Statement of comprehensive income Operating expenses Operating profit Finance cost Share of profit from associates, net of tax of £[XX]m (2020: £4.8m) Profit before income tax Income tax expense Profit for the year (including profit from non-controlling interests of £[XX]m (2020: £0.4m)) Remeasurement of net defined benefit liability Tax related to items taken to other comprehensive income Net exchange adjustments offset in reserves¹ Net gain/(loss) on net investment hedge¹ Cost of hedging Effective portion of changes in fair value of cash flow hedge Other comprehensive income for the year Total Comprehensive Income Basic Diluted Statement of financial position Intangible assets Investments in associated undertakings Other investments Contract costs Retirement benefit assets Other receivables Derivative financial instruments Other investments Derivative financial instruments Provisions for liabilities and charges Bank and other short-term borrowings Lease liabilities Derivative financial instruments Net current (liabilities)/assets Other payables Bank and other long-term borrowings Lease liabilities Retirement benefit obligations Provisions for liabilities and charges Derivative financial instruments Net assets Share capital Total equity Statement of changes in equity At 1 January 2020 Profit for the year Net exchange adjustments offset in reserves Net loss on net investment hedge Net loss on cash flow hedge Tax related to items taken directly to other comprehensive income Cost of equity-settled share-based payment plans Tax related to items taken directly to equity Movement in the carrying value of put options Transfer between reserves Shares issued in the year Acquisition of non-controlling interests Dividends paid to equity shareholders At 31 December 2021 Statement of cash flows Cash generated from operating activities Interest paid Income tax paid Net cash flows from operating activities Purchase of property, plant and equipment Purchase of intangible fixed assets Proceeds from sale of property, plant and equipment Acquisition of companies and businesses, net of cash acquired Disposal of companies and businesses Dividends received from associates Net change to cash flow from investment in term deposits¹ Net cash flows from investing activities Dividends paid to equity shareholders Acquisition of shares from non-controlling interest Capital element of lease payments Cash outflow on settlement of debt-related foreign exchange forward contracts Proceeds from new debt Debt repayments Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Exchange losses on cash and cash equivalents