in<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x214 y27de w8f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">employment-related expense<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27df w2b hae\"><div class=\"t m1 x0 h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x211 y27df w2c hae\"><div class=\"t m1 x177 h42 y1f56 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td></tr><tr><td class=\"c x1f5 y27e0 w2b h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Discount rate de<span class=\"_ _4\"></span>creased/(increased) <span class=\"_ _4\"></span>by 5%<span class=\"ls0\"> </span></div></td><td class=\"c x211 y27e0 w1f h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27e0 w1f h9d\"><div class=\"t m1 x2b h9b y1f29 ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e1 w2b h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18d ws0\">Forecast <span class=\"ls184\">growth in <span class=\"ls186\">future cash flows increased/(decreased) by <span class=\"ls17f\">50<span class=\"ls0\">%<span class=\"_ _0\"></span> </span></span></span></span></div></td><td class=\"c x211 y27e1 w1f h9d\"><div class=\"t m1 x4b h9b y1f4d ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27e1 w1f h9d\"><div class=\"t m1 x4b h9b y1f4d ff5b fs2e fcb sc0 ls186 ws0\">(9)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gsba\">6.3<span class=\"ls1b7\">. Other c<span class=\"_ _0\"></span>osts</span> </div><div class=\"gsbb\"><table class=\"s w90 he7\" id=\"_c0cf74ca-b422-4a61-b439-0ddfc7398384\"><tr><td></td><td class=\"c x1f0 y27e2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27e2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27e3 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27e3 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e4 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Costs associated <span class=\"_ _4\"></span>with legal claims <span class=\"ls187\">(Note 29)<span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e4 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e4 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1f5 y27e5 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls183 ws0\">Technology and communications<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e5 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e6 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Staff benefits<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e6 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e6 w20 h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e7 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Audit, tax, l<span class=\"_ _4\"></span>egal and other pro<span class=\"_ _4\"></span>fessional fees<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e7 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e8 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18b ws0\">Occupancy<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e8 w20 h9d\"><div class=\"t m1 x24 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e8 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">18<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e9 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Other <span class=\"ls18e\">cash costs</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e9 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e9 w20 h9e\"><div class=\"t m1 x4b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ea w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls183 ws0\">Temporary staff, recruitment, cons<span class=\"_ _4\"></span>ultancy and managed services<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ea w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ea w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27eb w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls183 ws0\">Travel and entertainment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27eb w20 h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27eb w20 h9e\"><div class=\"t m1 x4b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ec w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Marketing a<span class=\"_ _4\"></span>nd sponsorshi<span class=\"_ _4\"></span>p<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ec w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x1f7 y27ec w20 h9d\"><div class=\"t m1 x129 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y27ed w29 h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Insurance<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y27ee w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related costs</span> <span class=\"ls187\">(Note 10)</span> </span></div></td><td class=\"c x1f6 y27ee w20 h9e\"><div class=\"t m1 x177 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y27ee w20 h9e\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27ef w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Lease<span class=\"ls0\">-<span class=\"ls18c\">related costs</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ef w20 h9d\"><div class=\"t m1 x129 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y27ef w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27f0 w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls18b ws0\">Other costs <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated fund <span class=\"ls188\">enti<span class=\"_ _4\"></span>ties (Note 5.2)<span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1f6 y27f0 w20 h9e\"><div class=\"t m1 x177 h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y27f0 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f1 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">O<span class=\"ls1b9\">ther costs before depreciation an<span class=\"_ _0\"></span>d amortisation</span> </div></td><td class=\"c x1f6 y27f1 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls17e ws0\">200<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f1 w20 h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">164<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f2 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets (Note <span class=\"_ _4\"></span><span class=\"ls17e\">8.<span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x1f6 y27f2 w20 h9e\"><div class=\"t m1 x24 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f2 w20 h9e\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f3 w29 h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>leasehold improvement<span class=\"_ _4\"></span>s and equipment<span class=\"ls0\"> <span class=\"ls187\">(</span><span class=\"ls187\">Note </span>1<span class=\"ls199\">7</span><span class=\"ls199\">)</span> </span></div></td><td class=\"c x1f6 y27f3 w20 h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f3 w20 h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f4 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation of <span class=\"_ _4\"></span>software intangibl<span class=\"_ _4\"></span>e assets (Note <span class=\"ls0\">1<span class=\"ls17e\">8</span></span><span class=\"ls0\"><span class=\"ls17e\">)</span> </span></div></td><td class=\"c x1f6 y27f4 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f4 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2794 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Total other costs</div><div class=\"t m5 x42 h99 y211c ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x1f6 y2794 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">258<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2794 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">215<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls181 ws0 gsbc\">Auditor remunerati<span class=\"_ _4\"></span>on<span class=\"ls0\"> </span></div><div class=\"gsbd\"><table class=\"s w91 he8\" id=\"_f37acaa9-8ade-44bb-852f-d9037ce0cd52\"><tr><td></td><td class=\"c x1f0 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27f6 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27f6 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f7 w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">Fees payable to the external <span class=\"_ _4\"></span>auditor for the audit of <span class=\"_ _4\"></span>the consolidated financial st<span class=\"_ _4\"></span>atements<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f8 w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18b ws0\">Other services:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27f9 w29 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls183 ws0\">The <span class=\"ls18e\">audit of the Company\u2019s subsidiaries<span class=\"_ _4\"></span> pursuant to legislation</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27f9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fa w29 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Audit<span class=\"ls0\">-<span class=\"ls18c\">related assurance services</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fa w20 h9e\"><div class=\"t m1 x1bd h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">0.5<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fa w20 h9e\"><div class=\"t m1 x2b h9b y1f35 ff59 fs2e fcb sc0 ls17e ws0\">0.5<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fb w29 h9d\"><div class=\"t m1 x1bf h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">All other serv<span class=\"_ _4\"></span>ices<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fb w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls181 ws0\">0.<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fb w20 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17e ws0\">0.4<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls179 ws0\">Total auditor\u2019s remuneration<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fc w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5.<span class=\"ls0\">3</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5.1<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "6<span class=\"ls1b7\">.1. Compen<span class=\"_ _0\"></span>sation costs</span>  <table class=\"s w8a he3\" id=\"_ee732ff8-c312-4148-abd1-b5503fef4bb1\"><tr><td></td><td class=\"c x1e6 y27cb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27cb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27cc w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27cc w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27cd w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Salaries<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27cd w1f h9e\"><div class=\"t m1 x16f h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">225<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27cd w20 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">219<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27ce w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls18f ws0\">Variable cash compensa<span class=\"_ _4\"></span>tion<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27ce w1f h9d\"><div class=\"t m1 x16f h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">264<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27ce w20 h9d\"><div class=\"t m1 x16f h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">294<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27cf w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls180 ws0\">Deferred compensatio<span class=\"_ _4\"></span>n: share<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"><span class=\"ls17f\"> </span> </span></div></td><td class=\"c x1ec y27cf w1f h9d\"><div class=\"t m1 x1bb h9b y1f77 ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27cf w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d0 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls180 ws0\">Deferred compensatio<span class=\"_ _4\"></span>n: fund product<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y27d0 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17e ws0\">93<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d0 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls17e ws0\">81<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls179 ws0\">Social <span class=\"ls199\">security costs</span><span class=\"ls199\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y27d1 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">60<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d1 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">54<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d2 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Pension costs (Note <span class=\"_ _4\"></span><span class=\"ls0\">14</span><span class=\"ls0\">) </span></div></td><td class=\"c x1ec y27d2 w1f h9e\"><div class=\"t m1 x1bb h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d2 w20 h9e\"><div class=\"t m1 x4b h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">C<span class=\"ls197\">ompensation costs</span> </div></td><td class=\"c x1ec y27d3 w1f h9e\"><div class=\"t m1 x189 h9b y1f79 ff5b fs2e fcb sc0 ls188 ws0\">707<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d3 w20 h9e\"><div class=\"t m1 x189 h9b y1f79 ff59 fs2e fcb sc0 ls199 ws0\">706<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y27d5 w29 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fixed compensation: salaries <span class=\"_ _4\"></span>and associated social security <span class=\"_ _4\"></span>costs, and pension costs<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d5 w1f h9d\"><div class=\"t m1 x16f h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">274<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d5 w20 h9d\"><div class=\"t m1 x16f h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d6 w29 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls1b8 ws0\">Variable compensati<span class=\"_ _4\"></span>on: variable cash <span class=\"ls1a3\">compensation,<span class=\"_ _4\"></span> deferred compensation and associated social <span class=\"_ _4\"></span>security costs</span><span class=\"ls1a3\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y27d6 w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">433<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d6 w20 h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">442<span class=\"ls0\"> </span></div></td></tr></table>The unamortised deferred compensation at 31<span class=\"_ _4\"></span> December 202<span class=\"ls0\">5 <span class=\"ls185\">is <span class=\"ls197\">$121 <span class=\"ls19b\">million <span class=\"_ _4\"></span>(202<span class=\"ls0\">4<span class=\"ls190\">: $</span>1<span class=\"ls17e\">03</span> </span>million) <span class=\"_ _4\"></span>and has <span class=\"_ _4\"></span>a weighted<span class=\"_ _4\"></span> average r<span class=\"_ _4\"></span>emaining </span></span></span></span>vesting period of <span class=\"ls17c\">1.9 </span>years (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls18d\">2.</span></span>1 </span>yea<span class=\"ls18c\">rs).<span class=\"ls0\">  </span></span>We recognis<span class=\"_ _4\"></span>ed <span class=\"ls197\">$30 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on of re<span class=\"_ _4\"></span>structuri<span class=\"_ _4\"></span>ng costs <span class=\"_ _4\"></span><span class=\"ls18e\">as part of significant restr<span class=\"_ _4\"></span>ucturing programmes <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls186\">the year ended 31 Dece<span class=\"_ _0\"></span>mber 202</span>5 <span class=\"ls187\">(20</span>2<span class=\"_ _0\"></span>4<span class=\"ls190\">: </span></span></span></span></span></span>$22 million)<span class=\"ls190\">, included within variable c<span class=\"_ _0\"></span>ompensatio<span class=\"_ _0\"></span>n costs. These<span class=\"_ _0\"></span> costs were inc<span class=\"_ _0\"></span>urred in realign<span class=\"ls185\">in<span class=\"_ _0\"></span>g<span class=\"ls0\"> <span class=\"ls183\">our resource<span class=\"ls199\">s with the future requirements </span></span></span></span></span>of the business<span class=\"ls0\">. </span>Average <span class=\"ls184\">headcount<span class=\"ls0\"> </span></span>The table below details average <span class=\"_ _4\"></span>headcount by function, including dir<span class=\"_ _4\"></span>ectors, employees, partners and contractor<span class=\"_ _4\"></span>s.<span class=\"ls0\"> </span><table class=\"s w8b he4\" id=\"_7fdcbc14-1b6c-4b32-9b93-c627a8bbdfdb\"><tr><td></td><td class=\"c x1ec y271c w1f h9e\"><div class=\"t m1 x16f h42 y20f2 ff5d fsd fcb sc0 ls0 ws0\">2025  </div></td><td class=\"c x1ed y271c w20 h9e\"><div class=\"t m1 x16f h42 y20f2 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y271d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Investment m<span class=\"_ _0\"></span>anagement<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271d w1f h9e\"><div class=\"t m1 x16f h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">467<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271d w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">456<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls179 ws0\">Sales and marketing<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d7 w1f h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">295<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d7 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y271f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Infrastructure an<span class=\"_ _0\"></span>d support<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271f w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">555<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271f w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17f ws0\">575<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2720 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls183 ws0\">Technology<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2720 w1f h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">453<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2720 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">483<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Average headcount<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d8 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">1,7<span class=\"ls188\">70</span> </div></td><td class=\"c x1ed y27d8 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">1,802<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2721 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls189 ws0\">Headcount at 31<span class=\"_ _4\"></span> December<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2721 w1f h9e\"><div class=\"t m1 xdc h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">1,<span class=\"ls188\">719</span> </div></td><td class=\"c x1ed y2721 w20 h9e\"><div class=\"t m1 x4 h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,777<span class=\"ls0\"> </span></div></td></tr></table>Defined contrib<span class=\"_ _4\"></span>utio<span class=\"ls17d\">n plans<span class=\"ls0\"> </span></span>Defined contribu<span class=\"_ _4\"></span>tion plan costs <span class=\"_ _4\"></span>totalled <span class=\"ls197\">$1<span class=\"ls0\">8 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion for <span class=\"_ _4\"></span>the year <span class=\"_ _4\"></span>to 31 Dec<span class=\"_ _4\"></span>ember 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $1</span>7 </span>million)<span class=\"_ _4\"></span>.<span class=\"ls0\"> </span></span></span></span>Defined benefit<span class=\"_ _4\"></span> plans<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the UK Plan comprised<span class=\"_ _0\"></span> <span class=\"ls17e\">85% <span class=\"ls187\">(31 December 202</span></span></span>4<span class=\"_ _0\"></span><span class=\"ls190\">: 8</span>8<span class=\"ls1be\">%) of our total<span class=\"_ _4\"></span> defined ben<span class=\"_ _4\"></span>efit pension<span class=\"_ _4\"></span> obligations<span class=\"ls0\">. </span></span></span>2025<span class=\"_ _1bd\"> </span>2024<span class=\"_ _1bd\"> </span>$m<span class=\"_ _1bd\"> </span>$m<span class=\"_ _1bd\"> </span>Present value of <span class=\"_ _4\"></span>funded obligations<span class=\"ls0\"> </span>(284)<span class=\"ls0\"> </span>(259)<span class=\"ls0\"> </span>Fair value of plan asset<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span>298<span class=\"ls0\"> </span>272<span class=\"ls0\"> </span>Net pension asse<span class=\"_ _4\"></span>t<span class=\"ls0\"> </span>14<span class=\"ls0\"> </span>Impact on the <span class=\"ls18e\">con<span class=\"_ _0\"></span>solidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> </span></span>Changes in the pr<span class=\"_ _4\"></span>esent value of the<span class=\"_ _4\"></span> defined <span class=\"ls17f\">benefit obligati<span class=\"_ _4\"></span>ons and the fair value of the <span class=\"_ _4\"></span>plan assets are as follows:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span><table class=\"s we3 hfc\" id=\"_105a2db3-d207-48b8-8c46-adb359933bbd\"><tr><td></td><td></td><td class=\"c x276 y28e9 w33 hae\"><div class=\"t m1 x10a h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x22b y28e9 w48 hae\"><div class=\"t m1 x10f h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x277 y28ea we4 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Net pension<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x278 y28ea we5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Net pension<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x279 y28eb we6 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">asset/<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x27a y28eb we7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">asset/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28ec w47 hb9\"><div class=\"t m1 x1b8 h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x276 y28ec w20 hba\"><div class=\"t m1 x1b9 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x27b y28ec w1f hba\"><div class=\"t m1 x1c0 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Liabilities </div></td><td class=\"c x27c y28ed we8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">(liability)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22b y28ec w20 hba\"><div class=\"t m1 xdc h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x216 y28ec w20 hba\"><div class=\"t m1 xef h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td><td class=\"c x27d y28ed we9 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">(liability)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28ee w47 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28ee w20 h9e\"><div class=\"t m1 x16f h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">272<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28ee w1f h9e\"><div class=\"t m1 xdc h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(2<span class=\"ls17d\">59</span><span class=\"ls17d\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x232 y28ee w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28ee w20 h9e\"><div class=\"t m1 x16f h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">304<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28ee w20 h9e\"><div class=\"t m1 x75 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(292)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28ee w1f h9e\"><div class=\"t m1 x3 h9b y1f76 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28ef w47 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls181 ws0\">Amounts recognised i<span class=\"_ _4\"></span>n profit and lo<span class=\"_ _4\"></span>ss:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f0 w47 h9d\"><div class=\"t m1 x1bf h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Current service <span class=\"_ _4\"></span>cost to employer<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f0 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f0 w1f h9d\"><div class=\"t m1 x4b h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">(2) </div></td><td class=\"c x232 y28f0 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f0 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f0 w20 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28f0 w1f h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f1 w47 h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls198 ws0\">Interest income<span class=\"_ _0\"></span>/(cost)<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f1 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28f1 w1f h9e\"><div class=\"t m1 x2b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f1 w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28f1 w20 h9e\"><div class=\"t m1 x4b h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28f1 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17c\">12</span>) </div></td><td class=\"c x220 y28f1 w1f h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28f2 w47 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls18f ws0\">Running costs<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28f2 w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f2 w20 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28f2 w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28f2 w1f h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f3 w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Amounts recognised i<span class=\"_ _4\"></span>n other comprehensive<span class=\"ls0\"> <span class=\"ls185\">income:</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f4 w47 h9d\"><div class=\"t m1 x1bf h9b y1f33 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurements due to:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f5 w47 h9d\"><div class=\"t m1 x1bf h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">changes in financial assumptions</span> </div></td><td class=\"c x276 y28f5 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f5 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x232 y28f5 w20 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x22b y28f5 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f5 w20 h9d\"><div class=\"t m1 x24 h9b y1f5f ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28f5 w1f h9d\"><div class=\"t m1 x24 h9b y1f5f ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f6 w47 h9e\"><div class=\"t m1 x1bf h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">changes in demographic assumptions</span> </div></td><td class=\"c x276 y28f6 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f6 w1f h9e\"><div class=\"t m1 x3 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f6 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f6 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f6 w20 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x220 y28f6 w1f h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y28f7 w47 h9d\"><div class=\"t m1 x1bf h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls188\">experience adjustments</span> </div></td><td class=\"c x276 y28f7 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f7 w1f h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f7 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f7 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f7 w20 h9d\"><div class=\"t m1 x129 h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28f7 w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x236 y28f8 wea hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">actual return on plan assets less int<span class=\"_ _4\"></span>erest<span class=\"_ _1bd\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x27e y28f9 web hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">on plan assets<span class=\"_ _1bd\"> </span></div></td><td class=\"c x276 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">1</div><div class=\"t m5 x1d h99 y22b3 ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x27b y28fa w1f ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28fa w20 ha2\"><div class=\"t m1 x1bd h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls18d\">23</span>) </div></td><td class=\"c x216 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28fa w1f ha2\"><div class=\"t m1 x2b h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls18d\">23</span>) </div></td></tr><tr><td class=\"c x1eb y28fb w47 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls197 ws0\">Employer contributions (<span class=\"_ _4\"></span>including plan funding)<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fb w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x27b y28fb w1f h9d\"><div class=\"t m1 x129 h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28fb w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y28fb w20 h9d\"><div class=\"t m1 x129 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x216 y28fb w20 h9d\"><div class=\"t m1 x129 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28fb w1f h9d\"><div class=\"t m1 x1cb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28fc w47 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls197 ws0\">Employee contributions<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fc w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x27b y28fc w1f h9e\"><div class=\"t m1 x3 h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fc w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y28fc w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x216 y28fc w20 h9e\"><div class=\"t m1 x177 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28fc w1f h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28fd w47 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fd w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">23<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28fd w1f h9d\"><div class=\"t m1 x189 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(22)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fd w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28fd w20 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(7)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28fd w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x220 y28fd w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28fe w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Benefit <span class=\"ls184\">payments</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x276 y28fe w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28fe w1f h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fe w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y28fe w20 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17c\">15</span>) </div></td><td class=\"c x216 y28fe w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28fe w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28ff w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year <span class=\"ls0\"> </span></div></td><td class=\"c x276 y28ff w20 h9e\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">298<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28ff w1f h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(284)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28ff w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28ff w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">272<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28ff w20 h9e\"><div class=\"t m1 x75 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2<span class=\"ls17f\">59</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x220 y28ff w1f h9e\"><div class=\"t m1 x3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td></tr></table>Actuarial assumpti<span class=\"_ _4\"></span>ons used<span class=\"ls0\"> </span>The most significant actuarial<span class=\"_ _4\"></span> assumptions used in the valuations <span class=\"_ _4\"></span>of the two plans are as follows:<span class=\"ls0\"> </span><table class=\"s wec hfd\" id=\"_b98b46c2-dd9b-4158-88c9-c65f893ad826\"><tr><td></td><td class=\"c x232 y2900 w3a hae\"><div class=\"t m1 x1bb h42 y2149 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1ec y2900 w3a hae\"><div class=\"t m1 x189 h42 y2149 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td></td><td class=\"c x27f y2901 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x280 y2901 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e6 y2901 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2901 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x281 y2902 wed hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x282 y2902 wee hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x221 y2902 wed hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x283 y2902 wee hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2903 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2903 w20 h9e\"><div class=\"t m1 x2b h9b y1f39 ff5b fs2e fcb sc0 ls17d ws0\">5.5<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2903 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">5.5<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2903 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1.3<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2903 w20 h9e\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1.1<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2904 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17d ws0\">Price inflati<span class=\"_ _4\"></span>on<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2904 w20 h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">2.8<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2904 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2904 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2904 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2905 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Future salary increases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2905 w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2905 w1f h9e\"><div class=\"t m1 xeb h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2905 w1f h9e\"><div class=\"t m1 x24 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2905 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2906 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17d ws0\">Pension payment increases<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x232 y2906 w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">3.6<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2906 w1f h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">3.7<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2906 w1f h9d\"><div class=\"t m1 x129 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2906 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2907 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls180 ws0\">Deferred pensions <span class=\"_ _4\"></span>increases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2907 w20 h9d\"><div class=\"t m1 x1bd h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">5.0<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2907 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2907 w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2907 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2908 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Interest crediting<span class=\"_ _0\"></span> rate <span class=\"ls0\"> </span></div></td><td class=\"c x232 y2908 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2908 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2908 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f43 ff5b fs2e fcb sc0 ls17b ws0\">1.8<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2908 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">1.3<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2909 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls179 ws0\">Social security i<span class=\"_ _4\"></span>ncreases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2909 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2909 w1f h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2909 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">1.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2909 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr></table>Illustrative life expe<span class=\"_ _0\"></span>ctancy assum<span class=\"_ _0\"></span>ptions are set ou<span class=\"_ _0\"></span>t in the table belo<span class=\"_ _0\"></span>w.<span class=\"ls0\"> </span><table class=\"s wef hfe\" id=\"_faff69c3-75d7-4c98-b18d-6259d713fab2\"><tr><td></td><td class=\"c x232 y290a w3a h9e\"><div class=\"t m1 x1bb h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1ec y290a w3a h9e\"><div class=\"t m1 x189 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td class=\"c x1eb y290b w49 hae\"><div class=\"t m1 x1b8 h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">Years </div></td><td class=\"c x232 y290b w20 hae\"><div class=\"t m1 x16f h42 y1f33 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x250 y290b w1f hae\"><div class=\"t m1 x189 h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td class=\"c x1ec y290b w1f hae\"><div class=\"t m1 x16f h42 y1f33 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1ed y290b w20 hae\"><div class=\"t m1 x16f h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y290c w49 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of male aged 60 at year<span class=\"ls0\">-</span>end<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290c w20 h9e\"><div class=\"t m1 x4 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">26.8<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290c w1f h9e\"><div class=\"t m1 x16f h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">26.5<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290c w1f h9e\"><div class=\"t m1 x75 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">28.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290c w20 h9e\"><div class=\"t m1 x16f h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">27.9<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290d w49 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of male aged 60 in 20 <span class=\"_ _4\"></span>years<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290d w20 h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">28.3<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290d w1f h9d\"><div class=\"t m1 x75 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">28.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290d w1f h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">30.4<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290d w20 h9d\"><div class=\"t m1 x75 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">30.3<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290e w49 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of female aged 60 at <span class=\"_ _4\"></span>year<span class=\"ls0\">-</span>end<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290e w20 h9e\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">29.5<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290e w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">29.4<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290e w1f h9e\"><div class=\"t m1 x75 h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">29.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290e w20 h9e\"><div class=\"t m1 x75 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">29.8<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290f w49 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of female aged 60 in <span class=\"_ _4\"></span>20 years<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290f w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">30.9<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290f w1f h9d\"><div class=\"t m1 x75 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">30.8<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290f w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">31.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290f w20 h9d\"><div class=\"t m1 x16f h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">31.8<span class=\"ls0\"> </span></div></td></tr></table>The duration of a pension plan <span class=\"_ _4\"></span>is the average term over which the pl<span class=\"_ _4\"></span>an\u2019s benefits are expected to fal<span class=\"_ _4\"></span>l due, weighted by the p<span class=\"ls18c\">resent value of </span>each expected benefit payment. The duration <span class=\"_ _4\"></span>of the UK Plan is approximately <span class=\"ls17c\">11 <span class=\"ls18e\">years,<span class=\"_ _4\"></span> and the duration of the Swiss<span class=\"ls0\"> <span class=\"ls17d\">Plan is <span class=\"_ _4\"></span>approximately </span></span></span></span>16<span class=\"ls0\"> <span class=\"ls18e\">years.<span class=\"_ _1bd\"> </span></span></span>Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span>The table below illustrates<span class=\"_ _4\"></span> the impact on the assessed value of <span class=\"_ _4\"></span>the benefit obligations from changing <span class=\"_ _4\"></span>the most sensitive actu<span class=\"ls18e\">arial </span>assumptions in isolation. The calcul<span class=\"_ _4\"></span>ations have <span class=\"ls17f\">been carried out using <span class=\"_ _4\"></span>the same method and data as our pension fi<span class=\"_ _4\"></span>gures. A combination </span>of<span class=\"ls0\"> <span class=\"ls18e\">changes in assumptions could produce a different <span class=\"_ _4\"></span>result. <span class=\"ls0\"> </span></span></span><table class=\"s wf0 hf4\" id=\"_342494bf-8d1f-406f-845a-f369bf9e2daa\"><tr><td></td><td></td><td class=\"c x284 y2910 wf1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Increase in obligation at<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x285 y2910 wf2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Increase in obligation at<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x286 y2911 wf3 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">31 December 2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x287 y2911 wf4 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">31 December 2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2912 w4a hae\"><div class=\"t m1 x0 h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y2912 w1f hae\"><div class=\"t m1 x1c2 h42 y1f56 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td class=\"c x289 y2912 w20 hae\"><div class=\"t m1 xe9 h42 y1f56 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td class=\"c x1f6 y2912 w20 hae\"><div class=\"t m1 x1be h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td class=\"c x1f7 y2912 w20 hae\"><div class=\"t m1 x1c5 h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td></tr><tr><td class=\"c x1f5 y2913 w4a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Discount rate de<span class=\"_ _4\"></span>creased by 0.5% p.a.<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y2913 w1f h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2913 w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f6 y2913 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2913 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y2914 w4a h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls198 ws0\">Inflation rate incr<span class=\"_ _0\"></span>eased by 0.5%<span class=\"_ _0\"></span> p.a.<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2914 w1f h9d\"><div class=\"t m1 xeb h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x289 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2915 w4a h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">One<span class=\"ls0\">-<span class=\"ls18e\">year increase in assumed life expectancy</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y2915 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x289 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1f7 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr></table>Pension asset invest<span class=\"_ _4\"></span>ments<span class=\"ls0\"> </span>The assets held by the two plans<span class=\"_ _4\"></span> are as <span class=\"ls186\">follows:<span class=\"ls0\"> </span></span><table class=\"s wf5 hff\" id=\"_9b62d39a-08e9-4ab5-8c04-433310259758\"><tr><td></td><td class=\"c x288 y2916 w3a hae\"><div class=\"t m1 x1bb h42 y1f3b ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1f6 y2916 w4b hae\"><div class=\"t m1 x16f h42 y1f3b ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td class=\"c x1f5 y2917 w4a hae\"><div class=\"t m1 x0 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y2917 w1f hae\"><div class=\"t m1 x16f h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x289 y2917 w20 hae\"><div class=\"t m1 x16f h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024  </div></td><td class=\"c x1f6 y2917 w20 hae\"><div class=\"t m1 x75 h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1f7 y2917 w20 hae\"><div class=\"t m1 x16f h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024  </div></td></tr><tr><td class=\"c x1f5 y2918 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Bonds<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2918 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">105<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2918 w20 h9d\"><div class=\"t m1 x1bb h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">92<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2918 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2918 w20 h9d\"><div class=\"t m1 x4b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2919 w4a h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls188 ws0\">Liability<span class=\"ls0\">-<span class=\"ls17f\">driven investments (<span class=\"_ _4\"></span>LDI)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x288 y2919 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2919 w20 h9e\"><div class=\"t m1 x1bb h9b y1f63 ff59 fs2e fcb sc0 ls197 ws0\">43<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2919 w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y2919 w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y291a w4a h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Fund investments<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291a w1f h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291a w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">43<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291a w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y291a w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y291b w4a h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls198 ws0\">Index<span class=\"ls0\">-<span class=\"ls185\">linked g<span class=\"_ _0\"></span>overnmen<span class=\"_ _0\"></span>t bonds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y291b w1f h9e\"><div class=\"t m1 x4b h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291b w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291b w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y291b w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y291c w4a h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls197 ws0\">Equities<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291c w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291c w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291c w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y291c w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y291d w4a h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17d ws0\">Property<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291d w1f h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y291e w4a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18a ws0\">Cash<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291e w1f h9e\"><div class=\"t m1 x1bb h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">24<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291e w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291e w20 h9e\"><div class=\"t m1 x129 h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y291e w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y291f w4a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291f w1f h9d\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2920 w4a h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls183 ws0\">Total assets<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2920 w1f h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17e ws0\">256<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2920 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">240<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2920 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2920 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">32<span class=\"ls0\"> </span></div></td></tr></table>The UK Plan investment strategy is<span class=\"_ _4\"></span> set by the trustees. The curr<span class=\"_ _4\"></span>ent strategy is broadly split<span class=\"_ _4\"></span> into growth and matching portfo<span class=\"ls1bb\">lios<span class=\"ls190\">, with t<span class=\"ls184\">he </span></span></span>growth portfolio invested <span class=\"_ _4\"></span>in Man Diversified Risk <span class=\"_ _4\"></span>Premia. The <span class=\"ls19b\">matchi<span class=\"_ _4\"></span>ng portfo<span class=\"_ _4\"></span>lio is <span class=\"_ _4\"></span>invested <span class=\"_ _4\"></span>primaril<span class=\"_ _4\"></span>y in gove<span class=\"_ _4\"></span>rnment and <span class=\"_ _4\"></span>corporate<span class=\"_ _4\"></span> bonds (t<span class=\"_ _4\"></span>he </span>latter through a<span class=\"_ _0\"></span>bsolute return<span class=\"_ _0\"></span> bonds<span class=\"ls0\"> <span class=\"ls18e\">and buy and maintain credit <span class=\"ls184\">holdings), and LDI funds. <span class=\"_ _4\"></span>The UK Plan investment strategy hedges <span class=\"_ _4\"></span>around </span></span></span>100% of the movement in the<span class=\"_ _0\"></span> \u2018technical <span class=\"ls184\">provisions\u2019 funding <span class=\"_ _4\"></span>measure (as opposed to the accounting <span class=\"_ _4\"></span>measure under IAS 19 \u2018Employee </span>Benefits\u2019) for<span class=\"_ _4\"></span> both interest <span class=\"_ _4\"></span>rate and inflati<span class=\"_ _4\"></span>on expectation changes.<span class=\"_ _4\"></span><span class=\"ls0\"> </span>Part of the inv<span class=\"_ _4\"></span>estment objective of <span class=\"_ _4\"></span>the UK Plan is to <span class=\"_ _4\"></span>minimise fluctuations i<span class=\"_ _4\"></span>n the UK Plan\u2019s fundi<span class=\"ls197\">ng l<span class=\"_ _4\"></span>evels due to changes in t<span class=\"_ _4\"></span>he value of the </span>liabilities. This is pr<span class=\"_ _0\"></span>imarily achieve<span class=\"_ _0\"></span>d using the LD<span class=\"_ _0\"></span>I funds, whic<span class=\"_ _0\"></span>h aim to hedg<span class=\"_ _0\"></span>e moveme<span class=\"_ _0\"></span>nts in the pens<span class=\"_ _0\"></span>ion liability due t<span class=\"_ _0\"></span>o cha<span class=\"ls197\">nges in interest </span>rate and inflation expectations<span class=\"_ _0\"></span>. LDI primarily involves the use of go<span class=\"ls18e\">vernm<span class=\"_ _0\"></span>ent bonds (including repurchase agreements) and deri<span class=\"_ _4\"></span>vatives such </span>as interest rate and infl<span class=\"_ _4\"></span>ation swaps. There are no annuities or l<span class=\"_ _4\"></span>ongevity swaps. These instruments are typically <span class=\"_ _4\"></span>priced and c<span class=\"ls183\">ollateralised daily </span>by the UK Plan\u2019s LDI manager and/or <span class=\"_ _4\"></span>centr<span class=\"ls18e\">al clearing houses. Given t<span class=\"_ _4\"></span>hat the purpose of LDI is to hedge corr<span class=\"_ _4\"></span>esponding liability exposures, the </span>main ri<span class=\"_ _4\"></span>sk is th<span class=\"_ _4\"></span>at the i<span class=\"_ _4\"></span>nvestments <span class=\"_ _4\"></span>held move <span class=\"_ _4\"></span>different<span class=\"_ _4\"></span>ly to t<span class=\"_ _4\"></span>he liabi<span class=\"_ _4\"></span>lity ex<span class=\"_ _4\"></span>posures. <span class=\"_ _4\"></span>This ris<span class=\"_ _4\"></span>k is mana<span class=\"_ _4\"></span>ged by the<span class=\"_ _4\"></span> trustees<span class=\"_ _4\"></span>, the<span class=\"ls185\">ir advisers and the </span>UK Plan\u2019s <span class=\"ls188\">LDI manager, <span class=\"_ _4\"></span>who<span class=\"ls0\"> <span class=\"ls18c\">regularly assess the pos<span class=\"_ _0\"></span>ition. </span> </span></span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the UK Plan\u2019s hedging a<span class=\"_ _0\"></span>ssets continu<span class=\"_ _0\"></span>ed to</span> <span class=\"ls184\">hedge around <span class=\"ls17c\">100% <span class=\"ls183\">of interest rates and inflati<span class=\"_ _4\"></span>on on the technical </span></span></span></span>provisions basis<span class=\"ls0\"> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: 100%). The level o<span class=\"_ _0\"></span>f leverage utilise<span class=\"_ _0\"></span>d was in line <span class=\"ls17a\">with regulatory r<span class=\"_ _4\"></span>equirements. <span class=\"_ _4\"></span>The UK Plan <span class=\"_ _4\"></span>maintains a <span class=\"_ _4\"></span>collateral<span class=\"_ _4\"></span> </span></span></span>waterfall<span class=\"_ _4\"></span> and has addi<span class=\"_ _4\"></span>tional sou<span class=\"_ _4\"></span>rces of shor<span class=\"_ _4\"></span>t<span class=\"ls0\">-<span class=\"ls186\">term cash from the trustee<span class=\"_ _0\"></span> bank account, and access to d<span class=\"_ _0\"></span>aily</span>-<span class=\"ls17f\">dealing funds should further </span></span>collateral calls be made.<span class=\"ls0\"> </span>The government bond<span class=\"ls0\"> <span class=\"ls18e\">and <span class=\"ls17f\">buy a<span class=\"ls197\">nd maintain corporat<span class=\"_ _4\"></span>e bond assets<span class=\"ls0\"> <span class=\"ls184\">have prices quoted i<span class=\"_ _4\"></span>n active markets and the absolut<span class=\"_ _4\"></span>e return bonds, LDI </span></span></span></span></span></span>and Man Diversified Risk Premia are <span class=\"_ _4\"></span>primarily unquoted. At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, around <span class=\"ls18d\">29% <span class=\"ls183\">of the UK Plan assets relate to t<span class=\"_ _4\"></span>hose with quoted </span></span></span></span>prices and<span class=\"ls0\"> 7<span class=\"ls17c\">1% <span class=\"ls17a\">with unquot<span class=\"_ _4\"></span>ed prices (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: around <span class=\"ls18d\">28<span class=\"ls1be\">% quoted and <span class=\"ls199\">72</span>% unquoted<span class=\"_ _4\"></span>). The UK Pl<span class=\"_ _4\"></span>an does not <span class=\"_ _4\"></span>invest direct<span class=\"_ _4\"></span>ly in prope<span class=\"_ _4\"></span>rty </span></span></span></span></span></span></span>occupied by Man<span class=\"ls0\"> <span class=\"ls18b\">Group or our s<span class=\"_ _4\"></span>hares.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Average <span class=\"ls184\">headcount<span class=\"ls0\"> </span></span>The table below details average <span class=\"_ _4\"></span>headcount by function, including dir<span class=\"_ _4\"></span>ectors, employees, partners and contractor<span class=\"_ _4\"></span>s.<span class=\"ls0\"> </span><table class=\"s w8b he4\" id=\"_7fdcbc14-1b6c-4b32-9b93-c627a8bbdfdb\"><tr><td></td><td class=\"c x1ec y271c w1f h9e\"><div class=\"t m1 x16f h42 y20f2 ff5d fsd fcb sc0 ls0 ws0\">2025  </div></td><td class=\"c x1ed y271c w20 h9e\"><div class=\"t m1 x16f h42 y20f2 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y271d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Investment m<span class=\"_ _0\"></span>anagement<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271d w1f h9e\"><div class=\"t m1 x16f h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">467<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271d w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">456<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls179 ws0\">Sales and marketing<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d7 w1f h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">295<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y27d7 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y271f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Infrastructure an<span class=\"_ _0\"></span>d support<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y271f w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">555<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y271f w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17f ws0\">575<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2720 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls183 ws0\">Technology<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2720 w1f h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">453<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2720 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">483<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y27d8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Average headcount<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y27d8 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">1,7<span class=\"ls188\">70</span> </div></td><td class=\"c x1ed y27d8 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">1,802<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2721 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls189 ws0\">Headcount at 31<span class=\"_ _4\"></span> December<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2721 w1f h9e\"><div class=\"t m1 xdc h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">1,<span class=\"ls188\">719</span> </div></td><td class=\"c x1ed y2721 w20 h9e\"><div class=\"t m1 x4 h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">1,777<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "6.3<span class=\"ls1b7\">. Other c<span class=\"_ _0\"></span>osts</span> <table class=\"s w90 he7\" id=\"_c0cf74ca-b422-4a61-b439-0ddfc7398384\"><tr><td></td><td class=\"c x1f0 y27e2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27e2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27e3 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27e3 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e4 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Costs associated <span class=\"_ _4\"></span>with legal claims <span class=\"ls187\">(Note 29)<span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e4 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e4 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1f5 y27e5 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls183 ws0\">Technology and communications<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e5 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e6 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Staff benefits<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e6 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e6 w20 h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e7 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Audit, tax, l<span class=\"_ _4\"></span>egal and other pro<span class=\"_ _4\"></span>fessional fees<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e7 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e8 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18b ws0\">Occupancy<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e8 w20 h9d\"><div class=\"t m1 x24 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e8 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">18<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e9 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Other <span class=\"ls18e\">cash costs</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e9 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e9 w20 h9e\"><div class=\"t m1 x4b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ea w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls183 ws0\">Temporary staff, recruitment, cons<span class=\"_ _4\"></span>ultancy and managed services<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ea w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ea w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27eb w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls183 ws0\">Travel and entertainment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27eb w20 h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27eb w20 h9e\"><div class=\"t m1 x4b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ec w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Marketing a<span class=\"_ _4\"></span>nd sponsorshi<span class=\"_ _4\"></span>p<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ec w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x1f7 y27ec w20 h9d\"><div class=\"t m1 x129 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y27ed w29 h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Insurance<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y27ee w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related costs</span> <span class=\"ls187\">(Note 10)</span> </span></div></td><td class=\"c x1f6 y27ee w20 h9e\"><div class=\"t m1 x177 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y27ee w20 h9e\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27ef w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Lease<span class=\"ls0\">-<span class=\"ls18c\">related costs</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ef w20 h9d\"><div class=\"t m1 x129 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y27ef w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27f0 w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls18b ws0\">Other costs <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated fund <span class=\"ls188\">enti<span class=\"_ _4\"></span>ties (Note 5.2)<span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1f6 y27f0 w20 h9e\"><div class=\"t m1 x177 h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y27f0 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f1 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">O<span class=\"ls1b9\">ther costs before depreciation an<span class=\"_ _0\"></span>d amortisation</span> </div></td><td class=\"c x1f6 y27f1 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls17e ws0\">200<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f1 w20 h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">164<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f2 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets (Note <span class=\"_ _4\"></span><span class=\"ls17e\">8.<span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x1f6 y27f2 w20 h9e\"><div class=\"t m1 x24 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f2 w20 h9e\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f3 w29 h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>leasehold improvement<span class=\"_ _4\"></span>s and equipment<span class=\"ls0\"> <span class=\"ls187\">(</span><span class=\"ls187\">Note </span>1<span class=\"ls199\">7</span><span class=\"ls199\">)</span> </span></div></td><td class=\"c x1f6 y27f3 w20 h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f3 w20 h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f4 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation of <span class=\"_ _4\"></span>software intangibl<span class=\"_ _4\"></span>e assets (Note <span class=\"ls0\">1<span class=\"ls17e\">8</span></span><span class=\"ls0\"><span class=\"ls17e\">)</span> </span></div></td><td class=\"c x1f6 y27f4 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f4 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2794 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Total other costs</div><div class=\"t m5 x42 h99 y211c ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x1f6 y2794 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">258<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2794 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">215<span class=\"ls0\"> </span></div></td></tr></table>Auditor remunerati<span class=\"_ _4\"></span>on<span class=\"ls0\"> </span><table class=\"s w91 he8\" id=\"_f37acaa9-8ade-44bb-852f-d9037ce0cd52\"><tr><td></td><td class=\"c x1f0 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27f6 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27f6 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f7 w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">Fees payable to the external <span class=\"_ _4\"></span>auditor for the audit of <span class=\"_ _4\"></span>the consolidated financial st<span class=\"_ _4\"></span>atements<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f8 w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18b ws0\">Other services:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27f9 w29 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls183 ws0\">The <span class=\"ls18e\">audit of the Company\u2019s subsidiaries<span class=\"_ _4\"></span> pursuant to legislation</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27f9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fa w29 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Audit<span class=\"ls0\">-<span class=\"ls18c\">related assurance services</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fa w20 h9e\"><div class=\"t m1 x1bd h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">0.5<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fa w20 h9e\"><div class=\"t m1 x2b h9b y1f35 ff59 fs2e fcb sc0 ls17e ws0\">0.5<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fb w29 h9d\"><div class=\"t m1 x1bf h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">All other serv<span class=\"_ _4\"></span>ices<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fb w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls181 ws0\">0.<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fb w20 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17e ws0\">0.4<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls179 ws0\">Total auditor\u2019s remuneration<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fc w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5.<span class=\"ls0\">3</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5.1<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "6.3<span class=\"ls1b7\">. Other c<span class=\"_ _0\"></span>osts</span> <table class=\"s w90 he7\" id=\"_c0cf74ca-b422-4a61-b439-0ddfc7398384\"><tr><td></td><td class=\"c x1f0 y27e2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27e2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27e3 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27e3 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e4 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Costs associated <span class=\"_ _4\"></span>with legal claims <span class=\"ls187\">(Note 29)<span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e4 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e4 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1f5 y27e5 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls183 ws0\">Technology and communications<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e5 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e6 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Staff benefits<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e6 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e6 w20 h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e7 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Audit, tax, l<span class=\"_ _4\"></span>egal and other pro<span class=\"_ _4\"></span>fessional fees<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e7 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e8 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18b ws0\">Occupancy<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e8 w20 h9d\"><div class=\"t m1 x24 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e8 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">18<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e9 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Other <span class=\"ls18e\">cash costs</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e9 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e9 w20 h9e\"><div class=\"t m1 x4b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ea w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls183 ws0\">Temporary staff, recruitment, cons<span class=\"_ _4\"></span>ultancy and managed services<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ea w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ea w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27eb w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls183 ws0\">Travel and entertainment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27eb w20 h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27eb w20 h9e\"><div class=\"t m1 x4b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ec w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Marketing a<span class=\"_ _4\"></span>nd sponsorshi<span class=\"_ _4\"></span>p<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ec w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x1f7 y27ec w20 h9d\"><div class=\"t m1 x129 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y27ed w29 h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Insurance<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y27ee w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related costs</span> <span class=\"ls187\">(Note 10)</span> </span></div></td><td class=\"c x1f6 y27ee w20 h9e\"><div class=\"t m1 x177 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y27ee w20 h9e\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27ef w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Lease<span class=\"ls0\">-<span class=\"ls18c\">related costs</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ef w20 h9d\"><div class=\"t m1 x129 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y27ef w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27f0 w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls18b ws0\">Other costs <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated fund <span class=\"ls188\">enti<span class=\"_ _4\"></span>ties (Note 5.2)<span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1f6 y27f0 w20 h9e\"><div class=\"t m1 x177 h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y27f0 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f1 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">O<span class=\"ls1b9\">ther costs before depreciation an<span class=\"_ _0\"></span>d amortisation</span> </div></td><td class=\"c x1f6 y27f1 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls17e ws0\">200<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f1 w20 h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">164<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f2 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets (Note <span class=\"_ _4\"></span><span class=\"ls17e\">8.<span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x1f6 y27f2 w20 h9e\"><div class=\"t m1 x24 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f2 w20 h9e\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f3 w29 h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>leasehold improvement<span class=\"_ _4\"></span>s and equipment<span class=\"ls0\"> <span class=\"ls187\">(</span><span class=\"ls187\">Note </span>1<span class=\"ls199\">7</span><span class=\"ls199\">)</span> </span></div></td><td class=\"c x1f6 y27f3 w20 h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f3 w20 h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f4 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation of <span class=\"_ _4\"></span>software intangibl<span class=\"_ _4\"></span>e assets (Note <span class=\"ls0\">1<span class=\"ls17e\">8</span></span><span class=\"ls0\"><span class=\"ls17e\">)</span> </span></div></td><td class=\"c x1f6 y27f4 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f4 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2794 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Total other costs</div><div class=\"t m5 x42 h99 y211c ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x1f6 y2794 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">258<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2794 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">215<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "<table class=\"s w90 he7\" id=\"_c0cf74ca-b422-4a61-b439-0ddfc7398384\"><tr><td></td><td class=\"c x1f0 y27e2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27e2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27e3 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27e3 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e4 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Costs associated <span class=\"_ _4\"></span>with legal claims <span class=\"ls187\">(Note 29)<span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e4 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e4 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1f5 y27e5 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls183 ws0\">Technology and communications<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e5 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e6 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Staff benefits<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e6 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e6 w20 h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e7 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Audit, tax, l<span class=\"_ _4\"></span>egal and other pro<span class=\"_ _4\"></span>fessional fees<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e7 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e7 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e8 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18b ws0\">Occupancy<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27e8 w20 h9d\"><div class=\"t m1 x24 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e8 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">18<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27e9 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Other <span class=\"ls18e\">cash costs</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27e9 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27e9 w20 h9e\"><div class=\"t m1 x4b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ea w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls183 ws0\">Temporary staff, recruitment, cons<span class=\"_ _4\"></span>ultancy and managed services<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ea w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27ea w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27eb w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls183 ws0\">Travel and entertainment<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27eb w20 h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27eb w20 h9e\"><div class=\"t m1 x4b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27ec w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Marketing a<span class=\"_ _4\"></span>nd sponsorshi<span class=\"_ _4\"></span>p<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ec w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x1f7 y27ec w20 h9d\"><div class=\"t m1 x129 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y27ed w29 h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Insurance<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y27ed w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y27ee w29 h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Acquisition<span class=\"ls0\">-<span class=\"ls18c\">related costs</span> <span class=\"ls187\">(Note 10)</span> </span></div></td><td class=\"c x1f6 y27ee w20 h9e\"><div class=\"t m1 x177 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y27ee w20 h9e\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27ef w29 h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Lease<span class=\"ls0\">-<span class=\"ls18c\">related costs</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27ef w20 h9d\"><div class=\"t m1 x129 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y27ef w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27f0 w29 h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls18b ws0\">Other costs <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated fund <span class=\"ls188\">enti<span class=\"_ _4\"></span>ties (Note 5.2)<span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1f6 y27f0 w20 h9e\"><div class=\"t m1 x177 h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y27f0 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f1 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">O<span class=\"ls1b9\">ther costs before depreciation an<span class=\"_ _0\"></span>d amortisation</span> </div></td><td class=\"c x1f6 y27f1 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls17e ws0\">200<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f1 w20 h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">164<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f2 w29 h9e\"><div class=\"t m1 x0 h9b y1fa4 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets (Note <span class=\"_ _4\"></span><span class=\"ls17e\">8.<span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x1f6 y27f2 w20 h9e\"><div class=\"t m1 x24 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f2 w20 h9e\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f3 w29 h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>leasehold improvement<span class=\"_ _4\"></span>s and equipment<span class=\"ls0\"> <span class=\"ls187\">(</span><span class=\"ls187\">Note </span>1<span class=\"ls199\">7</span><span class=\"ls199\">)</span> </span></div></td><td class=\"c x1f6 y27f3 w20 h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f3 w20 h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f4 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation of <span class=\"_ _4\"></span>software intangibl<span class=\"_ _4\"></span>e assets (Note <span class=\"ls0\">1<span class=\"ls17e\">8</span></span><span class=\"ls0\"><span class=\"ls17e\">)</span> </span></div></td><td class=\"c x1f6 y27f4 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f4 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2794 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Total other costs</div><div class=\"t m5 x42 h99 y211c ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x1f6 y2794 w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">258<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2794 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">215<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "Auditor remunerati<span class=\"_ _4\"></span>on<span class=\"ls0\"> </span><table class=\"s w91 he8\" id=\"_f37acaa9-8ade-44bb-852f-d9037ce0cd52\"><tr><td></td><td class=\"c x1f0 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27f6 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27f6 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f7 w29 h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">Fees payable to the external <span class=\"_ _4\"></span>auditor for the audit of <span class=\"_ _4\"></span>the consolidated financial st<span class=\"_ _4\"></span>atements<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f7 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27f8 w29 h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18b ws0\">Other services:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27f9 w29 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls183 ws0\">The <span class=\"ls18e\">audit of the Company\u2019s subsidiaries<span class=\"_ _4\"></span> pursuant to legislation</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y27f9 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27f9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fa w29 h9e\"><div class=\"t m1 x1bf h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Audit<span class=\"ls0\">-<span class=\"ls18c\">related assurance services</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fa w20 h9e\"><div class=\"t m1 x1bd h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">0.5<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fa w20 h9e\"><div class=\"t m1 x2b h9b y1f35 ff59 fs2e fcb sc0 ls17e ws0\">0.5<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fb w29 h9d\"><div class=\"t m1 x1bf h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">All other serv<span class=\"_ _4\"></span>ices<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fb w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls181 ws0\">0.<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fb w20 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17e ws0\">0.4<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y27fc w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls179 ws0\">Total auditor\u2019s remuneration<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y27fc w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5.<span class=\"ls0\">3</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27fc w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5.1<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls0 ws0 gsbf\">7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span></div><div class=\"gsc0\"><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "7<span class=\"ls1b6\">. Finance inco<span class=\"_ _4\"></span>me<span class=\"ls0\"> <span class=\"ls1ab\">and finance <span class=\"ls1ba\">expense</span></span> </span></span><table class=\"s w92 he9\" id=\"_62667e99-da18-4e1c-8078-bfeef69aa8d0\"><tr><td></td><td class=\"c x1e6 y27fd w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27fd w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y27fe w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y27fe w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y27ff w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Finance <span class=\"ls194\">income</span><span class=\"ls194\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2800 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Interest on cash<span class=\"_ _0\"></span> deposits <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2800 w1f h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y2800 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2801 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other finance i<span class=\"_ _4\"></span>ncome <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2801 w1f h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2801 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2802 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of net i<span class=\"_ _4\"></span>nvestment in fi<span class=\"_ _4\"></span>nance lease disc<span class=\"_ _4\"></span>ount (Note <span class=\"ls17e\">8.<span class=\"ls17c\">1</span></span><span class=\"ls17e\"><span class=\"ls17c\">)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2802 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2802 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y2803 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Total finance <span class=\"ls185\">income</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2803 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2803 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2804 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Finance expense<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2805 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount (Note <span class=\"ls17e\">8.<span class=\"_ _4\"></span><span class=\"ls0\">2</span></span><span class=\"ls17e\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2805 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2805 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2806 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Interest expens<span class=\"_ _0\"></span>e on total return<span class=\"_ _0\"></span> swaps and sale<span class=\"_ _0\"></span> and repurchas<span class=\"_ _0\"></span>e agreement<span class=\"_ _0\"></span>s <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2806 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2806 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2807 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other finance ex<span class=\"_ _4\"></span>pense <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2807 w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2807 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2808 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls183 ws0\">Total finance expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2808 w1f h9e\"><div class=\"t m1 x189 h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(34)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2808 w20 h9e\"><div class=\"t m1 x1bd h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2809 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls189 ws0\">Net finance expen<span class=\"_ _4\"></span>se<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2809 w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(18)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2809 w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group\u2019s lease <span class=\"_ _4\"></span>arrangements primaril<span class=\"_ _4\"></span>y relate to bus<span class=\"_ _4\"></span>iness premises prop<span class=\"_ _4\"></span>erty leases. We act<span class=\"_ _4\"></span> as intermediate <span class=\"_ _4\"></span>lessor in respe<span class=\"_ _4\"></span>ct of<span class=\"ls0\"> <span class=\"ls18e\">certain </span></span></span></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use (ROU) lease assets which are i<span class=\"_ _4\"></span>n turn sub<span class=\"ls0\">-<span class=\"ls185\">let to third parties. W<span class=\"_ _0\"></span>e assess w<span class=\"_ _0\"></span>hether a contra<span class=\"_ _0\"></span>ct is or contains<span class=\"_ _0\"></span> a</span> <span class=\"ls185\">lease a<span class=\"_ _0\"></span>t the </span></span></span></span>inception of the<span class=\"_ _0\"></span> contract. The le<span class=\"_ _0\"></span>ase term is de<span class=\"_ _0\"></span>termined as th<span class=\"_ _0\"></span>e non<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls18e\">cancellable period of a lease,<span class=\"_ _4\"></span> together with periods covered by an </span></span>option to extend the lease i<span class=\"_ _4\"></span>f we consider that exercise of t<span class=\"_ _4\"></span>he extension option is reasonably cer<span class=\"_ _4\"></span>tain and pe<span class=\"ls18c\">riods covered by an option </span>to<span class=\"ls0\"> </span>terminate the lease if the break<span class=\"_ _0\"></span> option is reasonably certain not to be e<span class=\"_ _0\"></span>xercised. Lease extension optio<span class=\"_ _0\"></span>ns and break clauses <span class=\"ls185\">inhe<span class=\"_ _0\"></span>rent </span>in<span class=\"ls0\"> <span class=\"ls183\">our sub</span>-</span>leases do n<span class=\"_ _0\"></span>ot have a sign<span class=\"_ _0\"></span>ificant impact. <span class=\"_ _0\"></span><span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>Operating leases<span class=\"ls0\"> </span>Sub<span class=\"ls0\">-<span class=\"ls185\">leases whic<span class=\"_ _0\"></span>h do not mee<span class=\"_ _0\"></span>t the definition o<span class=\"_ _0\"></span>f a finance leas<span class=\"_ _0\"></span>e are classified a<span class=\"_ _0\"></span>s operating lea<span class=\"_ _0\"></span>ses. Sub<span class=\"_ _0\"></span></span>-<span class=\"ls185\">lease renta<span class=\"_ _0\"></span>l income is reco<span class=\"_ _0\"></span>gnised </span></span>on a strai<span class=\"ls184\">ght<span class=\"ls0\">-<span class=\"ls185\">line basis over the lea<span class=\"_ _0\"></span>se term in the c<span class=\"_ _0\"></span>onsolidated in<span class=\"_ _0\"></span>come statem<span class=\"_ _0\"></span>ent.</span> </span></span>An impairment expense <span class=\"_ _4\"></span>is recognised for<span class=\"_ _4\"></span> the amount by which <span class=\"_ _4\"></span>the related ROU lea<span class=\"_ _4\"></span>se asset\u2019s carryi<span class=\"_ _4\"></span>ng value exceeds it<span class=\"_ _4\"></span>s recovera<span class=\"ls17f\">ble </span>amount, being its value in use. For<span class=\"_ _4\"></span> the purposes of as<span class=\"ls199\">sessing impairment, investment property ROU lease assets are grouped at the </span>lowest levels fo<span class=\"_ _0\"></span>r which there a<span class=\"_ _0\"></span>re separately id<span class=\"_ _0\"></span>entifiable cash<span class=\"_ _0\"></span> flows, being th<span class=\"_ _0\"></span>e individual su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> contract level.<span class=\"_ _0\"></span><span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>For arrangements where we are the <span class=\"ls185\">lessee, a ROU lease asset a<span class=\"_ _0\"></span>nd a related lea<span class=\"_ _0\"></span>se liability are reco<span class=\"_ _0\"></span>gnised on th<span class=\"_ _0\"></span>e consolidated<span class=\"_ _0\"></span> balance </span>sheet at the date from which we have the right to use the asset, usually the lease commencement date. For short<span class=\"ls0\">-<span class=\"ls186\">term leases (defined </span></span>as leases with a term of<span class=\"ls0\"> <span class=\"ls183\">one year or <span class=\"_ _4\"></span>less) and leases of low<span class=\"ls0\">-<span class=\"ls18e\">value assets, <span class=\"_ _4\"></span>we recognise the lease payments on a straight<span class=\"ls0\">-<span class=\"ls1bb\">line basis over </span></span></span></span></span></span>the lease term within other costs in the<span class=\"_ _0\"></span> consolidated income statem<span class=\"_ _0\"></span>ent. The exercise of break claus<span class=\"_ _0\"></span>es inherent in our leases <span class=\"ls18e\">are typically </span>not <span class=\"ls18c\">reflected in the lease term other than on<span class=\"_ _0\"></span> the occurrence of a significant e<span class=\"_ _0\"></span>vent or change in circumsta<span class=\"_ _0\"></span>nces.<span class=\"ls0\"> </span></span>ROU lease assets r<span class=\"_ _4\"></span>elating to the p<span class=\"_ _4\"></span>ortion of our lea<span class=\"_ _4\"></span>sed business premises <span class=\"_ _4\"></span>which we then sub<span class=\"ls0\">-<span class=\"ls185\">let under opera<span class=\"_ _0\"></span>ting leases are<span class=\"_ _0\"></span> classified </span></span>as<span class=\"ls0\"> <span class=\"ls185\">investment p<span class=\"_ _0\"></span><span class=\"ls18c\">roperty, with other ROU leas<span class=\"_ _0\"></span>e assets classified as leasehold prope<span class=\"_ _0\"></span>rty. Transfers from investmen<span class=\"_ _0\"></span>t property to leasehold </span></span></span>property occur when we commence development of a <span class=\"_ _4\"></span>previously sub<span class=\"ls0\">-<span class=\"ls185\">let portion of our leased<span class=\"_ _0\"></span> business pr<span class=\"_ _0\"></span>emises with a<span class=\"_ _0\"></span> view to </span></span>occupying that<span class=\"ls0\"> <span class=\"ls199\">space. Similarly, transfers from leasehold property to investment property occur when we cease to occupy a portion </span></span>of<span class=\"ls0\"> <span class=\"ls186\">the leased business premises<span class=\"_ _0\"></span> with the intention of sub</span>-<span class=\"ls185\">let<span class=\"_ _0\"></span>ting that space<span class=\"_ _0\"></span> under an op<span class=\"_ _0\"></span>erating lease. In<span class=\"_ _0\"></span>vestment pro<span class=\"_ _0\"></span>perty ROU lea<span class=\"_ _0\"></span>se </span></span>assets are derecognised when the associated space <span class=\"_ _4\"></span>is sub<span class=\"ls0\">-<span class=\"ls185\">let under a fin<span class=\"_ _0\"></span>ance lease, w<span class=\"_ _0\"></span>ith a finance le<span class=\"_ _0\"></span>ase receivable<span class=\"_ _0\"></span> recognised in<span class=\"_ _0\"></span> the </span></span>consolidated balance sheet on lease commencement.<span class=\"ls0\"> </span>All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span>Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span>commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span>costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span>shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span>other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span>be recoverable.<span class=\"ls0\"> </span>All lease li<span class=\"_ _4\"></span>abilities are <span class=\"_ _4\"></span>measured at the present<span class=\"_ _4\"></span> value of lease <span class=\"_ _4\"></span>payments due over the <span class=\"_ _4\"></span>lease term, discount<span class=\"_ _4\"></span>ed using our incr<span class=\"_ _4\"></span>e<span class=\"ls19b\">mental cos<span class=\"_ _4\"></span>t </span>of borrowing (bei<span class=\"ls197\">ng the rat<span class=\"_ _4\"></span>e we would have to pay to fi<span class=\"_ _4\"></span>nance a similar asset) <span class=\"_ _4\"></span>at the lease commencement date or <span class=\"_ _4\"></span>the modification date. </span>The lease liability i<span class=\"_ _4\"></span>s adjusted for lease payments and unwind <span class=\"_ _4\"></span>of lease liability discount <span class=\"_ _4\"></span>as well as the impact of any subseq<span class=\"ls184\">uent<span class=\"_ _4\"></span> lease </span>mo<span class=\"ls17f\">difications. The unwind <span class=\"_ _4\"></span>of lease liability <span class=\"_ _4\"></span>discount is included withi<span class=\"_ _4\"></span>n finance expense.<span class=\"ls0\"> </span></span>Cash payments in r<span class=\"_ _4\"></span>elation to leases<span class=\"_ _4\"></span>, which reduce the <span class=\"_ _4\"></span>lease liabilit<span class=\"_ _4\"></span>y recognised on the <span class=\"_ _4\"></span>consolidated balance <span class=\"_ _4\"></span>sheet, are prese<span class=\"ls197\">nted as </span>payment of lease interest <span class=\"_ _4\"></span>(within operating activi<span class=\"_ _4\"></span>ties) and repayments of pri<span class=\"_ _4\"></span>ncipal lease liabil<span class=\"_ _4\"></span>ity (within financing <span class=\"_ _4\"></span>activities) in the consolidated cash flow statement. Payments in <span class=\"_ _4\"></span>relation to short<span class=\"ls0\">-<span class=\"ls186\">term leases and leases of low</span>-</span>value assets are included within cash flows from operating a<span class=\"ls18e\">ctivities.</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group\u2019s lease <span class=\"_ _4\"></span>arrangements primaril<span class=\"_ _4\"></span>y relate to bus<span class=\"_ _4\"></span>iness premises prop<span class=\"_ _4\"></span>erty leases. We act<span class=\"_ _4\"></span> as intermediate <span class=\"_ _4\"></span>lessor in respe<span class=\"_ _4\"></span>ct of<span class=\"ls0\"> <span class=\"ls18e\">certain </span></span></span></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use (ROU) lease assets which are i<span class=\"_ _4\"></span>n turn sub<span class=\"ls0\">-<span class=\"ls185\">let to third parties. W<span class=\"_ _0\"></span>e assess w<span class=\"_ _0\"></span>hether a contra<span class=\"_ _0\"></span>ct is or contains<span class=\"_ _0\"></span> a</span> <span class=\"ls185\">lease a<span class=\"_ _0\"></span>t the </span></span></span></span>inception of the<span class=\"_ _0\"></span> contract. The le<span class=\"_ _0\"></span>ase term is de<span class=\"_ _0\"></span>termined as th<span class=\"_ _0\"></span>e non<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls18e\">cancellable period of a lease,<span class=\"_ _4\"></span> together with periods covered by an </span></span>option to extend the lease i<span class=\"_ _4\"></span>f we consider that exercise of t<span class=\"_ _4\"></span>he extension option is reasonably cer<span class=\"_ _4\"></span>tain and pe<span class=\"ls18c\">riods covered by an option </span>to<span class=\"ls0\"> </span>terminate the lease if the break<span class=\"_ _0\"></span> option is reasonably certain not to be e<span class=\"_ _0\"></span>xercised. Lease extension optio<span class=\"_ _0\"></span>ns and break clauses <span class=\"ls185\">inhe<span class=\"_ _0\"></span>rent </span>in<span class=\"ls0\"> <span class=\"ls183\">our sub</span>-</span>leases do n<span class=\"_ _0\"></span>ot have a sign<span class=\"_ _0\"></span>ificant impact. <span class=\"_ _0\"></span><span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>Operating leases<span class=\"ls0\"> </span>Sub<span class=\"ls0\">-<span class=\"ls185\">leases whic<span class=\"_ _0\"></span>h do not mee<span class=\"_ _0\"></span>t the definition o<span class=\"_ _0\"></span>f a finance leas<span class=\"_ _0\"></span>e are classified a<span class=\"_ _0\"></span>s operating lea<span class=\"_ _0\"></span>ses. Sub<span class=\"_ _0\"></span></span>-<span class=\"ls185\">lease renta<span class=\"_ _0\"></span>l income is reco<span class=\"_ _0\"></span>gnised </span></span>on a strai<span class=\"ls184\">ght<span class=\"ls0\">-<span class=\"ls185\">line basis over the lea<span class=\"_ _0\"></span>se term in the c<span class=\"_ _0\"></span>onsolidated in<span class=\"_ _0\"></span>come statem<span class=\"_ _0\"></span>ent.</span> </span></span>An impairment expense <span class=\"_ _4\"></span>is recognised for<span class=\"_ _4\"></span> the amount by which <span class=\"_ _4\"></span>the related ROU lea<span class=\"_ _4\"></span>se asset\u2019s carryi<span class=\"_ _4\"></span>ng value exceeds it<span class=\"_ _4\"></span>s recovera<span class=\"ls17f\">ble </span>amount, being its value in use. For<span class=\"_ _4\"></span> the purposes of as<span class=\"ls199\">sessing impairment, investment property ROU lease assets are grouped at the </span>lowest levels fo<span class=\"_ _0\"></span>r which there a<span class=\"_ _0\"></span>re separately id<span class=\"_ _0\"></span>entifiable cash<span class=\"_ _0\"></span> flows, being th<span class=\"_ _0\"></span>e individual su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> contract level.<span class=\"_ _0\"></span><span class=\"ls0\"> </span>All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span>Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span>commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span>costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span>shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span>other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span>be recoverable.<span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>Goodwill<span class=\"ls0\"> </span>Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span>fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span>sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span>annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span>recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span>Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span>of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span>goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span>The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span>from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span>calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span>The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span>have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span>performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span>with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span>manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span>of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span>management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span>available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span>Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span>Intangible asset<span class=\"_ _0\"></span>s acquired in a bu<span class=\"_ _0\"></span>siness combin<span class=\"_ _0\"></span>ation and reco<span class=\"_ _0\"></span>gnised separa<span class=\"_ _0\"></span>tely from goodw<span class=\"_ _0\"></span>ill are initially mea<span class=\"_ _0\"></span>sured at their <span class=\"ls186\">fair va<span class=\"_ _0\"></span>lue at </span>the acquisition date. Following initial recog<span class=\"_ _0\"></span>nition, acquired intangibles a<span class=\"ls18c\">re held at co<span class=\"_ _0\"></span>st less accumulated amortisa<span class=\"_ _0\"></span>tion and impairment. </span>Acquired intangib<span class=\"_ _4\"></span>les comprise invest<span class=\"_ _4\"></span>ment management agreements and <span class=\"_ _4\"></span>related client r<span class=\"_ _4\"></span>elationships (I<span class=\"_ _4\"></span>MAs), distributio<span class=\"_ _4\"></span>n channels<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>brand names and are initial<span class=\"_ _4\"></span>ly recognised at fair value <span class=\"_ _4\"></span>based on <span class=\"ls186\">the present value of the expected future<span class=\"_ _0\"></span> cash flows and are amortised </span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over th<span class=\"_ _0\"></span>eir expected u<span class=\"_ _0\"></span>seful lives, whic<span class=\"_ _0\"></span>h are betwee<span class=\"_ _0\"></span>n seven and<span class=\"_ _0\"></span> 15 years (IMAs<span class=\"_ _0\"></span> and brands)<span class=\"_ _0\"></span>, and eight and<span class=\"_ _0\"></span> 12 years </span></span>(distribution channels). Acq<span class=\"_ _0\"></span>uired <span class=\"ls185\">intangible<span class=\"_ _0\"></span>s are reviewed<span class=\"_ _0\"></span> for impairme<span class=\"_ _0\"></span>nt whenever<span class=\"_ _0\"></span> events or chan<span class=\"_ _0\"></span>ges in circum<span class=\"_ _0\"></span>stances ind<span class=\"_ _0\"></span>icate that </span>the<span class=\"ls0\"> <span class=\"ls18e\">carrying amount may not be recoverable. Disposals of <span class=\"_ _4\"></span>acquired intangibles are recognised in t<span class=\"_ _4\"></span>he year the related cash inflows<span class=\"ls0\"> </span></span></span>are<span class=\"ls0\"> <span class=\"ls186\">transferred.</span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group\u2019s lease <span class=\"_ _4\"></span>arrangements primaril<span class=\"_ _4\"></span>y relate to bus<span class=\"_ _4\"></span>iness premises prop<span class=\"_ _4\"></span>erty leases. We act<span class=\"_ _4\"></span> as intermediate <span class=\"_ _4\"></span>lessor in respe<span class=\"_ _4\"></span>ct of<span class=\"ls0\"> <span class=\"ls18e\">certain </span></span></span></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use (ROU) lease assets which are i<span class=\"_ _4\"></span>n turn sub<span class=\"ls0\">-<span class=\"ls185\">let to third parties. W<span class=\"_ _0\"></span>e assess w<span class=\"_ _0\"></span>hether a contra<span class=\"_ _0\"></span>ct is or contains<span class=\"_ _0\"></span> a</span> <span class=\"ls185\">lease a<span class=\"_ _0\"></span>t the </span></span></span></span>inception of the<span class=\"_ _0\"></span> contract. The le<span class=\"_ _0\"></span>ase term is de<span class=\"_ _0\"></span>termined as th<span class=\"_ _0\"></span>e non<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls18e\">cancellable period of a lease,<span class=\"_ _4\"></span> together with periods covered by an </span></span>option to extend the lease i<span class=\"_ _4\"></span>f we consider that exercise of t<span class=\"_ _4\"></span>he extension option is reasonably cer<span class=\"_ _4\"></span>tain and pe<span class=\"ls18c\">riods covered by an option </span>to<span class=\"ls0\"> </span>terminate the lease if the break<span class=\"_ _0\"></span> option is reasonably certain not to be e<span class=\"_ _0\"></span>xercised. Lease extension optio<span class=\"_ _0\"></span>ns and break clauses <span class=\"ls185\">inhe<span class=\"_ _0\"></span>rent </span>in<span class=\"ls0\"> <span class=\"ls183\">our sub</span>-</span>leases do n<span class=\"_ _0\"></span>ot have a sign<span class=\"_ _0\"></span>ificant impact. <span class=\"_ _0\"></span><span class=\"ls0\"> </span>Finance leases<span class=\"ls0\"> </span>Whenever th<span class=\"_ _4\"></span>e terms of <span class=\"_ _4\"></span>a <span class=\"ls199\">sub<span class=\"ls0\">-<span class=\"ls185\">lease transfe<span class=\"_ _0\"></span>r substantially<span class=\"_ _0\"></span> all risks and rew<span class=\"_ _0\"></span>ards of owne<span class=\"_ _0\"></span>rship of the un<span class=\"_ _0\"></span>derlying ROU<span class=\"_ _0\"></span> lease asset to<span class=\"_ _0\"></span> the </span></span></span>lessee, we clas<span class=\"_ _0\"></span>sify the contrac<span class=\"_ _0\"></span>t as a finance le<span class=\"_ _0\"></span>ase. This is typic<span class=\"_ _0\"></span>ally when the<span class=\"_ _0\"></span> end of the su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> term aligns w<span class=\"_ _0\"></span>ith the end of o<span class=\"_ _0\"></span>ur head lease, wi<span class=\"ls186\">th no break op<span class=\"_ _0\"></span>tion. Amounts due from lesse<span class=\"_ _0\"></span>es under finance leases are reco<span class=\"_ _0\"></span>gnised as receivables at the am<span class=\"_ _0\"></span>ount of the net </span>investment in<span class=\"_ _0\"></span> the lease. The n<span class=\"_ _0\"></span>et investmen<span class=\"_ _0\"></span>t in the lease is m<span class=\"_ _0\"></span>easured at<span class=\"_ _0\"></span> the present va<span class=\"_ _0\"></span>lue of the lease<span class=\"_ _0\"></span> payments re<span class=\"_ _0\"></span>ceivable ov<span class=\"_ _0\"></span><span class=\"ls188\">er the </span>lea<span class=\"ls199\">se term and any upfront incremental costs of obtaining the lease, discounted using our incremental cost of borrowing under th<span class=\"ls188\">e <span class=\"_ _4\"></span>head </span></span>lease. The net in<span class=\"_ _0\"></span>vestment in t<span class=\"_ _0\"></span>he lease is adju<span class=\"_ _0\"></span>sted for lease p<span class=\"_ _0\"></span>ayments an<span class=\"_ _0\"></span>d finance leas<span class=\"_ _0\"></span>e interest as<span class=\"_ _0\"></span><span class=\"ls0\"> <span class=\"ls17a\">well as the <span class=\"_ _4\"></span>impact of a<span class=\"_ _4\"></span>n<span class=\"ls18e\">y subsequent </span></span></span>lease modifica<span class=\"_ _0\"></span>tions. Finance<span class=\"_ _0\"></span> lease interest is<span class=\"_ _0\"></span> included with<span class=\"_ _0\"></span>in finance inco<span class=\"_ _0\"></span>me.<span class=\"ls0\"> </span>Operating leases<span class=\"ls0\"> </span>Sub<span class=\"ls0\">-<span class=\"ls185\">leases whic<span class=\"_ _0\"></span>h do not mee<span class=\"_ _0\"></span>t the definition o<span class=\"_ _0\"></span>f a finance leas<span class=\"_ _0\"></span>e are classified a<span class=\"_ _0\"></span>s operating lea<span class=\"_ _0\"></span>ses. Sub<span class=\"_ _0\"></span></span>-<span class=\"ls185\">lease renta<span class=\"_ _0\"></span>l income is reco<span class=\"_ _0\"></span>gnised </span></span>on a strai<span class=\"ls184\">ght<span class=\"ls0\">-<span class=\"ls185\">line basis over the lea<span class=\"_ _0\"></span>se term in the c<span class=\"_ _0\"></span>onsolidated in<span class=\"_ _0\"></span>come statem<span class=\"_ _0\"></span>ent.</span> </span></span>An impairment expense <span class=\"_ _4\"></span>is recognised for<span class=\"_ _4\"></span> the amount by which <span class=\"_ _4\"></span>the related ROU lea<span class=\"_ _4\"></span>se asset\u2019s carryi<span class=\"_ _4\"></span>ng value exceeds it<span class=\"_ _4\"></span>s recovera<span class=\"ls17f\">ble </span>amount, being its value in use. For<span class=\"_ _4\"></span> the purposes of as<span class=\"ls199\">sessing impairment, investment property ROU lease assets are grouped at the </span>lowest levels fo<span class=\"_ _0\"></span>r which there a<span class=\"_ _0\"></span>re separately id<span class=\"_ _0\"></span>entifiable cash<span class=\"_ _0\"></span> flows, being th<span class=\"_ _0\"></span>e individual su<span class=\"_ _0\"></span>b<span class=\"ls0\">-</span>lease<span class=\"_ _0\"></span> contract level.<span class=\"_ _0\"></span><span class=\"ls0\"> </span>All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span>Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span>commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span>costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span>shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span>other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span>be recoverable.<span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>Goodwill<span class=\"ls0\"> </span>Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span>fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span>sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span>annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span>recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span>Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span>of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span>goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span>The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span>from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span>calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span>The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span>have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span>performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span>with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span>manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span>of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span>management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span>available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span>Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span>Intangible asset<span class=\"_ _0\"></span>s acquired in a bu<span class=\"_ _0\"></span>siness combin<span class=\"_ _0\"></span>ation and reco<span class=\"_ _0\"></span>gnised separa<span class=\"_ _0\"></span>tely from goodw<span class=\"_ _0\"></span>ill are initially mea<span class=\"_ _0\"></span>sured at their <span class=\"ls186\">fair va<span class=\"_ _0\"></span>lue at </span>the acquisition date. Following initial recog<span class=\"_ _0\"></span>nition, acquired intangibles a<span class=\"ls18c\">re held at co<span class=\"_ _0\"></span>st less accumulated amortisa<span class=\"_ _0\"></span>tion and impairment. </span>Acquired intangib<span class=\"_ _4\"></span>les comprise invest<span class=\"_ _4\"></span>ment management agreements and <span class=\"_ _4\"></span>related client r<span class=\"_ _4\"></span>elationships (I<span class=\"_ _4\"></span>MAs), distributio<span class=\"_ _4\"></span>n channels<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>brand names and are initial<span class=\"_ _4\"></span>ly recognised at fair value <span class=\"_ _4\"></span>based on <span class=\"ls186\">the present value of the expected future<span class=\"_ _0\"></span> cash flows and are amortised </span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over th<span class=\"_ _0\"></span>eir expected u<span class=\"_ _0\"></span>seful lives, whic<span class=\"_ _0\"></span>h are betwee<span class=\"_ _0\"></span>n seven and<span class=\"_ _0\"></span> 15 years (IMAs<span class=\"_ _0\"></span> and brands)<span class=\"_ _0\"></span>, and eight and<span class=\"_ _0\"></span> 12 years </span></span>(distribution channels). Acq<span class=\"_ _0\"></span>uired <span class=\"ls185\">intangible<span class=\"_ _0\"></span>s are reviewed<span class=\"_ _0\"></span> for impairme<span class=\"_ _0\"></span>nt whenever<span class=\"_ _0\"></span> events or chan<span class=\"_ _0\"></span>ges in circum<span class=\"_ _0\"></span>stances ind<span class=\"_ _0\"></span>icate that </span>the<span class=\"ls0\"> <span class=\"ls18e\">carrying amount may not be recoverable. Disposals of <span class=\"_ _4\"></span>acquired intangibles are recognised in t<span class=\"_ _4\"></span>he year the related cash inflows<span class=\"ls0\"> </span></span></span>are<span class=\"ls0\"> <span class=\"ls186\">transferred.</span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsc4\">The contractual undiscounted lease payments <span class=\"_ _4\"></span>receivable under o<span class=\"ls184\">perating and fi<span class=\"_ _4\"></span>nance leases were as follows:<span class=\"ls0\"> </span></span></div><div class=\"gsc5\"><table class=\"s w93 hea\" id=\"_70196029-8e03-4e4e-a354-2e398d52075b\"><tr><td></td><td class=\"c x215 y280a w2c hae\"><div class=\"t m1 x177 h42 y20fc ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x216 y280a w2c hae\"><div class=\"t m1 x177 h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x217 y280b w94 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Operating<span class=\"_ _1bd\"> </span></div></td><td class=\"c x218 y280b w95 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Finance<span class=\"_ _1bd\"> </span></div></td><td class=\"c x219 y280b w96 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Operating<span class=\"_ _1bd\"> </span></div></td><td class=\"c x21a y280b w97 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Finance<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y280c w2d ha9\"><div class=\"t m1 x1b8 h42 y2149 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x21b y280d w98 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">leases<span class=\"_ _1bd\"> </span></div></td><td class=\"c x21c y280d w99 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">leases<span class=\"_ _1bd\"> </span></div></td><td class=\"c x21d y280d w9a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">leases<span class=\"_ _1bd\"> </span></div></td><td class=\"c x21e y280d w9a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">leases<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y280e w2d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls19f ws0\">Within one<span class=\"_ _4\"></span> year<span class=\"ls0\"> </span></div></td><td class=\"c x215 y280e w1f h9e\"><div class=\"t m1 x129 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x21f y280e w1f h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x216 y280e w1f h9e\"><div class=\"t m1 x1cb h9b y1fa4 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x220 y280e w1f h9e\"><div class=\"t m1 x129 h9b y1fa4 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y280f w2d h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls181 ws0\">Between one and two y<span class=\"_ _4\"></span>ears<span class=\"ls0\"> </span></div></td><td class=\"c x215 y280f w1f h9d\"><div class=\"t m1 x1cb h9b y1f3b ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x21f y280f w1f h9d\"><div class=\"t m1 x3 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x216 y280f w1f h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y280f w1f h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y2810 w2d h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Between two and thre<span class=\"_ _4\"></span>e years<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2810 w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x21f y2810 w1f h9d\"><div class=\"t m1 x4b h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x216 y2810 w1f h9d\"><div class=\"t m1 x1cb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x220 y2810 w1f h9d\"><div class=\"t m1 x4b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2811 w2d h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Between three and <span class=\"ls186\">four years</span><span class=\"ls186\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x215 y2811 w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x21f y2811 w1f h9e\"><div class=\"t m1 x4b h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x216 y2811 w1f h9e\"><div class=\"t m1 x1cb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x220 y2811 w1f h9e\"><div class=\"t m1 x177 h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2812 w2d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">Between four and f<span class=\"_ _4\"></span>ive years<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2812 w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x21f y2812 w1f h9d\"><div class=\"t m1 x4b h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x216 y2812 w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y2812 w1f h9d\"><div class=\"t m1 x177 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2813 w2d h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls181 ws0\">Between five and t<span class=\"_ _4\"></span>en years <span class=\"ls0\"> </span></div></td><td class=\"c x215 y2813 w1f h9e\"><div class=\"t m1 x129 h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x21f y2813 w1f h9e\"><div class=\"t m1 x1bb h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">54<span class=\"ls0\"> </span></div></td><td class=\"c x216 y2813 w1f h9e\"><div class=\"t m1 x129 h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y2813 w1f h9e\"><div class=\"t m1 x24 h9b y1f71 ff59 fs2e fcb sc0 ls17f ws0\">54<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2814 w2d h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls181 ws0\">Between ten and 15 <span class=\"_ _4\"></span>years<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2814 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x21f y2814 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y2814 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y2814 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td></tr><tr><td></td><td class=\"c x215 y2815 w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x21f y2815 w1f h9d\"><div class=\"t m1 x1bd h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y2815 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x220 y2815 w1f h9d\"><div class=\"t m1 x2b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gsc6\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the contractual undisco<span class=\"_ _0\"></span>unted minim<span class=\"_ _0\"></span>um finance<span class=\"_ _0\"></span> lease payme<span class=\"_ _0\"></span>nts receivable c<span class=\"_ _0\"></span>an be <span class=\"ls18c\">reconciled to the net in<span class=\"_ _0\"></span>vestment </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gsc7\">in<span class=\"ls0\"> <span class=\"ls186\">finance lease as follows:</span> </span></div><div class=\"gsc8\"><table class=\"s w9b heb\" id=\"_ebf6ea7e-99e5-4f8e-bdc8-8b892bc78908\"><tr><td></td><td class=\"c x1e6 y2816 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2816 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2817 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2817 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2818 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f79 ff59 fs2e fcb sc0 ls193 ws0\">Undiscounted lea<span class=\"_ _4\"></span>se payments<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2818 w1f h9e\"><div class=\"t m1 x1bd h9b y1f79 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2818 w20 h9e\"><div class=\"t m1 x1bd h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2819 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff59 fs2e fcb sc0 ls188 ws0\">Less: unearned finance income<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2819 w1f h9d\"><div class=\"t m1 x189 h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">(23) </div></td><td class=\"c x1ed y2819 w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(26)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y281a w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff5b fs2e fcb sc0 ls189 ws0\">Net investment i<span class=\"_ _4\"></span>n finance lease<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y281a w1f h9e\"><div class=\"t m1 x1bb h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y281a w20 h9e\"><div class=\"t m1 x4b h9b y1f2e ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gsca\">Movements in <span class=\"_ _4\"></span>the net inv<span class=\"_ _4\"></span>estment in f<span class=\"_ _4\"></span>inance leas<span class=\"_ _4\"></span>e are as fo<span class=\"_ _4\"></span>llows:<span class=\"ls0\"> </span></div><div class=\"gscb\"><table class=\"s w9c hec\" id=\"_1a9e9ee9-e3fe-4d12-892d-a7758fc25c89\"><tr><td></td><td class=\"c x221 y281b w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x222 y281b w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x223 y281c w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x224 y281c w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y281d w2f h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x225 y281d w30 h9d\"><div class=\"t m1 x3 h9b y1f3f ff5b fs2e fcb sc0 ls188 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x226 y281d w30 h9d\"><div class=\"t m1 x3 h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">67<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y281e w2f h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x225 y281e w30 h9e\"><div class=\"t m1 x1cb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y281e w30 h9e\"><div class=\"t m1 x1cb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td></tr><tr><td class=\"c x1f5 y281f w2f h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18a ws0\">Cash receipts <span class=\"ls0\"> </span></div></td><td class=\"c x225 y281f w30 h9d\"><div class=\"t m1 x3 h9b y1f73 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y281f w30 h9d\"><div class=\"t m1 x1cb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2820 w2f h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">Unwind of financ<span class=\"_ _4\"></span>e lease discount<span class=\"_ _4\"></span><span class=\"ls0\">  </span></div></td><td class=\"c x225 y2820 w30 h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x226 y2820 w30 h9d\"><div class=\"t m1 x1cb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y2821 w2f h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">Foreign exchange movements<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2821 w30 h9e\"><div class=\"t m1 x129 h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x226 y2821 w30 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2822 w2f h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls193 ws0\">At <span class=\"ls17f\">end of the year</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x225 y2822 w30 h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2822 w30 h9d\"><div class=\"t m1 x177 h9b y1f77 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18d ws0 gscc\">Fair value of investment pr<span class=\"_ _4\"></span>operty <span class=\"ls0\"> </span></div><div class=\"gscd\"><table class=\"s w9d hed\" id=\"_35329778-f0c8-445b-a471-ce19fb844dbf\"><tr><td></td><td class=\"c x227 y2823 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x228 y2823 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x223 y2824 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x229 y2824 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2825 w2b h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls18f ws0\">Value in use<span class=\"ls0\"> </span></div></td><td class=\"c x211 y2825 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x212 y2825 w1f h9d\"><div class=\"t m1 x3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2826 w2b h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27d8 w2b h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Carrying value <span class=\"ls0\"> </span></div></td><td class=\"c x211 y27d8 w1f h9e\"><div class=\"t m1 x2b h9b y1f63 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x212 y27d8 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff59 fs2e fcb sc0 ls187 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2827 w2b h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls189 ws0\">Headroom<span class=\"ls0\"> </span></div></td><td class=\"c x211 y2827 w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x212 y2827 w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls179 ws0 gsce\">Sub<span class=\"ls0\">-<span class=\"ls185\">lease rental in<span class=\"_ _0\"></span>come from o<span class=\"_ _0\"></span>perating lease<span class=\"_ _0\"></span>s was <span class=\"ls197\">$2 <span class=\"ls19b\">million in<span class=\"_ _4\"></span> 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $</span>2 </span>million). Op<span class=\"_ _4\"></span>erating e<span class=\"_ _4\"></span>xpenses of<span class=\"_ _4\"></span> <span class=\"ls197\">$nil <span class=\"ls187\">(202<span class=\"ls0\">4<span class=\"ls190\">: $</span>1 </span></span></span>million) <span class=\"_ _4\"></span>arising </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs71\">from investment property tha<span class=\"_ _0\"></span>t did not generate rental income<span class=\"_ _0\"></span> during the period are included within<span class=\"_ _0\"></span> other costs.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18f ws0 gsd2\">Right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets</span> </span></div><div class=\"gs9a\"><table class=\"s w92 hee\" id=\"_e5f359bf-7201-4983-8268-bae5efb5f616\"><tr><td></td><td></td><td class=\"c x22a y2828 w32 hae\"><div class=\"t m1 x10a h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x22b y2828 w33 hae\"><div class=\"t m1 x28 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x22c y2829 w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22d y2829 w9f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x22e y2829 wa0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22f y2829 wa1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y282a w31 h9c\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x230 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x231 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x232 y282a w20 h9c\"><div class=\"t m1 x16f h42 y209b ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x233 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x234 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ed y282a w20 h9c\"><div class=\"t m1 x189 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y282c w31 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282c w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17d ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x232 y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">239<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282c w20 h9d\"><div class=\"t m1 x2b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">199<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282c w1f h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">300<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y282d w31 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x22a y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y282d w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y282e w31 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282e w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">17 </div></td><td class=\"c x235 y282e w20 h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x232 y282e w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ec y282e w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y282f w31 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282f w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282f w20 h9e\"><div class=\"t m1 x4b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282f w1f h9e\"><div class=\"t m1 x2b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(50)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(52)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2830 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurement on modificat<span class=\"_ _4\"></span>ion<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x235 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y2830 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2830 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2830 w20 h9d\"><div class=\"t m1 x2b h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2831 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">210<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2831 w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y2831 w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2831 w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2831 w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">239<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2832 wa4 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2833 wa5 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2834 w20 ha2\"><div class=\"t m1 x4 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(136)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2834 w20 ha2\"><div class=\"t m1 x2b h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(87)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2834 w1f ha2\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(84)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2834 w20 ha2\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(171)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2835 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ec y2835 w1f h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2835 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2836 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2836 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2836 w1f h9d\"><div class=\"t m1 x3 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2837 wa6 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2838 wa7 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls197 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2839 w20 ha2\"><div class=\"t m1 x4 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(102)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2839 w20 ha2\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(141)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2839 w20 ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2839 w1f ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(136)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283a w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x235 y283a w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283a w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x22b y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283a w1f h9d\"><div class=\"t m1 x3 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283a w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">129<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283b w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283b w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\">8</span><span class=\"ls0\"> </span></div></td><td class=\"c x235 y283b w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\">1</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y283b w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283b w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls188 ws0 gsd3\">Lease liability<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsd4\">The <span class=\"ls19b\">maturit<span class=\"_ _4\"></span>y of our <span class=\"_ _4\"></span>contractu<span class=\"_ _4\"></span>al undisc<span class=\"_ _4\"></span>ounted cas<span class=\"_ _4\"></span>h flows f<span class=\"_ _4\"></span>or the l<span class=\"_ _4\"></span>ease lia<span class=\"_ _4\"></span>bility <span class=\"_ _4\"></span>is as f<span class=\"_ _4\"></span>ollows:<span class=\"ls0\"> </span></span></div><div class=\"gsd5\"><table class=\"s wa8 hef\" id=\"_e07d10f5-4306-4edc-95b9-9c38f7a38784\"><tr><td></td><td class=\"c x1e6 y283c w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y283c w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y283d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y283d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y283e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f79 ff59 fs2e fcb sc0 ls19f ws0\">Within one<span class=\"_ _4\"></span> year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283e w1f h9e\"><div class=\"t m1 x1bb h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283e w20 h9e\"><div class=\"t m1 x4b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">Between one and fiv<span class=\"_ _4\"></span>e years<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283f w1f h9d\"><div class=\"t m1 x189 h9b y1f26 ff5b fs2e fcb sc0 ls17b ws0\">139<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283f w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2840 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f7c ff59 fs2e fcb sc0 ls181 ws0\">Between five and t<span class=\"_ _4\"></span>en years<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2840 w1f h9d\"><div class=\"t m1 x189 h9b y1f7c ff5b fs2e fcb sc0 ls17b ws0\">140<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2840 w20 h9d\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">138<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2841 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Between ten and 15 <span class=\"_ _4\"></span>years<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2841 w1f h9e\"><div class=\"t m1 xeb h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x1ed y2841 w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2842 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls1bc ws0\">Undiscounted leas<span class=\"_ _4\"></span>e liability <span class=\"_ _4\"></span>at end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2842 w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">326<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2842 w20 h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">305<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2843 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Discounted lease <span class=\"_ _4\"></span>liability a<span class=\"_ _4\"></span>t end of the year<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2843 w1f h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">271<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2843 w20 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">248<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gsd6\">Of the total <span class=\"_ _4\"></span>discounted lease l<span class=\"_ _4\"></span>iability at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls183\">of <span class=\"ls197\">$271 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">248</span></span> </span>million), <span class=\"_ _4\"></span><span class=\"ls197\">$27 <span class=\"ls19b\">millio<span class=\"_ _4\"></span>n (202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17c\">10</span></span> </span>millio<span class=\"_ _4\"></span>n) is ex<span class=\"_ _4\"></span>pected </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gsd7\">to<span class=\"ls0\"> <span class=\"ls17f\">be settled within 12 months.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gsd8\">Movements in <span class=\"_ _4\"></span>the lease l<span class=\"_ _4\"></span>iability<span class=\"_ _4\"></span> are as fo<span class=\"_ _4\"></span>llows:<span class=\"ls0\"> </span></div><div class=\"gsd9\"><table class=\"s w6f hf0\" id=\"_f676d746-79ec-4507-8242-85aa27031233\"><tr><td></td><td class=\"c x1e6 y2844 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2844 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2845 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2845 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2846 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2846 w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">248<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2846 w20 h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">283<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2847 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2847 w1f h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2847 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2848 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2848 w1f h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y2848 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y2849 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls18a ws0\">Cash payments<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2849 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(37)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2849 w20 h9d\"><div class=\"t m1 x1bd h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(33)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y284a w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17d ws0\">Proceeds from lease <span class=\"_ _4\"></span>modification<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y284a w1f h9e\"><div class=\"t m1 x4b h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y284a w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y284b w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">Unwind of lease<span class=\"_ _4\"></span> liability <span class=\"_ _4\"></span>discount <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y284b w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y284b w20 h9d\"><div class=\"t m1 x3 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y284c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurement<span class=\"ls0\"> <span class=\"ls183\">on modification</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y284c w1f h9d\"><div class=\"t m1 xeb h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ed y284c w20 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y284d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">Foreign exchange movements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y284d w1f h9e\"><div class=\"t m1 x4b h9b y1f43 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y284d w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(4)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y284e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y284e w1f h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls17e ws0\">271<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y284e w20 h9e\"><div class=\"t m1 x16f h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">248<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "All of our ROU <span class=\"_ _4\"></span>lease assets, in<span class=\"_ _4\"></span>cluding those class<span class=\"_ _4\"></span>ified as investment<span class=\"_ _4\"></span> property,<span class=\"ls0\"> <span class=\"ls18e\">are measured at cost l<span class=\"_ _4\"></span>ess depreciation and impairment. </span></span>Cost includes t<span class=\"_ _4\"></span>he amount of the ini<span class=\"_ _4\"></span>tial measurement of <span class=\"_ _4\"></span>the associated lea<span class=\"_ _4\"></span>se liability, <span class=\"_ _4\"></span>lease payments made at <span class=\"_ _4\"></span>or before the l<span class=\"ls188\">ease </span>commencement date, lease incentives received, associ<span class=\"_ _4\"></span>ated leasehold imp<span class=\"ls18c\">rovements classified as investm<span class=\"_ _0\"></span>ent property and estimated<span class=\"_ _0\"></span> </span>costs to be incurred in rest<span class=\"_ _4\"></span>oring the property to the condition r<span class=\"_ _4\"></span>equired under the terms of the lease. Depreci<span class=\"_ _4\"></span>ation is calculated on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over t<span class=\"_ _0\"></span>he asset\u2019s estim<span class=\"_ _0\"></span>ated useful lif<span class=\"_ _0\"></span>e, whi<span class=\"ls18e\">ch for leasehold improvements classified as investment property <span class=\"_ _4\"></span>is the </span></span></span>shorter of the lease term and the life of the improvement (up to 24 years) and for all other assets is <span class=\"_ _4\"></span>the lease term and is <span class=\"ls185\">included within </span>other costs. We assess ROU lease <span class=\"_ _4\"></span>assets for <span class=\"ls185\">impairment wh<span class=\"_ _0\"></span>enever even<span class=\"_ _0\"></span>ts or circumsta<span class=\"_ _0\"></span>nces indicate<span class=\"_ _0\"></span> that the carryin<span class=\"_ _0\"></span>g amount m<span class=\"_ _0\"></span>ay not </span>be recoverable.<span class=\"ls0\"> </span>Accounting policy<span class=\"ls0\"> </span>All leasehold <span class=\"_ _4\"></span>improvements and equipment <span class=\"_ _4\"></span>are recorded at cos<span class=\"_ _4\"></span>t less depreciati<span class=\"_ _4\"></span>on and impairment. Co<span class=\"_ _4\"></span>st includes the or<span class=\"_ _4\"></span>iginal pu<span class=\"ls18c\">rchase </span>price of<span class=\"ls0\"> <span class=\"ls186\">the asset and costs directly attributable to bringing th<span class=\"_ _0\"></span>e asset to its working condition for its intende<span class=\"_ _0\"></span>d use. Depr<span class=\"ls188\">eciation is </span></span></span>calculated using the<span class=\"ls0\"> <span class=\"ls199\">straight</span>-<span class=\"ls185\">line method over the<span class=\"_ _0\"></span> asset\u2019s estim<span class=\"_ _0\"></span>ated useful life, w<span class=\"_ _0\"></span>hich for lease<span class=\"_ _0\"></span>hold improve<span class=\"_ _0\"></span>ments is the s<span class=\"_ _0\"></span>horter of the </span></span>life of the lease an<span class=\"_ _0\"></span>d that of<span class=\"ls0\"> <span class=\"ls186\">the<span class=\"_ _0\"></span> improvement (up to 24 yea<span class=\"_ _0\"></span>rs) and for equipment is betwee<span class=\"_ _0\"></span>n three and ten y<span class=\"ls188\">ears.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "All lease li<span class=\"_ _4\"></span>abilities are <span class=\"_ _4\"></span>measured at the present<span class=\"_ _4\"></span> value of lease <span class=\"_ _4\"></span>payments due over the <span class=\"_ _4\"></span>lease term, discount<span class=\"_ _4\"></span>ed using our incr<span class=\"_ _4\"></span>e<span class=\"ls19b\">mental cos<span class=\"_ _4\"></span>t </span>of borrowing (bei<span class=\"ls197\">ng the rat<span class=\"_ _4\"></span>e we would have to pay to fi<span class=\"_ _4\"></span>nance a similar asset) <span class=\"_ _4\"></span>at the lease commencement date or <span class=\"_ _4\"></span>the modification date. </span>The lease liability i<span class=\"_ _4\"></span>s adjusted for lease payments and unwind <span class=\"_ _4\"></span>of lease liability discount <span class=\"_ _4\"></span>as well as the impact of any subseq<span class=\"ls184\">uent<span class=\"_ _4\"></span> lease </span>mo<span class=\"ls17f\">difications. The unwind <span class=\"_ _4\"></span>of lease liability <span class=\"_ _4\"></span>discount is included withi<span class=\"_ _4\"></span>n finance expense.<span class=\"ls0\"> </span></span>Cash payments in r<span class=\"_ _4\"></span>elation to leases<span class=\"_ _4\"></span>, which reduce the <span class=\"_ _4\"></span>lease liabilit<span class=\"_ _4\"></span>y recognised on the <span class=\"_ _4\"></span>consolidated balance <span class=\"_ _4\"></span>sheet, are prese<span class=\"ls197\">nted as </span>payment of lease interest <span class=\"_ _4\"></span>(within operating activi<span class=\"_ _4\"></span>ties) and repayments of pri<span class=\"_ _4\"></span>ncipal lease liabil<span class=\"_ _4\"></span>ity (within financing <span class=\"_ _4\"></span>activities) in the consolidated cash flow statement. Payments in <span class=\"_ _4\"></span>relation to short<span class=\"ls0\">-<span class=\"ls186\">term leases and leases of low</span>-</span>value assets are included within cash flows from operating a<span class=\"ls18e\">ctivities.</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls185\"><span class=\"ls0\"><span class=\"ls17a\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></span></span></span>Accounting policy<span class=\"ls0\"> </span>Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span>F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span>through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span>Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span>combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span>Fair value hierarchy<span class=\"ls0\"> </span>We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span>prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span>The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span>liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span>primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span>information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span>valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span>The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span>sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span>adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span>classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span>spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span>Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span>trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span>sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets</span> </span><table class=\"s w92 hee\" id=\"_e5f359bf-7201-4983-8268-bae5efb5f616\"><tr><td></td><td></td><td class=\"c x22a y2828 w32 hae\"><div class=\"t m1 x10a h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x22b y2828 w33 hae\"><div class=\"t m1 x28 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x22c y2829 w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22d y2829 w9f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x22e y2829 wa0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22f y2829 wa1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Investment<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y282a w31 h9c\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x230 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x231 y282b wa2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x232 y282a w20 h9c\"><div class=\"t m1 x16f h42 y209b ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x233 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x234 y282b wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">property<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ed y282a w20 h9c\"><div class=\"t m1 x189 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y282c w31 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282c w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17d ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x232 y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">239<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282c w20 h9d\"><div class=\"t m1 x2b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">199<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282c w1f h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282c w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">300<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y282d w31 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x22a y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282d w20 h9e\"><div class=\"t m1 x24 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y282d w1f h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282d w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y282e w31 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282e w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">17 </div></td><td class=\"c x235 y282e w20 h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x232 y282e w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ec y282e w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y282e w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y282f w31 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y282f w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y282f w20 h9e\"><div class=\"t m1 x4b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y282f w1f h9e\"><div class=\"t m1 x2b h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(50)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y282f w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(52)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2830 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurement on modificat<span class=\"_ _4\"></span>ion<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x235 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2830 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y2830 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2830 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2830 w20 h9d\"><div class=\"t m1 x2b h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2831 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">210<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2831 w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2831 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y2831 w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">188<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2831 w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">51<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2831 w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">239<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2832 wa4 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2833 wa5 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2834 w20 ha2\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2834 w20 ha2\"><div class=\"t m1 x4 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(136)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2834 w20 ha2\"><div class=\"t m1 x2b h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(87)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2834 w1f ha2\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(84)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2834 w20 ha2\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(171)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2835 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y2835 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2835 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ec y2835 w1f h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2835 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2836 w31 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2836 w20 h9d\"><div class=\"t m1 x4b h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2836 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2836 w1f h9d\"><div class=\"t m1 x3 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2836 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2837 wa6 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2838 wa7 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls197 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22a y2839 w20 ha2\"><div class=\"t m1 x4 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(102)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2839 w20 ha2\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(141)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y2839 w20 ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(98)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2839 w1f ha2\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(38)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2839 w20 ha2\"><div class=\"t m1 x75 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(136)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283a w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x235 y283a w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283a w20 h9d\"><div class=\"t m1 x189 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x22b y283a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283a w1f h9d\"><div class=\"t m1 x3 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283a w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">129<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y283b w31 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x22a y283b w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\">8</span><span class=\"ls0\"> </span></div></td><td class=\"c x235 y283b w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x232 y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">12<span class=\"ls0\">1</span><span class=\"ls0\"> </span></div></td><td class=\"c x22b y283b w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">90<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y283b w1f h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y283b w20 h9d\"><div class=\"t m1 x1bd h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wa9 hf1\" id=\"_5f3e30b5-dfc8-4998-a094-a192f8ab71da\"><tr><td></td><td></td><td class=\"c x237 y284f w35 hae\"><div class=\"t m1 x115 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td></td><td class=\"c x238 y284f w36 hae\"><div class=\"t m1 x98 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x239 y2850 waa hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23a y2850 wab hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23b y2851 wac hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2851 wad hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23d y2852 wae hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2852 waf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y2853 w34 hb3\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x237 y2853 w37 hb3\"><div class=\"t m1 x1cc h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x23e y2853 w38 hb3\"><div class=\"t m1 x1c2 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x23f y2854 wb0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x240 y2853 w37 hb3\"><div class=\"t m1 x1ba h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x238 y2853 w38 hb3\"><div class=\"t m1 xe9 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x241 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x242 y2854 wb1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x243 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2855 w34 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3,532<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2855 w38 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2855 w37 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2856 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2856 w38 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y2856 w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2857 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2857 w37 h9e\"><div class=\"t m1 xe9 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">2,<span class=\"ls181\">480</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x23e y2857 w38 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">1,008<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2857 w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2857 w37 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">3,591<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2857 w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2857 w37 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2858 wb2 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and<span class=\"ls0\"> <span class=\"ls185\">impairment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2833 wb3 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18e ws0\">at<span class=\"ls0\"> <span class=\"ls17f\">beginning of the year<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x237 y2859 w37 ha2\"><div class=\"t m1 x1cc h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2859 w38 ha2\"><div class=\"t m1 x1b7 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2859 w38 ha2\"><div class=\"t m1 x1be h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2859 w37 ha2\"><div class=\"t m1 x1c6 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(2,780)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2859 w38 ha2\"><div class=\"t m1 x1c1 h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(824)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2859 w37 ha2\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(96)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(2,756)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285a w34 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285a w37 h9e\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285a w38 h9e\"><div class=\"t m1 x1c3 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285a w38 h9e\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285a w37 h9e\"><div class=\"t m1 x1be h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285a w38 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285a w37 h9e\"><div class=\"t m1 x16f h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(24)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285b w34 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Impairment<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x244 y285b w38 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285b w37 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x20f y285c wb4 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and impairment<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2838 wb5 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17f ws0\">at<span class=\"ls0\"> </span>end of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x237 y285d w37 ha3\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285d w38 ha3\"><div class=\"t m1 x1c0 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(858)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(103)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285d w37 ha3\"><div class=\"t m1 x1ce h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(2,797)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285d w38 ha3\"><div class=\"t m1 x1ca h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285d w37 ha3\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285d w38 ha3\"><div class=\"t m1 xe9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(2,780)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at <span class=\"ls17f\">beginning of<span class=\"ls0\"> <span class=\"ls186\">the year</span></span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y285e w37 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285e w38 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x240 y285e w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">752<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285e w37 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x243 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">776<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285f w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285f w37 h9e\"><div class=\"t m1 xef h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">644<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285f w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285f w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y285f w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">794<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285f w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x243 y285f w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">752<span class=\"ls0\"> </span></div></td></tr></table>Goodwill impair<span class=\"_ _4\"></span>ment assumptions<span class=\"ls0\"> </span><table class=\"s wb6 hf2\" id=\"_34052d24-dd97-4463-8497-a7a21c326d52\"><tr><td></td><td class=\"c x246 y2860 wb7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Pre-tax<span class=\"_ _1bd\"> </span></div></td><td class=\"c x247 y2860 wb8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Assumptions<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2861 w29 ha9\"><div class=\"t m1 x1b8 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">Key assumptions at 31 December 2025 and 31 December 2024 </div></td><td class=\"c x22f y2862 wb9 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">equivalent<span class=\"_ _1bd\"> </span></div></td><td class=\"c x249 y2862 wba hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">adopted</div><div class=\"t m1 x248 hb4 y2863 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2864 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Compound average annuali<span class=\"_ _4\"></span>sed growth in AUM (ov<span class=\"_ _4\"></span>er three years)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1ed y2864 w20 h9e\"><div class=\"t m1 x2b h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2865 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2866 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2866 w1f h9e\"><div class=\"t m1 x16f h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">14%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2866 w20 h9e\"><div class=\"t m1 x189 h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">11%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2867 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2867 w1f h9d\"><div class=\"t m1 x75 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">22%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2867 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">17%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2868 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls183 ws0\">Terminal value (mid<span class=\"ls0\">-<span class=\"ls184\">point of range <span class=\"_ _4\"></span>of historical multipl<span class=\"_ _4\"></span>es</span></span><span class=\"ls0\"><span class=\"ls184\">)<span class=\"ls0\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2869 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y2869 w20 h9d\"><div class=\"t m1 x1be h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">13.0x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286a w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff5b fs2e fcb sc0 ls17d ws0\">5.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286b w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls198\">Implied term<span class=\"_ _0\"></span>inal growth rate</span><span class=\"ff59 ls198\"><span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286b w20 h9e\"><div class=\"t m1 x2b h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">3%<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Earnings discount rate assumptions are presented post-tax. Earnings multiples are applied to the forward year. Goodwill impair<span class=\"_ _4\"></span>ment and sensitivi<span class=\"_ _4\"></span>ty analyses<span class=\"ls0\"> </span>Details of t<span class=\"_ _4\"></span>he valuations are <span class=\"_ _4\"></span>provided below, i<span class=\"_ _4\"></span>ncluding sensiti<span class=\"_ _4\"></span>vity tables whi<span class=\"_ _4\"></span>ch show scenarios wher<span class=\"_ _4\"></span><span class=\"ls188\">eby the key assumptions are changed </span>to<span class=\"ls0\"> <span class=\"ls199\">stressed assumptions, indicating the modelled headroom or impairment that would result. We have considered reasonably foresee<span class=\"ls18e\">able </span></span></span>changes in the compound average annualised growth in AUM forecast as<span class=\"_ _4\"></span>sumption, stressing<span class=\"ls0\"> <span class=\"ls186\">this by 2% and the lower of <span class=\"ls17c\">10% or to the po<span class=\"_ _0\"></span>int </span></span></span>at which impairment would arise. Each assumption, or<span class=\"_ _4\"></span> set of assumptions, is stressed <span class=\"_ _4\"></span>in isolation. The results of <span class=\"_ _4\"></span>these sensi<span class=\"ls186\">tivities make no </span>allowance for mitigating actions that<span class=\"_ _4\"></span> management would take if such market conditions persist<span class=\"_ _4\"></span>ed.<span class=\"ls0\"> </span><table class=\"s wbb hed\" id=\"_a04c14c4-2801-42cb-96da-eb39ee1728c6\"><tr><td></td><td class=\"c x1e6 y2823 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2823 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2824 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2824 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y286c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18f ws0\">Value in use<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286c w1f h9d\"><div class=\"t m1 x1b9 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5,120<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286c w20 h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5,090<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y286e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Carrying value of<span class=\"_ _4\"></span> CGUs<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286e w1f h9e\"><div class=\"t m1 x4 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(910)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286e w20 h9e\"><div class=\"t m1 x4 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(870)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls189 ws0\">Headroom<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286f w1f h9e\"><div class=\"t m1 x1b9 h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286f w20 h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wbc hf3\" id=\"_777e8571-a3fb-4cea-93c9-68e4174b27ca\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2870 w3a hae\"><div class=\"t m1 x1c6 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2870 w3a hae\"><div class=\"t m1 x1b7 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x24a y2871 wbd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24b y2871 wbe hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24c y2871 wbe hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2872 w39 h9c\"><div class=\"t m1 x1b8 h42 y1f5f ff5d fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2025 </div></td><td class=\"c x24d y2873 wbf hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2873 wc0 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x246 y2873 wc0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2874 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2874 w20 h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ac ff68 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y2874 w20 h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2874 w1f h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2874 w1f h9d\"><div class=\"t m1 x1c4 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2874 w20 h9d\"><div class=\"t m1 x67 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2875 w39 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,690<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">1,800<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">4,<span class=\"ls17d\">330</span> </div></td><td class=\"c x250 y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,090<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,620<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2875 w20 h9e\"><div class=\"t m1 x1ba h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,800<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2876 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(520)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2876 w20 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,410)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2876 w20 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2876 w1f h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2876 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">410<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(410)<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wc1 hf4\" id=\"_18401ff8-30e9-4e78-b6f3-454e42574482\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2877 w3a hae\"><div class=\"t m1 x1ce h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2877 w3a hae\"><div class=\"t m1 xef h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x251 y2871 wc2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2871 wc3 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x234 y2871 wc3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y285d w39 ha9\"><div class=\"t m1 x1b8 h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2024 </div></td><td class=\"c x252 y2873 wc4 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x253 y2873 wc5 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x254 y2873 wc5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y270f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls197 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y270f w20 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y270f w20 h9e\"><div class=\"t m1 xe9 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y270f w1f h9e\"><div class=\"t m1 x1ca h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y270f w1f h9e\"><div class=\"t m1 xc4 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y270f w20 h9e\"><div class=\"t m1 x1c8 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2878 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,680<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2878 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">1,690<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,340<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2878 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,100<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2878 w1f h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,650<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2878 w20 h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,790<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y285f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(540)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y285f w20 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2,530)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y285f w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y285f w1f h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y285f w1f h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls197 ws0\">430<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(430)<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Stressed by 10%, as opposed to the point of impairment, given an impairment scenario is not reasonably foreseeable.<span class=\"_ _1bd\"> </span>Impairment of a<span class=\"_ _0\"></span>cquired intang<span class=\"_ _0\"></span>ibles<span class=\"ls0\"> </span>During the year,<span class=\"_ _4\"></span> the acquired i<span class=\"_ _4\"></span>ntangible relati<span class=\"_ _4\"></span>ng to the Varagon b<span class=\"_ _4\"></span>rand with a carryi<span class=\"_ _4\"></span>ng value of $5 mi<span class=\"_ _4\"></span>llion was full<span class=\"_ _4\"></span>y impaired<span class=\"ls0\"> <span class=\"ls186\">following the </span></span>retirement of the brand in the ye<span class=\"_ _0\"></span>ar.<span class=\"ff60 fs2f ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Goodwill<span class=\"ls0\"> </span>Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span>fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span>sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span>annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span>recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span>Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span>of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span>goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span>The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span>from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span>calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span>The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span>have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span>performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span>with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span>manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span>of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span>management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span>available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span>Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span>Intangible asset<span class=\"_ _0\"></span>s acquired in a bu<span class=\"_ _0\"></span>siness combin<span class=\"_ _0\"></span>ation and reco<span class=\"_ _0\"></span>gnised separa<span class=\"_ _0\"></span>tely from goodw<span class=\"_ _0\"></span>ill are initially mea<span class=\"_ _0\"></span>sured at their <span class=\"ls186\">fair va<span class=\"_ _0\"></span>lue at </span>the acquisition date. Following initial recog<span class=\"_ _0\"></span>nition, acquired intangibles a<span class=\"ls18c\">re held at co<span class=\"_ _0\"></span>st less accumulated amortisa<span class=\"_ _0\"></span>tion and impairment. </span>Acquired intangib<span class=\"_ _4\"></span>les comprise invest<span class=\"_ _4\"></span>ment management agreements and <span class=\"_ _4\"></span>related client r<span class=\"_ _4\"></span>elationships (I<span class=\"_ _4\"></span>MAs), distributio<span class=\"_ _4\"></span>n channels<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>brand names and are initial<span class=\"_ _4\"></span>ly recognised at fair value <span class=\"_ _4\"></span>based on <span class=\"ls186\">the present value of the expected future<span class=\"_ _0\"></span> cash flows and are amortised </span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over th<span class=\"_ _0\"></span>eir expected u<span class=\"_ _0\"></span>seful lives, whic<span class=\"_ _0\"></span>h are betwee<span class=\"_ _0\"></span>n seven and<span class=\"_ _0\"></span> 15 years (IMAs<span class=\"_ _0\"></span> and brands)<span class=\"_ _0\"></span>, and eight and<span class=\"_ _0\"></span> 12 years </span></span>(distribution channels). Acq<span class=\"_ _0\"></span>uired <span class=\"ls185\">intangible<span class=\"_ _0\"></span>s are reviewed<span class=\"_ _0\"></span> for impairme<span class=\"_ _0\"></span>nt whenever<span class=\"_ _0\"></span> events or chan<span class=\"_ _0\"></span>ges in circum<span class=\"_ _0\"></span>stances ind<span class=\"_ _0\"></span>icate that </span>the<span class=\"ls0\"> <span class=\"ls18e\">carrying amount may not be recoverable. Disposals of <span class=\"_ _4\"></span>acquired intangibles are recognised in t<span class=\"_ _4\"></span>he year the related cash inflows<span class=\"ls0\"> </span></span></span>are<span class=\"ls0\"> <span class=\"ls186\">transferred.</span> </span>Accounting policy<span class=\"ls0\"> </span>Following initial <span class=\"_ _4\"></span>recognition, <span class=\"ls199\">software<span class=\"ls0\"> <span class=\"ls185\">intangible</span> <span class=\"ls18e\">assets</span> <span class=\"ls18e\">are held at cost less accumulated amortisation and impairment. Cost<span class=\"_ _4\"></span> includes </span></span></span>costs that are directly as<span class=\"_ _4\"></span>sociated with the procurement or development of identi<span class=\"_ _4\"></span>fiab<span class=\"ls185\">le and uniq<span class=\"_ _0\"></span>ue software p<span class=\"_ _0\"></span>roducts whic<span class=\"_ _0\"></span>h will </span>generate<span class=\"ls0\"> <span class=\"ls188\">economic benefits exceeding costs</span> <span class=\"ls183\">over a peri<span class=\"_ _4\"></span>od longer than one year. Capitali<span class=\"_ _4\"></span>sed software<span class=\"ls0\"> <span class=\"ls185\">intangible asse<span class=\"_ _0\"></span>ts are</span> <span class=\"ls18e\">amortised </span></span></span></span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over <span class=\"ls186\">the<span class=\"_ _0\"></span>ir</span></span> <span class=\"ls188\">estimated useful li<span class=\"ls18e\">ves</span></span> <span class=\"ls187\">(three years), with am</span></span>ortisation expense included within other <span class=\"_ _4\"></span>costs in the c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">. </span></span>S<span class=\"ls183\">oftware</span> <span class=\"ls185\">intangible assets a<span class=\"_ _0\"></span>re</span> <span class=\"ls18c\">reviewed for impairm<span class=\"_ _0\"></span>ent whenever even<span class=\"_ _0\"></span>ts or changes in </span>circumstances<span class=\"ls0\"> <span class=\"ls185\">indicate that the<span class=\"_ _0\"></span> carrying am<span class=\"_ _0\"></span>ount may no<span class=\"_ _0\"></span>t be recoverab<span class=\"_ _0\"></span>le. Additions prim<span class=\"_ _0\"></span></span></span>arily relate to the continued investment in our operating platforms.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "Goodwill<span class=\"ls0\"> </span>Goodwill is <span class=\"_ _4\"></span>measured as the excess <span class=\"_ _4\"></span>of the sum of the <span class=\"_ _4\"></span>consideration tr<span class=\"_ _4\"></span>ansferred and the a<span class=\"_ _4\"></span>mount of any non<span class=\"ls0\">-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>est over the </span></span>fair value of the identifiable net assets of the a<span class=\"_ _0\"></span>cquired business at the date of acq<span class=\"_ _0\"></span>uisition. Goodwill is carried on the<span class=\"ls0\"> c<span class=\"_ _0\"></span><span class=\"ls183\">onsolidated balance </span></span>sheet<span class=\"ls0\"> <span class=\"ls18e\">at cost less accumulated impairment, has an indef<span class=\"_ _4\"></span>inite useful life, is <span class=\"_ _4\"></span>not subject to amortisation and is t<span class=\"_ _4\"></span>ested for impairme<span class=\"ls197\">nt </span></span></span>annually, or whenever events or circumstances i<span class=\"_ _4\"></span>ndicate that the carrying amount may not be recoverab<span class=\"ls185\">le. An impairment expens<span class=\"_ _0\"></span>e is </span>recognised for the amoun<span class=\"_ _0\"></span>t by which the asset\u2019s carrying valu<span class=\"_ _0\"></span>e exceeds its recoverable am<span class=\"_ _0\"></span>ount. The recoverable am<span class=\"_ _0\"></span>ount of our group of<span class=\"ls0\"> <span class=\"ls18e\">cash</span>-<span class=\"ls184\">generating units (CGUs) is a<span class=\"_ _4\"></span>ssessed each year using a value <span class=\"_ _4\"></span>in use calculation. <span class=\"ls0\"> </span></span></span>Goodwill<span class=\"ls0\"> <span class=\"ls17f\">does not generate cash <span class=\"_ _4\"></span>flows independently of other groups <span class=\"_ _4\"></span>of assets and thus is assigned <span class=\"_ _4\"></span>to a group of CGUs for the purposes<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span>of impairment testing. Our CGUs ar<span class=\"_ _4\"></span>e aggregated into a single group f<span class=\"_ _4\"></span>or impairment testing purposes, refl<span class=\"_ _4\"></span>ecting the lowest lev<span class=\"ls188\">el a<span class=\"ls186\">t which </span></span>goodwill is<span class=\"ls0\"> <span class=\"ls19b\">monit<span class=\"_ _4\"></span>ored by ma<span class=\"_ _4\"></span>nagement.<span class=\"ls0\"> </span></span></span>The value in use calculation <span class=\"_ _4\"></span>uses cash flow projections based on t<span class=\"_ _4\"></span>he Board<span class=\"ls0\">-<span class=\"ls18e\">approved financial plan for the <span class=\"ls199\">subsequent <span class=\"ls186\">three</span></span></span>-<span class=\"ls18e\">year period</span> </span>from the balance sheet date<span class=\"ls190\">, p<span class=\"_ _0\"></span>lus a termina<span class=\"_ _0\"></span>l value. The valu<span class=\"_ _0\"></span>ation analysis<span class=\"_ _0\"></span> <span class=\"ls185\">is based on bes<span class=\"_ _0\"></span>t practice guid<span class=\"_ _0\"></span>ance whereb<span class=\"_ _0\"></span>y a terminal va<span class=\"_ _0\"></span>lue is </span></span>calculated at the end of a di<span class=\"_ _4\"></span>screte budget period and assumes, after this<span class=\"_ _4\"></span> three<span class=\"ls0\">-</span>year budget period, no growth in asset flows above t<span class=\"_ _4\"></span>he long<span class=\"ls0\">-<span class=\"ls186\">term growth<span class=\"_ _0\"></span> rate. </span> </span>The assumptions applied in the val<span class=\"_ _4\"></span><span class=\"ls184\">ue in use calculation ar<span class=\"_ _4\"></span>e derived from past experience and <span class=\"_ _4\"></span>assessment of current market inputs.<span class=\"_ _4\"></span> We </span>have applied a bifurcat<span class=\"_ _4\"></span>ed discount rate to the modell<span class=\"_ _4\"></span>ed cash flows to reflect the <span class=\"_ _4\"></span>different risk profil<span class=\"_ _4\"></span>e of management fee pr<span class=\"ls183\">ofits<span class=\"_ _4\"></span> and </span>performance fee<span class=\"ls0\"> </span>profit<span class=\"ls199\">s. The discount rates are based on our weighted average cost of capital usi<span class=\"_ _4\"></span>ng a risk<span class=\"ls0\">-<span class=\"ls186\">free interest rate, together </span></span></span>with an equ<span class=\"_ _4\"></span>ity market <span class=\"_ _4\"></span>risk premium <span class=\"_ _4\"></span>and an approp<span class=\"_ _4\"></span>riate market<span class=\"_ _4\"></span> beta deriv<span class=\"_ _4\"></span>ed from consi<span class=\"_ _4\"></span>deration of<span class=\"_ _4\"></span> our own beta,<span class=\"_ _4\"></span> similar <span class=\"_ _4\"></span>alterna<span class=\"ls186\">tive asset </span>manage<span class=\"ls18c\">rs, and the asset management sector as a<span class=\"_ _0\"></span> whole. The terminal value is calcu<span class=\"_ _0\"></span>lated based on the projected clo<span class=\"_ _0\"></span>sing AUM at <span class=\"ls186\">the end </span></span>of the three<span class=\"ls0\">-<span class=\"ls18e\">year forecast period</span> <span class=\"ls18e\">and applying t<span class=\"_ _4\"></span>he mid<span class=\"ls0\">-<span class=\"ls184\">point of a range of histori<span class=\"_ _4\"></span>cal multiples to the f<span class=\"_ _4\"></span>orecast cash flows associ<span class=\"ls18e\">ated <span class=\"_ _4\"></span>with </span></span></span></span></span>management <span class=\"_ _4\"></span>and perfor<span class=\"_ _4\"></span>mance fee <span class=\"_ _4\"></span>profits.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The value in use calculation <span class=\"_ _4\"></span>is presented on a post<span class=\"ls0\">-<span class=\"ls186\">tax basis, consistent with the prior year, given most co<span class=\"_ _0\"></span>mparable market data is </span></span>available on<span class=\"ls0\"> </span>a post<span class=\"ls0\">-<span class=\"ls186\">tax basis. This is not significantly different to its</span> <span class=\"ls184\">pre</span>-<span class=\"ls186\">tax equiv<span class=\"_ _0\"></span>alent.</span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span>Intangible asset<span class=\"_ _0\"></span>s acquired in a bu<span class=\"_ _0\"></span>siness combin<span class=\"_ _0\"></span>ation and reco<span class=\"_ _0\"></span>gnised separa<span class=\"_ _0\"></span>tely from goodw<span class=\"_ _0\"></span>ill are initially mea<span class=\"_ _0\"></span>sured at their <span class=\"ls186\">fair va<span class=\"_ _0\"></span>lue at </span>the acquisition date. Following initial recog<span class=\"_ _0\"></span>nition, acquired intangibles a<span class=\"ls18c\">re held at co<span class=\"_ _0\"></span>st less accumulated amortisa<span class=\"_ _0\"></span>tion and impairment. </span>Acquired intangib<span class=\"_ _4\"></span>les comprise invest<span class=\"_ _4\"></span>ment management agreements and <span class=\"_ _4\"></span>related client r<span class=\"_ _4\"></span>elationships (I<span class=\"_ _4\"></span>MAs), distributio<span class=\"_ _4\"></span>n channels<span class=\"ls0\"> <span class=\"ls18e\">and </span></span>brand names and are initial<span class=\"_ _4\"></span>ly recognised at fair value <span class=\"_ _4\"></span>based on <span class=\"ls186\">the present value of the expected future<span class=\"_ _0\"></span> cash flows and are amortised </span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over th<span class=\"_ _0\"></span>eir expected u<span class=\"_ _0\"></span>seful lives, whic<span class=\"_ _0\"></span>h are betwee<span class=\"_ _0\"></span>n seven and<span class=\"_ _0\"></span> 15 years (IMAs<span class=\"_ _0\"></span> and brands)<span class=\"_ _0\"></span>, and eight and<span class=\"_ _0\"></span> 12 years </span></span>(distribution channels). Acq<span class=\"_ _0\"></span>uired <span class=\"ls185\">intangible<span class=\"_ _0\"></span>s are reviewed<span class=\"_ _0\"></span> for impairme<span class=\"_ _0\"></span>nt whenever<span class=\"_ _0\"></span> events or chan<span class=\"_ _0\"></span>ges in circum<span class=\"_ _0\"></span>stances ind<span class=\"_ _0\"></span>icate that </span>the<span class=\"ls0\"> <span class=\"ls18e\">carrying amount may not be recoverable. Disposals of <span class=\"_ _4\"></span>acquired intangibles are recognised in t<span class=\"_ _4\"></span>he year the related cash inflows<span class=\"ls0\"> </span></span></span>are<span class=\"ls0\"> <span class=\"ls186\">transferred.</span> </span>Accounting policy<span class=\"ls0\"> </span>Following initial <span class=\"_ _4\"></span>recognition, <span class=\"ls199\">software<span class=\"ls0\"> <span class=\"ls185\">intangible</span> <span class=\"ls18e\">assets</span> <span class=\"ls18e\">are held at cost less accumulated amortisation and impairment. Cost<span class=\"_ _4\"></span> includes </span></span></span>costs that are directly as<span class=\"_ _4\"></span>sociated with the procurement or development of identi<span class=\"_ _4\"></span>fiab<span class=\"ls185\">le and uniq<span class=\"_ _0\"></span>ue software p<span class=\"_ _0\"></span>roducts whic<span class=\"_ _0\"></span>h will </span>generate<span class=\"ls0\"> <span class=\"ls188\">economic benefits exceeding costs</span> <span class=\"ls183\">over a peri<span class=\"_ _4\"></span>od longer than one year. Capitali<span class=\"_ _4\"></span>sed software<span class=\"ls0\"> <span class=\"ls185\">intangible asse<span class=\"_ _0\"></span>ts are</span> <span class=\"ls18e\">amortised </span></span></span></span>on<span class=\"ls0\"> <span class=\"ls18e\">a straight</span>-<span class=\"ls185\">line basis over <span class=\"ls186\">the<span class=\"_ _0\"></span>ir</span></span> <span class=\"ls188\">estimated useful li<span class=\"ls18e\">ves</span></span> <span class=\"ls187\">(three years), with am</span></span>ortisation expense included within other <span class=\"_ _4\"></span>costs in the c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">. </span></span>S<span class=\"ls183\">oftware</span> <span class=\"ls185\">intangible assets a<span class=\"_ _0\"></span>re</span> <span class=\"ls18c\">reviewed for impairm<span class=\"_ _0\"></span>ent whenever even<span class=\"_ _0\"></span>ts or changes in </span>circumstances<span class=\"ls0\"> <span class=\"ls185\">indicate that the<span class=\"_ _0\"></span> carrying am<span class=\"_ _0\"></span>ount may no<span class=\"_ _0\"></span>t be recoverab<span class=\"_ _0\"></span>le. Additions prim<span class=\"_ _0\"></span></span></span>arily relate to the continued investment in our operating platforms.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "<div class=\"gsdd\"><table class=\"s wa9 hf1\" id=\"_5f3e30b5-dfc8-4998-a094-a192f8ab71da\"><tr><td></td><td></td><td class=\"c x237 y284f w35 hae\"><div class=\"t m1 x115 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td></td><td class=\"c x238 y284f w36 hae\"><div class=\"t m1 x98 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x239 y2850 waa hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23a y2850 wab hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23b y2851 wac hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2851 wad hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23d y2852 wae hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2852 waf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y2853 w34 hb3\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x237 y2853 w37 hb3\"><div class=\"t m1 x1cc h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x23e y2853 w38 hb3\"><div class=\"t m1 x1c2 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x23f y2854 wb0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x240 y2853 w37 hb3\"><div class=\"t m1 x1ba h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x238 y2853 w38 hb3\"><div class=\"t m1 xe9 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x241 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x242 y2854 wb1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x243 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2855 w34 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3,532<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2855 w38 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2855 w37 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2856 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2856 w38 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y2856 w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2857 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2857 w37 h9e\"><div class=\"t m1 xe9 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">2,<span class=\"ls181\">480</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x23e y2857 w38 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">1,008<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2857 w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2857 w37 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">3,591<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2857 w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2857 w37 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2858 wb2 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and<span class=\"ls0\"> <span class=\"ls185\">impairment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2833 wb3 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18e ws0\">at<span class=\"ls0\"> <span class=\"ls17f\">beginning of the year<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x237 y2859 w37 ha2\"><div class=\"t m1 x1cc h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2859 w38 ha2\"><div class=\"t m1 x1b7 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2859 w38 ha2\"><div class=\"t m1 x1be h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2859 w37 ha2\"><div class=\"t m1 x1c6 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(2,780)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2859 w38 ha2\"><div class=\"t m1 x1c1 h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(824)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2859 w37 ha2\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(96)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(2,756)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285a w34 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285a w37 h9e\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285a w38 h9e\"><div class=\"t m1 x1c3 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285a w38 h9e\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285a w37 h9e\"><div class=\"t m1 x1be h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285a w38 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285a w37 h9e\"><div class=\"t m1 x16f h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(24)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285b w34 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Impairment<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x244 y285b w38 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285b w37 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x20f y285c wb4 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and impairment<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2838 wb5 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17f ws0\">at<span class=\"ls0\"> </span>end of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x237 y285d w37 ha3\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285d w38 ha3\"><div class=\"t m1 x1c0 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(858)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(103)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285d w37 ha3\"><div class=\"t m1 x1ce h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(2,797)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285d w38 ha3\"><div class=\"t m1 x1ca h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285d w37 ha3\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285d w38 ha3\"><div class=\"t m1 xe9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(2,780)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at <span class=\"ls17f\">beginning of<span class=\"ls0\"> <span class=\"ls186\">the year</span></span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y285e w37 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285e w38 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x240 y285e w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">752<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285e w37 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x243 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">776<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285f w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285f w37 h9e\"><div class=\"t m1 xef h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">644<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285f w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285f w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y285f w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">794<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285f w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x243 y285f w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">752<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18b ws0 gsdf\">Goodwill impair<span class=\"_ _4\"></span>ment assumptions<span class=\"ls0\"> </span></div><div class=\"gs9a\"><table class=\"s wb6 hf2\" id=\"_34052d24-dd97-4463-8497-a7a21c326d52\"><tr><td></td><td class=\"c x246 y2860 wb7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Pre-tax<span class=\"_ _1bd\"> </span></div></td><td class=\"c x247 y2860 wb8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Assumptions<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2861 w29 ha9\"><div class=\"t m1 x1b8 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">Key assumptions at 31 December 2025 and 31 December 2024 </div></td><td class=\"c x22f y2862 wb9 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">equivalent<span class=\"_ _1bd\"> </span></div></td><td class=\"c x249 y2862 wba hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">adopted</div><div class=\"t m1 x248 hb4 y2863 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2864 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Compound average annuali<span class=\"_ _4\"></span>sed growth in AUM (ov<span class=\"_ _4\"></span>er three years)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1ed y2864 w20 h9e\"><div class=\"t m1 x2b h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2865 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2866 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2866 w1f h9e\"><div class=\"t m1 x16f h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">14%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2866 w20 h9e\"><div class=\"t m1 x189 h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">11%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2867 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2867 w1f h9d\"><div class=\"t m1 x75 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">22%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2867 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">17%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2868 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls183 ws0\">Terminal value (mid<span class=\"ls0\">-<span class=\"ls184\">point of range <span class=\"_ _4\"></span>of historical multipl<span class=\"_ _4\"></span>es</span></span><span class=\"ls0\"><span class=\"ls184\">)<span class=\"ls0\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2869 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y2869 w20 h9d\"><div class=\"t m1 x1be h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">13.0x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286a w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff5b fs2e fcb sc0 ls17d ws0\">5.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286b w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls198\">Implied term<span class=\"_ _0\"></span>inal growth rate</span><span class=\"ff59 ls198\"><span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286b w20 h9e\"><div class=\"t m1 x2b h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">3%<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gse0\">Note: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gse1\">1 <span class=\"_ _169\"> </span>Earnings discount rate assumptions are presented post-tax. Earnings multiples are applied to the forward year. </div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18b ws0 gse2\">Goodwill impair<span class=\"_ _4\"></span>ment and sensitivi<span class=\"_ _4\"></span>ty analyses<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls180 ws0 gse3\">Details of t<span class=\"_ _4\"></span>he valuations are <span class=\"_ _4\"></span>provided below, i<span class=\"_ _4\"></span>ncluding sensiti<span class=\"_ _4\"></span>vity tables whi<span class=\"_ _4\"></span>ch show scenarios wher<span class=\"_ _4\"></span><span class=\"ls188\">eby the key assumptions are changed </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gse4\">to<span class=\"ls0\"> <span class=\"ls199\">stressed assumptions, indicating the modelled headroom or impairment that would result. We have considered reasonably foresee<span class=\"ls18e\">able </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gse5\">changes in the compound average annualised growth in AUM forecast as<span class=\"_ _4\"></span>sumption, stressing<span class=\"ls0\"> <span class=\"ls186\">this by 2% and the lower of <span class=\"ls17c\">10% or to the po<span class=\"_ _0\"></span>int </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gse6\">at which impairment would arise. Each assumption, or<span class=\"_ _4\"></span> set of assumptions, is stressed <span class=\"_ _4\"></span>in isolation. The results of <span class=\"_ _4\"></span>these sensi<span class=\"ls186\">tivities make no </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gse7\">allowance for mitigating actions that<span class=\"_ _4\"></span> management would take if such market conditions persist<span class=\"_ _4\"></span>ed.<span class=\"ls0\"> </span></div><div class=\"gse8\"><table class=\"s wbb hed\" id=\"_a04c14c4-2801-42cb-96da-eb39ee1728c6\"><tr><td></td><td class=\"c x1e6 y2823 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2823 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2824 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2824 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y286c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18f ws0\">Value in use<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286c w1f h9d\"><div class=\"t m1 x1b9 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5,120<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286c w20 h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5,090<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y286e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Carrying value of<span class=\"_ _4\"></span> CGUs<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286e w1f h9e\"><div class=\"t m1 x4 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(910)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286e w20 h9e\"><div class=\"t m1 x4 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(870)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls189 ws0\">Headroom<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286f w1f h9e\"><div class=\"t m1 x1b9 h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286f w20 h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"gse9\"><table class=\"s wbc hf3\" id=\"_777e8571-a3fb-4cea-93c9-68e4174b27ca\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2870 w3a hae\"><div class=\"t m1 x1c6 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2870 w3a hae\"><div class=\"t m1 x1b7 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x24a y2871 wbd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24b y2871 wbe hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24c y2871 wbe hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2872 w39 h9c\"><div class=\"t m1 x1b8 h42 y1f5f ff5d fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2025 </div></td><td class=\"c x24d y2873 wbf hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2873 wc0 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x246 y2873 wc0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2874 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2874 w20 h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ac ff68 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y2874 w20 h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2874 w1f h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2874 w1f h9d\"><div class=\"t m1 x1c4 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2874 w20 h9d\"><div class=\"t m1 x67 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2875 w39 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,690<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">1,800<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">4,<span class=\"ls17d\">330</span> </div></td><td class=\"c x250 y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,090<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,620<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2875 w20 h9e\"><div class=\"t m1 x1ba h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,800<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2876 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(520)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2876 w20 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,410)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2876 w20 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2876 w1f h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2876 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">410<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(410)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"gsea\"><table class=\"s wc1 hf4\" id=\"_18401ff8-30e9-4e78-b6f3-454e42574482\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2877 w3a hae\"><div class=\"t m1 x1ce h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2877 w3a hae\"><div class=\"t m1 xef h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x251 y2871 wc2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2871 wc3 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x234 y2871 wc3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y285d w39 ha9\"><div class=\"t m1 x1b8 h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2024 </div></td><td class=\"c x252 y2873 wc4 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x253 y2873 wc5 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x254 y2873 wc5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y270f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls197 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y270f w20 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y270f w20 h9e\"><div class=\"t m1 xe9 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y270f w1f h9e\"><div class=\"t m1 x1ca h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y270f w1f h9e\"><div class=\"t m1 xc4 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y270f w20 h9e\"><div class=\"t m1 x1c8 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2878 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,680<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2878 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">1,690<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,340<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2878 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,100<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2878 w1f h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,650<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2878 w20 h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,790<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y285f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(540)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y285f w20 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2,530)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y285f w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y285f w1f h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y285f w1f h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls197 ws0\">430<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(430)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gseb\">Note: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gsec\">1 <span class=\"_ _169\"> </span>Stressed by 10%, as opposed to the point of impairment, given an impairment scenario is not reasonably foreseeable.<span class=\"_ _1bd\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls198 ws0 gsed\">Impairment of a<span class=\"_ _0\"></span>cquired intang<span class=\"_ _0\"></span>ibles<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls180 ws0 gsee\">During the year,<span class=\"_ _4\"></span> the acquired i<span class=\"_ _4\"></span>ntangible relati<span class=\"_ _4\"></span>ng to the Varagon b<span class=\"_ _4\"></span>rand with a carryi<span class=\"_ _4\"></span>ng value of $5 mi<span class=\"_ _4\"></span>llion was full<span class=\"_ _4\"></span>y impaired<span class=\"ls0\"> <span class=\"ls186\">following the </span></span></div><div class=\"t m1 ha4 ff59 fs2e fcb sc0 ls18c ws0 gsef\">retirement of the brand in the ye<span class=\"_ _0\"></span>ar.<span class=\"ff60 fs2f ls0\"> </span></div><div class=\"gsdd\"><table class=\"s wfc h104\" id=\"_5c35b9be-914b-44a2-9015-a9df0e29a880\"><tr><td></td><td class=\"c x1e6 y294e w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y294e w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y294f w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y294f w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2950 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2950 w1f h9d\"><div class=\"t m1 x1bd h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">192<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2950 w20 h9d\"><div class=\"t m1 x2b h9b y209b ff59 fs2e fcb sc0 ls17c ws0\">172<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2951 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2951 w1f h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2951 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2952 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2952 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2952 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(8)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2953 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2953 w1f h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">215<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2953 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">192<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2954 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion at beginning o<span class=\"_ _4\"></span>f the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2954 w1f h9d\"><div class=\"t m1 x4 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(135)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2954 w20 h9d\"><div class=\"t m1 x16f h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(118)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2955 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2955 w1f h9e\"><div class=\"t m1 x189 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(28)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2955 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(25)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2956 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2956 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y2956 w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr><tr><td class=\"c x1eb y2957 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion at end of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2957 w1f h9d\"><div class=\"t m1 x4 h9b y1f29 ff5b fs2e fcb sc0 ls186 ws0\">(158)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2957 w20 h9d\"><div class=\"t m1 x75 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(135)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2958 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2958 w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2958 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">54<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2959 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2959 w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2959 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "<table class=\"s wa9 hf1\" id=\"_5f3e30b5-dfc8-4998-a094-a192f8ab71da\"><tr><td></td><td></td><td class=\"c x237 y284f w35 hae\"><div class=\"t m1 x115 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td></td><td class=\"c x238 y284f w36 hae\"><div class=\"t m1 x98 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x239 y2850 waa hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23a y2850 wab hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23b y2851 wac hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2851 wad hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23d y2852 wae hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2852 waf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y2853 w34 hb3\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x237 y2853 w37 hb3\"><div class=\"t m1 x1cc h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x23e y2853 w38 hb3\"><div class=\"t m1 x1c2 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x23f y2854 wb0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x240 y2853 w37 hb3\"><div class=\"t m1 x1ba h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x238 y2853 w38 hb3\"><div class=\"t m1 xe9 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x241 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x242 y2854 wb1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x243 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2855 w34 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3,532<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2855 w38 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2855 w37 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2856 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2856 w38 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y2856 w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2857 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2857 w37 h9e\"><div class=\"t m1 xe9 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">2,<span class=\"ls181\">480</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x23e y2857 w38 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">1,008<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2857 w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2857 w37 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">3,591<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2857 w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2857 w37 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2858 wb2 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and<span class=\"ls0\"> <span class=\"ls185\">impairment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2833 wb3 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18e ws0\">at<span class=\"ls0\"> <span class=\"ls17f\">beginning of the year<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x237 y2859 w37 ha2\"><div class=\"t m1 x1cc h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2859 w38 ha2\"><div class=\"t m1 x1b7 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2859 w38 ha2\"><div class=\"t m1 x1be h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2859 w37 ha2\"><div class=\"t m1 x1c6 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(2,780)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2859 w38 ha2\"><div class=\"t m1 x1c1 h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(824)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2859 w37 ha2\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(96)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(2,756)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285a w34 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285a w37 h9e\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285a w38 h9e\"><div class=\"t m1 x1c3 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285a w38 h9e\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285a w37 h9e\"><div class=\"t m1 x1be h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285a w38 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285a w37 h9e\"><div class=\"t m1 x16f h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(24)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285b w34 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Impairment<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x244 y285b w38 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285b w37 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x20f y285c wb4 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and impairment<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2838 wb5 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17f ws0\">at<span class=\"ls0\"> </span>end of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x237 y285d w37 ha3\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285d w38 ha3\"><div class=\"t m1 x1c0 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(858)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(103)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285d w37 ha3\"><div class=\"t m1 x1ce h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(2,797)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285d w38 ha3\"><div class=\"t m1 x1ca h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285d w37 ha3\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285d w38 ha3\"><div class=\"t m1 xe9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(2,780)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at <span class=\"ls17f\">beginning of<span class=\"ls0\"> <span class=\"ls186\">the year</span></span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y285e w37 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285e w38 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x240 y285e w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">752<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285e w37 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x243 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">776<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285f w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285f w37 h9e\"><div class=\"t m1 xef h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">644<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285f w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285f w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y285f w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">794<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285f w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x243 y285f w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">752<span class=\"ls0\"> </span></div></td></tr></table>Goodwill impair<span class=\"_ _4\"></span>ment assumptions<span class=\"ls0\"> </span><table class=\"s wb6 hf2\" id=\"_34052d24-dd97-4463-8497-a7a21c326d52\"><tr><td></td><td class=\"c x246 y2860 wb7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Pre-tax<span class=\"_ _1bd\"> </span></div></td><td class=\"c x247 y2860 wb8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Assumptions<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2861 w29 ha9\"><div class=\"t m1 x1b8 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">Key assumptions at 31 December 2025 and 31 December 2024 </div></td><td class=\"c x22f y2862 wb9 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">equivalent<span class=\"_ _1bd\"> </span></div></td><td class=\"c x249 y2862 wba hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">adopted</div><div class=\"t m1 x248 hb4 y2863 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2864 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Compound average annuali<span class=\"_ _4\"></span>sed growth in AUM (ov<span class=\"_ _4\"></span>er three years)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1ed y2864 w20 h9e\"><div class=\"t m1 x2b h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2865 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2866 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2866 w1f h9e\"><div class=\"t m1 x16f h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">14%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2866 w20 h9e\"><div class=\"t m1 x189 h9b y1f71 ff5b fs2e fcb sc0 ls17b ws0\">11%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2867 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2867 w1f h9d\"><div class=\"t m1 x75 h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">22%<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2867 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">17%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2868 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls183 ws0\">Terminal value (mid<span class=\"ls0\">-<span class=\"ls184\">point of range <span class=\"_ _4\"></span>of historical multipl<span class=\"_ _4\"></span>es</span></span><span class=\"ls0\"><span class=\"ls184\">)<span class=\"ls0\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2869 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17a\">Management fee ea<span class=\"_ _4\"></span>rnings</span><span class=\"ff59 ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y2869 w20 h9d\"><div class=\"t m1 x1be h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">13.0x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls17d\">Performance fee earnings</span><span class=\"ff59 ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286a w20 h9d\"><div class=\"t m1 x4 h9b y1f77 ff5b fs2e fcb sc0 ls17d ws0\">5.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286b w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff66 fs2e fcb sc0 ls0 ws0\">\u2013<span class=\"ff61\"> <span class=\"_ _1\"> </span><span class=\"ff59 ls198\">Implied term<span class=\"_ _0\"></span>inal growth rate</span><span class=\"ff59 ls198\"><span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span></div></td><td></td><td class=\"c x1ed y286b w20 h9e\"><div class=\"t m1 x2b h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">3%<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Earnings discount rate assumptions are presented post-tax. Earnings multiples are applied to the forward year. Goodwill impair<span class=\"_ _4\"></span>ment and sensitivi<span class=\"_ _4\"></span>ty analyses<span class=\"ls0\"> </span>Details of t<span class=\"_ _4\"></span>he valuations are <span class=\"_ _4\"></span>provided below, i<span class=\"_ _4\"></span>ncluding sensiti<span class=\"_ _4\"></span>vity tables whi<span class=\"_ _4\"></span>ch show scenarios wher<span class=\"_ _4\"></span><span class=\"ls188\">eby the key assumptions are changed </span>to<span class=\"ls0\"> <span class=\"ls199\">stressed assumptions, indicating the modelled headroom or impairment that would result. We have considered reasonably foresee<span class=\"ls18e\">able </span></span></span>changes in the compound average annualised growth in AUM forecast as<span class=\"_ _4\"></span>sumption, stressing<span class=\"ls0\"> <span class=\"ls186\">this by 2% and the lower of <span class=\"ls17c\">10% or to the po<span class=\"_ _0\"></span>int </span></span></span>at which impairment would arise. Each assumption, or<span class=\"_ _4\"></span> set of assumptions, is stressed <span class=\"_ _4\"></span>in isolation. The results of <span class=\"_ _4\"></span>these sensi<span class=\"ls186\">tivities make no </span>allowance for mitigating actions that<span class=\"_ _4\"></span> management would take if such market conditions persist<span class=\"_ _4\"></span>ed.<span class=\"ls0\"> </span><table class=\"s wbb hed\" id=\"_a04c14c4-2801-42cb-96da-eb39ee1728c6\"><tr><td></td><td class=\"c x1e6 y2823 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2823 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2824 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2824 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y286c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18f ws0\">Value in use<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286c w1f h9d\"><div class=\"t m1 x1b9 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">5,120<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286c w20 h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">5,090<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls188 ws0\">Less:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y286e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Carrying value of<span class=\"_ _4\"></span> CGUs<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286e w1f h9e\"><div class=\"t m1 x4 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(910)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286e w20 h9e\"><div class=\"t m1 x4 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(870)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y286f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls189 ws0\">Headroom<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y286f w1f h9e\"><div class=\"t m1 x1b9 h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y286f w20 h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wbc hf3\" id=\"_777e8571-a3fb-4cea-93c9-68e4174b27ca\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2870 w3a hae\"><div class=\"t m1 x1c6 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2870 w3a hae\"><div class=\"t m1 x1b7 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x24a y2871 wbd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24b y2871 wbe hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24c y2871 wbe hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2872 w39 h9c\"><div class=\"t m1 x1b8 h42 y1f5f ff5d fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2025 </div></td><td class=\"c x24d y2873 wbf hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2873 wc0 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x246 y2873 wc0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2874 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2874 w20 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2874 w20 h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ac ff68 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y2874 w20 h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2874 w1f h9d\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2874 w1f h9d\"><div class=\"t m1 x1c4 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2874 w20 h9d\"><div class=\"t m1 x67 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2875 w39 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,210<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,690<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2875 w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">1,800<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2875 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">4,<span class=\"ls17d\">330</span> </div></td><td class=\"c x250 y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,090<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2875 w1f h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">4,620<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2875 w20 h9e\"><div class=\"t m1 x1ba h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">3,800<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2876 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(520)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2876 w20 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,410)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2876 w20 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2876 w1f h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2876 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">410<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2876 w20 h9d\"><div class=\"t m1 xdc h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(410)<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wc1 hf4\" id=\"_18401ff8-30e9-4e78-b6f3-454e42574482\"><tr><td></td><td></td><td></td><td></td><td class=\"c x232 y2877 w3a hae\"><div class=\"t m1 x1ce h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Discount rates (post-tax) </div></td><td></td><td></td><td class=\"c x1ec y2877 w3a hae\"><div class=\"t m1 xef h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Multiples (post-tax) </div></td></tr><tr><td></td><td></td><td class=\"c x251 y2871 wc2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Compound average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x24e y2871 wc3 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x234 y2871 wc3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Management fee/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y285d w39 ha9\"><div class=\"t m1 x1b8 h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">Sensitivity analysis at 31 December 2024 </div></td><td class=\"c x252 y2873 wc4 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">annualised growth in AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x253 y2873 wc5 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x254 y2873 wc5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">performance fee<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y270f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">Key assumption stressed to:<span class=\"ls0\"> </span></div></td><td class=\"c x24f y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">6%<span class=\"ls0\"> </span></div></td><td class=\"c x22a y270f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls197 ws0\">4%<span class=\"ls0\"> </span></div></td><td class=\"c x235 y270f w20 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(4)%<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1e h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x232 y270f w20 h9e\"><div class=\"t m1 xe9 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">10%/16%<span class=\"ls0\"> </span></div></td><td class=\"c x250 y270f w1f h9e\"><div class=\"t m1 x1ca h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12%/18%<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y270f w1f h9e\"><div class=\"t m1 xc4 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">14.0x/6.5x<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y270f w20 h9e\"><div class=\"t m1 x1c8 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12.0x/4.5x<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2878 w39 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Modelled hea<span class=\"_ _4\"></span>droom ($m)<span class=\"ls0\"> </span></div></td><td class=\"c x24f y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,220<span class=\"ls0\"> </span></div></td><td class=\"c x22a y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,680<span class=\"ls0\"> </span></div></td><td class=\"c x235 y2878 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">1,690<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2878 w20 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,340<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2878 w1f h9d\"><div class=\"t m1 x1c3 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,100<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2878 w1f h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls197 ws0\">4,650<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2878 w20 h9d\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,790<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y285f w39 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Increase/(redu<span class=\"_ _0\"></span>ction) in value in<span class=\"_ _0\"></span> use ($m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x22a y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(540)<span class=\"ls0\"> </span></div></td><td class=\"c x235 y285f w20 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2,530)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y285f w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x250 y285f w1f h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(120)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y285f w1f h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls197 ws0\">430<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y285f w20 h9e\"><div class=\"t m1 x4 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(430)<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Stressed by 10%, as opposed to the point of impairment, given an impairment scenario is not reasonably foreseeable.<span class=\"_ _1bd\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "<table class=\"s wa9 hf1\" id=\"_5f3e30b5-dfc8-4998-a094-a192f8ab71da\"><tr><td></td><td></td><td class=\"c x237 y284f w35 hae\"><div class=\"t m1 x115 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td></td><td class=\"c x238 y284f w36 hae\"><div class=\"t m1 x98 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x239 y2850 waa hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23a y2850 wab hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Brand<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23b y2851 wac hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2851 wad hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">names and<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x23d y2852 wae hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td class=\"c x23c y2852 waf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">distribution<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y2853 w34 hb3\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x237 y2853 w37 hb3\"><div class=\"t m1 x1cc h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x23e y2853 w38 hb3\"><div class=\"t m1 x1c2 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x23f y2854 wb0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x240 y2853 w37 hb3\"><div class=\"t m1 x1ba h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x238 y2853 w38 hb3\"><div class=\"t m1 xe9 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Goodwill </div></td><td class=\"c x241 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">IMAs  </div></td><td class=\"c x242 y2854 wb1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">channels<span class=\"_ _1bd\"> </span></div></td><td class=\"c x243 y2853 w38 hb3\"><div class=\"t m1 x1be h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2855 w34 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2855 w38 h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2855 w37 h9d\"><div class=\"t m1 x1ca h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">3,532<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2855 w38 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2855 w37 h9d\"><div class=\"t m1 x1be h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2855 w38 h9d\"><div class=\"t m1 x1c0 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2856 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2856 w38 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y2856 w37 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">59<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y2856 w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y2856 w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2857 w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x237 y2857 w37 h9e\"><div class=\"t m1 xe9 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">2,<span class=\"ls181\">480</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x23e y2857 w38 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">1,008<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2857 w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2857 w37 h9e\"><div class=\"t m1 x1c5 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">3,591<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,455<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2857 w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">974<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2857 w37 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">103<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2857 w38 h9e\"><div class=\"t m1 x1c0 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">3,532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2858 wb2 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and<span class=\"ls0\"> <span class=\"ls185\">impairment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2833 wb3 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18e ws0\">at<span class=\"ls0\"> <span class=\"ls17f\">beginning of the year<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x237 y2859 w37 ha2\"><div class=\"t m1 x1cc h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y2859 w38 ha2\"><div class=\"t m1 x1b7 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y2859 w38 ha2\"><div class=\"t m1 x1be h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y2859 w37 ha2\"><div class=\"t m1 x1c6 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(2,780)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y2859 w38 ha2\"><div class=\"t m1 x1c1 h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(824)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y2859 w37 ha2\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(96)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y2859 w38 ha2\"><div class=\"t m1 x1ca h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(2,756)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285a w34 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285a w37 h9e\"><div class=\"t m1 x189 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285a w38 h9e\"><div class=\"t m1 x1c3 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285a w38 h9e\"><div class=\"t m1 x75 h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285a w37 h9e\"><div class=\"t m1 x1be h9b y1f43 ff5b fs2e fcb sc0 ls186 ws0\">(12)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285a w38 h9e\"><div class=\"t m1 x1bd h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(23)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285a w37 h9e\"><div class=\"t m1 x16f h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285a w38 h9e\"><div class=\"t m1 x1b9 h9b y1f43 ff59 fs2e fcb sc0 ls187 ws0\">(24)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285b w34 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Impairment<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x23e y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x244 y285b w38 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285b w37 h9d\"><div class=\"t m1 x4 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x241 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x245 y285b w37 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x243 y285b w38 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x20f y285c wb4 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion and impairment<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2838 wb5 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17f ws0\">at<span class=\"ls0\"> </span>end of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x237 y285d w37 ha3\"><div class=\"t m1 x1cc h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285d w38 ha3\"><div class=\"t m1 x1c0 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(858)<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(103)<span class=\"ls0\"> </span></div></td><td class=\"c x240 y285d w37 ha3\"><div class=\"t m1 x1ce h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(2,797)<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285d w38 ha3\"><div class=\"t m1 x1ca h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1,836)<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285d w38 ha3\"><div class=\"t m1 x1c1 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(847)<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285d w37 ha3\"><div class=\"t m1 x1b9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(97)<span class=\"ls0\"> </span></div></td><td class=\"c x243 y285d w38 ha3\"><div class=\"t m1 xe9 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(2,780)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at <span class=\"ls17f\">beginning of<span class=\"ls0\"> <span class=\"ls186\">the year</span></span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x237 y285e w37 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285e w38 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x240 y285e w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">752<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285e w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285e w37 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x243 y285e w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">776<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285f w34 h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x237 y285f w37 h9e\"><div class=\"t m1 xef h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">644<span class=\"ls0\"> </span></div></td><td class=\"c x23e y285f w38 h9e\"><div class=\"t m1 x1c2 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">150<span class=\"ls0\"> </span></div></td><td class=\"c x244 y285f w38 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x240 y285f w37 h9e\"><div class=\"t m1 x1ba h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">794<span class=\"ls0\"> </span></div></td><td class=\"c x238 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">619<span class=\"ls0\"> </span></div></td><td class=\"c x241 y285f w38 h9e\"><div class=\"t m1 x1b9 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">127<span class=\"ls0\"> </span></div></td><td class=\"c x245 y285f w37 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x243 y285f w38 h9e\"><div class=\"t m1 x1be h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">752<span class=\"ls0\"> </span></div></td></tr></table>Impairment of a<span class=\"_ _0\"></span>cquired intang<span class=\"_ _0\"></span>ibles<span class=\"ls0\"> </span>During the year,<span class=\"_ _4\"></span> the acquired i<span class=\"_ _4\"></span>ntangible relati<span class=\"_ _4\"></span>ng to the Varagon b<span class=\"_ _4\"></span>rand with a carryi<span class=\"_ _4\"></span>ng value of $5 mi<span class=\"_ _4\"></span>llion was full<span class=\"_ _4\"></span>y impaired<span class=\"ls0\"> <span class=\"ls186\">following the </span></span>retirement of the brand in the ye<span class=\"_ _0\"></span>ar.<span class=\"ff60 fs2f ls0\"> </span><table class=\"s wfc h104\" id=\"_5c35b9be-914b-44a2-9015-a9df0e29a880\"><tr><td></td><td class=\"c x1e6 y294e w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y294e w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y294f w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y294f w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2950 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2950 w1f h9d\"><div class=\"t m1 x1bd h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">192<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2950 w20 h9d\"><div class=\"t m1 x2b h9b y209b ff59 fs2e fcb sc0 ls17c ws0\">172<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2951 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2951 w1f h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2951 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2952 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2952 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2952 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(8)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2953 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2953 w1f h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">215<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2953 w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">192<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2954 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion at beginning o<span class=\"_ _4\"></span>f the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2954 w1f h9d\"><div class=\"t m1 x4 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(135)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2954 w20 h9d\"><div class=\"t m1 x16f h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(118)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2955 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Amortisation<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2955 w1f h9e\"><div class=\"t m1 x189 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(28)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2955 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(25)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2956 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2956 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y2956 w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr><tr><td class=\"c x1eb y2957 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">Accumulated amortisat<span class=\"_ _4\"></span>ion at end of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2957 w1f h9d\"><div class=\"t m1 x4 h9b y1f29 ff5b fs2e fcb sc0 ls186 ws0\">(158)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2957 w20 h9d\"><div class=\"t m1 x75 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(135)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2958 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2958 w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2958 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">54<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2959 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2959 w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2959 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls19d ws0 gsf1\">10. A<span class=\"ls0\">c<span class=\"ls1a9\">quisitions</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gsf2\">On <span class=\"ls17c\">1 October 2025<span class=\"ls190\">, Man Grou<span class=\"_ _0\"></span>p acquired 10<span class=\"_ _0\"></span>0% of the equ<span class=\"_ _0\"></span>ity<span class=\"ls0\"> <span class=\"ls185\">in <span class=\"ls181\">Bardin Hill</span></span> <span class=\"ls186\">for consideration of </span>$<span class=\"ls17e\">81</span> <span class=\"ls19b\">million</span> <span class=\"ls18e\">comprising cash</span> <span class=\"ls18e\">and <span class=\"ls188\">esti<span class=\"_ _4\"></span>mated </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gsf3\">contingent consideration of <span class=\"ls0\">$47 <span class=\"ls19b\">millio<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls18e\">and </span>$<span class=\"ls17f\">34</span> </span>million<span class=\"ls0\"> <span class=\"ls18c\">respectively<span class=\"ls190\">. <span class=\"ls181\">Bardin Hill <span class=\"_ _4\"></span>is an opportunist<span class=\"_ _4\"></span>ic and performing cr<span class=\"_ _4\"></span>edit manager with </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gsf4\">significant expertise in managing credit strategies and a sophisticated global client base i<span class=\"_ _4\"></span>ncluding pension funds, endowments, foundations, </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gsf5\">insurance com<span class=\"_ _0\"></span>panies and<span class=\"_ _0\"></span> consultants. <span class=\"_ _0\"></span><span class=\"ls183\">The interes<span class=\"ls186\">ts acquired include <span class=\"ls17c\">100% of the econom<span class=\"_ _0\"></span>ic interests in Bardin Hill, except for entitlements </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gsf6\">to the carried interest <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls18e\">certain funds, which remain with the sellers</span> <span class=\"ls18e\">and are therefore <span class=\"_ _4\"></span>recognised as carried interest <span class=\"ls184\">payable <span class=\"_ _4\"></span><span class=\"ls17a\">within trade<span class=\"_ _4\"></span> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gsf7\">and other payables in t<span class=\"ls184\">he consoli<span class=\"_ _4\"></span>dated balance sheet<span class=\"ls0\">. </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsf8\">The provisional values recognised <span class=\"_ _4\"></span>at the date of acquisition were <span class=\"_ _4\"></span>as follows:<span class=\"ls0\"> </span></div><div class=\"gsf9\"><table class=\"s wc6 hf5\" id=\"_a1e861f7-fea6-4341-86ce-5f31f232d21c\"><tr><td></td><td></td><td></td><td class=\"c x255 y2879 wc7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Fair value<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y287a w3c ha9\"><div class=\"t m1 x0 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"fcc\"> </span></div></td><td class=\"c x256 y287a w3d ha9\"><div class=\"t m1 x1c1 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x257 y287a w30 ha9\"><div class=\"t m1 x1ca h42 y209b ff5d fsd fcb sc0 ls0 ws0\">Book value </div></td><td class=\"c x258 y287b wc8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">adjustments<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y287a w30 ha9\"><div class=\"t m1 x1b7 h42 y209b ff5d fsd fcb sc0 ls0 ws0\">Fair value </div></td></tr><tr><td class=\"c x1f5 y287c w3c h9d\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x257 y287c w30 h9d\"><div class=\"t m1 x129 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x259 y287c w3e h9d\"><div class=\"t m1 x1cb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y287c w30 h9d\"><div class=\"t m1 x129 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">3<span class=\"fcc\"> </span></div></td></tr><tr><td class=\"c x1f5 y287d w3c h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x257 y287d w30 h9d\"><div class=\"t m1 x129 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x259 y287d w3e h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls188 ws0\">71<span class=\"ls0\"> </span></div></td><td class=\"c x226 y287d w30 h9d\"><div class=\"t m1 x3 h9b y1f3f ff5b fs2e fcb sc0 ls188 ws0\">77<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y287e w3c h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund <span class=\"ls184\">products and other investments</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x257 y287e w30 h9d\"><div class=\"t m1 x3 h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x259 y287e w3e h9d\"><div class=\"t m1 x1cb h9b y209b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y287e w30 h9d\"><div class=\"t m1 x3 h9b y209b ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y287f w3c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls188 ws0\">Leasehold improvements and equipment<span class=\"ls0\"> </span></div></td><td class=\"c x256 y287f w3d h9e\"><div class=\"t m1 x1c3 h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td><td class=\"c x257 y287f w30 h9e\"><div class=\"t m1 x129 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x259 y287f w3e h9e\"><div class=\"t m1 x1cb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y287f w30 h9e\"><div class=\"t m1 x129 h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y2880 w3c h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls188 ws0\">Leasehold property <span class=\"ls0\">\u2013 <span class=\"ls18c\">right</span>-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x256 y2880 w3d h9d\"><div class=\"t m1 x1ba h9b y1f73 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x257 y2880 w30 h9d\"><div class=\"t m1 x3 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x259 y2880 w3e h9d\"><div class=\"t m1 x1cb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y2880 w30 h9d\"><div class=\"t m1 x3 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"fcc ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2881 w3c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Acquired intangib<span class=\"_ _4\"></span>les<span class=\"ls0\"> </span></div></td><td class=\"c x256 y2881 w3d h9d\"><div class=\"t m1 x4 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x257 y2881 w30 h9d\"><div class=\"t m1 x1cb h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x259 y2881 w3e h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2881 w30 h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"fcc ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2882 w3c h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x256 y2882 w3d h9d\"><div class=\"t m1 x1b9 h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x257 y2882 w30 h9d\"><div class=\"t m1 x3 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(8)<span class=\"ls0\"> </span></div></td><td class=\"c x259 y2882 w3e h9d\"><div class=\"t m1 x2b h9b y1f77 ff5b fs2e fcb sc0 ls186 ws0\">(53)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2882 w30 h9d\"><div class=\"t m1 x1c7 h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17d\">61</span>) </div></td></tr><tr><td class=\"c x1f5 y2883 w3c h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x256 y2883 w3d h9e\"><div class=\"t m1 x1b9 h9b y1f76 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x257 y2883 w30 h9e\"><div class=\"t m1 x1c7 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td><td class=\"c x259 y2883 w3e h9e\"><div class=\"t m1 x1cb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y2883 w30 h9e\"><div class=\"t m1 x1c7 h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2884 w3c h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x256 y2884 w3d h9d\"><div class=\"t m1 x1ba h9b y1f29 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x257 y2884 w30 h9d\"><div class=\"t m1 x1c7 h9b y1f29 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x259 y2884 w3e h9d\"><div class=\"t m1 x1cb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y2884 w30 h9d\"><div class=\"t m1 x1c7 h9b y1f29 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2885 w3c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls182 ws0\">Net assets acqui<span class=\"_ _4\"></span>red<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x257 y2885 w30 h9e\"><div class=\"t m1 x129 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x259 y2885 w3e h9e\"><div class=\"t m1 x4b h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"fcc ls0\"> </span></div></td><td class=\"c x226 y2885 w30 h9e\"><div class=\"t m1 x4b h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">56<span class=\"fcc ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2886 w3c h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18b ws0\">Goodwill on acqui<span class=\"_ _4\"></span>sition<span class=\"ls0\"> </span></div></td><td class=\"c x256 y2886 w3d h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td><td></td><td></td><td class=\"c x226 y2886 w30 h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">25<span class=\"fcc\"> </span></div></td></tr><tr><td class=\"c x1f5 y2887 w3c h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls179 ws0\">Total consideration<span class=\"fcc ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x226 y2887 w30 h9d\"><div class=\"t m1 x3 h9b y1f29 ff5b fs2e fcb sc0 ls181 ws0\">81<span class=\"fcc ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2888 w3c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"fcc ls0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y27e0 w3c h9d\"><div class=\"t m1 x1bf h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Cash<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x226 y27e0 w30 h9d\"><div class=\"t m1 x4b h9b y1f2b ff5b fs2e fcb sc0 ls181 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2889 w3c h9e\"><div class=\"t m1 x1bf h9b y1f79 ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x226 y2889 w30 h9e\"><div class=\"t m1 x4b h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gsfa\">The acquisition<span class=\"ls0\">-<span class=\"ls17f\">date values presented have <span class=\"_ _4\"></span>been determined on a provisional<span class=\"_ _4\"></span> basis due to the proximity <span class=\"_ _4\"></span>of the acquisition date to <span class=\"_ _4\"></span>the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gsfb\">reporting<span class=\"ls0\"> <span class=\"ls17f\">date. </span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls197 ws0 gsfc\">$41 million of the <span class=\"_ _4\"></span>$47 million cash considerat<span class=\"_ _4\"></span>ion was paid at completion, <span class=\"_ _4\"></span>with $6 million <span class=\"ls183\">outstandi<span class=\"_ _4\"></span>ng<span class=\"ls0\"> <span class=\"ls18e\">at 31 December 2025. Contingent </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gsfd\">consideration inclu<span class=\"ls17f\">des $18 mill<span class=\"_ _4\"></span>ion relating to the port<span class=\"_ _4\"></span>ion of the performance fees crystal<span class=\"_ _4\"></span>lising at 31 December 2025 which were ear<span class=\"_ _4\"></span>ned </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gsfe\">in<span class=\"ls0\"> <span class=\"ls186\">the</span> <span class=\"ls184\">pre</span>-<span class=\"ls18e\">acquisition period, and which are payable to the sel<span class=\"_ _4\"></span>lers in 2026. The remainder of the conti<span class=\"_ _4\"></span>ngent consideration payable for t<span class=\"ls184\">he </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gsff\">a<span class=\"ls18e\">cquisition relates to earnout payments which wil<span class=\"_ _4\"></span>l be paid in future years, the <span class=\"_ _4\"></span>value for which is based on future growth of <span class=\"_ _4\"></span>t<span class=\"ls184\">he business<span class=\"ls0\">. </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs100\">The<span class=\"ls0\"> <span class=\"ls188\">earnout payments are capped at $70 million</span>. </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gs101\">Fair value adjustments <span class=\"ls185\">include<span class=\"ls0\"> <span class=\"ls186\">the recognition of intangible assets co<span class=\"ls19b\">mprising </span></span></span>investment man<span class=\"_ _0\"></span>agement ag<span class=\"_ _0\"></span>reements<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls18e\">and related customer </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs102\">relationships<span class=\"ls190\">. These in<span class=\"_ _0\"></span>tangible asset<span class=\"_ _0\"></span>s are recognise<span class=\"_ _0\"></span>d at the presen<span class=\"_ _0\"></span>t value of the fu<span class=\"_ _0\"></span>ture cash flow<span class=\"_ _0\"></span>s expected to<span class=\"_ _0\"></span> be<span class=\"ls0\"> <span class=\"ls184\">generated and are </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs103\">amortised on a straight<span class=\"ls0\">-<span class=\"ls185\">line basis over their exp<span class=\"_ _0\"></span>ected usefu<span class=\"_ _0\"></span>l lives of <span class=\"ls17c\">11</span></span> </span>years<span class=\"ls190\">. No de<span class=\"_ _0\"></span>ferred tax liability<span class=\"_ _0\"></span> has been reco<span class=\"_ _0\"></span>gnised on acq<span class=\"_ _0\"></span>uisition </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs104\">as<span class=\"ls0\"> <span class=\"ls186\">the amortisation of intangible asse<span class=\"_ _0\"></span>ts is tax</span>-<span class=\"ls17f\">deductible in the US.</span>  </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs105\">Also included wi<span class=\"_ _4\"></span>thin fair value <span class=\"_ _4\"></span>adjustments are carr<span class=\"_ _4\"></span>ied interest rec<span class=\"_ _4\"></span>eivable and payable <span class=\"_ _4\"></span><span class=\"ls183\">of <span class=\"ls0\">$<span class=\"ls17f\">53</span> <span class=\"ls19b\">million</span> <span class=\"ls17a\">whic<span class=\"_ _4\"></span>h are requi<span class=\"_ _4\"></span>red to be re<span class=\"_ _4\"></span>cognised at </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs106\">fair value on the acquisition balance<span class=\"_ _0\"></span> sheet. The<span class=\"ls0\"> <span class=\"ls18c\">receivable</span> <span class=\"ls18c\">repre<span class=\"_ _0\"></span>sent</span>s </span>the fair value of <span class=\"ls17a\">Man Group\u2019s<span class=\"ls0\"> <span class=\"ls18e\">contractual right to recei<span class=\"_ _4\"></span>ve performance<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs107\">based fees (carried inter<span class=\"_ _4\"></span>est) from the underlying invest<span class=\"_ _4\"></span>ment funds. <span class=\"ls181\">A correspondi<span class=\"_ _4\"></span>ng liability of<span class=\"_ _4\"></span> $<span class=\"ls17f\">53 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on has bee<span class=\"_ _4\"></span>n recognis<span class=\"_ _4\"></span>ed, repre<span class=\"_ _4\"></span>senting </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs108\">the fair value of<span class=\"ls0\"> <span class=\"ls183\">our</span> <span class=\"ls183\">obligation to pay a portion of the car<span class=\"_ _4\"></span>ried intere<span class=\"ls199\">st to the sellers under the terms of the acquisiti<span class=\"_ _4\"></span>on agreement<span class=\"ls0\"> <span class=\"ls18e\">and the </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs109\">remainder to employees<span class=\"_ _0\"></span><span class=\"ls190\">. This liability repre<span class=\"_ _0\"></span>sents amou<span class=\"_ _0\"></span>nts that will bec<span class=\"_ _0\"></span>ome payable<span class=\"_ _0\"></span> as and when<span class=\"_ _0\"></span> the underlyin<span class=\"_ _0\"></span>g carried interes<span class=\"_ _0\"></span>t is realised </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs10a\">from the funds<span class=\"ls0\">. P<span class=\"ls18c\">re</span>-<span class=\"_ _0\"></span><span class=\"ls18e\">acquisition performance fe<span class=\"ls188\">es <span class=\"ls183\">of $18 mill<span class=\"_ _4\"></span>ion <span class=\"ls186\">that are due to the sellers on crystallisation a<span class=\"_ _0\"></span>re also included within fair value </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs10b\">adjustments.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs10c\">The <span class=\"ls184\">goodwill arising f<span class=\"_ _4\"></span>rom the acquisition represents<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">the value of the comb<span class=\"_ _0\"></span>ined workforce,</span> <span class=\"ls186\">the <span class=\"ls188\">enhancement of our <span class=\"ls18e\">credit platform by </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs10d\">adding<span class=\"ls0\"> <span class=\"ls183\">opportunistic and performing credit<span class=\"_ _4\"></span> strategies<span class=\"ls0\"> <span class=\"ls18e\">and the <span class=\"ls188\">expansion of our footpr<span class=\"_ _4\"></span>int in the US<span class=\"ls190\">. The goodwill is exp<span class=\"_ _0\"></span>ected to be fully<span class=\"_ _0\"></span><span class=\"ls0\">  </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs10e\">tax<span class=\"ls0\">-<span class=\"ls17f\">deductible.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs10f\">Acquisition cost<span class=\"_ _4\"></span>s of <span class=\"ls0\">$6 <span class=\"ls19b\">million,<span class=\"_ _4\"></span> primari<span class=\"_ _4\"></span>ly relat<span class=\"_ _4\"></span>ing to p<span class=\"_ _4\"></span>rofession<span class=\"_ _4\"></span>al fees,<span class=\"_ _4\"></span> are inc<span class=\"_ _4\"></span>luded wit<span class=\"_ _4\"></span>hin other<span class=\"_ _4\"></span> costs an<span class=\"_ _4\"></span>d do<span class=\"ls0\"> <span class=\"ls197\">not form part of <span class=\"_ _4\"></span>goodwill.<span class=\"ls0\"> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18f ws0 gs110\">Revenues and pre<span class=\"ls0\">-<span class=\"ls186\">tax profit for the <span class=\"ls181\">Bardin Hill<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls17f\">business from acquisition to 31 <span class=\"_ _4\"></span>December 202<span class=\"ls0\">5 <span class=\"ls17a\">were </span>$<span class=\"ls17c\">11</span> <span class=\"ls19b\">million <span class=\"_ _4\"></span>and <span class=\"ls0\">$<span class=\"ls18d\">2 </span></span>milli<span class=\"_ _4\"></span>on respec<span class=\"_ _4\"></span>tively.<span class=\"_ _4\"></span> </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs111\">If<span class=\"ls0\"> <span class=\"ls181\">Bardin Hill</span> <span class=\"ls184\">had been acqui<span class=\"_ _4\"></span>red at the beginning of the <span class=\"_ _4\"></span>year, <span class=\"ls186\">the<span class=\"ls0\"> </span>total revenue and pre<span class=\"ls0\">-</span>tax pro<span class=\"_ _0\"></span>fit for the year <span class=\"ls18e\">attributable to Bardin Hill <span class=\"ls17a\">wou<span class=\"_ _4\"></span>ld </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs112\">have been <span class=\"ls0\">$<span class=\"ls17f\">52 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on and <span class=\"ls0\">$<span class=\"ls18d\">23</span> </span>mill<span class=\"_ _4\"></span>ion respe<span class=\"_ _4\"></span>ctively<span class=\"ls0\">.</span></span></span></span><span class=\"ls0\"><span class=\"ls17f\"><span class=\"ls19b\"><span class=\"ls0\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Associates are en<span class=\"_ _4\"></span>tities in which <span class=\"_ _4\"></span>Man Group holds an i<span class=\"_ _4\"></span>nterest and over whi<span class=\"_ _4\"></span>ch we have <span class=\"ls199\">significant influence but not control. I<span class=\"_ _4\"></span>n assessing </span>significant influence, we consider our power to participate in the financial and operating poli<span class=\"_ _4\"></span>cy decisions of the investee t<span class=\"ls184\">hrough i<span class=\"_ _4\"></span>ts </span>voting or<span class=\"ls0\"> <span class=\"ls183\">other rights.</span> </span>Associates are ac<span class=\"_ _4\"></span>counted for using t<span class=\"_ _4\"></span>he <span class=\"ls188\">equity method. Under the equity method, <span class=\"_ _4\"></span>associates are carried at cost <span class=\"_ _4\"></span>plus our share of </span>cumulative post<span class=\"ls0\">-</span>acquisition movements in undistributed prof<span class=\"_ _4\"></span>its/losses. Gains and losses on <span class=\"_ _4\"></span>transactions between Man Group and our associates are eliminated to t<span class=\"_ _4\"></span>he exte<span class=\"ls197\">nt of our interests i<span class=\"_ _4\"></span>n these entities. An i<span class=\"_ _4\"></span>mpairment assessment of the carry<span class=\"_ _4\"></span>ing value of associates </span>is<span class=\"ls0\"> <span class=\"ls184\">performed annually or</span> <span class=\"ls17a\">whenever<span class=\"_ _4\"></span> events or c<span class=\"_ _4\"></span>hanges in ci<span class=\"_ _4\"></span>rcumstances i<span class=\"_ _4\"></span>ndicate th<span class=\"_ _4\"></span>at the carr<span class=\"_ _4\"></span>ying amount may<span class=\"_ _4\"></span> not be rec<span class=\"_ _4\"></span>overable, wi<span class=\"_ _4\"></span>th </span></span>any impairment recognise<span class=\"ls17f\">d in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Associates are en<span class=\"_ _4\"></span>tities in which <span class=\"_ _4\"></span>Man Group holds an i<span class=\"_ _4\"></span>nterest and over whi<span class=\"_ _4\"></span>ch we have <span class=\"ls199\">significant influence but not control. I<span class=\"_ _4\"></span>n assessing </span>significant influence, we consider our power to participate in the financial and operating poli<span class=\"_ _4\"></span>cy decisions of the investee t<span class=\"ls184\">hrough i<span class=\"_ _4\"></span>ts </span>voting or<span class=\"ls0\"> <span class=\"ls183\">other rights.</span> </span>Associates are ac<span class=\"_ _4\"></span>counted for using t<span class=\"_ _4\"></span>he <span class=\"ls188\">equity method. Under the equity method, <span class=\"_ _4\"></span>associates are carried at cost <span class=\"_ _4\"></span>plus our share of </span>cumulative post<span class=\"ls0\">-</span>acquisition movements in undistributed prof<span class=\"_ _4\"></span>its/losses. Gains and losses on <span class=\"_ _4\"></span>transactions between Man Group and our associates are eliminated to t<span class=\"_ _4\"></span>he exte<span class=\"ls197\">nt of our interests i<span class=\"_ _4\"></span>n these entities. An i<span class=\"_ _4\"></span>mpairment assessment of the carry<span class=\"_ _4\"></span>ing value of associates </span>is<span class=\"ls0\"> <span class=\"ls184\">performed annually or</span> <span class=\"ls17a\">whenever<span class=\"_ _4\"></span> events or c<span class=\"_ _4\"></span>hanges in ci<span class=\"_ _4\"></span>rcumstances i<span class=\"_ _4\"></span>ndicate th<span class=\"_ _4\"></span>at the carr<span class=\"_ _4\"></span>ying amount may<span class=\"_ _4\"></span> not be rec<span class=\"_ _4\"></span>overable, wi<span class=\"_ _4\"></span>th </span></span>any impairment recognise<span class=\"ls17f\">d in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated income statement</span>. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "<div class=\"gsdd\"><table class=\"s wc9 hf6\" id=\"_8be01039-f856-448f-8cdc-b22af1b9de39\"><tr><td></td><td class=\"c x1e6 y288a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y288a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y288b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y288b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y288c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288c w1f h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y288c w20 h9e\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Return of capital<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288d w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y288d w20 h9d\"><div class=\"t m1 x3 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls179 ws0\">Share of post<span class=\"ls0\">-<span class=\"ls186\">tax loss</span></span><span class=\"ls0\"><span class=\"ls186\"> </span> </span></div></td><td class=\"c x1ec y288e w1f h9e\"><div class=\"t m1 x4b h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y288e w20 h9e\"><div class=\"t m1 x4b h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288f w1f h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y288f w20 h9e\"><div class=\"t m1 x177 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "<table class=\"s wc9 hf6\" id=\"_8be01039-f856-448f-8cdc-b22af1b9de39\"><tr><td></td><td class=\"c x1e6 y288a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y288a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y288b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y288b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y288c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288c w1f h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y288c w20 h9e\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Return of capital<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288d w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y288d w20 h9d\"><div class=\"t m1 x3 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls179 ws0\">Share of post<span class=\"ls0\">-<span class=\"ls186\">tax loss</span></span><span class=\"ls0\"><span class=\"ls186\"> </span> </span></div></td><td class=\"c x1ec y288e w1f h9e\"><div class=\"t m1 x4b h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y288e w20 h9e\"><div class=\"t m1 x4b h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288f w1f h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y288f w20 h9e\"><div class=\"t m1 x177 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr></table>Our interest i<span class=\"_ _4\"></span>n and exposure to <span class=\"_ _4\"></span>unconsolidated str<span class=\"_ _4\"></span>uctured entities <span class=\"_ _4\"></span>is as follows:<span class=\"_ _4\"></span> <span class=\"ls0\"> </span><table class=\"s w130 hf7\" id=\"_7fbfae74-0370-4324-92f5-6cab5e5c0cac\"><tr><td></td><td></td><td class=\"c x2c5 y2890 w131 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Less infrastructure<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c6 y2890 w132 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x2c7 y2890 w133 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Fee<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2c8 y2a3f w134 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">mandates and<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c9 y2a3f w135 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">unconsolidated<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2ca y2a3f w136 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Fair value of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cb y2a3f w137 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">receivables<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cc y2a3f w138 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Maximum<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2cd y2a40 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ce y2a40 w139 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">consolidated<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cf y2a40 w13a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">structured<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2d0 y2a40 w13b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">investment<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d1 y2a40 w13c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">and accrued<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cc y2a40 w13d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">exposure<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2d2 y2a41 w13e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">AUM<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d4 y2a41 w13f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">fund entities</div><div class=\"t m1 x2d3 hb4 y2863 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d5 y2a41 w140 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">entities<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d6 y2a41 w141 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d7 y2a41 w142 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">held<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d8 y2a41 w143 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">income<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d9 y2a41 w144 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">to loss<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a42 w54 hcc\"><div class=\"t m1 x1b8 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x2da y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2db y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2dc y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2dd y2a43 w146 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">of funds<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2de y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2df y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e0 y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a44 w54 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff5b fs2e fcb sc0 ls193 ws0\">Alternative<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a45 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls181 ws0\">Absolute return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a45 w55 h9d\"><div class=\"t m1 x2b h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">42.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a45 w56 h9d\"><div class=\"t m1 x1b3 h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(0.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a45 w57 h9d\"><div class=\"t m1 x109 h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">41.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a45 w58 h9d\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">119<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a45 w58 h9d\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a45 w58 h9d\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">132<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a45 w58 h9d\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\">9</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a46 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls183 ws0\">Total return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a46 w55 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">46.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a46 w56 h9d\"><div class=\"t m1 xee h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">1.5</span>) </div></td><td class=\"c x2e3 y2a46 w57 h9d\"><div class=\"t m1 x109 h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">45.1<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a46 w58 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">131<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a46 w58 h9d\"><div class=\"t m1 xeb h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">74 </div></td><td class=\"c x2e6 y2a46 w58 h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">137<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a46 w58 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">211<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a47 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Multi<span class=\"ls0\">-<span class=\"ls19b\">manager</span></span><span class=\"ls0\"><span class=\"ls19b\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2e1 y2a47 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">14.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a47 w56 h9d\"><div class=\"t m1 x1b3 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(8.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a47 w57 h9d\"><div class=\"t m1 x137 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">5.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a47 w58 h9d\"><div class=\"t m1 xeb h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a47 w58 h9d\"><div class=\"t m1 x1d h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x2e6 y2a47 w58 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a47 w58 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">17<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a48 w54 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls17f ws0\">Long<span class=\"ls0\">-<span class=\"ls197\">only</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a49 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls179 ws0\">Systematic<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a49 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">76.2<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a49 w56 h9d\"><div class=\"t m1 xee h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a49 w57 h9d\"><div class=\"t m1 xee h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">76.1<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a49 w58 h9d\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">119<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a49 w58 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x2e6 y2a49 w58 h9d\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a49 w58 h9d\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">133<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4a w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Discretionary <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a4a w55 h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">47.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a4a w56 h9d\"><div class=\"t m1 xee h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a4a w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">47.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a4a w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a4a w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">27 </div></td><td class=\"c x2e6 y2a4a w58 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a4a w58 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">69<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4b w54 h9d\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls179 ws0\">Total <span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a4b w55 h9d\"><div class=\"t m1 x75 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">227.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a4b w56 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(10.9)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a4b w57 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">216.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">444<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a4b w58 h9d\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">247<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">452<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">699<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s w148 h118\" id=\"_88da5032-a052-4389-9dc6-373aecc95719\"><tr><td></td><td></td><td class=\"c x2e8 y2a4c w149 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Less infrastructure<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e9 y2a4c w14a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x2ea y2a4c w14b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Fee<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2eb y2a4d w14c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">mandates and<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ec y2a4d w14d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">unconsolidated<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2d0 y2a4d w14e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Fair value of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ed y2a4d w14f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">receivables<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ee y2a4d w150 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Maximum<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2ef y2844 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f0 y2844 w151 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">consolidated<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c6 y2844 w152 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">structured<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2f1 y2844 w153 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">investment<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f2 y2844 w12d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">and accrued<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f3 y2844 w154 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">exposure<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2d2 y2a4e w155 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">AUM<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f5 y2a4e w156 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">fund entities</div><div class=\"t m1 x2f4 hb4 y2863 ff6b fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f6 y2a4e w157 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">entities<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f7 y2a4e w158 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f8 y2a4e w159 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">held<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f9 y2a4e w15a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">income<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fa y2a4e w15b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">to loss<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4f w54 hcd\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td class=\"c x2cd y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fb y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fc y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d6 y2a50 w15d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">of funds<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fd y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fe y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ff y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a51 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff5b fs2e fcb sc0 ls193 ws0\">Alternative<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a52 w54 h9d\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls181 ws0\">Absolute return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a52 w55 h9d\"><div class=\"t m1 x1c7 h9b y1fa4 ff59 fs2e fcb sc0 ls197 ws0\">45.3<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a52 w56 h9d\"><div class=\"t m1 xee h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(0.5)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a52 w57 h9d\"><div class=\"t m1 x1b3 h9b y1fa4 ff59 fs2e fcb sc0 ls197 ws0\">44.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a52 w58 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">132<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a52 w58 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">122<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a52 w59 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a52 w58 h9d\"><div class=\"t m1 x24 h9b y1fa4 ff59 fs2e fcb sc0 ls18d ws0\">242<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a53 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls183 ws0\">Total return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a53 w55 h9d\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">41.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a53 w56 h9d\"><div class=\"t m1 x138 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a53 w57 h9d\"><div class=\"t m1 x109 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">39.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a53 w58 h9d\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">96<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a53 w58 h9d\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls17e ws0\">81<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a53 w59 h9d\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a53 w58 h9d\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">145<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a54 w54 hce\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls17a ws0\">Multi<span class=\"ls0\">-<span class=\"ls19b\">manager</span></span><span class=\"ls0\"><span class=\"ls19b\"><span class=\"_ _4\"></span> <span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2e1 y2a54 w55 hce\"><div class=\"t m1 x1bb h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">14.4<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a54 w56 hce\"><div class=\"t m1 x138 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(9.7)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a54 w57 hce\"><div class=\"t m1 x6 h9b y1f37 ff59 fs2e fcb sc0 ls197 ws0\">4.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a54 w58 hce\"><div class=\"t m1 x177 h9b y1f37 ff59 fs2e fcb sc0 ls197 ws0\">40<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a54 w58 hce\"><div class=\"t m1 x1d h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x2e6 y2a54 w59 hce\"><div class=\"t m1 x1d h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x300 y2a54 w58 hce\"><div class=\"t m1 x1e h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y2a55 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls17f ws0\">Long<span class=\"ls0\">-<span class=\"ls197\">only</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a56 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls179 ws0\">Systematic<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a56 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">38.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a56 w56 h9d\"><div class=\"t m1 x138 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a56 w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">38.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a56 w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">95<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a56 w58 h9d\"><div class=\"t m1 x1d h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x2e6 y2a56 w59 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">62<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a56 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">66<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a57 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Discretionary <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a57 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">28.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a57 w56 h9d\"><div class=\"t m1 xee h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(0.2)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a57 w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">28.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a57 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a57 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a57 w59 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a57 w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a58 w54 hce\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total <span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a58 w55 hce\"><div class=\"t m1 x189 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">168.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a58 w56 hce\"><div class=\"t m1 x1b3 h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(12.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a58 w57 hce\"><div class=\"t m1 x1e h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">156.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a58 w58 hce\"><div class=\"t m1 x1bb h9b y1f26 ff59 fs2e fcb sc0 ls197 ws0\">420<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a58 w58 hce\"><div class=\"t m1 x1bb h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">230<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a58 w59 hce\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">278<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a58 w58 hce\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">508<span class=\"ls0\"> </span></div></td></tr></table>Notes: 1 <span class=\"ls0\"> <span class=\"_ _33\"> </span></span>For infrastructure mandates where we do not act as investment manager or adviser, our role in directing investment activities<span class=\"ls0\"> </span>is diminished and therefore these are not considered structured<span class=\"ls0\"> </span>entities.<span class=\"ls0\"> </span>31<span class=\"ls1b6\">. Group inv<span class=\"_ _4\"></span>estments<span class=\"ls0\"> </span></span>Details of t<span class=\"_ _4\"></span>he Company\u2019s subsidia<span class=\"_ _4\"></span>ries are provided <span class=\"_ _4\"></span>below. The list<span class=\"_ _4\"></span> excludes consoli<span class=\"_ _4\"></span>dated structured ent<span class=\"_ _4\"></span>ities on the b<span class=\"_ _4\"></span>asis tha<span class=\"ls186\">t, although these </span>are consolidated for the purposes of<span class=\"_ _4\"></span> IFRS, they are not within the legal<span class=\"_ _4\"></span> ownership of Man Group. The country of o<span class=\"ls184\">peration i<span class=\"_ _4\"></span>s the same as the </span>country <span class=\"ls183\">of<span class=\"ls0\"> <span class=\"ls185\">incorporation an<span class=\"_ _0\"></span>d the year</span>-<span class=\"_ _0\"></span><span class=\"ls188\">end is 31 December, unless otherwise <span class=\"_ _4\"></span>stated. The effective Group inter<span class=\"_ _4\"></span>est represents both the </span></span></span>percentage held and voting r<span class=\"_ _4\"></span>ights of ordinary shares or<span class=\"_ _4\"></span> common stock (or the local equi<span class=\"_ _4\"></span>valent th<span class=\"ls188\">ereof), unless ot<span class=\"_ _4\"></span>herwise stated.<span class=\"ls0\"> </span></span>Parent company<span class=\"ls0\"> </span><table class=\"s w15f h119\" id=\"_6372fbef-15b3-46c3-9f92-888bc4a5003c\"><tr><td></td><td></td><td class=\"c x301 y2a32 w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a59 w5a h9c\"><div class=\"t m1 x0 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x302 y2a59 w5b h9c\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td class=\"c x303 y2a33 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27dc w5a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls17a ws0\">Man Group pl<span class=\"_ _4\"></span>c<span class=\"ls0\"> </span></div></td><td class=\"c x302 y27dc w5b h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier<span class=\"ls0\">, <span class=\"ls17e\">JE4 8PX</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 xef h9b y1f61 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td></tr></table>Subsidiaries<span class=\"ls0\"> </span><table class=\"s w162 h11a\" id=\"_a0bd1f5f-8fb2-4e02-a1c8-668b2991c4e5\"><tr><td></td><td></td><td></td><td class=\"c x304 y2a5a wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x285 y2a5a w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x305 y2a5a w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5b w5c ha9\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x306 y2a5b w5d ha9\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x307 y2a5c w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x308 y2a5c w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x309 y2a5c w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5d w5c h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Tr<span class=\"_ _4\"></span>easury Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a5d w5d h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a5d w5e h9e\"><div class=\"t m1 x1c5 h9b y1f79 ff59 fs2e fcb sc0 ls180 ws0\">Direct<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5d w1f h9e\"><div class=\"t m1 x1ba h9b y1f79 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5d w30 h9e\"><div class=\"t m1 x2b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5e w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">AHL Partners LLP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x28 haa y2473 ff64 fs31 fcb sc0 ls1c4 ws0\">1,2</div><div class=\"t m1 x115 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a5e w5d h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a5e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f26 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5e w1f h9d\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5e w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5f w5c h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls181 ws0\">ArcticDB Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a5f w5d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan <span class=\"ls188\">Lane, London, EC4R 3AD</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x30a y2a5f w5e h9d\"><div class=\"t m1 x1c6 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5f w1f h9d\"><div class=\"t m1 x24 h9b y1f7c ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5f w30 h9d\"><div class=\"t m1 x2b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a60 w5c h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Asteria Investment<span class=\"_ _4\"></span> Managers SA<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a60 w5d h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Rue de Lausanne 15, <span class=\"_ _4\"></span>1201 Geneva<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a60 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a60 w1f h9e\"><div class=\"t m1 x1c4 h9b y1f35 ff59 fs2e fcb sc0 ls179 ws0\">Switzerland<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a60 w30 h9e\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">51<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a61 w5c h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Ar<span class=\"_ _4\"></span>bitrage IC Management L<span class=\"_ _4\"></span>P<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x17d haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x120 h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a62 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a62 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a61 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a61 w1f h9d\"><div class=\"t m1 x24 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a61 w30 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a63 w5c h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Ar<span class=\"_ _4\"></span>bitrage UCITS Management <span class=\"_ _4\"></span>LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xb9 haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x9d h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a64 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a64 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a63 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a63 w1f h9e\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a63 w30 h9e\"><div class=\"t m1 x2b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a65 w5c h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill CLO <span class=\"_ _4\"></span>Equity Holdings LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x119 haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x1d5 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a66 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a66 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a65 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a65 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a65 w30 h9d\"><div class=\"t m1 x2b h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a67 w168 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Lon<span class=\"_ _4\"></span>g Duration Recoveries<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30b y2a67 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a67 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a68 w5e ha2\"><div class=\"t m1 x1c6 h9b y1faf ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a68 w1f ha2\"><div class=\"t m1 x24 h9b y1faf ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a68 w30 ha2\"><div class=\"t m1 x2b h9b y1faf ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a6a w169 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LP</div><div class=\"t m1 x30d haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a6b w5c ha2\"><div class=\"t m1 x0 h9b y1fa3 ff59 fs2e fcb sc0 ls18d ws0\">FA Sub 3 Limited<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a6c w16a hdd\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Luna Tower, Waterfront Drive, Road Town<span class=\"ls190\">,<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x30a y2a6b w5e ha2\"><div class=\"t m1 x1c6 h9b y1fa3 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a6b w1f ha2\"><div class=\"t m1 x1c7 h9b y1fa3 ff59 fs2e fcb sc0 ls181 ws0\">BVI<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a6b w30 ha2\"><div class=\"t m1 x2b h9b y1fa3 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a6d w16b hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">Tortola<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a6e w5c h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls18b ws0\">GLG Capital Management<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x171 haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x153 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a6f w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a6f w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a6e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a6e w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a6e w30 h9d\"><div class=\"t m1 x2b h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a70 w5c h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18b ws0\">GLG <span class=\"ls188\">LLC<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x16f haa y247a ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a71 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a71 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a70 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a70 w1f h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a70 w30 h9e\"><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a72 w5c h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a72 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a72 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a72 w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a72 w30 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a73 w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5c haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x9 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a73 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a73 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a73 w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a73 w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a74 w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18b ws0\">GPM Summit <span class=\"ls17d\">Point GP LLC<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x151 haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x13e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a75 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a75 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a74 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a74 w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">US </div></td><td class=\"c x226 y2a74 w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a76 w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls189 ws0\">Habitare Homes <span class=\"_ _4\"></span>2 Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a76 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a76 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a76 w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a76 w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a77 w5c h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls189 ws0\">Halcyon Loan A<span class=\"_ _4\"></span>dvisors A LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x152 haa y230f ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9c h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a78 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a78 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a77 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a77 w1f h9d\"><div class=\"t m1 x24 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a77 w30 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a79 w5c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls189 ws0\">Halcyon Loan I<span class=\"_ _4\"></span>nvestment Management <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d6 haa y2477 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9d h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a7a w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a7a w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a79 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a79 w1f h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a79 w30 h9e\"><div class=\"t m1 x2b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a7b w5c h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls189 ws0\">HLDR GP LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1b3 haa y2184 ff64 fs31 fcb sc0 ls1c1 ws0\">3,5</div><div class=\"t m1 x6 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a7c w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a7c w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a7b w5e h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a7b w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a7b w30 h9d\"><div class=\"t m1 x2b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a7d w5c ha2\"><div class=\"t m1 x0 h9b y1fad ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls181\">Asset Management (Cayman)<span class=\"_ _4\"></span> Limited<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x30b y2a7e w16c hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">PO Box 309, Ugland House,<span class=\"_ _4\"></span> South Church Street,<span class=\"_ _4\"></span> George<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a7d w5e ha2\"><div class=\"t m1 x1c6 h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a7d w1f ha2\"><div class=\"t m1 x1c0 h9b y1fad ff59 fs2e fcb sc0 ls18a ws0\">Cayman<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a7d w30 ha2\"><div class=\"t m1 x2b h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a7f w16d hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">Town, Grand Cayman, KY1<span class=\"ls0\">-<span class=\"ls17c\">1104<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a80 w5c h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Asset Man<span class=\"_ _4\"></span>agement (Irel<span class=\"_ _4\"></span>and) Limite<span class=\"_ _4\"></span>d<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a80 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">70 Sir John Rogerson\u2019s Quay, Dublin 2<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a80 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a80 w1f h9e\"><div class=\"t m1 x1ba h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Ireland<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a80 w30 h9e\"><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a81 w5c h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Austral<span class=\"_ _4\"></span>ia GP L<span class=\"ls185\">imited</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x306 y2a81 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a81 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a81 w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a81 w30 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a82 w5c ha2\"><div class=\"t m1 x0 h9b y247d ff59 fs2e fcb sc0 ls17a ws0\">Man Austral<span class=\"_ _4\"></span>ia LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1b haa y247e ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x10a h9b y247d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a83 w16e hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Level <span class=\"ls197\">42, Governor Phill<span class=\"_ _4\"></span>ip Tower, 1 Farrer <span class=\"_ _4\"></span>Place,<span class=\"ls0\"> <span class=\"ls179\">Sydney,<span class=\"_ _1bd\"> </span></span></span></span></div></td><td class=\"c x30a y2a82 w5e ha2\"><div class=\"t m1 x1c6 h9b y247d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a82 w1f ha2\"><div class=\"t m1 x1ca h9b y247d ff59 fs2e fcb sc0 ls181 ws0\">Australia<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a82 w30 ha2\"><div class=\"t m1 x2b h9b y247d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a84 w16f hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls182 ws0\">NSW<span class=\"ls0\"> <span class=\"ls18d\">2000<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a85 w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Man (Europe)<span class=\"_ _4\"></span> AG<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a86 w170 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Austrasse 56, 949<span class=\"_ _4\"></span>0,<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30f y2a86 w171 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Vaduz<span class=\"_ _1bd\"> </span></div></td><td class=\"c x311 y2a86 w172 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x310 h9b y276f ff59 fs2e fcb sc0 ls1c5 ws0\">Liechtenstein<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y2a85 w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a87 w5c ha2\"><div class=\"t m1 x0 h9b y2468 ff59 fs2e fcb sc0 ls17a ws0\">Man Fund Manag<span class=\"_ _4\"></span>ement Netherla<span class=\"_ _4\"></span>nds BV<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a88 w173 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Beurs <span class=\"ls0\">\u2013 <span class=\"ls19f\">World Tra<span class=\"_ _4\"></span>de Center, <span class=\"_ _4\"></span>Beursplein <span class=\"_ _4\"></span>37,<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x30a y2a87 w5e ha2\"><div class=\"t m1 x1c6 h9b y2468 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a87 w1f ha2\"><div class=\"t m1 x67 h9b y2468 ff59 fs2e fcb sc0 ls182 ws0\">Netherlands<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a87 w30 ha2\"><div class=\"t m1 x2b h9b y2468 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a89 w174 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">3011<span class=\"_ _1bd\"> </span></div></td><td class=\"c x312 y2a89 w175 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">AA, Rotterdam<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a8a w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Fund Manag<span class=\"_ _4\"></span>ement UK Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a8a w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8a w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8a w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8a w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8b w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls18b\">Global Privat<span class=\"_ _4\"></span>e Markets (UK) Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x306 y2a8b w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8b w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8b w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8b w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8c w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man Global <span class=\"_ _4\"></span>Private Mar<span class=\"_ _4\"></span>kets (USA) I<span class=\"_ _4\"></span>nc. <span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a8d w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a8d w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a8c w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8c w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8c w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8e w5c h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Hol<span class=\"_ _4\"></span>dings Limit<span class=\"_ _4\"></span>ed<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x9e haa y230f ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 xea h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a8e w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank <span class=\"ls189\">House, <span class=\"_ _4\"></span>2 Swan Lane, Lond<span class=\"_ _4\"></span>on, EC4R 3AD</span><span class=\"ls189\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x30a y2a8e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8e w1f h9d\"><div class=\"t m1 x24 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8e w30 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8f w5c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls17a ws0\">Man Group In<span class=\"_ _4\"></span>vestments Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a8f w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8f w5e h9e\"><div class=\"t m1 x1c6 h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8f w1f h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8f w30 h9e\"><div class=\"t m1 x2b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a90 w5c h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls17a ws0\">Man Group Jap<span class=\"_ _4\"></span>an Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a90 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Level 3, Mill Court, La <span class=\"_ _4\"></span>Charroterie<span class=\"ls190\">, St Peter Port, GY1 6<span class=\"_ _0\"></span>JB</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x30a y2a90 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a90 w1f h9d\"><div class=\"t m1 x1cc h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Guernsey<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a90 w30 h9d\"><div class=\"t m1 x2b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a91 w5c h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a91 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a91 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f79 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a91 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a91 w30 h9e\"><div class=\"t m1 x2b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a92 w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Oper<span class=\"_ _4\"></span>ations Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a92 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a92 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f26 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a92 w1f h9d\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a92 w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a94 w176 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Group Par<span class=\"_ _4\"></span>tners LLP</div><div class=\"t m1 x313 haa y2a93 ff64 fs31 fcb sc0 ls1c4 ws0\">1,2<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x314 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Man<span class=\"_ _1bd\"> </span></div></td><td class=\"c x306 y2a95 w5d ha2\" colspan=\"2\"><div class=\"t m1 x0 h9b y2468 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan<span class=\"ls0\"> <span class=\"ls188\">Lane, London, EC4R 3AD</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a95 w5e ha2\"><div class=\"t m1 x1c6 h9b y2468 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a95 w1f ha2\"><div class=\"t m1 x24 h9b y2468 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a95 w30 ha2\"><div class=\"t m1 x2b h9b y2468 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a96 w177 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners LLP)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a97 w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Ser<span class=\"_ _4\"></span>vices Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a97 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a97 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a97 w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a97 w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a98 w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man Group UK <span class=\"_ _4\"></span>Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a98 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a98 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a98 w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a98 w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a99 w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group US Lending <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x13e haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a9a w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a9a w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a99 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a99 w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a99 w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a9b w178 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t Management (<span class=\"_ _4\"></span>Shanghai)<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x30b y2a9b w179 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18f ws0\">Room 1701A, 5 Corpora<span class=\"_ _4\"></span>te Avenue, 150 Hubin Roa<span class=\"_ _4\"></span>d,<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a9c w5e ha2\"><div class=\"t m1 x1c6 h9b y231c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a9c w1f ha2\"><div class=\"t m1 x1c3 h9b y231c ff59 fs2e fcb sc0 ls18a ws0\">China<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a9c w30 ha2\"><div class=\"t m1 x2b h9b y231c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a9d w17a hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18a ws0\">Co., Ltd<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x30e y2a9d w17b hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls189 ws0\">Huangpu Distric<span class=\"_ _4\"></span>t, 200021<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr></table><table class=\"s w17c h11b\" id=\"_846f1502-ccb8-4dc4-aabb-30241337b8b1\"><tr><td></td><td></td><td></td><td class=\"c x315 y2a9e wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x316 y2a9e w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x317 y2a9e w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a9f w36 h9c\"><div class=\"t m1 x1b8 h42 y1f26 ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x318 y2a9f w5f h9c\"><div class=\"t m1 x0 h42 y1f26 ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x319 y2aa0 w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31a y2aa0 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31b y2aa0 w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x20f y2aa1 w17d hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t Partners <span class=\"_ _4\"></span>(US) LP</div><div class=\"t m1 x31c haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aa1 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aa1 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aa2 w60 hb3\"><div class=\"t m1 xdc h9b y2488 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa2 w61 hb3\"><div class=\"t m1 x129 h9b y2488 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa2 w20 hb3\"><div class=\"t m1 x189 h9b y2488 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2aa3 w17e hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"ls0\"> <span class=\"ls181\">Bardin Hill Investment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2aa4 w17f hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">Partners<span class=\"ls0\"> <span class=\"ls188\">LP)<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aa5 w180 hdd\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) CN GP <span class=\"_ _4\"></span>LLC</div><div class=\"t m1 x320 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x321 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x322 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001 Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2e5 y2aa6 w60 ha2\"><div class=\"t m1 xdc h9b y247d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa6 w61 ha2\"><div class=\"t m1 x129 h9b y247d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa6 w20 ha2\"><div class=\"t m1 x189 h9b y247d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aa7 w181 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls189 ws0\">HCN GP LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aa8 w182 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Fund <span class=\"_ _4\"></span>GP <span class=\"ls188\">LLC</span></div><div class=\"t m1 x323 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aa8 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aa8 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aa9 w60 ha2\"><div class=\"t m1 xdc h9b y1fc0 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa9 w61 ha2\"><div class=\"t m1 x129 h9b y1fc0 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa9 w20 ha2\"><div class=\"t m1 x189 h9b y1fc0 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aaa w183 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Fund G<span class=\"_ _0\"></span>P LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aab w184 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) GP Ho<span class=\"_ _4\"></span>ldings LLC</div><div class=\"t m1 x324 haa y2a69 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">5<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x31d y2aab w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aab w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aac w60 ha3\"><div class=\"t m1 xdc h9b y1fbe ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aac w61 ha3\"><div class=\"t m1 x129 h9b y1fbe ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aac w20 ha3\"><div class=\"t m1 x189 h9b y1fbe ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aad w185 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill GP Hold<span class=\"_ _0\"></span>ings LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aae w186 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Loan <span class=\"_ _4\"></span>Advisors LP</div><div class=\"t m1 x325 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aae w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aae w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aaf w60 ha2\"><div class=\"t m1 xdc h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aaf w61 ha2\"><div class=\"t m1 x129 h9b y1fad ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aaf w20 ha2\"><div class=\"t m1 x189 h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab0 w187 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Loan Ad<span class=\"_ _0\"></span>visors LP)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab1 w188 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Loan <span class=\"_ _4\"></span>Management<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2ab1 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab1 w189 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 30<span class=\"ls18d\">2, Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ab2 w60 ha1\"><div class=\"t m1 xdc h9b y248d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ab2 w61 ha1\"><div class=\"t m1 x129 h9b y248d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ab2 w20 ha1\"><div class=\"t m1 x189 h9b y248d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab3 w18a hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">LLC</div><div class=\"t m1 x326 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x327 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Loan<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ab4 w18b hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab5 w18c hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Oppor<span class=\"_ _4\"></span>tunistic Cr<span class=\"_ _4\"></span>edit<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2ab5 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab5 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ab6 w60 ha1\"><div class=\"t m1 xdc h9b y2490 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ab6 w61 ha1\"><div class=\"t m1 x129 h9b y2490 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ab6 w20 ha1\"><div class=\"t m1 x189 h9b y2490 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab7 w18d hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18d ws0\">Fund II GP LLC</div><div class=\"t m1 x328 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x329 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ab8 w18e hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18b ws0\">Opportunistic Cr<span class=\"_ _4\"></span>edit Fund II GP <span class=\"_ _4\"></span>LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab9 w18f hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) <span class=\"ls17d\">Perfor<span class=\"_ _4\"></span>ming Credit<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x31d y2ab9 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab9 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aba w60 hcf\"><div class=\"t m1 xdc h9b y2492 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aba w61 hcf\"><div class=\"t m1 x129 h9b y2492 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aba w20 hcf\"><div class=\"t m1 x189 h9b y2492 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2abb w190 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32a haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32b h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2abc w191 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">Performing Credit <span class=\"_ _4\"></span>Management LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2abd w192 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Val<span class=\"_ _4\"></span>l\u00e9e Blanche <span class=\"_ _4\"></span>GP<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2abd w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2abd w193 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pi<span class=\"ls199\">ke, Suite 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2abe w60 ha1\"><div class=\"t m1 xdc h9b y2493 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2abe w61 ha1\"><div class=\"t m1 x129 h9b y2493 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2abe w20 ha1\"><div class=\"t m1 x189 h9b y2493 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2abf w194 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">LLC</div><div class=\"t m1 x326 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x327 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Halcyon Vall\u00e9e<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ac0 w195 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Blanche<span class=\"ls0\"> <span class=\"ls18b\">GP</span> <span class=\"ls188\">LLC)<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ac1 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts AG<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ac1 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls189 ws0\">Huobstrasse 3,<span class=\"_ _4\"></span> 8808 Pf\u00e4ffikon <span class=\"_ _4\"></span>SZ<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ac1 w60 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac1 w61 h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls179 ws0\">Switzerland<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac1 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac2 w36 ha2\"><div class=\"t m1 x1b8 h9b y1fad ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Australi<span class=\"_ _4\"></span>a Limited<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac3 w196 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Level <span class=\"ls197\">42, Governor Phill<span class=\"_ _4\"></span>ip Tower, 1 Farrer <span class=\"_ _4\"></span>Place,<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ac2 w60 ha2\"><div class=\"t m1 xdc h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac2 w61 ha2\"><div class=\"t m1 xef h9b y1fad ff59 fs2e fcb sc0 ls181 ws0\">Australia<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac2 w20 ha2\"><div class=\"t m1 x189 h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x32c y2ac4 w197 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Sydney, NSW 2000<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ac5 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Finance L<span class=\"_ _4\"></span>imited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ac5 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ac5 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac5 w61 h9e\"><div class=\"t m1 x1cb h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac5 w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Finance I<span class=\"_ _4\"></span>nc. <span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac7 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ac7 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ac6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac6 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Holdings <span class=\"_ _4\"></span>Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ac9 w198 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike,<span class=\"ls0\"> <span class=\"ls179\">Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x2e5 y2ac8 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac8 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac8 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2aca w36 ha2\"><div class=\"t m1 x1b8 h9b y2495 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts (Hong Kong)<span class=\"_ _4\"></span> Limited<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2acb w199 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Suite 1013<span class=\"ls0\">-<span class=\"ls17c\">15, 10<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x32d haa y2a93 ff64 fs31 fcb sc0 ls1c6 ws0\">th<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32e h9b y276f ff59 fs2e fcb sc0 ls18d ws0\">Floor, Two IFC, Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aca w60 ha2\"><div class=\"t m1 xdc h9b y2495 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aca w61 ha2\"><div class=\"t m1 x1ce h9b y2495 ff59 fs2e fcb sc0 ls189 ws0\">Hong Kong<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aca w20 ha2\"><div class=\"t m1 x189 h9b y2495 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x32c y2acc w19a hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17e ws0\">8 Finance Street<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2acd w36 h9d\"><div class=\"t m1 x1b8 h9b y1f7c ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2acd w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">15 North Mill Street, Nyack, NY 10960<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2acd w60 h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2acd w61 h9d\"><div class=\"t m1 x129 h9b y1f7c ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2acd w20 h9d\"><div class=\"t m1 x189 h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ace w36 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls198\">Investments Lim<span class=\"_ _0\"></span>ited</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ace w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ace w60 h9e\"><div class=\"t m1 xdc h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ace w61 h9e\"><div class=\"t m1 x1cb h9b y1f35 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ace w20 h9e\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2acf w36 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts SLP Holdi<span class=\"_ _4\"></span>ngs LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d8 haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 xec h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ad0 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad0 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2acf w60 h9d\"><div class=\"t m1 xdc h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2acf w61 h9d\"><div class=\"t m1 x129 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2acf w20 h9d\"><div class=\"t m1 x189 h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad1 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts (USA) Cor<span class=\"_ _4\"></span>p.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ad2 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad2 w193 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, <span class=\"ls19f\">Wilmingto<span class=\"_ _4\"></span>n DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ad1 w60 h9e\"><div class=\"t m1 xdc h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad1 w61 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad1 w20 h9e\"><div class=\"t m1 x189 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad3 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts USA Holdi<span class=\"_ _4\"></span>ngs Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ad4 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad4 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ad3 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad3 w61 h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad3 w20 h9d\"><div class=\"t m1 x189 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad5 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Property<span class=\"_ _4\"></span> Holdings Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad5 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad5 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad5 w61 h9e\"><div class=\"t m1 x4 h9b y1f3d ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad5 w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Soluti<span class=\"_ _4\"></span>ons Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad6 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad6 w61 h9d\"><div class=\"t m1 x1cb h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad7 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Soluti<span class=\"_ _4\"></span>ons LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x63 haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x115 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">  </div></td><td class=\"c x31d y2ad8 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad8 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ad7 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad7 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad7 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad9 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man Strategi<span class=\"_ _4\"></span>c Holdings <span class=\"_ _4\"></span>Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad9 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad9 w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad9 w61 h9e\"><div class=\"t m1 x1cb h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad9 w20 h9e\"><div class=\"t m1 x189 h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ada w36 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls183\">Times Square GP LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x151 haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x9e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2adb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2adb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ada w60 h9d\"><div class=\"t m1 xdc h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ada w61 h9d\"><div class=\"t m1 x129 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ada w20 h9d\"><div class=\"t m1 x1be h9b y1f45 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2adc w36 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls17a ws0\">Man Times Squ<span class=\"_ _4\"></span>are Holdings<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d9 haa y230f ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x19b h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2add w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2add w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2adc w60 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2adc w61 h9d\"><div class=\"t m1 x129 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2adc w20 h9d\"><div class=\"t m1 x1be h9b y1f47 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y230f ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ade w36 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17a ws0\">Man VCAP SLP <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x115 haa y2477 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">6</span></div><div class=\"t m1 x18 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2adf w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2adf w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ade w60 h9e\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ade w61 h9e\"><div class=\"t m1 x129 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ade w20 h9e\"><div class=\"t m1 x1c3 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">39.01<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2477 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x20f y2ae0 w19b hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Worldwid<span class=\"_ _4\"></span>e Operations<span class=\"_ _1bd\"> </span></div></td><td class=\"c x318 y2ae1 w5f ha2\" colspan=\"2\"><div class=\"t m1 x0 h9b y1fa3 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ae1 w60 ha2\"><div class=\"t m1 xdc h9b y1fa3 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae1 w61 ha2\"><div class=\"t m1 x4 h9b y1fa3 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae1 w20 ha2\"><div class=\"t m1 x189 h9b y1fa3 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ae2 w19c hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management Li<span class=\"_ _4\"></span>mited<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ae3 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17a ws0\">Mount Granit<span class=\"_ _4\"></span>e Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ae3 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls19f ws0\">Wickhams Cay<span class=\"_ _4\"></span>, PO Box 662,<span class=\"_ _4\"></span> Road Town, <span class=\"_ _4\"></span>Tortola<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ae3 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae3 w61 h9d\"><div class=\"t m1 xeb h9b y1f3b ff59 fs2e fcb sc0 ls181 ws0\">BVI<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae3 w20 h9d\"><div class=\"t m1 x189 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ae4 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">MVH Lending,<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x42 haa y247a ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x1da h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ae5 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x32f y2ae5 w19d hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">Kennett Pike, Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae4 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae4 w61 h9e\"><div class=\"t m1 x129 h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae4 w20 h9e\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247a ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ae6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">MVH Lending I<span class=\"_ _4\"></span>I, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x98 haa y20a6 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">6</span></div><div class=\"t m1 x16d h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ae7 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ae7 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae6 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae6 w20 h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ae8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls182 ws0\">Net Zero Energy S<span class=\"_ _4\"></span>FR GP Inc. <span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ae9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ae9 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae8 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae8 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae8 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2aea w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls182 ws0\">Numeric Investors<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1db haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x10e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2aeb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aeb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aea w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aea w61 h9e\"><div class=\"t m1 x129 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aea w20 h9e\"><div class=\"t m1 x189 h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2aec w19e hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Capital<span class=\"_ _4\"></span> Management LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x330 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x331 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aec w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aec w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aed w60 ha3\"><div class=\"t m1 xdc h9b y2288 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aed w61 ha3\"><div class=\"t m1 x129 h9b y2288 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aed w20 ha3\"><div class=\"t m1 x189 h9b y2288 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aee w19f hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Silvermine Capital <span class=\"_ _4\"></span>Management LL<span class=\"ls18a\">C)<span class=\"_ _1bd\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2aef w36 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Varagon<span class=\"ls0\"> <span class=\"ls18a\">Capital Partner<span class=\"_ _4\"></span>s Agent, LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 xec haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x11f h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af0 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af0 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aef w60 h9e\"><div class=\"t m1 xdc h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aef w61 h9e\"><div class=\"t m1 x129 h9b y1f35 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aef w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af1 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18f ws0\">Varagon Capital Par<span class=\"_ _4\"></span>tners, L.P.<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1dc haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">2,6</div><div class=\"t m1 x7a h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af2 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af2 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af1 w60 h9d\"><div class=\"t m1 xdc h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af1 w61 h9d\"><div class=\"t m1 x129 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af1 w20 h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af3 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18f ws0\">Varagon<span class=\"ls0\"> <span class=\"ls17d\">Professionals Fund <span class=\"_ _4\"></span>GP, LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 xec haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x11f h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af4 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af4 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af3 w60 h9e\"><div class=\"t m1 xdc h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af3 w61 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af3 w20 h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af5 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls18f ws0\">VCAP Onshore GP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1dd haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x140 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af6 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af6 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af5 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af5 w61 h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af5 w20 h9d\"><div class=\"t m1 x1be h9b y1f3b ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af7 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18f ws0\">VCAP Offshore GP, S.<span class=\"_ _4\"></span>\u00e0.r.l<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5f haa y247a ff64 fs31 fcb sc0 ls0 ws0\">6</div><div class=\"t m1 x60 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x318 y2af7 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">10, Rue des Capucins<span class=\"ls190\">, L<span class=\"ls0\">-</span></span>1313 <span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2af7 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af7 w61 h9e\"><div class=\"t m1 x1c8 h9b y1f3d ff59 fs2e fcb sc0 ls188 ws0\">Luxembourg<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af7 w20 h9e\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247a ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">VCC Advisors, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x42 haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">6</div><div class=\"t m1 x115 h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af9 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af8 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af8 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af8 w20 h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">53.85<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2afa w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">VCDLF SLP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5c haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x42 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2afb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2afb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2afa w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2afa w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2afa w20 h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2afc w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">VIVA Onshore GP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x16d haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x13f h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2a9d w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x32f y2a9d w19d hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">Kennett Pike, Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2afc w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2afc w61 h9e\"><div class=\"t m1 x129 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2afc w20 h9e\"><div class=\"t m1 x1be h9b y1f43 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247c ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr></table>Subsidiaries in l<span class=\"_ _4\"></span>iquidation/dissolution<span class=\"_ _4\"></span><span class=\"ls0\"> </span><table class=\"s w1a0 h119\" id=\"_a164781c-2c46-4d07-b47c-9c87b2ab4c77\"><tr><td></td><td></td><td></td><td class=\"c x332 y2a32 wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2bd y2a32 w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x333 y2a32 w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w36 ha9\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x334 y285e w62 ha9\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x335 y2a33 w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x336 y2a33 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x337 y2a33 w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2711 w36 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls17d\">Principal Strat<span class=\"_ _4\"></span>egies Corp</span></span><span class=\"ls0\"><span class=\"ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x338 y2a9d w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x339 y2a9d w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x28b y2711 w1f h9e\"><div class=\"t m1 x1b7 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2711 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2711 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table>Related undertaki<span class=\"_ _4\"></span>ngs other than subsi<span class=\"_ _4\"></span>diaries<span class=\"ls0\"> </span><table class=\"s w1a1 h11c\" id=\"_5d069421-036a-48c4-8c40-03f7955eda0a\"><tr><td></td><td></td><td></td><td class=\"c x2bd y2afd w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y2afe w36 h9c\"><div class=\"t m1 x0 h42 y1f29 ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x334 y2afe w62 h9c\"><div class=\"t m1 x0 h42 y1f29 ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x336 y2aff w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f7 y2afe w20 h9c\"><div class=\"t m1 x1b7 h42 y1f29 ff5c fsd fcb sc0 ls0 ws0\">Interest % </div></td></tr><tr><td class=\"c x1f5 y2b00 w36 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls189 ws0\">Hub Platform T<span class=\"_ _4\"></span>echnology Partner<span class=\"_ _4\"></span>s Ltd<span class=\"ls0\"> </span></div></td><td class=\"c x334 y2b00 w62 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls199 ws0\">71<span class=\"ls0\">-</span>75 Shelton Street, Covent Garden, London, WC2H 9JQ<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2b00 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2b00 w20 h9d\"><div class=\"t m1 x1b9 h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">22.86<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2b01 w36 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls17d ws0\">PR<span class=\"ls0\">-<span class=\"ls17a\">Man Summit Poi<span class=\"_ _4\"></span>nt Holdings <span class=\"_ _4\"></span>LP<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x156 haa y230f ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x119 h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x338 y2b02 w1a2 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17c ws0\">1209<span class=\"_ _1bd\"> </span></div></td><td class=\"c x33a y2b02 w1a3 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17c ws0\">Orange Street, Wilmington DE 198<span class=\"_ _0\"></span>01<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f6 y2b01 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2b01 w20 h9d\"><div class=\"t m1 xeb h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2920 w36 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls179 ws0\">SBI<span class=\"ls0\">-<span class=\"ls17a\">Man Asset Mana<span class=\"_ _4\"></span>gement Co., <span class=\"_ _4\"></span>Ltd</span></span><span class=\"ls0\"><span class=\"ls17a\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x334 y2920 w62 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Izumi Garden T<span class=\"_ _0\"></span>ower, <span class=\"ls0\">1-6-<span class=\"_ _0\"></span><span class=\"ls17c\">1 <span class=\"ls18f\">Roppongi, Minato</span></span>-<span class=\"ls199\">ku, Tokyo</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2920 w20 h9e\"><div class=\"t m1 x1ba h9b y1f49 ff59 fs2e fcb sc0 ls17e ws0\">Japan<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2920 w20 h9e\"><div class=\"t m1 x4b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr></table>Notes: 1 <span class=\"_ _169\"> </span>The financial year-end is 31 March, which aligns with the tax year of the individual partners. 2 <span class=\"_ _15d\"> </span>Partnership interest. 3 <span class=\"_ _15d\"> </span>Member interest.  4 <span class=\"_ _15d\"> </span>Holdings comprise ordinary and deferred shares. <span class=\"_ _3\"> </span> 5 <span class=\"_ _15d\"> </span>100% of the voting rights but rights to certain profits are held by third parties. 6 <span class=\"_ _15d\"> </span>100% of the voting rights. 7 <span class=\"_ _36\"> </span>Effective Group interest from 4 December 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "<table class=\"s wc9 hf6\" id=\"_8be01039-f856-448f-8cdc-b22af1b9de39\"><tr><td></td><td class=\"c x1e6 y288a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y288a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y288b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y288b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y288c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288c w1f h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1ed y288c w20 h9e\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Return of capital<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288d w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y288d w20 h9d\"><div class=\"t m1 x3 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls179 ws0\">Share of post<span class=\"ls0\">-<span class=\"ls186\">tax loss</span></span><span class=\"ls0\"><span class=\"ls186\"> </span> </span></div></td><td class=\"c x1ec y288e w1f h9e\"><div class=\"t m1 x4b h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y288e w20 h9e\"><div class=\"t m1 x4b h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y288f w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y288f w1f h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y288f w20 h9e\"><div class=\"t m1 x177 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "Accounting policy<span class=\"ls0\"> </span>T<span class=\"ls18e\">ax</span> <span class=\"ls188\">expense</span> Tax expense<span class=\"ls0\"> <span class=\"ls185\">is based on ou<span class=\"_ _0\"></span>r taxable profit fo<span class=\"_ _0\"></span>r the year. <span class=\"ls19f\">While the Company i<span class=\"_ _4\"></span>s domiciled <span class=\"_ _4\"></span>in Jersey,<span class=\"_ _4\"></span> it is U<span class=\"_ _4\"></span>K tax resi<span class=\"_ _4\"></span>dent due to </span></span></span>management <span class=\"_ _4\"></span>and contr<span class=\"_ _4\"></span>ol being <span class=\"_ _4\"></span>exercised<span class=\"_ _4\"></span> in the <span class=\"_ _4\"></span>UK. <span class=\"ls183\">Taxable profit <span class=\"_ _4\"></span>differs from net profit as <span class=\"_ _4\"></span>reported in the <span class=\"ls0\">c</span>onsolidated income </span>statement<span class=\"ls0\"> b<span class=\"ls188\">ecause <span class=\"ls185\">it</span></span> <span class=\"ls188\">excludes items of income or expense that are taxabl<span class=\"_ _4\"></span>e or deductible in other years, <span class=\"_ _4\"></span>in addition to items that are </span></span>never taxable or deduct<span class=\"_ _4\"></span>ible. Accounting for tax<span class=\"_ _4\"></span> involves a level of <span class=\"_ _4\"></span>estimation uncertainty gi<span class=\"_ _4\"></span>ven the application of t<span class=\"_ _4\"></span>ax law r<span class=\"ls188\">equires a </span>degree o<span class=\"ls186\">f judgement, which tax authorities ma<span class=\"_ _0\"></span>y dispute. Tax liabilities are recognised ba<span class=\"_ _0\"></span>sed on the best estimates of prob<span class=\"_ _0\"></span>able outcom<span class=\"ls188\">es, </span></span>with regar<span class=\"_ _4\"></span>d to externa<span class=\"_ _4\"></span>l advice whe<span class=\"_ _4\"></span>re appropria<span class=\"_ _4\"></span>te. <span class=\"ls0\"> </span>We are a <span class=\"_ _4\"></span>global busi<span class=\"_ _4\"></span>ness and ther<span class=\"_ _4\"></span>efore oper<span class=\"_ _4\"></span>ate across <span class=\"ls19b\">mu<span class=\"_ _4\"></span>ltiple<span class=\"ls0\"> <span class=\"ls17f\">diff<span class=\"_ _4\"></span>erent tax<span class=\"ls0\"> <span class=\"ls1bb\">jurisdictions. Inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>enses are alloc<span class=\"_ _0\"></span>ated to these </span></span></span></span></span>different jurisdict<span class=\"_ _4\"></span>ions based on transfer pricing <span class=\"_ _4\"></span>methodologies set in accordance with t<span class=\"_ _4\"></span>he laws of the jurisdicti<span class=\"_ _4\"></span>ons in which<span class=\"ls0\"> <span class=\"ls17a\">we operat<span class=\"_ _4\"></span>e<span class=\"ls0\">, </span></span></span>and international guidelines as l<span class=\"_ _4\"></span>aid out by the Organisatio<span class=\"ls197\">n for Ec<span class=\"_ _4\"></span>onomic Co<span class=\"ls0\">-<span class=\"ls183\">operation and Development (OECD). The effective <span class=\"_ _4\"></span>tax rate </span></span></span>results from the combination<span class=\"_ _0\"></span> of taxes paid on earnings attributa<span class=\"_ _0\"></span>ble to the tax jurisdictions in which they<span class=\"_ _0\"></span> arise. <span class=\"ls0\"> </span>Deferred tax<span class=\"ls0\"> </span>Deferred tax i<span class=\"_ _4\"></span>s recognised using <span class=\"_ _4\"></span>the balance sheet <span class=\"_ _4\"></span>li<span class=\"ls18e\">ability method in respect <span class=\"_ _4\"></span>of temporary differences between the carrying amounts </span>of<span class=\"ls0\"> <span class=\"ls18e\">assets and liabilities <span class=\"_ _4\"></span>for financial reporting purposes and the <span class=\"_ _4\"></span>amounts used for tax purposes. <span class=\"ls0\"> </span></span></span>Deferred tax i<span class=\"_ _4\"></span>s calculated at <span class=\"_ _4\"></span>the tax rates that<span class=\"_ _4\"></span> are expected to <span class=\"_ _4\"></span>apply in the<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls184\">period when the liability <span class=\"_ _4\"></span>is settled, or the ass<span class=\"_ _4\"></span>et is realised, </span></span>based on<span class=\"ls0\"> <span class=\"ls186\">tax laws and rates that have been<span class=\"_ _0\"></span> enacted or substantively enac<span class=\"_ _0\"></span>ted at the reporting date.</span> </span>The carrying amount of deferred tax <span class=\"_ _4\"></span>assets is reviewed at each reporti<span class=\"_ _4\"></span>ng date and reduced to<span class=\"ls0\"> <span class=\"ls186\">the extent that it is no longer probable </span></span>that sufficient taxable profits will be available<span class=\"_ _0\"></span> to allow all or part of the asset to be recovere<span class=\"_ _0\"></span>d. <span class=\"ls0\"> </span>Deferred tax ass<span class=\"_ _4\"></span>ets and liabil<span class=\"_ _4\"></span>ities are offs<span class=\"_ _4\"></span>et when there is <span class=\"_ _4\"></span>a legally enforc<span class=\"_ _4\"></span>eable right to o<span class=\"_ _4\"></span>ffset current tax<span class=\"_ _4\"></span> a<span class=\"ls199\">ssets against current tax </span>liabilities when<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls186\">they relate to income taxes lev<span class=\"_ _0\"></span>ied by the same taxation autho<span class=\"_ _0\"></span>rity and we intend to settle those cu<span class=\"_ _0\"></span>rrent tax assets and </span></span>liabilities on<span class=\"ls0\"> <span class=\"ls18e\">a net</span> <span class=\"ls17f\">basis.</span></span><span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "Deferred tax<span class=\"ls0\"> </span>Deferred tax i<span class=\"_ _4\"></span>s recognised using <span class=\"_ _4\"></span>the balance sheet <span class=\"_ _4\"></span>li<span class=\"ls18e\">ability method in respect <span class=\"_ _4\"></span>of temporary differences between the carrying amounts </span>of<span class=\"ls0\"> <span class=\"ls18e\">assets and liabilities <span class=\"_ _4\"></span>for financial reporting purposes and the <span class=\"_ _4\"></span>amounts used for tax purposes. <span class=\"ls0\"> </span></span></span>Deferred tax i<span class=\"_ _4\"></span>s calculated at <span class=\"_ _4\"></span>the tax rates that<span class=\"_ _4\"></span> are expected to <span class=\"_ _4\"></span>apply in the<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls184\">period when the liability <span class=\"_ _4\"></span>is settled, or the ass<span class=\"_ _4\"></span>et is realised, </span></span>based on<span class=\"ls0\"> <span class=\"ls186\">tax laws and rates that have been<span class=\"_ _0\"></span> enacted or substantively enac<span class=\"_ _0\"></span>ted at the reporting date.</span> </span>The carrying amount of deferred tax <span class=\"_ _4\"></span>assets is reviewed at each reporti<span class=\"_ _4\"></span>ng date and reduced to<span class=\"ls0\"> <span class=\"ls186\">the extent that it is no longer probable </span></span>that sufficient taxable profits will be available<span class=\"_ _0\"></span> to allow all or part of the asset to be recovere<span class=\"_ _0\"></span>d. <span class=\"ls0\"> </span>Deferred tax ass<span class=\"_ _4\"></span>ets and liabil<span class=\"_ _4\"></span>ities are offs<span class=\"_ _4\"></span>et when there is <span class=\"_ _4\"></span>a legally enforc<span class=\"_ _4\"></span>eable right to o<span class=\"_ _4\"></span>ffset current tax<span class=\"_ _4\"></span> a<span class=\"ls199\">ssets against current tax </span>liabilities when<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls186\">they relate to income taxes lev<span class=\"_ _0\"></span>ied by the same taxation autho<span class=\"_ _0\"></span>rity and we intend to settle those cu<span class=\"_ _0\"></span>rrent tax assets and </span></span>liabilities on<span class=\"ls0\"> <span class=\"ls18e\">a net</span> <span class=\"ls17f\">basis.</span></span><span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs119\">12<span class=\"ls1b7\">.1 Tax exp<span class=\"_ _0\"></span>ense</span> </div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18d ws0 gs11a\">Factors affecting the tax <span class=\"_ _4\"></span>expense for the year<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs11b\">T<span class=\"ls184\">he majority of our profits<span class=\"_ _4\"></span> in the period were earned in <span class=\"_ _4\"></span>the UK and the US. Our tax expense <span class=\"_ _4\"></span>is<span class=\"ls0\"> </span>higher<span class=\"ls0\"> <span class=\"ls186\">than</span> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: <span class=\"ls199\">same as</span></span>) <span class=\"ls186\">the</span> <span class=\"ls18e\">amou<span class=\"_ _0\"></span>nt that </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs11c\">would aris<span class=\"_ _4\"></span>e using the <span class=\"_ _4\"></span>theoretical<span class=\"_ _4\"></span> tax rate <span class=\"_ _4\"></span>applicable <span class=\"_ _4\"></span>to our prof<span class=\"_ _4\"></span>its as<span class=\"ls0\"> <span class=\"ls186\">follows:</span> </span></div><div class=\"gs11d\"><table class=\"s wca hf7\" id=\"_697a39a9-7bc7-4c1b-b375-22c34956ffd2\"><tr><td></td><td class=\"c x1e6 y2890 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x25a y2890 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2891 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x25b y2891 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2892 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls17d ws0\">Profit before <span class=\"ls186\">tax</span><span class=\"ls186\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2892 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls17e ws0\">257<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2892 w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">398<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2893 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls183 ws0\">Theoretical tax expense at UK rat<span class=\"_ _4\"></span>e: <span class=\"ls18d\">25<span class=\"ls1be\">% (202<span class=\"ls0\">4<span class=\"ls190\">: </span>25</span>%)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2893 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2893 w1f h9e\"><div class=\"t m1 x1bd h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2894 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff59 fs2e fcb sc0 ls197 ws0\">Effect of:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2895 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls18b ws0\">Overseas tax rat<span class=\"_ _4\"></span>es different to <span class=\"_ _4\"></span>UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2895 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2895 w1f h9e\"><div class=\"t m1 x3 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2896 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2896 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x220 y2896 w1f h9d\"><div class=\"t m1 x1cb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y2897 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls180 ws0\">Derecognition/(r<span class=\"_ _4\"></span><span class=\"ls188\">ecognition<span class=\"ls0\">) <span class=\"ls183\">of US deferred tax assets </span> </span></span></div></td><td class=\"c x1ec y2897 w20 h9d\"><div class=\"t m1 x3 h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2897 w1f h9d\"><div class=\"t m1 x177 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2898 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18f ws0\">Recognition of ot<span class=\"_ _4\"></span>her deferred tax as<span class=\"_ _4\"></span>sets<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2898 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2898 w1f h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2899 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Revaluation of acq<span class=\"_ _4\"></span>uisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2899 w20 h9d\"><div class=\"t m1 x3 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2899 w1f h9d\"><div class=\"t m1 x1cb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y289a w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y289a w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x220 y289a w1f h9e\"><div class=\"t m1 x129 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y289b w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Tax expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y289b w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">82<span class=\"ls0\"> </span></div></td><td class=\"c x220 y289b w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs11f\">The tax expense for the year <span class=\"ls18e\">comprises <span class=\"_ _4\"></span>the following:<span class=\"ls0\"> </span></span></div><div class=\"gs120\"><table class=\"s wcb hf8\" id=\"_728e0075-f174-4bf3-a1b8-1d5416a9d905\"><tr><td></td><td class=\"c x1f0 y289c w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y289c w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y289d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y289d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y289e w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff5b fs2e fcb sc0 ls182 ws0\">Current tax<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y289f w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls193 ws0\">UK corporation <span class=\"_ _4\"></span>tax on profits<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y289f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y289f w20 h9e\"><div class=\"t m1 x24 h9b y1f71 ff59 fs2e fcb sc0 ls199 ws0\">76<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a0 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">Foreign tax<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a0 w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">35<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a0 w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a1 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a1 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a1 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a2 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18a ws0\">Current tax expens<span class=\"_ _4\"></span>e<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a2 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls188 ws0\">71<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a2 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls17f ws0\">90<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a3 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls189 ws0\">Deferred tax<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28a4 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Origination an<span class=\"_ _4\"></span>d <span class=\"ls18c\">reversal of temporary differen<span class=\"_ _0\"></span>ces</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a4 w20 h9e\"><div class=\"t m1 x177 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y28a4 w20 h9e\"><div class=\"t m1 x129 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y28a5 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y28a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y28a6 w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Deferred tax <span class=\"ls188\">expense</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a6 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a6 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a7 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Total tax expense<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a7 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">82<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a7 w20 h9e\"><div class=\"t m1 x1bd h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs121\">The effective tax rate in <span class=\"_ _4\"></span>the year was <span class=\"ls17f\">32<span class=\"ls1be\">% (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls18d\">25</span></span></span>%).<span class=\"ls0\"> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18d ws0 gs122\">Factors affecting our futur<span class=\"_ _4\"></span>e tax <span class=\"ls18e\">charges<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs123\">The principal factors which may i<span class=\"_ _4\"></span>nfluence our future tax rate ar<span class=\"_ _4\"></span>e changes in tax legislation i<span class=\"_ _4\"></span>n the territories in which <span class=\"_ _4\"></span>we o<span class=\"ls184\">perate<span class=\"ls0\"> <span class=\"ls18e\">and</span> <span class=\"ls186\">the mix </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs124\">of income and expenses earned and incurred <span class=\"_ _4\"></span>by jurisdiction.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs125\">We have appl<span class=\"_ _4\"></span>ied the t<span class=\"_ _4\"></span>emporary exce<span class=\"_ _4\"></span>ption from<span class=\"ls0\"> <span class=\"ls186\">the accounting requirements for deferred taxes in IAS<span class=\"_ _0\"></span> 12 \u2018Income Taxes\u2019. Accordingly, </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs126\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group neither r<span class=\"_ _4\"></span>ecognises nor disc<span class=\"_ _4\"></span>loses information <span class=\"_ _4\"></span>about deferred tax<span class=\"_ _4\"></span> assets and liabi<span class=\"_ _4\"></span>lities rel<span class=\"_ _4\"></span>ated to Pillar <span class=\"_ _4\"></span>2 income taxes<span class=\"ls0\">.</span></span></span><span class=\"ls0\"><span class=\"ls18b\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs127\">12<span class=\"ls1b7\">.2 Curren<span class=\"_ _0\"></span>t tax assets a<span class=\"_ _0\"></span>nd liabilitie</span>s </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs128\">The movements in our net current tax <span class=\"_ _4\"></span>assets/liabilities are as <span class=\"_ _4\"></span>follows:<span class=\"ls0\"> </span></div><div class=\"gs129\"><table class=\"s wcc he3\" id=\"_39cde490-2a97-4868-9869-575dbe4e89cb\"><tr><td></td><td class=\"c x1f0 y27cb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27cb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27cc w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27cc w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a8 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls182 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls186\">t beginning of the year</span><span class=\"ls186\"> <span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a8 w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a8 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a9 w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18a ws0\">Charge to the <span class=\"ls18e\">consoli<span class=\"_ _4\"></span>dated income statement</span><span class=\"ls18e\"><span class=\"ls0\">  </span></span></div></td><td class=\"c x1f6 y28a9 w20 h9e\"><div class=\"t m1 x2b h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls188\">71</span>) </div></td><td class=\"c x1f7 y28a9 w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(90)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28aa w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18a ws0\">Credit to <span class=\"ls188\">equity</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28aa w20 h9d\"><div class=\"t m1 x177 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28aa w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y28ab w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls183 ws0\">Tax paid<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff5b fs2e fcb sc0 ls17d ws0\">65<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls17e ws0\">83<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ac w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18b ws0\">Other balance shee<span class=\"_ _4\"></span>t movements <span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ac w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ac w20 h9e\"><div class=\"t m1 x129 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y28ad w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ad w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28ad w20 h9d\"><div class=\"t m1 x3 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ae w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls189 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls1b9\">t end of the year</span><span class=\"ls1b9\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28ae w20 h9d\"><div class=\"t m1 x1c7 h9b y1f29 ff5b fs2e fcb sc0 ls17e ws0\">24<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ae w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28af w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28b0 w29 h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Current tax asset<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b0 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b0 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b1 w29 h9d\"><div class=\"t m1 x1bf h9b y1f26 ff59 fs2e fcb sc0 ls18a ws0\">Current tax li<span class=\"_ _4\"></span>abilities<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b1 w20 h9d\"><div class=\"t m1 x24 h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b1 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(3)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs12a\">12<span class=\"ls1b7\">.3 Deferre<span class=\"_ _0\"></span>d tax assets a<span class=\"_ _0\"></span>nd liabilities</span> </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs12b\">The <span class=\"ls19b\">movements <span class=\"_ _4\"></span>in our ne<span class=\"_ _4\"></span>t deferre<span class=\"_ _4\"></span>d tax as<span class=\"_ _4\"></span>sets and l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>ties by <span class=\"_ _4\"></span>category <span class=\"_ _4\"></span>are as f<span class=\"_ _4\"></span>ollows:<span class=\"ls0\"> </span></span></div><div class=\"gs12c\"><table class=\"s wcd hf9\" id=\"_e452fcca-1d97-4acd-b042-01ee279adc08\"><tr><td></td><td></td><td class=\"c x25c y28b2 wce hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Tax<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x25d y28b3 wcf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">allowances<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x25e y28b3 wd0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Accumulated<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x25f y28b4 wd1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Deferred<span class=\"_ _1bd\"> </span></div></td><td class=\"c x260 y28b4 wd2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">over/(below)<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x261 y28b4 wd3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">operating<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28b5 w3f hb3\"><div class=\"t m1 x0 h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x262 y28b6 wd4 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">compensation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x260 y28b6 wd5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">depreciation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x263 y28b5 w41 hb3\"><div class=\"t m1 x1c8 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Intangibles </div></td><td class=\"c x264 y28b6 wd6 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">losses<span class=\"_ _1bd\"> </span></div></td><td class=\"c x265 y28b5 w40 hb3\"><div class=\"t m1 x181 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Partnerships </div></td><td class=\"c x266 y28b5 w40 hb3\"><div class=\"t m1 x1c2 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Other </div></td><td class=\"c x267 y28b5 w41 hb3\"><div class=\"t m1 x1b9 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y28b7 w3f h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17c\">1 January 202<span class=\"ls0\">4</span></span><span class=\"ls17c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x268 y28b7 w22 h9d\"><div class=\"t m1 x2b h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28b7 w40 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x263 y28b7 w41 h9d\"><div class=\"t m1 x1bd h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28b7 w41 h9d\"><div class=\"t m1 x16f h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28b7 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28b7 w40 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28b7 w41 h9d\"><div class=\"t m1 x4 h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">128<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b8 w3f h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Credit/(c<span class=\"ls184\">harge</span><span class=\"ls184\"><span class=\"ls0\">) <span class=\"ls186\">to <span class=\"ls18e\">consolidated income statement</span></span> </span></span></div></td><td class=\"c x268 y28b8 w22 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28b8 w40 h9e\"><div class=\"t m1 x189 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28b8 w41 h9e\"><div class=\"t m1 x2b h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28b8 w41 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(21)<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28b8 w40 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x266 y28b8 w40 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x267 y28b8 w41 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b9 w3f h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Credit<span class=\"ls0\"> <span class=\"ls186\">to other comprehensive income</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28b9 w22 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x269 y28b9 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28b9 w41 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28b9 w41 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28b9 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28b9 w40 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28b9 w41 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y28ba w3f h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to equity</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28ba w22 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28ba w40 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28ba w41 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28ba w41 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28ba w40 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28ba w40 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28ba w41 h9e\"><div class=\"t m1 x1bd h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bb w3f h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17f\">31 December 202<span class=\"ls0\">4</span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x268 y28bb w22 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">68<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bb w40 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bb w41 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28bb w41 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bb w40 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x266 y28bb w40 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28bb w41 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">117<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bc w3f h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18a ws0\">Credit/(c<span class=\"ls184\">harge</span><span class=\"ls184\"><span class=\"ls0\">) <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income</span></span></span> <span class=\"ls199\">statement</span>  </span></span></div></td><td class=\"c x268 y28bc w22 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x269 y28bc w40 h9e\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bc w41 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(9)<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28bc w41 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bc w40 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x266 y28bc w40 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x267 y28bc w41 h9e\"><div class=\"t m1 x75 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bd w3f h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">C<span class=\"ls184\">harge</span> <span class=\"ls186\">to equity</span> </div></td><td class=\"c x268 y28bd w22 h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bd w40 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28bd w41 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28bd w41 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28bd w40 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28bd w40 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28bd w41 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28be w3f h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x268 y28be w22 h9d\"><div class=\"t m1 x24 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x269 y28be w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28be w41 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28be w41 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28be w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28be w40 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28be w41 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y28bf w3f h9d\"><div class=\"t m1 x0 h9b y1f37 ff5b fs2e fcb sc0 ls193 ws0\">At 31 December 202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28bf w22 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls188 ws0\">70<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bf w40 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bf w41 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x26a y28bf w41 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bf w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x266 y28bf w40 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28bf w41 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">106<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs12e\">The gross amounts of tax losses <span class=\"_ _4\"></span>for which deferred tax assets have not<span class=\"_ _4\"></span> been recognised are as follows: <span class=\"ls0\"> </span></div><div class=\"gs7d\"><table class=\"s wd7 he0\" id=\"_104f1d2d-7d33-4392-9877-5f55380ee3d9\"><tr><td></td><td class=\"c x1e6 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">United States<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c1 w1f h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">204<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28c1 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">24<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28c2 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls179 ws0\">Switzerland <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c2 w1f h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y28c2 w20 h9e\"><div class=\"t m1 x4b h9b y1f71 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28c3 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls189 ws0\">Hong Kong <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c3 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y28c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y28c4 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls18a ws0\">China<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c4 w1f h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y28c4 w20 h9d\"><div class=\"t m1 x129 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28c5 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c5 w1f h9d\"><div class=\"t m1 x2b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28c5 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs12f\">Of the <span class=\"ls186\">total <span class=\"ls0\">$<span class=\"ls18d\">211</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on<span class=\"ls0\"> <span class=\"ls187\">(2024: $48 million)</span> <span class=\"ls184\">unrecognised <span class=\"ls18e\">available gross <span class=\"ls17f\">deferred tax assets, $<span class=\"_ _4\"></span><span class=\"ls0\">6 <span class=\"ls19b\">million</span> <span class=\"ls187\">(2024: $19 million)</span> <span class=\"ls17a\">wi<span class=\"ls185\">ll</span></span> <span class=\"ls188\">expire between </span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gs130\">2027 and 2029<span class=\"ls190\">, <span class=\"ls0\">$</span></span>204 <span class=\"ls19b\">millio<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls187\">(2024: $24 million)</span> <span class=\"_ _0\"></span><span class=\"ls17a\">will expi<span class=\"_ _4\"></span>re <span class=\"ls17f\">by<span class=\"ls0\"> <span class=\"ls18d\">203<span class=\"ls17e\">8 and $1 milli<span class=\"_ _4\"></span>on (2024: $5 million)<span class=\"_ _4\"></span> have no expiry.<span class=\"ls0\"> </span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls193 ws0 gs131\">US <span class=\"ls17f\">deferred tax assets<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs132\">We have re<span class=\"_ _4\"></span>cognised accu<span class=\"_ _4\"></span>mulated defer<span class=\"_ _4\"></span>red tax as<span class=\"_ _4\"></span>sets in th<span class=\"_ _4\"></span>e US of <span class=\"ls197\">$64 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion (2<span class=\"_ _4\"></span>02<span class=\"ls0\">4<span class=\"ls190\">: $</span>7<span class=\"ls17f\">6 million) that will be avai<span class=\"_ _4\"></span>lable to offset future t<span class=\"_ _4\"></span>axable </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs133\">profits. At 31 December 202<span class=\"_ _4\"></span><span class=\"ls0\">5<span class=\"ls190\">, deferred ta<span class=\"_ _0\"></span>x assets relatin<span class=\"_ _0\"></span>g to <span class=\"ls197\">$14 <span class=\"ls19b\">million <span class=\"_ _4\"></span>of the a<span class=\"_ _4\"></span>vailable<span class=\"_ _4\"></span> U<span class=\"ls179\">S state and city ta<span class=\"_ _4\"></span>x losses (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>2 <span class=\"ls19b\">million<span class=\"_ _4\"></span>) are </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs134\">unrecognised as w<span class=\"ls188\">e do not expect t<span class=\"_ _4\"></span>o realise sufficient future <span class=\"_ _4\"></span>taxable profits against which these<span class=\"ls0\"> <span class=\"ls185\">losses can be offset <span class=\"ls17f\">before the<span class=\"ls18e\">y </span></span></span></span>expire<span class=\"ls0\"> <span class=\"ls185\">in</span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gs135\">2038<span class=\"ls0\">. <span class=\"ls181\">A change in the appor<span class=\"_ _4\"></span>tionment of forecast<span class=\"_ _4\"></span> taxable profits<span class=\"_ _4\"></span> <span class=\"ls17f\">by state has resulted in t<span class=\"_ _4\"></span><span class=\"ls184\">he derecognition of <span class=\"ls197\">$11 <span class=\"ls19b\">mi<span class=\"_ _4\"></span>llion <span class=\"_ _4\"></span><span class=\"ls183\">of the available US </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs136\">deferred tax assets duri<span class=\"_ _4\"></span>ng the year<span class=\"ls190\">. <span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18d ws0 gs137\">Following the utili<span class=\"_ _4\"></span>sation of <span class=\"ls183\">our <span class=\"ls0\">f<span class=\"ls188\">ederal tax losses</span>, <span class=\"ls17a\">we ar<span class=\"_ _4\"></span>e now liabl<span class=\"_ _4\"></span>e to<span class=\"ls0\"> <span class=\"ls186\">tax <span class=\"ls183\">on any </span>taxable <span class=\"ls184\">profits we generate in <span class=\"_ _4\"></span>the US<span class=\"ls0\">. </span></span></span></span></span></span></span></div><div class=\"gs138\"><table class=\"s wd8 hfa\" id=\"_d2683f64-ee1d-42a2-b452-fb735d2c97b1\"><tr><td></td><td class=\"c x1e6 y28c6 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y28c6 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c7 w29 ha9\"><div class=\"t m1 x1b8 h42 y2274 ff5d fsd fcb sc0 ls0 ws0\">US net deferred tax assets </div></td><td class=\"c x1e9 y28c8 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y28c8 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls180 ws0\">Recognised<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28ca w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28ca w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls188 ws0\">76<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28ca w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls17e ws0\">86<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28cb w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(Charge)/c<span class=\"ls18c\">redit to <span class=\"ls18e\">consolidated income statement<span class=\"ls0\">: </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28cc w29 h9d\"><div class=\"t m1 x1bf h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(Derecognition)/r<span class=\"ls188\">ecognition<span class=\"ls0\"> <span class=\"ls183\">of available tax assets </span> </span></span></div></td><td class=\"c x1ec y28cc w1f h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28cc w20 h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28cd w29 h9d\"><div class=\"t m1 x1bf h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">Utilisation<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28cd w1f h9d\"><div class=\"t m1 x3 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28cd w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28ce w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28ce w1f h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17d ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28ce w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls199 ws0\">76<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28cf w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls1bc ws0\">Unrecognised<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28d0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d0 w1f h9d\"><div class=\"t m1 xeb h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ed y28d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y28d1 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls180 ws0\">Derecognition<span class=\"ls1bf\">/(<span class=\"ls0\">r<span class=\"ls188\">ecognition)<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">of available tax assets </span> </span></span></span></span></div></td><td class=\"c x1ec y28d1 w1f h9e\"><div class=\"t m1 x3 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28d1 w20 h9e\"><div class=\"t m1 x3 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28d2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Other movements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d2 w1f h9d\"><div class=\"t m1 x129 h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y28d2 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28d3 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d3 w1f h9d\"><div class=\"t m1 x24 h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "12<span class=\"ls1b7\">.1 Tax exp<span class=\"_ _0\"></span>ense</span> Factors affecting the tax <span class=\"_ _4\"></span>expense for the year<span class=\"ls0\"> </span>T<span class=\"ls184\">he majority of our profits<span class=\"_ _4\"></span> in the period were earned in <span class=\"_ _4\"></span>the UK and the US. Our tax expense <span class=\"_ _4\"></span>is<span class=\"ls0\"> </span>higher<span class=\"ls0\"> <span class=\"ls186\">than</span> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: <span class=\"ls199\">same as</span></span>) <span class=\"ls186\">the</span> <span class=\"ls18e\">amou<span class=\"_ _0\"></span>nt that </span></span></span>would aris<span class=\"_ _4\"></span>e using the <span class=\"_ _4\"></span>theoretical<span class=\"_ _4\"></span> tax rate <span class=\"_ _4\"></span>applicable <span class=\"_ _4\"></span>to our prof<span class=\"_ _4\"></span>its as<span class=\"ls0\"> <span class=\"ls186\">follows:</span> </span><table class=\"s wca hf7\" id=\"_697a39a9-7bc7-4c1b-b375-22c34956ffd2\"><tr><td></td><td class=\"c x1e6 y2890 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x25a y2890 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2891 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x25b y2891 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2892 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls17d ws0\">Profit before <span class=\"ls186\">tax</span><span class=\"ls186\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2892 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls17e ws0\">257<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2892 w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">398<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2893 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls183 ws0\">Theoretical tax expense at UK rat<span class=\"_ _4\"></span>e: <span class=\"ls18d\">25<span class=\"ls1be\">% (202<span class=\"ls0\">4<span class=\"ls190\">: </span>25</span>%)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2893 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2893 w1f h9e\"><div class=\"t m1 x1bd h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2894 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff59 fs2e fcb sc0 ls197 ws0\">Effect of:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2895 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls18b ws0\">Overseas tax rat<span class=\"_ _4\"></span>es different to <span class=\"_ _4\"></span>UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2895 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2895 w1f h9e\"><div class=\"t m1 x3 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2896 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2896 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x220 y2896 w1f h9d\"><div class=\"t m1 x1cb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y2897 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls180 ws0\">Derecognition/(r<span class=\"_ _4\"></span><span class=\"ls188\">ecognition<span class=\"ls0\">) <span class=\"ls183\">of US deferred tax assets </span> </span></span></div></td><td class=\"c x1ec y2897 w20 h9d\"><div class=\"t m1 x3 h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2897 w1f h9d\"><div class=\"t m1 x177 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2898 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18f ws0\">Recognition of ot<span class=\"_ _4\"></span>her deferred tax as<span class=\"_ _4\"></span>sets<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2898 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2898 w1f h9e\"><div class=\"t m1 x4b h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2899 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Revaluation of acq<span class=\"_ _4\"></span>uisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2899 w20 h9d\"><div class=\"t m1 x3 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x220 y2899 w1f h9d\"><div class=\"t m1 x1cb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y289a w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y289a w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x220 y289a w1f h9e\"><div class=\"t m1 x129 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y289b w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Tax expense<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y289b w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">82<span class=\"ls0\"> </span></div></td><td class=\"c x220 y289b w1f h9e\"><div class=\"t m1 x1bd h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table>The tax expense for the year <span class=\"ls18e\">comprises <span class=\"_ _4\"></span>the following:<span class=\"ls0\"> </span></span><table class=\"s wcb hf8\" id=\"_728e0075-f174-4bf3-a1b8-1d5416a9d905\"><tr><td></td><td class=\"c x1f0 y289c w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y289c w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y289d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y289d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y289e w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff5b fs2e fcb sc0 ls182 ws0\">Current tax<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y289f w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls193 ws0\">UK corporation <span class=\"_ _4\"></span>tax on profits<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y289f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y289f w20 h9e\"><div class=\"t m1 x24 h9b y1f71 ff59 fs2e fcb sc0 ls199 ws0\">76<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a0 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">Foreign tax<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a0 w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">35<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a0 w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a1 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a1 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a1 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a2 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18a ws0\">Current tax expens<span class=\"_ _4\"></span>e<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a2 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls188 ws0\">71<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a2 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls17f ws0\">90<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a3 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls189 ws0\">Deferred tax<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28a4 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18b ws0\">Origination an<span class=\"_ _4\"></span>d <span class=\"ls18c\">reversal of temporary differen<span class=\"_ _0\"></span>ces</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a4 w20 h9e\"><div class=\"t m1 x177 h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y28a4 w20 h9e\"><div class=\"t m1 x129 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y28a5 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls181 ws0\">Adjustments to ta<span class=\"_ _4\"></span>x charge in respect<span class=\"_ _4\"></span> of previous years<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y28a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y28a6 w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Deferred tax <span class=\"ls188\">expense</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a6 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a6 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a7 w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Total tax expense<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28a7 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">82<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a7 w20 h9e\"><div class=\"t m1 x1bd h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table>The effective tax rate in <span class=\"_ _4\"></span>the year was <span class=\"ls17f\">32<span class=\"ls1be\">% (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls18d\">25</span></span></span>%).<span class=\"ls0\"> </span></span></span>Factors affecting our futur<span class=\"_ _4\"></span>e tax <span class=\"ls18e\">charges<span class=\"ls0\"> </span></span>The principal factors which may i<span class=\"_ _4\"></span>nfluence our future tax rate ar<span class=\"_ _4\"></span>e changes in tax legislation i<span class=\"_ _4\"></span>n the territories in which <span class=\"_ _4\"></span>we o<span class=\"ls184\">perate<span class=\"ls0\"> <span class=\"ls18e\">and</span> <span class=\"ls186\">the mix </span></span></span>of income and expenses earned and incurred <span class=\"_ _4\"></span>by jurisdiction.<span class=\"ls0\"> </span>We have appl<span class=\"_ _4\"></span>ied the t<span class=\"_ _4\"></span>emporary exce<span class=\"_ _4\"></span>ption from<span class=\"ls0\"> <span class=\"ls186\">the accounting requirements for deferred taxes in IAS<span class=\"_ _0\"></span> 12 \u2018Income Taxes\u2019. Accordingly, </span></span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group neither r<span class=\"_ _4\"></span>ecognises nor disc<span class=\"_ _4\"></span>loses information <span class=\"_ _4\"></span>about deferred tax<span class=\"_ _4\"></span> assets and liabi<span class=\"_ _4\"></span>lities rel<span class=\"_ _4\"></span>ated to Pillar <span class=\"_ _4\"></span>2 income taxes<span class=\"ls0\">.</span></span></span><span class=\"ls0\"><span class=\"ls18b\"><span class=\"ls0\"> </span></span></span>12<span class=\"ls1b7\">.2 Curren<span class=\"_ _0\"></span>t tax assets a<span class=\"_ _0\"></span>nd liabilitie</span>s The movements in our net current tax <span class=\"_ _4\"></span>assets/liabilities are as <span class=\"_ _4\"></span>follows:<span class=\"ls0\"> </span><table class=\"s wcc he3\" id=\"_39cde490-2a97-4868-9869-575dbe4e89cb\"><tr><td></td><td class=\"c x1f0 y27cb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27cb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27cc w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27cc w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a8 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls182 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls186\">t beginning of the year</span><span class=\"ls186\"> <span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a8 w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a8 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a9 w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18a ws0\">Charge to the <span class=\"ls18e\">consoli<span class=\"_ _4\"></span>dated income statement</span><span class=\"ls18e\"><span class=\"ls0\">  </span></span></div></td><td class=\"c x1f6 y28a9 w20 h9e\"><div class=\"t m1 x2b h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls188\">71</span>) </div></td><td class=\"c x1f7 y28a9 w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(90)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28aa w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18a ws0\">Credit to <span class=\"ls188\">equity</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28aa w20 h9d\"><div class=\"t m1 x177 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28aa w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y28ab w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls183 ws0\">Tax paid<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff5b fs2e fcb sc0 ls17d ws0\">65<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls17e ws0\">83<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ac w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18b ws0\">Other balance shee<span class=\"_ _4\"></span>t movements <span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ac w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ac w20 h9e\"><div class=\"t m1 x129 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y28ad w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ad w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28ad w20 h9d\"><div class=\"t m1 x3 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ae w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls189 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls1b9\">t end of the year</span><span class=\"ls1b9\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28ae w20 h9d\"><div class=\"t m1 x1c7 h9b y1f29 ff5b fs2e fcb sc0 ls17e ws0\">24<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ae w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28af w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28b0 w29 h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Current tax asset<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b0 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b0 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b1 w29 h9d\"><div class=\"t m1 x1bf h9b y1f26 ff59 fs2e fcb sc0 ls18a ws0\">Current tax li<span class=\"_ _4\"></span>abilities<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b1 w20 h9d\"><div class=\"t m1 x24 h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b1 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(3)<span class=\"ls0\"> </span></div></td></tr></table>12<span class=\"ls1b7\">.3 Deferre<span class=\"_ _0\"></span>d tax assets a<span class=\"_ _0\"></span>nd liabilities</span> The <span class=\"ls19b\">movements <span class=\"_ _4\"></span>in our ne<span class=\"_ _4\"></span>t deferre<span class=\"_ _4\"></span>d tax as<span class=\"_ _4\"></span>sets and l<span class=\"_ _4\"></span>iabili<span class=\"_ _4\"></span>ties by <span class=\"_ _4\"></span>category <span class=\"_ _4\"></span>are as f<span class=\"_ _4\"></span>ollows:<span class=\"ls0\"> </span></span><table class=\"s wcd hf9\" id=\"_e452fcca-1d97-4acd-b042-01ee279adc08\"><tr><td></td><td></td><td class=\"c x25c y28b2 wce hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Tax<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x25d y28b3 wcf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">allowances<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x25e y28b3 wd0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Accumulated<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x25f y28b4 wd1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Deferred<span class=\"_ _1bd\"> </span></div></td><td class=\"c x260 y28b4 wd2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">over/(below)<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x261 y28b4 wd3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">operating<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28b5 w3f hb3\"><div class=\"t m1 x0 h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x262 y28b6 wd4 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">compensation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x260 y28b6 wd5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">depreciation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x263 y28b5 w41 hb3\"><div class=\"t m1 x1c8 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Intangibles </div></td><td class=\"c x264 y28b6 wd6 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">losses<span class=\"_ _1bd\"> </span></div></td><td class=\"c x265 y28b5 w40 hb3\"><div class=\"t m1 x181 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Partnerships </div></td><td class=\"c x266 y28b5 w40 hb3\"><div class=\"t m1 x1c2 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Other </div></td><td class=\"c x267 y28b5 w41 hb3\"><div class=\"t m1 x1b9 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y28b7 w3f h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17c\">1 January 202<span class=\"ls0\">4</span></span><span class=\"ls17c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x268 y28b7 w22 h9d\"><div class=\"t m1 x2b h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28b7 w40 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x263 y28b7 w41 h9d\"><div class=\"t m1 x1bd h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28b7 w41 h9d\"><div class=\"t m1 x16f h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28b7 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28b7 w40 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28b7 w41 h9d\"><div class=\"t m1 x4 h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">128<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b8 w3f h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Credit/(c<span class=\"ls184\">harge</span><span class=\"ls184\"><span class=\"ls0\">) <span class=\"ls186\">to <span class=\"ls18e\">consolidated income statement</span></span> </span></span></div></td><td class=\"c x268 y28b8 w22 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28b8 w40 h9e\"><div class=\"t m1 x189 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28b8 w41 h9e\"><div class=\"t m1 x2b h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28b8 w41 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(21)<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28b8 w40 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x266 y28b8 w40 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x267 y28b8 w41 h9e\"><div class=\"t m1 x75 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b9 w3f h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Credit<span class=\"ls0\"> <span class=\"ls186\">to other comprehensive income</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28b9 w22 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x269 y28b9 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28b9 w41 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28b9 w41 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28b9 w40 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28b9 w40 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28b9 w41 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y28ba w3f h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to equity</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28ba w22 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28ba w40 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28ba w41 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28ba w41 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28ba w40 h9e\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28ba w40 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28ba w41 h9e\"><div class=\"t m1 x1bd h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bb w3f h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17f\">31 December 202<span class=\"ls0\">4</span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x268 y28bb w22 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">68<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bb w40 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bb w41 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28bb w41 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bb w40 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x266 y28bb w40 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28bb w41 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">117<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bc w3f h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18a ws0\">Credit/(c<span class=\"ls184\">harge</span><span class=\"ls184\"><span class=\"ls0\">) <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income</span></span></span> <span class=\"ls199\">statement</span>  </span></span></div></td><td class=\"c x268 y28bc w22 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x269 y28bc w40 h9e\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bc w41 h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(9)<span class=\"ls0\"> </span></div></td><td class=\"c x26a y28bc w41 h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bc w40 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x266 y28bc w40 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x267 y28bc w41 h9e\"><div class=\"t m1 x75 h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28bd w3f h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">C<span class=\"ls184\">harge</span> <span class=\"ls186\">to equity</span> </div></td><td class=\"c x268 y28bd w22 h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bd w40 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28bd w41 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28bd w41 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28bd w40 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28bd w40 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28bd w41 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28be w3f h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x268 y28be w22 h9d\"><div class=\"t m1 x24 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x269 y28be w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x263 y28be w41 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x26a y28be w41 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x265 y28be w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x266 y28be w40 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x267 y28be w41 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y28bf w3f h9d\"><div class=\"t m1 x0 h9b y1f37 ff5b fs2e fcb sc0 ls193 ws0\">At 31 December 202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x268 y28bf w22 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff5b fs2e fcb sc0 ls188 ws0\">70<span class=\"ls0\"> </span></div></td><td class=\"c x269 y28bf w40 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x263 y28bf w41 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x26a y28bf w41 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x265 y28bf w40 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x266 y28bf w40 h9d\"><div class=\"t m1 x16f h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x267 y28bf w41 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">106<span class=\"ls0\"> </span></div></td></tr></table>The gross amounts of tax losses <span class=\"_ _4\"></span>for which deferred tax assets have not<span class=\"_ _4\"></span> been recognised are as follows: <span class=\"ls0\"> </span><table class=\"s wd7 he0\" id=\"_104f1d2d-7d33-4392-9877-5f55380ee3d9\"><tr><td></td><td class=\"c x1e6 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">United States<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c1 w1f h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">204<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28c1 w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">24<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28c2 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls179 ws0\">Switzerland <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c2 w1f h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y28c2 w20 h9e\"><div class=\"t m1 x4b h9b y1f71 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28c3 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls189 ws0\">Hong Kong <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c3 w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y28c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y28c4 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls18a ws0\">China<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c4 w1f h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y28c4 w20 h9d\"><div class=\"t m1 x129 h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28c5 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28c5 w1f h9d\"><div class=\"t m1 x2b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28c5 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr></table>Of the <span class=\"ls186\">total <span class=\"ls0\">$<span class=\"ls18d\">211</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on<span class=\"ls0\"> <span class=\"ls187\">(2024: $48 million)</span> <span class=\"ls184\">unrecognised <span class=\"ls18e\">available gross <span class=\"ls17f\">deferred tax assets, $<span class=\"_ _4\"></span><span class=\"ls0\">6 <span class=\"ls19b\">million</span> <span class=\"ls187\">(2024: $19 million)</span> <span class=\"ls17a\">wi<span class=\"ls185\">ll</span></span> <span class=\"ls188\">expire between </span></span></span></span></span></span></span></span></span>2027 and 2029<span class=\"ls190\">, <span class=\"ls0\">$</span></span>204 <span class=\"ls19b\">millio<span class=\"_ _4\"></span>n<span class=\"ls0\"> <span class=\"ls187\">(2024: $24 million)</span> <span class=\"_ _0\"></span><span class=\"ls17a\">will expi<span class=\"_ _4\"></span>re <span class=\"ls17f\">by<span class=\"ls0\"> <span class=\"ls18d\">203<span class=\"ls17e\">8 and $1 milli<span class=\"_ _4\"></span>on (2024: $5 million)<span class=\"_ _4\"></span> have no expiry.<span class=\"ls0\"> </span></span></span></span></span></span></span></span>US <span class=\"ls17f\">deferred tax assets<span class=\"ls0\"> </span></span>We have re<span class=\"_ _4\"></span>cognised accu<span class=\"_ _4\"></span>mulated defer<span class=\"_ _4\"></span>red tax as<span class=\"_ _4\"></span>sets in th<span class=\"_ _4\"></span>e US of <span class=\"ls197\">$64 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion (2<span class=\"_ _4\"></span>02<span class=\"ls0\">4<span class=\"ls190\">: $</span>7<span class=\"ls17f\">6 million) that will be avai<span class=\"_ _4\"></span>lable to offset future t<span class=\"_ _4\"></span>axable </span></span></span></span>profits. At 31 December 202<span class=\"_ _4\"></span><span class=\"ls0\">5<span class=\"ls190\">, deferred ta<span class=\"_ _0\"></span>x assets relatin<span class=\"_ _0\"></span>g to <span class=\"ls197\">$14 <span class=\"ls19b\">million <span class=\"_ _4\"></span>of the a<span class=\"_ _4\"></span>vailable<span class=\"_ _4\"></span> U<span class=\"ls179\">S state and city ta<span class=\"_ _4\"></span>x losses (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>2 <span class=\"ls19b\">million<span class=\"_ _4\"></span>) are </span></span></span></span></span></span></span>unrecognised as w<span class=\"ls188\">e do not expect t<span class=\"_ _4\"></span>o realise sufficient future <span class=\"_ _4\"></span>taxable profits against which these<span class=\"ls0\"> <span class=\"ls185\">losses can be offset <span class=\"ls17f\">before the<span class=\"ls18e\">y </span></span></span></span>expire<span class=\"ls0\"> <span class=\"ls185\">in</span> </span></span>2038<span class=\"ls0\">. <span class=\"ls181\">A change in the appor<span class=\"_ _4\"></span>tionment of forecast<span class=\"_ _4\"></span> taxable profits<span class=\"_ _4\"></span> <span class=\"ls17f\">by state has resulted in t<span class=\"_ _4\"></span><span class=\"ls184\">he derecognition of <span class=\"ls197\">$11 <span class=\"ls19b\">mi<span class=\"_ _4\"></span>llion <span class=\"_ _4\"></span><span class=\"ls183\">of the available US </span></span></span></span></span></span></span>deferred tax assets duri<span class=\"_ _4\"></span>ng the year<span class=\"ls190\">. <span class=\"ls0\"> </span></span>Following the utili<span class=\"_ _4\"></span>sation of <span class=\"ls183\">our <span class=\"ls0\">f<span class=\"ls188\">ederal tax losses</span>, <span class=\"ls17a\">we ar<span class=\"_ _4\"></span>e now liabl<span class=\"_ _4\"></span>e to<span class=\"ls0\"> <span class=\"ls186\">tax <span class=\"ls183\">on any </span>taxable <span class=\"ls184\">profits we generate in <span class=\"_ _4\"></span>the US<span class=\"ls0\">. </span></span></span></span></span></span></span><table class=\"s wd8 hfa\" id=\"_d2683f64-ee1d-42a2-b452-fb735d2c97b1\"><tr><td></td><td class=\"c x1e6 y28c6 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y28c6 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c7 w29 ha9\"><div class=\"t m1 x1b8 h42 y2274 ff5d fsd fcb sc0 ls0 ws0\">US net deferred tax assets </div></td><td class=\"c x1e9 y28c8 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y28c8 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28c9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls180 ws0\">Recognised<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28ca w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28ca w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls188 ws0\">76<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28ca w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls17e ws0\">86<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28cb w29 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(Charge)/c<span class=\"ls18c\">redit to <span class=\"ls18e\">consolidated income statement<span class=\"ls0\">: </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28cc w29 h9d\"><div class=\"t m1 x1bf h9b y1f73 ff59 fs2e fcb sc0 ls187 ws0\">(Derecognition)/r<span class=\"ls188\">ecognition<span class=\"ls0\"> <span class=\"ls183\">of available tax assets </span> </span></span></div></td><td class=\"c x1ec y28cc w1f h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff5b fs2e fcb sc0 ls186 ws0\">(11)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28cc w20 h9d\"><div class=\"t m1 x129 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28cd w29 h9d\"><div class=\"t m1 x1bf h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">Utilisation<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28cd w1f h9d\"><div class=\"t m1 x3 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28cd w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28ce w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28ce w1f h9d\"><div class=\"t m1 x1bb h9b y1f45 ff5b fs2e fcb sc0 ls17d ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28ce w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls199 ws0\">76<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28cf w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff5b fs2e fcb sc0 ls1bc ws0\">Unrecognised<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y28d0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d0 w1f h9d\"><div class=\"t m1 xeb h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1ed y28d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1eb y28d1 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls180 ws0\">Derecognition<span class=\"ls1bf\">/(<span class=\"ls0\">r<span class=\"ls188\">ecognition)<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">of available tax assets </span> </span></span></span></span></div></td><td class=\"c x1ec y28d1 w1f h9e\"><div class=\"t m1 x3 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28d1 w20 h9e\"><div class=\"t m1 x3 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28d2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Other movements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d2 w1f h9d\"><div class=\"t m1 x129 h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1ed y28d2 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28d3 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y28d3 w1f h9d\"><div class=\"t m1 x24 h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y28d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "We have appl<span class=\"_ _4\"></span>ied the t<span class=\"_ _4\"></span>emporary exce<span class=\"_ _4\"></span>ption from<span class=\"ls0\"> <span class=\"ls186\">the accounting requirements for deferred taxes in IAS<span class=\"_ _0\"></span> 12 \u2018Income Taxes\u2019. Accordingly, </span></span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group neither r<span class=\"_ _4\"></span>ecognises nor disc<span class=\"_ _4\"></span>loses information <span class=\"_ _4\"></span>about deferred tax<span class=\"_ _4\"></span> assets and liabi<span class=\"_ _4\"></span>lities rel<span class=\"_ _4\"></span>ated to Pillar <span class=\"_ _4\"></span>2 income taxes<span class=\"ls0\">.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfKnownOrReasonablyEstimableInformationAboutExposureToPillarTwoIncomeTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "12<span class=\"ls1b7\">.2 Curren<span class=\"_ _0\"></span>t tax assets a<span class=\"_ _0\"></span>nd liabilitie</span>s The movements in our net current tax <span class=\"_ _4\"></span>assets/liabilities are as <span class=\"_ _4\"></span>follows:<span class=\"ls0\"> </span><table class=\"s wcc he3\" id=\"_39cde490-2a97-4868-9869-575dbe4e89cb\"><tr><td></td><td class=\"c x1f0 y27cb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27cb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y27cc w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y27cc w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a8 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls182 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls186\">t beginning of the year</span><span class=\"ls186\"> <span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28a8 w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28a8 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28a9 w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls18a ws0\">Charge to the <span class=\"ls18e\">consoli<span class=\"_ _4\"></span>dated income statement</span><span class=\"ls18e\"><span class=\"ls0\">  </span></span></div></td><td class=\"c x1f6 y28a9 w20 h9e\"><div class=\"t m1 x2b h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls188\">71</span>) </div></td><td class=\"c x1f7 y28a9 w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(90)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28aa w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18a ws0\">Credit to <span class=\"ls188\">equity</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28aa w20 h9d\"><div class=\"t m1 x177 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28aa w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y28ab w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls183 ws0\">Tax paid<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff5b fs2e fcb sc0 ls17d ws0\">65<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ab w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls17e ws0\">83<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ac w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18b ws0\">Other balance shee<span class=\"_ _4\"></span>t movements <span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ac w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ac w20 h9e\"><div class=\"t m1 x129 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1f5 y28ad w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28ad w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y28ad w20 h9d\"><div class=\"t m1 x3 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28ae w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff5b fs2e fcb sc0 ls189 ws0\">Net current tax<span class=\"_ _4\"></span> asset a<span class=\"ls1b9\">t end of the year</span><span class=\"ls1b9\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y28ae w20 h9d\"><div class=\"t m1 x1c7 h9b y1f29 ff5b fs2e fcb sc0 ls17e ws0\">24<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28ae w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28af w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Comprising:<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y28b0 w29 h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Current tax asset<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b0 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b0 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">17<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28b1 w29 h9d\"><div class=\"t m1 x1bf h9b y1f26 ff59 fs2e fcb sc0 ls18a ws0\">Current tax li<span class=\"_ _4\"></span>abilities<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28b1 w20 h9d\"><div class=\"t m1 x24 h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28b1 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(3)<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls0 ws0 gs13a\">13<span class=\"ls1b6\">. </span>E<span class=\"ls1ab\">arnings per share (EPS)</span>  </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs13b\">Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span> ordinary s<span class=\"_ _4\"></span>hares in i<span class=\"_ _4\"></span>ssue and the <span class=\"_ _4\"></span>shares <span class=\"ls184\">used to <span class=\"_ _4\"></span>calculate basic and dil<span class=\"_ _4\"></span>uted EPS are provided below.<span class=\"ls0\"> </span></span></div><div class=\"gs13c\"><table class=\"s wd9 hfb\" id=\"_6442cfb8-4033-4d58-b66c-785344e45c6a\"><tr><td></td><td class=\"c x26b y28d4 w43 h9e\"><div class=\"t m1 xa h42 y2149 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1e8 y28d4 w44 h9e\"><div class=\"t m1 xa h42 y2149 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x26c y28d5 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x26d y28d5 wdb hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td><td class=\"c x26e y28d5 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x26f y28d5 wdd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x270 y28d6 wde hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x271 y28d6 wdf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td><td class=\"c x272 y28d6 we0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x273 y28d6 we1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28d7 w42 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls182 ws0\">Number of shares a<span class=\"_ _4\"></span>t beginning of y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y28d7 w45 h9e\"><div class=\"t m1 xc4 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28d7 w46 h9e\"><div class=\"t m1 x1c8 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y28d7 w46 h9e\"><div class=\"t m1 x1ce h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">1,313,349,959<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28d7 w46 h9e\"><div class=\"t m1 x1ce h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">1,313,349,959<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28d8 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls18a ws0\">Cancellation of <span class=\"_ _4\"></span>own shares held in <span class=\"_ _4\"></span>Treasury<span class=\"ls0\"> </span></div></td><td class=\"c x26b y28d8 w45 h9d\"><div class=\"t m1 x1ca h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(44,588,231)<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28d8 w46 h9d\"><div class=\"t m1 x1b7 h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(17,713,133)<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y28d8 w46 h9d\"><div class=\"t m1 x1c0 h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(39,400,499)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28d8 w46 h9d\"><div class=\"t m1 xef h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(31,003,671)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28d9 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls182 ws0\">Number of shares a<span class=\"_ _4\"></span>t end of the year<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x26b y28d9 w45 h9e\"><div class=\"t m1 x1bc h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1,229,361,229<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28d9 w46 h9e\"><div class=\"t m1 xc4 h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1,256,236,327<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y28d9 w46 h9e\"><div class=\"t m1 x1cc h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28d9 w46 h9e\"><div class=\"t m1 x1c6 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1,282,346,288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28da w42 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls179 ws0\">Shares held in Treasur<span class=\"_ _4\"></span>y share reserve <span class=\"ls0\"> </span></div></td><td class=\"c x26b y28da w45 h9d\"><div class=\"t m1 x1c0 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(78,091,573)<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28da w46 h9d\"><div class=\"t m1 x1c5 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(86,191,256)<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y28da w46 h9d\"><div class=\"t m1 x1c0 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(84,044,723)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28da w46 h9d\"><div class=\"t m1 x1c1 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(86,618,732)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28db w42 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Group pl<span class=\"_ _4\"></span>c shares hel<span class=\"_ _4\"></span>d by Employee<span class=\"_ _4\"></span> Trust <span class=\"ls0\"> </span></div></td><td class=\"c x26b y28db w45 h9e\"><div class=\"t m1 x1c5 h9b y1f3d ff5b fs2e fcb sc0 ls186 ws0\">(33,622,391)<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28db w46 h9e\"><div class=\"t m1 xe9 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17d\">34<span class=\"ls194\">,303,729</span><span class=\"ls194\">)</span></span> </div></td><td class=\"c x1e8 y28db w46 h9e\"><div class=\"t m1 x1c0 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(35,203,028)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28db w46 h9e\"><div class=\"t m1 x1b7 h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(35,670,938)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28dc w42 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls182 ws0\">Basic number of <span class=\"_ _4\"></span>shares<span class=\"ls0\"> </span></div></td><td class=\"c x26b y28dc w45 h9e\"><div class=\"t m1 x1cc h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,117,647,265<span class=\"ls0\"> </span></div></td><td class=\"c x274 y28dc w46 h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,135,741,342<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y28dc w46 h9e\"><div class=\"t m1 x1ca h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">1,154,701,709<span class=\"ls0\"> </span></div></td><td class=\"c x275 y28dc w46 h9e\"><div class=\"t m1 xe9 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">1,160,056,618<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28dd w42 h9d\"><div class=\"t m1 x1b8 h9b y20fc ff59 fs2e fcb sc0 ls180 ws0\">Dilutive impact<span class=\"_ _4\"></span> of:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28de w42 h9e\"><div class=\"t m1 x1bf h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">E<span class=\"ls19b\">mployee sha<span class=\"_ _4\"></span>re awards</span><span class=\"ls19b\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x274 y28de w46 h9e\"><div class=\"t m1 x1b7 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">28,<span class=\"ls0\">7<span class=\"ls188\">74</span>,3</span>98<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x275 y28de w46 h9e\"><div class=\"t m1 x1ba h9b y1f63 ff59 fs2e fcb sc0 ls18d ws0\">28,072,378<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28df w42 h9d\"><div class=\"t m1 x1bf h9b y1f41 ff59 fs2e fcb sc0 ls197 ws0\">Employee<span class=\"ls0\"> <span class=\"ls199\">share options</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x274 y28df w46 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">361,628<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x275 y28df w46 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">946,849<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28e0 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff5b fs2e fcb sc0 ls189 ws0\">Dilutive number <span class=\"_ _4\"></span>of shares<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x274 y28e0 w46 h9d\"><div class=\"t m1 x1bc h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">1,164,<span class=\"ls0\">8<span class=\"ls188\">77</span>,3<span class=\"ls17d\">68</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x275 y28e0 w46 h9d\"><div class=\"t m1 x1ce h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">1,189,075,845<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x274 y28e1 w46 hb7\"><div class=\"t m1 x9 h42 y2288 ff5d fsd fcb sc0 ls0 ws0\"> </div><div class=\"t m1 x1e h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x275 y28e1 w46 hb7\"><div class=\"t m1 x9 h42 y2288 ff5c fsd fcb sc0 ls0 ws0\"> </div><div class=\"t m1 x1a h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y28e2 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls179 ws0\">Statutory profit (<span class=\"_ _4\"></span>$m)<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x274 y28e2 w46 h9e\"><div class=\"t m1 x1b3 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">17<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x275 y28e2 w46 h9e\"><div class=\"t m1 x1a h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">298<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28e3 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">Basic EPS <span class=\"ls0\"> </span></div></td><td></td><td class=\"c x274 y28e3 w46 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">1<span class=\"ls17d\">5.</span>4\u00a2 </div></td><td></td><td class=\"c x275 y28e3 w46 h9d\"><div class=\"t m1 x1cb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">25.7<span class=\"ls0\">\u00a2</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28e4 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls180 ws0\">Diluted EPS <span class=\"ls0\"> </span></div></td><td></td><td class=\"c x274 y28e4 w46 h9e\"><div class=\"t m1 x129 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">1<span class=\"ls17d\">5.</span>0\u00a2 </div></td><td></td><td class=\"c x275 y28e4 w46 h9e\"><div class=\"t m1 x1cb h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">25.1<span class=\"ls0\">\u00a2</span><span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls189 ws0 gs140\">Defined contrib<span class=\"_ _4\"></span>utio<span class=\"ls17d\">n plans<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls180 ws0 gs141\">Defined contribu<span class=\"_ _4\"></span>tion plan costs <span class=\"_ _4\"></span>totalled <span class=\"ls197\">$1<span class=\"ls0\">8 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion for <span class=\"_ _4\"></span>the year <span class=\"_ _4\"></span>to 31 Dec<span class=\"_ _4\"></span>ember 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $1</span>7 </span>million)<span class=\"_ _4\"></span>.<span class=\"ls0\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls189 ws0 gs143\">Defined benefit<span class=\"_ _4\"></span> plans<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs144\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the UK Plan comprised<span class=\"_ _0\"></span> <span class=\"ls17e\">85% <span class=\"ls187\">(31 December 202</span></span></span>4<span class=\"_ _0\"></span><span class=\"ls190\">: 8</span>8<span class=\"ls1be\">%) of our total<span class=\"_ _4\"></span> defined ben<span class=\"_ _4\"></span>efit pension<span class=\"_ _4\"></span> obligations<span class=\"ls0\">. </span></span></span></div><div class=\"gs145\"><table class=\"s we2 heb\" id=\"_085a7ca6-e48c-4828-9776-d0fec287029e\"><tr><td></td><td class=\"c x1f0 y2816 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2816 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y28e5 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28e5 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y28e6 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls17d ws0\">Present value of <span class=\"_ _4\"></span>funded obligations<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28e6 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(284)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28e6 w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(259)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28e7 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18d ws0\">Fair value of plan asset<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28e7 w20 h9d\"><div class=\"t m1 x16f h9b y209b ff5b fs2e fcb sc0 ls17e ws0\">298<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28e7 w20 h9d\"><div class=\"t m1 x1bd h9b y209b ff59 fs2e fcb sc0 ls18d ws0\">272<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y28e8 w29 h9d\"><div class=\"t m1 x0 h9b y1f41 ff5b fs2e fcb sc0 ls189 ws0\">Net pension asse<span class=\"_ _4\"></span>t<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y28e8 w20 h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y28e8 w20 h9d\"><div class=\"t m1 x4b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls198 ws0 gs147\">Impact on the <span class=\"ls18e\">con<span class=\"_ _0\"></span>solidated<span class=\"ls0\"> <span class=\"ls186\">financial statements</span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18a ws0 gs148\">Changes in the pr<span class=\"_ _4\"></span>esent value of the<span class=\"_ _4\"></span> defined <span class=\"ls17f\">benefit obligati<span class=\"_ _4\"></span>ons and the fair value of the <span class=\"_ _4\"></span>plan assets are as follows:<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></div><div class=\"gs149\"><table class=\"s we3 hfc\" id=\"_105a2db3-d207-48b8-8c46-adb359933bbd\"><tr><td></td><td></td><td class=\"c x276 y28e9 w33 hae\"><div class=\"t m1 x10a h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x22b y28e9 w48 hae\"><div class=\"t m1 x10f h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x277 y28ea we4 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Net pension<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x278 y28ea we5 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Net pension<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x279 y28eb we6 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">asset/<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x27a y28eb we7 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">asset/<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28ec w47 hb9\"><div class=\"t m1 x1b8 h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x276 y28ec w20 hba\"><div class=\"t m1 x1b9 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x27b y28ec w1f hba\"><div class=\"t m1 x1c0 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Liabilities </div></td><td class=\"c x27c y28ed we8 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">(liability)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x22b y28ec w20 hba\"><div class=\"t m1 xdc h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x216 y28ec w20 hba\"><div class=\"t m1 xef h42 y2086 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td><td class=\"c x27d y28ed we9 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">(liability)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y28ee w47 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28ee w20 h9e\"><div class=\"t m1 x16f h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">272<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28ee w1f h9e\"><div class=\"t m1 xdc h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(2<span class=\"ls17d\">59</span><span class=\"ls17d\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x232 y28ee w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28ee w20 h9e\"><div class=\"t m1 x16f h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">304<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28ee w20 h9e\"><div class=\"t m1 x75 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(292)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28ee w1f h9e\"><div class=\"t m1 x3 h9b y1f76 ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28ef w47 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls181 ws0\">Amounts recognised i<span class=\"_ _4\"></span>n profit and lo<span class=\"_ _4\"></span>ss:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f0 w47 h9d\"><div class=\"t m1 x1bf h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Current service <span class=\"_ _4\"></span>cost to employer<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f0 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f0 w1f h9d\"><div class=\"t m1 x4b h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">(2) </div></td><td class=\"c x232 y28f0 w20 h9d\"><div class=\"t m1 x24 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f0 w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f0 w20 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28f0 w1f h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f1 w47 h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls198 ws0\">Interest income<span class=\"_ _0\"></span>/(cost)<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f1 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28f1 w1f h9e\"><div class=\"t m1 x2b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f1 w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28f1 w20 h9e\"><div class=\"t m1 x4b h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">12<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28f1 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17c\">12</span>) </div></td><td class=\"c x220 y28f1 w1f h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28f2 w47 h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls18f ws0\">Running costs<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28f2 w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f2 w20 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28f2 w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28f2 w1f h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f3 w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Amounts recognised i<span class=\"_ _4\"></span>n other comprehensive<span class=\"ls0\"> <span class=\"ls185\">income:</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f4 w47 h9d\"><div class=\"t m1 x1bf h9b y1f33 ff59 fs2e fcb sc0 ls18f ws0\">Remeasurements due to:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y28f5 w47 h9d\"><div class=\"t m1 x1bf h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">changes in financial assumptions</span> </div></td><td class=\"c x276 y28f5 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f5 w1f h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x232 y28f5 w20 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x22b y28f5 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f5 w20 h9d\"><div class=\"t m1 x24 h9b y1f5f ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28f5 w1f h9d\"><div class=\"t m1 x24 h9b y1f5f ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y28f6 w47 h9e\"><div class=\"t m1 x1bf h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">changes in demographic assumptions</span> </div></td><td class=\"c x276 y28f6 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f6 w1f h9e\"><div class=\"t m1 x3 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f6 w20 h9e\"><div class=\"t m1 x4b h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f6 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f6 w20 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x220 y28f6 w1f h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y28f7 w47 h9d\"><div class=\"t m1 x1bf h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls188\">experience adjustments</span> </div></td><td class=\"c x276 y28f7 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x27b y28f7 w1f h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28f7 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28f7 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y28f7 w20 h9d\"><div class=\"t m1 x129 h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28f7 w1f h9d\"><div class=\"t m1 x129 h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x236 y28f8 wea hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 <span class=\"ls18e\">actual return on plan assets less int<span class=\"_ _4\"></span>erest<span class=\"_ _1bd\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x27e y28f9 web hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">on plan assets<span class=\"_ _1bd\"> </span></div></td><td class=\"c x276 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">1</div><div class=\"t m5 x1d h99 y22b3 ff5b fs2c fcb sc1 ls0 ws0\"> </div></td><td class=\"c x27b y28fa w1f ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28fa w20 ha2\"><div class=\"t m1 x1bd h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls18d\">23</span>) </div></td><td class=\"c x216 y28fa w20 ha2\"><div class=\"t m1 x129 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28fa w1f ha2\"><div class=\"t m1 x2b h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls18d\">23</span>) </div></td></tr><tr><td class=\"c x1eb y28fb w47 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls197 ws0\">Employer contributions (<span class=\"_ _4\"></span>including plan funding)<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fb w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x27b y28fb w1f h9d\"><div class=\"t m1 x129 h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x232 y28fb w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y28fb w20 h9d\"><div class=\"t m1 x129 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x216 y28fb w20 h9d\"><div class=\"t m1 x129 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x220 y28fb w1f h9d\"><div class=\"t m1 x1cb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1eb y28fc w47 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls197 ws0\">Employee contributions<span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fc w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x27b y28fc w1f h9e\"><div class=\"t m1 x3 h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fc w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y28fc w20 h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x216 y28fc w20 h9e\"><div class=\"t m1 x177 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28fc w1f h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28fd w47 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x276 y28fd w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">23<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28fd w1f h9d\"><div class=\"t m1 x189 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(22)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fd w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x22b y28fd w20 h9d\"><div class=\"t m1 x3 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(7)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28fd w20 h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x220 y28fd w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28fe w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Benefit <span class=\"ls184\">payments</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x276 y28fe w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28fe w1f h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28fe w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y28fe w20 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17c\">15</span>) </div></td><td class=\"c x216 y28fe w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x220 y28fe w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y28ff w47 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year <span class=\"ls0\"> </span></div></td><td class=\"c x276 y28ff w20 h9e\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">298<span class=\"ls0\"> </span></div></td><td class=\"c x27b y28ff w1f h9e\"><div class=\"t m1 xdc h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(284)<span class=\"ls0\"> </span></div></td><td class=\"c x232 y28ff w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x22b y28ff w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">272<span class=\"ls0\"> </span></div></td><td class=\"c x216 y28ff w20 h9e\"><div class=\"t m1 x75 h9b y1f31 ff59 fs2e fcb sc0 ls187 ws0\">(2<span class=\"ls17f\">59</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x220 y28ff w1f h9e\"><div class=\"t m1 x3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls181 ws0 gs14a\">Actuarial assumpti<span class=\"_ _4\"></span>ons used<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs14b\">The most significant actuarial<span class=\"_ _4\"></span> assumptions used in the valuations <span class=\"_ _4\"></span>of the two plans are as follows:<span class=\"ls0\"> </span></div><div class=\"gs14c\"><table class=\"s wec hfd\" id=\"_b98b46c2-dd9b-4158-88c9-c65f893ad826\"><tr><td></td><td class=\"c x232 y2900 w3a hae\"><div class=\"t m1 x1bb h42 y2149 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1ec y2900 w3a hae\"><div class=\"t m1 x189 h42 y2149 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td></td><td class=\"c x27f y2901 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x280 y2901 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e6 y2901 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2901 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x281 y2902 wed hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x282 y2902 wee hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x221 y2902 wed hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td><td class=\"c x283 y2902 wee hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">% p.a.<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2903 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls180 ws0\">Discount rate<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2903 w20 h9e\"><div class=\"t m1 x2b h9b y1f39 ff5b fs2e fcb sc0 ls17d ws0\">5.5<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2903 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">5.5<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2903 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1.3<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2903 w20 h9e\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1.1<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2904 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17d ws0\">Price inflati<span class=\"_ _4\"></span>on<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2904 w20 h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">2.8<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2904 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2904 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2904 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2905 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Future salary increases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2905 w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2905 w1f h9e\"><div class=\"t m1 xeb h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2905 w1f h9e\"><div class=\"t m1 x24 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2905 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2906 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17d ws0\">Pension payment increases<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x232 y2906 w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">3.6<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2906 w1f h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">3.7<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2906 w1f h9d\"><div class=\"t m1 x129 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2906 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2907 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls180 ws0\">Deferred pensions <span class=\"_ _4\"></span>increases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2907 w20 h9d\"><div class=\"t m1 x1bd h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">5.0<span class=\"ls0\"> </span></div></td><td class=\"c x250 y2907 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2907 w1f h9d\"><div class=\"t m1 x129 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y2907 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2908 w49 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Interest crediting<span class=\"_ _0\"></span> rate <span class=\"ls0\"> </span></div></td><td class=\"c x232 y2908 w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2908 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2908 w1f h9e\"><div class=\"t m1 x1c7 h9b y1f43 ff5b fs2e fcb sc0 ls17b ws0\">1.8<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2908 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">1.3<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2909 w49 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls179 ws0\">Social security i<span class=\"_ _4\"></span>ncreases<span class=\"ls0\"> </span></div></td><td class=\"c x232 y2909 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x250 y2909 w1f h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ec y2909 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">1.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2909 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">1.0<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs14d\">Illustrative life expe<span class=\"_ _0\"></span>ctancy assum<span class=\"_ _0\"></span>ptions are set ou<span class=\"_ _0\"></span>t in the table belo<span class=\"_ _0\"></span>w.<span class=\"ls0\"> </span></div><div class=\"gs14e\"><table class=\"s wef hfe\" id=\"_faff69c3-75d7-4c98-b18d-6259d713fab2\"><tr><td></td><td class=\"c x232 y290a w3a h9e\"><div class=\"t m1 x1bb h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1ec y290a w3a h9e\"><div class=\"t m1 x189 h42 y2086 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td class=\"c x1eb y290b w49 hae\"><div class=\"t m1 x1b8 h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">Years </div></td><td class=\"c x232 y290b w20 hae\"><div class=\"t m1 x16f h42 y1f33 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x250 y290b w1f hae\"><div class=\"t m1 x189 h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td class=\"c x1ec y290b w1f hae\"><div class=\"t m1 x16f h42 y1f33 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1ed y290b w20 hae\"><div class=\"t m1 x16f h42 y1f33 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y290c w49 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of male aged 60 at year<span class=\"ls0\">-</span>end<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290c w20 h9e\"><div class=\"t m1 x4 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">26.8<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290c w1f h9e\"><div class=\"t m1 x16f h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">26.5<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290c w1f h9e\"><div class=\"t m1 x75 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">28.1<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290c w20 h9e\"><div class=\"t m1 x16f h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">27.9<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290d w49 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of male aged 60 in 20 <span class=\"_ _4\"></span>years<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290d w20 h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">28.3<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290d w1f h9d\"><div class=\"t m1 x75 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">28.0<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290d w1f h9d\"><div class=\"t m1 x4 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">30.4<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290d w20 h9d\"><div class=\"t m1 x75 h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">30.3<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290e w49 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of female aged 60 at <span class=\"_ _4\"></span>year<span class=\"ls0\">-</span>end<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290e w20 h9e\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">29.5<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290e w1f h9e\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">29.4<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290e w1f h9e\"><div class=\"t m1 x75 h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">29.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290e w20 h9e\"><div class=\"t m1 x75 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">29.8<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y290f w49 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls188 ws0\">Life expectancy of female aged 60 in <span class=\"_ _4\"></span>20 years<span class=\"ls0\"> </span></div></td><td class=\"c x232 y290f w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">30.9<span class=\"ls0\"> </span></div></td><td class=\"c x250 y290f w1f h9d\"><div class=\"t m1 x75 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">30.8<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y290f w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">31.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y290f w20 h9d\"><div class=\"t m1 x16f h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">31.8<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs14f\">The duration of a pension plan <span class=\"_ _4\"></span>is the average term over which the pl<span class=\"_ _4\"></span>an\u2019s benefits are expected to fal<span class=\"_ _4\"></span>l due, weighted by the p<span class=\"ls18c\">resent value of </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs150\">each expected benefit payment. The duration <span class=\"_ _4\"></span>of the UK Plan is approximately <span class=\"ls17c\">11 <span class=\"ls18e\">years,<span class=\"_ _4\"></span> and the duration of the Swiss<span class=\"ls0\"> <span class=\"ls17d\">Plan is <span class=\"_ _4\"></span>approximately </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17c ws0 gs151\">16<span class=\"ls0\"> <span class=\"ls18e\">years.<span class=\"_ _1bd\"> </span></span></span><span class=\"ls0\"><span class=\"ff63\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls179 ws0 gs153\">Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs154\">The table below illustrates<span class=\"_ _4\"></span> the impact on the assessed value of <span class=\"_ _4\"></span>the benefit obligations from changing <span class=\"_ _4\"></span>the most sensitive actu<span class=\"ls18e\">arial </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs155\">assumptions in isolation. The calcul<span class=\"_ _4\"></span>ations have <span class=\"ls17f\">been carried out using <span class=\"_ _4\"></span>the same method and data as our pension fi<span class=\"_ _4\"></span>gures. A combination </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs156\">of<span class=\"ls0\"> <span class=\"ls18e\">changes in assumptions could produce a different <span class=\"_ _4\"></span>result. <span class=\"ls0\"> </span></span></span></div><div class=\"gs157\"><table class=\"s wf0 hf4\" id=\"_342494bf-8d1f-406f-845a-f369bf9e2daa\"><tr><td></td><td></td><td class=\"c x284 y2910 wf1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Increase in obligation at<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x285 y2910 wf2 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Increase in obligation at<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x286 y2911 wf3 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">31 December 2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x287 y2911 wf4 hd8\" colspan=\"2\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">31 December 2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2912 w4a hae\"><div class=\"t m1 x0 h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y2912 w1f hae\"><div class=\"t m1 x1c2 h42 y1f56 ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td class=\"c x289 y2912 w20 hae\"><div class=\"t m1 xe9 h42 y1f56 ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td class=\"c x1f6 y2912 w20 hae\"><div class=\"t m1 x1be h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td class=\"c x1f7 y2912 w20 hae\"><div class=\"t m1 x1c5 h42 y1f56 ff5c fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td></tr><tr><td class=\"c x1f5 y2913 w4a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Discount rate de<span class=\"_ _4\"></span>creased by 0.5% p.a.<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y2913 w1f h9d\"><div class=\"t m1 x4b h9b y1f29 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2913 w20 h9d\"><div class=\"t m1 x177 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f6 y2913 w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2913 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y2914 w4a h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls198 ws0\">Inflation rate incr<span class=\"_ _0\"></span>eased by 0.5%<span class=\"_ _0\"></span> p.a.<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2914 w1f h9d\"><div class=\"t m1 xeb h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x289 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1f7 y2914 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2915 w4a h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">One<span class=\"ls0\">-<span class=\"ls18e\">year increase in assumed life expectancy</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y2915 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x289 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x1f7 y2915 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls17d ws0 gs158\">Pension asset invest<span class=\"_ _4\"></span>ments<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs159\">The assets held by the two plans<span class=\"_ _4\"></span> are as <span class=\"ls186\">follows:<span class=\"ls0\"> </span></span></div><div class=\"gs15a\"><table class=\"s wf5 hff\" id=\"_9b62d39a-08e9-4ab5-8c04-433310259758\"><tr><td></td><td class=\"c x288 y2916 w3a hae\"><div class=\"t m1 x1bb h42 y1f3b ff5d fsd fcb sc0 ls0 ws0\">UK Plan </div></td><td></td><td class=\"c x1f6 y2916 w4b hae\"><div class=\"t m1 x16f h42 y1f3b ff5d fsd fcb sc0 ls0 ws0\">Swiss Plan </div></td><td></td></tr><tr><td class=\"c x1f5 y2917 w4a hae\"><div class=\"t m1 x0 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y2917 w1f hae\"><div class=\"t m1 x16f h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x289 y2917 w20 hae\"><div class=\"t m1 x16f h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024  </div></td><td class=\"c x1f6 y2917 w20 hae\"><div class=\"t m1 x75 h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1f7 y2917 w20 hae\"><div class=\"t m1 x16f h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024  </div></td></tr><tr><td class=\"c x1f5 y2918 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls181 ws0\">Bonds<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2918 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">105<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2918 w20 h9d\"><div class=\"t m1 x1bb h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">92<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2918 w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2918 w20 h9d\"><div class=\"t m1 x4b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2919 w4a h9e\"><div class=\"t m1 x0 h9b y1f63 ff59 fs2e fcb sc0 ls188 ws0\">Liability<span class=\"ls0\">-<span class=\"ls17f\">driven investments (<span class=\"_ _4\"></span>LDI)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x288 y2919 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">52<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2919 w20 h9e\"><div class=\"t m1 x1bb h9b y1f63 ff59 fs2e fcb sc0 ls197 ws0\">43<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2919 w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y2919 w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y291a w4a h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Fund investments<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291a w1f h9d\"><div class=\"t m1 x1bb h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291a w20 h9d\"><div class=\"t m1 x1bb h9b y1f3f ff59 fs2e fcb sc0 ls197 ws0\">43<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291a w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y291a w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td></tr><tr><td class=\"c x1f5 y291b w4a h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls198 ws0\">Index<span class=\"ls0\">-<span class=\"ls185\">linked g<span class=\"_ _0\"></span>overnmen<span class=\"_ _0\"></span>t bonds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y291b w1f h9e\"><div class=\"t m1 x4b h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291b w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291b w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y291b w20 h9e\"><div class=\"t m1 xeb h9b y1f71 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y291c w4a h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls197 ws0\">Equities<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291c w1f h9d\"><div class=\"t m1 x129 h9b y1f73 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291c w20 h9d\"><div class=\"t m1 xeb h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291c w20 h9d\"><div class=\"t m1 x24 h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y291c w20 h9d\"><div class=\"t m1 x4b h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y291d w4a h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17d ws0\">Property<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291d w1f h9d\"><div class=\"t m1 x129 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y291d w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y291e w4a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls18a ws0\">Cash<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291e w1f h9e\"><div class=\"t m1 x1bb h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">24<span class=\"ls0\"> </span></div></td><td class=\"c x289 y291e w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y291e w20 h9e\"><div class=\"t m1 x129 h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y291e w20 h9e\"><div class=\"t m1 xeb h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y291f w4a h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x288 y291f w1f h9d\"><div class=\"t m1 x129 h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y291f w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2920 w4a h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls183 ws0\">Total assets<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2920 w1f h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17e ws0\">256<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2920 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">240<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2920 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f49 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2920 w20 h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">32<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs15b\">The UK Plan investment strategy is<span class=\"_ _4\"></span> set by the trustees. The curr<span class=\"_ _4\"></span>ent strategy is broadly split<span class=\"_ _4\"></span> into growth and matching portfo<span class=\"ls1bb\">lios<span class=\"ls190\">, with t<span class=\"ls184\">he </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs15c\">growth portfolio invested <span class=\"_ _4\"></span>in Man Diversified Risk <span class=\"_ _4\"></span>Premia. The <span class=\"ls19b\">matchi<span class=\"_ _4\"></span>ng portfo<span class=\"_ _4\"></span>lio is <span class=\"_ _4\"></span>invested <span class=\"_ _4\"></span>primaril<span class=\"_ _4\"></span>y in gove<span class=\"_ _4\"></span>rnment and <span class=\"_ _4\"></span>corporate<span class=\"_ _4\"></span> bonds (t<span class=\"_ _4\"></span>he </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs15d\">latter through a<span class=\"_ _0\"></span>bsolute return<span class=\"_ _0\"></span> bonds<span class=\"ls0\"> <span class=\"ls18e\">and buy and maintain credit <span class=\"ls184\">holdings), and LDI funds. <span class=\"_ _4\"></span>The UK Plan investment strategy hedges <span class=\"_ _4\"></span>around </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17c ws0 gs15e\">100% of the movement in the<span class=\"_ _0\"></span> \u2018technical <span class=\"ls184\">provisions\u2019 funding <span class=\"_ _4\"></span>measure (as opposed to the accounting <span class=\"_ _4\"></span>measure under IAS 19 \u2018Employee </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs15f\">Benefits\u2019) for<span class=\"_ _4\"></span> both interest <span class=\"_ _4\"></span>rate and inflati<span class=\"_ _4\"></span>on expectation changes.<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17d ws0 gs160\">Part of the inv<span class=\"_ _4\"></span>estment objective of <span class=\"_ _4\"></span>the UK Plan is to <span class=\"_ _4\"></span>minimise fluctuations i<span class=\"_ _4\"></span>n the UK Plan\u2019s fundi<span class=\"ls197\">ng l<span class=\"_ _4\"></span>evels due to changes in t<span class=\"_ _4\"></span>he value of the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs161\">liabilities. This is pr<span class=\"_ _0\"></span>imarily achieve<span class=\"_ _0\"></span>d using the LD<span class=\"_ _0\"></span>I funds, whic<span class=\"_ _0\"></span>h aim to hedg<span class=\"_ _0\"></span>e moveme<span class=\"_ _0\"></span>nts in the pens<span class=\"_ _0\"></span>ion liability due t<span class=\"_ _0\"></span>o cha<span class=\"ls197\">nges in interest </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs162\">rate and inflation expectations<span class=\"_ _0\"></span>. LDI primarily involves the use of go<span class=\"ls18e\">vernm<span class=\"_ _0\"></span>ent bonds (including repurchase agreements) and deri<span class=\"_ _4\"></span>vatives such </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs163\">as interest rate and infl<span class=\"_ _4\"></span>ation swaps. There are no annuities or l<span class=\"_ _4\"></span>ongevity swaps. These instruments are typically <span class=\"_ _4\"></span>priced and c<span class=\"ls183\">ollateralised daily </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs164\">by the UK Plan\u2019s LDI manager and/or <span class=\"_ _4\"></span>centr<span class=\"ls18e\">al clearing houses. Given t<span class=\"_ _4\"></span>hat the purpose of LDI is to hedge corr<span class=\"_ _4\"></span>esponding liability exposures, the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs165\">main ri<span class=\"_ _4\"></span>sk is th<span class=\"_ _4\"></span>at the i<span class=\"_ _4\"></span>nvestments <span class=\"_ _4\"></span>held move <span class=\"_ _4\"></span>different<span class=\"_ _4\"></span>ly to t<span class=\"_ _4\"></span>he liabi<span class=\"_ _4\"></span>lity ex<span class=\"_ _4\"></span>posures. <span class=\"_ _4\"></span>This ris<span class=\"_ _4\"></span>k is mana<span class=\"_ _4\"></span>ged by the<span class=\"_ _4\"></span> trustees<span class=\"_ _4\"></span>, the<span class=\"ls185\">ir advisers and the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls193 ws0 gs166\">UK Plan\u2019s <span class=\"ls188\">LDI manager, <span class=\"_ _4\"></span>who<span class=\"ls0\"> <span class=\"ls18c\">regularly assess the pos<span class=\"_ _0\"></span>ition. </span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs167\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the UK Plan\u2019s hedging a<span class=\"_ _0\"></span>ssets continu<span class=\"_ _0\"></span>ed to</span> <span class=\"ls184\">hedge around <span class=\"ls17c\">100% <span class=\"ls183\">of interest rates and inflati<span class=\"_ _4\"></span>on on the technical </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs168\">provisions basis<span class=\"ls0\"> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: 100%). The level o<span class=\"_ _0\"></span>f leverage utilise<span class=\"_ _0\"></span>d was in line <span class=\"ls17a\">with regulatory r<span class=\"_ _4\"></span>equirements. <span class=\"_ _4\"></span>The UK Plan <span class=\"_ _4\"></span>maintains a <span class=\"_ _4\"></span>collateral<span class=\"_ _4\"></span> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs169\">waterfall<span class=\"_ _4\"></span> and has addi<span class=\"_ _4\"></span>tional sou<span class=\"_ _4\"></span>rces of shor<span class=\"_ _4\"></span>t<span class=\"ls0\">-<span class=\"ls186\">term cash from the trustee<span class=\"_ _0\"></span> bank account, and access to d<span class=\"_ _0\"></span>aily</span>-<span class=\"ls17f\">dealing funds should further </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs16a\">collateral calls be made.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs16b\">The government bond<span class=\"ls0\"> <span class=\"ls18e\">and <span class=\"ls17f\">buy a<span class=\"ls197\">nd maintain corporat<span class=\"_ _4\"></span>e bond assets<span class=\"ls0\"> <span class=\"ls184\">have prices quoted i<span class=\"_ _4\"></span>n active markets and the absolut<span class=\"_ _4\"></span>e return bonds, LDI </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs16c\">and Man Diversified Risk Premia are <span class=\"_ _4\"></span>primarily unquoted. At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, around <span class=\"ls18d\">29% <span class=\"ls183\">of the UK Plan assets relate to t<span class=\"_ _4\"></span>hose with quoted </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs16d\">prices and<span class=\"ls0\"> 7<span class=\"ls17c\">1% <span class=\"ls17a\">with unquot<span class=\"_ _4\"></span>ed prices (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: around <span class=\"ls18d\">28<span class=\"ls1be\">% quoted and <span class=\"ls199\">72</span>% unquoted<span class=\"_ _4\"></span>). The UK Pl<span class=\"_ _4\"></span>an does not <span class=\"_ _4\"></span>invest direct<span class=\"_ _4\"></span>ly in prope<span class=\"_ _4\"></span>rty </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs16e\">occupied by Man<span class=\"ls0\"> <span class=\"ls18b\">Group or our s<span class=\"_ _4\"></span>hares.</span></span><span class=\"ls0\"><span class=\"ls18b\"> <span class=\"ls0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span>Cash and cash equiv<span class=\"ls18e\">al<span class=\"_ _4\"></span>ents comprise cash and short<span class=\"ls0\">-<span class=\"ls186\">term investments in money m<span class=\"_ _0\"></span>arket funds or bank deposits with a<span class=\"_ _0\"></span>n original maturity </span></span></span>of three months or less. Cash <span class=\"_ _4\"></span>and cash equivalents are measured at amorti<span class=\"_ _4\"></span>sed cost, which is approximately equal <span class=\"_ _4\"></span>to fair value<span class=\"ls190\">. Cash and </span>cash eq<span class=\"ls184\">uivalents include r<span class=\"_ _4\"></span>estricted balances held by c<span class=\"_ _4\"></span>onsolidated fund entities to <span class=\"_ _4\"></span>which we do not have access<span class=\"ls0\">, <span class=\"ls18e\">and which are subject </span></span></span>to legal or contractual restrictions as to their us<span class=\"_ _0\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "Cash and cash eq<span class=\"ls184\">uivalents include r<span class=\"_ _4\"></span>estricted balances held by c<span class=\"_ _4\"></span>onsolidated fund entities to <span class=\"_ _4\"></span>which we do not have access<span class=\"ls0\">, <span class=\"ls18e\">and which are subject </span></span></span>to legal or contractual restrictions as to their us<span class=\"_ _0\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "Borrowings<span class=\"ls0\"> </span>Borrowings<span class=\"ls0\"> <span class=\"ls184\">primarily</span> <span class=\"ls18e\">comprise amounts drawn under committed <span class=\"_ _4\"></span>revolving credit facilities.<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">These borrowings are initially r<span class=\"_ _4\"></span>ecorded at fair </span></span></span></span>value and subsequently measured at amortised cost.<span class=\"ls0\"> <span class=\"ls180\">Drawdo<span class=\"_ _4\"></span>wns under <span class=\"ls18c\">revolving credit facilities<span class=\"ls0\"> <span class=\"ls18e\">are typically for maturities of <span class=\"_ _4\"></span>one </span></span></span></span></span>month or<span class=\"ls0\"> <span class=\"ls185\">less and are therefore prese<span class=\"_ _0\"></span>nted net of rep<span class=\"_ _0\"></span>ayments in th<span class=\"_ _0\"></span>e </span>c<span class=\"ls183\">onsolidated cash flow</span> <span class=\"ls199\">statement.</span>  </span>Also included wi<span class=\"_ _4\"></span>thin borrowings are<span class=\"_ _4\"></span> <span class=\"ls18e\">amounts payable to <span class=\"ls186\">third parties who hold<span class=\"ls0\"> <span class=\"ls185\">indirec<span class=\"_ _0\"></span>t interest</span>s <span class=\"ls185\">in </span></span></span>certain <span class=\"ls18a\">CLO<span class=\"ls199\">s that we manage. </span></span></span>The<span class=\"ls0\"> <span class=\"ls18c\">risk retention assets</span> <span class=\"ls185\">in th<span class=\"_ _0\"></span>es<span class=\"ls188\">e CLOs were partially funded through a s<span class=\"_ _4\"></span>eries of interest<span class=\"ls0\">-<span class=\"ls17f\">bearing term loans, wi<span class=\"_ _4\"></span>th principal amounts </span></span></span></span></span>outstanding also presented withi<span class=\"_ _4\"></span>n borrowings.<span class=\"ls0\"> </span>These borrowings are measured at fair<span class=\"_ _4\"></span> value through profit and loss.<span class=\"_ _4\"></span><span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "<div class=\"gsdd\"><table class=\"s wf6 h100\" id=\"_fb404ce6-dfb8-4f81-987a-cad8019fee96\"><tr><td></td><td class=\"c x1e6 y2921 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y2921 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y2922 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y2922 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2923 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls18a ws0\">Cash held with ba<span class=\"_ _4\"></span>nks <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2923 w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">96<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2923 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">162<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2924 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls179 ws0\">Short<span class=\"ls0\">-<span class=\"ls186\">term deposits</span></span><span class=\"ls0\"><span class=\"ls186\"> </span> </span></div></td><td class=\"c x1ec y2924 w1f h9e\"><div class=\"t m1 x1bb h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2924 w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">24<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2925 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls17a ws0\">Money market <span class=\"_ _4\"></span>funds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2925 w1f h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2925 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2926 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls18a ws0\">Cash held by consol<span class=\"_ _4\"></span>idated fund entit<span class=\"_ _4\"></span>ies (Note <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1ec y2926 w1f h9e\"><div class=\"t m1 x1bd h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">118<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2926 w20 h9e\"><div class=\"t m1 x189 h9b y1fa4 ff59 fs2e fcb sc0 ls18d ws0\">229<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2927 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff5b fs2e fcb sc0 ls182 ws0\">Cash and cash equi<span class=\"_ _4\"></span>valents <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2927 w1f h9d\"><div class=\"t m1 x1bd h9b y1f5f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2927 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2928 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls188 ws0\">Less: cash held by consolidated <span class=\"_ _4\"></span>fund entities (Note <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1ec y2928 w1f h9e\"><div class=\"t m1 x75 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2928 w20 h9e\"><div class=\"t m1 x4 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(229)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2929 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">Available cash an<span class=\"_ _4\"></span>d cash equivalents <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2929 w1f h9e\"><div class=\"t m1 x1bd h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2929 w20 h9e\"><div class=\"t m1 x189 h9b y1f39 ff59 fs2e fcb sc0 ls18d ws0\">225<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y292a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls193 ws0\">Undrawn committed r<span class=\"_ _4\"></span>evolving credi<span class=\"_ _4\"></span>t facility<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292a w1f h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls181 ws0\">800<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y292a w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff59 fs2e fcb sc0 ls17e ws0\">800<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y292b w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff5b fs2e fcb sc0 ls179 ws0\">Total liquidity<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292b w1f h9d\"><div class=\"t m1 x189 h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">973<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y292b w20 h9d\"><div class=\"t m1 x1c3 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">1,025<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls17b ws0 gs173\">15.2 <span class=\"ls182\">Borrowings<span class=\"ls0\"> </span></span></div><div class=\"gs174\"><table class=\"s wf7 h101\" id=\"_92722aa4-268a-4dcf-b3f2-c308e73d4bd7\"><tr><td></td><td class=\"c x1e6 y292c w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y292c w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y292d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y292d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y292e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls181 ws0\">Amounts drawn under co<span class=\"_ _4\"></span>mmitted revolving cre<span class=\"_ _4\"></span>dit facility <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292e w1f h9e\"><div class=\"t m1 x129 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1ed y292e w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y292f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y292f w1f h9d\"><div class=\"t m1 x4b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y292f w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2930 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls179 ws0\">Total b<span class=\"ls197\">orrowings</span><span class=\"ls197\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y2930 w1f h9e\"><div class=\"t m1 x4b h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2930 w20 h9e\"><div class=\"t m1 xeb h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs175\">Our $<span class=\"ls0\">8<span class=\"ls17e\">00 million committe<span class=\"_ _4\"></span>d revolving credit <span class=\"_ _4\"></span>facility (RCF) <span class=\"ls17a\">was <span class=\"_ _4\"></span>put in plac<span class=\"_ _4\"></span>e in December <span class=\"_ _4\"></span>2023 as a f<span class=\"_ _4\"></span>ive<span class=\"ls0\">-<span class=\"ls18e\">year facility<span class=\"ls190\">. As <span class=\"ls17f\">both</span></span></span> <span class=\"ls183\">one</span>-<span class=\"ls18e\">year </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs176\">extension options <span class=\"ls184\">ha<span class=\"ls18e\">ve<span class=\"ls0\"> <span class=\"ls17f\">been exercised<span class=\"ls190\">, the facility</span></span> <span class=\"ls185\">is scheduled to m<span class=\"_ _0\"></span>ature in Dec<span class=\"_ _0\"></span>ember 20<span class=\"ls17f\">30<span class=\"ls190\">. </span></span></span> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs177\">Other borrowings<span class=\"ls0\"> <span class=\"ls18c\">relate to <span class=\"ls18e\">amounts outstanding</span></span> <span class=\"ls184\">under ter<span class=\"_ _4\"></span>m loans <span class=\"ls17a\">which have<span class=\"_ _4\"></span> partiall<span class=\"_ _4\"></span>y funded ri<span class=\"_ _4\"></span>sk retention<span class=\"_ _4\"></span> assets <span class=\"ls185\">in CLOs <span class=\"ls19b\">managed b<span class=\"_ _4\"></span>y </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs178\">Bardin Hill<span class=\"ls0\"> <span class=\"ls18e\">and amounts</span> <span class=\"ls184\">payable t<span class=\"_ _4\"></span>o third parties who hold i<span class=\"_ _4\"></span>ndirect interests in thes<span class=\"_ _4\"></span>e CLOs<span class=\"ls0\">. <span class=\"ls183\">These borrowings have</span> <span class=\"ls19b\">maturit<span class=\"_ _4\"></span>y dates b<span class=\"_ _4\"></span>etween </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls182 ws0 gs179\">November 2026 and June <span class=\"_ _4\"></span>2029. <span class=\"ls183\">The<span class=\"ls0\"> <span class=\"ls17f\">borrowings in respect <span class=\"_ _4\"></span>of th<span class=\"ls185\">is<span class=\"ls0\"> <span class=\"ls18e\">arrangement at the date of acquisition <span class=\"_ _4\"></span>of Bardin Hill were $<span class=\"ls17c\">15<span class=\"ls0\"> <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion<span class=\"ls190\">, as </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gs17a\">set <span class=\"ls183\">out in Note 10.</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls0 ws0 gs17c\">16<span class=\"ls1b6\">. Fee and o<span class=\"_ _4\"></span>ther receivables</span><span class=\"ls1b6\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></div><table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.<span class=\"ls0\"> </span><div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls0 ws0 gs189\">19<span class=\"ls1b6\">. Trade and<span class=\"_ _4\"></span> other payables<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></div><table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table>Market ris<span class=\"_ _4\"></span>k hedges<span class=\"ls0\"> </span><table class=\"s w110 h10f\" id=\"_410cbf87-135c-4008-b9b4-98d6fdb2e808\"><tr><td></td><td class=\"c x1e6 y29e3 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29e3 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29e4 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29e4 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29e5 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29e6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e6 w1f h9e\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e6 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">104<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e7 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(58)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls187\">(liabilities)/<span class=\"ls18e\">assets<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y29e8 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(42)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e8 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">92<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ea w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">L<span class=\"ls183\">oss</span> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income <span class=\"ls199\">statement</span></span></span>  </div></td><td class=\"c x1ec y29ea w1f h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ea w20 h9d\"><div class=\"t m1 x4b h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr></table>The market risk from seeding i<span class=\"_ _4\"></span>nvestments, including those financed vi<span class=\"_ _4\"></span>a repo and TRS arrangements, is modelled usi<span class=\"_ _4\"></span>ng a value a<span class=\"ls186\">t risk </span>methodolog<span class=\"_ _4\"></span>y with a <span class=\"_ _4\"></span>95% confi<span class=\"_ _4\"></span>dence int<span class=\"_ _4\"></span>erval and<span class=\"_ _4\"></span> one<span class=\"ls0\">-<span class=\"ls18e\">year time horizon. The value <span class=\"_ _4\"></span>at risk<span class=\"ls190\">, net of <span class=\"ls19b\">market ris<span class=\"_ _4\"></span>k hedges,<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls185\">is estimated<span class=\"_ _0\"></span> to be </span></span></span></span></span></span>$<span class=\"ls17f\">60</span> <span class=\"ls19b\">million a<span class=\"_ _4\"></span>t 31 Dece<span class=\"_ _4\"></span>mber 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $</span>67 </span>million). <span class=\"_ _4\"></span><span class=\"ls0\"> </span></span>We general<span class=\"_ _4\"></span>ly hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n the assoc<span class=\"_ _4\"></span>iated fund <span class=\"_ _4\"></span>products to <span class=\"_ _4\"></span>hedge the mar<span class=\"_ _4\"></span>k<span class=\"ls0\">-<span class=\"ls186\">to</span>-<span class=\"ls19b\">market movement<span class=\"_ _4\"></span> in fund<span class=\"_ _4\"></span> product<span class=\"ls0\">-<span class=\"ls17f\">based </span></span></span></span>compensation over the vesting <span class=\"ls184\">period.<span class=\"ls0\"> </span></span>Our maximum exposure t<span class=\"_ _4\"></span>o loss associate<span class=\"_ _4\"></span>d with interests <span class=\"_ _4\"></span>in<span class=\"ls0\"> <span class=\"ls183\">our consolidated CLOs</span> <span class=\"ls185\">is limited to the net in<span class=\"_ _0\"></span>vestment in th<span class=\"_ _0\"></span>ese CLOs. <span class=\"_ _0\"></span></span> </span>Foreign currency risk<span class=\"ls0\"> </span>We are subj<span class=\"_ _4\"></span>ect to ris<span class=\"_ _4\"></span>k from changes<span class=\"_ _4\"></span> in forei<span class=\"_ _4\"></span>gn exchange ra<span class=\"_ _4\"></span>tes on monetar<span class=\"_ _4\"></span>y assets an<span class=\"_ _4\"></span>d liabili<span class=\"_ _4\"></span>ties.<span class=\"ls0\"> <span class=\"_ _4\"></span><span class=\"ls1b2\">In certain circum<span class=\"_ _0\"></span>stances, we us<span class=\"_ _0\"></span>e derivative </span></span>financial instruments, specifically forw<span class=\"_ _0\"></span>ard foreign exchange contra<span class=\"_ _0\"></span>cts with a one<span class=\"ls0\">-<span class=\"ls1a6\">month dura<span class=\"_ _4\"></span>tion, to<span class=\"_ _4\"></span> hedge the <span class=\"_ _4\"></span>risk as<span class=\"_ _4\"></span>sociated w<span class=\"_ _4\"></span>ith forei<span class=\"_ _4\"></span>gn </span></span>exchange movements.<span class=\"ls0\"> </span>Foreign exchange hedges<span class=\"ls0\"> </span><table class=\"s w111 h110\" id=\"_80ddf79c-ac91-43ea-bbf6-2862090422a1\"><tr><td></td><td class=\"c x1e6 y29eb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29eb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29ec w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29ec w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29ed w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ee w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ee w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ee w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ef w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ef w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(82)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ef w20 h9d\"><div class=\"t m1 x75 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(152)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls18e\">assets</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f0 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f0 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29f2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Gain/(loss) <span class=\"ls17f\">befor<span class=\"_ _4\"></span>e the impact of hedging<span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f2 w1f h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y29f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(5)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(Loss)/gain<span class=\"ls0\"> <span class=\"ls183\">on hedging instruments</span> </span></div></td><td class=\"c x1ec y29f3 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f3 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">Gain<span class=\"ls0\"> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income statement</span></span> <span class=\"ls18e\">after the impact of hedging</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f4 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1ed y29f4 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr></table>The table below reflects the <span class=\"_ _4\"></span>currency profile of our net f<span class=\"_ _4\"></span>oreign currency (non<span class=\"ls0\">-<span class=\"ls193\">USD) monetary <span class=\"_ _4\"></span>assets and liabi<span class=\"_ _4\"></span>lities aft<span class=\"_ _4\"></span>er the impact </span></span>of<span class=\"ls0\"> <span class=\"ls184\">hedging:</span> </span><table class=\"s w68 he8\" id=\"_e1b771c9-cd18-4c0c-89cd-eb645919bd4c\"><tr><td></td><td class=\"c x1e6 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29f5 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29f5 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29f6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls179 ws0\">Sterling<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f6 w1f h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f6 w20 h9e\"><div class=\"t m1 x16f h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(112)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls179 ws0\">Swiss Franc<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f7 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(70)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(19)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls197 ws0\">Euro<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f8 w1f h9d\"><div class=\"t m1 x1bb h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f8 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y29f9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Australian <span class=\"ls0\">D<span class=\"ls183\">ollar</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f9 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f9 w20 h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y29fa w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fa w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fa w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29fb w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fb w1f h9d\"><div class=\"t m1 x4 h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(109)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fb w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(100)<span class=\"ls0\"> </span></div></td></tr></table>A 10% strengthenin<span class=\"_ _4\"></span>g/weakening of the USD <span class=\"_ _4\"></span>against all other<span class=\"_ _4\"></span> currencies, wit<span class=\"_ _4\"></span>h all other vari<span class=\"_ _4\"></span>ables held constant<span class=\"_ _4\"></span>, would have res<span class=\"ls184\">ulted <span class=\"_ _4\"></span>in a </span>foreign exchange loss/gain of <span class=\"ls197\">$11 <span class=\"ls19b\">million (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>10 </span>milli<span class=\"_ _4\"></span>on), wit<span class=\"_ _4\"></span>h a corr<span class=\"_ _4\"></span>esponding <span class=\"_ _4\"></span>impact on <span class=\"_ _4\"></span>equity. <span class=\"_ _4\"></span>This pre<span class=\"ls0\">-<span class=\"ls186\">tax expos<span class=\"ls184\">ure is based <span class=\"_ _4\"></span>on non<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></span></span></span></span>USD balances hel<span class=\"_ _4\"></span>d by USD functiona<span class=\"_ _4\"></span>l currency enti<span class=\"_ _4\"></span>ties at 31 De<span class=\"_ _4\"></span>cember.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "16<span class=\"ls1b6\">. Fee and o<span class=\"_ _4\"></span>ther receivables</span><table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.<span class=\"ls0\"> </span>19<span class=\"ls1b6\">. Trade and<span class=\"_ _4\"></span> other payables<span class=\"_ _4\"></span><span class=\"ls0\"> </span></span><table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s w109 h10b\" id=\"_5923b740-5a0f-4f41-a629-bcd808ac550f\"><tr><td></td><td></td><td></td><td></td><td class=\"c x29e y29a0 w4e h9e\"><div class=\"t m1 x153 h42 y20e0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x29f y29a1 w10a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y29a2 w4d ha9\"><div class=\"t m1 x1b8 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">$m</div><div class=\"t m6 x1bc hc4 y238f ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a0 y29a2 w1e ha9\"><div class=\"t m1 x1b7 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x29e y29a2 w20 ha9\"><div class=\"t m1 x1b9 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 1 </div></td><td class=\"c x2a1 y29a2 w23 ha9\"><div class=\"t m1 x1c2 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 2 </div></td><td class=\"c x22b y29a2 w23 ha9\"><div class=\"t m1 x1be h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 3 </div></td><td class=\"c x2a2 y29a3 w10b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2a3 y29a2 w20 ha9\"><div class=\"t m1 x16f h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y29a4 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29a5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a5 w1e h9d\"><div class=\"t m1 x1ba h9b y1f3f ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a5 w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">84 </div></td><td class=\"c x2a3 y29a5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a6 w1e h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a6 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a6 w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2<span class=\"ls17e\">91</span> </div></td><td class=\"c x2a3 y29a6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other <span class=\"ls18c\">receivables</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29a7 w1e h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a7 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a7 w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a7 w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29a8 w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a8 w23 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a8 w20 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29aa w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29aa w1e h9d\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29aa w20 h9d\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y29aa w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29aa w20 h9d\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ab w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ab w1e h9d\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ab w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ab w23 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">217<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ab w23 h9d\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ab w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ab w20 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">248<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ac w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ac w1e h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x216 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y29ad w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ad w1e h9d\"><div class=\"t m1 xef h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ad w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ad w23 h9d\"><div class=\"t m1 x1be h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,301<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ad w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">156<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ad w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ad w20 h9d\"><div class=\"t m1 x1b9 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ae w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ae w1e h9d\"><div class=\"t m1 xef h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ae w20 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29ae w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">368<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ae w23 h9d\"><div class=\"t m1 x2b h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ae w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ae w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">832<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29af w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29af w23 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29af w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29af w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29af w20 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">2,59<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b0 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x29e y29b0 w20 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29b0 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b0 w23 h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b0 w23 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b0 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">3,538<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b1 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b2 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b2 w1e h9d\"><div class=\"t m1 x1be h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b2 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b2 w23 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b2 w20 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b3 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b3 w1e h9e\"><div class=\"t m1 x1c1 h9b y1fa4 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b3 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b3 w23 h9e\"><div class=\"t m1 x4 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b3 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29b4 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b4 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b4 w20 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b6 w1e h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b6 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b6 w23 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b6 w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other <span class=\"ls184\">payables</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29b7 w1e h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b7 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b7 w23 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b7 w23 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">148</span>) </div></td><td class=\"c x216 y29b7 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b7 w20 h9d\"><div class=\"t m1 x4 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">152</span>) </div></td></tr><tr><td class=\"c x1eb y29b8 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b8 w1e h9d\"><div class=\"t m1 xef h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b8 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b8 w23 h9d\"><div class=\"t m1 x1c1 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b8 w20 h9d\"><div class=\"t m1 xef h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a0 y29b9 w1e h9e\"><div class=\"t m1 xef h9b y1fa4 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b9 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b9 w23 h9e\"><div class=\"t m1 x1b9 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b9 w20 h9e\"><div class=\"t m1 x1c3 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29ba w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ba w23 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ba w23 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29ba w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ba w20 h9d\"><div class=\"t m1 x1c2 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,<span class=\"ls17b\">11<span class=\"ls0\">1</span></span><span class=\"ls17b\"><span class=\"ls0\">) </span></span></div></td></tr><tr><td class=\"c x1eb y29bb w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x29e y29bb w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29bb w23 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29bb w23 h9d\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29bb w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29bb w20 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(3,<span class=\"ls181\">07<span class=\"ls0\">3</span></span><span class=\"ls181\"><span class=\"ls0\">)</span></span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td></tr></table><table class=\"s w10c h10c\" id=\"_f98b25b6-330c-4ac6-8c17-d0446f84903c\"><tr><td></td><td></td><td></td><td></td><td class=\"c x2a4 y29bc w4d hae\"><div class=\"t m1 x153 h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024</div><div class=\"t m6 x141 hc4 y23a0 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 y29bd w10d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y29be w4d haf\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x2a6 y29be w1e haf\"><div class=\"t m1 x1c0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x2a4 y29be w23 haf\"><div class=\"t m1 x1c3 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 1</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a7 y29be w23 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 2</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x28b y29be w20 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 3</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a8 y29bf w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y29be w20 haf\"><div class=\"t m1 x16f h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Total</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1f5 y29c0 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c1 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c1 w1e h9e\"><div class=\"t m1 xef h9b y1f31 ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c1 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c1 w23 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c1 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c2 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c2 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">15 </div></td><td class=\"c x2a4 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c2 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c2 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c2 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c3 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">Fee and <span class=\"ls183\">other receivables</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c3 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c3 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c3 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c4 w23 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c4 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c5 w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c6 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c6 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c6 w23 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x28b y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y29c7 w4d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c7 w1e h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c7 w23 h9d\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">216<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c7 w20 h9d\"><div class=\"t m1 x4b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c7 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">232<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c8 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c8 w1e h9e\"><div class=\"t m1 xdc h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c9 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c9 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c9 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,242<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c9 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ca w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29ca w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29ca w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29ca w23 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">379<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29ca w20 h9d\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29ca w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29ca w20 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29cb w23 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cb w23 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cb w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cb w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29cb w20 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,419<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cc w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x2a4 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cc w23 h9d\"><div class=\"t m1 x1c3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cc w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cc w20 h9d\"><div class=\"t m1 x1be h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">3,409<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cd w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29ce w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29ce w1e h9d\"><div class=\"t m1 x1c2 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29ce w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29ce w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29ce w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cf w4d h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29cf w1e h9d\"><div class=\"t m1 x1c1 h9b y1f2b ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29cf w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29cf w23 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cf w20 h9d\"><div class=\"t m1 x4 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d0 w23 h9d\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d0 w20 h9d\"><div class=\"t m1 x4 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d1 w4d h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29d2 w4d h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29d2 w1e h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d2 w23 h9e\"><div class=\"t m1 x4b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d2 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d2 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d3 w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18a ws0\">CLO <span class=\"ls185\">liabilities <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span></span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29d3 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d3 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d3 w20 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d4 w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a6 y29d4 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f29 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d4 w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d4 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d4 w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d5 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d5 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d5 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,939)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d6 w4d h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x2a4 y29d6 w23 h9d\"><div class=\"t m1 x177 h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d6 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d6 w20 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d6 w23 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d6 w20 h9d\"><div class=\"t m1 x1ba h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(2,822)<span class=\"ls0\"> </span></div></td></tr></table>The movements in Level 3 financial <span class=\"_ _4\"></span><span class=\"ls18e\">assets and liabilities held <span class=\"_ _4\"></span>at fair value are as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span><table class=\"s w10f h10e\" id=\"_7b5f7f8d-3cc1-4aaf-92ec-69ce99b36265\"><tr><td></td><td class=\"c x288 y29db w3a h9e\"><div class=\"t m1 x177 h42 y23a8 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y29db w4b h9e\"><div class=\"t m1 x177 h42 y23a8 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td class=\"c x1f5 y29dc w4a hae\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y29dc w1f hae\"><div class=\"t m1 x1c3 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x289 y29dc w20 hae\"><div class=\"t m1 x1c0 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Liabilities  </div></td><td class=\"c x1f6 y29dc w20 hae\"><div class=\"t m1 xdc h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x1f7 y29dc w20 hae\"><div class=\"t m1 x1c1 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td></tr><tr><td class=\"c x1f5 y29dd w4a h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29dd w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">158<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29dd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29de w4a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls183 ws0\">Transfers into Level 3<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29de w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29df w4a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Additions <span class=\"ls0\"> </span></div></td><td class=\"c x288 y29df w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y29df w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">10</span>2) </div></td><td class=\"c x1f6 y29df w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">166<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29df w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e0 w4a h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income statemen<span class=\"_ _0\"></span>t<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 x193 haa y23ad ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x194 h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x288 y29e0 w1f h9d\"><div class=\"t m1 x4b h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e0 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(45)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29e0 w20 h9d\"><div class=\"t m1 x3 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e0 w20 h9d\"><div class=\"t m1 x4b h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29e1 w4a h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls179 ws0\">Sales or settlements<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e1 w1f h9e\"><div class=\"t m1 xdc h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(392)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e1 w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(137)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e2 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Change in consoli<span class=\"_ _4\"></span>dated fund entitie<span class=\"_ _4\"></span>s held<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e2 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(62)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e2 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">102<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27dc w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y27dc w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y27dc w20 h9d\"><div class=\"t m1 x75 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x1f6 y27dc w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Included within net income or gains on investments and other financial instruments. Includes net unrealised losses of $47 million (2024: $3 million) and foreign exchange movements. The Level 3 financial assets <span class=\"_ _4\"></span>in the portfolios of our <span class=\"_ _4\"></span>consolidated fund entities other <span class=\"_ _4\"></span>than CLOs primarily comprise <span class=\"ls17f\">bonds, equit<span class=\"_ _4\"></span>ies and credit<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span>linked notes.<span class=\"ls0\"> <span class=\"ls183\">The techniques used the valuations of those assets primarily <span class=\"_ _4\"></span>include discounted cash flows, esti<span class=\"_ _4\"></span>mat<span class=\"ls188\">ed recovery and single </span></span></span>broker quotes. The unobservable i<span class=\"_ _4\"></span>nputs in those valuations compri<span class=\"_ _4\"></span>se future cash flows, discount r<span class=\"_ _4\"></span>ates and yields.<span class=\"ls0\"> <span class=\"ls188\">Level 3 f<span class=\"_ _4\"></span>inancial assets </span></span>also include carried interest<span class=\"_ _4\"></span> receivable which is valued based on the <span class=\"_ _4\"></span>NAV of the underlying fu<span class=\"ls197\">nds.<span class=\"ls0\"> </span></span>Level 3 financial liabil<span class=\"_ _4\"></span>ities comprise<span class=\"ls0\"> <span class=\"ls185\">loans,</span> <span class=\"ls18e\">contingent consideration <span class=\"ls184\">payable<span class=\"ls190\">, carried interest payable<span class=\"_ _0\"></span></span></span></span> <span class=\"ls18e\">and put option</span>s <span class=\"ls183\">over non</span>-<span class=\"ls18e\">controlling </span></span>interests.<span class=\"ls0\"> <span class=\"ls183\">The</span> <span class=\"ls18e\">valuation</span>s <span class=\"ls183\">of the</span> <span class=\"ls18e\">contingent consideration payable for the acquisition of Aster<span class=\"_ _4\"></span>ia<span class=\"ls190\">, capped at $<span class=\"_ _0\"></span><span class=\"ls17f\">57 million,<span class=\"ls0\"> </span></span></span>and the put option over<span class=\"_ _4\"></span> </span></span>the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests assume annualised growth in revenue of <span class=\"_ _4\"></span>up to <span class=\"ls17c\">11<span class=\"ls1be\">%. <span class=\"ls183\">The valuation of t<span class=\"_ _4\"></span>he contingent consideration payable for </span></span></span></span></span>the acquisition of Bardin Hill<span class=\"ls0\"> <span class=\"ls18e\">assumes annualised growth i<span class=\"ls197\">n <span class=\"ls18c\">revenue of up to 9%</span></span></span>.<span class=\"_ _0\"></span> C<span class=\"ls18e\">arried interest payable is valued at <span class=\"_ _4\"></span>the equal and opposite </span></span>of carried interest recei<span class=\"_ _4\"></span>vable.<span class=\"ls0\"> </span>Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span>A 5% increase/decrea<span class=\"_ _4\"></span>se in the valuati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> <span class=\"ls183\">of Level 3 financial assets</span> <span class=\"ls18e\">at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">would result i<span class=\"_ _4\"></span>n a <span class=\"ls0\">$<span class=\"ls17c\">14</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on increa<span class=\"_ _4\"></span>se/decrease<span class=\"_ _4\"></span> </span></span></span></span></span></span>in<span class=\"ls0\"> <span class=\"ls186\">the</span></span>ir<span class=\"ls0\"> <span class=\"ls186\">fair value.</span> </span>The table below illustrates<span class=\"_ _4\"></span> the impact of changing those unobservable <span class=\"_ _4\"></span>inputs to the valuations<span class=\"ls0\"> </span>of contingent <span class=\"_ _4\"></span>consideration and put options<span class=\"ls0\"> </span>over non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests</span> <span class=\"ls185\">in relation to the acquisition<span class=\"_ _0\"></span></span>s </span>of Asteria<span class=\"ls0\"> <span class=\"ls18e\">and Bardin Hill</span> <span class=\"ls186\">that <span class=\"ls19b\">most si<span class=\"_ _4\"></span>gnifican<span class=\"_ _4\"></span>tly impac<span class=\"_ _4\"></span>t<span class=\"ls0\"> <span class=\"ls186\">the fair value </span></span></span></span></span>of<span class=\"ls0\"> <span class=\"ls186\">the</span> <span class=\"ls185\">liabilities at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>025.</span> </span><table class=\"s w10e h10d\" id=\"_417ef400-e626-44c1-999a-0c766a2c25e1\"><tr><td></td><td></td><td class=\"c x211 y29d7 w2c haf\"><div class=\"t m1 x67 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Increase/(decrease) in liability </div></td></tr><tr><td class=\"c x1f5 y29d8 w2b hae\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x211 y29d8 w2c hae\"><div class=\"t m1 x177 h42 y211f ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td></tr><tr><td class=\"c x1f5 y29d9 w2b h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls181 ws0\">Asteria f<span class=\"ls183\">orecast annual<span class=\"_ _4\"></span>ised growth in future revenues incr<span class=\"_ _4\"></span>eased by <span class=\"ls17c\">150%/(<span class=\"ls17f\">decreased by 50%<span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x211 y29d9 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x212 y29d9 w1f h9e\"><div class=\"t m1 x3 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">(7) </div></td></tr><tr><td class=\"c x1f5 y29da w2b h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill <span class=\"ls186\">forecast<span class=\"ls0\"> <span class=\"ls18e\">annualised growth in <span class=\"_ _4\"></span>future<span class=\"ls0\"> <span class=\"ls18c\">revenues increased by 8<span class=\"_ _0\"></span></span>7<span class=\"ls1be\">%/(decreased by <span class=\"_ _4\"></span>8<span class=\"ls0\">7%</span><span class=\"ls0\">) </span></span></span></span></span></span></div></td><td class=\"c x211 y29da w1f h9d\"><div class=\"t m1 x129 h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x212 y29da w1f h9d\"><div class=\"t m1 x2b h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(1<span class=\"ls0\">5</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Fee and other receivables are <span class=\"_ _4\"></span>initially recorded at f<span class=\"_ _4\"></span>air value and subsequently measured at <span class=\"_ _4\"></span>amortised cost using the effecti<span class=\"_ _4\"></span>v<span class=\"ls188\">e interest </span>rate method, except for derivativ<span class=\"_ _0\"></span>es<span class=\"ls0\"> <span class=\"ls18e\">and carried interest receivable</span> <span class=\"ls187\">(measured at fair value through profit and<span class=\"_ _0\"></span> loss) and prepaymen<span class=\"_ _0\"></span>ts. Fee </span></span>receivables and accrued inc<span class=\"_ _0\"></span>ome relate to managem<span class=\"_ _0\"></span>ent and performance<span class=\"_ _0\"></span> fees and are received in cash fo<span class=\"_ _0\"></span>llowing finalisation of t<span class=\"ls184\">he NAVs </span>of the underlying fu<span class=\"ls197\">nds or <span class=\"_ _4\"></span>managed accounts.<span class=\"_ _1bd\"> </span></span>Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "<div class=\"gsdd\"><table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs180\">Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs181\">after more than 12 months.<span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "<table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "<table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "<table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.<table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s w109 h10b\" id=\"_5923b740-5a0f-4f41-a629-bcd808ac550f\"><tr><td></td><td></td><td></td><td></td><td class=\"c x29e y29a0 w4e h9e\"><div class=\"t m1 x153 h42 y20e0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x29f y29a1 w10a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y29a2 w4d ha9\"><div class=\"t m1 x1b8 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">$m</div><div class=\"t m6 x1bc hc4 y238f ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a0 y29a2 w1e ha9\"><div class=\"t m1 x1b7 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x29e y29a2 w20 ha9\"><div class=\"t m1 x1b9 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 1 </div></td><td class=\"c x2a1 y29a2 w23 ha9\"><div class=\"t m1 x1c2 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 2 </div></td><td class=\"c x22b y29a2 w23 ha9\"><div class=\"t m1 x1be h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 3 </div></td><td class=\"c x2a2 y29a3 w10b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2a3 y29a2 w20 ha9\"><div class=\"t m1 x16f h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y29a4 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29a5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a5 w1e h9d\"><div class=\"t m1 x1ba h9b y1f3f ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a5 w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">84 </div></td><td class=\"c x2a3 y29a5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a6 w1e h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a6 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a6 w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2<span class=\"ls17e\">91</span> </div></td><td class=\"c x2a3 y29a6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other <span class=\"ls18c\">receivables</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29a7 w1e h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a7 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a7 w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a7 w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29a8 w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a8 w23 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a8 w20 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29aa w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29aa w1e h9d\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29aa w20 h9d\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y29aa w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29aa w20 h9d\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ab w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ab w1e h9d\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ab w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ab w23 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">217<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ab w23 h9d\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ab w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ab w20 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">248<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ac w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ac w1e h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x216 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y29ad w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ad w1e h9d\"><div class=\"t m1 xef h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ad w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ad w23 h9d\"><div class=\"t m1 x1be h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,301<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ad w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">156<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ad w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ad w20 h9d\"><div class=\"t m1 x1b9 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ae w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ae w1e h9d\"><div class=\"t m1 xef h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ae w20 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29ae w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">368<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ae w23 h9d\"><div class=\"t m1 x2b h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ae w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ae w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">832<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29af w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29af w23 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29af w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29af w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29af w20 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">2,59<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b0 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x29e y29b0 w20 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29b0 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b0 w23 h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b0 w23 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b0 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">3,538<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b1 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b2 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b2 w1e h9d\"><div class=\"t m1 x1be h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b2 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b2 w23 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b2 w20 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b3 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b3 w1e h9e\"><div class=\"t m1 x1c1 h9b y1fa4 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b3 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b3 w23 h9e\"><div class=\"t m1 x4 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b3 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29b4 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b4 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b4 w20 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b6 w1e h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b6 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b6 w23 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b6 w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other <span class=\"ls184\">payables</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29b7 w1e h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b7 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b7 w23 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b7 w23 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">148</span>) </div></td><td class=\"c x216 y29b7 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b7 w20 h9d\"><div class=\"t m1 x4 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">152</span>) </div></td></tr><tr><td class=\"c x1eb y29b8 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b8 w1e h9d\"><div class=\"t m1 xef h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b8 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b8 w23 h9d\"><div class=\"t m1 x1c1 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b8 w20 h9d\"><div class=\"t m1 xef h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a0 y29b9 w1e h9e\"><div class=\"t m1 xef h9b y1fa4 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b9 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b9 w23 h9e\"><div class=\"t m1 x1b9 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b9 w20 h9e\"><div class=\"t m1 x1c3 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29ba w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ba w23 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ba w23 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29ba w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ba w20 h9d\"><div class=\"t m1 x1c2 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,<span class=\"ls17b\">11<span class=\"ls0\">1</span></span><span class=\"ls17b\"><span class=\"ls0\">) </span></span></div></td></tr><tr><td class=\"c x1eb y29bb w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x29e y29bb w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29bb w23 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29bb w23 h9d\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29bb w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29bb w20 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(3,<span class=\"ls181\">07<span class=\"ls0\">3</span></span><span class=\"ls181\"><span class=\"ls0\">)</span></span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td></tr></table><table class=\"s w10c h10c\" id=\"_f98b25b6-330c-4ac6-8c17-d0446f84903c\"><tr><td></td><td></td><td></td><td></td><td class=\"c x2a4 y29bc w4d hae\"><div class=\"t m1 x153 h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024</div><div class=\"t m6 x141 hc4 y23a0 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 y29bd w10d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y29be w4d haf\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x2a6 y29be w1e haf\"><div class=\"t m1 x1c0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x2a4 y29be w23 haf\"><div class=\"t m1 x1c3 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 1</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a7 y29be w23 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 2</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x28b y29be w20 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 3</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a8 y29bf w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y29be w20 haf\"><div class=\"t m1 x16f h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Total</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1f5 y29c0 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c1 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c1 w1e h9e\"><div class=\"t m1 xef h9b y1f31 ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c1 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c1 w23 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c1 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c2 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c2 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">15 </div></td><td class=\"c x2a4 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c2 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c2 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c2 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c3 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">Fee and <span class=\"ls183\">other receivables</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c3 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c3 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c3 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c4 w23 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c4 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c5 w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c6 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c6 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c6 w23 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x28b y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y29c7 w4d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c7 w1e h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c7 w23 h9d\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">216<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c7 w20 h9d\"><div class=\"t m1 x4b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c7 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">232<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c8 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c8 w1e h9e\"><div class=\"t m1 xdc h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c9 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c9 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c9 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,242<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c9 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ca w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29ca w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29ca w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29ca w23 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">379<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29ca w20 h9d\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29ca w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29ca w20 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29cb w23 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cb w23 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cb w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cb w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29cb w20 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,419<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cc w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x2a4 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cc w23 h9d\"><div class=\"t m1 x1c3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cc w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cc w20 h9d\"><div class=\"t m1 x1be h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">3,409<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cd w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29ce w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29ce w1e h9d\"><div class=\"t m1 x1c2 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29ce w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29ce w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29ce w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cf w4d h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29cf w1e h9d\"><div class=\"t m1 x1c1 h9b y1f2b ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29cf w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29cf w23 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cf w20 h9d\"><div class=\"t m1 x4 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d0 w23 h9d\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d0 w20 h9d\"><div class=\"t m1 x4 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d1 w4d h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29d2 w4d h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29d2 w1e h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d2 w23 h9e\"><div class=\"t m1 x4b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d2 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d2 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d3 w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18a ws0\">CLO <span class=\"ls185\">liabilities <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span></span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29d3 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d3 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d3 w20 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d4 w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a6 y29d4 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f29 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d4 w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d4 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d4 w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d5 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d5 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d5 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,939)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d6 w4d h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x2a4 y29d6 w23 h9d\"><div class=\"t m1 x177 h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d6 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d6 w20 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d6 w23 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d6 w20 h9d\"><div class=\"t m1 x1ba h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(2,822)<span class=\"ls0\"> </span></div></td></tr></table>The movements in Level 3 financial <span class=\"_ _4\"></span><span class=\"ls18e\">assets and liabilities held <span class=\"_ _4\"></span>at fair value are as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span><table class=\"s w10f h10e\" id=\"_7b5f7f8d-3cc1-4aaf-92ec-69ce99b36265\"><tr><td></td><td class=\"c x288 y29db w3a h9e\"><div class=\"t m1 x177 h42 y23a8 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y29db w4b h9e\"><div class=\"t m1 x177 h42 y23a8 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td class=\"c x1f5 y29dc w4a hae\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y29dc w1f hae\"><div class=\"t m1 x1c3 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x289 y29dc w20 hae\"><div class=\"t m1 x1c0 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Liabilities  </div></td><td class=\"c x1f6 y29dc w20 hae\"><div class=\"t m1 xdc h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x1f7 y29dc w20 hae\"><div class=\"t m1 x1c1 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td></tr><tr><td class=\"c x1f5 y29dd w4a h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29dd w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">158<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29dd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29de w4a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls183 ws0\">Transfers into Level 3<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29de w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29df w4a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Additions <span class=\"ls0\"> </span></div></td><td class=\"c x288 y29df w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y29df w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">10</span>2) </div></td><td class=\"c x1f6 y29df w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">166<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29df w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e0 w4a h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income statemen<span class=\"_ _0\"></span>t<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 x193 haa y23ad ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x194 h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x288 y29e0 w1f h9d\"><div class=\"t m1 x4b h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e0 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(45)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29e0 w20 h9d\"><div class=\"t m1 x3 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e0 w20 h9d\"><div class=\"t m1 x4b h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29e1 w4a h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls179 ws0\">Sales or settlements<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e1 w1f h9e\"><div class=\"t m1 xdc h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(392)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e1 w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(137)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e2 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Change in consoli<span class=\"_ _4\"></span>dated fund entitie<span class=\"_ _4\"></span>s held<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e2 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(62)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e2 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">102<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27dc w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y27dc w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y27dc w20 h9d\"><div class=\"t m1 x75 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x1f6 y27dc w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Included within net income or gains on investments and other financial instruments. Includes net unrealised losses of $47 million (2024: $3 million) and foreign exchange movements. The Level 3 financial assets <span class=\"_ _4\"></span>in the portfolios of our <span class=\"_ _4\"></span>consolidated fund entities other <span class=\"_ _4\"></span>than CLOs primarily comprise <span class=\"ls17f\">bonds, equit<span class=\"_ _4\"></span>ies and credit<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span>linked notes.<span class=\"ls0\"> <span class=\"ls183\">The techniques used the valuations of those assets primarily <span class=\"_ _4\"></span>include discounted cash flows, esti<span class=\"_ _4\"></span>mat<span class=\"ls188\">ed recovery and single </span></span></span>broker quotes. The unobservable i<span class=\"_ _4\"></span>nputs in those valuations compri<span class=\"_ _4\"></span>se future cash flows, discount r<span class=\"_ _4\"></span>ates and yields.<span class=\"ls0\"> <span class=\"ls188\">Level 3 f<span class=\"_ _4\"></span>inancial assets </span></span>also include carried interest<span class=\"_ _4\"></span> receivable which is valued based on the <span class=\"_ _4\"></span>NAV of the underlying fu<span class=\"ls197\">nds.<span class=\"ls0\"> </span></span>Level 3 financial liabil<span class=\"_ _4\"></span>ities comprise<span class=\"ls0\"> <span class=\"ls185\">loans,</span> <span class=\"ls18e\">contingent consideration <span class=\"ls184\">payable<span class=\"ls190\">, carried interest payable<span class=\"_ _0\"></span></span></span></span> <span class=\"ls18e\">and put option</span>s <span class=\"ls183\">over non</span>-<span class=\"ls18e\">controlling </span></span>interests.<span class=\"ls0\"> <span class=\"ls183\">The</span> <span class=\"ls18e\">valuation</span>s <span class=\"ls183\">of the</span> <span class=\"ls18e\">contingent consideration payable for the acquisition of Aster<span class=\"_ _4\"></span>ia<span class=\"ls190\">, capped at $<span class=\"_ _0\"></span><span class=\"ls17f\">57 million,<span class=\"ls0\"> </span></span></span>and the put option over<span class=\"_ _4\"></span> </span></span>the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests assume annualised growth in revenue of <span class=\"_ _4\"></span>up to <span class=\"ls17c\">11<span class=\"ls1be\">%. <span class=\"ls183\">The valuation of t<span class=\"_ _4\"></span>he contingent consideration payable for </span></span></span></span></span>the acquisition of Bardin Hill<span class=\"ls0\"> <span class=\"ls18e\">assumes annualised growth i<span class=\"ls197\">n <span class=\"ls18c\">revenue of up to 9%</span></span></span>.<span class=\"_ _0\"></span> C<span class=\"ls18e\">arried interest payable is valued at <span class=\"_ _4\"></span>the equal and opposite </span></span>of carried interest recei<span class=\"_ _4\"></span>vable.<span class=\"ls0\"> </span>Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span>A 5% increase/decrea<span class=\"_ _4\"></span>se in the valuati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> <span class=\"ls183\">of Level 3 financial assets</span> <span class=\"ls18e\">at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">would result i<span class=\"_ _4\"></span>n a <span class=\"ls0\">$<span class=\"ls17c\">14</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on increa<span class=\"_ _4\"></span>se/decrease<span class=\"_ _4\"></span> </span></span></span></span></span></span>in<span class=\"ls0\"> <span class=\"ls186\">the</span></span>ir<span class=\"ls0\"> <span class=\"ls186\">fair value.</span> </span>The table below illustrates<span class=\"_ _4\"></span> the impact of changing those unobservable <span class=\"_ _4\"></span>inputs to the valuations<span class=\"ls0\"> </span>of contingent <span class=\"_ _4\"></span>consideration and put options<span class=\"ls0\"> </span>over non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests</span> <span class=\"ls185\">in relation to the acquisition<span class=\"_ _0\"></span></span>s </span>of Asteria<span class=\"ls0\"> <span class=\"ls18e\">and Bardin Hill</span> <span class=\"ls186\">that <span class=\"ls19b\">most si<span class=\"_ _4\"></span>gnifican<span class=\"_ _4\"></span>tly impac<span class=\"_ _4\"></span>t<span class=\"ls0\"> <span class=\"ls186\">the fair value </span></span></span></span></span>of<span class=\"ls0\"> <span class=\"ls186\">the</span> <span class=\"ls185\">liabilities at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>025.</span> </span><table class=\"s w10e h10d\" id=\"_417ef400-e626-44c1-999a-0c766a2c25e1\"><tr><td></td><td></td><td class=\"c x211 y29d7 w2c haf\"><div class=\"t m1 x67 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Increase/(decrease) in liability </div></td></tr><tr><td class=\"c x1f5 y29d8 w2b hae\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x211 y29d8 w2c hae\"><div class=\"t m1 x177 h42 y211f ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td></tr><tr><td class=\"c x1f5 y29d9 w2b h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls181 ws0\">Asteria f<span class=\"ls183\">orecast annual<span class=\"_ _4\"></span>ised growth in future revenues incr<span class=\"_ _4\"></span>eased by <span class=\"ls17c\">150%/(<span class=\"ls17f\">decreased by 50%<span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x211 y29d9 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x212 y29d9 w1f h9e\"><div class=\"t m1 x3 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">(7) </div></td></tr><tr><td class=\"c x1f5 y29da w2b h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill <span class=\"ls186\">forecast<span class=\"ls0\"> <span class=\"ls18e\">annualised growth in <span class=\"_ _4\"></span>future<span class=\"ls0\"> <span class=\"ls18c\">revenues increased by 8<span class=\"_ _0\"></span></span>7<span class=\"ls1be\">%/(decreased by <span class=\"_ _4\"></span>8<span class=\"ls0\">7%</span><span class=\"ls0\">) </span></span></span></span></span></span></div></td><td class=\"c x211 y29da w1f h9d\"><div class=\"t m1 x129 h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x212 y29da w1f h9d\"><div class=\"t m1 x2b h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(1<span class=\"ls0\">5</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "<table class=\"s wf8 h102\" id=\"_67550a38-5e5a-41ca-9888-ab16d24a0f91\"><tr><td></td><td class=\"c x1f0 y2931 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2931 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2932 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2932 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2933 w29 h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at amorti<span class=\"_ _4\"></span>sed cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2934 w29 h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee receivables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2934 w20 h9e\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2934 w20 h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2935 w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Accrued income<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2935 w20 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">366<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2935 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">258<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2936 w29 h9d\"><div class=\"t m1 x0 h9b y209b ff59 fs2e fcb sc0 ls18a ws0\">Collateral post<span class=\"_ _4\"></span>ed with derivative<span class=\"_ _4\"></span> counterparties<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2936 w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2936 w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">47<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2937 w29 h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Receivables from Open<span class=\"ls0\">-<span class=\"ls197\">Ended I<span class=\"_ _4\"></span>nvestment Co<span class=\"ls19b\">mpany<span class=\"ls0\"> <span class=\"ls187\">(OEIC) funds</span> </span></span></span></span></div></td><td class=\"c x1f6 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2937 w20 h9e\"><div class=\"t m1 x1bb h9b y1f43 ff59 fs2e fcb sc0 ls197 ws0\">46<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2938 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18b ws0\">Other fund recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2938 w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">31 </div></td><td class=\"c x1f7 y2938 w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2939 w29 h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other receivable<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2939 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2939 w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293a w29 h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Receivables relat<span class=\"_ _4\"></span>ing to consolidated<span class=\"_ _4\"></span> fund entities (Not<span class=\"_ _4\"></span>e <span class=\"ls0\">5<span class=\"ls190\">.2</span></span><span class=\"ls0\"><span class=\"ls190\">)</span> </span></div></td><td class=\"c x1f6 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1f7 y293a w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td></td><td class=\"c x1f6 y293b w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293b w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y293c w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets at fai<span class=\"_ _4\"></span>r value through profit or <span class=\"_ _4\"></span>loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y293d w29 h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y293d w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y293e w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t <span class=\"ls18c\">receivable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></span></div></td><td class=\"c x1f6 y293e w20 h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293e w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td></td><td class=\"c x1f6 y293f w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y293f w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y2940 w29 h9d\"><div class=\"t m1 x0 h9b y1f2b ff5b fs2e fcb sc0 ls189 ws0\">Non<span class=\"ls0\">-<span class=\"ls19e\">financial assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2941 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls17d ws0\">Prepayments<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2941 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2941 w20 h9e\"><div class=\"t m1 x1bb h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2942 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f79 ff5b fs2e fcb sc0 ls17d ws0\">33<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2942 w20 h9e\"><div class=\"t m1 x1bb h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2943 w29 h9d\"><div class=\"t m1 x0 h9b y1f4d ff5b fs2e fcb sc0 ls179 ws0\">Total fee and other recei<span class=\"_ _4\"></span>vables<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2943 w20 h9d\"><div class=\"t m1 x16f h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">6<span class=\"ls17d\">57</span> </div></td><td class=\"c x1f7 y2943 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff59 fs2e fcb sc0 ls197 ws0\">492<span class=\"ls0\"> </span></div></td></tr></table>Included in fee a<span class=\"_ _0\"></span>nd other receiv<span class=\"_ _0\"></span>ables at 31 Dece<span class=\"_ _0\"></span>mber 202<span class=\"ls0\">5<span class=\"_ _0\"></span> <span class=\"ls18e\">are balances of </span>$<span class=\"ls17f\">59 <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4: $2 </span>million<span class=\"_ _4\"></span>) which a<span class=\"_ _4\"></span>re <span class=\"ls188\">expected to be settled </span></span></span></span>after more than 12 months.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Accounting policy<span class=\"ls0\"> </span>All leasehold <span class=\"_ _4\"></span>improvements and equipment <span class=\"_ _4\"></span>are recorded at cos<span class=\"_ _4\"></span>t less depreciati<span class=\"_ _4\"></span>on and impairment. Co<span class=\"_ _4\"></span>st includes the or<span class=\"_ _4\"></span>iginal pu<span class=\"ls18c\">rchase </span>price of<span class=\"ls0\"> <span class=\"ls186\">the asset and costs directly attributable to bringing th<span class=\"_ _0\"></span>e asset to its working condition for its intende<span class=\"_ _0\"></span>d use. Depr<span class=\"ls188\">eciation is </span></span></span>calculated using the<span class=\"ls0\"> <span class=\"ls199\">straight</span>-<span class=\"ls185\">line method over the<span class=\"_ _0\"></span> asset\u2019s estim<span class=\"_ _0\"></span>ated useful life, w<span class=\"_ _0\"></span>hich for lease<span class=\"_ _0\"></span>hold improve<span class=\"_ _0\"></span>ments is the s<span class=\"_ _0\"></span>horter of the </span></span>life of the lease an<span class=\"_ _0\"></span>d that of<span class=\"ls0\"> <span class=\"ls186\">the<span class=\"_ _0\"></span> improvement (up to 24 yea<span class=\"_ _0\"></span>rs) and for equipment is betwee<span class=\"_ _0\"></span>n three and ten y<span class=\"ls188\">ears.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "<div class=\"gsdd\"><table class=\"s wf9 h103\" id=\"_396d10e5-5cb8-4378-8b91-317edc219f95\"><tr><td></td><td></td><td class=\"c x28a y2944 w33 hae\"><div class=\"t m1 x28 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td><td class=\"c x28b y2944 w33 hae\"><div class=\"t m1 x10f h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x28c y2945 w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x28d y2945 wa0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Leasehold<span class=\"_ _1bd\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2946 w4c h9c\"><div class=\"t m1 x0 h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x28e y2947 wfa hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">improvements<span class=\"_ _1bd\"> </span></div></td><td class=\"c x28f y2946 w20 h9c\"><div class=\"t m1 xe9 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Equipment </div></td><td class=\"c x288 y2946 w1f h9c\"><div class=\"t m1 x16f h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Total </div></td><td class=\"c x290 y2947 wfb hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">improvements<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f6 y2946 w20 h9c\"><div class=\"t m1 x1ca h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">Equipment </div></td><td class=\"c x1f7 y2946 w20 h9c\"><div class=\"t m1 x189 h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2948 w4c h9d\"><div class=\"t m1 x0 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Cost at beginnin<span class=\"_ _4\"></span>g of the year<span class=\"ls0\"> </span></div></td><td class=\"c x28a y2948 w20 h9d\"><div class=\"t m1 x4b h9b y1f4d ff5b fs2e fcb sc0 ls188 ws0\">71<span class=\"ls0\"> </span></div></td><td class=\"c x28f y2948 w20 h9d\"><div class=\"t m1 x24 h9b y1f4d ff5b fs2e fcb sc0 ls188 ws0\">76<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2948 w1f h9d\"><div class=\"t m1 x1bd h9b y1f4d ff5b fs2e fcb sc0 ls17b ws0\">147<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2948 w1f h9d\"><div class=\"t m1 x4b h9b y1f4d ff59 fs2e fcb sc0 ls199 ws0\">73<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2948 w20 h9d\"><div class=\"t m1 x24 h9b y1f4d ff59 fs2e fcb sc0 ls17f ws0\">67<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2948 w20 h9d\"><div class=\"t m1 x1bd h9b y1f4d ff59 fs2e fcb sc0 ls17c ws0\">140<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2949 w4c h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls181 ws0\">Acquired through b<span class=\"_ _4\"></span>usiness combinations <span class=\"ls187\">(Note 10)<span class=\"ls0\"> </span></span></div></td><td class=\"c x28a y2949 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x28f y2949 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x288 y2949 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x28b y2949 w1f h9e\"><div class=\"t m1 x129 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2949 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y2949 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2855 w4c h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x28a y2855 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x28f y2855 w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2855 w1f h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2855 w1f h9d\"><div class=\"t m1 x129 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f6 y2855 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2855 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">18<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2856 w4c h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x28a y2856 w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x28f y2856 w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(9)<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2856 w1f h9e\"><div class=\"t m1 x1bd h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">10</span>) </div></td><td class=\"c x28b y2856 w1f h9e\"><div class=\"t m1 x3 h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2856 w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2856 w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2857 w4c h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls182 ws0\">Cost at end of<span class=\"_ _4\"></span> the year<span class=\"ls0\"> </span></div></td><td class=\"c x28a y2857 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">81<span class=\"ls0\"> </span></div></td><td class=\"c x28f y2857 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2857 w1f h9e\"><div class=\"t m1 x189 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">158<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2857 w1f h9e\"><div class=\"t m1 x3 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">71<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2857 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">76<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2857 w20 h9e\"><div class=\"t m1 x2b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">147<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y294a wa4 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment at<span class=\"_ _4\"></span> beginning<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2833 wa5 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x28a y2859 w20 ha3\"><div class=\"t m1 x189 h9b y209b ff5b fs2e fcb sc0 ls186 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x28f y2859 w20 ha3\"><div class=\"t m1 x189 h9b y209b ff5b fs2e fcb sc0 ls186 ws0\">(50)<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2859 w1f ha3\"><div class=\"t m1 x189 h9b y209b ff5b fs2e fcb sc0 ls186 ws0\">(89)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2859 w1f ha3\"><div class=\"t m1 x2b h9b y209b ff59 fs2e fcb sc0 ls187 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2859 w20 ha3\"><div class=\"t m1 x1bd h9b y209b ff59 fs2e fcb sc0 ls187 ws0\">(48)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2859 w20 ha3\"><div class=\"t m1 x2b h9b y209b ff59 fs2e fcb sc0 ls187 ws0\">(87)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285a w4c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls180 ws0\">Disposals<span class=\"ls0\"> </span></div></td><td class=\"c x28a y285a w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28f y285a w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x288 y285a w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x28b y285a w1f h9e\"><div class=\"t m1 x129 h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f6 y285a w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y285a w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td></tr><tr><td class=\"c x1f5 y294b w4c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation<span class=\"ls0\"> </span></div></td><td class=\"c x28a y294b w20 h9d\"><div class=\"t m1 x24 h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(5)<span class=\"ls0\"> </span></div></td><td class=\"c x28f y294b w20 h9d\"><div class=\"t m1 x1bd h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(10)<span class=\"ls0\"> </span></div></td><td class=\"c x288 y294b w1f h9d\"><div class=\"t m1 x2b h9b y1f45 ff5b fs2e fcb sc0 ls186 ws0\">(15)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y294b w1f h9d\"><div class=\"t m1 x3 h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y294b w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(8)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y294b w20 h9d\"><div class=\"t m1 x1bb h9b y1f45 ff59 fs2e fcb sc0 ls187 ws0\">(11)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y294c wa6 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls193 ws0\">Accumulated depreciat<span class=\"_ _4\"></span>ion and impairment <span class=\"_ _4\"></span>at end<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x210 y2838 wa7 hde\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls197 ws0\">of the year<span class=\"_ _1bd\"> </span></div></td><td class=\"c x28a y285d w20 ha3\"><div class=\"t m1 x16f h9b y1f7c ff5b fs2e fcb sc0 ls186 ws0\">(44)<span class=\"ls0\"> </span></div></td><td class=\"c x28f y285d w20 ha3\"><div class=\"t m1 x1bd h9b y1f7c ff5b fs2e fcb sc0 ls186 ws0\">(51)<span class=\"ls0\"> </span></div></td><td class=\"c x288 y285d w1f ha3\"><div class=\"t m1 x189 h9b y1f7c ff5b fs2e fcb sc0 ls186 ws0\">(95)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y285d w1f ha3\"><div class=\"t m1 x2b h9b y1f7c ff59 fs2e fcb sc0 ls187 ws0\">(39)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y285d w20 ha3\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls187 ws0\">(50)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y285d w20 ha3\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls187 ws0\">(89)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y294d w4c h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls182 ws0\">Net book value <span class=\"_ _4\"></span>at beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x28a y294d w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x28f y294d w20 h9e\"><div class=\"t m1 x1bb h9b y1f35 ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\"> </span></div></td><td class=\"c x288 y294d w1f h9e\"><div class=\"t m1 x1bb h9b y1f35 ff5b fs2e fcb sc0 ls17d ws0\">58<span class=\"ls0\"> </span></div></td><td class=\"c x28b y294d w1f h9e\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y294d w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y294d w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">53<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y285f w4c h9e\"><div class=\"t m1 x0 h9b y1f31 ff5b fs2e fcb sc0 ls189 ws0\">Net book value <span class=\"_ _4\"></span>at end of the ye<span class=\"_ _4\"></span>ar<span class=\"ls0\"> </span></div></td><td class=\"c x28a y285f w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x28f y285f w20 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\"> </span></div></td><td class=\"c x288 y285f w1f h9e\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">63<span class=\"ls0\"> </span></div></td><td class=\"c x28b y285f w1f h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">32<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y285f w20 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">26<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y285f w20 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">58<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Trade and other payables are ini<span class=\"_ _4\"></span>tially recorded at fair val<span class=\"_ _4\"></span>ue, which is usually the invoi<span class=\"_ _4\"></span>ced amount, and subsequently measure<span class=\"ls17f\">d at </span>amortised cost using the effective <span class=\"_ _4\"></span>interest rate method, except for deri<span class=\"_ _4\"></span>vatives<span class=\"ls190\">, contingen<span class=\"_ _0\"></span>t consideration<span class=\"_ _0\"></span> payable, carried<span class=\"_ _0\"></span> int<span class=\"ls188\">erest </span></span>payable<span class=\"ls0\"> <span class=\"ls18e\">and put options over non</span>-<span class=\"ls18e\">controlling inter<span class=\"_ _4\"></span>ests <span class=\"ls185\">in<span class=\"ls0\"> <span class=\"ls199\">subsidiaries</span>, <span class=\"ls17a\">which are meas<span class=\"_ _4\"></span>ured at fai<span class=\"_ _4\"></span>r value th<span class=\"_ _4\"></span>rough profit<span class=\"_ _4\"></span> and loss.<span class=\"_ _1bd\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "<div class=\"gsdd\"><table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "<table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "<table class=\"s wfd h105\" id=\"_6c8d8f59-3a78-41ea-a34f-a114b42cf95c\"><tr><td></td><td class=\"c x1e6 y295a w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y295a w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y295b w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y295b w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y295c w29 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at amortised cost<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y295d w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls183 ws0\">Trade payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295d w1f h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x1ed y295d w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y295e w29 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18a ws0\">Compensation accruals<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295e w1f h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">432<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295e w20 h9e\"><div class=\"t m1 x16f h9b y1f3d ff59 fs2e fcb sc0 ls197 ws0\">426<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y295f w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">Other accruals <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y295f w1f h9d\"><div class=\"t m1 x2b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">113<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y295f w20 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">101<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2960 w29 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls17d ws0\">Payables to OEIC f<span class=\"_ _4\"></span>unds<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2960 w1f h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">72<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2960 w20 h9d\"><div class=\"t m1 x1bb h9b y209b ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2961 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17d ws0\">Payables under repo <span class=\"_ _4\"></span>arrangements<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2961 w1f h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2961 w20 h9e\"><div class=\"t m1 x4b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2962 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Tax and social security<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2962 w1f h9d\"><div class=\"t m1 x4b h9b y1f45 ff5b fs2e fcb sc0 ls17e ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2962 w20 h9d\"><div class=\"t m1 x4b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2963 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff59 fs2e fcb sc0 ls18b ws0\">Other payables<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2963 w1f h9d\"><div class=\"t m1 x24 h9b y1f77 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2963 w20 h9d\"><div class=\"t m1 xeb h9b y1f77 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2964 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17d ws0\">Payables relating <span class=\"_ _4\"></span>to consolidated fund <span class=\"_ _4\"></span>entities (Note <span class=\"ls17f\">5.2</span><span class=\"ls17f\"><span class=\"ls0\">) </span></span></div></td><td class=\"c x1ec y2964 w1f h9e\"><div class=\"t m1 x1bb h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2964 w20 h9e\"><div class=\"t m1 x1bb h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y2965 w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17d ws0\">691<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2965 w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">635<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2966 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff5b fs2e fcb sc0 ls179 ws0\">Financial liabiliti<span class=\"_ _4\"></span>es at fair value through <span class=\"_ _4\"></span>profit or loss<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2967 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls180 ws0\">Derivatives<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2967 w1f h9d\"><div class=\"t m1 xeb h9b y1f29 ff5b fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x1ed y2967 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1eb y2968 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls18a ws0\">Carried interes<span class=\"_ _4\"></span>t payable<span class=\"ls0\"> (N<span class=\"ls183\">ote 10</span><span class=\"ls183\">)</span> </span></div></td><td class=\"c x1ec y2968 w1f h9d\"><div class=\"t m1 x1bb h9b y1f4d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2968 w20 h9d\"><div class=\"t m1 xeb h9b y1f4d ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1eb y2969 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18a ws0\">Contingent consider<span class=\"_ _4\"></span>ation <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y2969 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2969 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y296a w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17d ws0\">Put options over <span class=\"ls197\">non<span class=\"ls0\">-<span class=\"ls18e\">controll<span class=\"_ _4\"></span>ing interests in subsidiaries</span></span></span><span class=\"ls197\"><span class=\"ls0\"><span class=\"ls18e\"><span class=\"ls0\"> </span></span></span></span></div></td><td class=\"c x1ec y296a w1f h9d\"><div class=\"t m1 x1bb h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">34<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296a w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">10<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1ec y296b w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">152<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296b w20 h9d\"><div class=\"t m1 x1bb h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y296c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total trade and other payabl<span class=\"_ _4\"></span>es<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y296c w1f h9d\"><div class=\"t m1 x16f h9b y1f26 ff5b fs2e fcb sc0 ls181 ws0\">843<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y296c w20 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">655<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls1a9 ws0 gs17c\">20<span class=\"ls1b6\">. Provisions</span><span class=\"ls1b6\"><span class=\"ls0\"> </span></span></div><table class=\"s wfe h106\" id=\"_de096ee5-c921-4709-a754-3fdc76dd46db\"><tr><td></td><td class=\"c x291 y296d w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold</div></td><td class=\"c x292 y296e wff hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Ongoing<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y296f w2a haf\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x293 y2970 w100 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">restoration<span class=\"_ _1bd\"> </span></div></td><td class=\"c x294 y2970 w101 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">claims<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f7 y296f w20 haf\"><div class=\"t m1 x16f h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2971 w2a h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">A<span class=\"ls186\">t <span class=\"ls17c\">1 January 202</span></span>4 </div></td><td class=\"c x28b y2971 w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x295 y2971 w1f h9d\"><div class=\"t m1 x3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2971 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2972 w2a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2972 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y2972 w1f h9e\"><div class=\"t m1 x1cb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2972 w20 h9e\"><div class=\"t m1 x129 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2973 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls193 ws0\">Unused amounts reve<span class=\"_ _4\"></span>rsed<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2973 w20 h9d\"><div class=\"t m1 x177 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2973 w1f h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y2973 w20 h9d\"><div class=\"t m1 x3 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2872 w2a h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17f\">31 December 202<span class=\"ls0\">4</span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x28b y2872 w20 h9e\"><div class=\"t m1 x129 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x295 y2872 w1f h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2872 w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2974 w2a h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\">  </span></div></td><td class=\"c x28b y2974 w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2974 w1f h9e\"><div class=\"t m1 x129 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2974 w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2875 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2875 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y2875 w1f h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2875 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2876 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls193 ws0\">At 31 December 202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x28b y2876 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2876 w1f h9d\"><div class=\"t m1 x4b h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2876 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Provisions are r<span class=\"_ _4\"></span>ecognised when Man Group has a <span class=\"_ _4\"></span>present obligation (<span class=\"_ _4\"></span>legal or constructi<span class=\"_ _4\"></span>ve) as a result <span class=\"_ _4\"></span>of a past event, i<span class=\"_ _4\"></span>t is <span class=\"ls184\">probable that </span>we will b<span class=\"_ _4\"></span>e required t<span class=\"_ _4\"></span>o settle t<span class=\"_ _4\"></span>he obligati<span class=\"_ _4\"></span>on, and a r<span class=\"_ _4\"></span>eliable es<span class=\"_ _4\"></span>timate can b<span class=\"_ _4\"></span>e made of the<span class=\"_ _4\"></span> amount of th<span class=\"_ _4\"></span>e obligati<span class=\"_ _4\"></span>on. Al<span class=\"ls185\">l provisions are current </span>given we do not have the uncondi<span class=\"_ _4\"></span>tional right to defer s<span class=\"_ _4\"></span>ettlement<span class=\"ls190\">, except for leaseho<span class=\"_ _0\"></span>ld restoration p<span class=\"_ _0\"></span>rovisions whic<span class=\"_ _0\"></span>h are expecte<span class=\"_ _0\"></span>d to be </span>settled at the end of the respective leases<span class=\"ls190\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "<div class=\"gsdd\"><table class=\"s wfe h106\" id=\"_de096ee5-c921-4709-a754-3fdc76dd46db\"><tr><td></td><td class=\"c x291 y296d w9e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Leasehold</div></td><td class=\"c x292 y296e wff hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Ongoing<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y296f w2a haf\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x293 y2970 w100 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">restoration<span class=\"_ _1bd\"> </span></div></td><td class=\"c x294 y2970 w101 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">claims<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f7 y296f w20 haf\"><div class=\"t m1 x16f h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1f5 y2971 w2a h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">A<span class=\"ls186\">t <span class=\"ls17c\">1 January 202</span></span>4 </div></td><td class=\"c x28b y2971 w20 h9d\"><div class=\"t m1 xeb h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x295 y2971 w1f h9d\"><div class=\"t m1 x3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">13<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2971 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2972 w2a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2972 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y2972 w1f h9e\"><div class=\"t m1 x1cb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2972 w20 h9e\"><div class=\"t m1 x129 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2973 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls193 ws0\">Unused amounts reve<span class=\"_ _4\"></span>rsed<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2973 w20 h9d\"><div class=\"t m1 x177 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2973 w1f h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y2973 w20 h9d\"><div class=\"t m1 x3 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2872 w2a h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">At <span class=\"ls17f\">31 December 202<span class=\"ls0\">4</span></span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x28b y2872 w20 h9e\"><div class=\"t m1 x129 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x295 y2872 w1f h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2872 w20 h9e\"><div class=\"t m1 x4b h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2974 w2a h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Additions<span class=\"ls0\">  </span></div></td><td class=\"c x28b y2974 w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2974 w1f h9e\"><div class=\"t m1 x129 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2974 w20 h9e\"><div class=\"t m1 x24 h9b y1f35 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2875 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">Foreign currency translation<span class=\"ls0\"> </span></div></td><td class=\"c x28b y2875 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y2875 w1f h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2875 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2876 w2a h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls193 ws0\">At 31 December 202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x28b y2876 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff5b fs2e fcb sc0 ls17e ws0\">20<span class=\"ls0\"> </span></div></td><td class=\"c x295 y2876 w1f h9d\"><div class=\"t m1 x4b h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2876 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Incremental co<span class=\"_ _0\"></span>sts <span class=\"ls17f\">directly attributable to <span class=\"_ _4\"></span>the issue of new ordinary shares ar<span class=\"_ _4\"></span>e shown in equity as a deduction <span class=\"_ _4\"></span>from the proceeds, net </span>of<span class=\"ls0\"> <span class=\"ls186\">tax.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "Share repurchases are r<span class=\"_ _4\"></span>ecognised at the point we <span class=\"_ _4\"></span>become committed to completing them. A <span class=\"_ _4\"></span>liability is r<span class=\"_ _4\"></span>ecognised for the full<span class=\"_ _4\"></span> <span class=\"ls18e\">amount </span>of<span class=\"ls0\"> <span class=\"ls186\">the commitment, including<span class=\"_ _0\"></span> directly attributable costs, with a corresp<span class=\"_ _0\"></span>onding debit to equity. Where repu<span class=\"_ _0\"></span>rchased shares are hel<span class=\"ls17f\">d in </span></span></span>Treasury, a transfer from t<span class=\"_ _4\"></span>he profit and loss reserve to <span class=\"_ _4\"></span>the Treasury share reserve is recogni<span class=\"_ _4\"></span>sed for the full amount of th<span class=\"ls188\">e <span class=\"_ _4\"></span>consideration </span>paid. Where shares are repur<span class=\"_ _4\"></span>chased and subsequently cancelled,<span class=\"_ _4\"></span> the equivalent par value by<span class=\"_ _4\"></span> which the Company\u2019s share capital<span class=\"_ _4\"></span> <span class=\"ls185\">is </span>reduced is transferred to the capita<span class=\"_ _0\"></span>l redemption reserve.<span class=\"ls0\"> </span>The Employee Trust, which is consol<span class=\"_ _4\"></span>idated into Man Gro<span class=\"ls184\">up, has the obli<span class=\"_ _4\"></span>gation to deliver deferr<span class=\"_ _4\"></span>ed share<span class=\"ls0\">-<span class=\"ls17f\">based and fund product</span>-<span class=\"ls17f\">based </span></span></span>compensation granted to employees, and accordingly holds <span class=\"_ _4\"></span>shares and fund investments to deliver against<span class=\"_ _4\"></span> these future obligati<span class=\"ls183\">ons. <span class=\"ls0\"> </span></span>Man Group pl<span class=\"_ _4\"></span>c shares hel<span class=\"_ _4\"></span>d by the Empl<span class=\"_ _4\"></span>oyee Trust<span class=\"ls0\"> <span class=\"ls18e\">and shar<span class=\"_ _4\"></span>es held in Treasury are recorded at <span class=\"_ _4\"></span>cost, including any directly attri<span class=\"_ _4\"></span>butable </span></span>incremental c<span class=\"_ _0\"></span>osts (net of tax), a<span class=\"_ _0\"></span>nd are dedu<span class=\"_ _0\"></span>cted from equ<span class=\"_ _0\"></span>ity (within the r<span class=\"_ _0\"></span>espective rese<span class=\"_ _0\"></span>rves) until the s<span class=\"_ _0\"></span>hares are sold, c<span class=\"_ _0\"></span>anc<span class=\"ls188\">elled or </span>transferred to<span class=\"ls0\"> <span class=\"ls188\">employees. Where suc<span class=\"ls184\">h shares are subsequently sold, <span class=\"_ _4\"></span>any consideration received, <span class=\"_ _4\"></span>net of any directly att<span class=\"_ _4\"></span>ributable </span></span></span>incremental tra<span class=\"_ _0\"></span>nsaction cos<span class=\"_ _0\"></span>ts and the relate<span class=\"_ _0\"></span>d tax effects, is in<span class=\"_ _0\"></span>cluded in eq<span class=\"_ _0\"></span>uity.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "S<span class=\"ls184\">hare capital</span> The authorised share capital of<span class=\"_ _4\"></span> Man Group plc comprises $100 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion div<span class=\"_ _4\"></span>ided int<span class=\"_ _4\"></span>o 2,916,6<span class=\"_ _4\"></span>66,666 ord<span class=\"_ _4\"></span>inary sh<span class=\"_ _4\"></span>ares with <span class=\"_ _4\"></span>a par va<span class=\"_ _4\"></span>lue of 3<span class=\"_ _1bd\"> </span></span>3/7<span class=\"_ _1bd\"> </span>\u00a2 each. Ordinary shares represent 1<span class=\"_ _4\"></span>00% of issued share capital and all <span class=\"_ _4\"></span>issued shares are fully paid.<span class=\"_ _4\"></span> The shares have attached t<span class=\"ls183\">o them full </span>voting, dividend and capital di<span class=\"_ _4\"></span>stribution <span class=\"ls187\">(including on wind up) rights. Th<span class=\"_ _0\"></span>ey do not confer any righ<span class=\"_ _0\"></span>ts of redemption. Shareh<span class=\"_ _0\"></span>olders have the </span>right to receive notice of, attend, vote a<span class=\"_ _0\"></span>nd speak at general meetin<span class=\"_ _0\"></span>gs. When a vote is taken on a po<span class=\"_ _0\"></span>ll, shareholders are enti<span class=\"ls186\">tled to one vo<span class=\"_ _0\"></span>te </span>per ordinary sha<span class=\"ls18c\">re. When a vote is<span class=\"ls0\"> <span class=\"ls186\">taken by a show of hands, share<span class=\"_ _0\"></span>holders present in person or by prox<span class=\"_ _0\"></span>y have one vote.</span></span></span><span class=\"ls18c\"><span class=\"ls0\"><span class=\"ls186\"> </span> </span></span>Treasury shares are ordinary shar<span class=\"_ _4\"></span>es previously repurchased by the Company but not<span class=\"_ _4\"></span> cancelled, and are therefore deducted <span class=\"_ _4\"></span>from <span class=\"ls188\">equity </span>and<span class=\"ls0\"> <span class=\"ls185\">included w<span class=\"_ _0\"></span>ithin <span class=\"ls186\">the Treasury share rese<span class=\"_ _0\"></span>rve. As they are no longer outstan<span class=\"_ _0\"></span>ding, they are excluded for earning<span class=\"_ _0\"></span>s per share and voting </span></span></span>rights<span class=\"ls0\"> <span class=\"ls184\">purposes.</span> </span>Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span> ordinary s<span class=\"_ _4\"></span>hares in i<span class=\"_ _4\"></span>ssue are <span class=\"ls199\">set out<span class=\"ls0\"> <span class=\"ls17f\">bel<span class=\"_ _4\"></span>ow.<span class=\"ls0\"> </span></span></span></span><table class=\"s w102 h107\" id=\"_76f8f662-08c9-4f6e-900e-eca2bfe6b0d9\"><tr><td></td><td class=\"c x26b y2975 w44 hae\"><div class=\"t m1 xa h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1e8 y2975 w43 hae\"><div class=\"t m1 x84 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x296 y2976 w103 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x297 y2976 w104 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x26c y2977 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x298 y2977 w105 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x299 y2977 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29a y2977 w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x270 y292d wde hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29b y292d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29c y292d we0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29d y292d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2978 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls182 ws0\">Number of shares a<span class=\"_ _4\"></span>t beginning of y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2978 w46 h9d\"><div class=\"t m1 xc4 h9b y1f5f ff5b fs2e fcb sc0 ls17b ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2978 w46 h9d\"><div class=\"t m1 x138 h9b y1f5f ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2978 w45 h9d\"><div class=\"t m1 xe9 h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">1,313,349,959<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2978 w46 h9d\"><div class=\"t m1 xdd h9b y1f5f ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2979 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Cancellation of <span class=\"_ _4\"></span>own shares held in <span class=\"_ _4\"></span>Treasury<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2979 w46 h9e\"><div class=\"t m1 x1ca h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(44,588,231)<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2979 w46 h9e\"><div class=\"t m1 x137 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2979 w45 h9e\"><div class=\"t m1 x1c0 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(39,400,499)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2979 w46 h9e\"><div class=\"t m1 xa h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297a w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls189 ws0\">Number of shares <span class=\"_ _4\"></span>at end of the y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y297a w46 h9e\"><div class=\"t m1 x1bc h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1,229,361,229<span class=\"ls0\"> </span></div></td><td class=\"c x215 y297a w46 h9e\"><div class=\"t m1 xdd h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y297a w45 h9e\"><div class=\"t m1 x1ce h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x275 y297a w46 h9e\"><div class=\"t m1 x138 h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">44<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wfd h108\" id=\"_fa834ecd-0cac-46a9-8dc8-2fd4abd6e4d5\"><tr><td class=\"c x1eb y297b w29 hae\"><div class=\"t m1 x1b8 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Share buybacks </div></td><td class=\"c x1ec y297b w1f hae\"><div class=\"t m1 x16f h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1ed y297b w20 hae\"><div class=\"t m1 x16f h42 y1f2b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y297c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls179 ws0\">Shares repurchased during <span class=\"_ _4\"></span>the year<span class=\"ls0\"> <span class=\"ls187\">(including costs)</span> <span class=\"ls187\">($m)</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297c w1f h9d\"><div class=\"t m1 x189 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">100<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297c w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Average purchase pri<span class=\"_ _4\"></span>ce (pence)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297d w1f h9e\"><div class=\"t m1 x1c3 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">182.7<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297d w20 h9e\"><div class=\"t m1 x1be h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">248.8<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297e w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls179 ws0\">Shares repurchased (mill<span class=\"_ _4\"></span>ion)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297e w1f h9d\"><div class=\"t m1 x24 h9b y1f29 ff5b fs2e fcb sc0 ls181 ws0\">41<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297e w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2943 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls181 ws0\">Accretive impact o<span class=\"_ _4\"></span>n <span class=\"ls17f\">diluted <span class=\"ls188\">earnings per share (<span class=\"_ _4\"></span>%)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2943 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff5b fs2e fcb sc0 ls17b ws0\">1.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2943 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff59 fs2e fcb sc0 ls17e ws0\">0.7<span class=\"ls0\"> </span></div></td></tr></table>The $<span class=\"ls17c\">100<span class=\"ls0\"> <span class=\"ls19b\">million <span class=\"_ _4\"></span>share rep<span class=\"_ _4\"></span>urchase pr<span class=\"_ _4\"></span>ogramme anno<span class=\"_ _4\"></span>unced in<span class=\"ls0\"> <span class=\"ls18d\">February <span class=\"_ _4\"></span>202<span class=\"ls0\">5 <span class=\"ls17a\">was completed dur<span class=\"_ _4\"></span>ing the year<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $<span class=\"ls17f\">50</span></span> <span class=\"ls19b\">million of </span></span></span></span></span></span></span></span></span>announced<span class=\"ls0\"> <span class=\"ls199\">share repurchases)<span class=\"ls190\">. The purpos<span class=\"_ _0\"></span>e of the share r<span class=\"_ _0\"></span>epurchase w<span class=\"_ _0\"></span>as to deliver retu<span class=\"_ _0\"></span>rns to shareh<span class=\"_ _0\"></span>olders. All repurc<span class=\"_ _0\"></span>hased share<span class=\"_ _0\"></span>s were</span></span> </span>held in Treasury.<span class=\"ls0\"> </span>Shares repurchased during <span class=\"_ _4\"></span>the year represent <span class=\"ls17f\">3.6<span class=\"ls1be\">% <span class=\"_ _4\"></span><span class=\"ls183\">of issued share capital (excludi<span class=\"_ _4\"></span>ng Treasury shares) as at 31 December <span class=\"ls18d\">202<span class=\"ls0\">5 <span class=\"ls18e\">and shares </span></span></span></span></span></span>held in Treasury which were <span class=\"_ _4\"></span>cancelled during the year r<span class=\"_ _4\"></span>epresent <span class=\"ls17f\">3.9<span class=\"ls1be\">% <span class=\"ls183\">of issued share <span class=\"_ _4\"></span>capital <span class=\"ls187\">(excluding Treasury shares<span class=\"_ _0\"></span>).<span class=\"ls0\"> <span class=\"ls181\">At <span class=\"ls18d\">25</span></span> <span class=\"ls18d\">February </span></span></span></span></span></span>202<span class=\"ls0\">6<span class=\"ls190\">, we had an<span class=\"_ _0\"></span> unexpired au<span class=\"_ _0\"></span>thority to repurc<span class=\"_ _0\"></span>hase up to <span class=\"ls17f\">92,424,602 <span class=\"ls183\">of our ordinary shares. A special resol<span class=\"_ _4\"></span>ution will be proposed at the </span></span></span></span>forthcoming Annual Gene<span class=\"_ _0\"></span>ral Meeting, pursuant to which the<span class=\"_ _0\"></span> Company will seek <span class=\"ls18e\">authority to repurchase up to<span class=\"ls0\"> <span class=\"ls17c\">115,151,767</span> <span class=\"ls183\">ordinary shares, </span></span></span>representing 10% of the issued<span class=\"_ _0\"></span> share capital (excluding Treasu<span class=\"_ _0\"></span>ry shares) at <span class=\"ls18d\">25<span class=\"ls0\"> </span>February 202<span class=\"ls0\">6.</span></span><span class=\"ls18d\"><span class=\"ls0\"> </span></span>The Employee Trust<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the Employee Trust he<span class=\"_ _0\"></span>ld <span class=\"ls17f\">33,622,391</span></span> <span class=\"ls17a\">Man Group pl<span class=\"_ _4\"></span>c ordinary<span class=\"_ _4\"></span> share<span class=\"ls199\">s (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls17f\">35,203,028<span class=\"ls187\">).</span></span></span> </span></span></span></span>In 202<span class=\"ls0\">5<span class=\"ls190\">, we fu<span class=\"_ _0\"></span>nded <span class=\"ls197\">$76 <span class=\"ls19b\">million v<span class=\"_ _4\"></span>ia contr<span class=\"_ _4\"></span>ibution o<span class=\"_ _4\"></span>r loan (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17f\">65</span></span> </span>million)<span class=\"_ _4\"></span> to enabl<span class=\"_ _4\"></span>e the Empl<span class=\"_ _4\"></span>oyee Trust<span class=\"_ _4\"></span> to meet <span class=\"_ _4\"></span>its curr<span class=\"_ _4\"></span>ent peri<span class=\"_ _4\"></span>od </span></span></span></span>obligations. At<span class=\"ls0\"> <span class=\"ls17f\">31</span> <span class=\"ls180\">December 202</span>5<span class=\"ls190\">, the net assets of the Emp<span class=\"_ _0\"></span>loyee Trust am<span class=\"_ _0\"></span>ounted to <span class=\"ls197\">$211 <span class=\"ls19b\">million (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">202</span></span> </span>million).<span class=\"_ _4\"></span> These ass<span class=\"_ _4\"></span>ets incl<span class=\"_ _4\"></span>ude </span></span></span></span>33,622,391 <span class=\"ls187\">(202<span class=\"ls0\">4: </span></span>35,203,028<span class=\"ls187\">) ordinary shares in the Com<span class=\"_ _0\"></span>pany, and <span class=\"ls197\">$104 <span class=\"ls19b\">million of <span class=\"_ _4\"></span>fund prod<span class=\"_ _4\"></span>uct inves<span class=\"_ _4\"></span>tments (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $</span>87 </span>million) whi<span class=\"_ _4\"></span>ch are </span></span></span>included wit<span class=\"ls184\">hin investments in fund products.<span class=\"ls0\"> </span></span>The Employee Trust waived all divi<span class=\"_ _4\"></span>dend entitlements of the shares held <span class=\"_ _4\"></span>in the current and prior year<span class=\"ls0\">. </span>Reorganisation res<span class=\"_ _4\"></span>erve<span class=\"ls0\"> </span>The r<span class=\"ls188\">eorganisation reserve<span class=\"ls0\"> </span></span>of $1,688 mil<span class=\"_ _4\"></span>lion<span class=\"ls0\"> <span class=\"ls18e\">arose on <span class=\"ls17a\">Man Group\u2019<span class=\"_ _4\"></span>s <span class=\"ls18e\">corporate reorganisation in 2019.<span class=\"_ _4\"></span> <span class=\"ls183\">The difference between the share capital<span class=\"_ _4\"></span> </span></span></span></span></span>and share premium issued <span class=\"ls17f\">by the new holding <span class=\"_ _4\"></span>company <span class=\"ls18e\">and the share capital, premium and capital res<span class=\"_ _4\"></span>erves <span class=\"ls183\">of the former holding company </span></span></span>were taken <span class=\"_ _4\"></span>to <span class=\"ls186\">the<span class=\"ls0\"> <span class=\"ls18c\">reorganisation reserve.</span> </span></span>Other<span class=\"ls0\"> <span class=\"ls18c\">reserves</span> </span>Other reserves at<span class=\"_ _4\"></span> 31 December 202<span class=\"ls0\">5 <span class=\"ls183\">of </span>$<span class=\"ls18d\">26</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>22 </span>millio<span class=\"_ _4\"></span>n) compri<span class=\"_ _4\"></span>se share <span class=\"_ _4\"></span>premium, ca<span class=\"_ _4\"></span>pital r<span class=\"_ _4\"></span>edemption <span class=\"_ _4\"></span>reserves a<span class=\"_ _4\"></span>nd cash f<span class=\"_ _4\"></span>low </span></span>hedge reserves.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "S<span class=\"ls184\">hare capital</span> The authorised share capital of<span class=\"_ _4\"></span> Man Group plc comprises $100 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion div<span class=\"_ _4\"></span>ided int<span class=\"_ _4\"></span>o 2,916,6<span class=\"_ _4\"></span>66,666 ord<span class=\"_ _4\"></span>inary sh<span class=\"_ _4\"></span>ares with <span class=\"_ _4\"></span>a par va<span class=\"_ _4\"></span>lue of 3<span class=\"_ _1bd\"> </span></span>3/7<span class=\"_ _1bd\"> </span>\u00a2 each. Ordinary shares represent 1<span class=\"_ _4\"></span>00% of issued share capital and all <span class=\"_ _4\"></span>issued shares are fully paid.<span class=\"_ _4\"></span> The shares have attached t<span class=\"ls183\">o them full </span>voting, dividend and capital di<span class=\"_ _4\"></span>stribution <span class=\"ls187\">(including on wind up) rights. Th<span class=\"_ _0\"></span>ey do not confer any righ<span class=\"_ _0\"></span>ts of redemption. Shareh<span class=\"_ _0\"></span>olders have the </span>right to receive notice of, attend, vote a<span class=\"_ _0\"></span>nd speak at general meetin<span class=\"_ _0\"></span>gs. When a vote is taken on a po<span class=\"_ _0\"></span>ll, shareholders are enti<span class=\"ls186\">tled to one vo<span class=\"_ _0\"></span>te </span>per ordinary sha<span class=\"ls18c\">re. When a vote is<span class=\"ls0\"> <span class=\"ls186\">taken by a show of hands, share<span class=\"_ _0\"></span>holders present in person or by prox<span class=\"_ _0\"></span>y have one vote.</span></span></span><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs193\">Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span> ordinary s<span class=\"_ _4\"></span>hares in i<span class=\"_ _4\"></span>ssue are <span class=\"ls199\">set out<span class=\"ls0\"> <span class=\"ls17f\">bel<span class=\"_ _4\"></span>ow.<span class=\"ls0\"> </span></span></span></span></div><div class=\"gs194\"><table class=\"s w102 h107\" id=\"_76f8f662-08c9-4f6e-900e-eca2bfe6b0d9\"><tr><td></td><td class=\"c x26b y2975 w44 hae\"><div class=\"t m1 xa h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1e8 y2975 w43 hae\"><div class=\"t m1 x84 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x296 y2976 w103 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x297 y2976 w104 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x26c y2977 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x298 y2977 w105 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x299 y2977 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29a y2977 w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x270 y292d wde hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29b y292d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29c y292d we0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29d y292d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2978 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls182 ws0\">Number of shares a<span class=\"_ _4\"></span>t beginning of y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2978 w46 h9d\"><div class=\"t m1 xc4 h9b y1f5f ff5b fs2e fcb sc0 ls17b ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2978 w46 h9d\"><div class=\"t m1 x138 h9b y1f5f ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2978 w45 h9d\"><div class=\"t m1 xe9 h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">1,313,349,959<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2978 w46 h9d\"><div class=\"t m1 xdd h9b y1f5f ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2979 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Cancellation of <span class=\"_ _4\"></span>own shares held in <span class=\"_ _4\"></span>Treasury<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2979 w46 h9e\"><div class=\"t m1 x1ca h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(44,588,231)<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2979 w46 h9e\"><div class=\"t m1 x137 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2979 w45 h9e\"><div class=\"t m1 x1c0 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(39,400,499)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2979 w46 h9e\"><div class=\"t m1 xa h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297a w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls189 ws0\">Number of shares <span class=\"_ _4\"></span>at end of the y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y297a w46 h9e\"><div class=\"t m1 x1bc h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1,229,361,229<span class=\"ls0\"> </span></div></td><td class=\"c x215 y297a w46 h9e\"><div class=\"t m1 xdd h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y297a w45 h9e\"><div class=\"t m1 x1ce h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x275 y297a w46 h9e\"><div class=\"t m1 x138 h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">44<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Treasury shares are ordinary shar<span class=\"_ _4\"></span>es previously repurchased by the Company but not<span class=\"_ _4\"></span> cancelled, and are therefore deducted <span class=\"_ _4\"></span>from <span class=\"ls188\">equity </span>and<span class=\"ls0\"> <span class=\"ls185\">included w<span class=\"_ _0\"></span>ithin <span class=\"ls186\">the Treasury share rese<span class=\"_ _0\"></span>rve. As they are no longer outstan<span class=\"_ _0\"></span>ding, they are excluded for earning<span class=\"_ _0\"></span>s per share and voting </span></span></span>rights<span class=\"ls0\"> <span class=\"ls184\">purposes.</span> </span>Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span> ordinary s<span class=\"_ _4\"></span>hares in i<span class=\"_ _4\"></span>ssue are <span class=\"ls199\">set out<span class=\"ls0\"> <span class=\"ls17f\">bel<span class=\"_ _4\"></span>ow.<span class=\"ls0\"> </span></span></span></span><table class=\"s w102 h107\" id=\"_76f8f662-08c9-4f6e-900e-eca2bfe6b0d9\"><tr><td></td><td class=\"c x26b y2975 w44 hae\"><div class=\"t m1 xa h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1e8 y2975 w43 hae\"><div class=\"t m1 x84 h42 y21ca ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x296 y2976 w103 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x297 y2976 w104 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Nominal<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x26c y2977 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x298 y2977 w105 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x299 y2977 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29a y2977 w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x270 y292d wde hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29b y292d w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29c y292d we0 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x29d y292d w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2978 w42 h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls182 ws0\">Number of shares a<span class=\"_ _4\"></span>t beginning of y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2978 w46 h9d\"><div class=\"t m1 xc4 h9b y1f5f ff5b fs2e fcb sc0 ls17b ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2978 w46 h9d\"><div class=\"t m1 x138 h9b y1f5f ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2978 w45 h9d\"><div class=\"t m1 xe9 h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">1,313,349,959<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2978 w46 h9d\"><div class=\"t m1 xdd h9b y1f5f ff59 fs2e fcb sc0 ls197 ws0\">45<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2979 w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18a ws0\">Cancellation of <span class=\"_ _4\"></span>own shares held in <span class=\"_ _4\"></span>Treasury<span class=\"ls0\"> </span></div></td><td class=\"c x26b y2979 w46 h9e\"><div class=\"t m1 x1ca h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(44,588,231)<span class=\"ls0\"> </span></div></td><td class=\"c x215 y2979 w46 h9e\"><div class=\"t m1 x137 h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y2979 w45 h9e\"><div class=\"t m1 x1c0 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(39,400,499)<span class=\"ls0\"> </span></div></td><td class=\"c x275 y2979 w46 h9e\"><div class=\"t m1 xa h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297a w42 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff5b fs2e fcb sc0 ls189 ws0\">Number of shares <span class=\"_ _4\"></span>at end of the y<span class=\"_ _4\"></span>ear<span class=\"ls0\"> </span></div></td><td class=\"c x26b y297a w46 h9e\"><div class=\"t m1 x1bc h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">1,229,361,229<span class=\"ls0\"> </span></div></td><td class=\"c x215 y297a w46 h9e\"><div class=\"t m1 xdd h9b y1f39 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x1e8 y297a w45 h9e\"><div class=\"t m1 x1ce h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">1,273,949,460<span class=\"ls0\"> </span></div></td><td class=\"c x275 y297a w46 h9e\"><div class=\"t m1 x138 h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">44<span class=\"ls0\"> </span></div></td></tr></table><table class=\"s wfd h108\" id=\"_fa834ecd-0cac-46a9-8dc8-2fd4abd6e4d5\"><tr><td class=\"c x1eb y297b w29 hae\"><div class=\"t m1 x1b8 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Share buybacks </div></td><td class=\"c x1ec y297b w1f hae\"><div class=\"t m1 x16f h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x1ed y297b w20 hae\"><div class=\"t m1 x16f h42 y1f2b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y297c w29 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls179 ws0\">Shares repurchased during <span class=\"_ _4\"></span>the year<span class=\"ls0\"> <span class=\"ls187\">(including costs)</span> <span class=\"ls187\">($m)</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297c w1f h9d\"><div class=\"t m1 x189 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">100<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297c w20 h9d\"><div class=\"t m1 x1bb h9b y1f47 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297d w29 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Average purchase pri<span class=\"_ _4\"></span>ce (pence)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297d w1f h9e\"><div class=\"t m1 x1c3 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">182.7<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297d w20 h9e\"><div class=\"t m1 x1be h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">248.8<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y297e w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff59 fs2e fcb sc0 ls179 ws0\">Shares repurchased (mill<span class=\"_ _4\"></span>ion)<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y297e w1f h9d\"><div class=\"t m1 x24 h9b y1f29 ff5b fs2e fcb sc0 ls181 ws0\">41<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y297e w20 h9d\"><div class=\"t m1 x4b h9b y1f29 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2943 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f4d ff59 fs2e fcb sc0 ls181 ws0\">Accretive impact o<span class=\"_ _4\"></span>n <span class=\"ls17f\">diluted <span class=\"ls188\">earnings per share (<span class=\"_ _4\"></span>%)<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y2943 w1f h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff5b fs2e fcb sc0 ls17b ws0\">1.9<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2943 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f4d ff59 fs2e fcb sc0 ls17e ws0\">0.7<span class=\"ls0\"> </span></div></td></tr></table>The $<span class=\"ls17c\">100<span class=\"ls0\"> <span class=\"ls19b\">million <span class=\"_ _4\"></span>share rep<span class=\"_ _4\"></span>urchase pr<span class=\"_ _4\"></span>ogramme anno<span class=\"_ _4\"></span>unced in<span class=\"ls0\"> <span class=\"ls18d\">February <span class=\"_ _4\"></span>202<span class=\"ls0\">5 <span class=\"ls17a\">was completed dur<span class=\"_ _4\"></span>ing the year<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $<span class=\"ls17f\">50</span></span> <span class=\"ls19b\">million of </span></span></span></span></span></span></span></span></span>announced<span class=\"ls0\"> <span class=\"ls199\">share repurchases)<span class=\"ls190\">. The purpos<span class=\"_ _0\"></span>e of the share r<span class=\"_ _0\"></span>epurchase w<span class=\"_ _0\"></span>as to deliver retu<span class=\"_ _0\"></span>rns to shareh<span class=\"_ _0\"></span>olders. All repurc<span class=\"_ _0\"></span>hased share<span class=\"_ _0\"></span>s were</span></span> </span>held in Treasury.<span class=\"ls0\"> </span>Shares repurchased during <span class=\"_ _4\"></span>the year represent <span class=\"ls17f\">3.6<span class=\"ls1be\">% <span class=\"_ _4\"></span><span class=\"ls183\">of issued share capital (excludi<span class=\"_ _4\"></span>ng Treasury shares) as at 31 December <span class=\"ls18d\">202<span class=\"ls0\">5 <span class=\"ls18e\">and shares </span></span></span></span></span></span>held in Treasury which were <span class=\"_ _4\"></span>cancelled during the year r<span class=\"_ _4\"></span>epresent <span class=\"ls17f\">3.9<span class=\"ls1be\">% <span class=\"ls183\">of issued share <span class=\"_ _4\"></span>capital <span class=\"ls187\">(excluding Treasury shares<span class=\"_ _0\"></span>).<span class=\"ls0\"> <span class=\"ls181\">At <span class=\"ls18d\">25</span></span> <span class=\"ls18d\">February </span></span></span></span></span></span>202<span class=\"ls0\">6<span class=\"ls190\">, we had an<span class=\"_ _0\"></span> unexpired au<span class=\"_ _0\"></span>thority to repurc<span class=\"_ _0\"></span>hase up to <span class=\"ls17f\">92,424,602 <span class=\"ls183\">of our ordinary shares. A special resol<span class=\"_ _4\"></span>ution will be proposed at the </span></span></span></span>forthcoming Annual Gene<span class=\"_ _0\"></span>ral Meeting, pursuant to which the<span class=\"_ _0\"></span> Company will seek <span class=\"ls18e\">authority to repurchase up to<span class=\"ls0\"> <span class=\"ls17c\">115,151,767</span> <span class=\"ls183\">ordinary shares, </span></span></span>representing 10% of the issued<span class=\"_ _0\"></span> share capital (excluding Treasu<span class=\"_ _0\"></span>ry shares) at <span class=\"ls18d\">25<span class=\"ls0\"> </span>February 202<span class=\"ls0\">6.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcd sc0 ls183 ws0 gs196\">The Employee Trust<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs197\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the Employee Trust he<span class=\"_ _0\"></span>ld <span class=\"ls17f\">33,622,391</span></span> <span class=\"ls17a\">Man Group pl<span class=\"_ _4\"></span>c ordinary<span class=\"_ _4\"></span> share<span class=\"ls199\">s (202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls17f\">35,203,028<span class=\"ls187\">).</span></span></span> </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs198\">In 202<span class=\"ls0\">5<span class=\"ls190\">, we fu<span class=\"_ _0\"></span>nded <span class=\"ls197\">$76 <span class=\"ls19b\">million v<span class=\"_ _4\"></span>ia contr<span class=\"_ _4\"></span>ibution o<span class=\"_ _4\"></span>r loan (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17f\">65</span></span> </span>million)<span class=\"_ _4\"></span> to enabl<span class=\"_ _4\"></span>e the Empl<span class=\"_ _4\"></span>oyee Trust<span class=\"_ _4\"></span> to meet <span class=\"_ _4\"></span>its curr<span class=\"_ _4\"></span>ent peri<span class=\"_ _4\"></span>od </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs199\">obligations. At<span class=\"ls0\"> <span class=\"ls17f\">31</span> <span class=\"ls180\">December 202</span>5<span class=\"ls190\">, the net assets of the Emp<span class=\"_ _0\"></span>loyee Trust am<span class=\"_ _0\"></span>ounted to <span class=\"ls197\">$211 <span class=\"ls19b\">million (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">202</span></span> </span>million).<span class=\"_ _4\"></span> These ass<span class=\"_ _4\"></span>ets incl<span class=\"_ _4\"></span>ude </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs19a\">33,622,391 <span class=\"ls187\">(202<span class=\"ls0\">4: </span></span>35,203,028<span class=\"ls187\">) ordinary shares in the Com<span class=\"_ _0\"></span>pany, and <span class=\"ls197\">$104 <span class=\"ls19b\">million of <span class=\"_ _4\"></span>fund prod<span class=\"_ _4\"></span>uct inves<span class=\"_ _4\"></span>tments (20<span class=\"_ _4\"></span>2<span class=\"ls0\">4<span class=\"ls190\">: $</span>87 </span>million) whi<span class=\"_ _4\"></span>ch are </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs19b\">included wit<span class=\"ls184\">hin investments in fund products.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs19c\">The Employee Trust waived all divi<span class=\"_ _4\"></span>dend entitlements of the shares held <span class=\"_ _4\"></span>in the current and prior year<span class=\"ls0\">. </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18f ws0 gs19d\">Reorganisation res<span class=\"_ _4\"></span>erve<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs19e\">The r<span class=\"ls188\">eorganisation reserve<span class=\"ls0\"> </span></span>of $1,688 mil<span class=\"_ _4\"></span>lion<span class=\"ls0\"> <span class=\"ls18e\">arose on <span class=\"ls17a\">Man Group\u2019<span class=\"_ _4\"></span>s <span class=\"ls18e\">corporate reorganisation in 2019.<span class=\"_ _4\"></span> <span class=\"ls183\">The difference between the share capital<span class=\"_ _4\"></span> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs19f\">and share premium issued <span class=\"ls17f\">by the new holding <span class=\"_ _4\"></span>company <span class=\"ls18e\">and the share capital, premium and capital res<span class=\"_ _4\"></span>erves <span class=\"ls183\">of the former holding company </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs1a0\">were taken <span class=\"_ _4\"></span>to <span class=\"ls186\">the<span class=\"ls0\"> <span class=\"ls18c\">reorganisation reserve.</span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18b ws0 gs1a1\">Other<span class=\"ls0\"> <span class=\"ls18c\">reserves</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs1a2\">Other reserves at<span class=\"_ _4\"></span> 31 December 202<span class=\"ls0\">5 <span class=\"ls183\">of </span>$<span class=\"ls18d\">26</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>22 </span>millio<span class=\"_ _4\"></span>n) compri<span class=\"_ _4\"></span>se share <span class=\"_ _4\"></span>premium, ca<span class=\"_ _4\"></span>pital r<span class=\"_ _4\"></span>edemption <span class=\"_ _4\"></span>reserves a<span class=\"_ _4\"></span>nd cash f<span class=\"_ _4\"></span>low </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs1a3\">hedge reserves.<span class=\"ff63 ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Ca<span class=\"ls199\">sh flows arising from the purchase and sale of investments in fund products and other investments, and from transactions with<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls186\">third</span>-<span class=\"_ _1bd\"> </span></span></span>party investors in cons<span class=\"_ _4\"></span>olidated fund entities, <span class=\"_ _4\"></span>are included in cash flows <span class=\"_ _4\"></span>from operating activities <span class=\"_ _4\"></span>in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated cash</span> <span class=\"ls186\">flow</span> <span class=\"ls199\">statement. </span></span>This classification ref<span class=\"_ _4\"></span>lects the fact that these inves<span class=\"_ _4\"></span>tments are to build product breadth and <span class=\"_ _4\"></span>to trial investment research be<span class=\"ls186\">fore marketing </span>the products broadly to investors a<span class=\"_ _0\"></span>s part of Man Group\u2019s ordinary ope<span class=\"_ _0\"></span>rations or are otherwise held <span class=\"ls185\">in c<span class=\"_ _0\"></span>onnection w<span class=\"_ _0\"></span>ith settling em<span class=\"_ _0\"></span>ployee </span>remuneration and are no<span class=\"_ _0\"></span>t intended to be held as long<span class=\"ls0\">-<span class=\"_ _0\"></span><span class=\"ls186\">term investments. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "<div class=\"gsdd\"><table class=\"s w107 h109\" id=\"_761ab704-3a88-4cf0-aa1e-38ece05ec1c8\"><tr><td></td><td></td><td class=\"c x1f0 y297f w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y297f w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f2 y2980 w1e h9c\"><div class=\"t m1 x1c0 h42 y1f4d ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x1f3 y2981 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2981 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2982 w1d h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls182 ws0\">Cash flows from <span class=\"_ _4\"></span>operating activit<span class=\"_ _4\"></span>ies<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2983 w1d h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls179 ws0\">Statutory profit<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2983 w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">17<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2983 w20 h9e\"><div class=\"t m1 x189 h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">298<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2984 w1d h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls181 ws0\">Adjustments for:<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2985 w1d h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls179 ws0\">Share<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y2985 w1e h9e\"><div class=\"t m1 xef h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">6.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2985 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2985 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2986 w1d h9d\"><div class=\"t m1 x1bf h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">Fund product<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y2986 w1e h9d\"><div class=\"t m1 xef h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">6.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2986 w20 h9d\"><div class=\"t m1 x1bb h9b y1f26 ff5b fs2e fcb sc0 ls17e ws0\">93<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2986 w20 h9d\"><div class=\"t m1 x4b h9b y1f26 ff59 fs2e fcb sc0 ls17e ws0\">81<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2987 w1d h9e\"><div class=\"t m1 x1bf h9b y1f31 ff59 fs2e fcb sc0 ls18b ws0\">Other employment<span class=\"ls0\">-<span class=\"ls18c\">related expenses</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y2987 w1e h9e\"><div class=\"t m1 x1c1 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">6.2<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2987 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2987 w20 h9e\"><div class=\"t m1 x1bb h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">28<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2988 w1d h9d\"><div class=\"t m1 x1bf h9b y1f33 ff59 fs2e fcb sc0 ls182 ws0\">Net finance expe<span class=\"_ _4\"></span>nse<span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y2988 w1e h9d\"><div class=\"t m1 xdc h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x1f6 y2988 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2988 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2989 w1d h9d\"><div class=\"t m1 x1bf h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Tax expense<span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y2989 w1e h9d\"><div class=\"t m1 x1c0 h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">12<span class=\"ls190\">.1</span> </div></td><td class=\"c x1f6 y2989 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">82 </div></td><td class=\"c x1f7 y2989 w20 h9d\"><div class=\"t m1 x1bd h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298a w1d h9e\"><div class=\"t m1 x1bf h9b y1f39 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>leasehold improvement<span class=\"_ _4\"></span>s and equipment<span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y298a w1e h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">17 </div></td><td class=\"c x1f6 y298a w20 h9e\"><div class=\"t m1 x24 h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y298a w20 h9e\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298b w1d h9d\"><div class=\"t m1 x1bf h9b y1f61 ff59 fs2e fcb sc0 ls180 ws0\">Depreciation of <span class=\"_ _4\"></span>right<span class=\"ls0\">-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease <span class=\"ls18e\">assets</span></span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y298b w1e h9d\"><div class=\"t m1 x1c1 h9b y1f61 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y298b w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y298b w20 h9d\"><div class=\"t m1 x4b h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298c w1d h9e\"><div class=\"t m1 x1bf h9b y1f3d ff59 fs2e fcb sc0 ls18b ws0\">Gain on disposal<span class=\"_ _4\"></span> of investment pr<span class=\"_ _4\"></span>operty <span class=\"ls0\">\u2013 <span class=\"ls18c\">right</span>-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y298c w20 h9e\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f7 y298c w20 h9e\"><div class=\"t m1 x4b h9b y1f3d ff59 fs2e fcb sc0 ls187 ws0\">(3)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298d w1d h9d\"><div class=\"t m1 x1bf h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">Amortisation <span class=\"ls18e\">and impairment <span class=\"_ _4\"></span><span class=\"ls183\">of acquired intangible<span class=\"ls0\">s</span></span></span><span class=\"ls18e\"><span class=\"ls183\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1f2 y298d w1e h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">9 </div></td><td class=\"c x1f6 y298d w20 h9d\"><div class=\"t m1 x4b h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">17<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y298d w20 h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">24<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298e w1d h9d\"><div class=\"t m1 x1bf h9b y209b ff59 fs2e fcb sc0 ls181 ws0\">Amortisation of <span class=\"_ _4\"></span><span class=\"ls199\">software intangible assets</span><span class=\"ls199\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f2 y298e w1e h9d\"><div class=\"t m1 x1c2 h9b y209b ff59 fs2e fcb sc0 ls0 ws0\">18 </div></td><td class=\"c x1f6 y298e w20 h9d\"><div class=\"t m1 x1c7 h9b y209b ff5b fs2e fcb sc0 ls17e ws0\">28<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y298e w20 h9d\"><div class=\"t m1 x24 h9b y209b ff59 fs2e fcb sc0 ls18d ws0\">25<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y298f w1d h9e\"><div class=\"t m1 x1bf h9b y1f43 ff59 fs2e fcb sc0 ls179 ws0\">Share of post<span class=\"ls0\">-<span class=\"ls186\">tax loss of associates</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f2 y298f w1e h9e\"><div class=\"t m1 x1be h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y298f w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x1f7 y298f w20 h9e\"><div class=\"t m1 xeb h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1f5 y2990 w1d h9d\"><div class=\"t m1 x1bf h9b y1f45 ff59 fs2e fcb sc0 ls18f ws0\">Revaluation of acq<span class=\"_ _4\"></span>uisition<span class=\"ls0\">-<span class=\"ls18c\">related liabilities</span></span><span class=\"ls0\"><span class=\"ls18c\"> </span> </span></div></td><td></td><td class=\"c x1f6 y2990 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f45 ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2990 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1f5 y2991 w1d h9d\"><div class=\"t m1 x1bf h9b y1f77 ff59 fs2e fcb sc0 ls18f ws0\">Realised gains on <span class=\"_ _4\"></span>cash flow hedges<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2991 w20 h9d\"><div class=\"t m1 x2b h9b y1f77 ff5b fs2e fcb sc0 ls186 ws0\">(17)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2991 w20 h9d\"><div class=\"t m1 x2b h9b y1f77 ff59 fs2e fcb sc0 ls187 ws0\">(22)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2992 w1d h9e\"><div class=\"t m1 x1bf h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">Foreign exchange movements<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2992 w20 h9e\"><div class=\"t m1 x2b h9b y1f49 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">11</span>) </div></td><td class=\"c x1f7 y2992 w20 h9e\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">8 </div></td></tr><tr><td class=\"c x1f5 y2993 w1d h9d\"><div class=\"t m1 x1bf h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Other non<span class=\"ls0\">-<span class=\"ls18e\">cash movements</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2993 w20 h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">(8) </div></td><td class=\"c x1f7 y2993 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(10)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x1f6 y2994 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">51<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2994 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">623<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2995 w1d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls18a ws0\">Changes in working <span class=\"_ _4\"></span>capital<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x176 haa y2365 ff64 fs31 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x13e h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2996 w1d h9d\"><div class=\"t m1 x1bf h9b y1f4d ff59 fs2e fcb sc0 ls198 ws0\">Increase<span class=\"ls0\"> <span class=\"ls185\">in fee<span class=\"_ _0\"></span> and other <span class=\"ls18c\">rece<span class=\"_ _0\"></span>ivables</span></span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2996 w20 h9d\"><div class=\"t m1 x189 h9b y1f4d ff5b fs2e fcb sc0 ls0 ws0\">(75) </div></td><td class=\"c x1f7 y2996 w20 h9d\"><div class=\"t m1 x2b h9b y1f4d ff59 fs2e fcb sc0 ls187 ws0\">(29)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2997 w1d h9e\"><div class=\"t m1 x1bf h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(Increase)/d<span class=\"ls188\">ecrease <span class=\"ls185\">in other fin<span class=\"_ _0\"></span>ancial assets in<span class=\"_ _0\"></span>cluding cons<span class=\"_ _0\"></span>olidated fund<span class=\"_ _0\"></span> entities<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x82 haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x183 h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td></td><td class=\"c x1f6 y2997 w20 h9e\"><div class=\"t m1 x189 h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">(23) </div></td><td class=\"c x1f7 y2997 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">211<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2998 w1d h9d\"><div class=\"t m1 x1bf h9b y1f56 ff59 fs2e fcb sc0 ls180 ws0\">Decrease<span class=\"ls0\"> <span class=\"ls185\">in trade and other p<span class=\"_ _0\"></span>ayables</span></span><span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2998 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(81)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2998 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(36)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2999 w1d h9d\"><div class=\"t m1 x0 h9b y1f56 ff5b fs2e fcb sc0 ls182 ws0\">Cash generated fr<span class=\"_ _4\"></span>om operations<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f6 y2999 w20 h9d\"><div class=\"t m1 x75 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">338<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2999 w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls199 ws0\">769<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1a7\">Notes: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1a8\">1 <span class=\"_ _169\"> </span>Changes in working capital differ from the movements in these balance sheet items due to non-cash movements which either relate to the gross-up of the third-party share of </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1a9\">consolidated fund entities (Note 5.2) or are adjusted elsewhere in the consolidated cash flow statement, such as movements relating to the fund product-based payment charge and </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1aa\">other employment-related expenses (within operating activities) and the share repurchase liability (within financing activities). </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1ab\">2 <span class=\"_ _15d\"> </span>Includes $111 million of restricted net cash outflows (2024: $133 million net cash inflows) relating to consolidated fund entities (Note 5.2). </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Dividend distr<span class=\"_ _4\"></span>ibutions to the <span class=\"_ _4\"></span>Company\u2019s shareholders<span class=\"_ _4\"></span> are recognised di<span class=\"_ _4\"></span>rectly within <span class=\"_ _4\"></span>equity in t<span class=\"ls184\">he peri<span class=\"_ _4\"></span>od in which the dividend i<span class=\"_ _4\"></span>s paid or, </span>for final dividends, approved by the C<span class=\"_ _0\"></span>ompany\u2019s shareholders. Divid<span class=\"_ _0\"></span>ends are payable on the Com<span class=\"_ _0\"></span>pany\u2019s ordinary shares.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "<div class=\"gsdd\"><table class=\"s w108 h10a\" id=\"_45de1885-f81f-4f25-a87f-f72fb155d343\"><tr><td></td><td class=\"c x288 y299a w3a hae\"><div class=\"t m1 x177 h42 y2370 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y299a w4b hae\"><div class=\"t m1 x177 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td class=\"c x288 y299b w1f hae\"><div class=\"t m1 x1ba h42 y1f3f ff5d fsd fcb sc0 ls0 ws0\">\u00a2/share </div></td><td class=\"c x289 y299b w20 hae\"><div class=\"t m1 x1bb h42 y1f3f ff5d fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x1f6 y299b w20 hae\"><div class=\"t m1 x1be h42 y1f3f ff5c fsd fcb sc0 ls0 ws0\">\u00a2/share </div></td><td class=\"c x1f7 y299b w20 hae\"><div class=\"t m1 x24 h42 y1f3f ff5c fsd fcb sc0 ls0 ws0\">$m </div></td></tr><tr><td class=\"c x1f5 y299c w4a h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls18d ws0\">Final dividend paid for<span class=\"_ _4\"></span> the previous financial year<span class=\"_ _4\"></span> <span class=\"ls186\">to 31 December</span><span class=\"ls186\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x288 y299c w1f h9e\"><div class=\"t m1 x16f h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">11.6<span class=\"ls0\"> </span></div></td><td class=\"c x289 y299c w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff5b fs2e fcb sc0 ls17b ws0\">134<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y299c w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">10.7<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y299c w20 h9e\"><div class=\"t m1 x2b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">127<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y299d w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls198 ws0\">Interim dividend<span class=\"_ _0\"></span> paid for the six m<span class=\"_ _0\"></span>onths to 30 Ju<span class=\"_ _0\"></span>ne <span class=\"ls0\"> </span></div></td><td class=\"c x288 y299d w1f h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17d ws0\">5.7<span class=\"ls0\"> </span></div></td><td class=\"c x289 y299d w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff5b fs2e fcb sc0 ls17d ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y299d w20 h9d\"><div class=\"t m1 x2b h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">5.6<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y299d w20 h9d\"><div class=\"t m1 x24 h9b y1f61 ff59 fs2e fcb sc0 ls17f ws0\">65<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y299e w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls180 ws0\">Dividends paid<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x289 y299e w20 h9d\"><div class=\"t m1 x16f h9b y1f61 ff5b fs2e fcb sc0 ls17b ws0\">198<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x1f7 y299e w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">192<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y299f w4a h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls17d ws0\">Proposed final di<span class=\"_ _4\"></span>vidend for the fi<span class=\"_ _4\"></span>nancial year to 31 <span class=\"_ _4\"></span>December<span class=\"ls0\"> </span></div></td><td class=\"c x288 y299f w1f h9d\"><div class=\"t m1 x16f h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\"><span>11.5</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y299f w20 h9d\"><div class=\"t m1 x189 h9b y1f3b ff5b fs2e fcb sc0 ls17b ws0\"><span>129<span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y299f w20 h9d\"><div class=\"t m1 x1bd h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\"><span>11.6</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y299f w20 h9d\"><div class=\"t m1 x1bd h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\"><span>134</span><span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "0.115",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-9": {
   "value": "129000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-7": {
   "value": "0.116",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-8": {
   "value": "134000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-556": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Classification <span class=\"_ _4\"></span><span class=\"ls18e\">and measurement<span class=\"ls0\"> </span></span>F<span class=\"ls185\">inancial ass<span class=\"_ _0\"></span>ets and liabilities<span class=\"_ _0\"></span> are initially recog<span class=\"_ _0\"></span>nised at fair valu<span class=\"_ _0\"></span>e. We subseq<span class=\"_ _0\"></span>uently meas<span class=\"_ _0\"></span>ure each finan<span class=\"_ _0\"></span>cial asset and<span class=\"_ _0\"></span> liability at fa<span class=\"_ _0\"></span>ir value </span>through profit or loss (FVTPL) or am<span class=\"_ _0\"></span>ortised cost<span class=\"ls0\">, <span class=\"ls17a\">with classifi<span class=\"_ _4\"></span>cation deter<span class=\"_ _4\"></span>mined at the<span class=\"_ _4\"></span> time of i<span class=\"_ _4\"></span>nitial re<span class=\"_ _4\"></span>cognition.<span class=\"ls0\"> </span></span></span>Derivatives<span class=\"ls0\"> </span>We use deri<span class=\"_ _4\"></span>vative fi<span class=\"_ _4\"></span>nancial i<span class=\"_ _4\"></span>nstruments to<span class=\"_ _4\"></span> manage market<span class=\"_ _4\"></span> risk in <span class=\"_ _4\"></span>certain ci<span class=\"_ _4\"></span>rcumstances.<span class=\"_ _4\"></span> These consi<span class=\"_ _4\"></span>st primari<span class=\"_ _4\"></span>ly of mark<span class=\"_ _4\"></span>et ris<span class=\"ls199\">k hedges </span>on<span class=\"ls0\"> <span class=\"ls199\">some of our seeding positions and forei<span class=\"ls184\">gn exchange contracts.<span class=\"_ _4\"></span> The carrying value of these <span class=\"_ _4\"></span>derivatives are included <span class=\"_ _4\"></span>in fee and other </span></span></span>receivables and trade and oth<span class=\"_ _0\"></span>er payables<span class=\"ls190\">. </span>Carried interes<span class=\"_ _4\"></span>t <span class=\"ls0\"> </span>Performance fees in <span class=\"_ _4\"></span>the form of carrie<span class=\"_ _4\"></span>d interest receivabl<span class=\"_ _4\"></span>es and their rel<span class=\"_ _4\"></span>ated carried <span class=\"ls185\">interest payables a<span class=\"_ _0\"></span>cquired as pa<span class=\"_ _0\"></span>rt of a business<span class=\"_ _0\"></span> </span>combination are recognised at their f<span class=\"_ _4\"></span>air value at acquisition date<span class=\"ff65 fs2f ls0\"> </span>and r<span class=\"_ _4\"></span>emeasured at fair value at each reporting dat<span class=\"_ _4\"></span>e. The recognition of<span class=\"ls0\"> <span class=\"ls18e\">carried interest earned in t<span class=\"_ _4\"></span>he ordinary course of business is constrained <span class=\"_ _4\"></span>in line with our revenue recognition poli<span class=\"_ _4\"></span>cy.<span class=\"ls0\"> </span></span></span>Fair value hierarchy<span class=\"ls0\"> </span>We disclos<span class=\"_ _4\"></span>e the fair<span class=\"_ _4\"></span> value measu<span class=\"_ _4\"></span>rement of fi<span class=\"_ _4\"></span>nancial a<span class=\"_ _4\"></span>ssets and l<span class=\"_ _4\"></span>iabiliti<span class=\"_ _4\"></span>es using th<span class=\"_ _4\"></span>ree levels<span class=\"_ _4\"></span>, as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 1: <span class=\"_ _4\"></span>quoted prices (unadjusted) in active <span class=\"_ _4\"></span>markets for identical assets or<span class=\"ls0\"> <span class=\"ls185\">liabilities. </span> </span></span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 2: i<span class=\"_ _4\"></span>nputs, other than quoted prices incl<span class=\"_ _4\"></span>uded within Level 1, that are obs<span class=\"_ _4\"></span>ervable for the asset or li<span class=\"_ _4\"></span>ability, either directly (i<span class=\"_ _4\"></span>.e. as </span></span>prices) <span class=\"ls183\">or<span class=\"ls0\"> <span class=\"ls185\">indirectly (i.e. derived fro<span class=\"_ _0\"></span>m prices). </span> </span></span>\u2022<span class=\"ff61\"> <span class=\"_ _32\"> </span><span class=\"ff59 ls188\">Level 3: i<span class=\"_ _4\"></span>nputs for the asset or liabi<span class=\"_ _4\"></span>lity that are not based on observable <span class=\"_ _4\"></span>market data (unobservable inputs). <span class=\"ls0\"> </span></span></span>The majority of our investments <span class=\"_ _4\"></span>in fund products fall within <span class=\"_ _4\"></span>Level 2 due to observability of <span class=\"_ _4\"></span>the relevant valuation inputs r<span class=\"_ _4\"></span>e<span class=\"ls186\">flecting the </span>liquidity of the u<span class=\"_ _0\"></span>nderlying inve<span class=\"_ _0\"></span>stments and<span class=\"_ _0\"></span> the level of<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls199\">subscription and redemption activity. Level 2 investments in fund products </span></span>primarily comprise holdi<span class=\"_ _4\"></span>ngs in unlisted, open<span class=\"ls0\">-<span class=\"ls188\">ended, active <span class=\"_ _4\"></span>and liquid funds, which are priced <span class=\"_ _4\"></span>using daily or weekly observable market </span></span>information de<span class=\"_ _0\"></span>rived from third<span class=\"_ _0\"></span><span class=\"ls0\">-<span class=\"ls184\">party sources.</span> <span class=\"ls181\">A lack of li<span class=\"_ _4\"></span>quidity in the <span class=\"_ _4\"></span>underlying investment<span class=\"_ _4\"></span>s<span class=\"ls190\">, a lack of obse<span class=\"_ _0\"></span>rvability in the rele<span class=\"_ _0\"></span>vant </span></span></span>valuation inputs<span class=\"ls0\"> <span class=\"ls183\">or</span> </span>a low level of subscr<span class=\"_ _4\"></span>iption and redemption<span class=\"ls0\"> </span>activity<span class=\"ls0\"> <span class=\"ls185\">is typically associated<span class=\"_ _0\"></span> with a Level 3<span class=\"_ _0\"></span> classification<span class=\"_ _0\"></span></span>. </span>The assets held by our consoli<span class=\"_ _4\"></span>dated C<span class=\"ls188\">LOs comprise a portfolio of bonds and <span class=\"_ _4\"></span>loan securities<span class=\"ls190\">. Loans are<span class=\"ls0\"> <span class=\"ls18e\">valued using <span class=\"ls17f\">broker quotes </span></span></span></span></span>sourced from an independent pricing service<span class=\"ls190\">, with bonds priced<span class=\"_ _0\"></span> using<span class=\"ls0\"> <span class=\"ls185\">latest p<span class=\"_ _0\"></span>rices executed<span class=\"_ _0\"></span> for similar asse<span class=\"_ _0\"></span>t</span>s. <span class=\"ls19f\">We do not make any<span class=\"_ _4\"></span> </span></span></span>adjustments to the quotes obtaine<span class=\"ls17f\">d. <span class=\"ls19f\">Whe<span class=\"_ _4\"></span>re <span class=\"ls186\">the quotes are obtained from multiple<span class=\"_ _0\"></span> pricing sources within a narrow ran<span class=\"_ _0\"></span>ge, the assets are </span></span></span>classified as Level 2 i<span class=\"_ _4\"></span>n the fair value hierarchy. <span class=\"ls19f\">Wher<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls184\">prices <span class=\"ls18e\">are <span class=\"ls17f\">derived from a small<span class=\"_ _4\"></span> number of quotes<span class=\"ls0\">, <span class=\"ls183\">or <span class=\"ls17a\">where the<span class=\"_ _4\"></span>re is<span class=\"ls0\"> <span class=\"ls18e\">a wide bid</span>-<span class=\"ls18e\">ask </span></span></span></span></span></span></span></span></span></span>spread<span class=\"ls0\"> <span class=\"ls17f\">between quotes<span class=\"ls190\">, we <span class=\"ls18e\">classify</span></span></span> <span class=\"ls186\">the</span></span>se<span class=\"ls0\"> <span class=\"ls18e\">assets as</span> <span class=\"ls188\">Level 3.</span> </span>Transferable securities held <span class=\"_ _4\"></span>by our other consolidated funds <span class=\"ls17a\">whi<span class=\"_ _4\"></span>ch are <span class=\"ls18e\">classifi<span class=\"_ _4\"></span>ed as<span class=\"ls0\"> <span class=\"ls188\">Level 3 have significant unobservable i<span class=\"_ _4\"></span>nputs, as they </span></span></span></span>trade infrequently or not at all. When ob<span class=\"_ _0\"></span>servable prices are not available for the<span class=\"_ _0\"></span>se securities, <span class=\"ls17a\">we use<span class=\"ls0\"> <span class=\"ls18e\">valuation techniques for which </span></span></span>sufficient and reliable data is available.<span class=\"ls0\"> <span class=\"ls188\">Level <span class=\"_ _4\"></span>3 investments may also be adjusted to r<span class=\"_ _4\"></span>eflect illiquidity and/or non<span class=\"ls0\">-<span class=\"ls186\">transferability.</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1b2\">The fair values of our f<span class=\"_ _4\"></span>inancial assets and liab<span class=\"ls185\">ilities can be analysed as fo<span class=\"_ _0\"></span>llows:<span class=\"ls0\"> </span></span></div><div class=\"gs1b3\"><table class=\"s w109 h10b\" id=\"_5923b740-5a0f-4f41-a629-bcd808ac550f\"><tr><td></td><td></td><td></td><td></td><td class=\"c x29e y29a0 w4e h9e\"><div class=\"t m1 x153 h42 y20e0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x29f y29a1 w10a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y29a2 w4d ha9\"><div class=\"t m1 x1b8 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">$m</div><div class=\"t m6 x1bc hc4 y238f ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a0 y29a2 w1e ha9\"><div class=\"t m1 x1b7 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x29e y29a2 w20 ha9\"><div class=\"t m1 x1b9 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 1 </div></td><td class=\"c x2a1 y29a2 w23 ha9\"><div class=\"t m1 x1c2 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 2 </div></td><td class=\"c x22b y29a2 w23 ha9\"><div class=\"t m1 x1be h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 3 </div></td><td class=\"c x2a2 y29a3 w10b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2a3 y29a2 w20 ha9\"><div class=\"t m1 x16f h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y29a4 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29a5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a5 w1e h9d\"><div class=\"t m1 x1ba h9b y1f3f ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a5 w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">84 </div></td><td class=\"c x2a3 y29a5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a6 w1e h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a6 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a6 w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2<span class=\"ls17e\">91</span> </div></td><td class=\"c x2a3 y29a6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other <span class=\"ls18c\">receivables</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29a7 w1e h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a7 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a7 w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a7 w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29a8 w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a8 w23 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a8 w20 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29aa w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29aa w1e h9d\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29aa w20 h9d\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y29aa w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29aa w20 h9d\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ab w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ab w1e h9d\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ab w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ab w23 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">217<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ab w23 h9d\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ab w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ab w20 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">248<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ac w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ac w1e h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x216 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y29ad w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ad w1e h9d\"><div class=\"t m1 xef h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ad w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ad w23 h9d\"><div class=\"t m1 x1be h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,301<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ad w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">156<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ad w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ad w20 h9d\"><div class=\"t m1 x1b9 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ae w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ae w1e h9d\"><div class=\"t m1 xef h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ae w20 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29ae w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">368<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ae w23 h9d\"><div class=\"t m1 x2b h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ae w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ae w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">832<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29af w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29af w23 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29af w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29af w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29af w20 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">2,59<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b0 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x29e y29b0 w20 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29b0 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b0 w23 h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b0 w23 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b0 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">3,538<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b1 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b2 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b2 w1e h9d\"><div class=\"t m1 x1be h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b2 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b2 w23 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b2 w20 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b3 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b3 w1e h9e\"><div class=\"t m1 x1c1 h9b y1fa4 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b3 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b3 w23 h9e\"><div class=\"t m1 x4 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b3 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29b4 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b4 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b4 w20 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b6 w1e h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b6 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b6 w23 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b6 w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other <span class=\"ls184\">payables</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29b7 w1e h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b7 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b7 w23 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b7 w23 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">148</span>) </div></td><td class=\"c x216 y29b7 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b7 w20 h9d\"><div class=\"t m1 x4 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">152</span>) </div></td></tr><tr><td class=\"c x1eb y29b8 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b8 w1e h9d\"><div class=\"t m1 xef h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b8 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b8 w23 h9d\"><div class=\"t m1 x1c1 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b8 w20 h9d\"><div class=\"t m1 xef h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a0 y29b9 w1e h9e\"><div class=\"t m1 xef h9b y1fa4 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b9 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b9 w23 h9e\"><div class=\"t m1 x1b9 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b9 w20 h9e\"><div class=\"t m1 x1c3 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29ba w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ba w23 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ba w23 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29ba w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ba w20 h9d\"><div class=\"t m1 x1c2 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,<span class=\"ls17b\">11<span class=\"ls0\">1</span></span><span class=\"ls17b\"><span class=\"ls0\">) </span></span></div></td></tr><tr><td class=\"c x1eb y29bb w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x29e y29bb w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29bb w23 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29bb w23 h9d\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29bb w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29bb w20 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(3,<span class=\"ls181\">07<span class=\"ls0\">3</span></span><span class=\"ls181\"><span class=\"ls0\">)</span></span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td></tr></table></div><div class=\"gsdd\"><table class=\"s w10c h10c\" id=\"_f98b25b6-330c-4ac6-8c17-d0446f84903c\"><tr><td></td><td></td><td></td><td></td><td class=\"c x2a4 y29bc w4d hae\"><div class=\"t m1 x153 h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024</div><div class=\"t m6 x141 hc4 y23a0 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 y29bd w10d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y29be w4d haf\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x2a6 y29be w1e haf\"><div class=\"t m1 x1c0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x2a4 y29be w23 haf\"><div class=\"t m1 x1c3 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 1</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a7 y29be w23 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 2</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x28b y29be w20 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 3</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a8 y29bf w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y29be w20 haf\"><div class=\"t m1 x16f h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Total</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1f5 y29c0 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c1 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c1 w1e h9e\"><div class=\"t m1 xef h9b y1f31 ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c1 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c1 w23 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c1 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c2 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c2 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">15 </div></td><td class=\"c x2a4 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c2 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c2 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c2 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c3 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">Fee and <span class=\"ls183\">other receivables</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c3 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c3 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c3 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c4 w23 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c4 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c5 w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c6 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c6 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c6 w23 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x28b y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y29c7 w4d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c7 w1e h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c7 w23 h9d\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">216<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c7 w20 h9d\"><div class=\"t m1 x4b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c7 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">232<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c8 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c8 w1e h9e\"><div class=\"t m1 xdc h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c9 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c9 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c9 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,242<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c9 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ca w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29ca w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29ca w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29ca w23 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">379<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29ca w20 h9d\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29ca w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29ca w20 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29cb w23 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cb w23 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cb w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cb w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29cb w20 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,419<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cc w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x2a4 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cc w23 h9d\"><div class=\"t m1 x1c3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cc w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cc w20 h9d\"><div class=\"t m1 x1be h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">3,409<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cd w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29ce w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29ce w1e h9d\"><div class=\"t m1 x1c2 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29ce w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29ce w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29ce w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cf w4d h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29cf w1e h9d\"><div class=\"t m1 x1c1 h9b y1f2b ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29cf w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29cf w23 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cf w20 h9d\"><div class=\"t m1 x4 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d0 w23 h9d\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d0 w20 h9d\"><div class=\"t m1 x4 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d1 w4d h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29d2 w4d h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29d2 w1e h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d2 w23 h9e\"><div class=\"t m1 x4b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d2 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d2 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d3 w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18a ws0\">CLO <span class=\"ls185\">liabilities <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span></span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29d3 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d3 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d3 w20 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d4 w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a6 y29d4 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f29 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d4 w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d4 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d4 w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d5 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d5 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d5 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,939)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d6 w4d h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x2a4 y29d6 w23 h9d\"><div class=\"t m1 x177 h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d6 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d6 w20 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d6 w23 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d6 w20 h9d\"><div class=\"t m1 x1ba h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(2,822)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1b5\">The movements in Level 3 financial <span class=\"_ _4\"></span><span class=\"ls18e\">assets and liabilities held <span class=\"_ _4\"></span>at fair value are as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span></div><div class=\"gs1b6\"><table class=\"s w10f h10e\" id=\"_7b5f7f8d-3cc1-4aaf-92ec-69ce99b36265\"><tr><td></td><td class=\"c x288 y29db w3a h9e\"><div class=\"t m1 x177 h42 y23a8 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y29db w4b h9e\"><div class=\"t m1 x177 h42 y23a8 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td class=\"c x1f5 y29dc w4a hae\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y29dc w1f hae\"><div class=\"t m1 x1c3 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x289 y29dc w20 hae\"><div class=\"t m1 x1c0 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Liabilities  </div></td><td class=\"c x1f6 y29dc w20 hae\"><div class=\"t m1 xdc h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x1f7 y29dc w20 hae\"><div class=\"t m1 x1c1 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td></tr><tr><td class=\"c x1f5 y29dd w4a h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29dd w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">158<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29dd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29de w4a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls183 ws0\">Transfers into Level 3<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29de w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29df w4a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Additions <span class=\"ls0\"> </span></div></td><td class=\"c x288 y29df w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y29df w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">10</span>2) </div></td><td class=\"c x1f6 y29df w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">166<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29df w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e0 w4a h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income statemen<span class=\"_ _0\"></span>t<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 x193 haa y23ad ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x194 h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x288 y29e0 w1f h9d\"><div class=\"t m1 x4b h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e0 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(45)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29e0 w20 h9d\"><div class=\"t m1 x3 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e0 w20 h9d\"><div class=\"t m1 x4b h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29e1 w4a h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls179 ws0\">Sales or settlements<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e1 w1f h9e\"><div class=\"t m1 xdc h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(392)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e1 w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(137)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e2 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Change in consoli<span class=\"_ _4\"></span>dated fund entitie<span class=\"_ _4\"></span>s held<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e2 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(62)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e2 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">102<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27dc w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y27dc w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y27dc w20 h9d\"><div class=\"t m1 x75 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x1f6 y27dc w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1b7\">Note: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs1b8\">1 <span class=\"_ _169\"> </span>Included within net income or gains on investments and other financial instruments. Includes net unrealised losses of $47 million (2024: $3 million) and foreign exchange movements. </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1b9\">The Level 3 financial assets <span class=\"_ _4\"></span>in the portfolios of our <span class=\"_ _4\"></span>consolidated fund entities other <span class=\"_ _4\"></span>than CLOs primarily comprise <span class=\"ls17f\">bonds, equit<span class=\"_ _4\"></span>ies and credit<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs1ba\">linked notes.<span class=\"ls0\"> <span class=\"ls183\">The techniques used the valuations of those assets primarily <span class=\"_ _4\"></span>include discounted cash flows, esti<span class=\"_ _4\"></span>mat<span class=\"ls188\">ed recovery and single </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs1bb\">broker quotes. The unobservable i<span class=\"_ _4\"></span>nputs in those valuations compri<span class=\"_ _4\"></span>se future cash flows, discount r<span class=\"_ _4\"></span>ates and yields.<span class=\"ls0\"> <span class=\"ls188\">Level 3 f<span class=\"_ _4\"></span>inancial assets </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1bc\">also include carried interest<span class=\"_ _4\"></span> receivable which is valued based on the <span class=\"_ _4\"></span>NAV of the underlying fu<span class=\"ls197\">nds.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs1bd\">Level 3 financial liabil<span class=\"_ _4\"></span>ities comprise<span class=\"ls0\"> <span class=\"ls185\">loans,</span> <span class=\"ls18e\">contingent consideration <span class=\"ls184\">payable<span class=\"ls190\">, carried interest payable<span class=\"_ _0\"></span></span></span></span> <span class=\"ls18e\">and put option</span>s <span class=\"ls183\">over non</span>-<span class=\"ls18e\">controlling </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs1be\">interests.<span class=\"ls0\"> <span class=\"ls183\">The</span> <span class=\"ls18e\">valuation</span>s <span class=\"ls183\">of the</span> <span class=\"ls18e\">contingent consideration payable for the acquisition of Aster<span class=\"_ _4\"></span>ia<span class=\"ls190\">, capped at $<span class=\"_ _0\"></span><span class=\"ls17f\">57 million,<span class=\"ls0\"> </span></span></span>and the put option over<span class=\"_ _4\"></span> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs1bf\">the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests assume annualised growth in revenue of <span class=\"_ _4\"></span>up to <span class=\"ls17c\">11<span class=\"ls1be\">%. <span class=\"ls183\">The valuation of t<span class=\"_ _4\"></span>he contingent consideration payable for </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs1c0\">the acquisition of Bardin Hill<span class=\"ls0\"> <span class=\"ls18e\">assumes annualised growth i<span class=\"ls197\">n <span class=\"ls18c\">revenue of up to 9%</span></span></span>.<span class=\"_ _0\"></span> C<span class=\"ls18e\">arried interest payable is valued at <span class=\"_ _4\"></span>the equal and opposite </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1c1\">of carried interest recei<span class=\"_ _4\"></span>vable.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls179 ws0 gs1c2\">Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs1c3\">A 5% increase/decrea<span class=\"_ _4\"></span>se in the valuati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> <span class=\"ls183\">of Level 3 financial assets</span> <span class=\"ls18e\">at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">would result i<span class=\"_ _4\"></span>n a <span class=\"ls0\">$<span class=\"ls17c\">14</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on increa<span class=\"_ _4\"></span>se/decrease<span class=\"_ _4\"></span> </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs1c4\">in<span class=\"ls0\"> <span class=\"ls186\">the</span></span>ir<span class=\"ls0\"> <span class=\"ls186\">fair value.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1c5\">The table below illustrates<span class=\"_ _4\"></span> the impact of changing those unobservable <span class=\"_ _4\"></span>inputs to the valuations<span class=\"ls0\"> </span>of contingent <span class=\"_ _4\"></span>consideration and put </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1c6\">options<span class=\"ls0\"> </span>over non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests</span> <span class=\"ls185\">in relation to the acquisition<span class=\"_ _0\"></span></span>s </span>of Asteria<span class=\"ls0\"> <span class=\"ls18e\">and Bardin Hill</span> <span class=\"ls186\">that <span class=\"ls19b\">most si<span class=\"_ _4\"></span>gnifican<span class=\"_ _4\"></span>tly impac<span class=\"_ _4\"></span>t<span class=\"ls0\"> <span class=\"ls186\">the fair value </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1c7\">of<span class=\"ls0\"> <span class=\"ls186\">the</span> <span class=\"ls185\">liabilities at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>025.</span> </span></div><div class=\"gs1c8\"><table class=\"s w10e h10d\" id=\"_417ef400-e626-44c1-999a-0c766a2c25e1\"><tr><td></td><td></td><td class=\"c x211 y29d7 w2c haf\"><div class=\"t m1 x67 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Increase/(decrease) in liability </div></td></tr><tr><td class=\"c x1f5 y29d8 w2b hae\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x211 y29d8 w2c hae\"><div class=\"t m1 x177 h42 y211f ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td></tr><tr><td class=\"c x1f5 y29d9 w2b h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls181 ws0\">Asteria f<span class=\"ls183\">orecast annual<span class=\"_ _4\"></span>ised growth in future revenues incr<span class=\"_ _4\"></span>eased by <span class=\"ls17c\">150%/(<span class=\"ls17f\">decreased by 50%<span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x211 y29d9 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x212 y29d9 w1f h9e\"><div class=\"t m1 x3 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">(7) </div></td></tr><tr><td class=\"c x1f5 y29da w2b h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill <span class=\"ls186\">forecast<span class=\"ls0\"> <span class=\"ls18e\">annualised growth in <span class=\"_ _4\"></span>future<span class=\"ls0\"> <span class=\"ls18c\">revenues increased by 8<span class=\"_ _0\"></span></span>7<span class=\"ls1be\">%/(decreased by <span class=\"_ _4\"></span>8<span class=\"ls0\">7%</span><span class=\"ls0\">) </span></span></span></span></span></span></div></td><td class=\"c x211 y29da w1f h9d\"><div class=\"t m1 x129 h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x212 y29da w1f h9d\"><div class=\"t m1 x2b h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(1<span class=\"ls0\">5</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "<table class=\"s w109 h10b\" id=\"_5923b740-5a0f-4f41-a629-bcd808ac550f\"><tr><td></td><td></td><td></td><td></td><td class=\"c x29e y29a0 w4e h9e\"><div class=\"t m1 x153 h42 y20e0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x29f y29a1 w10a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1eb y29a2 w4d ha9\"><div class=\"t m1 x1b8 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">$m</div><div class=\"t m6 x1bc hc4 y238f ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a0 y29a2 w1e ha9\"><div class=\"t m1 x1b7 h42 y1f45 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x29e y29a2 w20 ha9\"><div class=\"t m1 x1b9 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 1 </div></td><td class=\"c x2a1 y29a2 w23 ha9\"><div class=\"t m1 x1c2 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 2 </div></td><td class=\"c x22b y29a2 w23 ha9\"><div class=\"t m1 x1be h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Level 3 </div></td><td class=\"c x2a2 y29a3 w10b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2a3 y29a2 w20 ha9\"><div class=\"t m1 x16f h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Total </div></td></tr><tr><td class=\"c x1eb y29a4 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29a5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a5 w1e h9d\"><div class=\"t m1 x1ba h9b y1f3f ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a5 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a5 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a5 w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">84 </div></td><td class=\"c x2a3 y29a5 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">84<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29a6 w1e h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a6 w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a6 w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a6 w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2<span class=\"ls17e\">91</span> </div></td><td class=\"c x2a3 y29a6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other <span class=\"ls18c\">receivables</span><span class=\"ls18c\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29a7 w1e h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29a7 w20 h9d\"><div class=\"t m1 xeb h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a7 w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a7 w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a7 w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">569<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29a8 w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29a8 w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29a8 w23 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29a8 w20 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29a9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29aa w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29aa w1e h9d\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29aa w20 h9d\"><div class=\"t m1 xeb h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x22b y29aa w23 h9d\"><div class=\"t m1 x1c7 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">53<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29aa w23 h9d\"><div class=\"t m1 x177 h9b y1f3d ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29aa w20 h9d\"><div class=\"t m1 x1bb h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ab w4d h9d\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ab w1e h9d\"><div class=\"t m1 xdc h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ab w20 h9d\"><div class=\"t m1 xeb h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ab w23 h9d\"><div class=\"t m1 x16f h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">217<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ab w23 h9d\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">31<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ab w23 h9d\"><div class=\"t m1 x177 h9b y1f63 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ab w20 h9d\"><div class=\"t m1 x75 h9b y1f63 ff5b fs2e fcb sc0 ls17e ws0\">248<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ac w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29ac w1e h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x29e y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x216 y29ac w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ac w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x1eb y29ad w4d h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ad w1e h9d\"><div class=\"t m1 xef h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ad w20 h9d\"><div class=\"t m1 xeb h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ad w23 h9d\"><div class=\"t m1 x1be h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,301<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ad w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">156<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ad w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ad w20 h9d\"><div class=\"t m1 x1b9 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,457<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ae w4d h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29ae w1e h9d\"><div class=\"t m1 xef h9b y1f41 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29ae w20 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29ae w23 h9d\"><div class=\"t m1 x75 h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">368<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ae w23 h9d\"><div class=\"t m1 x2b h9b y1f41 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29ae w23 h9d\"><div class=\"t m1 x177 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ae w20 h9d\"><div class=\"t m1 x16f h9b y1f41 ff5b fs2e fcb sc0 ls181 ws0\">832<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29af w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29af w23 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29af w23 h9d\"><div class=\"t m1 x16f h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29af w23 h9d\"><div class=\"t m1 x177 h9b y1f3f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29af w20 h9d\"><div class=\"t m1 x1c2 h9b y1f3f ff5b fs2e fcb sc0 ls17e ws0\">2,59<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b0 w4d h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x29e y29b0 w20 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls181 ws0\">434<span class=\"ls0\"> </span></div></td><td class=\"c x2a1 y29b0 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17b ws0\">1,888<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b0 w23 h9e\"><div class=\"t m1 x16f h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b0 w23 h9e\"><div class=\"t m1 x75 h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">944<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b0 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">3,538<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b1 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b2 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f5f ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b2 w1e h9d\"><div class=\"t m1 x1be h9b y1f5f ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b2 w20 h9d\"><div class=\"t m1 xeb h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b2 w23 h9d\"><div class=\"t m1 x177 h9b y1f5f ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b2 w23 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b2 w20 h9d\"><div class=\"t m1 x4 h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(691)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b3 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b3 w1e h9e\"><div class=\"t m1 x1c1 h9b y1fa4 ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b3 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b3 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b3 w23 h9e\"><div class=\"t m1 x4 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b3 w20 h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(271)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29b4 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b4 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b4 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29b4 w20 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b5 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y29b6 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Borrowings<span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b6 w1e h9d\"><div class=\"t m1 x1be h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b6 w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x22b y29b6 w23 h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x216 y29b6 w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b6 w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b7 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other <span class=\"ls184\">payables</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a0 y29b7 w1e h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b7 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b7 w23 h9d\"><div class=\"t m1 x1bb h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(4)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b7 w23 h9d\"><div class=\"t m1 xdc h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">148</span>) </div></td><td class=\"c x216 y29b7 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b7 w20 h9d\"><div class=\"t m1 x4 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">152</span>) </div></td></tr><tr><td class=\"c x1eb y29b8 w4d h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18a ws0\">CLO liabiliti<span class=\"_ _4\"></span>es <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x2a0 y29b8 w1e h9d\"><div class=\"t m1 xef h9b y1f37 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b8 w20 h9d\"><div class=\"t m1 xeb h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b8 w23 h9d\"><div class=\"t m1 x1c1 h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b8 w23 h9d\"><div class=\"t m1 x177 h9b y1f37 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b8 w20 h9d\"><div class=\"t m1 xef h9b y1f37 ff5b fs2e fcb sc0 ls186 ws0\">(1,402)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29b9 w4d h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a0 y29b9 w1e h9e\"><div class=\"t m1 xef h9b y1fa4 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x29e y29b9 w20 h9e\"><div class=\"t m1 xeb h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29b9 w23 h9e\"><div class=\"t m1 x1b9 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x216 y29b9 w23 h9e\"><div class=\"t m1 x177 h9b y1fa4 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29b9 w20 h9e\"><div class=\"t m1 x1c3 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(544)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x29e y29ba w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29ba w23 h9d\"><div class=\"t m1 x1c1 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29ba w23 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29ba w23 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a3 y29ba w20 h9d\"><div class=\"t m1 x1c2 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(2,<span class=\"ls17b\">11<span class=\"ls0\">1</span></span><span class=\"ls17b\"><span class=\"ls0\">) </span></span></div></td></tr><tr><td class=\"c x1eb y29bb w4d h9d\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x29e y29bb w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a1 y29bb w23 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(1,950)<span class=\"ls0\"> </span></div></td><td class=\"c x22b y29bb w23 h9d\"><div class=\"t m1 x4 h9b y1f35 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x216 y29bb w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(962)<span class=\"ls0\"> </span></div></td><td class=\"c x2a3 y29bb w20 h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls186 ws0\">(3,<span class=\"ls181\">07<span class=\"ls0\">3</span></span><span class=\"ls181\"><span class=\"ls0\">)</span></span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td></tr></table><table class=\"s w10c h10c\" id=\"_f98b25b6-330c-4ac6-8c17-d0446f84903c\"><tr><td></td><td></td><td></td><td></td><td class=\"c x2a4 y29bc w4d hae\"><div class=\"t m1 x153 h42 y20fc ff5c fsd fcb sc0 ls0 ws0\">2024</div><div class=\"t m6 x141 hc4 y23a0 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 y29bd w10d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Not at fair<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td class=\"c x1f5 y29be w4d haf\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x2a6 y29be w1e haf\"><div class=\"t m1 x1c0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Note </div></td><td class=\"c x2a4 y29be w23 haf\"><div class=\"t m1 x1c3 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 1</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a7 y29be w23 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 2</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x28b y29be w20 haf\"><div class=\"t m1 x1b9 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Level 3</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td><td class=\"c x2a8 y29bf w106 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">value<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y29be w20 haf\"><div class=\"t m1 x16f h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Total</div><div class=\"t m6 x1ab hc4 y23a2 ff5c fs33 fcb sc1 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1f5 y29c0 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls17f\">at amorti<span class=\"_ _4\"></span>sed cost</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c1 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Finance lease receivable<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c1 w1e h9e\"><div class=\"t m1 xef h9b y1f31 ff59 fs2e fcb sc0 ls17e ws0\">8.1<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c1 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c1 w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c1 w23 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c1 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls199 ws0\">77<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c2 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18a ws0\">Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c2 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">15 </div></td><td class=\"c x2a4 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c2 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c2 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c2 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c2 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">454<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c3 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">Fee and <span class=\"ls183\">other receivables</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c3 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c3 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c3 w20 h9d\"><div class=\"t m1 xeb h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c3 w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c3 w20 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls197 ws0\">459<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c4 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c4 w20 h9d\"><div class=\"t m1 xeb h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c4 w23 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29c4 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c5 w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Financial assets <span class=\"ls0\">a<span class=\"ls1b9\">t fair value</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29c6 w4d h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls18d ws0\">Fee and other receivables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c6 w1e h9d\"><div class=\"t m1 x1c2 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">16 </div></td><td class=\"c x2a4 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c6 w23 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x28b y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29c6 w23 h9d\"><div class=\"t m1 x177 h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c6 w20 h9d\"><div class=\"t m1 xeb h9b y1f56 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1f5 y29c7 w4d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> fund products a<span class=\"_ _0\"></span>nd other inves<span class=\"_ _0\"></span>tments<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c7 w1e h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c7 w23 h9d\"><div class=\"t m1 x1bd h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">216<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c7 w20 h9d\"><div class=\"t m1 x4b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c7 w23 h9d\"><div class=\"t m1 x177 h9b y1f7c ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c7 w20 h9d\"><div class=\"t m1 x16f h9b y1f7c ff59 fs2e fcb sc0 ls18d ws0\">232<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c8 w4d h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> loans<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29c8 w1e h9e\"><div class=\"t m1 xdc h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x2a4 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c8 w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c8 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29c9 w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds: <span class=\"ls18a\">CLO assets</span><span class=\"ls18a\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29c9 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29c9 w23 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,242<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29c9 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">211<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29c9 w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29c9 w20 h9d\"><div class=\"t m1 x1c3 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">1,453<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ca w4d h9d\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Investments in<span class=\"_ _0\"></span> consolidated fu<span class=\"_ _0\"></span>nds<span class=\"ls190\">: other tran<span class=\"_ _0\"></span>sferable securit<span class=\"_ _0\"></span>ies</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29ca w1e h9d\"><div class=\"t m1 x1c1 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29ca w23 h9d\"><div class=\"t m1 x16f h9b y1f35 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29ca w23 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">379<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29ca w20 h9d\"><div class=\"t m1 x24 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">37<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29ca w23 h9d\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29ca w20 h9d\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">702<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29cb w23 h9e\"><div class=\"t m1 x16f h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cb w23 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cb w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cb w23 h9e\"><div class=\"t m1 x177 h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29cb w20 h9e\"><div class=\"t m1 x1c3 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">2,419<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cc w4d h9d\"><div class=\"t m1 x0 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total financial <span class=\"ls17f\">assets</span><span class=\"ls17f\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x2a4 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">286<span class=\"ls0\"> </span></div></td><td class=\"c x2a7 y29cc w23 h9d\"><div class=\"t m1 x1c3 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">1,842<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29cc w20 h9d\"><div class=\"t m1 x1bd h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29cc w23 h9d\"><div class=\"t m1 x16f h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">990<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cc w20 h9d\"><div class=\"t m1 x1be h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">3,409<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cd w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> <span class=\"ls17f\">at amortised cost</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29ce w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29ce w1e h9d\"><div class=\"t m1 x1c2 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29ce w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29ce w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29ce w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29ce w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(635)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29cf w4d h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Lease liability<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29cf w1e h9d\"><div class=\"t m1 x1c1 h9b y1f2b ff59 fs2e fcb sc0 ls17e ws0\">8.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29cf w23 h9d\"><div class=\"t m1 x177 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29cf w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29cf w23 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29cf w20 h9d\"><div class=\"t m1 x4 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(248)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d0 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x28b y29d0 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d0 w23 h9d\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d0 w20 h9d\"><div class=\"t m1 x4 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d1 w4d h9d\"><div class=\"t m1 x0 h9b y1f77 ff5b fs2e fcb sc0 ls179 ws0\">Financial <span class=\"ls1b7\">liabilities<span class=\"ls0\"> a<span class=\"ls1b9\">t fair value</span></span></span><span class=\"ls1b7\"><span class=\"ls0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y29d2 w4d h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls183 ws0\">Trade and other payables<span class=\"ls0\"> </span></div></td><td class=\"c x2a6 y29d2 w1e h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">19 </div></td><td class=\"c x2a4 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d2 w23 h9e\"><div class=\"t m1 x4b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(6)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d2 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d2 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d2 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(20)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d3 w4d h9d\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18a ws0\">CLO <span class=\"ls185\">liabilities <span class=\"ls0\">\u2013 <span class=\"ls18e\">consolidated funds</span></span></span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a6 y29d3 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d3 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d3 w20 h9d\"><div class=\"t m1 xeb h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d3 w23 h9d\"><div class=\"t m1 x177 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d3 w20 h9d\"><div class=\"t m1 x1c2 h9b y1f49 ff59 fs2e fcb sc0 ls187 ws0\">(1,366)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d4 w4d h9d\"><div class=\"t m1 x0 h9b y1f29 ff59 fs2e fcb sc0 ls183 ws0\">Third<span class=\"ls0\">-<span class=\"ls184\">party interest in cons<span class=\"_ _4\"></span>olidated funds</span></span><span class=\"ls0\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2a6 y29d4 w1e h9d\"><div class=\"t m1 x1c1 h9b y1f29 ff59 fs2e fcb sc0 ls17f ws0\">5.2<span class=\"ls0\"> </span></div></td><td class=\"c x2a4 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d4 w23 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d4 w20 h9d\"><div class=\"t m1 xeb h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x295 y29d4 w23 h9d\"><div class=\"t m1 x177 h9b y1f29 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d4 w20 h9d\"><div class=\"t m1 x4 h9b y1f29 ff59 fs2e fcb sc0 ls187 ws0\">(553)<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a4 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d5 w23 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d5 w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d5 w23 h9e\"><div class=\"t m1 x177 h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x226 y29d5 w20 h9e\"><div class=\"t m1 x1c2 h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(1,939)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29d6 w4d h9d\"><div class=\"t m1 x0 h9b y1f47 ff5b fs2e fcb sc0 ls179 ws0\">Total financial liabi<span class=\"_ _4\"></span>lities<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x2a4 y29d6 w23 h9d\"><div class=\"t m1 x177 h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x2a7 y29d6 w23 h9d\"><div class=\"t m1 x1c2 h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(1,925)<span class=\"ls0\"> </span></div></td><td class=\"c x28b y29d6 w20 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x295 y29d6 w23 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(883)<span class=\"ls0\"> </span></div></td><td class=\"c x226 y29d6 w20 h9d\"><div class=\"t m1 x1ba h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(2,822)<span class=\"ls0\"> </span></div></td></tr></table>The movements in Level 3 financial <span class=\"_ _4\"></span><span class=\"ls18e\">assets and liabilities held <span class=\"_ _4\"></span>at fair value are as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span><table class=\"s w10f h10e\" id=\"_7b5f7f8d-3cc1-4aaf-92ec-69ce99b36265\"><tr><td></td><td class=\"c x288 y29db w3a h9e\"><div class=\"t m1 x177 h42 y23a8 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y29db w4b h9e\"><div class=\"t m1 x177 h42 y23a8 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td class=\"c x1f5 y29dc w4a hae\"><div class=\"t m1 x0 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y29dc w1f hae\"><div class=\"t m1 x1c3 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x289 y29dc w20 hae\"><div class=\"t m1 x1c0 h42 y1f37 ff5d fsd fcb sc0 ls0 ws0\">Liabilities  </div></td><td class=\"c x1f6 y29dc w20 hae\"><div class=\"t m1 xdc h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Assets </div></td><td class=\"c x1f7 y29dc w20 hae\"><div class=\"t m1 x1c1 h42 y1f37 ff5c fsd fcb sc0 ls0 ws0\">Liabilities </div></td></tr><tr><td class=\"c x1f5 y29dd w4a h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls181 ws0\">At beginning of <span class=\"_ _4\"></span>the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29dd w1f h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(14)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29dd w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">158<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29dd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29de w4a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls183 ws0\">Transfers into Level 3<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29de w1f h9e\"><div class=\"t m1 x129 h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x289 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1f7 y29de w20 h9e\"><div class=\"t m1 xeb h9b y1f31 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29df w4a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls181 ws0\">Additions <span class=\"ls0\"> </span></div></td><td class=\"c x288 y29df w1f h9d\"><div class=\"t m1 x16f h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">43<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y29df w20 h9d\"><div class=\"t m1 x4 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">10</span>2) </div></td><td class=\"c x1f6 y29df w20 h9d\"><div class=\"t m1 x1bd h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">166<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29df w20 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e0 w4a h9d\"><div class=\"t m1 x0 h9b y1f5f ff59 fs2e fcb sc0 ls18a ws0\">Charge<span class=\"ls0\"> <span class=\"ls186\">to <span class=\"ls18e\">consolidated <span class=\"ls185\">income statemen<span class=\"_ _0\"></span>t<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 x193 haa y23ad ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x194 h9b y1f5f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x288 y29e0 w1f h9d\"><div class=\"t m1 x4b h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(2)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e0 w20 h9d\"><div class=\"t m1 x16f h9b y1f5f ff5b fs2e fcb sc0 ls186 ws0\">(45)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29e0 w20 h9d\"><div class=\"t m1 x3 h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(1)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e0 w20 h9d\"><div class=\"t m1 x4b h9b y1f5f ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29e1 w4a h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls179 ws0\">Sales or settlements<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e1 w1f h9e\"><div class=\"t m1 xdc h9b y1f39 ff5b fs2e fcb sc0 ls186 ws0\">(392)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e1 w20 h9e\"><div class=\"t m1 x16f h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(137)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e1 w20 h9e\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y29e2 w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls18a ws0\">Change in consoli<span class=\"_ _4\"></span>dated fund entitie<span class=\"_ _4\"></span>s held<span class=\"ls0\"> </span></div></td><td class=\"c x288 y29e2 w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls186 ws0\">(62)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y29e2 w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls17c ws0\">102<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29e2 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y27dc w4a h9d\"><div class=\"t m1 x0 h9b y1f61 ff5b fs2e fcb sc0 ls193 ws0\">At end of the <span class=\"_ _4\"></span>year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y27dc w1f h9d\"><div class=\"t m1 x189 h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">27<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x289 y27dc w20 h9d\"><div class=\"t m1 x75 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\"></span><span class=\"ls17b\">16</span>1) </div></td><td class=\"c x1f6 y27dc w20 h9d\"><div class=\"t m1 x1bd h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">291<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 x1c7 h9b y1f61 ff59 fs2e fcb sc0 ls187 ws0\">(14)<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Included within net income or gains on investments and other financial instruments. Includes net unrealised losses of $47 million (2024: $3 million) and foreign exchange movements. The Level 3 financial assets <span class=\"_ _4\"></span>in the portfolios of our <span class=\"_ _4\"></span>consolidated fund entities other <span class=\"_ _4\"></span>than CLOs primarily comprise <span class=\"ls17f\">bonds, equit<span class=\"_ _4\"></span>ies and credit<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span>linked notes.<span class=\"ls0\"> <span class=\"ls183\">The techniques used the valuations of those assets primarily <span class=\"_ _4\"></span>include discounted cash flows, esti<span class=\"_ _4\"></span>mat<span class=\"ls188\">ed recovery and single </span></span></span>broker quotes. The unobservable i<span class=\"_ _4\"></span>nputs in those valuations compri<span class=\"_ _4\"></span>se future cash flows, discount r<span class=\"_ _4\"></span>ates and yields.<span class=\"ls0\"> <span class=\"ls188\">Level 3 f<span class=\"_ _4\"></span>inancial assets </span></span>also include carried interest<span class=\"_ _4\"></span> receivable which is valued based on the <span class=\"_ _4\"></span>NAV of the underlying fu<span class=\"ls197\">nds.<span class=\"ls0\"> </span></span>Level 3 financial liabil<span class=\"_ _4\"></span>ities comprise<span class=\"ls0\"> <span class=\"ls185\">loans,</span> <span class=\"ls18e\">contingent consideration <span class=\"ls184\">payable<span class=\"ls190\">, carried interest payable<span class=\"_ _0\"></span></span></span></span> <span class=\"ls18e\">and put option</span>s <span class=\"ls183\">over non</span>-<span class=\"ls18e\">controlling </span></span>interests.<span class=\"ls0\"> <span class=\"ls183\">The</span> <span class=\"ls18e\">valuation</span>s <span class=\"ls183\">of the</span> <span class=\"ls18e\">contingent consideration payable for the acquisition of Aster<span class=\"_ _4\"></span>ia<span class=\"ls190\">, capped at $<span class=\"_ _0\"></span><span class=\"ls17f\">57 million,<span class=\"ls0\"> </span></span></span>and the put option over<span class=\"_ _4\"></span> </span></span>the non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests assume annualised growth in revenue of <span class=\"_ _4\"></span>up to <span class=\"ls17c\">11<span class=\"ls1be\">%. <span class=\"ls183\">The valuation of t<span class=\"_ _4\"></span>he contingent consideration payable for </span></span></span></span></span>the acquisition of Bardin Hill<span class=\"ls0\"> <span class=\"ls18e\">assumes annualised growth i<span class=\"ls197\">n <span class=\"ls18c\">revenue of up to 9%</span></span></span>.<span class=\"_ _0\"></span> C<span class=\"ls18e\">arried interest payable is valued at <span class=\"_ _4\"></span>the equal and opposite </span></span>of carried interest recei<span class=\"_ _4\"></span>vable.<span class=\"ls0\"> </span>Sensitivity analysi<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span>A 5% increase/decrea<span class=\"_ _4\"></span>se in the valuati<span class=\"_ _4\"></span>ons<span class=\"ls0\"> <span class=\"ls183\">of Level 3 financial assets</span> <span class=\"ls18e\">at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">would result i<span class=\"_ _4\"></span>n a <span class=\"ls0\">$<span class=\"ls17c\">14</span> <span class=\"ls19b\">milli<span class=\"_ _4\"></span>on increa<span class=\"_ _4\"></span>se/decrease<span class=\"_ _4\"></span> </span></span></span></span></span></span>in<span class=\"ls0\"> <span class=\"ls186\">the</span></span>ir<span class=\"ls0\"> <span class=\"ls186\">fair value.</span> </span>The table below illustrates<span class=\"_ _4\"></span> the impact of changing those unobservable <span class=\"_ _4\"></span>inputs to the valuations<span class=\"ls0\"> </span>of contingent <span class=\"_ _4\"></span>consideration and put options<span class=\"ls0\"> </span>over non<span class=\"ls0\">-<span class=\"ls18e\">controlling interests</span> <span class=\"ls185\">in relation to the acquisition<span class=\"_ _0\"></span></span>s </span>of Asteria<span class=\"ls0\"> <span class=\"ls18e\">and Bardin Hill</span> <span class=\"ls186\">that <span class=\"ls19b\">most si<span class=\"_ _4\"></span>gnifican<span class=\"_ _4\"></span>tly impac<span class=\"_ _4\"></span>t<span class=\"ls0\"> <span class=\"ls186\">the fair value </span></span></span></span></span>of<span class=\"ls0\"> <span class=\"ls186\">the</span> <span class=\"ls185\">liabilities at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>025.</span> </span><table class=\"s w10e h10d\" id=\"_417ef400-e626-44c1-999a-0c766a2c25e1\"><tr><td></td><td></td><td class=\"c x211 y29d7 w2c haf\"><div class=\"t m1 x67 h42 y1f2b ff5d fsd fcb sc0 ls0 ws0\">Increase/(decrease) in liability </div></td></tr><tr><td class=\"c x1f5 y29d8 w2b hae\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x211 y29d8 w2c hae\"><div class=\"t m1 x177 h42 y211f ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td></tr><tr><td class=\"c x1f5 y29d9 w2b h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls181 ws0\">Asteria f<span class=\"ls183\">orecast annual<span class=\"_ _4\"></span>ised growth in future revenues incr<span class=\"_ _4\"></span>eased by <span class=\"ls17c\">150%/(<span class=\"ls17f\">decreased by 50%<span class=\"ls0\">) </span></span></span></span></div></td><td class=\"c x211 y29d9 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff5b fs2e fcb sc0 ls17e ws0\">22<span class=\"ls0\"> </span></div></td><td class=\"c x212 y29d9 w1f h9e\"><div class=\"t m1 x3 h9b y1f79 ff5b fs2e fcb sc0 ls0 ws0\">(7) </div></td></tr><tr><td class=\"c x1f5 y29da w2b h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill <span class=\"ls186\">forecast<span class=\"ls0\"> <span class=\"ls18e\">annualised growth in <span class=\"_ _4\"></span>future<span class=\"ls0\"> <span class=\"ls18c\">revenues increased by 8<span class=\"_ _0\"></span></span>7<span class=\"ls1be\">%/(decreased by <span class=\"_ _4\"></span>8<span class=\"ls0\">7%</span><span class=\"ls0\">) </span></span></span></span></span></span></div></td><td class=\"c x211 y29da w1f h9d\"><div class=\"t m1 x129 h9b y1f26 ff5b fs2e fcb sc0 ls0 ws0\">8 </div></td><td class=\"c x212 y29da w1f h9d\"><div class=\"t m1 x2b h9b y1f26 ff5b fs2e fcb sc0 ls186 ws0\">(1<span class=\"ls0\">5</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "25<span class=\"ls1b6\">. Financia<span class=\"_ _4\"></span>l risk managemen<span class=\"_ _4\"></span>t<span class=\"ls0\"> </span></span>We are exp<span class=\"_ _4\"></span>osed to <span class=\"ls18e\">a variety <span class=\"_ _4\"></span>of financial risks: <span class=\"ls19b\">mar<span class=\"_ _4\"></span>ket risk<span class=\"_ _4\"></span>, liqui<span class=\"_ _4\"></span>dity ri<span class=\"_ _4\"></span>sk and cr<span class=\"_ _4\"></span>edit ris<span class=\"_ _4\"></span>k. <span class=\"ls17a\">Man Grou<span class=\"_ _4\"></span>p\u2019s risk ma<span class=\"_ _4\"></span>nagement framewor<span class=\"_ _4\"></span>k and inter<span class=\"_ _4\"></span>nal </span></span></span>control systems <span class=\"ls199\">seek<span class=\"ls0\"> <span class=\"ls186\">to manage these financial risks, with derivativ<span class=\"_ _0\"></span>e financial instruments used to hed<span class=\"_ _0\"></span>ge certain risk exposures.</span> </span></span>Further details of our <span class=\"_ _4\"></span>approach to the management and mitigation of <span class=\"_ _4\"></span>financial risk are incl<span class=\"_ _4\"></span>uded in the Risk <span class=\"ls0\">m<span class=\"ls18e\">anagement section of the </span></span>Strategic report on <span class=\"_ _4\"></span>page<span class=\"ls0\">s <span class=\"ls17f\">32 and 33</span>. </span>25<span class=\"ls1b7\">.1 Market<span class=\"_ _0\"></span> risk</span> Investment bo<span class=\"_ _0\"></span>ok performanc<span class=\"_ _0\"></span>e risk<span class=\"ls0\"> </span>Investments in<span class=\"_ _0\"></span> fund products e<span class=\"_ _0\"></span>xpose<span class=\"ls0\"> <span class=\"ls184\">us to market risk and are therefore managed withi<span class=\"_ _4\"></span>n limits consistent wit<span class=\"_ _4\"></span>h the Board\u2019s risk appetit<span class=\"_ _4\"></span>e. </span></span>In<span class=\"ls0\"> <span class=\"ls18e\">certain circumstances, we use derivative fi<span class=\"_ _4\"></span>nancial instruments, specifically equit<span class=\"_ _4\"></span>y swaps, to hedge the risk associated wit<span class=\"_ _4\"></span>h <span class=\"ls19b\">mark<span class=\"ls0\">-<span class=\"ls186\">to</span>-<span class=\"_ _1bd\"> </span></span></span></span></span>market<span class=\"ls0\"> </span>moveme<span class=\"_ _4\"></span>nts.<span class=\"ls0\"> </span>Market ris<span class=\"_ _4\"></span>k hedges<span class=\"ls0\"> </span><table class=\"s w110 h10f\" id=\"_410cbf87-135c-4008-b9b4-98d6fdb2e808\"><tr><td></td><td class=\"c x1e6 y29e3 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29e3 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29e4 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29e4 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29e5 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29e6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e6 w1f h9e\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e6 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">104<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e7 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(58)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls187\">(liabilities)/<span class=\"ls18e\">assets<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y29e8 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(42)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e8 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">92<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ea w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">L<span class=\"ls183\">oss</span> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income <span class=\"ls199\">statement</span></span></span>  </div></td><td class=\"c x1ec y29ea w1f h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ea w20 h9d\"><div class=\"t m1 x4b h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr></table>The market risk from seeding i<span class=\"_ _4\"></span>nvestments, including those financed vi<span class=\"_ _4\"></span>a repo and TRS arrangements, is modelled usi<span class=\"_ _4\"></span>ng a value a<span class=\"ls186\">t risk </span>methodolog<span class=\"_ _4\"></span>y with a <span class=\"_ _4\"></span>95% confi<span class=\"_ _4\"></span>dence int<span class=\"_ _4\"></span>erval and<span class=\"_ _4\"></span> one<span class=\"ls0\">-<span class=\"ls18e\">year time horizon. The value <span class=\"_ _4\"></span>at risk<span class=\"ls190\">, net of <span class=\"ls19b\">market ris<span class=\"_ _4\"></span>k hedges,<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls185\">is estimated<span class=\"_ _0\"></span> to be </span></span></span></span></span></span>$<span class=\"ls17f\">60</span> <span class=\"ls19b\">million a<span class=\"_ _4\"></span>t 31 Dece<span class=\"_ _4\"></span>mber 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $</span>67 </span>million). <span class=\"_ _4\"></span><span class=\"ls0\"> </span></span>We general<span class=\"_ _4\"></span>ly hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n the assoc<span class=\"_ _4\"></span>iated fund <span class=\"_ _4\"></span>products to <span class=\"_ _4\"></span>hedge the mar<span class=\"_ _4\"></span>k<span class=\"ls0\">-<span class=\"ls186\">to</span>-<span class=\"ls19b\">market movement<span class=\"_ _4\"></span> in fund<span class=\"_ _4\"></span> product<span class=\"ls0\">-<span class=\"ls17f\">based </span></span></span></span>compensation over the vesting <span class=\"ls184\">period.<span class=\"ls0\"> </span></span>Our maximum exposure t<span class=\"_ _4\"></span>o loss associate<span class=\"_ _4\"></span>d with interests <span class=\"_ _4\"></span>in<span class=\"ls0\"> <span class=\"ls183\">our consolidated CLOs</span> <span class=\"ls185\">is limited to the net in<span class=\"_ _0\"></span>vestment in th<span class=\"_ _0\"></span>ese CLOs. <span class=\"_ _0\"></span></span> </span>Foreign currency risk<span class=\"ls0\"> </span>We are subj<span class=\"_ _4\"></span>ect to ris<span class=\"_ _4\"></span>k from changes<span class=\"_ _4\"></span> in forei<span class=\"_ _4\"></span>gn exchange ra<span class=\"_ _4\"></span>tes on monetar<span class=\"_ _4\"></span>y assets an<span class=\"_ _4\"></span>d liabili<span class=\"_ _4\"></span>ties.<span class=\"ls0\"> <span class=\"_ _4\"></span><span class=\"ls1b2\">In certain circum<span class=\"_ _0\"></span>stances, we us<span class=\"_ _0\"></span>e derivative </span></span>financial instruments, specifically forw<span class=\"_ _0\"></span>ard foreign exchange contra<span class=\"_ _0\"></span>cts with a one<span class=\"ls0\">-<span class=\"ls1a6\">month dura<span class=\"_ _4\"></span>tion, to<span class=\"_ _4\"></span> hedge the <span class=\"_ _4\"></span>risk as<span class=\"_ _4\"></span>sociated w<span class=\"_ _4\"></span>ith forei<span class=\"_ _4\"></span>gn </span></span>exchange movements.<span class=\"ls0\"> </span>Foreign exchange hedges<span class=\"ls0\"> </span><table class=\"s w111 h110\" id=\"_80ddf79c-ac91-43ea-bbf6-2862090422a1\"><tr><td></td><td class=\"c x1e6 y29eb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29eb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29ec w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29ec w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29ed w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ee w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ee w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ee w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ef w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ef w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(82)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ef w20 h9d\"><div class=\"t m1 x75 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(152)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls18e\">assets</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f0 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f0 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29f2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Gain/(loss) <span class=\"ls17f\">befor<span class=\"_ _4\"></span>e the impact of hedging<span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f2 w1f h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y29f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(5)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(Loss)/gain<span class=\"ls0\"> <span class=\"ls183\">on hedging instruments</span> </span></div></td><td class=\"c x1ec y29f3 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f3 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">Gain<span class=\"ls0\"> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income statement</span></span> <span class=\"ls18e\">after the impact of hedging</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f4 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1ed y29f4 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr></table>The table below reflects the <span class=\"_ _4\"></span>currency profile of our net f<span class=\"_ _4\"></span>oreign currency (non<span class=\"ls0\">-<span class=\"ls193\">USD) monetary <span class=\"_ _4\"></span>assets and liabi<span class=\"_ _4\"></span>lities aft<span class=\"_ _4\"></span>er the impact </span></span>of<span class=\"ls0\"> <span class=\"ls184\">hedging:</span> </span><table class=\"s w68 he8\" id=\"_e1b771c9-cd18-4c0c-89cd-eb645919bd4c\"><tr><td></td><td class=\"c x1e6 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29f5 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29f5 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29f6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls179 ws0\">Sterling<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f6 w1f h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f6 w20 h9e\"><div class=\"t m1 x16f h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(112)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls179 ws0\">Swiss Franc<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f7 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(70)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(19)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls197 ws0\">Euro<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f8 w1f h9d\"><div class=\"t m1 x1bb h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f8 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y29f9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Australian <span class=\"ls0\">D<span class=\"ls183\">ollar</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f9 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f9 w20 h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y29fa w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fa w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fa w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29fb w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fb w1f h9d\"><div class=\"t m1 x4 h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(109)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fb w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(100)<span class=\"ls0\"> </span></div></td></tr></table>A 10% strengthenin<span class=\"_ _4\"></span>g/weakening of the USD <span class=\"_ _4\"></span>against all other<span class=\"_ _4\"></span> currencies, wit<span class=\"_ _4\"></span>h all other vari<span class=\"_ _4\"></span>ables held constant<span class=\"_ _4\"></span>, would have res<span class=\"ls184\">ulted <span class=\"_ _4\"></span>in a </span>foreign exchange loss/gain of <span class=\"ls197\">$11 <span class=\"ls19b\">million (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>10 </span>milli<span class=\"_ _4\"></span>on), wit<span class=\"_ _4\"></span>h a corr<span class=\"_ _4\"></span>esponding <span class=\"_ _4\"></span>impact on <span class=\"_ _4\"></span>equity. <span class=\"_ _4\"></span>This pre<span class=\"ls0\">-<span class=\"ls186\">tax expos<span class=\"ls184\">ure is based <span class=\"_ _4\"></span>on non<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></span></span></span></span>USD balances hel<span class=\"_ _4\"></span>d by USD functiona<span class=\"_ _4\"></span>l currency enti<span class=\"_ _4\"></span>ties at 31 De<span class=\"_ _4\"></span>cember.<span class=\"ls0\"> </span>Interest rate risk<span class=\"ls0\"> </span>We are subj<span class=\"_ _4\"></span>ect to ri<span class=\"_ _4\"></span>sk from chan<span class=\"_ _4\"></span>ges in int<span class=\"_ _4\"></span>erest rate<span class=\"_ _4\"></span>s on monetary<span class=\"_ _4\"></span> assets and <span class=\"_ _4\"></span>liabili<span class=\"_ _4\"></span>ties, pri<span class=\"_ _4\"></span>ncipally c<span class=\"_ _4\"></span>ash deposits<span class=\"_ _4\"></span> and finan<span class=\"ls18e\">cing cost<span class=\"_ _4\"></span>s. In </span>respect<span class=\"ls0\"> <span class=\"ls183\">of our monetary assets and liabiliti<span class=\"_ _4\"></span>es which earn/incur interest indexed <span class=\"_ _4\"></span>to floating rates, as at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls18e\">a 100 basis point </span></span></span></span>increase/dec<span class=\"_ _0\"></span>rease in these r<span class=\"_ _0\"></span>ates, with all oth<span class=\"_ _0\"></span>er variables held<span class=\"_ _0\"></span> constant, w<span class=\"_ _0\"></span>ould have resu<span class=\"_ _0\"></span>lted in a <span class=\"ls197\">nil <span class=\"ls187\">(202<span class=\"ls0\">4<span class=\"_ _0\"></span><span class=\"ls190\">: </span></span></span>nil<span class=\"ls187\">) increas<span class=\"ls188\">e/decrease in net </span></span></span>interest expen<span class=\"_ _0\"></span>se.<span class=\"ff63 ls0\"> </span>25<span class=\"ls1b7\">.2 Credit r<span class=\"_ _0\"></span>isk</span> Credit risk i<span class=\"_ _4\"></span>s the risk of <span class=\"_ _4\"></span>financial loss <span class=\"_ _4\"></span>as a result of<span class=\"ls0\"> <span class=\"ls18e\">a counterparty <span class=\"_ _4\"></span>failing to meet its contractual obl<span class=\"_ _4\"></span>igations. This risk is mit<span class=\"_ _4\"></span>igated by the </span></span>diversification of ex<span class=\"_ _4\"></span>posures across a number of the strongest <span class=\"_ _4\"></span>available financial counterpar<span class=\"_ _4\"></span>ties, each of which is approved <span class=\"_ _4\"></span>a<span class=\"ls197\">nd regularly </span>reviewed and challenged<span class=\"_ _0\"></span> for<span class=\"ls0\"> <span class=\"ls18e\">creditworthiness by <span class=\"ls17a\">Man Group\u2019<span class=\"_ _4\"></span>s<span class=\"ls0\"> <span class=\"ls18e\">counterparty committee. Our risk teams monitor <span class=\"_ _4\"></span>credit metrics, including </span></span></span></span></span>credit default swap spreads and credi<span class=\"_ _4\"></span>t ratings, on a daily basis.<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the <span class=\"ls197\">$173 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion ava<span class=\"_ _4\"></span>ilable c<span class=\"_ _4\"></span>ash and c<span class=\"_ _4\"></span>ash equiv<span class=\"_ _4\"></span>alents ba<span class=\"_ _4\"></span>lance wa<span class=\"ls199\">s held with <span class=\"ls17c\">18 <span class=\"ls17f\">banks (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">225</span></span> <span class=\"ls19b\">million wit<span class=\"_ _4\"></span>h </span></span></span></span></span></span></span></span></span>19 <span class=\"ls17f\">banks). </span> <table class=\"s w112 he0\" id=\"_2b7a52ba-8c69-4f95-b4c5-86c2b0a98cc6\"><tr><td></td><td class=\"c x1f0 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fc w29 h9c\"><div class=\"t m1 x0 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Credit ratings of banks  </div></td><td class=\"c x1f3 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fd w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">AAA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fd w20 h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fe w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls181 ws0\">AA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fe w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff5b fs2e fcb sc0 ls188 ws0\">74<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fe w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls17c ws0\">130<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ff w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">A </div></td><td class=\"c x1f6 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a00 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">BB<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a00 w20 h9d\"><div class=\"t m1 x177 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y2a00 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y2a01 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">225<span class=\"ls0\"> </span></div></td></tr></table>The single largest counterpart<span class=\"_ _4\"></span>y bank exposure of <span class=\"ls197\">$46 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion is <span class=\"_ _4\"></span>held with<span class=\"_ _4\"></span> an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank (202</span>4<span class=\"ls190\">: $</span>5<span class=\"_ _0\"></span>6 </span>million h<span class=\"_ _4\"></span>eld with <span class=\"_ _4\"></span>an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank).</span> </span></span></span>As in 202<span class=\"ls0\">4<span class=\"ls190\">, all derivatives are held<span class=\"_ _0\"></span> with counterp<span class=\"_ _0\"></span>arties with ratin<span class=\"_ _0\"></span>gs of A or high<span class=\"_ _0\"></span>er and mature<span class=\"_ _0\"></span> within one ye<span class=\"_ _0\"></span>ar. </span></span>Accordingly, under <span class=\"_ _4\"></span>the expected credit loss model of I<span class=\"_ _4\"></span>FRS 9 \u2018Financial Instruments\u2019, <span class=\"ls197\">no<span class=\"ls0\"> <span class=\"ls185\">impairment of t<span class=\"ls184\">he collateral held with deri<span class=\"_ _4\"></span>vative counterparties has been </span></span></span></span>recognised at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: n<span class=\"_ _0\"></span>il).</span> </span>The majority of fees are deducted <span class=\"_ _4\"></span>from the NAVs of the respective funds <span class=\"_ _4\"></span>by the independent administrators and ther<span class=\"_ _4\"></span>efore <span class=\"ls17f\">both <span class=\"ls186\">the credit </span></span>risk of fee receivables<span class=\"ls0\"> <span class=\"ls18e\">and the quantum of overdue balances are</span> <span class=\"ls19b\">minimal. <span class=\"_ _4\"></span><span class=\"ls18b\">Our exposure to <span class=\"ls186\">finance lease <span class=\"ls18c\">receivables is not considered a </span></span></span></span></span>significant credit risk due to the credit quality of t<span class=\"_ _4\"></span>he lessees.<span class=\"ls0\"> <span class=\"ls181\">Accordingly<span class=\"ls190\">, <span class=\"ls197\">no</span></span></span> <span class=\"ls185\">impairment has</span> <span class=\"ls17f\">been recognised</span> <span class=\"ls185\">in respe<span class=\"_ _0\"></span>ct of these <span class=\"ls18c\">rece<span class=\"_ _0\"></span>ivables</span></span> </span>at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: nil).</span> </span>The assets held by our consoli<span class=\"_ _4\"></span>dated CLOs comprise loans and bonds<span class=\"ls190\">, cash and receivables<span class=\"_ _0\"></span>. Our maximu<span class=\"_ _0\"></span>m exposure<span class=\"_ _0\"></span> to the credit risk<span class=\"_ _0\"></span> </span>associated with <span class=\"ls186\">these assets<span class=\"ls0\"> <span class=\"ls185\">is limited to the<span class=\"_ _0\"></span> net investme<span class=\"_ _0\"></span>nt in these CL<span class=\"_ _0\"></span>Os, which</span> <span class=\"_ _0\"></span></span></span>at 31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">was <span class=\"ls197\">$79 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion (202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17e\">89</span> </span>mill<span class=\"_ _4\"></span>ion).<span class=\"ls0\"> </span></span></span></span></span>The <span class=\"ls18e\">creditworthiness of the asset <span class=\"_ _4\"></span>portfolios is reflected in <span class=\"_ _4\"></span>the <span class=\"ls186\">fair<span class=\"ls0\"> </span></span>value<span class=\"ls0\"> o<span class=\"ls186\">f our consolidated<span class=\"_ _0\"></span> CLO</span> </span>assets<span class=\"ls0\">.<span class=\"_ _1bd\"> </span></span></span>25<span class=\"ls1b7\">.3 Liquidit<span class=\"_ _0\"></span>y risk</span> Liquidity resources support ongoi<span class=\"_ _4\"></span>ng operations and potential liquidi<span class=\"_ _4\"></span>ty<span class=\"ls0\"> <span class=\"ls18c\">requirements un<span class=\"_ _0\"></span>der scenarios that assume stre<span class=\"_ _0\"></span>ssed market and </span></span>economic conditions. Our funding requir<span class=\"_ _4\"></span>ements relating to the investment management process are <span class=\"_ _4\"></span>discretionary. Our liquidity <span class=\"ls184\">pr<span class=\"_ _4\"></span>ofile is </span>monitored<span class=\"_ _4\"></span> on a dai<span class=\"_ _4\"></span>ly basi<span class=\"_ _4\"></span>s and the <span class=\"_ _4\"></span>stressed <span class=\"_ _4\"></span>scenarios<span class=\"_ _4\"></span> are <span class=\"ls184\">updated regul<span class=\"_ _4\"></span>arly. The Board reviews our <span class=\"_ _4\"></span>funding resources at each Board meeti<span class=\"_ _4\"></span>ng </span>and on an annual basis, as<span class=\"ls0\"> <span class=\"ls184\">part of t<span class=\"_ _4\"></span>he strategic planning process.<span class=\"_ _4\"></span> Our available liqui<span class=\"_ _4\"></span>dity is considered suffi<span class=\"_ _4\"></span>cient to cover current </span></span>requirements and poten<span class=\"_ _0\"></span>tial requirements un<span class=\"ls17f\">der stressed scenarios. <span class=\"ls0\"> </span></span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, we had total liquidity of <span class=\"ls197\">$973 <span class=\"ls19b\">million (202<span class=\"_ _4\"></span><span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17c\">1,025</span></span> <span class=\"ls19b\">million) comp<span class=\"_ _4\"></span>rising <span class=\"ls197\">$1<span class=\"_ _4\"></span>73 <span class=\"ls19b\">million<span class=\"_ _4\"></span> (202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">225</span></span> </span>millio<span class=\"_ _4\"></span>n) of ava<span class=\"_ _4\"></span>ilable </span></span></span></span></span></span></span></span>cash and cash equivalents and <span class=\"ls197\">$800 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion (2<span class=\"_ _4\"></span>02<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17e\">800 million) of undrawn committ<span class=\"_ _4\"></span>ed revol<span class=\"ls18e\">ving credit facili<span class=\"_ _4\"></span>ty<span class=\"ls0\"> <span class=\"ls187\">(RCF)<span class=\"ls190\">. </span></span> </span></span></span></span></span></span></span>Available cash an<span class=\"_ _4\"></span>d cash equivalents <span class=\"_ _4\"></span>are invested in acc<span class=\"_ _4\"></span>ordance with strict<span class=\"_ _4\"></span> limits consist<span class=\"_ _4\"></span>ent with the Board\u2019<span class=\"_ _4\"></span>s risk appetite<span class=\"_ _4\"></span>, <span class=\"ls17a\">which consi<span class=\"_ _4\"></span>der </span>both the security and avail<span class=\"_ _4\"></span>ability of liquidi<span class=\"_ _4\"></span>ty. Accordingly, cash is hel<span class=\"_ _4\"></span>d in on<span class=\"ls0\">-</span>demand<span class=\"ls0\"> <span class=\"ls18e\">and short</span>-<span class=\"ls186\">term bank deposits and mo<span class=\"_ _0\"></span>ney market funds, </span></span>and at times invested in short<span class=\"ls0\">-<span class=\"ls186\">term US Treasury bills (which meet the definition of cash eq<span class=\"_ _0\"></span>uivalents). </span> </span>Our $800 milli<span class=\"_ _4\"></span>on committed RCF is <span class=\"_ _4\"></span>immediately accessibl<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">and</span> <span class=\"ls17f\">does not include financial covenants t<span class=\"_ _4\"></span>o maintain maximum flexibility<span class=\"ls190\">. </span></span></span>The<span class=\"ls0\"> <span class=\"ls18f\">RCF is currently <span class=\"_ _4\"></span>scheduled to mature i<span class=\"_ _4\"></span>n December 20<span class=\"ls17f\">30<span class=\"ls0\">. <span class=\"ls18b\">Our other borrowi<span class=\"_ _4\"></span>ngs have maturity dat<span class=\"_ _4\"></span>es between November 2026 a<span class=\"_ _4\"></span>nd </span></span></span></span></span>June<span class=\"ls0\"> <span class=\"ls18d\">2029.</span> </span>Our maximum exposure t<span class=\"_ _4\"></span>o loss associate<span class=\"_ _4\"></span>d with int<span class=\"ls188\">erests in<span class=\"ls0\"> <span class=\"ls183\">our consol<span class=\"_ _4\"></span>idated CLOs<span class=\"ls0\"> <span class=\"ls185\">is limited to the n<span class=\"_ _0\"></span>et investme<span class=\"_ _0\"></span>nt in these CLO<span class=\"_ _0\"></span>s</span> <span class=\"ls187\">(Note </span>5<span class=\"ls190\">.2)<span class=\"_ _0\"></span>. </span></span></span></span></span>Therefore, the CLO liabili<span class=\"_ _4\"></span>ties on the consolidated balance sheet<span class=\"_ _4\"></span> of <span class=\"ls0\">$<span class=\"ls17c\">1,402</span> <span class=\"ls19b\">million (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls197\">$1,<span class=\"ls17f\">366</span></span></span> </span>millio<span class=\"_ _4\"></span>n<span class=\"ls187\">) do not present a liquidity risk to </span></span></span>Man<span class=\"ls0\"> <span class=\"ls18b\">Group as we have n<span class=\"_ _4\"></span>o<span class=\"ls0\"> <span class=\"ls183\">obligation to repay the noteholders <span class=\"_ _4\"></span>at<span class=\"ls0\"> <span class=\"ls19b\">maturity <span class=\"_ _4\"></span>should the<span class=\"_ _4\"></span> CLO asset<span class=\"_ _4\"></span>s be ins<span class=\"_ _4\"></span>ufficient<span class=\"_ _4\"></span> to meet <span class=\"_ _4\"></span>the obli<span class=\"_ _4\"></span>gations<span class=\"ls0\">. <span class=\"ls18b\">Other<span class=\"_ _4\"></span> </span></span></span></span></span></span></span></span>borrowings of $13 milli<span class=\"_ _4\"></span>on do not present a liquidi<span class=\"_ _4\"></span>ty risk to Man Group as the amounts <span class=\"_ _4\"></span>repayable are directly link<span class=\"_ _4\"></span>ed to the va<span class=\"ls1bb\">lue of the CLO<span class=\"ls0\"> </span></span>note holdings they have f<span class=\"_ _4\"></span>unded.<span class=\"ls0\"> </span>Maturity a<span class=\"_ _4\"></span>nalysis<span class=\"ls0\"> </span>Trade and other payables<span class=\"ls0\"> <span class=\"ls18e\">can be analysed accordi<span class=\"_ _4\"></span>ng to their contractual maturity dates <span class=\"ls183\">on <span class=\"_ _4\"></span>an undiscounted cash flow basis <span class=\"ls18e\">as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span></span></span></span><table class=\"s w113 h111\" id=\"_7e672957-c5d5-4560-a49b-570cebdab114\"><tr><td></td><td class=\"c x1f0 y2a02 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2a02 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2a03 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2a03 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a04 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls19f ws0\">Within one<span class=\"_ _4\"></span> year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a04 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">666<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a04 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">600<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a05 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Between one and thre<span class=\"_ _4\"></span>e <span class=\"ls18e\">years</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y2a05 w20 h9d\"><div class=\"t m1 x189 h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">1<span class=\"ls188\">78</span> </div></td><td class=\"c x1f7 y2a05 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls197 ws0\">41<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a06 w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">After three year<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a06 w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a06 w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2a07 w20 h9e\"><div class=\"t m1 x75 h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">63</span> </div></td><td class=\"c x1f7 y2a07 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">661<span class=\"ls0\"> </span></div></td></tr></table>A maturity analys<span class=\"_ _4\"></span>is of our undisco<span class=\"_ _4\"></span>unted lease liabil<span class=\"_ _4\"></span>ities is set <span class=\"_ _4\"></span>out in Note 8.<span class=\"ls0\">2.</span><span class=\"ls0\"> </span>25<span class=\"ls1b7\">.4 Capita<span class=\"_ _0\"></span>l manageme<span class=\"_ _0\"></span>nt</span> Man Group <span class=\"ls184\">has <span class=\"_ _4\"></span>a clear, disciplined <span class=\"_ _4\"></span>capital management framework, <span class=\"ls18e\">actively manag<span class=\"ls185\">ing<span class=\"ls0\"> </span>its capital to maximise<span class=\"_ _0\"></span> value to shareh<span class=\"_ _0\"></span>olders by eith<span class=\"_ _0\"></span>er </span></span></span>investing that c<span class=\"_ _0\"></span>apital to impro<span class=\"_ _0\"></span>ve shareholde<span class=\"_ _0\"></span>r returns in the<span class=\"_ _0\"></span> future or by retu<span class=\"_ _0\"></span>rning it throug<span class=\"_ _0\"></span>h higher divid<span class=\"_ _0\"></span>ends or share<span class=\"_ _0\"></span> repu<span class=\"ls18c\">rc<span class=\"ls184\">hases. <span class=\"ls19f\">We </span></span></span>periodically review <span class=\"_ _4\"></span>our accumulated capital reserves<span class=\"_ _4\"></span> to determine whether they exceed the amounts <span class=\"_ _4\"></span><span class=\"ls18c\">required<span class=\"ls0\"> <span class=\"ls186\">to ensure financial stability </span></span></span>and to provide an appropriate level <span class=\"_ _4\"></span>of security to our stakeholders.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The<span class=\"ls0\"> <span class=\"ls199\">key decision</span>-<span class=\"ls19b\">making are<span class=\"_ _4\"></span>as <span class=\"ls18c\">relating to<span class=\"ls0\"> <span class=\"ls186\">the deployment and ma<span class=\"_ _0\"></span>intenance of capital<span class=\"ls190\">, includ<span class=\"_ _0\"></span>ing material a<span class=\"_ _0\"></span>cquisitions an<span class=\"_ _0\"></span>d disposals, sh<span class=\"_ _0\"></span>are </span></span></span></span></span></span>repurchases, capital structure an<span class=\"_ _0\"></span>d dividend policy, are matters rese<span class=\"_ _0\"></span>rved for the Board.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs1ca\">25<span class=\"ls1b7\">.1 Market<span class=\"_ _0\"></span> risk</span> </div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls198 ws0 gs1cb\">Investment bo<span class=\"_ _0\"></span>ok performanc<span class=\"_ _0\"></span>e risk<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs1cc\">Investments in<span class=\"_ _0\"></span> fund products e<span class=\"_ _0\"></span>xpose<span class=\"ls0\"> <span class=\"ls184\">us to market risk and are therefore managed withi<span class=\"_ _4\"></span>n limits consistent wit<span class=\"_ _4\"></span>h the Board\u2019s risk appetit<span class=\"_ _4\"></span>e. </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls198 ws0 gs1cd\">In<span class=\"ls0\"> <span class=\"ls18e\">certain circumstances, we use derivative fi<span class=\"_ _4\"></span>nancial instruments, specifically equit<span class=\"_ _4\"></span>y swaps, to hedge the risk associated wit<span class=\"_ _4\"></span>h <span class=\"ls19b\">mark<span class=\"ls0\">-<span class=\"ls186\">to</span>-<span class=\"_ _1bd\"> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs1ce\">market<span class=\"ls0\"> </span>moveme<span class=\"_ _4\"></span>nts.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls1c2 ws0 gs1cf\">Market ris<span class=\"_ _4\"></span>k hedges<span class=\"ls0\"> </span></div><div class=\"gs1d0\"><table class=\"s w110 h10f\" id=\"_410cbf87-135c-4008-b9b4-98d6fdb2e808\"><tr><td></td><td class=\"c x1e6 y29e3 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29e3 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29e4 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29e4 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29e5 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29e6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e6 w1f h9e\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">16<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e6 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">104<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29e7 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(58)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(12)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls187\">(liabilities)/<span class=\"ls18e\">assets<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x1ec y29e8 w1f h9d\"><div class=\"t m1 x189 h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(42)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29e8 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">92<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29e9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ea w29 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">L<span class=\"ls183\">oss</span> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income <span class=\"ls199\">statement</span></span></span>  </div></td><td class=\"c x1ec y29ea w1f h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(13)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ea w20 h9d\"><div class=\"t m1 x4b h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(2)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1d1\">The market risk from seeding i<span class=\"_ _4\"></span>nvestments, including those financed vi<span class=\"_ _4\"></span>a repo and TRS arrangements, is modelled usi<span class=\"_ _4\"></span>ng a value a<span class=\"ls186\">t risk </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs1d2\">methodolog<span class=\"_ _4\"></span>y with a <span class=\"_ _4\"></span>95% confi<span class=\"_ _4\"></span>dence int<span class=\"_ _4\"></span>erval and<span class=\"_ _4\"></span> one<span class=\"ls0\">-<span class=\"ls18e\">year time horizon. The value <span class=\"_ _4\"></span>at risk<span class=\"ls190\">, net of <span class=\"ls19b\">market ris<span class=\"_ _4\"></span>k hedges,<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls185\">is estimated<span class=\"_ _0\"></span> to be </span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs1d3\">$<span class=\"ls17f\">60</span> <span class=\"ls19b\">million a<span class=\"_ _4\"></span>t 31 Dece<span class=\"_ _4\"></span>mber 202<span class=\"ls0\">5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: $</span>67 </span>million). <span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs1d4\">We general<span class=\"_ _4\"></span>ly hold an <span class=\"_ _4\"></span>investment i<span class=\"_ _4\"></span>n the assoc<span class=\"_ _4\"></span>iated fund <span class=\"_ _4\"></span>products to <span class=\"_ _4\"></span>hedge the mar<span class=\"_ _4\"></span>k<span class=\"ls0\">-<span class=\"ls186\">to</span>-<span class=\"ls19b\">market movement<span class=\"_ _4\"></span> in fund<span class=\"_ _4\"></span> product<span class=\"ls0\">-<span class=\"ls17f\">based </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1d5\">compensation over the vesting <span class=\"ls184\">period.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs1d6\">Our maximum exposure t<span class=\"_ _4\"></span>o loss associate<span class=\"_ _4\"></span>d with interests <span class=\"_ _4\"></span>in<span class=\"ls0\"> <span class=\"ls183\">our consolidated CLOs</span> <span class=\"ls185\">is limited to the net in<span class=\"_ _0\"></span>vestment in th<span class=\"_ _0\"></span>ese CLOs. <span class=\"_ _0\"></span></span> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18d ws0 gs1d7\">Foreign currency risk<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls1b4 ws0 gs1d8\">We are subj<span class=\"_ _4\"></span>ect to ris<span class=\"_ _4\"></span>k from changes<span class=\"_ _4\"></span> in forei<span class=\"_ _4\"></span>gn exchange ra<span class=\"_ _4\"></span>tes on monetar<span class=\"_ _4\"></span>y assets an<span class=\"_ _4\"></span>d liabili<span class=\"_ _4\"></span>ties.<span class=\"ls0\"> <span class=\"_ _4\"></span><span class=\"ls1b2\">In certain circum<span class=\"_ _0\"></span>stances, we us<span class=\"_ _0\"></span>e derivative </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls1a1 ws0 gs1d9\">financial instruments, specifically forw<span class=\"_ _0\"></span>ard foreign exchange contra<span class=\"_ _0\"></span>cts with a one<span class=\"ls0\">-<span class=\"ls1a6\">month dura<span class=\"_ _4\"></span>tion, to<span class=\"_ _4\"></span> hedge the <span class=\"_ _4\"></span>risk as<span class=\"_ _4\"></span>sociated w<span class=\"_ _4\"></span>ith forei<span class=\"_ _4\"></span>gn </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls1af ws0 gs1da\">exchange movements.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls179 ws0 gs1db\">Foreign exchange hedges<span class=\"ls0\"> </span></div><div class=\"gs1dc\"><table class=\"s w111 h110\" id=\"_80ddf79c-ac91-43ea-bbf6-2862090422a1\"><tr><td></td><td class=\"c x1e6 y29eb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29eb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29ec w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29ec w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29ed w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ee w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ee w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ee w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ef w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ef w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(82)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ef w20 h9d\"><div class=\"t m1 x75 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(152)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls18e\">assets</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f0 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f0 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29f2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Gain/(loss) <span class=\"ls17f\">befor<span class=\"_ _4\"></span>e the impact of hedging<span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f2 w1f h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y29f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(5)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(Loss)/gain<span class=\"ls0\"> <span class=\"ls183\">on hedging instruments</span> </span></div></td><td class=\"c x1ec y29f3 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f3 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">Gain<span class=\"ls0\"> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income statement</span></span> <span class=\"ls18e\">after the impact of hedging</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f4 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1ed y29f4 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1dd\">The table below reflects the <span class=\"_ _4\"></span>currency profile of our net f<span class=\"_ _4\"></span>oreign currency (non<span class=\"ls0\">-<span class=\"ls193\">USD) monetary <span class=\"_ _4\"></span>assets and liabi<span class=\"_ _4\"></span>lities aft<span class=\"_ _4\"></span>er the impact </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1de\">of<span class=\"ls0\"> <span class=\"ls184\">hedging:</span> </span></div><div class=\"gs1df\"><table class=\"s w68 he8\" id=\"_e1b771c9-cd18-4c0c-89cd-eb645919bd4c\"><tr><td></td><td class=\"c x1e6 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29f5 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29f5 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29f6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls179 ws0\">Sterling<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f6 w1f h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f6 w20 h9e\"><div class=\"t m1 x16f h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(112)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls179 ws0\">Swiss Franc<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f7 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(70)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(19)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls197 ws0\">Euro<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f8 w1f h9d\"><div class=\"t m1 x1bb h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f8 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y29f9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Australian <span class=\"ls0\">D<span class=\"ls183\">ollar</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f9 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f9 w20 h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y29fa w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fa w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fa w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29fb w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fb w1f h9d\"><div class=\"t m1 x4 h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(109)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fb w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(100)<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs1e0\">A 10% strengthenin<span class=\"_ _4\"></span>g/weakening of the USD <span class=\"_ _4\"></span>against all other<span class=\"_ _4\"></span> currencies, wit<span class=\"_ _4\"></span>h all other vari<span class=\"_ _4\"></span>ables held constant<span class=\"_ _4\"></span>, would have res<span class=\"ls184\">ulted <span class=\"_ _4\"></span>in a </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs1e1\">foreign exchange loss/gain of <span class=\"ls197\">$11 <span class=\"ls19b\">million (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>10 </span>milli<span class=\"_ _4\"></span>on), wit<span class=\"_ _4\"></span>h a corr<span class=\"_ _4\"></span>esponding <span class=\"_ _4\"></span>impact on <span class=\"_ _4\"></span>equity. <span class=\"_ _4\"></span>This pre<span class=\"ls0\">-<span class=\"ls186\">tax expos<span class=\"ls184\">ure is based <span class=\"_ _4\"></span>on non<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls193 ws0 gs1e2\">USD balances hel<span class=\"_ _4\"></span>d by USD functiona<span class=\"_ _4\"></span>l currency enti<span class=\"_ _4\"></span>ties at 31 De<span class=\"_ _4\"></span>cember.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls198 ws0 gs1e3\">Interest rate risk<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19f ws0 gs1e4\">We are subj<span class=\"_ _4\"></span>ect to ri<span class=\"_ _4\"></span>sk from chan<span class=\"_ _4\"></span>ges in int<span class=\"_ _4\"></span>erest rate<span class=\"_ _4\"></span>s on monetary<span class=\"_ _4\"></span> assets and <span class=\"_ _4\"></span>liabili<span class=\"_ _4\"></span>ties, pri<span class=\"_ _4\"></span>ncipally c<span class=\"_ _4\"></span>ash deposits<span class=\"_ _4\"></span> and finan<span class=\"ls18e\">cing cost<span class=\"_ _4\"></span>s. In </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs1e5\">respect<span class=\"ls0\"> <span class=\"ls183\">of our monetary assets and liabiliti<span class=\"_ _4\"></span>es which earn/incur interest indexed <span class=\"_ _4\"></span>to floating rates, as at <span class=\"_ _4\"></span>31 December 202<span class=\"ls0\">5 <span class=\"ls18e\">a 100 basis point </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs1e6\">increase/dec<span class=\"_ _0\"></span>rease in these r<span class=\"_ _0\"></span>ates, with all oth<span class=\"_ _0\"></span>er variables held<span class=\"_ _0\"></span> constant, w<span class=\"_ _0\"></span>ould have resu<span class=\"_ _0\"></span>lted in a <span class=\"ls197\">nil <span class=\"ls187\">(202<span class=\"ls0\">4<span class=\"_ _0\"></span><span class=\"ls190\">: </span></span></span>nil<span class=\"ls187\">) increas<span class=\"ls188\">e/decrease in net </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls185 ws0 gs1e7\">interest expen<span class=\"_ _0\"></span>se.<span class=\"ff63 ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "Foreign currency risk<span class=\"ls0\"> </span>We are subj<span class=\"_ _4\"></span>ect to ris<span class=\"_ _4\"></span>k from changes<span class=\"_ _4\"></span> in forei<span class=\"_ _4\"></span>gn exchange ra<span class=\"_ _4\"></span>tes on monetar<span class=\"_ _4\"></span>y assets an<span class=\"_ _4\"></span>d liabili<span class=\"_ _4\"></span>ties.<span class=\"ls0\"> <span class=\"_ _4\"></span><span class=\"ls1b2\">In certain circum<span class=\"_ _0\"></span>stances, we us<span class=\"_ _0\"></span>e derivative </span></span>financial instruments, specifically forw<span class=\"_ _0\"></span>ard foreign exchange contra<span class=\"_ _0\"></span>cts with a one<span class=\"ls0\">-<span class=\"ls1a6\">month dura<span class=\"_ _4\"></span>tion, to<span class=\"_ _4\"></span> hedge the <span class=\"_ _4\"></span>risk as<span class=\"_ _4\"></span>sociated w<span class=\"_ _4\"></span>ith forei<span class=\"_ _4\"></span>gn </span></span>exchange movements.<span class=\"ls0\"> </span>Foreign exchange hedges<span class=\"ls0\"> </span><table class=\"s w111 h110\" id=\"_80ddf79c-ac91-43ea-bbf6-2862090422a1\"><tr><td></td><td class=\"c x1e6 y29eb w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y29eb w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29ec w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29ec w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29ed w29 h9d\"><div class=\"t m1 x1b8 h9b y1f77 ff5b fs2e fcb sc0 ls189 ws0\">Notional value <span class=\"_ _4\"></span>of derivatives <span class=\"_ _4\"></span>at 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29ee w29 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls181 ws0\">Assets <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ee w1f h9e\"><div class=\"t m1 x189 h9b y1f49 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ee w20 h9e\"><div class=\"t m1 x16f h9b y1f49 ff59 fs2e fcb sc0 ls18d ws0\">264<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29ef w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Liabilities <span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29ef w1f h9d\"><div class=\"t m1 x189 h9b y1f2b ff5b fs2e fcb sc0 ls186 ws0\">(82)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29ef w20 h9d\"><div class=\"t m1 x75 h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(152)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f0 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls182 ws0\">Net <span class=\"ls18e\">assets</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f0 w1f h9d\"><div class=\"t m1 x1bb h9b y1f2b ff5b fs2e fcb sc0 ls181 ws0\">44<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f0 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">112<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f1 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f29 ff5b fs2e fcb sc0 ls179 ws0\">For the year ended 31 December<span class=\"ls0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y29f2 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Gain/(loss) <span class=\"ls17f\">befor<span class=\"_ _4\"></span>e the impact of hedging<span class=\"ls0\"> </span></span></div></td><td class=\"c x1ec y29f2 w1f h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1ed y29f2 w20 h9d\"><div class=\"t m1 x4b h9b y1f2b ff59 fs2e fcb sc0 ls187 ws0\">(5)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f3 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls187 ws0\">(Loss)/gain<span class=\"ls0\"> <span class=\"ls183\">on hedging instruments</span> </span></div></td><td class=\"c x1ec y29f3 w1f h9e\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(3)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f3 w20 h9e\"><div class=\"t m1 x3 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">11<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f4 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls18b ws0\">Gain<span class=\"ls0\"> <span class=\"ls18c\">recognised in the <span class=\"ls18e\">consolidated income statement</span></span> <span class=\"ls18e\">after the impact of hedging</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f4 w1f h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">3 </div></td><td class=\"c x1ed y29f4 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr></table>The table below reflects the <span class=\"_ _4\"></span>currency profile of our net f<span class=\"_ _4\"></span>oreign currency (non<span class=\"ls0\">-<span class=\"ls193\">USD) monetary <span class=\"_ _4\"></span>assets and liabi<span class=\"_ _4\"></span>lities aft<span class=\"_ _4\"></span>er the impact </span></span>of<span class=\"ls0\"> <span class=\"ls184\">hedging:</span> </span><table class=\"s w68 he8\" id=\"_e1b771c9-cd18-4c0c-89cd-eb645919bd4c\"><tr><td></td><td class=\"c x1e6 y27f5 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1e7 y27f5 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1e9 y29f5 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1ee y29f5 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y29f6 w29 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls179 ws0\">Sterling<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f6 w1f h9e\"><div class=\"t m1 x75 h9b y1fa4 ff5b fs2e fcb sc0 ls186 ws0\">(118)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f6 w20 h9e\"><div class=\"t m1 x16f h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(112)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f7 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls179 ws0\">Swiss Franc<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f7 w1f h9d\"><div class=\"t m1 x1bd h9b y1f3b ff5b fs2e fcb sc0 ls186 ws0\">(70)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f7 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3b ff59 fs2e fcb sc0 ls187 ws0\">(19)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29f8 w29 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls197 ws0\">Euro<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f8 w1f h9d\"><div class=\"t m1 x1bb h9b y1f61 ff5b fs2e fcb sc0 ls17e ws0\">29<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f8 w20 h9d\"><div class=\"t m1 xeb h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td></tr><tr><td class=\"c x1eb y29f9 w29 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls181 ws0\">Australian <span class=\"ls0\">D<span class=\"ls183\">ollar</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29f9 w1f h9e\"><div class=\"t m1 x1bb h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">36<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29f9 w20 h9e\"><div class=\"t m1 x129 h9b y1f63 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y29fa w29 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">Other<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fa w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff5b fs2e fcb sc0 ls17b ws0\">14<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fa w20 h9d\"><div class=\"t m1 x1bb h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y29fb w29 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1ec y29fb w1f h9d\"><div class=\"t m1 x4 h9b y1f3f ff5b fs2e fcb sc0 ls186 ws0\">(109)<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y29fb w20 h9d\"><div class=\"t m1 x75 h9b y1f3f ff59 fs2e fcb sc0 ls187 ws0\">(100)<span class=\"ls0\"> </span></div></td></tr></table>A 10% strengthenin<span class=\"_ _4\"></span>g/weakening of the USD <span class=\"_ _4\"></span>against all other<span class=\"_ _4\"></span> currencies, wit<span class=\"_ _4\"></span>h all other vari<span class=\"_ _4\"></span>ables held constant<span class=\"_ _4\"></span>, would have res<span class=\"ls184\">ulted <span class=\"_ _4\"></span>in a </span>foreign exchange loss/gain of <span class=\"ls197\">$11 <span class=\"ls19b\">million (202<span class=\"ls0\">4<span class=\"ls190\">: $</span>10 </span>milli<span class=\"_ _4\"></span>on), wit<span class=\"_ _4\"></span>h a corr<span class=\"_ _4\"></span>esponding <span class=\"_ _4\"></span>impact on <span class=\"_ _4\"></span>equity. <span class=\"_ _4\"></span>This pre<span class=\"ls0\">-<span class=\"ls186\">tax expos<span class=\"ls184\">ure is based <span class=\"_ _4\"></span>on non<span class=\"ls0\">-<span class=\"_ _1bd\"> </span></span></span></span></span></span></span>USD balances hel<span class=\"_ _4\"></span>d by USD functiona<span class=\"_ _4\"></span>l currency enti<span class=\"_ _4\"></span>ties at 31 De<span class=\"_ _4\"></span>cember.<span class=\"ls0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs1e9\">25<span class=\"ls1b7\">.2 Credit r<span class=\"_ _0\"></span>isk</span> </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18a ws0 gs1ea\">Credit risk i<span class=\"_ _4\"></span>s the risk of <span class=\"_ _4\"></span>financial loss <span class=\"_ _4\"></span>as a result of<span class=\"ls0\"> <span class=\"ls18e\">a counterparty <span class=\"_ _4\"></span>failing to meet its contractual obl<span class=\"_ _4\"></span>igations. This risk is mit<span class=\"_ _4\"></span>igated by the </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs1eb\">diversification of ex<span class=\"_ _4\"></span>posures across a number of the strongest <span class=\"_ _4\"></span>available financial counterpar<span class=\"_ _4\"></span>ties, each of which is approved <span class=\"_ _4\"></span>a<span class=\"ls197\">nd regularly </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs1ec\">reviewed and challenged<span class=\"_ _0\"></span> for<span class=\"ls0\"> <span class=\"ls18e\">creditworthiness by <span class=\"ls17a\">Man Group\u2019<span class=\"_ _4\"></span>s<span class=\"ls0\"> <span class=\"ls18e\">counterparty committee. Our risk teams monitor <span class=\"_ _4\"></span>credit metrics, including </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1ed\">credit default swap spreads and credi<span class=\"_ _4\"></span>t ratings, on a daily basis.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs1ee\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the <span class=\"ls197\">$173 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion ava<span class=\"_ _4\"></span>ilable c<span class=\"_ _4\"></span>ash and c<span class=\"_ _4\"></span>ash equiv<span class=\"_ _4\"></span>alents ba<span class=\"_ _4\"></span>lance wa<span class=\"ls199\">s held with <span class=\"ls17c\">18 <span class=\"ls17f\">banks (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">225</span></span> <span class=\"ls19b\">million wit<span class=\"_ _4\"></span>h </span></span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls0 ws0 gs1ef\">19 <span class=\"ls17f\">banks). </span> </div><div class=\"gs1f0\"><table class=\"s w112 he0\" id=\"_2b7a52ba-8c69-4f95-b4c5-86c2b0a98cc6\"><tr><td></td><td class=\"c x1f0 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fc w29 h9c\"><div class=\"t m1 x0 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Credit ratings of banks  </div></td><td class=\"c x1f3 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fd w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">AAA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fd w20 h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fe w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls181 ws0\">AA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fe w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff5b fs2e fcb sc0 ls188 ws0\">74<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fe w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls17c ws0\">130<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ff w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">A </div></td><td class=\"c x1f6 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a00 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">BB<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a00 w20 h9d\"><div class=\"t m1 x177 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y2a00 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y2a01 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">225<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1f1\">The single largest counterpart<span class=\"_ _4\"></span>y bank exposure of <span class=\"ls197\">$46 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion is <span class=\"_ _4\"></span>held with<span class=\"_ _4\"></span> an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank (202</span>4<span class=\"ls190\">: $</span>5<span class=\"_ _0\"></span>6 </span>million h<span class=\"_ _4\"></span>eld with <span class=\"_ _4\"></span>an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank).</span> </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs1f2\">As in 202<span class=\"ls0\">4<span class=\"ls190\">, all derivatives are held<span class=\"_ _0\"></span> with counterp<span class=\"_ _0\"></span>arties with ratin<span class=\"_ _0\"></span>gs of A or high<span class=\"_ _0\"></span>er and mature<span class=\"_ _0\"></span> within one ye<span class=\"_ _0\"></span>ar. </span></span>Accordingly, under <span class=\"_ _4\"></span>the </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs1f3\">expected credit loss model of I<span class=\"_ _4\"></span>FRS 9 \u2018Financial Instruments\u2019, <span class=\"ls197\">no<span class=\"ls0\"> <span class=\"ls185\">impairment of t<span class=\"ls184\">he collateral held with deri<span class=\"_ _4\"></span>vative counterparties has been </span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs1f4\">recognised at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: n<span class=\"_ _0\"></span>il).</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1f5\">The majority of fees are deducted <span class=\"_ _4\"></span>from the NAVs of the respective funds <span class=\"_ _4\"></span>by the independent administrators and ther<span class=\"_ _4\"></span>efore <span class=\"ls17f\">both <span class=\"ls186\">the credit </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs1f6\">risk of fee receivables<span class=\"ls0\"> <span class=\"ls18e\">and the quantum of overdue balances are</span> <span class=\"ls19b\">minimal. <span class=\"_ _4\"></span><span class=\"ls18b\">Our exposure to <span class=\"ls186\">finance lease <span class=\"ls18c\">receivables is not considered a </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls199 ws0 gs1f7\">significant credit risk due to the credit quality of t<span class=\"_ _4\"></span>he lessees.<span class=\"ls0\"> <span class=\"ls181\">Accordingly<span class=\"ls190\">, <span class=\"ls197\">no</span></span></span> <span class=\"ls185\">impairment has</span> <span class=\"ls17f\">been recognised</span> <span class=\"ls185\">in respe<span class=\"_ _0\"></span>ct of these <span class=\"ls18c\">rece<span class=\"_ _0\"></span>ivables</span></span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1f8\">at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: nil).</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1f9\">The assets held by our consoli<span class=\"_ _4\"></span>dated CLOs comprise loans and bonds<span class=\"ls190\">, cash and receivables<span class=\"_ _0\"></span>. Our maximu<span class=\"_ _0\"></span>m exposure<span class=\"_ _0\"></span> to the credit risk<span class=\"_ _0\"></span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs1fa\">associated with <span class=\"ls186\">these assets<span class=\"ls0\"> <span class=\"ls185\">is limited to the<span class=\"_ _0\"></span> net investme<span class=\"_ _0\"></span>nt in these CL<span class=\"_ _0\"></span>Os, which</span> <span class=\"_ _0\"></span></span></span>at 31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">was <span class=\"ls197\">$79 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion (202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17e\">89</span> </span>mill<span class=\"_ _4\"></span>ion).<span class=\"ls0\"> </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs1fb\">The <span class=\"ls18e\">creditworthiness of the asset <span class=\"_ _4\"></span>portfolios is reflected in <span class=\"_ _4\"></span>the <span class=\"ls186\">fair<span class=\"ls0\"> </span></span>value<span class=\"ls0\"> o<span class=\"ls186\">f our consolidated<span class=\"_ _0\"></span> CLO</span> </span>assets<span class=\"ls0\">.<span class=\"_ _1bd\"> </span></span></span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "25<span class=\"ls1b7\">.2 Credit r<span class=\"_ _0\"></span>isk</span> Credit risk i<span class=\"_ _4\"></span>s the risk of <span class=\"_ _4\"></span>financial loss <span class=\"_ _4\"></span>as a result of<span class=\"ls0\"> <span class=\"ls18e\">a counterparty <span class=\"_ _4\"></span>failing to meet its contractual obl<span class=\"_ _4\"></span>igations. This risk is mit<span class=\"_ _4\"></span>igated by the </span></span>diversification of ex<span class=\"_ _4\"></span>posures across a number of the strongest <span class=\"_ _4\"></span>available financial counterpar<span class=\"_ _4\"></span>ties, each of which is approved <span class=\"_ _4\"></span>a<span class=\"ls197\">nd regularly </span>reviewed and challenged<span class=\"_ _0\"></span> for<span class=\"ls0\"> <span class=\"ls18e\">creditworthiness by <span class=\"ls17a\">Man Group\u2019<span class=\"_ _4\"></span>s<span class=\"ls0\"> <span class=\"ls18e\">counterparty committee. Our risk teams monitor <span class=\"_ _4\"></span>credit metrics, including </span></span></span></span></span>credit default swap spreads and credi<span class=\"_ _4\"></span>t ratings, on a daily basis.<span class=\"ls0\"> </span>At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, the <span class=\"ls197\">$173 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion ava<span class=\"_ _4\"></span>ilable c<span class=\"_ _4\"></span>ash and c<span class=\"_ _4\"></span>ash equiv<span class=\"_ _4\"></span>alents ba<span class=\"_ _4\"></span>lance wa<span class=\"ls199\">s held with <span class=\"ls17c\">18 <span class=\"ls17f\">banks (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">225</span></span> <span class=\"ls19b\">million wit<span class=\"_ _4\"></span>h </span></span></span></span></span></span></span></span></span>19 <span class=\"ls17f\">banks). </span> <table class=\"s w112 he0\" id=\"_2b7a52ba-8c69-4f95-b4c5-86c2b0a98cc6\"><tr><td></td><td class=\"c x1f0 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fc w29 h9c\"><div class=\"t m1 x0 h42 y1f45 ff5d fsd fcb sc0 ls0 ws0\">Credit ratings of banks  </div></td><td class=\"c x1f3 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fd w29 h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls181 ws0\">AAA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fd w20 h9d\"><div class=\"t m1 x1c7 h9b y1f3f ff5b fs2e fcb sc0 ls17d ws0\">38<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fd w20 h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">39<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29fe w29 h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls181 ws0\">AA<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y29fe w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff5b fs2e fcb sc0 ls188 ws0\">74<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29fe w20 h9e\"><div class=\"t m1 x1bd h9b y1f71 ff59 fs2e fcb sc0 ls17c ws0\">130<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y29ff w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls0 ws0\">A </div></td><td class=\"c x1f6 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">55<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y29ff w20 h9d\"><div class=\"t m1 x1bb h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">50<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a00 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls181 ws0\">BB<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a00 w20 h9d\"><div class=\"t m1 x177 h9b y1f45 ff5b fs2e fcb sc0 ls0 ws0\">6 </div></td><td class=\"c x1f7 y2a00 w20 h9d\"><div class=\"t m1 xeb h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\">6 </div></td></tr><tr><td class=\"c x1f5 y2a01 w29 h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls183 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a01 w20 h9d\"><div class=\"t m1 x189 h9b y1f45 ff59 fs2e fcb sc0 ls18d ws0\">225<span class=\"ls0\"> </span></div></td></tr></table>The single largest counterpart<span class=\"_ _4\"></span>y bank exposure of <span class=\"ls197\">$46 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion is <span class=\"_ _4\"></span>held with<span class=\"_ _4\"></span> an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank (202</span>4<span class=\"ls190\">: $</span>5<span class=\"_ _0\"></span>6 </span>million h<span class=\"_ _4\"></span>eld with <span class=\"_ _4\"></span>an A<span class=\"ls0\">A- <span class=\"ls18c\">rated bank).</span> </span></span></span>As in 202<span class=\"ls0\">4<span class=\"ls190\">, all derivatives are held<span class=\"_ _0\"></span> with counterp<span class=\"_ _0\"></span>arties with ratin<span class=\"_ _0\"></span>gs of A or high<span class=\"_ _0\"></span>er and mature<span class=\"_ _0\"></span> within one ye<span class=\"_ _0\"></span>ar. </span></span>Accordingly, under <span class=\"_ _4\"></span>the expected credit loss model of I<span class=\"_ _4\"></span>FRS 9 \u2018Financial Instruments\u2019, <span class=\"ls197\">no<span class=\"ls0\"> <span class=\"ls185\">impairment of t<span class=\"ls184\">he collateral held with deri<span class=\"_ _4\"></span>vative counterparties has been </span></span></span></span>recognised at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: n<span class=\"_ _0\"></span>il).</span> </span>The majority of fees are deducted <span class=\"_ _4\"></span>from the NAVs of the respective funds <span class=\"_ _4\"></span>by the independent administrators and ther<span class=\"_ _4\"></span>efore <span class=\"ls17f\">both <span class=\"ls186\">the credit </span></span>risk of fee receivables<span class=\"ls0\"> <span class=\"ls18e\">and the quantum of overdue balances are</span> <span class=\"ls19b\">minimal. <span class=\"_ _4\"></span><span class=\"ls18b\">Our exposure to <span class=\"ls186\">finance lease <span class=\"ls18c\">receivables is not considered a </span></span></span></span></span>significant credit risk due to the credit quality of t<span class=\"_ _4\"></span>he lessees.<span class=\"ls0\"> <span class=\"ls181\">Accordingly<span class=\"ls190\">, <span class=\"ls197\">no</span></span></span> <span class=\"ls185\">impairment has</span> <span class=\"ls17f\">been recognised</span> <span class=\"ls185\">in respe<span class=\"_ _0\"></span>ct of these <span class=\"ls18c\">rece<span class=\"_ _0\"></span>ivables</span></span> </span>at 31<span class=\"ls0\"> <span class=\"ls180\">December 202</span>5 <span class=\"ls187\">(202</span>4<span class=\"ls190\">: nil).</span> </span>The assets held by our consoli<span class=\"_ _4\"></span>dated CLOs comprise loans and bonds<span class=\"ls190\">, cash and receivables<span class=\"_ _0\"></span>. Our maximu<span class=\"_ _0\"></span>m exposure<span class=\"_ _0\"></span> to the credit risk<span class=\"_ _0\"></span> </span>associated with <span class=\"ls186\">these assets<span class=\"ls0\"> <span class=\"ls185\">is limited to the<span class=\"_ _0\"></span> net investme<span class=\"_ _0\"></span>nt in these CL<span class=\"_ _0\"></span>Os, which</span> <span class=\"_ _0\"></span></span></span>at 31 December 202<span class=\"ls0\">5 <span class=\"ls17a\">was <span class=\"ls197\">$79 <span class=\"ls19b\">mill<span class=\"_ _4\"></span>ion (202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17e\">89</span> </span>mill<span class=\"_ _4\"></span>ion).<span class=\"ls0\"> </span></span></span></span></span>The <span class=\"ls18e\">creditworthiness of the asset <span class=\"_ _4\"></span>portfolios is reflected in <span class=\"_ _4\"></span>the <span class=\"ls186\">fair<span class=\"ls0\"> </span></span>value<span class=\"ls0\"> o<span class=\"ls186\">f our consolidated<span class=\"_ _0\"></span> CLO</span> </span>assets<span class=\"ls0\">.<span class=\"_ _1bd\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "<div class=\"t m1 h9b ff5b fs2e fcb sc0 ls0 ws0 gs1fd\">25<span class=\"ls1b7\">.3 Liquidit<span class=\"_ _0\"></span>y risk</span> </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs1fe\">Liquidity resources support ongoi<span class=\"_ _4\"></span>ng operations and potential liquidi<span class=\"_ _4\"></span>ty<span class=\"ls0\"> <span class=\"ls18c\">requirements un<span class=\"_ _0\"></span>der scenarios that assume stre<span class=\"_ _0\"></span>ssed market and </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls188 ws0 gs1ff\">economic conditions. Our funding requir<span class=\"_ _4\"></span>ements relating to the investment management process are <span class=\"_ _4\"></span>discretionary. Our liquidity <span class=\"ls184\">pr<span class=\"_ _4\"></span>ofile is </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls19b ws0 gs200\">monitored<span class=\"_ _4\"></span> on a dai<span class=\"_ _4\"></span>ly basi<span class=\"_ _4\"></span>s and the <span class=\"_ _4\"></span>stressed <span class=\"_ _4\"></span>scenarios<span class=\"_ _4\"></span> are <span class=\"ls184\">updated regul<span class=\"_ _4\"></span>arly. The Board reviews our <span class=\"_ _4\"></span>funding resources at each Board meeti<span class=\"_ _4\"></span>ng </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs201\">and on an annual basis, as<span class=\"ls0\"> <span class=\"ls184\">part of t<span class=\"_ _4\"></span>he strategic planning process.<span class=\"_ _4\"></span> Our available liqui<span class=\"_ _4\"></span>dity is considered suffi<span class=\"_ _4\"></span>cient to cover current </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18c ws0 gs202\">requirements and poten<span class=\"_ _0\"></span>tial requirements un<span class=\"ls17f\">der stressed scenarios. <span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs203\">At 31 December 202<span class=\"ls0\">5<span class=\"ls190\">, we had total liquidity of <span class=\"ls197\">$973 <span class=\"ls19b\">million (202<span class=\"_ _4\"></span><span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17c\">1,025</span></span> <span class=\"ls19b\">million) comp<span class=\"_ _4\"></span>rising <span class=\"ls197\">$1<span class=\"_ _4\"></span>73 <span class=\"ls19b\">million<span class=\"_ _4\"></span> (202<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls18d\">225</span></span> </span>millio<span class=\"_ _4\"></span>n) of ava<span class=\"_ _4\"></span>ilable </span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs204\">cash and cash equivalents and <span class=\"ls197\">$800 <span class=\"ls19b\">mil<span class=\"_ _4\"></span>lion (2<span class=\"_ _4\"></span>02<span class=\"ls0\">4<span class=\"ls190\">: $<span class=\"ls17e\">800 million) of undrawn committ<span class=\"_ _4\"></span>ed revol<span class=\"ls18e\">ving credit facili<span class=\"_ _4\"></span>ty<span class=\"ls0\"> <span class=\"ls187\">(RCF)<span class=\"ls190\">. </span></span> </span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs205\">Available cash an<span class=\"_ _4\"></span>d cash equivalents <span class=\"_ _4\"></span>are invested in acc<span class=\"_ _4\"></span>ordance with strict<span class=\"_ _4\"></span> limits consist<span class=\"_ _4\"></span>ent with the Board\u2019<span class=\"_ _4\"></span>s risk appetite<span class=\"_ _4\"></span>, <span class=\"ls17a\">which consi<span class=\"_ _4\"></span>der </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs206\">both the security and avail<span class=\"_ _4\"></span>ability of liquidi<span class=\"_ _4\"></span>ty. Accordingly, cash is hel<span class=\"_ _4\"></span>d in on<span class=\"ls0\">-</span>demand<span class=\"ls0\"> <span class=\"ls18e\">and short</span>-<span class=\"ls186\">term bank deposits and mo<span class=\"_ _0\"></span>ney market funds, </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs207\">and at times invested in short<span class=\"ls0\">-<span class=\"ls186\">term US Treasury bills (which meet the definition of cash eq<span class=\"_ _0\"></span>uivalents). </span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs208\">Our $800 milli<span class=\"_ _4\"></span>on committed RCF is <span class=\"_ _4\"></span>immediately accessibl<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls18e\">and</span> <span class=\"ls17f\">does not include financial covenants t<span class=\"_ _4\"></span>o maintain maximum flexibility<span class=\"ls190\">. </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs209\">The<span class=\"ls0\"> <span class=\"ls18f\">RCF is currently <span class=\"_ _4\"></span>scheduled to mature i<span class=\"_ _4\"></span>n December 20<span class=\"ls17f\">30<span class=\"ls0\">. <span class=\"ls18b\">Our other borrowi<span class=\"_ _4\"></span>ngs have maturity dat<span class=\"_ _4\"></span>es between November 2026 a<span class=\"_ _4\"></span>nd </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17e ws0 gs20a\">June<span class=\"ls0\"> <span class=\"ls18d\">2029.</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs20b\">Our maximum exposure t<span class=\"_ _4\"></span>o loss associate<span class=\"_ _4\"></span>d with int<span class=\"ls188\">erests in<span class=\"ls0\"> <span class=\"ls183\">our consol<span class=\"_ _4\"></span>idated CLOs<span class=\"ls0\"> <span class=\"ls185\">is limited to the n<span class=\"_ _0\"></span>et investme<span class=\"_ _0\"></span>nt in these CLO<span class=\"_ _0\"></span>s</span> <span class=\"ls187\">(Note </span>5<span class=\"ls190\">.2)<span class=\"_ _0\"></span>. </span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs20c\">Therefore, the CLO liabili<span class=\"_ _4\"></span>ties on the consolidated balance sheet<span class=\"_ _4\"></span> of <span class=\"ls0\">$<span class=\"ls17c\">1,402</span> <span class=\"ls19b\">million (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: <span class=\"ls197\">$1,<span class=\"ls17f\">366</span></span></span> </span>millio<span class=\"_ _4\"></span>n<span class=\"ls187\">) do not present a liquidity risk to </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs20d\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group as we have n<span class=\"_ _4\"></span>o<span class=\"ls0\"> <span class=\"ls183\">obligation to repay the noteholders <span class=\"_ _4\"></span>at<span class=\"ls0\"> <span class=\"ls19b\">maturity <span class=\"_ _4\"></span>should the<span class=\"_ _4\"></span> CLO asset<span class=\"_ _4\"></span>s be ins<span class=\"_ _4\"></span>ufficient<span class=\"_ _4\"></span> to meet <span class=\"_ _4\"></span>the obli<span class=\"_ _4\"></span>gations<span class=\"ls0\">. <span class=\"ls18b\">Other<span class=\"_ _4\"></span> </span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17f ws0 gs20e\">borrowings of $13 milli<span class=\"_ _4\"></span>on do not present a liquidi<span class=\"_ _4\"></span>ty risk to Man Group as the amounts <span class=\"_ _4\"></span>repayable are directly link<span class=\"_ _4\"></span>ed to the va<span class=\"ls1bb\">lue of the CLO<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls197 ws0 gs20f\">note holdings they have f<span class=\"_ _4\"></span>unded.<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls17a ws0 gs210\">Maturity a<span class=\"_ _4\"></span>nalysis<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs211\">Trade and other payables<span class=\"ls0\"> <span class=\"ls18e\">can be analysed accordi<span class=\"_ _4\"></span>ng to their contractual maturity dates <span class=\"ls183\">on <span class=\"_ _4\"></span>an undiscounted cash flow basis <span class=\"ls18e\">as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></span></span></span></span></div><div class=\"gs212\"><table class=\"s w113 h111\" id=\"_7e672957-c5d5-4560-a49b-570cebdab114\"><tr><td></td><td class=\"c x1f0 y2a02 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y2a02 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x1f3 y2a03 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y2a03 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a04 w29 h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls19f ws0\">Within one<span class=\"_ _4\"></span> year<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a04 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">666<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a04 w20 h9d\"><div class=\"t m1 x16f h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">600<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a05 w29 h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls181 ws0\">Between one and thre<span class=\"_ _4\"></span>e <span class=\"ls18e\">years</span><span class=\"ls18e\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y2a05 w20 h9d\"><div class=\"t m1 x189 h9b y1f47 ff5b fs2e fcb sc0 ls0 ws0\">1<span class=\"ls188\">78</span> </div></td><td class=\"c x1f7 y2a05 w20 h9d\"><div class=\"t m1 x4b h9b y1f47 ff59 fs2e fcb sc0 ls197 ws0\">41<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a06 w29 h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">After three year<span class=\"_ _4\"></span>s<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a06 w20 h9e\"><div class=\"t m1 x24 h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a06 w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x1f6 y2a07 w20 h9e\"><div class=\"t m1 x75 h9b y1f76 ff5b fs2e fcb sc0 ls0 ws0\">8<span class=\"ls17d\">63</span> </div></td><td class=\"c x1f7 y2a07 w20 h9e\"><div class=\"t m1 x1bd h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">661<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls181 ws0 gs213\">A maturity analys<span class=\"_ _4\"></span>is of our undisco<span class=\"_ _4\"></span>unted lease liabil<span class=\"_ _4\"></span>ities is set <span class=\"_ _4\"></span>out in Note 8.<span class=\"ls0\">2.</span><span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "25<span class=\"ls1b7\">.4 Capita<span class=\"_ _0\"></span>l manageme<span class=\"_ _0\"></span>nt</span> Man Group <span class=\"ls184\">has <span class=\"_ _4\"></span>a clear, disciplined <span class=\"_ _4\"></span>capital management framework, <span class=\"ls18e\">actively manag<span class=\"ls185\">ing<span class=\"ls0\"> </span>its capital to maximise<span class=\"_ _0\"></span> value to shareh<span class=\"_ _0\"></span>olders by eith<span class=\"_ _0\"></span>er </span></span></span>investing that c<span class=\"_ _0\"></span>apital to impro<span class=\"_ _0\"></span>ve shareholde<span class=\"_ _0\"></span>r returns in the<span class=\"_ _0\"></span> future or by retu<span class=\"_ _0\"></span>rning it throug<span class=\"_ _0\"></span>h higher divid<span class=\"_ _0\"></span>ends or share<span class=\"_ _0\"></span> repu<span class=\"ls18c\">rc<span class=\"ls184\">hases. <span class=\"ls19f\">We </span></span></span>periodically review <span class=\"_ _4\"></span>our accumulated capital reserves<span class=\"_ _4\"></span> to determine whether they exceed the amounts <span class=\"_ _4\"></span><span class=\"ls18c\">required<span class=\"ls0\"> <span class=\"ls186\">to ensure financial stability </span></span></span>and to provide an appropriate level <span class=\"_ _4\"></span>of security to our stakeholders.<span class=\"_ _4\"></span> <span class=\"ls0\"> </span>The<span class=\"ls0\"> <span class=\"ls199\">key decision</span>-<span class=\"ls19b\">making are<span class=\"_ _4\"></span>as <span class=\"ls18c\">relating to<span class=\"ls0\"> <span class=\"ls186\">the deployment and ma<span class=\"_ _0\"></span>intenance of capital<span class=\"ls190\">, includ<span class=\"_ _0\"></span>ing material a<span class=\"_ _0\"></span>cquisitions an<span class=\"_ _0\"></span>d disposals, sh<span class=\"_ _0\"></span>are </span></span></span></span></span></span>repurchases, capital structure an<span class=\"_ _0\"></span>d dividend policy, are matters rese<span class=\"_ _0\"></span>rved for the Board.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Equity<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments</span> </span>Man Group ope<span class=\"_ _4\"></span>rates equity<span class=\"_ _4\"></span><span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment schemes which are remuneration payments to sel<span class=\"_ _4\"></span>ected employees that take </span></span>the form of an award of shares in th<span class=\"_ _0\"></span>e Company. These typica<span class=\"_ _0\"></span>lly vest over t<span class=\"ls184\">hree to five years, although <span class=\"_ _4\"></span>conditions vary between different<span class=\"_ _4\"></span> </span>types of award. The fair value of the e<span class=\"_ _0\"></span>mployee services received<span class=\"_ _0\"></span> in exchange for the share awa<span class=\"_ _0\"></span>rds/options granted is recognis<span class=\"ls188\">ed as an </span>expense, with the corresponding credit<span class=\"_ _4\"></span> recognised in equity<span class=\"ls190\">, and is determined by<span class=\"_ _0\"></span> reference to th<span class=\"_ _0\"></span>e fair value of the<span class=\"_ _0\"></span> share </span>awards/options at grant date. <span class=\"ls0\"> </span>We calcula<span class=\"_ _4\"></span>te the fai<span class=\"_ _4\"></span>r value of<span class=\"_ _4\"></span> share opti<span class=\"_ _4\"></span>ons using t<span class=\"_ _4\"></span>he Black<span class=\"ls0\">-<span class=\"ls179\">Scholes val<span class=\"_ _4\"></span>uation model, which takes i<span class=\"_ _4\"></span>nto account the effect of<span class=\"_ _4\"></span> both </span></span>financial and demographic a<span class=\"_ _0\"></span>ssum<span class=\"ls184\">ptions. Forfeiture and early <span class=\"_ _4\"></span>vesting assumptions are based on hi<span class=\"_ _4\"></span>storical observable data.<span class=\"_ _4\"></span> Changes </span>to<span class=\"ls0\"> </span>the original estimates, if any, are includ<span class=\"_ _0\"></span>ed in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">, with a correspon<span class=\"_ _0\"></span>ding adjustm<span class=\"_ _0\"></span>ent to equity.</span></span> </span>Cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based paym<span class=\"ls188\">ents</span></span> </span>Put options on the <span class=\"_ _4\"></span>interests in subsi<span class=\"_ _4\"></span>diaries held by employ<span class=\"_ _4\"></span>ees<span class=\"ls190\">, and their pro<span class=\"_ _0\"></span>portionate sha<span class=\"_ _0\"></span>re of the profits o<span class=\"_ _0\"></span>f those subsid<span class=\"_ _0\"></span>iaries,<span class=\"ls0\"> <span class=\"ls17a\">which </span></span></span>can be forfeited should they become \u2018bad <span class=\"_ _4\"></span>leavers\u2019 are accounted for as cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments. Cash</span>-<span class=\"ls199\">se<span class=\"ls186\">ttled share</span></span>-<span class=\"ls17f\">based </span></span>payments are measured at fair <span class=\"_ _4\"></span>value on grant date<span class=\"ls0\"> <span class=\"ls18e\">and recognised as an <span class=\"_ _4\"></span>employment<span class=\"ls0\">-<span class=\"ls18c\">related expen<span class=\"_ _0\"></span>se in the </span>c<span class=\"ls183\">onsolidated income </span></span></span></span>statement<span class=\"ls0\"> <span class=\"ls183\">over the relevant service period. <span class=\"_ _4\"></span>They are remeasured to fair value<span class=\"ls0\"> <span class=\"ls18e\">at <span class=\"_ _4\"></span>each reporting date, with the change in fai<span class=\"_ _4\"></span>r value </span></span></span></span>recognised as <span class=\"ls183\">other <span class=\"ls188\">employment<span class=\"ls0\">-</span></span></span>related expen<span class=\"_ _0\"></span>ses in the <span class=\"ls0\">c<span class=\"ls183\">onsolidated income statement<span class=\"ls190\">. The credit <span class=\"ls188\">entry</span></span></span> <span class=\"ls185\">is reco<span class=\"_ _0\"></span>gnised as a liab<span class=\"_ _0\"></span>ility </span></span>in<span class=\"ls0\"> <span class=\"ls186\">the </span>c<span class=\"ls183\">onsolidated balance sheet</span>.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcd sc0 ls179 ws0 gs217\">Share awards<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs218\">The fair values of <span class=\"ls188\">equity<span class=\"ls0\">-<span class=\"ls199\">settled share awards <span class=\"ls184\">gr<span class=\"_ _4\"></span>anted in the year and the assumpti<span class=\"_ _4\"></span>ons used in the calculati<span class=\"_ _4\"></span>ons are as follows:<span class=\"ls0\"> </span></span></span></span></span></div><div class=\"gs149\"><table class=\"s w114 h112\" id=\"_d189246b-6c23-4a57-9499-24e62b83680f\"><tr><td></td><td></td><td class=\"c x2a9 y2a08 w50 hae\"><div class=\"t m1 xeb h42 y1f4d ff5d fsd fcb sc0 ls0 ws0\">Deferred share plan </div></td><td></td><td class=\"c x2aa y2a08 w50 hae\"><div class=\"t m1 x1c4 h42 y1f4d ff5d fsd fcb sc0 ls0 ws0\">Executive directors' long-term incentive plan </div></td></tr><tr><td></td><td class=\"c x2ab y2a09 w115 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17b ws0\">12/03/2025 <span class=\"ls0\">\u2013<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2ac y2a09 w116 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17e ws0\">08/03/2024 <span class=\"ls0\">\u2013<span class=\"_ _1bd\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a0a w4f ha2\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Grant dates<span class=\"ls0\"> </span></div></td><td class=\"c x2ad y2a0b w117 hdd\"><div class=\"t m1 x1e5 h9b y276f ff5b fs2e fcb sc0 ls17b ws0\">13/05/2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ae y2a0b w118 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17c ws0\">10/12/2024<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2aa y2a0a w51 ha2\"><div class=\"t m1 xef h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">12/03/2025<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a0a w51 ha2\"><div class=\"t m1 x1ba h9b y1f33 ff59 fs2e fcb sc0 ls17e ws0\">08/03/2024<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a0c w4f h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls179 ws0\">Share awards <span class=\"ls184\">granted in t<span class=\"_ _4\"></span>he year</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2a9 y2a0c w51 h9d\"><div class=\"t m1 x1b9 h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">15,502,845<span class=\"ls0\"> </span></div></td><td class=\"c x2b0 y2a0c w51 h9d\"><div class=\"t m1 x16f h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">12,128,097<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a0c w51 h9d\"><div class=\"t m1 x2b h9b y1f37 ff5b fs2e fcb sc0 ls17b ws0\">1,991,172<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a0c w51 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">1,674,203<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a0d w4f h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls19f ws0\">Weighted av<span class=\"_ _4\"></span>erage fair<span class=\"_ _4\"></span> value per<span class=\"_ _4\"></span> share award<span class=\"_ _4\"></span> granted ($<span class=\"_ _4\"></span>)<span class=\"ls0\"> </span></div></td><td class=\"c x2a9 y2a0d w51 h9e\"><div class=\"t m1 x84 h9b y1f39 ff5b fs2e fcb sc0 ls17e ws0\">2.7<span class=\"ls0\"> </span></div></td><td class=\"c x2b0 y2a0d w51 h9e\"><div class=\"t m1 x84 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a0d w51 h9e\"><div class=\"t m1 xa h9b y1f39 ff5b fs2e fcb sc0 ls17e ws0\">2.7<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a0d w51 h9e\"><div class=\"t m1 x84 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">3.2<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs219\">Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls188\">equity</span>-<span class=\"ls199\">settled</span> <span class=\"ls199\">share awards outstanding are as follows:</span> </span></div><div class=\"gs21a\"><table class=\"s w119 h113\" id=\"_b65bf423-ef75-4ca8-a7c5-29b789fa6851\"><tr><td></td><td class=\"c x2aa y2a0e w51 hae\"><div class=\"t m1 xdd h42 y209b ff5d fsd fcb sc0 ls0 ws0\">2025  </div></td><td class=\"c x2af y2a0e w51 hae\"><div class=\"t m1 x137 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y2a0f w52 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls179 ws0\">Share awards outstanding at<span class=\"_ _4\"></span> beginning of the year<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a0f w51 h9d\"><div class=\"t m1 x1c3 h9b y1f61 ff5b fs2e fcb sc0 ls181 ws0\">41,729,994<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a0f w51 h9d\"><div class=\"t m1 x75 h9b y1f61 ff59 fs2e fcb sc0 ls197 ws0\">42,317,900<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a10 w52 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls18b ws0\">Granted<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a10 w51 h9e\"><div class=\"t m1 x4 h9b y1f63 ff5b fs2e fcb sc0 ls17b ws0\">17,494,017<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a10 w51 h9e\"><div class=\"t m1 x4 h9b y1f63 ff59 fs2e fcb sc0 ls17c ws0\">13,802,300<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a11 w52 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18d ws0\">Forfeited<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a11 w51 h9d\"><div class=\"t m1 x1c3 h9b y1f41 ff5b fs2e fcb sc0 ls186 ws0\">(1,693,830)<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a11 w51 h9d\"><div class=\"t m1 x4 h9b y1f41 ff59 fs2e fcb sc0 ls187 ws0\">(2,899,848)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a12 w52 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls197 ws0\">Exercised<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a12 w51 h9e\"><div class=\"t m1 x1ba h9b y1f71 ff5b fs2e fcb sc0 ls186 ws0\">(12,646,775)<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a12 w51 h9e\"><div class=\"t m1 xdc h9b y1f71 ff59 fs2e fcb sc0 ls187 ws0\">(11,490,358)<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a13 w52 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls179 ws0\">Share awards <span class=\"ls183\">outstanding at end <span class=\"_ _4\"></span>of the year</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2aa y2a13 w51 h9e\"><div class=\"t m1 x1ba h9b y1f71 ff5b fs2e fcb sc0 ls181 ws0\">44,883,406<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a13 w51 h9e\"><div class=\"t m1 x75 h9b y1f71 ff59 fs2e fcb sc0 ls197 ws0\">41,729,994<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a14 w52 h9d\"><div class=\"t m1 x1b8 h9b y209b ff59 fs2e fcb sc0 ls179 ws0\">Share awards exercisabl<span class=\"_ _4\"></span>e at end of the year<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a14 w51 h9d\"><div class=\"t m1 x24 h9b y209b ff5b fs2e fcb sc0 ls188 ws0\">722,923<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a14 w51 h9d\"><div class=\"t m1 x177 h9b y209b ff59 fs2e fcb sc0 ls17c ws0\">158,944<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls179 ws0 gs21b\">Share options<span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs21c\">The fair values of share opt<span class=\"_ _4\"></span>ions granted in the year under t<span class=\"_ _4\"></span>he Sharesave employee share option scheme, and the <span class=\"ls18e\">assumptions <span class=\"_ _4\"></span>used in the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs21d\">calculations, are as foll<span class=\"_ _4\"></span>ows:<span class=\"ls0\"> </span></div><div class=\"gs21e\"><table class=\"s w11a h114\" id=\"_8e0c130b-5ced-4179-9168-4061e291d280\"><tr><td></td><td class=\"c x2aa y2a15 w51 hae\"><div class=\"t m1 xdd h42 y2370 ff5d fsd fcb sc0 ls0 ws0\">2025  </div></td><td class=\"c x2af y2a15 w51 hae\"><div class=\"t m1 x137 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td></tr><tr><td class=\"c x1eb y2a16 w52 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls18b ws0\">Grant date<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a16 w51 h9e\"><div class=\"t m1 x1c1 h9b y1f35 ff5b fs2e fcb sc0 ls181 ws0\">02/09/2025<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a16 w51 h9e\"><div class=\"t m1 x1c2 h9b y1f35 ff59 fs2e fcb sc0 ls17e ws0\">03/09/2024<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a17 w52 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls19f ws0\">Weighted av<span class=\"_ _4\"></span>erage share<span class=\"_ _4\"></span> price at <span class=\"_ _4\"></span>grant date <span class=\"_ _4\"></span>($)<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xff haa y2048 ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x72 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x2aa y2a17 w51 h9d\"><div class=\"t m1 xa h9b y1f33 ff5b fs2e fcb sc0 ls17e ws0\">2.2<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a17 w51 h9d\"><div class=\"t m1 x84 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">2.9<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a18 w52 h9e\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls19f ws0\">Weighted av<span class=\"_ _4\"></span>erage exerc<span class=\"_ _4\"></span>ise price <span class=\"_ _4\"></span>at grant d<span class=\"_ _4\"></span>ate ($)<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1aa haa y2427 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x198 h9b y1fa4 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x2aa y2a18 w51 h9e\"><div class=\"t m1 x84 h9b y1fa4 ff5b fs2e fcb sc0 ls17b ws0\">1.8<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a18 w51 h9e\"><div class=\"t m1 x84 h9b y1fa4 ff59 fs2e fcb sc0 ls18d ws0\">2.3<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a19 w52 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls179 ws0\">Share options granted i<span class=\"_ _4\"></span>n the <span class=\"ls184\">period</span><span class=\"ls184\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x2aa y2a19 w51 h9d\"><div class=\"t m1 x75 h9b y1f3b ff5b fs2e fcb sc0 ls17e ws0\">2,558,282<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a19 w51 h9d\"><div class=\"t m1 x2b h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">1,447,200<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a1a w52 h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18f ws0\">Vesting period (<span class=\"_ _4\"></span>years)<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a1a w51 h9d\"><div class=\"t m1 x6 h9b y1f61 ff5b fs2e fcb sc0 ls0 ws0\">3-5 </div></td><td class=\"c x2af y2a1a w51 h9d\"><div class=\"t m1 x137 h9b y1f61 ff59 fs2e fcb sc0 ls0 ws0\">3\u20135 </div></td></tr><tr><td class=\"c x1eb y2a1b w52 h9e\"><div class=\"t m1 x1b8 h9b y1f63 ff59 fs2e fcb sc0 ls197 ws0\">Expected share price vol<span class=\"_ _4\"></span>atility (%)<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a1b w51 h9e\"><div class=\"t m1 x84 h9b y1f63 ff5b fs2e fcb sc0 ls17d ws0\">30<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a1b w51 h9e\"><div class=\"t m1 x5c h9b y1f63 ff59 fs2e fcb sc0 ls17f ws0\">30<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a1c w52 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls180 ws0\">Dividend yield<span class=\"_ _4\"></span> (%)<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a1c w51 h9d\"><div class=\"t m1 x28 h9b y1f41 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x2af y2a1c w51 h9d\"><div class=\"t m1 x28 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x1eb y2a1d w52 h9e\"><div class=\"t m1 x1b8 h9b y1f71 ff59 fs2e fcb sc0 ls18f ws0\">Risk<span class=\"ls0\">-<span class=\"ls186\">free rate (%)</span> </span></div></td><td class=\"c x2aa y2a1d w51 h9e\"><div class=\"t m1 xa h9b y1f71 ff5b fs2e fcb sc0 ls181 ws0\">4.0<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a1d w51 h9e\"><div class=\"t m1 x84 h9b y1f71 ff59 fs2e fcb sc0 ls17f ws0\">3.9<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a1e w52 h9d\"><div class=\"t m1 x1b8 h9b y1f73 ff59 fs2e fcb sc0 ls197 ws0\">Expected option life <span class=\"_ _4\"></span>(years)<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a1e w51 h9d\"><div class=\"t m1 xa h9b y1f73 ff5b fs2e fcb sc0 ls17d ws0\">3.6<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a1e w51 h9d\"><div class=\"t m1 x84 h9b y1f73 ff59 fs2e fcb sc0 ls17f ws0\">3.7<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a1f w52 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls182 ws0\">Number of options <span class=\"_ _4\"></span>assumed to vest<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a1f w51 h9d\"><div class=\"t m1 x189 h9b y1f47 ff5b fs2e fcb sc0 ls17b ws0\">1,951,476<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a1f w51 h9d\"><div class=\"t m1 x1bd h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">1,080,188<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a20 w52 h9e\"><div class=\"t m1 x1b8 h9b y1f76 ff59 fs2e fcb sc0 ls181 ws0\">Average fair val<span class=\"_ _4\"></span>ue per option grant<span class=\"_ _4\"></span>ed ($)<span class=\"ls0\"> </span></div></td><td class=\"c x2aa y2a20 w51 h9e\"><div class=\"t m1 xa h9b y1f76 ff5b fs2e fcb sc0 ls181 ws0\">0.5<span class=\"ls0\"> </span></div></td><td class=\"c x2af y2a20 w51 h9e\"><div class=\"t m1 x84 h9b y1f76 ff59 fs2e fcb sc0 ls17e ws0\">0.7<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs21f\">Notes: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs220\">1 <span class=\"_ _169\"> </span>Sterling share price at grant date each year of \u00a31.6 and \u00a32.2 respectively. </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs221\">2 <span class=\"_ _15d\"> </span>Sterling exercise price each year of \u00a31.3 and \u00a31.8 respectively. </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs222\">The expected share price volatil<span class=\"_ _4\"></span>ity is based on histo<span class=\"ls18c\">rical volatility over the past five years. The expected option life is the avera<span class=\"_ _0\"></span>ge expected </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs223\">period <span class=\"ls186\">to<span class=\"ls0\"> <span class=\"ls188\">exercise. The risk</span>-</span>free rate of return is the yield on zero<span class=\"ls0\">-<span class=\"ls18e\">coupon UK government bonds of a term consistent with the assumed </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs224\">option life. <span class=\"ls0\"> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls17a ws0 gs226\">Movements in <span class=\"_ _4\"></span>the number of<span class=\"_ _4\"></span> share optio<span class=\"_ _4\"></span>ns outstandi<span class=\"_ _4\"></span>ng are as f<span class=\"_ _4\"></span>ollows:<span class=\"ls0\"> </span></div><div class=\"gs120\"><table class=\"s w11b h115\" id=\"_027f7f10-a955-4d7d-b312-bf3ff5bd2a4b\"><tr><td></td><td class=\"c x288 y2a21 w3a h9e\"><div class=\"t m1 x177 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y2a21 w4b h9e\"><div class=\"t m1 x177 h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2b1 y2a22 wdb hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b2 y2a22 wdd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2b3 y2a23 wdf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b4 y2a23 we1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2b6 y2a25 w11c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">exercise price</div><div class=\"t m1 x2b5 hb4 y2a24 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b8 y2a25 w11d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">exercise price</div><div class=\"t m1 x2b7 hb4 y2a24 ff6b fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x288 y2a26 w1f hb3\"><div class=\"t m1 x1ba h42 y1f77 ff5d fsd fcb sc0 ls0 ws0\">Number </div></td><td class=\"c x2b9 y2a27 w11e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($ per share)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f6 y2a26 w20 hb3\"><div class=\"t m1 x1c2 h42 y1f77 ff5c fsd fcb sc0 ls0 ws0\">Number </div></td><td class=\"c x2ba y2a27 w11f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($ per share)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a28 w4a h9e\"><div class=\"t m1 x0 h9b y1f71 ff59 fs2e fcb sc0 ls179 ws0\">Share options <span class=\"ls183\">outstanding at<span class=\"_ _4\"></span> beginning of the year</span><span class=\"ls183\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x288 y2a28 w1f h9e\"><div class=\"t m1 x1c8 h9b y1f71 ff5b fs2e fcb sc0 ls17d ws0\">5,310,640<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a28 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f71 ff5b fs2e fcb sc0 ls17e ws0\">2.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a28 w20 h9e\"><div class=\"t m1 x1cc h9b y1f71 ff59 fs2e fcb sc0 ls17f ws0\">5,139,138<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a28 w20 h9e\"><div class=\"t m1 x1bb h9b y1f71 ff59 fs2e fcb sc0 ls18d ws0\">2.1<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a29 w4a h9d\"><div class=\"t m1 x0 h9b y1f73 ff59 fs2e fcb sc0 ls18b ws0\">Granted<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a29 w1f h9d\"><div class=\"t m1 x1bf h9b y1f73 ff5b fs2e fcb sc0 ls17e ws0\">2,588,282<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a29 w20 h9d\"><div class=\"t m1 x2b h9b y1f73 ff5b fs2e fcb sc0 ls17b ws0\">1.8<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a29 w20 h9d\"><div class=\"t m1 x1c6 h9b y1f73 ff59 fs2e fcb sc0 ls17c ws0\">1,447,200<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a29 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f73 ff59 fs2e fcb sc0 ls18d ws0\">2.2<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a2a w4a h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18d ws0\">Forfeited<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a2a w1f h9d\"><div class=\"t m1 x1c4 h9b y1f47 ff5b fs2e fcb sc0 ls186 ws0\">(1,957,386)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a2a w20 h9d\"><div class=\"t m1 x1bd h9b y1f47 ff5b fs2e fcb sc0 ls17e ws0\">2.3<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a2a w20 h9d\"><div class=\"t m1 xe9 h9b y1f47 ff59 fs2e fcb sc0 ls187 ws0\">(476,292)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a2a w20 h9d\"><div class=\"t m1 x1c7 h9b y1f47 ff59 fs2e fcb sc0 ls18d ws0\">2.2<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a2b w4a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls197 ws0\">Exercised<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1c7 haa y2434 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x4b h9b y1f76 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x288 y2a2b w1f h9e\"><div class=\"t m1 x1ce h9b y1f76 ff5b fs2e fcb sc0 ls186 ws0\">(455,711)<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a2b w20 h9e\"><div class=\"t m1 x2b h9b y1f76 ff5b fs2e fcb sc0 ls17b ws0\">1.8<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a2b w20 h9e\"><div class=\"t m1 x1ce h9b y1f76 ff59 fs2e fcb sc0 ls187 ws0\">(799,406)<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a2b w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls17c ws0\">1.8<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a2c w4a h9e\"><div class=\"t m1 x0 h9b y1f76 ff59 fs2e fcb sc0 ls179 ws0\">Share options outstanding <span class=\"_ _4\"></span>at end of the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a2c w1f h9e\"><div class=\"t m1 x1bf h9b y1f76 ff5b fs2e fcb sc0 ls17d ws0\">5,485,825<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a2c w20 h9e\"><div class=\"t m1 x1c7 h9b y1f76 ff5b fs2e fcb sc0 ls17e ws0\">2.1<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a2c w20 h9e\"><div class=\"t m1 x1c6 h9b y1f76 ff59 fs2e fcb sc0 ls17f ws0\">5,310,640<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a2c w20 h9e\"><div class=\"t m1 x1bb h9b y1f76 ff59 fs2e fcb sc0 ls18d ws0\">2.1<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a2d w4a h9d\"><div class=\"t m1 x0 h9b y1f77 ff59 fs2e fcb sc0 ls179 ws0\">Share options exercis<span class=\"_ _4\"></span>able at end of the year<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a2d w1f h9d\"><div class=\"t m1 x1ca h9b y1f77 ff5b fs2e fcb sc0 ls188 ws0\">764,887<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a2d w20 h9d\"><div class=\"t m1 x1bd h9b y1f77 ff5b fs2e fcb sc0 ls17e ws0\">2.5<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a2d w20 h9d\"><div class=\"t m1 x1c5 h9b y1f77 ff59 fs2e fcb sc0 ls18d ws0\">239,978<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a2d w20 h9d\"><div class=\"t m1 x1bb h9b y1f77 ff59 fs2e fcb sc0 ls18d ws0\">2.1<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs227\">Notes: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs228\">1 <span class=\"_ _169\"> </span>Calculated at 31 December exchange rates each year. </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs229\">2 <span class=\"_ _15d\"> </span>The sterling weighted average share price of options exercised was \u00a31.9 (2024: \u00a32.4) (USD-equivalent $2.5 and $3.1 respectively). </div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs22a\">The share options outstanding at <span class=\"_ _4\"></span>year<span class=\"ls0\">-<span class=\"ls188\">end ha</span>d <span class=\"ls188\">expected remaining lives as follows:</span> </span></div><div class=\"gs22b\"><table class=\"s w120 h116\" id=\"_b58e9360-d016-4f9d-9c17-03d92eb34427\"><tr><td></td><td class=\"c x288 y2a2e w3a hae\"><div class=\"t m1 x177 h42 y2370 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y2a2e w4b hae\"><div class=\"t m1 x177 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2b1 y2a2f wdb hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b2 y2a2f wdd hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Weighted<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2b3 y2a30 wdf hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b4 y2a30 we1 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">average<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2b1 y2a31 w121 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">expected<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2b2 y2a31 w122 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">expected<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2bb y2a32 w123 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Number of</div></td><td class=\"c x2bc y2a32 w124 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">remaining life</div></td><td class=\"c x2bd y2a32 w125 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Number of</div></td><td class=\"c x2b8 y2a32 w126 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">remaining life<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y288e w4a hc6\"><div class=\"t m1 x0 h42 y21ca ff5d fsd fcb sc0 ls0 ws0\">Range of exercise prices ($ per share) </div></td><td class=\"c x2be y2a33 w127 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">share options<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2bf y2a33 w128 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">(years)</div></td><td class=\"c x2c0 y2a33 w129 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">share options<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c1 y2a33 w12a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">(years)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y288f w4a h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls17e ws0\">0.00<span class=\"ls0\">\u2013<span class=\"ls17f\">3.00</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x288 y288f w1f h9e\"><div class=\"t m1 x1bf h9b y1f3d ff5b fs2e fcb sc0 ls17d ws0\">5,485,825<span class=\"ls0\"> </span></div></td><td class=\"c x289 y288f w20 h9e\"><div class=\"t m1 x1bd h9b y1f3d ff5b fs2e fcb sc0 ls17e ws0\">2.5<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y288f w20 h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff59 fs2e fcb sc0 ls17f ws0\">5,310,640<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y288f w20 h9e\"><div class=\"t m1 x1c7 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">2.5<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcd sc0 ls18a ws0 gs22c\">Cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payments</span> </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs22d\">The carrying value of the cash<span class=\"ls0\">-<span class=\"ls199\">settled share</span>-<span class=\"ls17f\">based payment l<span class=\"_ _4\"></span>iability at 31 December 202<span class=\"_ _4\"></span><span class=\"ls0\">5 <span class=\"ls17a\">was </span>$<span class=\"ls199\">72</span> <span class=\"ls19b\">million (<span class=\"_ _4\"></span>202<span class=\"ls0\">4<span class=\"ls190\">: </span>$<span class=\"ls17f\">56</span> </span>million<span class=\"ls187\">).<span class=\"ls0\"> <span class=\"ls180\">Detail<span class=\"_ _4\"></span>s of the<span class=\"ls0\"> </span></span></span></span></span></span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs22e\">associated expense<span class=\"ls0\"> </span>and a sensitivity analysi<span class=\"_ _4\"></span>s to <span class=\"ls186\">the <span class=\"ls199\">key assumptions <span class=\"ls184\">used in the valuation ar<span class=\"_ _4\"></span>e<span class=\"ls0\"> <span class=\"ls199\">set out in Note <span class=\"ls17f\">6.2</span></span>.</span></span></span></span><span class=\"ls186\"><span class=\"ls199\"><span class=\"ls184\"><span class=\"ls0\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Disclosure of <span class=\"_ _4\"></span>revenue by geographic <span class=\"_ _4\"></span>location is bas<span class=\"_ _4\"></span>ed on the register<span class=\"_ _4\"></span>ed domicile of t<span class=\"_ _4\"></span>he fund entity or<span class=\"_ _4\"></span> managed account paying<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"ls183\">our fees. </span> </span>Non<span class=\"ls0\">-<span class=\"ls18e\">current assets are allocated based <span class=\"_ _4\"></span>on where th<span class=\"ls188\">e assets are located and include goodwil<span class=\"_ _4\"></span>l and acquired intangible<span class=\"ls0\">s<span class=\"ls190\">, <span class=\"ls199\">software</span></span> </span></span></span></span>intangible<span class=\"ls0\"> <span class=\"ls18e\">asset<span class=\"ls199\">s, leasehold improvements and equipment, and right</span></span>-<span class=\"ls183\">of</span>-<span class=\"ls184\">use lease assets. For goodwill and other ac<span class=\"_ _4\"></span>quired intangible<span class=\"ls0\">s<span class=\"ls190\">, </span></span></span></span>we consider <span class=\"_ _4\"></span>that the l<span class=\"_ _4\"></span>ocation of <span class=\"_ _4\"></span>the intangi<span class=\"_ _4\"></span>bl<span class=\"ls188\">es is best reflect<span class=\"_ _4\"></span>ed by the location of the indivi<span class=\"_ _4\"></span>duals managing those assets.</span>",
   "dimensions": {
    "concept": "mangroupplc:DescriptionOfAccountingPolicyForGeographicalInformation",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "<div class=\"gsdd\"><table class=\"s w12b h117\" id=\"_c80a47e8-b608-4a56-a3d0-3b730590088d\"><tr><td></td><td class=\"c x288 y2a3a w3a h9e\"><div class=\"t m1 x177 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td></td><td class=\"c x1f6 y2a3a w4b h9e\"><div class=\"t m1 x177 h42 y21f0 ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2b9 y281b w12c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Non-current<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2c2 y281b w12d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Non-current<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a3b w4a hc9\"><div class=\"t m1 x0 h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">$m </div></td><td class=\"c x288 y2a3b w1f h9c\"><div class=\"t m1 x1c1 h42 y1f7c ff5d fsd fcb sc0 ls0 ws0\">Revenue  </div></td><td class=\"c x2c3 y281c w12e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">assets<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f6 y2a3b w20 h9c\"><div class=\"t m1 xef h42 y1f7c ff5c fsd fcb sc0 ls0 ws0\">Revenue  </div></td><td class=\"c x2c4 y281c w12f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">assets<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a3c w4a h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls18a ws0\">Cayman Islands<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a3c w1f h9d\"><div class=\"t m1 x16f h9b y1f2b ff5b fs2e fcb sc0 ls17d ws0\">548<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a3c w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2a3c w20 h9d\"><div class=\"t m1 x16f h9b y1f2b ff59 fs2e fcb sc0 ls17f ws0\">656<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a3c w20 h9d\"><div class=\"t m1 xeb h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2a35 w4a h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls198 ws0\">Ireland<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a35 w1f h9e\"><div class=\"t m1 x16f h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">266<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a35 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff5b fs2e fcb sc0 ls0 ws0\">\u2013 </div></td><td class=\"c x1f6 y2a35 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f2e ff59 fs2e fcb sc0 ls17c ws0\">191<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a35 w20 h9e\"><div class=\"t m1 xeb h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\">\u2013 </div></td></tr><tr><td class=\"c x1f5 y2a3d w4a h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls193 ws0\">United Kingdom and<span class=\"_ _4\"></span> the Channel Is<span class=\"_ _4\"></span>lands<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a3d w1f h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">119<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a3d w20 h9d\"><div class=\"t m1 x189 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">61<span class=\"ls0\">2</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a3d w20 h9d\"><div class=\"t m1 x1bd h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">132<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a3d w20 h9d\"><div class=\"t m1 x16f h9b y1f56 ff59 fs2e fcb sc0 ls17f ws0\">604<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a37 w4a h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls193 ws0\">United States <span class=\"_ _4\"></span>of America<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a37 w1f h9e\"><div class=\"t m1 x16f h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">299<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a37 w20 h9e\"><div class=\"t m1 x75 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">400<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a37 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">281<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a37 w20 h9e\"><div class=\"t m1 x189 h9b y1f31 ff59 fs2e fcb sc0 ls17f ws0\">346<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a38 w4a h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls18b ws0\">Other countries<span class=\"ls0\"> </span></div></td><td class=\"c x288 y2a38 w1f h9d\"><div class=\"t m1 x1bd h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">173<span class=\"ls0\"> </span></div></td><td class=\"c x289 y2a38 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls17e ws0\">23<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a38 w20 h9d\"><div class=\"t m1 x2b h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">174<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a38 w20 h9d\"><div class=\"t m1 x1bb h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">20<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x288 y2a3e w1f h9d\"><div class=\"t m1 x1b9 h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">1,<span class=\"ls181\">405</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x289 y2a3e w20 h9d\"><div class=\"t m1 x1be h9b y1f33 ff5b fs2e fcb sc0 ls17b ws0\">1,<span class=\"ls181\">035</span><span class=\"ls181\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1f6 y2a3e w20 h9d\"><div class=\"t m1 x1c3 h9b y1f33 ff59 fs2e fcb sc0 ls17c ws0\">1,434<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a3e w20 h9d\"><div class=\"t m1 x189 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">970<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18f ws0 gs232\">Revenue from no singl<span class=\"_ _4\"></span>e fund exceeded 10% of <span class=\"_ _4\"></span>total annual revenue <span class=\"_ _4\"></span>in <span class=\"ls188\">either <span class=\"ls18d\">202<span class=\"ls0\">5 <span class=\"ls183\">or 202</span>4.</span></span></span><span class=\"ls188\"><span class=\"ls18d\"><span class=\"ls0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "Accounting policy<span class=\"ls0\"> </span>Related parties <span class=\"_ _4\"></span>comprise key management perso<span class=\"_ _4\"></span>nnel, associates and <span class=\"_ _4\"></span>fund entities which<span class=\"_ _4\"></span> we are deemed to contr<span class=\"_ _4\"></span>ol. All transact<span class=\"_ _4\"></span>i<span class=\"ls183\">ons with </span>related parties were carried out on<span class=\"_ _0\"></span> an arm\u2019s<span class=\"ls0\">-<span class=\"ls185\">length<span class=\"_ _0\"></span> basis. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcb sc0 ls183 ws0 gs236\">The Executive Committee, together with <span class=\"_ _4\"></span>the Company\u2019s non<span class=\"ls0\">-<span class=\"ls188\">exec<span class=\"ls184\">utive directors, are c<span class=\"_ _4\"></span>onsidered to be our key management personnel,<span class=\"_ _4\"></span> being </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls186 ws0 gs237\">those directors, partners and em<span class=\"_ _0\"></span>ployees having authority and re<span class=\"_ _0\"></span>sponsibility for planning, directing and co<span class=\"_ _0\"></span>ntrolling our activ<span class=\"ls185\">ities.<span class=\"ls0\"> </span></span></div><div class=\"gs145\"><table class=\"s w112 he0\" id=\"_72d8a5aa-a669-43df-ae36-00ab45cc5ec4\"><tr><td></td><td class=\"c x1f0 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a34 w29 ha9\"><div class=\"t m1 x0 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">Key management compensation </div></td><td class=\"c x1f3 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a35 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls179 ws0\">Salaries and other <span class=\"_ _4\"></span>short<span class=\"ls0\">-<span class=\"ls186\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x15b haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1aa h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y2a35 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a35 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a36 w29 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls179 ws0\">Share<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a36 w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a36 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a37 w29 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Fund product<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a37 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a37 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a38 w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls17d ws0\">Pension costs (defi<span class=\"_ _4\"></span>ned contribution)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a38 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2a38 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2a39 w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a39 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a39 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">53<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs238\">Note: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs239\">1 <span class=\"_ _169\"> </span>Includes salary, benefits and cash bonus. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "The Executive Committee, together with <span class=\"_ _4\"></span>the Company\u2019s non<span class=\"ls0\">-<span class=\"ls188\">exec<span class=\"ls184\">utive directors, are c<span class=\"_ _4\"></span>onsidered to be our key management personnel,<span class=\"_ _4\"></span> being </span></span></span>those directors, partners and em<span class=\"_ _0\"></span>ployees having authority and re<span class=\"_ _0\"></span>sponsibility for planning, directing and co<span class=\"_ _0\"></span>ntrolling our activ<span class=\"ls185\">ities.<span class=\"ls0\"> </span></span><table class=\"s w112 he0\" id=\"_72d8a5aa-a669-43df-ae36-00ab45cc5ec4\"><tr><td></td><td class=\"c x1f0 y27a2 w69 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">2025<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f1 y27a2 w6a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">2024<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a34 w29 ha9\"><div class=\"t m1 x0 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">Key management compensation </div></td><td class=\"c x1f3 y28c0 w6b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td><td class=\"c x1f4 y28c0 w6c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">$m<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a35 w29 h9e\"><div class=\"t m1 x0 h9b y1f2e ff59 fs2e fcb sc0 ls179 ws0\">Salaries and other <span class=\"_ _4\"></span>short<span class=\"ls0\">-<span class=\"ls186\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x15b haa y20ab ff64 fs31 fcb sc0 ls0 ws0\">1</div><div class=\"t m1 x1aa h9b y1f2e ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x1f6 y2a35 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">19<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a35 w20 h9e\"><div class=\"t m1 x24 h9b y1f2e ff59 fs2e fcb sc0 ls18d ws0\">23<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a36 w29 h9d\"><div class=\"t m1 x0 h9b y1f56 ff59 fs2e fcb sc0 ls179 ws0\">Share<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a36 w20 h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a36 w20 h9d\"><div class=\"t m1 x4b h9b y1f56 ff59 fs2e fcb sc0 ls17c ws0\">14<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a37 w29 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls18d ws0\">Fund product<span class=\"ls0\">-<span class=\"ls17f\">based payment charge</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a37 w20 h9e\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">10<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a37 w20 h9e\"><div class=\"t m1 x4b h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">15<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a38 w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff59 fs2e fcb sc0 ls17d ws0\">Pension costs (defi<span class=\"_ _4\"></span>ned contribution)<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a38 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">1 </div></td><td class=\"c x1f7 y2a38 w20 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">1 </div></td></tr><tr><td class=\"c x1f5 y2a39 w29 h9d\"><div class=\"t m1 x0 h9b y1f33 ff5b fs2e fcb sc0 ls179 ws0\">Total<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2a39 w20 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">45<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2a39 w20 h9d\"><div class=\"t m1 x24 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">53<span class=\"ls0\"> </span></div></td></tr></table>Note: 1 <span class=\"_ _169\"> </span>Includes salary, benefits and cash bonus. Man<span class=\"ls0\"> <span class=\"ls18b\">Group paid consor<span class=\"_ _4\"></span>tium relief to <span class=\"_ _4\"></span><span class=\"ls18e\">an associate <span class=\"ls188\">entity <span class=\"ls185\">in the current and prio<span class=\"_ _0\"></span>r years. The am<span class=\"_ _0\"></span>ounts paid in<span class=\"_ _0\"></span> each year we<span class=\"_ _0\"></span>re not significan<span class=\"_ _0\"></span>t</span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "29<span class=\"ls1b6\">. Other m<span class=\"_ _4\"></span>atters<span class=\"ls0\"> </span></span>In July 2019, the<span class=\"_ _0\"></span> Public Institution<span class=\"_ _0\"></span> for Social Secu<span class=\"_ _0\"></span>rity in Kuwait (PIF<span class=\"_ _0\"></span>SS) served a cla<span class=\"_ _0\"></span>im against a nu<span class=\"_ _0\"></span>mber of parties<span class=\"_ _0\"></span>, includ<span class=\"ls185\">ing certa<span class=\"_ _0\"></span>in Man </span>Group companies, a <span class=\"_ _4\"></span>former employee of Man <span class=\"_ _4\"></span>Group and a former t<span class=\"_ _4\"></span>hird<span class=\"ls0\">-<span class=\"ls184\">party intermediary. <span class=\"_ _4\"></span><span class=\"ls183\">The trial commence<span class=\"ls0\">d </span>on 3 Mar<span class=\"ls18e\">ch 2025<span class=\"ls0\"> </span>and is <span class=\"ls17f\">due </span></span></span></span></span>to conclude in March 2026<span class=\"ls190\">. <span class=\"ls183\">The High Court is expected to hand down its judgement in 2026. The subj<span class=\"_ _4\"></span>ect matter of these allegations dat<span class=\"_ _4\"></span>es </span></span>back over a period of 20 years<span class=\"_ _4\"></span>. PIFSS <span class=\"ls185\">initially sought<span class=\"ls0\"> <span class=\"ls18e\">compensation of $156 million (plus compound in<span class=\"ls186\">terest) and certain other remedies </span></span></span></span>which <span class=\"ls0\">a<span class=\"ls18c\">re unquantified in the claim. <span class=\"ls198\">In <span class=\"ls18e\">an</span></span></span> <span class=\"ls18e\">amended particulars of claim filed in August 2024, <span class=\"ls17d\">PIFSS</span></span> <span class=\"ls185\">increased the quantum<span class=\"_ _0\"></span> of its claim to </span></span>approximately $278 million plus interest<span class=\"_ _4\"></span>. We dispute<span class=\"ls0\">d <span class=\"ls186\">the basis for this inflated q<span class=\"ls184\">uantum figure and the assumptions upon which <span class=\"ls17d\">PIFSS</span></span></span> </span>calculated it. <span class=\"ls17d\">PIFSS i<span class=\"_ _4\"></span>s no longer seeking t<span class=\"_ _4\"></span>his inflated sum and <span class=\"_ _4\"></span>has reverted to seeki<span class=\"_ _4\"></span>ng compensation of $156 mil<span class=\"_ _4\"></span>lion (plus inter<span class=\"_ _4\"></span>est). <span class=\"ls19f\">We </span></span>continue to <span class=\"ls17f\">dispute the all<span class=\"_ _4\"></span>egations and consider there is <span class=\"_ _4\"></span>no merit t<span class=\"ls183\">o the claim (in <span class=\"_ _4\"></span>respect of liability and quant<span class=\"_ _4\"></span>um) and <span class=\"ls18e\">are <span class=\"ls186\">therefore </span></span></span></span>vigorously and robustly defend<span class=\"ls185\">ing<span class=\"ls0\"> <span class=\"ls186\">the proceedings. </span> </span></span>We are subj<span class=\"_ _4\"></span>ect to var<span class=\"_ _4\"></span>ious other <span class=\"_ _4\"></span>claims, a<span class=\"_ _4\"></span>ssessments, r<span class=\"_ _4\"></span>egulatory <span class=\"_ _4\"></span>enquiries a<span class=\"_ _4\"></span>nd investi<span class=\"_ _4\"></span>gations in <span class=\"_ _4\"></span>the normal c<span class=\"_ _4\"></span>ourse of bus<span class=\"_ _4\"></span>iness<span class=\"ls190\">. The Board<span class=\"ls0\"> </span></span>does not expect such matters to have <span class=\"_ _4\"></span>a material adverse effect on our <span class=\"_ _4\"></span>financial position.",
   "dimensions": {
    "concept": "mangroupplc:DisclosureOfOtherMatters",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Accounting policy<span class=\"ls0\"> </span>We have eva<span class=\"_ _4\"></span>luated all<span class=\"_ _4\"></span> exposures <span class=\"_ _4\"></span>and concluded <span class=\"_ _4\"></span>that where <span class=\"_ _4\"></span>we hold an i<span class=\"_ _4\"></span>nvestment, <span class=\"_ _4\"></span>fee receiv<span class=\"_ _4\"></span>able, <span class=\"ls18e\">accrued income, or commitment </span>with<span class=\"ls0\"> <span class=\"ls18e\">an investment fund or a CLO, t<span class=\"_ _4\"></span>his represents an interest in a <span class=\"_ _4\"></span>structured entity as defined by IFRS 1<span class=\"_ _4\"></span>2 \u2018Disclosure of Interest<span class=\"ls199\">s in </span></span></span>Other<span class=\"ls0\"> <span class=\"ls197\">Entities\u2019.</span> </span>Investment fun<span class=\"_ _0\"></span>ds are designe<span class=\"_ _0\"></span>d so that their act<span class=\"_ _0\"></span>ivities are not gov<span class=\"_ _0\"></span>erned by<span class=\"ls0\"> <span class=\"ls17a\">way of voting righ<span class=\"_ _4\"></span>ts, and cont<span class=\"_ _4\"></span>ractual ar<span class=\"_ _4\"></span>rangements are<span class=\"_ _4\"></span> the </span></span>dominant factor in affecti<span class=\"_ _4\"></span>ng an investor\u2019s returns. The <span class=\"_ _4\"></span>activities of these entit<span class=\"_ _4\"></span>ies are governed by investment management ag<span class=\"_ _4\"></span><span class=\"ls18c\">reements </span>or, in the case of CLOs, <span class=\"_ _4\"></span>indentures. <span class=\"ls0\"> </span>Our maximum exposure t<span class=\"_ _4\"></span>o <span class=\"ls185\">loss from unc<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tructured entitie<span class=\"_ _0\"></span>s is the sum to<span class=\"_ _0\"></span>tal of any inves<span class=\"_ _0\"></span>tment held, fe<span class=\"_ _0\"></span>e receivables a<span class=\"_ _0\"></span>nd </span>accrued<span class=\"ls0\"> <span class=\"ls185\">income.</span></span>",
   "dimensions": {
    "concept": "mangroupplc:DescriptionOfAccountingPolicyForUnconsolidatedStructuredEntities",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "<div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18b ws0 gs23d\">Our interest i<span class=\"_ _4\"></span>n and exposure to <span class=\"_ _4\"></span>unconsolidated str<span class=\"_ _4\"></span>uctured entities <span class=\"_ _4\"></span>is as follows:<span class=\"_ _4\"></span> <span class=\"ls0\"> </span></div><div class=\"gs23e\"><table class=\"s w130 hf7\" id=\"_7fbfae74-0370-4324-92f5-6cab5e5c0cac\"><tr><td></td><td></td><td class=\"c x2c5 y2890 w131 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Less infrastructure<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c6 y2890 w132 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x2c7 y2890 w133 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Fee<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2c8 y2a3f w134 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">mandates and<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c9 y2a3f w135 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">unconsolidated<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2ca y2a3f w136 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Fair value of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cb y2a3f w137 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">receivables<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cc y2a3f w138 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Maximum<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2cd y2a40 wda hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ce y2a40 w139 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">consolidated<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cf y2a40 w13a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">structured<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2d0 y2a40 w13b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">investment<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d1 y2a40 w13c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">and accrued<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2cc y2a40 w13d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">exposure<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2d2 y2a41 w13e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">AUM<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d4 y2a41 w13f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">fund entities</div><div class=\"t m1 x2d3 hb4 y2863 ff67 fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d5 y2a41 w140 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">entities<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d6 y2a41 w141 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d7 y2a41 w142 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">held<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d8 y2a41 w143 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">income<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d9 y2a41 w144 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">to loss<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a42 w54 hcc\"><div class=\"t m1 x1b8 h42 y21f0 ff5d fsd fcb sc0 ls0 ws0\">2025 </div></td><td class=\"c x2da y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2db y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2dc y2a43 w145 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2dd y2a43 w146 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">of funds<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2de y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2df y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e0 y2a43 w147 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5d fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a44 w54 h9e\"><div class=\"t m1 x1b8 h9b y1f2e ff5b fs2e fcb sc0 ls193 ws0\">Alternative<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a45 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f2e ff59 fs2e fcb sc0 ls181 ws0\">Absolute return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a45 w55 h9d\"><div class=\"t m1 x2b h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">42.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a45 w56 h9d\"><div class=\"t m1 x1b3 h9b y1f2e ff5b fs2e fcb sc0 ls186 ws0\">(0.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a45 w57 h9d\"><div class=\"t m1 x109 h9b y1f2e ff5b fs2e fcb sc0 ls181 ws0\">41.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a45 w58 h9d\"><div class=\"t m1 x4b h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">119<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a45 w58 h9d\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">13<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a45 w58 h9d\"><div class=\"t m1 x24 h9b y1f2e ff5b fs2e fcb sc0 ls17b ws0\">132<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a45 w58 h9d\"><div class=\"t m1 x1c7 h9b y1f2e ff5b fs2e fcb sc0 ls17e ws0\">26<span class=\"ls0\">9</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a46 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls183 ws0\">Total return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a46 w55 h9d\"><div class=\"t m1 x2b h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">46.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a46 w56 h9d\"><div class=\"t m1 xee h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">(<span class=\"ls17b\">1.5</span>) </div></td><td class=\"c x2e3 y2a46 w57 h9d\"><div class=\"t m1 x109 h9b y1f56 ff5b fs2e fcb sc0 ls181 ws0\">45.1<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a46 w58 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">131<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a46 w58 h9d\"><div class=\"t m1 xeb h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">74 </div></td><td class=\"c x2e6 y2a46 w58 h9d\"><div class=\"t m1 x24 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">137<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a46 w58 h9d\"><div class=\"t m1 x4b h9b y1f56 ff5b fs2e fcb sc0 ls17e ws0\">211<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a47 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f56 ff59 fs2e fcb sc0 ls17a ws0\">Multi<span class=\"ls0\">-<span class=\"ls19b\">manager</span></span><span class=\"ls0\"><span class=\"ls19b\"><span class=\"_ _4\"></span><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2e1 y2a47 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">14.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a47 w56 h9d\"><div class=\"t m1 x1b3 h9b y1f56 ff5b fs2e fcb sc0 ls186 ws0\">(8.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a47 w57 h9d\"><div class=\"t m1 x137 h9b y1f56 ff5b fs2e fcb sc0 ls17d ws0\">5.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a47 w58 h9d\"><div class=\"t m1 xeb h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">18<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a47 w58 h9d\"><div class=\"t m1 x1d h9b y1f56 ff5b fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x2e6 y2a47 w58 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">15<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a47 w58 h9d\"><div class=\"t m1 x129 h9b y1f56 ff5b fs2e fcb sc0 ls17b ws0\">17<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a48 w54 h9e\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls17f ws0\">Long<span class=\"ls0\">-<span class=\"ls197\">only</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a49 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f31 ff59 fs2e fcb sc0 ls179 ws0\">Systematic<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a49 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">76.2<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a49 w56 h9d\"><div class=\"t m1 xee h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a49 w57 h9d\"><div class=\"t m1 xee h9b y1f31 ff5b fs2e fcb sc0 ls188 ws0\">76.1<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a49 w58 h9d\"><div class=\"t m1 x4b h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">119<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a49 w58 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls0 ws0\">7 </div></td><td class=\"c x2e6 y2a49 w58 h9d\"><div class=\"t m1 x24 h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">126<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a49 w58 h9d\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17b ws0\">133<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4a w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Discretionary <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a4a w55 h9d\"><div class=\"t m1 x2b h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">47.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a4a w56 h9d\"><div class=\"t m1 xee h9b y1f33 ff5b fs2e fcb sc0 ls186 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a4a w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">47.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a4a w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a4a w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff5b fs2e fcb sc0 ls0 ws0\">27 </div></td><td class=\"c x2e6 y2a4a w58 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls181 ws0\">42<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a4a w58 h9d\"><div class=\"t m1 x177 h9b y1f33 ff5b fs2e fcb sc0 ls17d ws0\">69<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4b w54 h9d\"><div class=\"t m1 x1b8 h9b y1f31 ff5b fs2e fcb sc0 ls179 ws0\">Total <span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a4b w55 h9d\"><div class=\"t m1 x75 h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">227.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a4b w56 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls186 ws0\">(10.9)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a4b w57 h9d\"><div class=\"t m1 x1d h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">216.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">444<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a4b w58 h9d\"><div class=\"t m1 x1bb h9b y1f31 ff5b fs2e fcb sc0 ls17e ws0\">247<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls181 ws0\">452<span class=\"ls0\"> </span></div></td><td class=\"c x2e7 y2a4b w58 h9d\"><div class=\"t m1 x1c7 h9b y1f31 ff5b fs2e fcb sc0 ls17d ws0\">699<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"gs23f\"><table class=\"s w148 h118\" id=\"_88da5032-a052-4389-9dc6-373aecc95719\"><tr><td></td><td></td><td class=\"c x2e8 y2a4c w149 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Less infrastructure<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e9 y2a4c w14a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total AUM<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td class=\"c x2ea y2a4c w14b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Fee<span class=\"_ _1bd\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x2eb y2a4d w14c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">mandates and<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ec y2a4d w14d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">unconsolidated<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2d0 y2a4d w14e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Fair value of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ed y2a4d w14f hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">receivables<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ee y2a4d w150 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Maximum<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2ef y2844 wdc hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Total<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f0 y2844 w151 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">consolidated<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2c6 y2844 w152 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">structured<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2f1 y2844 w153 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">investment<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f2 y2844 w12d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">and accrued<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f3 y2844 w154 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">exposure<span class=\"_ _1bd\"> </span></div></td></tr><tr><td></td><td class=\"c x2d2 y2a4e w155 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">AUM<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f5 y2a4e w156 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">fund entities</div><div class=\"t m1 x2f4 hb4 y2863 ff6b fs32 fcb sc0 ls0 ws0\">1<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f6 y2a4e w157 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">entities<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f7 y2a4e w158 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f8 y2a4e w159 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">held<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2f9 y2a4e w15a hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">income<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fa y2a4e w15b hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">to loss<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a4f w54 hcd\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">2024 </div></td><td class=\"c x2cd y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fb y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fc y2a50 w15c hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($bn)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2d6 y2a50 w15d hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">of funds<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fd y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2fe y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2ff y2a50 w15e hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">($m)<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a51 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff5b fs2e fcb sc0 ls193 ws0\">Alternative<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a52 w54 h9d\"><div class=\"t m1 x1b8 h9b y1fa4 ff59 fs2e fcb sc0 ls181 ws0\">Absolute return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a52 w55 h9d\"><div class=\"t m1 x1c7 h9b y1fa4 ff59 fs2e fcb sc0 ls197 ws0\">45.3<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a52 w56 h9d\"><div class=\"t m1 xee h9b y1fa4 ff59 fs2e fcb sc0 ls187 ws0\">(0.5)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a52 w57 h9d\"><div class=\"t m1 x1b3 h9b y1fa4 ff59 fs2e fcb sc0 ls197 ws0\">44.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a52 w58 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">132<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a52 w58 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">122<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a52 w59 h9d\"><div class=\"t m1 x4b h9b y1fa4 ff59 fs2e fcb sc0 ls17c ws0\">120<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a52 w58 h9d\"><div class=\"t m1 x24 h9b y1fa4 ff59 fs2e fcb sc0 ls18d ws0\">242<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a53 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls183 ws0\">Total return<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a53 w55 h9d\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls197 ws0\">41.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a53 w56 h9d\"><div class=\"t m1 x138 h9b y1f39 ff59 fs2e fcb sc0 ls187 ws0\">(1.6)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a53 w57 h9d\"><div class=\"t m1 x109 h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">39.9<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a53 w58 h9d\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">96<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a53 w58 h9d\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls17e ws0\">81<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a53 w59 h9d\"><div class=\"t m1 xeb h9b y1f39 ff59 fs2e fcb sc0 ls17f ws0\">64<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a53 w58 h9d\"><div class=\"t m1 x3 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">145<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a54 w54 hce\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls17a ws0\">Multi<span class=\"ls0\">-<span class=\"ls19b\">manager</span></span><span class=\"ls0\"><span class=\"ls19b\"><span class=\"_ _4\"></span> <span class=\"ls0\"> </span></span></span></div></td><td class=\"c x2e1 y2a54 w55 hce\"><div class=\"t m1 x1bb h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">14.4<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a54 w56 hce\"><div class=\"t m1 x138 h9b y1f37 ff59 fs2e fcb sc0 ls187 ws0\">(9.7)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a54 w57 hce\"><div class=\"t m1 x6 h9b y1f37 ff59 fs2e fcb sc0 ls197 ws0\">4.7<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a54 w58 hce\"><div class=\"t m1 x177 h9b y1f37 ff59 fs2e fcb sc0 ls197 ws0\">40<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a54 w58 hce\"><div class=\"t m1 x1d h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">2 </div></td><td class=\"c x2e6 y2a54 w59 hce\"><div class=\"t m1 x1d h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">5 </div></td><td class=\"c x300 y2a54 w58 hce\"><div class=\"t m1 x1e h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x1eb y2a55 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff5b fs2e fcb sc0 ls17f ws0\">Long<span class=\"ls0\">-<span class=\"ls197\">only</span></span><span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2a56 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls179 ws0\">Systematic<span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a56 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">38.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a56 w56 h9d\"><div class=\"t m1 x138 h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(0.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a56 w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">38.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a56 w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">95<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a56 w58 h9d\"><div class=\"t m1 x1d h9b y1f33 ff59 fs2e fcb sc0 ls0 ws0\">4 </div></td><td class=\"c x2e6 y2a56 w59 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">62<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a56 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">66<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a57 w54 h9d\"><div class=\"t m1 x1b8 h9b y1f33 ff59 fs2e fcb sc0 ls180 ws0\">Discretionary <span class=\"_ _4\"></span><span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a57 w55 h9d\"><div class=\"t m1 x1c7 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">28.8<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a57 w56 h9d\"><div class=\"t m1 xee h9b y1f33 ff59 fs2e fcb sc0 ls187 ws0\">(0.2)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a57 w57 h9d\"><div class=\"t m1 x109 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">28.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a57 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls17f ws0\">57<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a57 w58 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">21<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a57 w59 h9d\"><div class=\"t m1 x129 h9b y1f33 ff59 fs2e fcb sc0 ls18d ws0\">27<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a57 w58 h9d\"><div class=\"t m1 xeb h9b y1f33 ff59 fs2e fcb sc0 ls197 ws0\">48<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2a58 w54 hce\"><div class=\"t m1 x1b8 h9b y1f26 ff5b fs2e fcb sc0 ls179 ws0\">Total <span class=\"ls0\"> </span></div></td><td class=\"c x2e1 y2a58 w55 hce\"><div class=\"t m1 x189 h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">168.6<span class=\"ls0\"> </span></div></td><td class=\"c x2e2 y2a58 w56 hce\"><div class=\"t m1 x1b3 h9b y1f26 ff59 fs2e fcb sc0 ls187 ws0\">(12.1)<span class=\"ls0\"> </span></div></td><td class=\"c x2e3 y2a58 w57 hce\"><div class=\"t m1 x1e h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">156.5<span class=\"ls0\"> </span></div></td><td class=\"c x2e4 y2a58 w58 hce\"><div class=\"t m1 x1bb h9b y1f26 ff59 fs2e fcb sc0 ls197 ws0\">420<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2a58 w58 hce\"><div class=\"t m1 x1bb h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">230<span class=\"ls0\"> </span></div></td><td class=\"c x2e6 y2a58 w59 hce\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls18d ws0\">278<span class=\"ls0\"> </span></div></td><td class=\"c x300 y2a58 w58 hce\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls17f ws0\">508<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls0 ws0 gs240\">Notes: </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls1c3 ws0 gs241\">1 <span class=\"ls0\"> <span class=\"_ _33\"> </span></span>For infrastructure mandates where we do not act as investment manager or adviser, our role in directing investment activities<span class=\"ls0\"> </span>is diminished and therefore these are not considered </div><div class=\"t m1 h42 ff5c fsd fcb sc0 ls1c3 ws0 gs242\">structured<span class=\"ls0\"> </span>entities.<span class=\"ls0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "<div class=\"t m1 ha4 ff60 fs2f fcb sc0 ls0 ws0 gs244\">31<span class=\"ls1b6\">. Group inv<span class=\"_ _4\"></span>estments<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls180 ws0 gs245\">Details of t<span class=\"_ _4\"></span>he Company\u2019s subsidia<span class=\"_ _4\"></span>ries are provided <span class=\"_ _4\"></span>below. The list<span class=\"_ _4\"></span> excludes consoli<span class=\"_ _4\"></span>dated structured ent<span class=\"_ _4\"></span>ities on the b<span class=\"_ _4\"></span>asis tha<span class=\"ls186\">t, although these </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs246\">are consolidated for the purposes of<span class=\"_ _4\"></span> IFRS, they are not within the legal<span class=\"_ _4\"></span> ownership of Man Group. The country of o<span class=\"ls184\">peration i<span class=\"_ _4\"></span>s the same as the </span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls18e ws0 gs247\">country <span class=\"ls183\">of<span class=\"ls0\"> <span class=\"ls185\">incorporation an<span class=\"_ _0\"></span>d the year</span>-<span class=\"_ _0\"></span><span class=\"ls188\">end is 31 December, unless otherwise <span class=\"_ _4\"></span>stated. The effective Group inter<span class=\"_ _4\"></span>est represents both the </span></span></span></div><div class=\"t m1 h9b ff59 fs2e fcb sc0 ls184 ws0 gs248\">percentage held and voting r<span class=\"_ _4\"></span>ights of ordinary shares or<span class=\"_ _4\"></span> common stock (or the local equi<span class=\"_ _4\"></span>valent th<span class=\"ls188\">ereof), unless ot<span class=\"_ _4\"></span>herwise stated.<span class=\"ls0\"> </span></span></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls18b ws0 gs249\">Parent company<span class=\"ls0\"> </span></div><div class=\"gs24a\"><table class=\"s w15f h119\" id=\"_6372fbef-15b3-46c3-9f92-888bc4a5003c\"><tr><td></td><td></td><td class=\"c x301 y2a32 w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a59 w5a h9c\"><div class=\"t m1 x0 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x302 y2a59 w5b h9c\"><div class=\"t m1 x1b8 h42 y209b ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td class=\"c x303 y2a33 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y27dc w5a h9d\"><div class=\"t m1 x0 h9b y1f61 ff59 fs2e fcb sc0 ls17a ws0\">Man Group pl<span class=\"_ _4\"></span>c<span class=\"ls0\"> </span></div></td><td class=\"c x302 y27dc w5b h9d\"><div class=\"t m1 x1b8 h9b y1f61 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier<span class=\"ls0\">, <span class=\"ls17e\">JE4 8PX</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y27dc w20 h9d\"><div class=\"t m1 xef h9b y1f61 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls18a ws0 gs24b\">Subsidiaries<span class=\"ls0\"> </span></div><div class=\"gs24c\"><table class=\"s w162 h11a\" id=\"_a0bd1f5f-8fb2-4e02-a1c8-668b2991c4e5\"><tr><td></td><td></td><td></td><td class=\"c x304 y2a5a wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x285 y2a5a w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x305 y2a5a w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5b w5c ha9\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x306 y2a5b w5d ha9\"><div class=\"t m1 x0 h42 y211f ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x307 y2a5c w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x308 y2a5c w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x309 y2a5c w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5d w5c h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Tr<span class=\"_ _4\"></span>easury Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a5d w5d h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a5d w5e h9e\"><div class=\"t m1 x1c5 h9b y1f79 ff59 fs2e fcb sc0 ls180 ws0\">Direct<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5d w1f h9e\"><div class=\"t m1 x1ba h9b y1f79 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5d w30 h9e\"><div class=\"t m1 x2b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5e w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls181 ws0\">AHL Partners LLP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x28 haa y2473 ff64 fs31 fcb sc0 ls1c4 ws0\">1,2</div><div class=\"t m1 x115 h9b y1f26 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a5e w5d h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a5e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f26 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5e w1f h9d\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5e w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a5f w5c h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls181 ws0\">ArcticDB Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a5f w5d h9d\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan <span class=\"ls188\">Lane, London, EC4R 3AD</span><span class=\"ls188\"><span class=\"ls0\"> </span></span></div></td><td></td><td class=\"c x30a y2a5f w5e h9d\"><div class=\"t m1 x1c6 h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a5f w1f h9d\"><div class=\"t m1 x24 h9b y1f7c ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a5f w30 h9d\"><div class=\"t m1 x2b h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a60 w5c h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls181 ws0\">Asteria Investment<span class=\"_ _4\"></span> Managers SA<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a60 w5d h9e\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Rue de Lausanne 15, <span class=\"_ _4\"></span>1201 Geneva<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x30a y2a60 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a60 w1f h9e\"><div class=\"t m1 x1c4 h9b y1f35 ff59 fs2e fcb sc0 ls179 ws0\">Switzerland<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a60 w30 h9e\"><div class=\"t m1 x177 h9b y1f35 ff59 fs2e fcb sc0 ls17f ws0\">51<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a61 w5c h9d\"><div class=\"t m1 x0 h9b y1f37 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Ar<span class=\"_ _4\"></span>bitrage IC Management L<span class=\"_ _4\"></span>P<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x17d haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x120 h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a62 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a62 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a61 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a61 w1f h9d\"><div class=\"t m1 x24 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a61 w30 h9d\"><div class=\"t m1 x2b h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a63 w5c h9e\"><div class=\"t m1 x0 h9b y1f39 ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Ar<span class=\"_ _4\"></span>bitrage UCITS Management <span class=\"_ _4\"></span>LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 xb9 haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x9d h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a64 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a64 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a63 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a63 w1f h9e\"><div class=\"t m1 x24 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a63 w30 h9e\"><div class=\"t m1 x2b h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a65 w5c h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill CLO <span class=\"_ _4\"></span>Equity Holdings LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x119 haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x1d5 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a66 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a66 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a65 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a65 w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a65 w30 h9d\"><div class=\"t m1 x2b h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a67 w168 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Bardin Hill Lon<span class=\"_ _4\"></span>g Duration Recoveries<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30b y2a67 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a67 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a68 w5e ha2\"><div class=\"t m1 x1c6 h9b y1faf ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a68 w1f ha2\"><div class=\"t m1 x24 h9b y1faf ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a68 w30 ha2\"><div class=\"t m1 x2b h9b y1faf ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a6a w169 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LP</div><div class=\"t m1 x30d haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a6b w5c ha2\"><div class=\"t m1 x0 h9b y1fa3 ff59 fs2e fcb sc0 ls18d ws0\">FA Sub 3 Limited<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a6c w16a hdd\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Luna Tower, Waterfront Drive, Road Town<span class=\"ls190\">,<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x30a y2a6b w5e ha2\"><div class=\"t m1 x1c6 h9b y1fa3 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a6b w1f ha2\"><div class=\"t m1 x1c7 h9b y1fa3 ff59 fs2e fcb sc0 ls181 ws0\">BVI<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a6b w30 ha2\"><div class=\"t m1 x2b h9b y1fa3 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a6d w16b hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">Tortola<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a6e w5c h9d\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls18b ws0\">GLG Capital Management<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x171 haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x153 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a6f w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a6f w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a6e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a6e w1f h9d\"><div class=\"t m1 x24 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a6e w30 h9d\"><div class=\"t m1 x2b h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a70 w5c h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18b ws0\">GLG <span class=\"ls188\">LLC<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x16f haa y247a ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a71 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a71 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a70 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a70 w1f h9e\"><div class=\"t m1 x24 h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a70 w30 h9e\"><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a72 w5c h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a72 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a72 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a72 w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a72 w30 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a73 w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5c haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x9 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a73 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a73 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a73 w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a73 w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a74 w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18b ws0\">GPM Summit <span class=\"ls17d\">Point GP LLC<span class=\"_ _1bd\"> </span></span></div><div class=\"t m1 x151 haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x13e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a75 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a75 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a74 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a74 w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\">US </div></td><td class=\"c x226 y2a74 w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a76 w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls189 ws0\">Habitare Homes <span class=\"_ _4\"></span>2 Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a76 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a76 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a76 w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a76 w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a77 w5c h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls189 ws0\">Halcyon Loan A<span class=\"_ _4\"></span>dvisors A LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x152 haa y230f ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9c h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a78 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a78 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a77 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a77 w1f h9d\"><div class=\"t m1 x24 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a77 w30 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a79 w5c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls189 ws0\">Halcyon Loan I<span class=\"_ _4\"></span>nvestment Management <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d6 haa y2477 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9d h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a7a w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a7a w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a79 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a79 w1f h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a79 w30 h9e\"><div class=\"t m1 x2b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a7b w5c h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls189 ws0\">HLDR GP LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1b3 haa y2184 ff64 fs31 fcb sc0 ls1c1 ws0\">3,5</div><div class=\"t m1 x6 h9b y1f2b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a7c w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a7c w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a7b w5e h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a7b w1f h9d\"><div class=\"t m1 x24 h9b y1f2b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a7b w30 h9d\"><div class=\"t m1 x2b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a7d w5c ha2\"><div class=\"t m1 x0 h9b y1fad ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls181\">Asset Management (Cayman)<span class=\"_ _4\"></span> Limited<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x30b y2a7e w16c hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">PO Box 309, Ugland House,<span class=\"_ _4\"></span> South Church Street,<span class=\"_ _4\"></span> George<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a7d w5e ha2\"><div class=\"t m1 x1c6 h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a7d w1f ha2\"><div class=\"t m1 x1c0 h9b y1fad ff59 fs2e fcb sc0 ls18a ws0\">Cayman<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a7d w30 ha2\"><div class=\"t m1 x2b h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a7f w16d hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls183 ws0\">Town, Grand Cayman, KY1<span class=\"ls0\">-<span class=\"ls17c\">1104<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a80 w5c h9e\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Asset Man<span class=\"_ _4\"></span>agement (Irel<span class=\"_ _4\"></span>and) Limite<span class=\"_ _4\"></span>d<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a80 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">70 Sir John Rogerson\u2019s Quay, Dublin 2<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a80 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a80 w1f h9e\"><div class=\"t m1 x1ba h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Ireland<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a80 w30 h9e\"><div class=\"t m1 x2b h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a81 w5c h9d\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Austral<span class=\"_ _4\"></span>ia GP L<span class=\"ls185\">imited</span><span class=\"ls185\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x306 y2a81 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a81 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a81 w1f h9d\"><div class=\"t m1 x24 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a81 w30 h9d\"><div class=\"t m1 x2b h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a82 w5c ha2\"><div class=\"t m1 x0 h9b y247d ff59 fs2e fcb sc0 ls17a ws0\">Man Austral<span class=\"_ _4\"></span>ia LP<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1b haa y247e ff64 fs31 fcb sc0 ls0 ws0\">2</div><div class=\"t m1 x10a h9b y247d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a83 w16e hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Level <span class=\"ls197\">42, Governor Phill<span class=\"_ _4\"></span>ip Tower, 1 Farrer <span class=\"_ _4\"></span>Place,<span class=\"ls0\"> <span class=\"ls179\">Sydney,<span class=\"_ _1bd\"> </span></span></span></span></div></td><td class=\"c x30a y2a82 w5e ha2\"><div class=\"t m1 x1c6 h9b y247d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a82 w1f ha2\"><div class=\"t m1 x1ca h9b y247d ff59 fs2e fcb sc0 ls181 ws0\">Australia<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a82 w30 ha2\"><div class=\"t m1 x2b h9b y247d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a84 w16f hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls182 ws0\">NSW<span class=\"ls0\"> <span class=\"ls18d\">2000<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a85 w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Man (Europe)<span class=\"_ _4\"></span> AG<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a86 w170 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Austrasse 56, 949<span class=\"_ _4\"></span>0,<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30f y2a86 w171 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Vaduz<span class=\"_ _1bd\"> </span></div></td><td class=\"c x311 y2a86 w172 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x310 h9b y276f ff59 fs2e fcb sc0 ls1c5 ws0\">Liechtenstein<span class=\"_ _1bd\"> </span></div></td><td class=\"c x226 y2a85 w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a87 w5c ha2\"><div class=\"t m1 x0 h9b y2468 ff59 fs2e fcb sc0 ls17a ws0\">Man Fund Manag<span class=\"_ _4\"></span>ement Netherla<span class=\"_ _4\"></span>nds BV<span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a88 w173 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Beurs <span class=\"ls0\">\u2013 <span class=\"ls19f\">World Tra<span class=\"_ _4\"></span>de Center, <span class=\"_ _4\"></span>Beursplein <span class=\"_ _4\"></span>37,<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x30a y2a87 w5e ha2\"><div class=\"t m1 x1c6 h9b y2468 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a87 w1f ha2\"><div class=\"t m1 x67 h9b y2468 ff59 fs2e fcb sc0 ls182 ws0\">Netherlands<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a87 w30 ha2\"><div class=\"t m1 x2b h9b y2468 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x30e y2a89 w174 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">3011<span class=\"_ _1bd\"> </span></div></td><td class=\"c x312 y2a89 w175 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">AA, Rotterdam<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a8a w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Fund Manag<span class=\"_ _4\"></span>ement UK Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a8a w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8a w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8a w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8a w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8b w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls18b\">Global Privat<span class=\"_ _4\"></span>e Markets (UK) Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></span></span></div></td><td class=\"c x306 y2a8b w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8b w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8b w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8b w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8c w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man Global <span class=\"_ _4\"></span>Private Mar<span class=\"_ _4\"></span>kets (USA) I<span class=\"_ _4\"></span>nc. <span class=\"ls0\"> </span></div></td><td class=\"c x30b y2a8d w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a8d w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a8c w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8c w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8c w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8e w5c h9d\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Hol<span class=\"_ _4\"></span>dings Limit<span class=\"_ _4\"></span>ed<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x9e haa y230f ff64 fs31 fcb sc0 ls0 ws0\">4</div><div class=\"t m1 xea h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x306 y2a8e w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f47 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank <span class=\"ls189\">House, <span class=\"_ _4\"></span>2 Swan Lane, Lond<span class=\"_ _4\"></span>on, EC4R 3AD</span><span class=\"ls189\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x30a y2a8e w5e h9d\"><div class=\"t m1 x1c6 h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8e w1f h9d\"><div class=\"t m1 x24 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8e w30 h9d\"><div class=\"t m1 x2b h9b y1f47 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a8f w5c h9e\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls17a ws0\">Man Group In<span class=\"_ _4\"></span>vestments Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a8f w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f49 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a8f w5e h9e\"><div class=\"t m1 x1c6 h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a8f w1f h9e\"><div class=\"t m1 x24 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a8f w30 h9e\"><div class=\"t m1 x2b h9b y1f49 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a90 w5c h9d\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls17a ws0\">Man Group Jap<span class=\"_ _4\"></span>an Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a90 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls188 ws0\">Level 3, Mill Court, La <span class=\"_ _4\"></span>Charroterie<span class=\"ls190\">, St Peter Port, GY1 6<span class=\"_ _0\"></span>JB</span><span class=\"ls190\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x30a y2a90 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a90 w1f h9d\"><div class=\"t m1 x1cc h9b y1f2b ff59 fs2e fcb sc0 ls18b ws0\">Guernsey<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a90 w30 h9d\"><div class=\"t m1 x2b h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a91 w5c h9e\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a91 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f79 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a91 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f79 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a91 w1f h9e\"><div class=\"t m1 x24 h9b y1f79 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a91 w30 h9e\"><div class=\"t m1 x2b h9b y1f79 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a92 w5c h9d\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Oper<span class=\"_ _4\"></span>ations Limi<span class=\"_ _4\"></span>ted<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a92 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f26 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a92 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f26 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a92 w1f h9d\"><div class=\"t m1 x24 h9b y1f26 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a92 w30 h9d\"><div class=\"t m1 x2b h9b y1f26 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a94 w176 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Group Par<span class=\"_ _4\"></span>tners LLP</div><div class=\"t m1 x313 haa y2a93 ff64 fs31 fcb sc0 ls1c4 ws0\">1,2<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x314 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Man<span class=\"_ _1bd\"> </span></div></td><td class=\"c x306 y2a95 w5d ha2\" colspan=\"2\"><div class=\"t m1 x0 h9b y2468 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan<span class=\"ls0\"> <span class=\"ls188\">Lane, London, EC4R 3AD</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a95 w5e ha2\"><div class=\"t m1 x1c6 h9b y2468 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a95 w1f ha2\"><div class=\"t m1 x24 h9b y2468 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a95 w30 ha2\"><div class=\"t m1 x2b h9b y2468 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a96 w177 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18b ws0\">GLG Partners LLP)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1f5 y2a97 w5c h9d\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Group Ser<span class=\"_ _4\"></span>vices Limit<span class=\"_ _4\"></span>ed<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a97 w5d h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a97 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a97 w1f h9d\"><div class=\"t m1 x24 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a97 w30 h9d\"><div class=\"t m1 x2b h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a98 w5c h9e\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man Group UK <span class=\"_ _4\"></span>Limited<span class=\"ls0\"> </span></div></td><td class=\"c x306 y2a98 w5d h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x30a y2a98 w5e h9e\"><div class=\"t m1 x1c6 h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a98 w1f h9e\"><div class=\"t m1 x24 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a98 w30 h9e\"><div class=\"t m1 x2b h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1f5 y2a99 w5c h9d\"><div class=\"t m1 x0 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls18b\">Group US Lending <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x13e haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x9e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x30b y2a9a w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30c y2a9a w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a99 w5e h9d\"><div class=\"t m1 x1c6 h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a99 w1f h9d\"><div class=\"t m1 x24 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a99 w30 h9d\"><div class=\"t m1 x2b h9b y1f45 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2a9b w178 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t Management (<span class=\"_ _4\"></span>Shanghai)<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x30b y2a9b w179 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18f ws0\">Room 1701A, 5 Corpora<span class=\"_ _4\"></span>te Avenue, 150 Hubin Roa<span class=\"_ _4\"></span>d,<span class=\"_ _1bd\"> </span></div></td><td class=\"c x30a y2a9c w5e ha2\"><div class=\"t m1 x1c6 h9b y231c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x225 y2a9c w1f ha2\"><div class=\"t m1 x1c3 h9b y231c ff59 fs2e fcb sc0 ls18a ws0\">China<span class=\"ls0\"> </span></div></td><td class=\"c x226 y2a9c w30 ha2\"><div class=\"t m1 x2b h9b y231c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x210 y2a9d w17a hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18a ws0\">Co., Ltd<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x30e y2a9d w17b hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls189 ws0\">Huangpu Distric<span class=\"_ _4\"></span>t, 200021<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr></table></div><div class=\"gsdd\"><table class=\"s w17c h11b\" id=\"_846f1502-ccb8-4dc4-aabb-30241337b8b1\"><tr><td></td><td></td><td></td><td class=\"c x315 y2a9e wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x316 y2a9e w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x317 y2a9e w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1eb y2a9f w36 h9c\"><div class=\"t m1 x1b8 h42 y1f26 ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x318 y2a9f w5f h9c\"><div class=\"t m1 x0 h42 y1f26 ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x319 y2aa0 w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31a y2aa0 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31b y2aa0 w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x20f y2aa1 w17d hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t Partners <span class=\"_ _4\"></span>(US) LP</div><div class=\"t m1 x31c haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aa1 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aa1 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aa2 w60 hb3\"><div class=\"t m1 xdc h9b y2488 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa2 w61 hb3\"><div class=\"t m1 x129 h9b y2488 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa2 w20 hb3\"><div class=\"t m1 x189 h9b y2488 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2aa3 w17e hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"ls0\"> <span class=\"ls181\">Bardin Hill Investment<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2aa4 w17f hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">Partners<span class=\"ls0\"> <span class=\"ls188\">LP)<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aa5 w180 hdd\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) CN GP <span class=\"_ _4\"></span>LLC</div><div class=\"t m1 x320 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x321 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x322 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001 Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td></td><td class=\"c x2e5 y2aa6 w60 ha2\"><div class=\"t m1 xdc h9b y247d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa6 w61 ha2\"><div class=\"t m1 x129 h9b y247d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa6 w20 ha2\"><div class=\"t m1 x189 h9b y247d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aa7 w181 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls189 ws0\">HCN GP LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aa8 w182 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Fund <span class=\"_ _4\"></span>GP <span class=\"ls188\">LLC</span></div><div class=\"t m1 x323 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aa8 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aa8 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aa9 w60 ha2\"><div class=\"t m1 xdc h9b y1fc0 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aa9 w61 ha2\"><div class=\"t m1 x129 h9b y1fc0 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aa9 w20 ha2\"><div class=\"t m1 x189 h9b y1fc0 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aaa w183 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Fund G<span class=\"_ _0\"></span>P LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aab w184 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) GP Ho<span class=\"_ _4\"></span>ldings LLC</div><div class=\"t m1 x324 haa y2a69 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">5<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x31d y2aab w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aab w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aac w60 ha3\"><div class=\"t m1 xdc h9b y1fbe ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aac w61 ha3\"><div class=\"t m1 x129 h9b y1fbe ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aac w20 ha3\"><div class=\"t m1 x189 h9b y1fbe ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aad w185 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill GP Hold<span class=\"_ _0\"></span>ings LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2aae w186 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Loan <span class=\"_ _4\"></span>Advisors LP</div><div class=\"t m1 x325 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">2<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aae w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aae w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aaf w60 ha2\"><div class=\"t m1 xdc h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aaf w61 ha2\"><div class=\"t m1 x129 h9b y1fad ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aaf w20 ha2\"><div class=\"t m1 x189 h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab0 w187 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Loan Ad<span class=\"_ _0\"></span>visors LP)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab1 w188 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Loan <span class=\"_ _4\"></span>Management<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2ab1 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab1 w189 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 30<span class=\"ls18d\">2, Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ab2 w60 ha1\"><div class=\"t m1 xdc h9b y248d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ab2 w61 ha1\"><div class=\"t m1 x129 h9b y248d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ab2 w20 ha1\"><div class=\"t m1 x189 h9b y248d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab3 w18a hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">LLC</div><div class=\"t m1 x326 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x327 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill Loan<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ab4 w18b hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab5 w18c hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Oppor<span class=\"_ _4\"></span>tunistic Cr<span class=\"_ _4\"></span>edit<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2ab5 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab5 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ab6 w60 ha1\"><div class=\"t m1 xdc h9b y2490 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ab6 w61 ha1\"><div class=\"t m1 x129 h9b y2490 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ab6 w20 ha1\"><div class=\"t m1 x189 h9b y2490 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ab7 w18d hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18d ws0\">Fund II GP LLC</div><div class=\"t m1 x328 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x329 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ab8 w18e hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls18b ws0\">Opportunistic Cr<span class=\"_ _4\"></span>edit Fund II GP <span class=\"_ _4\"></span>LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2ab9 w18f hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) <span class=\"ls17d\">Perfor<span class=\"_ _4\"></span>ming Credit<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x31d y2ab9 w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ab9 w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aba w60 hcf\"><div class=\"t m1 xdc h9b y2492 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aba w61 hcf\"><div class=\"t m1 x129 h9b y2492 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aba w20 hcf\"><div class=\"t m1 x189 h9b y2492 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2abb w190 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32a haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32b h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Bardin Hill<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2abc w191 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17d ws0\">Performing Credit <span class=\"_ _4\"></span>Management LLC)<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y2abd w192 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>t (US) Val<span class=\"_ _4\"></span>l\u00e9e Blanche <span class=\"_ _4\"></span>GP<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2abd w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2abd w193 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pi<span class=\"ls199\">ke, Suite 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2abe w60 ha1\"><div class=\"t m1 xdc h9b y2493 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2abe w61 ha1\"><div class=\"t m1 x129 h9b y2493 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2abe w20 ha1\"><div class=\"t m1 x189 h9b y2493 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2abf w194 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">LLC</div><div class=\"t m1 x326 haa y2a69 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x327 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly Halcyon Vall\u00e9e<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x236 y2ac0 w195 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls181 ws0\">Blanche<span class=\"ls0\"> <span class=\"ls18b\">GP</span> <span class=\"ls188\">LLC)<span class=\"_ _1bd\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ac1 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f2b ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts AG<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ac1 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f2b ff59 fs2e fcb sc0 ls189 ws0\">Huobstrasse 3,<span class=\"_ _4\"></span> 8808 Pf\u00e4ffikon <span class=\"_ _4\"></span>SZ<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ac1 w60 h9d\"><div class=\"t m1 xdc h9b y1f2b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac1 w61 h9d\"><div class=\"t m1 x1c6 h9b y1f2b ff59 fs2e fcb sc0 ls179 ws0\">Switzerland<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac1 w20 h9d\"><div class=\"t m1 x189 h9b y1f2b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac2 w36 ha2\"><div class=\"t m1 x1b8 h9b y1fad ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Australi<span class=\"_ _4\"></span>a Limited<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac3 w196 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls188 ws0\">Level <span class=\"ls197\">42, Governor Phill<span class=\"_ _4\"></span>ip Tower, 1 Farrer <span class=\"_ _4\"></span>Place,<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ac2 w60 ha2\"><div class=\"t m1 xdc h9b y1fad ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac2 w61 ha2\"><div class=\"t m1 xef h9b y1fad ff59 fs2e fcb sc0 ls181 ws0\">Australia<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac2 w20 ha2\"><div class=\"t m1 x189 h9b y1fad ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x32c y2ac4 w197 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Sydney, NSW 2000<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ac5 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Finance L<span class=\"_ _4\"></span>imited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ac5 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ac5 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac5 w61 h9e\"><div class=\"t m1 x1cb h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac5 w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Finance I<span class=\"_ _4\"></span>nc. <span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac7 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ac7 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ac6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac6 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ac8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Holdings <span class=\"_ _4\"></span>Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ac9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ac9 w198 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike,<span class=\"ls0\"> <span class=\"ls179\">Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></span></span></div></td><td class=\"c x2e5 y2ac8 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ac8 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ac8 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2aca w36 ha2\"><div class=\"t m1 x1b8 h9b y2495 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts (Hong Kong)<span class=\"_ _4\"></span> Limited<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2acb w199 hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Suite 1013<span class=\"ls0\">-<span class=\"ls17c\">15, 10<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x32d haa y2a93 ff64 fs31 fcb sc0 ls1c6 ws0\">th<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x32e h9b y276f ff59 fs2e fcb sc0 ls18d ws0\">Floor, Two IFC, Number<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aca w60 ha2\"><div class=\"t m1 xdc h9b y2495 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aca w61 ha2\"><div class=\"t m1 x1ce h9b y2495 ff59 fs2e fcb sc0 ls189 ws0\">Hong Kong<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aca w20 ha2\"><div class=\"t m1 x189 h9b y2495 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x32c y2acc w19a hde\" colspan=\"2\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17e ws0\">8 Finance Street<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2acd w36 h9d\"><div class=\"t m1 x1b8 h9b y1f7c ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2acd w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">15 North Mill Street, Nyack, NY 10960<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2acd w60 h9d\"><div class=\"t m1 xdc h9b y1f7c ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2acd w61 h9d\"><div class=\"t m1 x129 h9b y1f7c ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2acd w20 h9d\"><div class=\"t m1 x189 h9b y1f7c ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ace w36 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls198\">Investments Lim<span class=\"_ _0\"></span>ited</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ace w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ace w60 h9e\"><div class=\"t m1 xdc h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ace w61 h9e\"><div class=\"t m1 x1cb h9b y1f35 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ace w20 h9e\"><div class=\"t m1 x189 h9b y1f35 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2acf w36 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts SLP Holdi<span class=\"_ _4\"></span>ngs LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d8 haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 xec h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ad0 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad0 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2acf w60 h9d\"><div class=\"t m1 xdc h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2acf w61 h9d\"><div class=\"t m1 x129 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2acf w20 h9d\"><div class=\"t m1 x189 h9b y1f37 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad1 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts (USA) Cor<span class=\"_ _4\"></span>p.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ad2 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad2 w193 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, <span class=\"ls19f\">Wilmingto<span class=\"_ _4\"></span>n DE 19807<span class=\"_ _1bd\"> </span></span></div></td><td class=\"c x2e5 y2ad1 w60 h9e\"><div class=\"t m1 xdc h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad1 w61 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad1 w20 h9e\"><div class=\"t m1 x189 h9b y1f39 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad3 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17a ws0\">Man Investmen<span class=\"_ _4\"></span>ts USA Holdi<span class=\"_ _4\"></span>ngs Inc.<span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ad4 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad4 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ad3 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad3 w61 h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad3 w20 h9d\"><div class=\"t m1 x189 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad5 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">Man Property<span class=\"_ _4\"></span> Holdings Li<span class=\"_ _4\"></span>mited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad5 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad5 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad5 w61 h9e\"><div class=\"t m1 x4 h9b y1f3d ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad5 w20 h9e\"><div class=\"t m1 x189 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">Man Soluti<span class=\"_ _4\"></span>ons Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad6 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad6 w61 h9d\"><div class=\"t m1 x1cb h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad6 w20 h9d\"><div class=\"t m1 x189 h9b y1f3f ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad7 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls17a ws0\">Man Soluti<span class=\"_ _4\"></span>ons LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x63 haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x115 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\">  </div></td><td class=\"c x31d y2ad8 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ad8 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ad7 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad7 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad7 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ad9 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls17a ws0\">Man Strategi<span class=\"_ _4\"></span>c Holdings <span class=\"_ _4\"></span>Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ad9 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">Riverbank House, 2 <span class=\"_ _4\"></span>Swan Lane, London, EC4R 3AD<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ad9 w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ad9 w61 h9e\"><div class=\"t m1 x1cb h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">UK<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ad9 w20 h9e\"><div class=\"t m1 x189 h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ada w36 h9d\"><div class=\"t m1 x1b8 h9b y1f45 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls183\">Times Square GP LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 x151 haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x9e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2adb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2adb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ada w60 h9d\"><div class=\"t m1 xdc h9b y1f45 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ada w61 h9d\"><div class=\"t m1 x129 h9b y1f45 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ada w20 h9d\"><div class=\"t m1 x1be h9b y1f45 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2485 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f45 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2adc w36 h9d\"><div class=\"t m1 x1b8 h9b y1f47 ff59 fs2e fcb sc0 ls17a ws0\">Man Times Squ<span class=\"_ _4\"></span>are Holdings<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1d9 haa y230f ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x19b h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2add w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2add w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2adc w60 h9d\"><div class=\"t m1 xdc h9b y1f47 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2adc w61 h9d\"><div class=\"t m1 x129 h9b y1f47 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2adc w20 h9d\"><div class=\"t m1 x1be h9b y1f47 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y230f ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f47 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ade w36 h9e\"><div class=\"t m1 x1b8 h9b y1f49 ff59 fs2e fcb sc0 ls17a ws0\">Man VCAP SLP <span class=\"_ _4\"></span>LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x115 haa y2477 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">6</span></div><div class=\"t m1 x18 h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2adf w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2adf w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ade w60 h9e\"><div class=\"t m1 xdc h9b y1f49 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ade w61 h9e\"><div class=\"t m1 x129 h9b y1f49 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ade w20 h9e\"><div class=\"t m1 x1c3 h9b y1f49 ff59 fs2e fcb sc0 ls17f ws0\">39.01<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2477 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f49 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x20f y2ae0 w19b hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Worldwid<span class=\"_ _4\"></span>e Operations<span class=\"_ _1bd\"> </span></div></td><td class=\"c x318 y2ae1 w5f ha2\" colspan=\"2\"><div class=\"t m1 x0 h9b y1fa3 ff59 fs2e fcb sc0 ls18d ws0\">22 Grenville Street, St<span class=\"_ _4\"></span> Helier, JE4 8PX<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ae1 w60 ha2\"><div class=\"t m1 xdc h9b y1fa3 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae1 w61 ha2\"><div class=\"t m1 x4 h9b y1fa3 ff59 fs2e fcb sc0 ls17e ws0\">Jersey<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae1 w20 ha2\"><div class=\"t m1 x189 h9b y1fa3 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2ae2 w19c hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Management Li<span class=\"_ _4\"></span>mited<span class=\"_ _1bd\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2ae3 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls17a ws0\">Mount Granit<span class=\"_ _4\"></span>e Limited<span class=\"ls0\"> </span></div></td><td class=\"c x318 y2ae3 w5f h9d\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3b ff59 fs2e fcb sc0 ls19f ws0\">Wickhams Cay<span class=\"_ _4\"></span>, PO Box 662,<span class=\"_ _4\"></span> Road Town, <span class=\"_ _4\"></span>Tortola<span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2ae3 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae3 w61 h9d\"><div class=\"t m1 xeb h9b y1f3b ff59 fs2e fcb sc0 ls181 ws0\">BVI<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae3 w20 h9d\"><div class=\"t m1 x189 h9b y1f3b ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2ae4 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls17a ws0\">MVH Lending,<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x42 haa y247a ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x1da h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ae5 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x32f y2ae5 w19d hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">Kennett Pike, Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae4 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae4 w61 h9e\"><div class=\"t m1 x129 h9b y1f3d ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae4 w20 h9e\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247a ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ae6 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls17a ws0\">MVH Lending I<span class=\"_ _4\"></span>I, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x98 haa y20a6 ff64 fs31 fcb sc0 ls1c1 ws0\">3,<span class=\"ls0\">6</span></div><div class=\"t m1 x16d h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2ae7 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ae7 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae6 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae6 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae6 w20 h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2ae8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls182 ws0\">Net Zero Energy S<span class=\"_ _4\"></span>FR GP Inc. <span class=\"ls0\"> </span></div></td><td class=\"c x31d y2ae9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2ae9 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2ae8 w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2ae8 w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2ae8 w20 h9d\"><div class=\"t m1 x189 h9b y1f41 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1eb y2aea w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls182 ws0\">Numeric Investors<span class=\"_ _4\"></span> LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1db haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3</div><div class=\"t m1 x10e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2aeb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aeb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aea w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aea w61 h9e\"><div class=\"t m1 x129 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aea w20 h9e\"><div class=\"t m1 x189 h9b y1f43 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x20f y2aec w19e hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17a ws0\">Man Capital<span class=\"_ _4\"></span> Management LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x330 haa y2a93 ff64 fs31 fcb sc0 ls0 ws0\">3<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x331 h9b y276f ff59 fs2e fcb sc0 ls187 ws0\">(formerly<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31d y2aec w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2aec w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aed w60 ha3\"><div class=\"t m1 xdc h9b y2288 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aed w61 ha3\"><div class=\"t m1 x129 h9b y2288 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aed w20 ha3\"><div class=\"t m1 x189 h9b y2288 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x236 y2aee w19f hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls179 ws0\">Silvermine Capital <span class=\"_ _4\"></span>Management LL<span class=\"ls18a\">C)<span class=\"_ _1bd\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1eb y2aef w36 h9e\"><div class=\"t m1 x1b8 h9b y1f35 ff59 fs2e fcb sc0 ls18f ws0\">Varagon<span class=\"ls0\"> <span class=\"ls18a\">Capital Partner<span class=\"_ _4\"></span>s Agent, LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 xec haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x11f h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af0 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af0 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2aef w60 h9e\"><div class=\"t m1 xdc h9b y1f35 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2aef w61 h9e\"><div class=\"t m1 x129 h9b y1f35 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2aef w20 h9e\"><div class=\"t m1 x1be h9b y1f35 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20ae ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f35 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af1 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f37 ff59 fs2e fcb sc0 ls18f ws0\">Varagon Capital Par<span class=\"_ _4\"></span>tners, L.P.<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1dc haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">2,6</div><div class=\"t m1 x7a h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af2 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af2 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af1 w60 h9d\"><div class=\"t m1 xdc h9b y1f37 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af1 w61 h9d\"><div class=\"t m1 x129 h9b y1f37 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af1 w20 h9d\"><div class=\"t m1 x1be h9b y1f37 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2474 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f37 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af3 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f39 ff59 fs2e fcb sc0 ls18f ws0\">Varagon<span class=\"ls0\"> <span class=\"ls17d\">Professionals Fund <span class=\"_ _4\"></span>GP, LLC<span class=\"_ _1bd\"> </span></span></span></div><div class=\"t m1 xec haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x11f h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af4 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af4 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af3 w60 h9e\"><div class=\"t m1 xdc h9b y1f39 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af3 w61 h9e\"><div class=\"t m1 x129 h9b y1f39 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af3 w20 h9e\"><div class=\"t m1 x1be h9b y1f39 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2475 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f39 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af5 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3b ff59 fs2e fcb sc0 ls18f ws0\">VCAP Onshore GP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1dd haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x140 h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af6 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af6 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af5 w60 h9d\"><div class=\"t m1 xdc h9b y1f3b ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af5 w61 h9d\"><div class=\"t m1 x129 h9b y1f3b ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af5 w20 h9d\"><div class=\"t m1 x1be h9b y1f3b ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2476 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3b ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af7 w36 h9e\"><div class=\"t m1 x1b8 h9b y1f3d ff59 fs2e fcb sc0 ls18f ws0\">VCAP Offshore GP, S.<span class=\"_ _4\"></span>\u00e0.r.l<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5f haa y247a ff64 fs31 fcb sc0 ls0 ws0\">6</div><div class=\"t m1 x60 h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x318 y2af7 w5f h9e\" colspan=\"2\"><div class=\"t m1 x0 h9b y1f3d ff59 fs2e fcb sc0 ls17c ws0\">10, Rue des Capucins<span class=\"ls190\">, L<span class=\"ls0\">-</span></span>1313 <span class=\"ls0\"> </span></div></td><td class=\"c x2e5 y2af7 w60 h9e\"><div class=\"t m1 xdc h9b y1f3d ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af7 w61 h9e\"><div class=\"t m1 x1c8 h9b y1f3d ff59 fs2e fcb sc0 ls188 ws0\">Luxembourg<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af7 w20 h9e\"><div class=\"t m1 x1be h9b y1f3d ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247a ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3d ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2af8 w36 h9d\"><div class=\"t m1 x1b8 h9b y1f3f ff59 fs2e fcb sc0 ls18f ws0\">VCC Advisors, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x42 haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">6</div><div class=\"t m1 x115 h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2af9 w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2af9 w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2af8 w60 h9d\"><div class=\"t m1 xdc h9b y1f3f ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2af8 w61 h9d\"><div class=\"t m1 x129 h9b y1f3f ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2af8 w20 h9d\"><div class=\"t m1 x1be h9b y1f3f ff59 fs2e fcb sc0 ls17f ws0\">53.85<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y20a6 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f3f ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2afa w36 h9d\"><div class=\"t m1 x1b8 h9b y1f41 ff59 fs2e fcb sc0 ls18f ws0\">VCDLF SLP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x5c haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x42 h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2afb w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x31e y2afb w167 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2afa w60 h9d\"><div class=\"t m1 xdc h9b y1f41 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2afa w61 h9d\"><div class=\"t m1 x129 h9b y1f41 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2afa w20 h9d\"><div class=\"t m1 x1be h9b y1f41 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y2145 ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f41 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr><tr><td class=\"c x1eb y2afc w36 h9e\"><div class=\"t m1 x1b8 h9b y1f43 ff59 fs2e fcb sc0 ls18f ws0\">VIVA Onshore GP, LLC<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x16d haa y247c ff64 fs31 fcb sc0 ls0 ws0\">3,6</div><div class=\"t m1 x13f h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td><td class=\"c x31d y2a9d w166 hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x32f y2a9d w19d hde\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls17f ws0\">Kennett Pike, Suite 302,<span class=\"_ _4\"></span> Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2e5 y2afc w60 h9e\"><div class=\"t m1 xdc h9b y1f43 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x31f y2afc w61 h9e\"><div class=\"t m1 x129 h9b y1f43 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1ed y2afc w20 h9e\"><div class=\"t m1 x1be h9b y1f43 ff59 fs2e fcb sc0 ls199 ws0\">78.02<span class=\"_ _1bd\"> </span></div><div class=\"t m1 x1ab haa y247c ff64 fs31 fcb sc0 ls0 ws0\">7</div><div class=\"t m1 x1e h9b y1f43 ff59 fs2e fcb sc0 ls0 ws0\"> </div></td></tr></table></div><div class=\"t m1 h9b ff5b fs2e fcb sc0 ls18a ws0 gs24f\">Subsidiaries in l<span class=\"_ _4\"></span>iquidation/dissolution<span class=\"_ _4\"></span><span class=\"ls0\"> </span></div><div class=\"gs250\"><table class=\"s w1a0 h119\" id=\"_a164781c-2c46-4d07-b47c-9c87b2ab4c77\"><tr><td></td><td></td><td></td><td class=\"c x332 y2a32 wa3 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Direct or<span class=\"_ _1bd\"> </span></div></td><td class=\"c x2bd y2a32 w160 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Country of<span class=\"_ _1bd\"> </span></div></td><td class=\"c x333 y2a32 w163 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">Effective Group<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y285e w36 ha9\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Company name </div></td><td class=\"c x334 y285e w62 ha9\"><div class=\"t m1 x0 h42 y2370 ff5c fsd fcb sc0 ls0 ws0\">Registered address </div></td><td></td><td class=\"c x335 y2a33 w164 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">indirect<span class=\"_ _1bd\"> </span></div></td><td class=\"c x336 y2a33 w161 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">incorporation<span class=\"_ _1bd\"> </span></div></td><td class=\"c x337 y2a33 w165 hd8\"><div class=\"t m1 x1e5 h42 y26f5 ff5c fsd fcb sc0 ls0 ws0\">interest %<span class=\"_ _1bd\"> </span></div></td></tr><tr><td class=\"c x1f5 y2711 w36 h9e\"><div class=\"t m1 x0 h9b y1f31 ff59 fs2e fcb sc0 ls17a ws0\">Man<span class=\"ls0\"> <span class=\"ls17d\">Principal Strat<span class=\"_ _4\"></span>egies Corp</span></span><span class=\"ls0\"><span class=\"ls17d\"><span class=\"ls0\"> </span></span></span></div></td><td class=\"c x338 y2a9d w166 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">4001<span class=\"_ _1bd\"> </span></div></td><td class=\"c x339 y2a9d w167 hdd\"><div class=\"t m1 x1e5 h9b y276f ff59 fs2e fcb sc0 ls197 ws0\">Kennett Pike, Suit<span class=\"_ _4\"></span>e 302, Wilmington DE 19807<span class=\"_ _1bd\"> </span></div></td><td class=\"c x28b y2711 w1f h9e\"><div class=\"t m1 x1b7 h9b y1f31 ff59 fs2e fcb sc0 ls198 ws0\">Indirect<span class=\"ls0\"> </span></div></td><td class=\"c x1f6 y2711 w20 h9e\"><div class=\"t m1 x1c7 h9b y1f31 ff59 fs2e fcb sc0 ls193 ws0\">US<span class=\"ls0\"> </span></div></td><td class=\"c x1f7 y2711 w20 h9e\"><div class=\"t m1 x1bd h9b y1f31 ff59 fs2e fcb sc0 ls17c ws0\">100<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "22 Grenville Street, St Helier, JE4 8PX",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "0.172",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-13": {
   "value": "0.163",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:2549003YWC1DW6LALB09",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  }
 }
}